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David Becker
5 minutes ago

EUR/USD for January 24, 2017

EUR/USD moved higher on Monday as the dollar lost ground following the protectionism oriented speech from President Trump and higher inflation reported by the Bundesbank.  The exchange rate gapped higher and is poised to test the December highs near 1.0855.  Support on the currency pair is seen near the 10-day moving average at 1.0640.  The … Continue reading EUR/USD for January 24, 2017

Tomasz Wiśniewski
4 hours ago

How will this sideways trend on the Oil end?

Since the beginning of December we are not moving much on the Brent Oil chart. After the bullish breakout of the 53,8$/bbl resistance (green) the price is moving sideways, creating a Head and Shoulders pattern (yellow areas). Buyers are probably now wondering: “What H&S pattern if there clearly is a pennant (red lines)!?” What is … Continue reading How will this sideways trend on the Oil end?

James Hyerczyk
4 hours ago

US Indices Forecast, January 23, 2017

E-mini S&P 500 March E-mini S&P 500 Index futures are trading lower shortly before the cash market opening. Investors are reacting negatively to Trump’s inauguration speech, but seem to be more cautious then bearish… Read More E-mini S&P 500 Forecast E-mini NASDAQ-100 March E-mini NASDAQ-100 Index futures are trading lower shortly before the cash market opening. … Continue reading US Indices Forecast, January 23, 2017

James Hyerczyk
5 hours ago

E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 23, 2017 Forecast

March E-mini Dow Jones Industrial Average futures are trading lower shortly before the cash market opening. Investors are still trying to assess the impact of Trump’s inauguration speech on the markets. Early thoughts are he missed the mark by suggesting trade wars and tariffs which will likely lead to slower growth. However, the market seems … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – January 23, 2017 Forecast

James Hyerczyk
5 hours ago

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – January 23, 2017 Forecast

March E-mini NASDAQ-100 Index futures are trading lower shortly before the cash market opening. The move suggests the lack of confidence in Trump. However, it suggests investors are just a little cautious. If they were bearish, I think we’d be a lot lower. Investors would like Trump to reveal the details of his economic plans. … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – January 23, 2017 Forecast

James Hyerczyk
5 hours ago

E-mini S&P 500 Index (ES) Futures Technical Analysis – January 23, 2017 Forecast

March E-mini S&P 500 Index futures are trading lower shortly before the cash market opening. Investors are reacting negatively to Trump’s inauguration speech, but seem to be more cautious then bearish. Technical Analysis The main trend is up according to the daily swing chart. A trade through 2277.00 will signal a resumption of the uptrend. … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – January 23, 2017 Forecast

James Hyerczyk
6 hours ago

Crude Oil Update – U.S. Output Offsetting OPEC’s Output Cuts

March West Texas Intermediate Crude Oil futures are trading lower as investors reacted to the strong recovery in U.S. oil drilling activity while downplaying the news that OPEC/Non-OPEC members were moving towards the output reduction goals they set in early December. Technical Analysis The main trend is down according to the daily swing chart. A … Continue reading Crude Oil Update – U.S. Output Offsetting OPEC’s Output Cuts

James Hyerczyk
6 hours ago

Comex Gold Futures (GC) Technical Analysis – January 23, 2017 Forecast

April Comex Gold futures are trading higher in reaction to the weaker U.S. Dollar. The Greenback is under pressure due to the lack of confidence in President Trump’s ability to run a government and deliver what he promised during his campaign. Technical Analysis The main trend is up according to the daily swing chart. A … Continue reading Comex Gold Futures (GC) Technical Analysis – January 23, 2017 Forecast

James Hyerczyk
6 hours ago

Comex High Grade Copper Futures (HG) Technical Analysis – January 23, 2017 Forecast

March Comex High Grade Copper futures surged early in the session only to run into wall of selling pressure due to concerns about oversupply. Traders are also worried about the lack of progress towards Trump’s plan to rebuild the American infrastructure which is supposed to lead to increased demand. Technical Analysis The main trend is … Continue reading Comex High Grade Copper Futures (HG) Technical Analysis – January 23, 2017 Forecast

