Forecasts & Analysis | Technical, Page

  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – April 23, 2018 Forecast

    June E-mini Dow Jones Industrial Average futures opened higher on Monday as buyers took a cautious approach to the early trade amid concerns over rising U.S. Treasury yields. While most investors are focused on earnings, some are worried that we could see further weakness in the market like we saw

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – April 23, 2018 Forecast

    June E-mini S&P 500 Index futures are trading slightly better shortly before the cash market opening. Traders have been holding the index in a tight range in response to the U.S. 10-year Treasury note’s move toward the psychological 3 percent level. A trade though this level could put pressure on

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – April 23, 2018 Forecast

    June E-mini NASDAQ-100 Index futures are trading steady to better shortly before the cash market opening as investors eye the U.S. 10-year Treasury yield, which is in a positon to challenge the psychological 3 percent level.  A move through this level could put pressure on demand for stocks although the

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    WTI – Very Healthy Up Trend

    Oil is coming back into the spotlight as recently, the commodity keeps making the new long-term highs. The uptrend on the WTI is remarkable from the technical point of view. The price is climbing up like on the staircase, making very nice trend continuation patterns.We already have four in raw

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  • James Hyerczyk
    James Hyerczyk

    US Dollar Index (DX) Futures Technical Analysis – Breaking Out Over 10-Week Trading Range

    A sharp rise in Treasury yields is driving June U.S. Dollar Index futures sharply higher on Monday. After a steady opening, the dollar rose to a seven-week high against a basket of currencies with the Euro and Japanese Yen getting hit the hardest. The move is being fueled by a

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  • Charles Thorngren
    Charles Thorngren

    Where Does Gold Go Now?

    This is despite the “correction” in the stock market, which made a slight dent in the middle of the range but created no lasting damage, or resultant rise, or fall, of note.The tussle between buyers and sellers is becoming a stalemate. There are signs that all this may be about

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  • Dmitriy Gurkovskiy
    Dmitriy Gurkovskiy

    Strong Crude May Lead to Risky Environment

    In the meantime, Baker Hughes reported the rig count had increased by 5 and amounted to 1,013 in the US last week. The situation was quite the same the previous week, which is a good driver for the sellers. Still, the investors have not yet turned to these data.The OPEC+

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  • Yaron Mazor
    Yaron Mazor

    Speculators Eyeing Downside Action for Gold

    Speculators may be looking for additional downside action near term.Key Test of Support Developing in Gold TodayGold has come under pressure since the middle of last week and is now testing vital support ratios near the 1330.00 U.S Dollars per ounce level. The precious metal has stumbled as the Dollar

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  • Colin First
    Colin First

    Commodities Daily Forecast – April 23, 2018

    GoldThe gold market witnessed a lot of price action in the past week because of the geopolitical concerns involving countries like the United States, China and Syria. The market on Friday cooled a bit down as gold prices reached down towards the $1330 level which is one of its support

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  • Colin First
    Colin First

    EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 23, 2018

    EUR/USDThe pair dropped significantly during the Friday’s session reaching down towards the 1.22 level as due to rising interest scenarios in the United States and lack of any clear pictures on rate hike by ECB after ending the QE. The market has now broken below 1.23 level, there will be

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  • Nenad Kerkez
    Nenad Kerkez

    GBP/JPY Cont-Breakout Pattern Only Above 152.36

    The GBP/JPY has been in a steady uptrend on H4 timeframe, and after touching 153.87 it started a retracement. Don’t be confused, as the pair is still in uptrend and we might see a rejection from POC if the price gets in the zone 149.60-85. However, pay attention to 151.50

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  • Bob Mason
    Bob Mason

    NEO Technical Analysis – Bullish Early – 23/04/18

    Key HighlightsNEO slipped 1.62% on Sunday, following Saturday’s 5.92% fall, to end the weekend at $73.46, locking in a 3.92% gain for the week.A late morning $77.52 fell short of the day’s first major resistance level of $79.29, with an intraday low $72.69 holding above the day’s first major support

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Forex Technical Analysis – Range Bound Trade Suggests Investor Indecision, Impending Volatility

    If you look closely at the weekly Euro chart, you’ll notice it hasn’t posted a prolonged move in terms of price and time since the week-ending February 16. Essentially, the price action since then has been just a series of minor tops and minor bottoms. This indicates investor indecision and

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Trigger Point for Downside Acceleration is $1332.30

    Gold futures tumbled last week, driven lower by a combination of an easing of geopolitical tensions, increased demand for risky assets and rising U.S. interest rates. These factors along with a stronger U.S. Dollar are likely to keep the pressure on the dollar-denominated asset.June Comex Gold futures settled the week

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  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Big Range Potential: Upside Target $72.86, Downside Target $63.42

    Nearby U.S. West Texas Intermediate crude oil futures hit their highest level since late 2014 last week as investors responded to a drop in U.S. inventories. Additionally, the market continued to be underpinned by a tightening of supply led by OPEC’s strategy to limit production. Speculators are also betting on

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – Prices At Resistance

    We had mentioned in our forecast on Friday that we would not be surprised if the prices of BTC shot higher and traded in the $8800 region on Monday and thats where we areas of this writing. There is a bit of correction and consolidation going on at the moment

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Caught Between Pair of Retracement Zones

    An average of U.S. blue chip stocks finished higher last week after giving back most of the gains achieved earlier in the week. The price action suggests investors are still a little tentative about buying strength which could lead to a pullback into support over the near-term.For the week, June

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Buyers Could Drive Index into 2708.00, Sellers are Looking at 2635.25

    The U.S. broad-based benchmark index closed higher last week despite giving up most of its earlier gains the last two days of the week. Last week’s price action helped form a new main bottom, but the rally didn’t take out any significant retracement levels. Additionally, volatility remained at elevated levels.Weekly

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Retreat into Short-Term Pivot at 6586.75

    An index of U.S. technology stocks finished higher last week, but volatility remained at elevated levels. The index surged higher early in the week then buyers scrambled the rest of the week to keep it afloat after sellers erased most of the earlier gains.June E-mini NASDAQ-100 Index futures settled 6676.25,

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  • Christopher Lewis
    Christopher Lewis

    Ethereum markets rally during the week

    ETH/USDThe Ethereum markets initially dipped during the week, but then use the $500 level as support to go higher. It looks as if we are trying to break above the $600 level, and then perhaps reaching towards the $700 level. I think that it is only a matter of time

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SymbolLast PriceChange
EURUSD
EUR/USD
1.2218
-0.0054
-0.44%
GBPUSD
GBP/USD
1.3947
-0.0055
-0.39%
XAUUSD
Gold
1323.8
-8.9700
-0.67%
CL
Crude Oil
67.815
-0.4050
-0.59%
SPX
S&P 500
2680.7
+3.5000
+0.13%
DAX
DAX 30
12591.2
+9.2500
+0.07%
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