Forecasts & Analysis

The EUR/USD surged to a one-year high early Wednesday before profit-taking and position-squaring fueled some intraday weakness. The sell-off may have been a reaction to comments from the European Central Bank which said the markets may have misinterpreted ECB President Mario Draghi’s comments on Tuesday, setting up a strong rally. Technical Analysis The main trend … Continue reading EUR/USD Mid-Session Technical Analysis for June 28, 2017

September E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The market is mounting a comeback after failing to take out a significant bottom at 2412.50. It’s now in retracement mode. Technical Analysis The main trend is up according to the daily swing chart. A trade through 2412.50 turns the … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – June 28, 2017 Forecast

Euro/Dollar has been slowly trending higher to trade point 33% in the green at noon. The pair has attracted 46% more than typical funds and sentiment of the traders is neutral, 1% short. Gradual rise suggests a successful start of the day is more likely for those who had long positions. Pound/Dollar has walked in … Continue reading Midday Forex Snapshot – June 28, 2017

The Pound has gained early this week and finds itself near important mid-term resistance against the U.S Dollar. The British currency has recovered well since the surprise results of the U.K general election and its stability has attracted speculative buying in the short-term. Pound’s Short-Term Recovery The Pound has provided traders a solid price recovery … Continue reading Tactics and Analysis, June 28, 2017 – Pound Proves Stable & Strong

AUD/USD Even if a week-long ascending trend-line portrays AUDUSD’s strength, the pair repeatedly fails to clear downward slanting trend-line, at 0.7615 now, which in-turn indicates brighter chances for the pair’s pullback to 0.7560 on the break of 0.7585 TL support. During the pair’s extended downside below 0.7560, the 0.7535 may offer intermediate stop before reigniting … Continue reading Important AUD Pair’s Technical Overview: 28.06.2017

Unexpectedly hawkish Draghi brings volatility on the market and helps the EUR bulls to set yearly highs on many currency pairs. EURUSD combined the fundamentals (Draghi) and technical analysis ( iH&S formation). The price climbed sharply. We came back above the mid-term up trendline and used this momentum to break the 1.129 resistance. In my … Continue reading Nice setups on the EURUSD, USDCAD and Gold

We had mentioned in our forecast yesterday that the bitcoin prices are likely to fall further on fundamental and technical factors and this is what we saw for the first half of the day yesterday. But this was soon followed by  a recovery in the prices which has since pushed the prices steadily higher on … Continue reading Bitcoin Price Forecast – Focus on the Dollar

Good morning traders, you’re watching the Primary Daily Trading Signals for Wednesday. Bullish signals prevail across the chart for the Euro/Dollar, which sees 5 buy prompts in the short-term, 6 in the mid-term and no less than 8 in the long-term, and they indeed are very much in line with the interbank, which stands at … Continue reading Forex Trading Signals – June 28, 2017

The last 24 hours have brought some notable shakeups in the markets, so let’s see where the support and resistance levels stand this Wednesday morning. Euro/Dollar surged yesterday as Mario Draghi struck a surprisingly hawkish note, and it now has R1 of 1 14 and S1 of 1 1350. A 12 month high is now … Continue reading Wednessday Support and Resistance Levels – June 28, 2017

Gold Gold prices spent the day in a form of consolidation which should come as a surprise to the bulls who would have expected the prices to move up very strongly on the back of some dollar weakness that we have been seeing over the last 24 hours. We have also seen the stock markets … Continue reading Commodities Daily Forecast – June 28, 2017

S&P 500 The S&P 500 went sideways initially on Tuesday, but then dipped yet again. However, we continue to find support near the 2430 handle, and the market rallied towards the 2440 handle. I believe if we can break above the top of the range for the day, the market should then reach to the … Continue reading Major US Indices Forecast, June 28, 2017, Technical Analysis

GBP/USD: Pound Continues to Gain Bank of England Governor Mark Carney said the U.K central bank is prepared for all scenarios regarding Brexit ramifications yesterday. The Pound gained against the U.S Dollar and has traversed above the 1.28 mark. Mark Carney will be speaking again today in Portugal. The Pound has done well early this … Continue reading Daily Market Forecast, June 28, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

EUR/USD The pair shot up higher and showed a bullish trend. Going forward, traders can expect the market to go higher. Due to the ECB President Draghi’s speech on monetary policy coupled with the central bank’s events in the United States, the dollar fell and caused the Euro to rise higher in the last 24 … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – June 28, 2017

September E-mini NASDAQ-100 Index futures are under pressure early Wednesday for a third session this week. The selling is being fueled by aggressive selling of technology stocks. The index is now trading lower for the month. This puts it in a position to post a potentially bearish closing price reversal top on the monthly chart. … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – June 28, 2017 Forecast

USDCAD’s fall from the May 5 high of 1.3793 extended to as low as 1.3137 and broke below the bottom support trend line at 1.3230 of the price channel on its weekly chart, suggesting that the uptrend from the May 2016 low of 1.2460 had completed at 1.3793 already. On the downside The USDCAD pair … Continue reading USD/CAD Broke Below Channel Support On Weekly Chart

The major U.S. stock indexes finished lower on Tuesday as investors reacted to weakness in the tech sector and the news that the Republicans postponed the vote on healthcare reform until after the July 4 recess. In the cash market, the benchmark S&P 500 Index closed at 2419.38, down 19.69 or -0.81%. The blue chip … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Downside Momentum is Building

The German index gapped lower at the open on Tuesday, and then drove down to the €12,650 level. The market found a little bit of support in that area, and as a result I think that the market will probably try to fill the gap. Longer-term, I do like the DAX in general, as it … Continue reading DAX Index Price Forecast June 28, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 fell twice during the day on Tuesday, but continues to find support near the 21,370 level. Ultimately, if we can break out above the top of the range during the session on Tuesday, I believe that the market continues to go to the upside, perhaps reaching towards the … Continue reading Dow Jones 30 and NASDAQ 100 Forecast June 28, 2017, Technical Analysis

The S&P 500 went sideways initially on Tuesday, but then dipped yet again. However, we continue to find support near the 2430 handle, and the market rallied towards the 2440 handle. I believe if we can break above the top of the range for the day, the market should then reach to the upside. I … Continue reading S&P 500 Forecast June 28, 2017, Technical Analysis

The FTSE 100 fell initially during the day on Tuesday, but then bounced enough to wipe out all the losses, only to turn right back around. It looks as if we are trying to consolidate just above the 7400 level, as the 7450 level above is resistance. The market continues to go back and forth, … Continue reading FTSE 100 Price Forecast June 28, 2017, Technical Analysis