Oil has consolidating for the past three weeks in a channel. Breaking out the bottom of the channel would unleash a bearish movement towards $25, with $28.66 as a primary objective. Breaking out the Blue Trend Line would send it back towards $34.42. A Throwback will occur, should Oil breakout the Channel. The main trend is still bearish with $20 as a final...
The Head&Shoulders on Chevron Corp is still valid, until the rejection level is breached. Although the Throwback faltered, which has sent the equity towards the rejection level, breaking out of the Neckline, will send CVX seeking 77.31, with 82.73 as a primary objective.
The XAUUSD is about to breakout the major support zone, highlighted on the chart, which will lead it to 1050.46, with 1057.62 as a primary objective. Bouncing around 1066.07, will send it back towards 1076.01. Breaking out 1076.01 will send it to 1086.04, with 1080.34 as a primary objective. So there the risk of having the double bottom rejected can be taken...
There is a Diamond Top on the EurUsd, which is a very bearish figure. The Parity has succeeded to break it out, as it was unable to breakout the 1.09418 resistance level, which would have allowed it to seek 1.10686, its rejection level. The pattern shows a bearish market, with 1.05598 as an objective, and 1.06972 as a primary objective. The daily Pivot Point is...
Vivendi S.A. CHXEUR:VIVP is bouncing back after it has lost 15.84% since the end of November. It was hovering in a Double Bottom, it's been a while, and it is currently heading towards 20.32, the Double Bottom's objective. A throwback hasn't occurred, yet. A pull back, as a part of a throwback, may send it south towards 19.58, as a momentum building movement...
It will be a very crucial period for Oil, as the U.S.A. will be able to export its own production of Oil as the U.S. Congress lifted the ban on Oil exports, about two weeks ago. Iran will be returning to the international Oil market, as an exporter of Oil, since the liftoff of the embargo on Iranian Oil will take effect starting January 2016. Moreover, The Saudi...
The EurUsd is about to reject the unfinished H&S, as the breakout of 1.09925 will reject the figure and will send the parity towards 1.10666, with 1.10230 as a primary objective. The breakout of 1.09489 will send the parity seeking lower lows around 1.08667, with 1.09058 as a primary objective. The daily Pivot Point is around 109682. The daily support levels are...
The GbpUsd bounced around 1.48009, after a sharp bearish week. It has currently done a CUP, as a part of the well known " cup and a handle" formation. It is a great coincidence since the formation's neckline is around 1.49546, which is a critical level, should a handle be formed. Breaking out 1.49546, will trigger a throwback. It will lead to a rally of at least...
After a rough bearish market on FRA40, prices are consolidating in a triangle that can be seen on the chart. Since it is a symmetrical triangle, prices can go either way: - Fra40 would rally 170 points, should it breakout the higher edge of the triangle. - Fra40 would go south 170 points, should it breakout the lower edge of the triangle. The daily Pivot...
Gold has been consolidating between 1086.04 and 1050.46, after a long slide, where an unfinished double bottom can be noticed. Gold will have 1125.39 as an objective, should it BREAKOUT 1086.04, with 1105.13 as a primary objective. In the meantime, Gold is around a major support zone, highlighted on the chart. It has 1073.33 as support, which breaking out will...
As you can see there's a head and shoulders on EXXON MOBIL CORP. The rejection level is around 82.42, and the objective is around 70.79. The primary objective is 73.67.
After a beautiful diamond, which has triggered a bearish market for about two weeks, the French index bounced back ahead of the FOMC meeting's disclosure, where a liftoff is probably going to occur. From a historic point of view a hike in interest rates have always led to a correction. Nonetheless, the market was in a bearish movement that was close to sending it...
Technip S.A. is a French Listed company, whose activities are related to Oil. The equity has a positive correlation to the prices of Oil. The chart shows clearly how sensitive the stock's prices are to the fluctuations of Oil prices. TECP was stuck in a channel, it has been few months, which it has broken out after the last OPEC meeting, as the price of Oil...
The EurUsd is still consolidating ahead of the FOMC meeting. It is currently being traded around its EMAs, around the bottom of the channel, since it doesn't have the volume patterns of a flag. Breaking out the bottom of the channel will send it seeking 1.07836, with 1.08320 as a primary objective. The breakout of the top of the channel, should the parity rallies...
Gold failed to breakout its EMA20 as it has fallen to 1094.5, yesterday, breaking out 1062.95. Gold will have 1053.81 as an objective should it pursue its current trend. The 1062.95 level will be the resistance level on a daily scale. Gold may re-visit 1069.06 should it fail to maintain the bullish stance. The Daily Pivot Point is around 1065.24. The daily...
The EurUsd is still hesitating ahead of the FOMC, closing in a neutral doji, yesterday. The EurUsd is still in a bullish trend, as long as it doesn't breakout 1.09255. The objective remains 1.1106, should it breakout 1.10485. A breakout of 1.09255 will send the EurUsd back to around 1.08400, with 1.08807 as a primary objective. The Daily Pivot Points are around...
The S&P500 ended up today's session in the green after reaching new lower lows, as a part of a bearish market that has brought the benchmark back to around 1998.6, ahead of the FOMC meeting, which will very likely end up in a rate hike, the first in the past 8 years. An increase in the Fed's interest rate will send the benchmark seeking lower lows and throw it in...
The GbpUsd closed in the red, yesterday. Unless the cable breaks out 1.52021, the bullish market will be ceased, which will send the cable south towards 1.51142, with 1.51350 as a primary objective. The breakout of 1.52021 will send it forth towards 1.52409. The daily Pivot Point is around 1.51566. The daily support levels are around 1.51122 and 1.50655. The...