AlexandreNygal

AlexandreNygal

Since the beginning of this year, the FX pair EURGBP has made a fast reverse, leaving its downside trend for a very bullish construction. On that situation, as long as the tops and bottoms remain higher than the previous ones, we should look for potentially interesting entry points. Here, we probably got one due to the following reasons : - beginning of a bounce...

AlexandreNygal

Amazon is in a fast upside trend since early February (+72% in less than 9 months). The stock is making new historical highs frequently. On that situation, we are looking for short term regress in order to get long. Here is exactly what is happening : - Beginning of a bounce at a 38.2% Fibonacci retracement - Matches with neutrality area on the RSI (bounce at 50...

AlexandreNygal

The CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by...

AlexandreNygal

Facebook ( NASDAQ:FB ) is evoluting in a long term bullish trend, but currently it is consolidating between 126.70 and 131$. On that situation, a short position is definitely to ban. But is today the right moment to initiate a long position ? The support à 126.70$ corresponds to 0.5 retracement of the last upper move (end Aug - beg Sept), it is not enough. It...

AlexandreNygal

Comment : Usually, Gold's once prices fluctuates by 50$ levels (1200-1250-1300-etc). Almost every time it has passed a resistance or broken a support, it has made a decent bounce at the next level. Here, the situation is pretty different : after the break of 1300$, we can not notice any bounce at 1250$ in despite of : RSI oversold, presence of a great support...