1 September 2018

Below you can find our 1 September 2018 posts archive, organized chronologically.
  • Bitcoin Cash, Litecoin and Ripple Daily Analysis – 01/09/18

    It’s a bullish start to the day, with Friday’s afternoon recovery spilling into the early hours, the news wires on the quieter side at the end of the week.

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  • Bitcoin – Bulls in Search of a Weekend Rally

    Bitcoin in positive territory early, while trailing the majors, with a hold on to $7,000 levels needed to avoid a slide later in the day.

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  • AUD/USD daily chart, September 03, 2018

    AUD/USD Price Forecast – Aussie tumbles with new trade tensions

    The Australian dollar fell again during the trading session early on Friday, as it is believe that the Americans are going to increased tariffs against Chinese imports, which of course is an economy that Australia is highly connected to.

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  • EUR/USD daily chart, September 03, 2018

    EUR/USD Price Forecast – Euro continues to consolidate

    The Euro drifted a little bit lower during the trading session on Friday, but only a small amount of distance. The market looks as if it is ready to bounce from the 1.1650 level, but if we do break down below there it’s likely that the 1.16 level will be targeted.

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  • GBP/JPY daily chart, September 03, 2018

    GBP/JPY Price Forecast – pound wipes out most of the gains this week

    The British pound broke down during the trading session on Friday, almost wiping out the entire gains from the impulsive move after rumors came out that the EU and the UK were coming close to some type of deal. If the impulsive move gets wiped out, that’s a bad sign.

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  • GBP/USD daily chart, September 03, 2018

    GBP/USD Price Forecast – British pound slumps on Friday

    The British pound slumped during the trading session on Friday, as the fears of a “no deal Brexit” have creep back into the marketplace. Quite frankly, this looks like manipulation, but I think at this point there is plenty of support underneath just waiting to get involved. If we do break down, I think the 1.2880 level will be a very interesting place to watch because it was where the impulsive move started. If we were to break down below that candle, that would be catastrophic for the uptrend.

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  • USD/JPY daily chart, September 03, 2018

    USD/JPY Price Forecast – US dollar pulls back to end the week

    The US dollar pulled back against the Japanese yen early on Friday, breaking through the ¥111 level. However, we still have plenty of support in various places, so therefore I still look at this is a market that is separated by 50 pips along the way.

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  • Gold daily chart, September 03, 2018

    Gold Price Forecast – Gold markets continue to struggle with strong greenback

    The Gold markets continue to struggle with a stronger than usual greenback as fear continues to be a major issue for the market. At this point, I believe that we are probably going to see a lot of volatility going forward, as trade deals become front and center.

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  • Natural gas daily chart, September 03, 2018

    Natural Gas Price Forecast – natural gas rallies to close the week

    Natural gas markets rally to close out the week, breaking towards the $2.93 level. However, as I record this video it looks as if it’s going to be yet another opportunity to start selling. With that being the case, I like the idea of Shorty natural gas in general, so a day like today only gives me more of an opportunity to.

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  • Crude Oil daily chart, September 03, 2018

    Crude Oil Price Forecast – crude oil choppy again on Friday

    Crude oil markets continue to be very choppy, reacting to the headlines coming out of the trade negotiations between the United States and Canada. It seems as if every time there is negativity, oil will rally. However, the stronger US dollar keeps it down. In other words, it has no idea what to do with itself, much like the rest of the markets right now.

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  • Silver daily chart, September 03, 2018

    Silver Price Forecast – Silver markets continue to struggle with strong dollar

    The US dollar rallied a bit during the trading session on Friday, as we continue to be afraid of almost everything. Because of this, Silver paid the price as precious metals are so highly sensitive to greenback strength. However, we are testing major levels in various currencies, so I think that the silver market may find some support again near the $14.50 level. However, if we break down this will lead the next leg lower.

