Forecasts & Analysis
Gold Price Prediction – Prices Rise Despite a Gain in the Dollar
Prices are forming a cup and saucer continuation pattern
S&P 500 Price Forecast – Stock Markets Continue To Look Bullish
The S&P 500 did almost nothing on the electronic exchange during the session on Monday as it was Martin Luther King Jr. Day in the United States, which means that the underlying index wasn’t trading.
Silver Price Forecast – Silver Markets Adrift On Major Holiday
The silver markets did very little during the trading session on Monday, as it was Martin Luther King Jr. Day in the United States. At this point, it looks like the market is more than willing to hang out in this area and “kill time”, which could tell us what
Crude Oil Price Forecast – Crude Oil Markets Slump
Crude oil markets were a bit sluggish during the trading session on Monday, but with a lack of volume due to the Martin Luther King Jr. holiday, it’s not a huge surprise that we didn’t really go anywhere.
Natural Gas Price Forecast – Natural Gas Markets Fall But Recover
Natural gas markets fell a bit during the open on Monday, reaching down to fresh, new extended lows. However, we have bounced a bit later in the day, so that does show at least some semblance of buying.
Gold Price Forecast – Gold Markets Quiet On Major Holiday
Gold markets did very little during the trading session on Monday, as the Americans were celebrating Martin Luther King Jr. Day. That being said, we are at extreme highs and it looks like we are ready to “kill time” in order to build up pressure again.
USD/JPY Price Forecast – US Dollar Continues To Grind Against Japanese Yen
The US dollar has rallied a bit against the Japanese yen early on Monday, as we continue to see strength in general. At this point, the market will more than likely find buyers on dips as we have clearly broken through a major level at one point last week.
GBP/USD Price Forecast – British Pound Clings To Major Round Figure
The British pound initially fell during the trading session on Monday but did recover a bit as we are starting to test the 1.30 level. The uptrend line is coming into play as well, although we are just short of the 50 day EMA.
GBP/JPY Price Forecast – British Pound Recovers Against Japanese Yen
The British pound initially gapped lower on Monday, but then turned around to show signs of strength. At this point, the gap has been filled, and it looks as if it is trying to continue going higher.
EUR/USD Price Forecast – Euro Softens
The Euro rallied a bit during the trading session on Monday but ran into a ton of trouble at the 1.11 handle, and then dropped. However, we have seen to try to recover since then as well.
