After a long streak of falling prices, Oil surged last week as it has gained support around its 42.55 support level, which sent it back to 46.29. In the course of its bearish sessions, Oil broke out two major support zones: the one around 46.29, and the 45.3-44.4 range. The astonishing rebound around 42.55 is that, in one day, it managed to breakout both of those...
The GbpUsd was able to visit the critical 1.54433 level, last Friday. The GbpUsd tried to breakout the 1.54433 level but failed around its Major Trend Line in Blue. Only a breakout of the 1.55047 level, will lead to the instauration of a new major bullish trend cannot be done unless two tops are formed, with the second having a higher top than the one before. The...
The S&P500 failed to maintain its bullish momentum on Friday, as it has closed in the red after a strong rally that has propelled it to around 2092.52, up from 2021.11, in just six sessions... The benchmark is apparently on its way to find its Major Trend Line in Orange. The trend is not bearish until the breakout of the 2071.98 level, which may trigger a bearish...
The Cac40 was caught up between 4850.157 and 4936.87 last week. It gained support around the 4850.17 support level, which has forbidden it from inverting. In general, the good numbers helped sustaining a bullish market until now. The bullish gap, highlighted on the chart, its EMA10, as well as the 4850.17 support level, formed a major support zone. The trend is...
The S&P500 closed yesterday in a bullish market, as earnings helped lifting the benchmark up. The benchmark broke out the 2079.84 level, which will send it to seek 2100.81. The 2084.21 level will be its support level. Any eventual draw downs would have 2079.84 as an objective. The daily Pivot Point is around 2081.27. The support levels are around 2072.19 and...
The Cac40 failed to continue the bearish market it has entered, as it has gained rebound around 4850.17, closing in the green, hinting to seek highs it has visited recently. The French benchmark will have 4972.7 as an objective, with 4924.4 as a primary objective, should the bullish trend continue. The 4850.17 level will be its benchmark today. The benchmark...
The GbpUsd closed, yesterday in the red after breaking out 1.52880. The cable is currently being traded around 1.52409, which breaking out will send it towards 1.51666, with 1.52029 as a primary objective. Today the cable will have 1.52880 as a resistance level. The cable will head to 1.52880, before 1.53070 should any inversion occur. The daily Pivot Point...
The S&P500 has been flattering, it has been two days, after a swift rally that propelled it to around 2079.84. The benchmark found support, today, around 2058.87, which limited the losses, leading the benchmark to close in a small long legged doji. The breakout of 2058.84, with a bearish gap at the opening, will send the benchmark south to 2048.39. The...
The Cac40 failed to preserve its bullish momentum in the last couple of days, which has led it to visit its 4850.17 supoort level. The benchmark will have its 4850.17 support level and the bullish gap of last Friday ahead as a support area, which will not be easy to cut through. The benchmark will head south to 4812.24, with 4826.83 as a primary objective,...
The GbpUsd closed in the red, after a disappointing GDP report that sent the cable back to its 1.52880 support level. Breaking out will send it south towards 1.52484. Today, The cable will have 1.53209 as a resistance. Failing to breakout 1.52880, will send the cable back to 1.53595, with 1.53391 as a primary objective. The daily Pivot Point is around 1.53137....
The S&P500 closed yesterday in the red after a strong rally that has sent it to highs never seen since two months. The S&P500 is still bullish as long as earnings are not missing estimates. It will have 2085.96 as an objective, should it breakout 2075.14, with 2066.53 as a support level. The Benchmark will have 2062.37 as an objective, should it breakout...
The CAC40 is showing signs of weakness, that may be vanquished after the better than expected unemployment report, which was published yesterday. The benchmark will have 4972.7 as an objective, should it breakout 4924.24, especially if the benchmark opens with a bullish gap today. The benchmark will head to 4850.17, should it breakout 4881.05. The daily Pivot...
The GbpUsd rebounded yesterday, flirting with its EMA10, which is around 1.53595. The cable ended yesterday's session visiting 1.53595, which breaching will send to 1.54043, with 1.53898 as a primary objective. Any eventual draw downs will send it back to 1.52880, with 1.53209 as a primary objective. The daily Pivot Point is around 1.53449. The daily support...
The S&P500 Was rallying last week, after it had flattered for a couple of days, while it was trying to breakout 2030.23. The benchmark will have 2100.81 as an objective, with 2085.96 as a primary objective, should it breakout 2079.84. The benchmark will have 2069.36 as a support. Any eventual draw downs will send it to 2064.11. The daily Pivot Point is around...
The CAC40 is in a strong bullish market on the background of the ECB's commitment to continue its Open Market strategy. The benchmark visited its 4936.87 resistance level on Friday. A bullish gap at the opening send it to breakout 4938.87 level, with 4996.04 as an objective, and 4981.4 as a primary objective. The benchmark will have 4905.6 as a support level,...
Last week, the GbpUsd closed in the red. The cable is going to visit its 1.52880 support level today, with 1.52409 as an objective, should the correction continue, and 1.52774 as a primary objective. The cable will have 1.53354 as a resistance for today. Breaking out 1.53595 will send it towards 1.53898. The daily Pivot Point is around 1.53438. The daily...
The S&P500 closed today in the green after a very strong rally that lead it to 2048.39. The benchmark seems to be pushing its way up to 2078.09, with 2061.49 as a primary objective. The benchmark will have 2048.39 as a support level. Any draw downs will send the benchmark back to 2040.52. The daily Pivot Point is around 2043.19. The daily support levels are...
The CAC40 is moving forth after a long period of consolidation, breaking out 4783.38, which will send it towards 4936.87, with 4850.17 as a primary objective. The benchmark will have 4783.38 as a support level. Any draw downs will send it to 4753.89, with 4783.38 as a primary objective. The daily Pivot Point is around 4763.09. The daily support levels are around...