James Hyerczyk
7 hours ago

EUR/USD Mid-Session Technical Analysis for EUR/USD

The EUR/USD is trading higher at the mid-session after taking out last week’s high at 1.0719 and a resistance angle. Traders are following through to the upside following Friday’s strong close. Trump’s inauguration speech seems to be fueling the rally. Trump’s speech had an “America first” theme which suggested a protectionism attitude. Investors may have … Continue reading EUR/USD Mid-Session Technical Analysis for EUR/USD

James Hyerczyk
7 hours ago

AUD/USD Forex Technical Analysis – January 23, 2017 Forecast

The AUD/USD is trading nearly flat after giving up earlier gains. The price action suggests investors are taking a cautious approach following the inauguration of Donald Trump as President of the United States on Friday. In Trump’s inauguration speech, he failed to reveal the details of his economic plans but spent more time on his … Continue reading AUD/USD Forex Technical Analysis – January 23, 2017 Forecast

Nenad Kerkez
9 hours ago

GBP/USD Getting Close to Resistance

The GBP/USD spiked strongly after UK PM Theresa May’s speech and currently it is aiming for 1.2490-1.2510. Daily chart is showing a version of rising three methods so the pair is still bullish. 4h close or 1h momentum above 1.2445 is needed and the pair might get to the POC zone -1.2490-1.2510. However, we also … Continue reading GBP/USD Getting Close to Resistance

Sylvester Stephen
10 hours ago

Weekly Technical Outlook: GBP/USD; Market Forecasts for January 23rd – January 27th

Resistance level 1.27297, 1.29142, 1.32205 Pivot Level 1.227291 Support Level 1.22388 Technical Analysis The GBP USD pair closed weekend trading above 1.22388 levels to get a good support base that reinforces the expectations of continuing the bullish bias which provides signals for the price recovery in the upcoming days. It is supported by stochastic positivism … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for January 23rd – January 27th

Christopher Lewis
yesterday

Major US Indices Forecast, January 23, 2017, Technical Analysis

S&P 500 The S&P 500 tried to rally on Friday, but continues to find the 2275 level a bit too exhaustive. Because of this, I believe that every time we pull back the buyers will return, as we are trying to build up enough momentum to finally break out and reach towards the 2300 level… … Continue reading Major US Indices Forecast, January 23, 2017, Technical Analysis

Christopher Lewis
yesterday

Major US Indices, Forecast for The Week of January 23, 2017, Technical Analysis

S&P 500 The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market will reach towards … Continue reading Major US Indices, Forecast for The Week of January 23, 2017, Technical Analysis

Christopher Lewis
3 days ago

DAX forecast for the week of January 23, 2017, Technical Analysis

The German index initially fell during the week, but found enough support underneath the €11,500 level. This hammer that form during the week suggests that the market should continue to go higher. I think that the market will eventually reach towards the €12,000 level, and then the €12,400 handle as it had previously. The falling … Continue reading DAX forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
3 days ago

NASDAQ 100 forecast for the week of January 23, 2017, Technical Analysis

The NASDAQ 100 went back and forth during the week, but most importantly showed support at the 5000 handle. The 5000 handle begins a significant amount of support all the way down to at least the 4900 level, so I have no interest in selling. Pullbacks offer value that I plan on taking advantage of, … Continue reading NASDAQ 100 forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
3 days ago

S&P 500 forecast for the week of January 23, 2017, Technical Analysis

The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market will reach towards the 2300 … Continue reading S&P 500 forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
3 days ago

FTSE 100 forecast for the week of January 23, 2017, Technical Analysis

The FTSE 100 fell during the week, forming an outside bearish candle. While normally a sell signal, I still see a significant amount of support near the 7125 handle, so if we can form some type of support of candle there, I feel that the market will turn around and continue to go higher. I … Continue reading FTSE 100 forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
3 days ago

Dow Jones 30 forecast for the week of January 23, 2017, Technical Analysis

The Dow Jones 30 initially fell during the week, but found enough support to turn around and formed a hammer. The hammer suggests that we are going to continue to see buyers every time we did, and I think that given enough time we will breakout above the 20,000 level. Once we get above there, … Continue reading Dow Jones 30 forecast for the week of January 23, 2017, Technical Analysis

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