Forecasts & Analysis | Technical, Page 1

  • David Becker
    David Becker

    Natural Gas Price Analysis for January 19, 2018

    Natural gas prices consolidated at elevated levels above 3.20, holding above support near a downward sloping trend line at 3.12.  Resistance is seen near the weekly highs at 2.288. Prices are forming a bull flag continuation pattern near resistance and a break could lead to a test of the May

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  • David Becker
    David Becker

    Gold Price Analysis for January 19, 2018

    Gold prices consolidated but made a lower low holding near support at the 10-day moving average at 1,326. A weaker dollar following soft U.S. housing data weighed on the dollar and buoyed gold prices.  Resistance on the yellow metal is seen near the September highs at 1,352.  Positive momentum has

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  • David Becker
    David Becker

    Crude Oil Price Analysis for January 19, 2018

    Crude oil prices edged lower on Thursday following the Department of Energy’s report on inventories that were delayed a day due to the MLK holiday.  Despite robust distillate demand and a draw in inventories, prices remained nearly unchanged. While crude oil and distillate fuels saw reduction in stocks, gasoline supplies

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  • David Becker
    David Becker

    EUR/USD Daily Technical Analysis for January 19, 2018

    The EUR/USD continued to consolidated at higher levels, following housing number in the Eurozone that showed inflation was accelerating. While U.S. jobless claims dropped showing employment strength, housing sales tumbled which weighed on the greenback.TechnicalsThe EUR/USD rebounded from session lows closing up on the day, and forming an inside day

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 18, 2018 Forecast

    March E-mini Dow Jones Industrial Average futures are expected to open steady based on the pre-market trade. The range was tight and volume was low during the early session. Dow futures reached a record high early Thursday, but there wasn’t much of a follow-through to the upside. Investors may be

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – January 18, 2018 Forecast

    March E-mini NASDAQ-100 Index futures are called lower based on the pre-market trade. Investors may be on edge, as concerns over a possible government shutdown weighs on sentiment.Daily March E-mini NASDAQ-100 IndexDaily Technical AnalysisThe main trend is up according to the daily swing chart. However, the market is trading inside

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  • James Hyerczyk
    James Hyerczyk

    US Dollar Index (DX) Futures Technical Analysis – January 18, 2018 Forecast

    March U.S. Dollar Index futures are trading unchanged after giving up all of its earlier gains. A rally in the Euro is contributing the most to the weakness.Mixed U.S. economic data didn’t help the cause either. Building permits came in slightly better than expected at 1.30 million units, but housing

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – January 18, 2018 Forecast

    The AUD/USD is trading higher on Thursday, but inside yesterday’s range. This indicates investor indecision and impending volatility. Investors remain driven by appetite for risk.Early Thursday, Australia’s Employment Change report showed the economy added more jobs than expected last month. However, the Unemployment Rate increased from 5.4% to 5.5%.Traders aren’t

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 18, 2018 Forecast

    February Comex Gold futures are trading lower as we head into the rollover into the April futures contract. A stronger U.S. Dollar is encouraging investors to take profits after the 22 session rally. Traders will be watching today’s U.S. economic reports and the price action in the Treasury market for

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  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Decision Time: Straddling Pair of Key 50% Levels

    March West Texas Intermediate crude oil futures are trading slightly higher shortly before the regular session opening. Volume is light and the range tight. Indicating investor indecision and impending volatility. Traders appear to be indecisive as the market straddles a pair of 50% levels.Late Wednesday, the American Petroleum Institute reported

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – January 18, 2018 Forecast

    March E-mini S&P 500 Index futures are trading nearly flat during the pre-market session. Volume is below average and the range is tight. Trader indecision appears to be behind the price action.Traders could be on edge, as concerns over a possible government shutdown weighs on sentiment.Daily March E-mini S&P 500

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  • Anil Panchal
    Anil Panchal

    Technical Update For USD/CHF, GBP/CHF, NZD/CHF & CAD/CHF: 18.01.2018

    USD/CHFConsidering the strength of three-month old descending trend-channel’s support, coupled with oversold RSI, the USDCHF’s latest U-turn from 0.9665 might find it hard to stretch its decline beneath the 0.9560 rest-point. However, break of 0.9560 can quickly trigger the pair’s south-run towards 0.9525 and then to the 0.9500 support-marks, which

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  • Yaron Mazor
    Yaron Mazor

    Brexit Whispers Having an Impact

    The Pound is above 1.38 and Brexit whispers from the U.K political sphere are having an impact.Additional Gains for the PoundThe Pound made additional gains yesterday and is above the 1.38 juncture against the U.S Dollar.GBP/USD 1H ChartThe ability of the British currency to add value, even as the U.S

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for January 18, 2018

    The EUR/USD is trading higher shortly before the U.S. opening. The Forex pair traded lower early in the session, but mounted an intra-day comeback after a successful test of a major 50% level. The direction of the market the rest of the session will be largely influenced by the movement

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  • Jessica Walker
    Jessica Walker

    Forex Trading Signals – January 18, 2018

    You’re watching the Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT.Most of the indicators are neutral for the Euro/Dollar in both the short and long terms. Mid term shows mixed results with 4 sell and 4 neutral prompts and the 42%

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Correction on FTSE and Gold. USDJPY with a very nice Head and Shoulders patter

    Gold breaks the mid-term up trendline but the downswing stops on the 1324 USD/oz. There is a chance for a bigger reversal but first, the price needs to break this support. If that will happen, next target will be around the 1300 USD/oz.USDJPY created a trend reversal pattern – head

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  • Jack William Everitt
    Jack William Everitt

    Thursday Support and Resistance Levels – January 18, 2018

    Hello, traders, let’s see where the Support and Resistance Levels stand this Thursday morning.Euro/Dollar is trading in the range limited by R1 of 1 2250 and S1 of 1 2190.Bollinger Upper Band is among the 6 studies for R2, and the lowest resistance line has found 3 matches. R3 is

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  • R Ponmudi
    R Ponmudi

    Gold Daily Analysis – January 18, 2018

    Gold prices remained close to four-month high on Wednesday but trade lower on Thursday morning as the precious metal seems to correct the uptrend move. Gold is trading at $1328, down 0.77%.Deutsche Bank commented to gold prices: “We expect gold will shrug off worries of fundamental downside amidst the unwind of accommodative

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 17, 2018

    GoldThe gold prices pulled back during the yesterday’s session as it found enough resistance to continue moving higher towards the $1350 level. The market is expected to remain volatile as it trying to build up enough momentum to continue higher and every pullback in this market will continue to offer

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  • Colin First
    Colin First

    EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 18, 2018

    EUR/USDThe pair initially tried to rally higher during the Wednesday’s session but then broke down towards the 1.22 level underneath as it faced resistance at the top. The market is likely to be in a back and forth movement before it attempts to make a fresh new high above 1.25

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2239
+0.0060
+0.49%
GBPUSD
GBP/USD
1.3899
+0.0076
+0.55%
XAUUSD
Gold
1327.3
-0.9900
-0.07%
CL
Crude Oil
63.785
-0.3950
-0.62%
SPX
S&P 500
2797.7
-8.0000
-0.29%
DAX
DAX 30
13269.5
+42.500
+0.32%
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