Forecasts & Analysis

As expected, the bitcoin prices have been ranging and consolidating around the $2500 mark over the past 24 hours and this is expected to continue in the short term. We also have an impending “fork” about the happen in the bitcoin industry on August 1 and it remains to be seen whether that is indeed … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue to Consolidate

The DAX index rose during the start of the session yesterday, something which we had pointed to, in our forecast and it did spend quite a bit of time above the 12300 region but later corrected towards the end of the day and closed the day below 12300 once again. The index seems to be … Continue reading DAX Index Daily Fundamental Forecast – July 27, 2017

The German index did rally a bit at the open on Wednesday, but then sat still at the €12,300 level. We have recently bounced a bit, and it looks like we are trying to find her footing again. There is a bit of a barrier at the €12,500 level, but if there’s any index that … Continue reading DAX Index Price Forecast July 27, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 initially rocketed to the upside during the day on Wednesday, but found enough resistance near the 21,725 level to turn around. Ultimately, everybody pulled back as they were awaiting the FOMC statement. In the end, the statement ended up being more of the same, and now that we … Continue reading Dow Jones 30 and NASDAQ 100 Forecast July 27, 2017, Technical Analysis

S&P 500 traders initially tried to rally during the day on Wednesday, but then pulled back as we got close to the FOMC statement. In a nutshell, the statement said absolutely nothing new, and this seemed to have offered a bit of comfort for traders as we rallied again. It looks as if the market … Continue reading S&P 500 Price Forecast July 27, 2017, Technical Analysis

The FTSE 100 index shot higher during the day on Wednesday, and then pulled back to mute some of the gains. However, I think that we are going to continue to go higher, and reach towards the 7500 level. I believe that the market continues to reach above there as well, as the market is … Continue reading FTSE 100 Index Price Forecast July 27, 2017, Technical Analysis

Silver markets continue to jump around during the Wednesday session, as the $16.50 level has offered a bit of resistance. If we can break above the $16.60 level, I feel at that point that Silver can continue to go much higher, perhaps reaching towards the $17 level, and even beyond that. I do believe in … Continue reading Silver Price Forecast July 27, 2017, Technical Analysis

WTI Crude Oil The WTI Crude Oil market went sideways initially during Wednesday trading, but found buyers underneath. Because of this, looks as if the buyers are ready to jump back into this market and continue to push towards the $49 level. I ultimately am waiting to see the market reach towards the $50 level, … Continue reading Crude Oil Price Forecast July 27, 2017, Technical Analysis

Natural gas markets initially tried to rally during the Wednesday session but fell apart as the $2.95 level seem to be a bit too rich for traders to hang onto. Because of this, I believe that we will continue to see selling pressure, and it’s only a matter of time before we make a fresh, … Continue reading Natural Gas Forecast July 27, 2017, Technical Analysis

Gold markets drifted a little bit lower pre-FOMC on Wednesday, as we continue to bounce around the $1250 level. Ultimately, it looks as if the gold markets are getting ready make a $50 decision, as we are in the middle of massive consolidation. At the lower end of the consolidation is the $1200 support level, … Continue reading Gold Price Forecast July 27, 2017, Technical Analysis

The United States dollar initially fell against the Japanese yen but then turned around to show signs of strength later in the day. As we wait the FOMC meeting, the question now remains whether the Federal Reserve will raise interest rates. Quite frankly, looks as if the US dollar has already made up its mind, … Continue reading USD/JPY Forecast July 27, 2017, Technical Analysis

The USD/CAD pair went sideways initially during the course of the session on Wednesday, as the world awaited the FOMC statement. We are hovering just above the 1.25 handle, and that of course is a very important level. If we can break down below there, the market will probably go looking for the 1.24 handle … Continue reading USD/CAD Forecast July 27, 2017, Technical Analysis

The New Zealand dollar had a choppy session on Wednesday as the world waited the FOMC statement. Ultimately, there is very little expected to change, and I believe at this point that the market will eventually try to go higher and reach towards the 0.75 handle. The 0.74 level underneath should be supportive, but a … Continue reading NZD/USD Forecast July 27, 2017, Technical Analysis

The GBP/USD pair initially went sideways during the session on Wednesday, but found the 1.30 level to be supportive enough to continue to push this market to the upside. I think that the market will eventually try to break out, but with the FOMC announcement coming out later during the Wednesday session, the markets were … Continue reading GBP/USD Forecast July 27, 2017, Technical Analysis

The British pound went sideways initially against the Japanese yen, but then broke out to the upside as we started to clear the 146.25 handle. It looks like the market can go to the 146.75 handle rather quickly, and that perhaps even to the 147.5 handle above which has been massive resistance in the past. … Continue reading GBP/JPY Forecast July 27, 2017, Technical Analysis

The EUR/USD pair did very little initially during the day on Wednesday as we awaited the FOMC statement. Ultimately, the market looks as if it is stock in some type of consolidation between the 1.1625 level on the bottom, and the 1.17 level above. If we can break higher, and I think that is the … Continue reading EUR/USD Forecast July 27, 2017, Technical Analysis

The EUR/GBP pair rolled over a bit during the day on Wednesday, as we reached towards the 0.89 handle. However, this is an area that could offer a bit of support, so a bounce in here would not be a huge surprise. Even if we did drop from here, I am not interested in selling, … Continue reading EUR/GBP Forecast July 27, 2017, Technical Analysis

The Australian dollar fell initially during the day on Wednesday, but found enough support at the 0.7880 region to turn around and bounce. As we await the FOMC minutes later in the day on Wednesday, I believe that there is an obvious trade to be had in this market place if you are patient enough … Continue reading AUD/USD Forecast July 27, 2017, Technical Analysis

We had mentioned in our forecast yesterday that the support region in the GBPUSD pair seems to have risen from the 1.28 region to the 1.30 region and that this region would be the line in the sand going forward. This turned out to be correct as we saw the pair use this region as … Continue reading GBP/USD Daily Fundamental Forecast – July 27, 2017

The EURUSD pair took off on the next leg of its bullish run, something which seemed to be only a matter of time over the last few days when the pair was seen to be correcting. The pair seems to be in a tearing hurry to make full use of the weakness in the dollar … Continue reading EUR/USD Daily Fundamental Forecast – July 27, 2017