Forecasts & Analysis
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 8th, 2021
It’s a bullish start to the day for the majors after yesterday’s late rally. Steering clear of the pivot levels would leave resistance levels in play.
European Equities: German Industrial Production and China in Focus
It’s a relatively quiet start to the week. German industrial production figures will be in focus. Ahead of the open, trade data from the weekend and chatter from China will set the tone.
Natural Gas Price Fundamental Weekly Forecast – Needs More than Strong LNG Demand to Turnaround This Market
The direction of the market next week is likely to be determined by trader reaction to $2.706 to $2.622.
AUD/USD and NZD/USD Fundamental Weekly Forecast – Higher-Risk Currencies Could Benefit from COVID Relief Bill
The potential market moving event this week occurred over the weekend when the U.S. Senate passed a $1.9 trillion coronavirus relief package.
USD/JPY Fundamental Weekly Forecast – Direction Hinges Upon Bond Trader Reaction to COVID Relief News
We could see profit-taking this week as traders prepare for the release of the U.S. Federal Reserve’s monetary policy decisions on March 17.
U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 92.310, Weakens Under 91.705
Friday’s price action suggests the direction of the March U.S. Dollar Index on Monday will be determined by trader reaction to 92.310.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Formed Potentially Bullish Reversal Bottom on Friday
The closing price reversal bottom chart pattern indicates the direction of the index on Monday will be determined by trader reaction to 12797.00.
Gold Price Futures (GC) Technical Analysis – Strong Move Over $1711.70 Could Mean Gold Hit Bottom on Friday
The direction of the April Comex gold market on Monday is likely to be determined by trader reaction to the major Fibonacci level at $1711.70.
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