Forecasts & Analysis, Page

The commodity-linked Australian and New Zealand Dollars were pressured on Friday as oil prices fell after Russia and Saudi Arabia said they were ready to ease production curbs that have supported crude prices.On Friday, the AUD/USD settled at .7547, down 0.0030 or -0.40% and the NZD/USD finished the session at

The major U.S. stock indexes finished mixed on Friday, but were still able to hold on to their weekly gains. Solid corporate earnings helped underpin the indexes, but gains were limited by geopolitical fears following President Donald Trump’s decision to cancel a key summit with North Korea.In the cash market,

The Dollar/Yen closed slightly better on Friday on light trading ahead of the long U.S. holiday weekend. Profit-taking after a steep three-day sell-off was also likely behind the move. The Forex pair posted an inside move which suggests investor indecision and impending volatility.The USD/JPY settled at 109.385, down 0.134 or

It was a very volatile last week for the DAX index as the bulls struggled to hold on to their gains over the past week. But for those who had been following the index closely, it was not much of a surprise as we had been warning in many of

The USDCAD pair rose higher during the course of the week, basically recovering all the losses that it had suffered in the previous week. The fact that the oil prices have moved lower and the dollar continues to trade in a strong manner are the 2 main reasons why we

We had mentioned in our forecast last week that the pound had begun to buckle under the pressure from the dollar and had managed to hold out to dollar for sometime but the bulls were slowly losing hope. We saw a follow up of that in the last week as

The EURUSD continued to weaken through the week that has passed us by as the data from the Eurozone continued to be weak and choppy and this has pushed the prices towards the 1.16 region during this period. We also saw the dollar continue with its strength though the Fed

Bitcoin Cash Woes ContinueBitcoin Cash saw red again on Friday, sliding 5.95% to end the day at $1,008.9, partially reversing Thursday’s 8.05% recovery.There was little upside through the day, with Bitcoin Cash giving up $1,000 levels mid-morning with an intraday low $980, calling on support at the day’s first major

ETH/USDThe Ethereum markets fell against the greenback during the trading week, breaking through the bottom of a couple of hammers on the weekly chart. That’s an extraordinarily negative sign, and it shows that we will continue to struggle to find any signs of strength. I think that the markets will

BTG/USDBitcoin Gold fell again during the week, slicing through the psychologically important $50 level, and now looks likely to test major lows that occurred just two months ago. If we break down below that swing low, then the market is free to unwind, perhaps down to near zero. I think

BTC/USDBitcoin markets broke down significantly during the week, slicing through the bottom of the hammer from the previous week, and the vital $8000 level. The market breaking down below the $8000 level is a significant turn of events, and it opens up the door to the $7000 level, followed by

The German index rallied initially during the week, struggling at the €13,200 level. We felt towards the €12,800 level, but I think there is significant support just below. I think if we can break down below the €12,750 level, the market will then go looking towards the €12,500 level after

Dow Jones 30The Dow Jones 30 initially trying to rally during the week but came back a lot of the gains as the 25,000 level continues to be resistance. Forming a shooting star of course is a negative sign, especially when you do it a couple of weeks in a

The S&P 500 has been quiet during the week, trading in a 40-point range. Remember that Monday is Memorial Day in the United States, so the markets will be very quiet into almost nothing with the exception of perhaps the CFD market. However, the underlying comes back to work on

The FTSE 100 initially tried to rally during the week but found enough resistance above the turn things back around and form a massive shooting star. That of course is a very negative sign, and I think that the market is ready to start falling again. I anticipate a move

Silver markets continue to go back and forth during the week, as we see the $16.50 level offer a bit of a fulcrum for price. I think that the market is essentially trying to build some type a basing pattern, so it is possible that we will eventually see an

WTI Crude OilThe WTI Crude Oil market initially trying to rally significantly towards the $73 level, before falling drastically and breaking through the $70 level. By slicing through the $70 level, it looks likely that we will continue to drift lower, perhaps looking for the next major support level at

Natural gas markets initially fell during the week but found enough support at $2.80 level to turn around and show signs of strength. In fact, we rallied quite vigorously and towards the $3.00 level. This is an area that’s very likely to offer a lot of resistance though, so I

Gold markets initially fell during the week but found enough support at the uptrend line to turn around and continue the upside and go towards the $1350 level above which was massive resistance. The market has formed a major ascending triangle and should continue to drive the market to the

The US dollar of course has fallen against the Japanese yen during the week, forming what could be thought of as a “two-week shooting star.” There are couple of shooting stars before that as well, so I think what we are seeing is that the market is getting a bit