15 September 2018

Below you can find our 15 September 2018 posts archive, organized chronologically.
  • Bitcoin Cash, Litecoin and Ripple Daily Analysis – 15/09/18

    It’s a positive start to the weekend for the majors looking to recover some of the previous week’s losses, though key levels will need to be held.

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  • Bitcoin Board

    Bitcoin – $6,500 Struggles Return, the Bulls Needing a Breakout to $6,600

    Bitcoin’s on the rise early, while failing to hold on to $6,500 levels again in the early hours, which could deliver a reversal later in the day.

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  • AUD/USD daily chart, September 17, 2018

    AUD/USD Price Forecast – Australian dollar falls on Friday

    The Australian dollar initially tried to rally during the day on Friday but rolled over as the 0.72 level has offered a bit of resistance. Below there, I see support at the 0.7150 level, which of course has been important in the past.

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  • EUR/USD daily chart, September 17, 2018

    EUR/USD Price Forecast – Euro rolls over on Friday session

    The Euro rolled over during the day on Friday, as the 1.17 level has offered significant resistance. By doing so, it looks as if we are going to wipe out some of the recent gains. However, I do think there is support below that you should be paying attention to.

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  • GBP/USD daily chart, September 17, 2018

    GBP/USD Price Forecast – British pound struggles that major resistance barrier

    The British pound trying to break out from a longer-term perspective during the day on Friday but as reports came out that the Labour Party in the United Kingdom may vote against the Brexit deal, this spooked a lot of traders, and the market rolled over as a result.

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  • USD/JPY daily chart, September 17, 2018

    USD/JPY Price Forecast – US dollar rallies into major resistance

    The US dollar rallied during the trading session on Friday, reaching towards the ¥112 level, before seeing significant rally again. At this point, I think the market could pull back to look for more momentum to go higher. However, I also recognize that there are a lot of moving pieces right now.

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  • Gold daily chart, September 17, 2018

    Gold Price Forecast – Gold markets fall hard against US strength

    Gold markets fell during the trading session on Friday, reaching down towards the $1200 level as the US dollar got a bit of a boost during the day.

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  • Natural gas daily chart, September 17, 2018

    Natural Gas Price Forecast – natural gas markets fall hard on Friday

    Natural gas markets fell rather significantly during the trading session on Friday, reaching down towards the $2.76 level by midday in North America. This of course is a very negative sign, but more importantly, we are reaching towards a significant level that I have been paying attention to.

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  • Crude Oil daily chart, September 17, 2018

    Crude Oil Price Forecast – crude oil volatile for Friday session

    Crude oil markets were very volatile during the session on Friday, initially shooting straight up in the air, but then pulling back later on as more Chinese trade tariffs are feared.

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  • Silver daily chart, September 17, 2018

    Silver Price Forecast – Silver markets fall during Friday session

    The Silver markets have fallen a bit during the trading session on Friday, as the US dollar picked up a bit of steam. However, I think that the Silver markets are bearish regardless. Quite frankly, even when precious metals rally, silver seems to lag. Longer-term though, we are approaching a major support level in the form of $14.

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  • S & P 500 daily chart, September 17, 2018

    S&P 500 Price Forecast – stock markets mixed during Friday session

    The stock markets were very mixed during the Friday session as we got conflicting economic reports out of the United States. Quite frankly, I think a lot of this comes down to the market being a bit exhausted, and of course being a bit cautious about carrying risk into the weekend.

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  • AUD/USD weekly chart, September 17, 2018

    AUD/USD Weekly Price Forecast – Aussie dollar show signs of life

    The Australian dollar has rallied significantly during the week but has run into a buzz saw of interest by sellers near the 0.72 handle. The market certainly seems to be hovering around the 0.7150 level, an area that has been important more than once.

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  • EUR/USD weekly chart, September 17, 2018

    EUR/USD Weekly Price Forecast – Euro rallies for the week

    The Euro rallied initially during the week and reached towards the top of the shooting star from two weeks ago. The shooting star of course is a negative sign, so if we can break above that I think the market could go higher. However, we have pulled back on Friday and showing signs of more consolidation ahead.