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  • S & P 500 daily chart, September 03, 2018

    S&P 500 Price Forecast – stock have nowhere to go

    During the Freddie session, the S&P 500, and in fact most indices in the United States struggled to get any footing. There are simply far too many moving pieces out there to feel comfortable holding onto anything for a significant amount of time at this point. That being said, there is still a longer-term upward proclivity in this market.

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  • AUD/USD weekly chart, September 03, 2018

    AUD/USD Weekly Price Forecast – Aussie testing major support

    The Australian dollar fell during the week, breaking the back of the previous hammer, and now testing the one before it. The 0.72 level is crucial, and if this area gets broken to the downside, we could see the market slice even further.

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  • EUR/USD weekly chart, September 03, 2018

    EUR/USD Weekly Price Forecast – Euro struggles during the week

    The EUR/USD pair has tried to rally during the week, but then turned around form a shooting star. However, I think at this point what we are looking at is a pullback just waiting to happen. The 1.15 level underneath should be support though, so this will be interesting to see how this plays out.

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  • GBP/JPY weekly chart, September 03, 2018

    GBP/JPY Weekly Price Forecast – British pound gives up much of the gains for the week

    The British pound gave up much of the gains for the week, turning around to form a bit of a shooting star for the weekly candle. I think that this market continues to be very jittery, especially considering that we have a couple of different things moving it.

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  • GBP/USD weekly chart, September 03, 2018

    GBP/USD Weekly Price Forecast – British pound rallies for the week

    The British pound rallied during the week, reaching towards 1.13 level, which of course is very crucial. I think at this point, the market should continue to be skittish, as we hear conflicting stories about a possible Brexit deal.

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  • USD/JPY weekly chart, September 03, 2018

    USD/JPY Weekly Price Forecast – titrating continues

    The US dollar initially tried to rally during the week but gave back its gains as we continue to bounce around the ¥111 region. When I look at the longer-term charts, it’s obvious that we are forming a massive symmetrical triangle, meaning that something has to give. I suspect that it will give in the next couple of weeks.

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  • Gold weekly chart, September 03, 2018

    Gold Weekly Price Forecast – Gold markets fall again

    Gold markets continue to look very soft, but we are approaching a major support level in the $1200 level. At this point, it’s a bit difficult to decide where we are going next, but I think if we can break above the $1215 level, we may get a nice snapback. Otherwise, it’s all about the US dollar.

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  • Natural gas weekly chart, September 03, 2018

    Natural Gas Weekly Price Forecast – natural gas markets have wild week

    Natural gas markets initially sold off rather rapidly during the week but turned around to break above the $2.90 level. By doing so, we ended up forming a hammer which show signs of resiliency. However, when you zoom out to the longer-term charts it becomes apparent that we are very much still in the middle of the consolidation. That’s not to say that we can break out of it in one direction or the other, just that we are still there.

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  • Crude Oil weekly chart, September 03, 2018

    Crude Oil Weekly Price Forecast – crude oil markets continue bullish run

    The crude oil markets were bullish during the week, but don’t what the weekly chart for you, it wasn’t easy. In fact, Wednesday, Thursday, and Friday were all very difficult.

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  • Silver weekly chart, September 03, 2018

    Silver Weekly Price Forecast – Silver continues to drift lower

    Silver markets fell again during the week, as we continue to test the $14.50 level. This is a market that has been sold off rather relentlessly, as the US dollar has been strengthening.

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  • S & P 500 weekly chart, September 03, 2018

    S&P 500 Weekly Price Forecast – stock markets continue to bang up against resistance

    The S&P 500 rallied significantly during the week but gave back its gains above the 2900 level. Because of this, the market ended up forming a shooting star, which of course has caused some issues. At this point, it looks as if we are still trading headlines.

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  • Crude Oil

    Oil Price Fundamental Weekly Forecast – Speculators Raised Bullish Bets on Crude for First Time in Month

    The direction of the crude oil market this week will be determined by how traders weigh the fundamental factors. Equally – means a sideways trade. More worries about supply – an upside bias. Greater worries over demand, a downside bias.

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