Forecasts & Analysis | Daily, Page

  • Colin First
    Colin First

    Forex Daily Outlook – September 20, 2018

    EUR/USDThe Euro initially rallied during the day on Wednesday but is facing stiff resistance at the neckline of an inverse head and shoulders pattern that is formed on the daily chart. Because of this, the market is likely to remain skittish and traders will wait for a clear signal. The

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices Peep Higher

    There has been an increasing talk of whether the bottom is in for the BTC market and the other crypto prices as well. The talk has been growing over the last few days and the consolidation and the ranging that we have been seeing has only added some more fuel

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  • Colin First
    Colin First

    DAX Index Price Forecast -DAX to Trade Range Bound on Mixed Global Cues Amid Increased Risk Appetite

    Germany equities were mixed at the close on Wednesday, as gains in the Basic Resources, Chemicals and Construction sectors propelled shares higher while losses in the Utilities, Media and Financial Services sectors led shares lower. At the close in Frankfurt, the DAX added 0.50%, while the MDAX index lost 0.01%,

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – September 20, 2018 Forecast

    The Australian Dollar is trading lower and inside yesterday’s range early Thursday following the release of the latest RBA Bulletin. Today’s bulletin highlighted the risks the Consumer Discretionary sector is facing amid increased competition, slow growth in consumer spending, plus the changes in consumer preferences. The RBA Bulletin also showed

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  • Colin First
    Colin First

    GBP/USD Daily Price Forecast – GBP/USD Flat Ahead of UK retail sales release On Brexit Woes

    The GBP/USD pair printed an intraday high and low of 1.3125 and 1.3098 yesterday before closing on a flat note at 1.3144. Essentially, the currency pair charted a big doji candle, which indicates indecision in the marketplace. The pair now moves on neutral stance on reports from Reuters that the

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  • Colin First
    Colin First

    EUR/USD Daily Price Forecast – EUR/USD Bulls Face Resistance at 1.17 As USD Caps Upward Move on Rising Bond Yields

    The EURUSD pair has been on upward biased range bound price action in recent past, however the pair has hit a blockade on its upward move around 1.17 handle. As of writing this article, the pair is trading at 1.1679 up 0.05% on the day and the pair needs to

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  • Bob Mason
    Bob Mason

    Stellar’s Lumen Technical Analysis – Support in Play – 20/09/18

    Key HighlightsStellar’s Lumen rose by 0.04% on Wednesday, following Tuesday’s 6.14% gain, to end the day at $0.20737.An early evening intraday low $0.1986 saw Stellar’s Lumen steer clear of the day’s first major support level at $0.1954.A late evening intraday high $0.21272 came up short of the day’s first major

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  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 20/09/18

    Bitcoin Cash Sees RedBitcoin Cash fell by 0.6% on Wednesday, partially reversing Tuesday’s 3.64% gain, to end the day at $430.A particularly choppy day saw Bitcoin Cash slide through the first major support level at $412.77 to an early afternoon intraday low and new swing lo $407.9 before recovering. An

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – S&P 500 volatile to kick off Wednesday session

    The S&P 500 is trying to break out to the upside, there’s no doubt about that. However, there are a lot of concerns around the world right now and that of course weighs upon the S&P 500. Paramount in the mind of traders will be the US/China trade relations, which

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets grind higher

    Silver markets continue to grind higher during the day on Wednesday, reaching towards the $14.30 level, the beginning of significant resistance. That resistance can be seen as reaching towards the $14.35 level, so I think there is a high likelihood that the sellers could return. However, be very cautious in

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets rally after inventory number

    WTI Crude OilThe WTI Crude Oil market has rallied significantly during the day on Wednesday, reaching towards the $70.50 level. However, we have not broken to a fresh, new high, and ultimately I think that this market will continue to be very choppy but it certainly looks as if it

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets run into brick wall

    Natural gas markets have tried to rally during the day on Wednesday but ran into a brick wall in the form of $2.95, which begins resistance all the way to the $3.00 above there. Because of this, I think it’s only a matter of time before we pull back, but

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets remain buoyant through volatility

    One thing that’s interesting about the precious metals markets right now is that they are starting to show ascending triangles. This of course are bullish sign, and I think that gold may try to break out. However, I am not confident enough to put levered money to work. Ultimately, I

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar struggles at trendline

    The US dollar has struggled a bit during the trading session after initially looking positive against the Japanese yen for Wednesday. There is a major downtrend line on the daily charts near the 112.50 level, and this seems to be a major barrier to overcome that is going to take

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound noisy

    Algorithmic bots jumped into the fray on Wednesday, pushing the British pound lower as a rumor got out that Teresa May wasn’t interested in the latest proposal by the EU involving the Irish border. However, it looks as if the market has gotten over that as we continue to dance

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – “The Dragon” runs into resistance

    So there’s a saying that markets are forward-looking, and roughly 6 months out. If you ever needed an example of that, the GBP/USD pair has been one. It has been anticipating a Brexit deal for some time now, and buyers continue to pick up the British pound “on the cheap.”

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro continues to test

    The EUR/USD pair continues to try to rally above the neckline of an inverse head and shoulders that I see on the daily charts, which is roughly centered and the 1.1720 level. The pattern is somewhat complex, so I’m not quite ready to throw a lot of money at it,

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Aussie roles forward

    There seems to be a bit of wishful thinking on the minds of traders when it comes to the US/China trade tariffs Pat. This is best summed up in the Australian dollar, which is highly sensitive to those intricacies. However, we trade the charts and not our thoughts, so I

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – September 20, 2018 Forecast

    Profit-taking and position-squaring drove the USD/JPY lower on Wednesday, following a prolonged move up in terms of price and time. The closing price reversal top chart pattern indicates the selling is greater than the buying at current price levels. If confirmed by follow-through selling on Thursday, we could see the

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD and NZD/USD Fundamental Daily Forecast – Investors Appear Little Shaken by Latest Round of Tariffs

    The Australian and New Zealand Dollars are trading higher on Wednesday as investors continue to express optimism that the trade conflict between the United States and China would end sooner-than-previously expected. Furthermore, Aussie and Kiwi traders appear to be little shaken by the latest round of tariffs announced by the

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