Forecasts & Analysis

We had mentioned in our forecast yesterday that the bitcoin prices are likely to consolidate and range near their range highs in the short term and that is what has been happening over the past 24 hours. We are back near the highs of its range, where we were at the beginning of the month, … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue Consolidation

The German index fell initially during the day on Monday, but found enough support to bounce again. However, we are starting to see selling pressure again and it looks as if we’re going to chop around with a negative bias. There is a massive amount of support near the €12,000 level, and a breakdown below … Continue reading DAX Index Price Forecast July 25, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 market sold off initially on Monday, but interestingly enough found enough support at the 21,500 level to turn around and form a bit of a supportive candle on the hourly chart. I believe we are going to see a lot of bullish pressure in this area, or at … Continue reading Dow Jones 30 and NASDAQ 100 Forecast July 25, 2017, Technical Analysis

The S&P 500 initially fell on Monday, but continue to find support near the 2465 handle. Because of this, I think the market will bounce eventually, as this is an area that should be well supported. I think that the market will probably go looking towards the 2470 handle, and then the 2475 handle. Remember, … Continue reading S&P 500 Price Forecast July 25, 2017, Technical Analysis

The FTSE 100 fell hard during the Monday session, slicing through the 7400 level, and reaching towards the 7350 level. It looks as if the FTSE 100 will continue to try to break down, but I see a significant amount of support near the 7300 level. If we broke above the 7220 level, at that … Continue reading FTSE 100 Price Forecast July 25, 2017, Technical Analysis

Silver markets continue to bounce around the $16.50 level during the day on Monday, as traders came back from the weekend. The market still looks very bullish, and the 24-hour exponential moving average continues to offer dynamic support. Ultimately, the market should continue to grind its way to the upside as the US dollar is … Continue reading Silver Price Forecast July 25, 2017, Technical Analysis

The GBPUSD pair has consolidated and ranged over the past 24 hours but so far, it looks to be well supported. This could imply that the pair is getting ready to make a move upwards as we are seeing some strong support in the 1.30 region but with the month end looming ahead and with … Continue reading GBP/USD Daily Fundamental Forecast – July 25, 2017

WTI Crude Oil The WTI Crude Oil market went sideways initially on Monday, but then bounced as it was announced that the sallies were anticipating cutting back on production drastically. This caused the market to rally rather significantly midmorning in Europe, and the market has hung on to the game since then. However, it is … Continue reading Crude Oil Price Forecast July 25, 2017, Technical Analysis

Natural gas markets gapped lower at the open on Monday, and then rallied enough to fill that gap. We are approaching the 24-hour exponential moving average as I record this video, which could cause a bit of resistance. I also believe that the $3.00 level above should continue to offer quite a bit of resistance … Continue reading Natural Gas Price Forecast July 25, 2017, Technical Analysis

Gold markets initially fell on Monday, but found enough support just above the $1250 level to bounce and break above the $1255 level. It now looks as if the markets are trying to go higher, and I believe it’s only a matter of time before the buyers get involved when we pull back. Pullbacks should … Continue reading Gold Price Forecast July 25, 2017, Technical Analysis

The USD/JPY pair fell initially during the day on Monday, within rallied a bit. It fell again, and then rallied again. It looks as if we are trying to make some type of stand near the 111 level, which would make sense as it is a large, round, psychologically significant number. However, the markets found … Continue reading USD/JPY Forecast July 25, 2017, Technical Analysis

The USD/CAD pair broke down significantly during the early part of the trading session on Monday, breaking below the 1.25 handle. The 1.25 level of course is a significant round number, and of course will attract a lot of attention. However, when I look at the longer-term chart it’s obvious that there is a significant … Continue reading USD/CAD Forecast July 25, 2017, Technical Analysis

The New Zealand dollar fell slightly at the beginning of the session on Monday, but continues to find support at the 0.74 handle. However, it looks as if the market is ready to grind sideways and therefore I think that it’s only a matter of time before we find buyers. The market will have to … Continue reading NZD/USD Forecast July 25, 2017, Technical Analysis

The British pound initially rally during the Monday session, but pulled back to the opening price in order to find buying pressure. It did, so therefore we continue to grind higher, and it looks as if the British pound is going to pick up against the US dollar. The British pound recently got hammered due … Continue reading GBP/USD Forecast July 25, 2017, Technical Analysis

The British pound went sideways against the Japanese yen for a majority of the session, but did get a bit of a reprieve early in the American session. The 145 level has offered a significant amount of resistance though, and we are currently seeing whether the market can continue to go higher. If it clears … Continue reading GBP/JPY Forecast July 25, 2017, Technical Analysis

The EUR/USD pair went sideways during the session on Monday, and broke down towards the 1.1625 handle underneath. The market finding support underneath is not much of a surprise, because it had been resistive. I believe that the buyers are going to jump back into this market, and then eventually push the EUR/USD pair much … Continue reading EUR/USD Forecast July 25, 2017, Technical Analysis

The EUR/GBP pair fell during the session on Monday, breaking down below the 0.8950 level. The market looks likely to go looking for the next previous resistance area at the 0.89 handle. I think at that point it should continue to show an area of interest. I believe that the market should find interest in … Continue reading EUR/GBP Forecast July 25, 2017, Technical Analysis

The Australian dollar initially when higher during the day and then pulled back on Monday as we continue to see volatility. The 0.80 level above should be massive resistance, but if we can break above there I feel that the market then goes looking for even higher levels. I recognize that it is a large … Continue reading AUD/USD Forecast July 25, 2017, Technical Analysis

The AUD/USD bounced back a little on Monday after Friday’s steep sell-off. The Forex pair is being supported by an optimistic outlook for higher interest rates due to the perception that the Reserve Bank of Australia has turned hawkish. Speculators developed this idea last week after the minutes of the RBA’s July 4 monetary policy … Continue reading AUD/USD Forex Technical Analysis – Pivot at .7931 Controlling Near-term Direction

It was a mixed and choppy day of trading in the markets in general with no specific direction. This was generally expected way of trading on the first day of the last week of the month. Generally, there is a lack of economic data and events during the last week of the month and so … Continue reading EUR/USD Daily Fundamental Forecast – July 25, 2017