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  • GBP/JPY weekly chart, September 17, 2018

    GBP/JPY Weekly Price Forecast – British pound rally significantly for the week

    The British pound rallied significantly for the week against the Japanese yen, as we approached a significant downtrend line. However, we have broken through the top of two shooting stars and as such we have a hint as to where we are heading next.

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  • GBP/USD weekly chart, September 17, 2018

    GBP/USD Weekly Price Forecast – British pound rallies but fails at major level

    The British pound rallied during the week, reaching towards the 1.3125 level, beginning of a flush lower on the daily charts. If we can break above that level on a daily close, this market could turnaround completely and go much higher.

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  • USD/JPY weekly chart, September 17, 2018

    USD/JPY Weekly Price Forecast – US dollar slams into major resistance

    The US dollar has rallied significantly during the week, reaching towards the downtrend line of the large consolidation triangle. At this point, it does look like we are going to try to break out, which could get some help from equities.

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  • Gold weekly chart, September 17, 2018

    Gold Weekly Price Forecast – Gold undecided for the week

    Gold markets went back and forth during the course of the week, showing a bit more in the way of upside momentum than down but ultimately closed relatively unchanged. The market looks likely to continue to be a bit noisy in general down here, because it was a low from before.

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  • Natural gas weekly chart, September 17, 2018

    Natural Gas Weekly Price Forecast – natural gas has an ugly week

    The natural gas markets initially tried to rally during the week, and at first looked very promising. The $2.85 area offered enough resistance to turn things back around and form a shooting star looking candle. Obviously, that’s a very negative turn of events but I see some hope on the horizon.

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  • Crude Oil weekly chart, September 17, 2018

    Crude Oil Weekly Price Forecast – crude oil markets rally during the week but fell at the same level again

    Crude oil markets rally during the week, but continue to struggle at the recent resistance, showing that the market simply does not have the necessary momentum yet. Eventually though, we could break out but it doesn’t look like longer-term traders have much to do in the short term.

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  • Silver weekly chart, September 17, 2018

    Silver Weekly Price Forecast – Silver markets go nowhere for the week

    Silver markets were rather quiet during the week, which is not much of a surprise considering that gold markets are also very choppy. Beyond that, silver is testing a major support level and a large, round, psychologically significant level.

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  • S & P 500 weekly chart, September 17, 2018

    S&P 500 Weekly Price Forecast – S&P 500 continues to consolidate

    The S&P 500 rallied during the week, wiping out the losses from the previous week. Overall, this is a market that looks as if it is trying to build up its momentum and go higher.

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  • GBP/JPY daily chart, September 17, 2018

    GBP/JPY Price Forecast – British pound runs into brick wall

    The British pound initially tried to rally during the day on Friday but rolled over as it was revealed that Labour is likely to vote against the Brexit deal. This of course has people worried about the British pound, so a pullback makes complete sense.

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  • US Economy

    U.S. Equity Markets Finished Mixed, 10-Year Yields Move Above 3 Percent in Relatively Quiet Sessions

    The indexes rose steadily throughout the week even after China said it was looking to seek permission from the World Trade Organization to inflict sanctions upon the U.S., and President Trump stated he was “ready to go” on hitting China with an additional amount of tariffs. The Commerce Department said Friday retail sales edged up 0.1 percent last month, the smallest rise since February. But July’s figures were revised higher to show sales rising 0.7 percent instead of the previously reported 0.5 percent gain. The yield on the benchmark 10-year Treasury note to better than 3 percent on Friday for the first time since August 2.

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  • Gold Bars and Dollar

    Gold, Crude Finish Week Higher Despite Rocky Two-Sided Trade

    Oil prices pulled back early Friday amid concerns additional U.S. tariffs would be placed on China, leading to a potential drop in demand. gold gave back most of its gains on Friday due to upbeat U.S. retail sales and consumer confidence reports. A report that President Trump told his aides to proceed with tariffs on about $200 billion worth of Chinese imports also rattled investors.

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