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Boeing Has Lost Its Bullish Strength

The share of price of Boeing fell after two Boeing planes crashed in the past few months. In 2019, Boeing has been bullish from 315.80 and reached an all time high this year at 447.12. A gap up that occurred in the last few days of January has been filled in March. The price of $BA has been on the upper region of the Bollinger bands throughout the year until mid-month of March. The volatility of $BA in 2018 was quite low until this year.

Throughout February, the price of $BA was overbought on the RSI. The future of Ichimoku has already shown a trace of downtrend. With the analysis using the trendlines, price of $BA could begin to fall from its current 393.26 to 333.71. The price of $BA has crossed to the lower region of the bands. If price of $BA breaks to the downside to reach the expected support level of 333.71, a breakout of the support level could make the price of $BA to continue to move downward.

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Mastercard Is Currently Overbought

Mastercard is currently overbought after reaching an all time high for the stock. The new resistance level is at 235.66. The year 2019 has started on a bullish trend from 185.42 to the resistance level of 235.66. The overbought position for $MA was reached first at the beginning of February 2019. Since this time, price has continued to rally in the overbought region which could lead to a reversal on the daily chart.

Ichimoku is currently showing the bulls are in charge of the $MA market. RSI also shows price has been overbought for over a month. As we expect a bearish trend, price of $MA might go below 200. Price is yet to cross to the lower side of the Bollinger bands. A breakout has occurred from the trendlines but price is still in a range. Before the end of April, the bearish trend might become more dominant.

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EBAY Share Price In Range, Might Go Bearish


Price of $EBAY has reached the overbought position since January and it is yet to reverse. There was a gap up in January, in which the price is yet to fill up or retrace. $EBAY reached the resistance level at 38.43 on the first trading day of March. Since, $EBAY has been overbought for 2months.

A fall in the price of $EBAY is expected because of the continuous movement of price in the overbought region. As more bears could enter the market, the share of $EBAY might reach 29.79 from 36.72, which could serve as the new support level. The Ichimoku still shows the bulls are aggressively in power but the bears, in the long run, could overpower the efforts of the bulls. RSI undoubtedly is overbought after which a breakdown from the trendlines has occurred. As we await the bearish movement to gain momentum, the bulls might decide to enter the market after finding support at 29.79.

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Hewlett Packard Price in Range, Might Go Bullish


The year 2019 started on a good note for the $HPQ bulls when price moved from 20.20 on the first trading day to 24.14 on the 26th of February. Ever since the recent high was reached at 27.70 in 2018, price has ceased to reach that level again. Nevertheless, the price of $HPQ continues to maintain the support level at 19.45. On the 27th day of February, there was a gap down to 18.49 from the resistance level.

RSI shows that before the gap down, price of $HPQ had been overbought. The gap down made the RSI to reach the oversold region and since then, price remains in the lower region of the Bollinger bands. Ichimoku’s future still shows a bearish trend still active.

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Facebook Share Price To Fall

On the 25th of January, we released an article stating Facebook bears are getting out of the market. At this point, our expectation for $FB share price to reach 160 has been met, which could pave way for the bears to resume trading. A breakdown from the trendlines A and B occurred in the last two trading days of last week. A double bounce in price touched the resistance level at 174.14 in the last 2 months, technically indicating a possibility for a reversal.

On the 31st of January, there was a jump in the price of $FB from 150.61 to 165.36. Ever since the jump occurred, a range in price resumed. Price of $FB is beginning to touch the middle Bollinger band line, which might likely indicate a weak bullish trend. Though the future of Ichimoku shows no reversal, price of $FB might begin to fall. A fall in price might make the $FB shares to drop to 139.06. Taking a further look at the RSI, price of $FB has been overbought, preparing for a reversal.

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Dollar To Lose Bullish Strength To Swiss Franc

Since the beginning of 2019, $USDCHF pair has maintained a bullish trend in price movement. $USDCHF has not been able to break the resistance level 1.01238 for awhile. The Swiss Franc has technically shown a double top which might result into a downtrend. The $USDCHF tried to touch the middle line Bollinger band before a correction occurred as a fall in price of $USDCHF is due.

The Ichimoku’s future still shows the bulls currently dominate. As we expect a reversal due to the breakout from the trendlines, price could touch the support level at 0.97369. RSI has not shown any trace of price being overbought. Last week, the $USDCHF was bullish. But this week, it has been the other way round. The Swiss Franc might gain about 400pips with the RSI indicating more $USDCHF bears entering the market.

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Walmart Bulls Might Begin To Relent


Ever since Walmart hit an all time high in January 2018, the bullish strength began to depreciate. Though a correction occurred, price only reached the resistance level 105.99. Since then, the Ichimoku has been having a rough shape which gives a dicey signal for the $WMT market. As price of $WMT is currently at 98.32, price might go lower. It is obvious there is a tussle between the $WMT bears and bulls since the all time high was reached.

Indications with the RSI have shown 2 overbought positions in 2018. Price is yet to retrace fully and still maintains the upper region of the Bollinger bands. At two different instances, price crossed to the lower region of the bands but crossed back to the upper region. A breakdown from the support level 89.76 might make price to continue the downtrend to reach 77.92 in the coming weeks.

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S&P 500 Approaching Resistance

In the first week of October 2018, S&P 500 reached an all time high of 2946.97 before a reversal began. Before then, there was an indication of an oversold region in January 2018 on the weekly chart and price of $SPX moved downwards with 500points. Also, before the end of 2018, price was beginning to gain momentum through the active roles of the bulls.

Despite the selloff on the weekly chart, $SPX never showed an oversold position on the RSI before price rallied. A breakout from the trendlines which has occurred might be a strong signal for a bullish continuation move towards the resistance level. The future of Ichimoku has already given us a signal for a complete bullish takeover. In the second trading week of February, price of $SPX moved to the upper region of the Bollinger bands and it is yet to reverse. $SPX bulls might push price to 2946.97, the all time high.

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GBPUSD Had A Correction, Might Begin Bearish Trend

Since April 2018, the US dollar has been gaining a lot against the GBP with about 2000pips. Despite several instances of oversold positions, price still continued to go lower until support level was reached in December 2018 at 1.24797. A correction started when price touched the resistance level in February 2019 at level 1.33460. Thereafter, a pullback occurred.

The trendlines have been broken to the downside. RSI shows at two different instances this year that $GBPUSD has been overbought. Before the correction in the price of $GBPUSD, it hit the middle line of the Bollinger bands. Though the candlesticks are still in the higher region of the bands, a reversal could begin, which might make price cross to the lower region of the bands. Price has low tendencies of breaking out of the resistance level 1.33406 upward. About 1000pips could favour the USD against the GBP in the next few weeks. As $GBPUSD might begin a bearish trend, it could reach the support level.

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US Dollar Might Lose Against The Canadian Dollar

The highest point $USDCAD reached in 2018 was at the last 4 trading days at 1.36583. After this high, a bearish trend began and since then, price has refused to go back to a level of 1.36583. Price has since then fallen to the lower region of the Bollinger bands. 2019 has been bearish for the $USDCAD.


The trendlines broke down after price touched the upper line of the Bollinger bands. RSI is already showing an overbought position which is also shown with the price action. After a new support level has been reached in 2019 at 1.30883, a range in price has been dominating the price movement. Ichimoku also shows the bears are in the market and this might continue for a while. Price of $USDCAD might fall about 900pips which the $USDCAD bears have gone down with 300pips already. Price might continue the downward movement for a few weeks to come.

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