Forecasts & Analysis | Technical, Page

It was a hot monetary policy meeting yesterday. Faced with slow inflation and bleak growth, the ECB eased again, delivering a fresh stimulus package. What does it mean for the gold market?

Sluggish start to week, as NZ and Australian dollar unchanged. Chinese yuan ticks higher despite weak Chinese manufacturing, retail sales data.

Based on the early price action and the current price at .6872, the direction of the AUD/USD the rest of the session on Monday is likely to be determined by trader reaction to the uptrending Gann angle at .6868 and the 50% level at .6880. In between these two levels

It’s a bullish start to the day for the trio, with Litecoin leading the way. A breakout could be on the cards should early gains be held…

EOS and Ethereum led the way last week and look to kick the week off in bullish fashion. Ethereum will be eyeing $200 levels…

The market seems to be seeking a balance inside $59.29 to $62.64. Trader reaction to the upper and lower levels of the major retracement zone will likely determine the next major moves

We’re likely to be in a momentum driven market from the opening today so main tops and retracement zone levels are not likely to be that important initially in the session. Once the markets calm down and traders learn more about the timing of the repairs then traders will become

Based on Friday’s price action and the close at .6377, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the downtrending Gann angle at .6391.

It’s a mixed start to the day for the majors. Holding onto early gains will be key to avoiding a sell-off later in the day.

It’s back in the red for the majors. Avoiding heavier losses through the morning could lead to a rebound later in the day…

Consumer sentiment rises more than expected

Storms continue to generate volatility

Retail sales came in stronger than expected

The S&P 500 rallied significantly during the week, reaching towards the highs yet again. As we head into the weekend, it looks like a breakout is imminent, but we may get the short-term pullback between now and then to build up momentum.

The Silver markets initially tried to rally during the week but then found a lot of resistance at the $18.50 level. We rolled right back over and formed a very bearish looking candle for the week.

The crude oil markets try to break out during the week but has failed again as we have turned around completely. The massive amount of volatility continues, but it’s obvious that the buyers can’t quite take over the momentum.

Natural gas markets rallied again during the week but managed to find resistance at the 50 week EMA to turn around and form a shooting star. The shooting star of course is a very negative sign, but I think at this point it’s obvious that we have started to put

Gold markets have initially tried to rally during the week, but then rolled over again to show signs of weakness yet again. The $1500 level of course is going to attract a lot of attention, but when you look at the longer-term weekly chart, you can see that we are

The US stock markets continue to test the all-time highs but are struggling to get above there. At this point, it looks like a pullback makes quite a bit of sense but that pullback probably will attract buyers. Near the box I have drawn on the chart I would anticipate

The Silver markets fell during the trading session on Friday to test a significant uptrend line, and at this point is going to be very interesting to see if we can hang on. That being said, we are obviously rotating quite a bit.