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Christopher Lewis
4 hours ago

DAX Index Forecast April 26, 2017, Technical Analysis

The DAX Index initially rallied on Tuesday but ran into quite a bit of trouble at the €12,500 level. This is a large, psychologically important number, so I think that sellers may enter the market and try to push the DAX lower to fill the gap. Because of this, I anticipate some softness over the … Continue reading DAX Index Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

Dow Jones 30 and NASDAQ 100 Forecast April 26, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 rallied significantly during the day on Tuesday, breaking out and towards the 21,000 level. I believe that pullbacks should continue to be buying opportunities, and although we are a little overextended currently, I think there is plenty of value left in the market, so I’m looking at pullbacks … Continue reading Dow Jones 30 and NASDAQ 100 Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

S&P 500 Forecast April 26, 2017, Technical Analysis

The S&P 500 continued the move higher during the session on Tuesday, as we reached towards the 2390 handle. I still believe that the market will probably reach towards the 2400 level above, but we have a gap below that still needs to get filled. So I think if we do see some of that … Continue reading S&P 500 Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

FTSE 100 Forecast April 26, 2017, Technical Analysis

The FTSE 100 went back and forth during the session on Tuesday, testing the 7300 level. That’s an area that was previous support, so would not be surprising at all to see a pullback from here. Breakdown below the 7200 level could send this market filling the gap, and that is quite common. A break … Continue reading FTSE 100 Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

Silver Forecast April 26, 2017, Technical Analysis

Silver markets initially tried to rally on Tuesday but found the $18 level to be a bit too resistive. By turning around and falling the way they did, it suggests that we are going to continue to grind lower. I think that there is a significant amount of support to be found at the $17.50 … Continue reading Silver Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

Crude Oil Forecast April 26, 2017, Technical Analysis

WTI Crude Oil The WTI Crude Oil market initially tried to rally during the Tuesday session, but found enough resistance at the $49.50 level to turn things around and form a bit of a shooting star shaped candle. Because of this, I believe that the market will continue to struggle, and I also believe that … Continue reading Crude Oil Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

Natural Gas Forecast April 26, 2017, Technical Analysis

Natural gas markets initially tried to rally during the Tuesday session but fell flat and ended up falling towards the $3.04 level. The 50 day and the 100-day exponential moving averages are just above, and that of course is a negative sign. More importantly though, I see the $3 level underneath as being massively supportive … Continue reading Natural Gas Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

Gold Prices April 26, 2017, Technical Analysis

Gold markets fell during the session on Tuesday, testing the bottom of the hammer from the Monday session. This is a very negative sign, but I think that there is a massive amount of support just below, and especially at the $1250 level. I think a pullback to that area could end up being a … Continue reading Gold Prices April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

USD/JPY Forecast April 26, 2017, Technical Analysis

The USD/JPY pair rallied during the day on Tuesday, breaking towards the 111 handle. I think that the market is going to try to reach the 112 level again but there is a lot of noise above. Japanese yen positions have softened recently, as we are starting to see bullish pressure in all the young … Continue reading USD/JPY Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

USD/CAD Forecast April 26, 2017, Technical Analysis

The USD/CAD pair rally during the day on Tuesday, breaking above the 1.36 handle. This is a very bullish sign and now frees this market to reach much higher. If we can break above the top of the range for the session, the USD/CAD pair should now look for the 1.45 handle over the longer … Continue reading USD/CAD Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

NZD/USD Forecast April 26, 2017, Technical Analysis

The New Zealand dollar fell significantly during the day on Tuesday, crashing into the bottom of what I see as asymmetrical triangle. Ultimately, if we can break down below the bottom of the range for the day, I think we should have enough momentum to finally break down to the lower levels that would completely … Continue reading NZD/USD Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

GBP/USD Forecast April 26, 2017, Technical Analysis

The GBP/USD pair initially fell during the day on Tuesday, but found enough support at the 200-exponential moving average again to turn things around and form a positive candle. We continue to consolidate in general, with the 1.2750 level underneath being supportive. I think that the market will eventually break out to the upside and … Continue reading GBP/USD Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

GBP/JPY Forecast April 26, 2017, Technical Analysis

The GBP/JPY pair initially fell on Tuesday but found enough support at the 140 level to turn things around and form a massive green candle. I believe that the market is going to try to break out to the upside even further, perhaps reaching as high as the 145 handle. The 140 level should now … Continue reading GBP/JPY Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

EUR/USD Forecast April 26, 2017, Technical Analysis

The EUR/USD pair broke out during the day on Tuesday, as we continue to see bullish pressure. I believe the market is probably going to reach towards the 1.10 level above, which is a large, round, psychologically important number. The market certainly seems to be favoring the upside, and because of this I believe that … Continue reading EUR/USD Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

EUR/GBP Forecast April 26, 2017, Technical Analysis

The EUR/GBP pair initially fell on Tuesday, but found enough bullish pressure to break above the 0.85 level. Because of this, it looks as if the market is going to try to grind higher and perhaps towards the 0.86 handle. If we broke below the bottom of the Monday hammer, that would be bearish and … Continue reading EUR/GBP Forecast April 26, 2017, Technical Analysis

Christopher Lewis
4 hours ago

AUD/USD Forecast April 26, 2017, Technical Analysis

Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different. However, we are still consolidating as far as I can see so therefore I don’t have any interest in trading this market currently. I believe that a lot of back and forth trading is probably about … Continue reading AUD/USD Forecast April 26, 2017, Technical Analysis

David Becker
11 hours ago

Crude Oil Price Analysis for April 26, 2017

Oil prices moved higher on Tuesday, ahead of Wednesday’s inventory report from the Energy Information Administration.  Seemingly ever increasing U.S. shale production, along with recent talk from Russia, which has said it will increase its own output in H2 of this year if OPEC-NOPEC production cuts are not extended beyond June, has weighed on Prices. … Continue reading Crude Oil Price Analysis for April 26, 2017

David Becker
11 hours ago

Natural Gas Price Analysis for April 26, 2017

Natural gas prices continue to trade on the defensive as it appears that hedge funds remain long, which means that lower prices are the path of least resistance.  According to the latest commitment of trader’s report for the date ending April 18, managed money had accumulated a net long position equivalent to 3,511 billion cubic … Continue reading Natural Gas Price Analysis for April 26, 2017

David Becker
11 hours ago

Gold Price Prediction for April 26, 2017

Gold prices edged lower as riskier assets gained traction, forcing investors out of safe haven assets which paved the way for lower gold prices.  The BOJ’s comments on CPI failed to buoy the yellow metal.  Prices are poised to test target support near the 200-day moving average at 1,252.  Additional support is seen near an … Continue reading Gold Price Prediction for April 26, 2017

David Becker
11 hours ago

EUR/USD Daily Technical Analysis for April 26, 2017

The EUR/USD broke out on Tuesday surging above the March highs, as riskier assets continued to gain traction, and yield in Europe outpaced their U.S. counterparts.  The yield differential moved in favor the Euro, as European sentiment moved higher. The CAC 40 continues to climb, after surging more than 4% Monday on stronger than expected … Continue reading EUR/USD Daily Technical Analysis for April 26, 2017

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