Forecasts & Analysis | Forex, Page

  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Whipsaw but Volatility Remain Elevated

    Natural gas prices continued to whipsaw declining by more than 7% on Tuesday. There was news that a least one hedge fund declared bankruptcy following last weeks surge in prices. The 18% one day price rise generate a short-squeeze for the ages. Cold than normal weather is expected to cover

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Ease as Dollar Stabilizes

    Gold prices edged lower on Tuesday as the dollar held steady. Traders took profits following 5-consecutive trading session for the yellow metal.  Yields continued to trade under pressure, which could help gold remain elevated. A softer than expected US Housing Starts figure along with weak building permits kept downward pressure

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets take a hammering again

    The S&P 500 continues to get hammered, as it seems like Wall Street is trying to come to grips with the idea of global slowing as far as the trade situation between the United States and Chinese is concerned, and of course corporate earnings. Beyond that, the market has to

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – silver market finds sellers

    Silver markets have formed a very bearish candle stick for the trading session on Tuesday, reaching towards the $14 level at this point from what I can see. The uptrend line that we previously had seen in this market has proven itself to be resistive, just as the 50 day

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets continue downward march

    WTI Crude OilThe crude oil markets have broken down significantly during the trading session, slicing through a major support level in the area of $55. Ultimately, I think that the market should continue to go down to $52.50 level underneath, and then perhaps even the $50 level after that. Rallies

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets hover

    Natural gas markets have kept again during the trading session on Tuesday, showing signs of exhaustion and confusion. I think that the market will eventually break down though, because we cannot levitate at these massive levels without a sense of bullish pressure. I think at this point, we have gotten

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets run into major resistance

    Gold markets of course react to a strengthening US dollar, something that we are starting to see during trading on Tuesday. The $1220 level looks to be resistive, and I think we are going to drift back towards the previous uptrend line. At this point, if we break down below

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar initially rallies but fails

    The US dollar initially tried to rally during the trading session on Tuesday but failed to continue to go higher. The market has significant support underneath though, as there is a major uptrend line underneath, which coincides nicely with the ¥112 level, an area of support that extends down to

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound continues to struggle

    The British pound went back and forth during the bulk of the trading session on Tuesday, as the markets took a bit of a breather after the massive volatility that we have been going through. Every time this market rallies, it seems to find reasons to sell off, and the

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound continues to chop

    The British pound went back and forth during the session on Tuesday, as the ¥145 level continues to offer a bit of resistance. That makes sense, because it is the bottom of a massive daily candle, it of course is a large come around, psychologically important number. I think at

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro fails at major resistance level again

    The Euro initially tried to rally during trading on Tuesday but continues to fail near the 1.15 handle. This is an area that of course has a certain amount psychological importance to it, but it also is an area that has structural importance to it. I think that the market

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar falls

    The Australian dollar fell a bit during the trading session on Tuesday, reaching down to the 0.7250 level, an area that has been important more than once. I think that if we can break down below the bottom of the candle stick for the trading session on Tuesday, then the

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – November 20, 2018 Forecast

    December E-mini NASDAQ-100 Index futures are trading sharply lower shortly after the cash market opening. The intense selling pressure took out the October bottom and the April 25 bottom. The “FAANG” stocks continued to get pounded by sellers, driving them further into bear market territory, which means they are all

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – November 20, 2018 Forecast

    December E-mini Dow Jones Industrial Average futures are trading sharply lower shortly after the opening on Tuesday. The Dow is trading on the weak side of a series of retracement levels, putting it in a bearish position.Daily December E-mini Dow Jones Industrial AverageDaily Swing Chart Technical AnalysisThe main trend is

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – November 20, 2018 Forecast

    December E-mini S&P 500 Index futures are expected to open lower based on the early trade. Momentum is clearly to the downside after the index crossed to the weak side of several retracement levels that were previously providing support.Daily December E-mini S&P 500 IndexDaily Swing Chart Technical AnalysisThe main trend

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for November 20, 2018

    The Euro is trading lower Tuesday after giving back earlier gains. A sell-off in the European equity markets and new concerns over Italian banks is pressuring the single-currency. A surge in the U.S. Dollar due to safe-haven buying is also driving buyers out of the Euro.At 1300 GMT, the EUR/USD

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  • Anil Panchal
    Anil Panchal

    Technical Outlook For EUR/USD, AUD/USD, USD/CAD & USD/CHF: 20.11.2018

    EUR/USDNot only 50-day SMA but seven-month old descending resistance-line also stand tall to challenge the EURUSD’s recent recovery, which in-turn flash chances of the pair’s pullback to 1.1370-65 and then to the 1.1300 supports. In case prices continue to decline past-1.1300, the 1.1215 and the 61.8% FE level of 1.1120

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  • Lukman Otunuga
    Lukman Otunuga

    Rand Weakens on Market Caution, SA Inflation Figures under the Radar

    Open your FXTM account todayMost major emerging market currencies were on the back foot during Tuesday’s trading session as trade tensions, Brexit-related uncertainty and overall market caution dented risk sentiment. A stabilizing Dollar compounded downside pressures with currencies like the South African Rand, Turkish Lira, and Russian Ruble feeling the

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Strengthens Over $4.431, Weakens Under $4.557

    Natural gas is trading lower on Tuesday shortly before the regular session opening. The early weakness has filled in the gap formed on Monday’s opening. The market is currently straddling a short-term technical retracement zone. Trader reaction to this zone should determine the direction of the market the rest of

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – OPEC Looking to Cut Up To 1.4 Million Bpd of Output

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading mixed shortly before the regular session opening on Tuesday. The markets are being underpinned by expectations that OPEC will propose new production cuts, but prices are being capped by heightened volatility and another sell-off in the stock market.At

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