Forecasts & Analysis | Technical, Page

  • James Hyerczyk
    James Hyerczyk

    EUR/USD Forex Technical Analysis – Closing Price Reversal Bottom Signals Potential Momentum Shift

    The Euro closed higher versus the U.S. Dollar on Friday, reversing earlier weakness that threated to take out the low for the month at 1.1432. The reversal to the upside was fueled by a report from Bloomberg that British Prime Minister Theresa May is ready to drop a key Brexit

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Futures (NG) Technical Analysis – Sustained Move Over $3.306 Could Spike Market into $3.384 to $3.409

    Natural gas futures reversed early weakness on Friday to finish higher for the session. The volatile shift in direction was fueled by another change in the weather forecast at the mid-session. Weather models remain inconclusive ahead of next week which suggests we’re likely to see more volatility and a possible

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – Holding 112.175 Sets Up Rally into 113.101 to 113.450

    A rise in U.S. Treasury yields and an easing of tensions over stock market volatility helped boost the Dollar/Yen on Friday. Rising yields helped make the U.S. Dollar a more attractive investment because it widened the spread between U.S. Government bonds and Japanese Government bonds. The mixed performance in the

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  • James Hyerczyk
    James Hyerczyk

    NZD/USD Forex Technical Analysis – Main Trend Changed to Up But Needs Help from China to Sustain Rally

    The New Zealand Dollar closed higher on Friday, posting a dramatic reversal to the upside after early session weakness. The strong rebound was fueled by a recovery in China’s major equity indexes, which rallied over 2.50 percent after government officials announced measures to support the economy and the stock market.The

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Will Need Help from China to Sustain Friday’s Counter-Trend Reversal

    A strong short-covering rally on Friday helped the Australian Dollar eke out a small gain ahead of the week-end. The rebound was fueled by a recovery in China. Greater China markets posted a strong comeback on Friday, following a series of measures announced by Chinese leaders to support the struggling

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – stock markets stabilize

    The S&P 500 has gone back and forth during the week in a slightly positive candle. Quite frankly, anything beyond the massive selloff would’ve been positive after the brutality of the previous week. We have shown the 50% Fibonacci retracement level at 2750 to be supportive, and we have even

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver holds steady for the week

    Silver markets have touched the $14 level, an area of major support recently. In fact, this is an area that has been massive on longer-term charts for some time. At this point, I think that the silver market is starting to attract a lot of longer-term players, as $14 has

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – Crude oil markets have another rough week

    The BTI Crude OilThe WTI Crude Oil market initially tried to rally during the week but then broke down through the $70 handle, a significant technical and psychological level. Now that we have broken down below there, reaching towards the 61.8% Fibonacci retracement level, before bouncing just a bit. I

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas ends the week somewhat flat

    Natural gas markets continue to be very noisy, as we go back and forth. We formed a shooting star during the previous week, which of course is a very negative sign. It now looks as if we are somewhat overextended at this point, and I think a pullback makes a

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets rally for the week

    Gold has broken to the upside again during the week, after forming a very bullish candle last week. This is a good sign, and it looks as if the $1175 level underneath is massive support, and if we break down below there it’s likely that we could unwind rather drastically,

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar finding support

    The US dollar has bounced significantly from the 61.8% Fibonacci retracement level, forming a massive hammer. The markets look ready to continue grinding towards the upside, and quite frankly this strong uptrend looks ready to continue overall. The ¥114.50 level of course has been very resistance more than once, and

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound continues to be very messy

    The British pound has gone back and forth during the week, forming a bit of a shooting star. At this point, it looks as if the market is simply going to go sideways overall, which makes quite a bit of sense. At this point, it looks as if we are

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound neutral against yen

    The British pound has gone back and forth during the week, essentially settling on a somewhat neutral looking candle. It’s been a wild ride, but it looks as if some of the fear that crept into the market earlier during the week has been abated. At this point, it looks

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro looking for a bottom

    The Euro has been very soft due to the Italian debt situation, and of course a lot of fears around the world in higher interest rates in the United States. However, this is a very significant support level in this area, and I think that the market will probably continue

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Australian dollar still trying to form a base

    The Australian dollar shows signs of trying to form a bit of a bottom down here, as the 0.70 level of course would attract a lot of attention due to it being a large, round, psychologically significant figure. Overall though, I think that the market continues to be very noisy,

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets volatile during the trading session on Friday

    The Silver markets continue to move with the US dollar, rising as the dollar falls. Beyond that, we also get a bit of safety trade involved in Silver lately, as we continue to see a lot of volatility. The markets of course are skittish when it comes to a lot

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  • Christopher Lewis
    Christopher Lewis

    Crude oil Price Forecast – crude oil markets try to recover on Friday

    WTI Crude OilThe WTI Crude Oil market rallied significantly during the day on Friday, as perhaps people are starting to look at this as being ginkgo cheap.” I think that short-term pullbacks continue to offer buying opportunities, but I also recognize that the $70 level above is resistance. If we

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets slam into resistance on Friday

    Natural gas markets rallied quite significantly during the day on Friday, slamming into the $3.25 level. At this point, it looks as if breaking above the $3.25 level could send this market to the $3.30 level next, which of course has even more resistance built in. While natural gas is

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets holds steady on Friday

    Gold markets continue to go sideways, and that’s a good sign as it looks like we are trying to find some type of catalyst to either go higher or pull back a bit. I believe that the market continues to be very skittish, but I do like Gold longer-term. I

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar continues to form a base against yen

    The US dollar has rallied again during the trading session on Friday as we continue to grind overall and form a bit of a base against the Japanese yen. There’s been a lot of technical damage done recently, but quite frankly we have found the longer-term uptrend line to be

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