Forecasts & Analysis | Technical, Page 1

  • Charles Thorngren
    Charles Thorngren

    On woods, and trees – and gold …

    But this chart is, of course, the daily chart of gold. At the moment, the old adage of, “not seeing the wood for the trees,” comes to mind when dealing with the price of gold. Even quite seasoned investors are becoming distracted by the daily rollercoaster ride of Bitcoin. We

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Dow Posts Solid Gains on Optimism Over Tax Reform

    March E-mini Dow Jones Industrial Average futures posted a solid gain on Friday as investors shrugged off early concerns about tax reform only to be rewarded later in the session with news that the long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers

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  • Christopher Lewis
    Christopher Lewis

    ETH/USD Forecast for the Week of December 18, 2017, Technical Analysis

    Ethereum rallied significantly during the trading week, reaching almost as high as $800 on Coinbase. However, the exchange has had several problems over the week, closing down due to the inability to facilitate the trading volume. Because of this, the real value in Ethereum is going to be difficult to

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin Gold DASH and Monero forecast for the week of December 18, 2017, Technical Analysis

    Bitcoin GoldBitcoin Gold rallied during the trading this past week, reaching as high as the $350 level. Ultimately, that area offered enough resistance to turn things around, and we have fallen below the $300 level as I record this on Friday. I think that given enough time, we will eventually

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  • Christopher Lewis
    Christopher Lewis

    BTC/USD Forecast for the Week of December 18, 2017, Technical Analysis

    Bitcoin rallied again during the week, reaching as high as $18,000 before pulling back slightly on Friday. The market looks to be very parabolic at this point, so buying Bitcoin and hanging onto it might be difficult as a corrective pullback is absolutely necessary. In fact, a simple 50% Fibonacci

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  • Christopher Lewis
    Christopher Lewis

    DAX Price forecast for the week of December 18, 2017, Technical Analysis

    A break above the top of the hammer for the week should send this market towards the €13,500 level after that, which was the recent high. I think this pullback is necessary, as we have seen a lot of resistance in the region of €13,000 previously, and now it is

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  • Christopher Lewis
    Christopher Lewis

    Dow Jones 30 and NASDAQ 100 forecast for the week of December 15, 2017, Technical Analysis

    Dow Jones 30The Dow Jones 30 broke higher during the week, clearing the top of the neutral candle from the previous week. In fact, we are at fresh, new highs, and I think at this point it is all but a given that we are going to go to the

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price forecast for the week of December 18, 2017, Technical Analysis

    The S&P 500 rallied during the week, breaking above the top of the hammer from the previous week. Because of this, it looks as if we are ready to go to the 2700 level above, probably this week. We are continuing to see “the Santa Claus rally”, which is money

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  • Christopher Lewis
    Christopher Lewis

    FTSE 100 Price forecast for the week of December 18, 2017, Technical Analysis

    The FTSE 100 rallied during the previous week, breaking above the top of the hammer from the weekend before that. We did struggle at the 7500 level, but I think it’s only a matter of time before we reach the top of the consolidation area, near the 7600 level. If

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  • Christopher Lewis
    Christopher Lewis

    Silver Price forecast for the week of December 18, 2017, Technical Analysis

    I believe the Silver markets have reached towards the bottom of the overall range, and it’s likely that we will turn around rather soon. In fact, during the week we reach towards the $16 handle, an area that is attracted a lot of attention. We pulled back slightly from there,

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price forecast for the week of December 18, 2017, Technical Analysis

    WTI Crude OilThe WTI Crude Oil market finish the week relatively flat, after bouncing around significantly. It looks as if the $57.50 level is essentially “fair value” over the last month or so. I think that we are essentially stuck in a range, and therefore it’s going to be almost

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas forecast for the week of December 18, 2017, Technical Analysis

    Natural gas markets broke down below the $2.75 level, and close towards the bottom of the range. That is a very negative sign, but as you can see the $2.50 level underneath is marked on my chart as a very important area. This is the 61.8% Fibonacci retracement level of

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  • Christopher Lewis
    Christopher Lewis

    Gold Price forecast for the week of December 18, 2017, Technical Analysis

    Gold markets went back and forth during the week, touching the bottom of the range and bouncing, suggesting that perhaps we are continuing what could have been the beginning of an uptrend line. If we can break above the top of the candle, I think we go looking towards the

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY forecast for the week of December 18, 2017, Technical Analysis

    The US dollar has fallen a bit over the course of the week, reaching down to the 112-handle underneath. That’s an area that is supportive, as we have seen a bounce from there a couple of times now. The market looks likely to continue to cause a lot of volatility,

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD forecast for the week of December 18, 2017, Technical Analysis

    The US dollar continues to be volatile against the Canadian dollar, as we have been consolidating in a very tight trading range. However, we had formed a hammer and that of course is a very bullish sign. A break above the top of the hammer should send this market testing

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  • Christopher Lewis
    Christopher Lewis

    NZD/USD Price forecast for the week of December 18, 2017, Technical Analysis

    The New Zealand dollar rallied significantly during the trading sessions that made up this previous week, and it looks likely that a break above the top of the candle should send this market towards the 0.75 handle after that. That doesn’t mean that is can be easy, but I do

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD forecast for the week of December 18, 2017, Technical Analysis

    The British pound initially tried to rally during the trading sessions that made up the previous week, but as you can see the 1.35 level turned out to be a bit too difficult to overcome. By rolling back over, it’s likely that we will show signs of weakness again as

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY forecast for the week of December 18, 2017, Technical Analysis

    The British pound has fallen significantly against the Japanese yen, dropping below the 150 handle by the end of the week. However, this is a market that I think will continue to find buyers underneath, maybe closer to the 148 handle. This pair is very sensitive to risk appetite in

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD forecast for the week of December 18, 2017, Technical Analysis

    When I look at the longer-term weekly chart, I clearly see a bullish flag, which I suspect most of the world does as well. Because of this, I think it’s only a matter of time before the buyers come back in and pick this market up, but with the market

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  • Christopher Lewis
    Christopher Lewis

    EUR/GBP forecast for the week of December 18, 2017, Technical Analysis

    The EUR/GBP pair rallied a bit during the week, as we continue choppy conditions, in a well-defined consolidation area. This is not a big surprise considering that we are still negotiating the divorce of the UK from the United Kingdom, so expect noisy conditions. However, it appears that we have

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1750
-0.0023
-0.2%
GBPUSD
GBP/USD
1.3321
-0.0109
-0.81%
XAUUSD
Gold
1255.3
+2.1050
+0.17%
CL
Crude Oil
57.345
+0.2750
+0.48%
SPX
S&P 500
2682.7
+28.750
+1.08%
DAX
DAX 30
13112.5
+77.500
+0.59%
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