BFCMInvest

BFCMInvest

The price of the index in the last two sessions has touched the resistance set at 20900 points, recovering over 1600 after the minimum marked between 25 and 26 December. The price remains bearish: after the high recorded in October 2018, in the short/medium term has remained almost constantly below the intersection of the main EMA, the key resistance level for...

BFCMInvest

The price has returned to fall with the crossing of the dynamic resistance identified by the EMA 200 and 20 weekly at about 7000 points, and then immediately rejected by 150 points on the downside. The level 7000 is a crucial barrier for the direction in the short term: until it will remain below, the most plausible target is the support in the 6400 area; an...

BFCMInvest

The trend has seen a major retracement of over 4.5 cents in the last 10 days: at the moment it seems to have stopped on the support at 1.317 and from here a rebound brought it back to the 1.327 area. Now the price is between the resistance identified by 50% of the Fibonacci retracement and the support formed by the daily EMA200, respectively placed at 1.33 and...

BFCMInvest

Following the analyzes published in the afternoon, related to the Brexit question, this is the trade that our technical and macroeconomic indicators have pushed us to do, the demonstration that a strategy combined between technical skills and support from machines is accurate and profitable.

BFCMInvest

A brief summary of our previous analysis: the level at 2.97$ is a strong support, the cyclical movements of this commodity, makes us think that that the price will return to the area 3.40 before the spring and then continue downwards with target 2.80 / 2.60 $ in the summer. Even from a fundamental point of view we expect a rebound from these areas, as a decrease...

BFCMInvest

After the possible head-shoulders identified a few months ago and completed in December, now it seems that the price is trying to rebound and enter the channel between 10900 and 11200 points. The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few...

BFCMInvest

The trend of the Italian index on both monthly and weekly rates is strongly bearish: starting in May 2018, this series of sales does not seem to be finished yet from a technical and fundamental point of view. At the moment the price, in line with all the main world markets, seems to be recovering after having rebounded on the level of 18000 points and should...