Forecasts & Analysis | Technical, Page

  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Daily Chart Indicates Plenty of Room to Downside Under .7163

    The Australian Dollar plunged on Friday on concerns about a weakening economy in China and Europe. The selling was fueled by safe-haven flows into the U.S. Dollar as risk appetite weakened following softer-than-expected economic data from China and the Euro Zone.The selling initially began early in the session after China

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – Friday’s Inside Move Suggests Investor Indecision, Impending Volatility

    The Dollar/Yen closed lower on Friday as extreme weakness in the global equity markets encouraged investors to seek shelter in the safe-haven Japanese Yen. Sellers hit the equity markets hard early in the session following the release of weaker-than-expected retail sales and industrial production from China. Later in the session,

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  • James Hyerczyk
    James Hyerczyk

    NZD/USD Forex Technical Analysis – Downside Momentum Targets Main Bottom at .6753

    The New Zealand Dollar plunged on Friday as investors reacted to bearish economic news from China. The news sparked selling in global equity markets which led to the aggressive selling of risky currencies. Furthermore, it drove investors into the safe-haven U.S. Dollar. The catalysts behind the selling was the news

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Tumble on Warm Weather Forecast

    Natural gas prices tumbled again on Friday, breaking through support levels and poised to test trend line support. Prices were down nearly 7% going into the last hour of trading on Friday. Warmer than normal weather is forecast to cover most of the United States for the next 2-weeks which

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – stock markets look weak

    The S&P 500 tried to rally during the week but found the 2700 level be too much. Weak economic numbers on Friday pushed the  S&P 500 lower as well, forming an inverted hammer. At this point, I think if we break down below the 2600 level again, and I do

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets struggle to break resistance

    Silver markets continue to go back and forth during the week, as it looks likely that the $15 level should offer resistance. That’s an area that has been difficult to break above for some time, and I think that is the main theme here, if we can break above the

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – oil continues to struggle

    WTI Crude OilThe WTI Crude Oil market went back and forth during the week, settling on a negative candle stick. We are currently hanging about the $50 handle, an area that should continue to be supported. If we were to break down below the $50 level, then I think this

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas markets break down

    Natural gas markets broke down significantly during the week, slicing through the bottom of a massive triangle that had formed after consolidating in this rather high level. People were worried about an oversupply of natural gas, which could only at best be a temporary thing, but now we are looking

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets fail at major resistance

    Gold markets broke down during the week, slicing through the $1250 level again after initially starting the week above it. I do think there is support underneath though, as we have a massive uptrend line. Pay attention to the US dollar, because if it rallies it could continue to put

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar continues to grind against Yen

    The biggest problem that this pair faces right now is that it’s the end of the year. Because of this, I think that the market will continue to go back and forth in the short term type of environment. Longer-term traders need to pay attention to the ¥112 level, and

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound breaks major support

    The British pound broke down during the week, slicing through the 1.27 level, an area that has been rather supportive for a while. This is the bottom of a descending triangle, which measures for a move to the 1.22 handle. I do believe that we get down there, mainly because

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound continues to grind lower

    The British pound continues to be very negative against the Japanese yen, as we have reached towards the ¥141 level. I think at this point, it’s very likely that the British pound will continue to struggle overall, as we have a lot of concerns around the world globally, as the

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro has miserable week

    The Euro fell during the week, having a bit of a miserable run as we are closing much lower than we opened. However, there is a significant amount of support underneath at the 61.8% Fibonacci retracement level as you can see did noted by the Fibonacci retracement to on the

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Australian dollar looks sick

    The Australian dollar has recently rallied over the last several weeks, but the previous week was a very negative looking, with this week initially rallying but finding trouble at a previous resistance barrier. Now while I do not think that we are looking at a massive break down waiting to

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets get hammered again on Friday

    The S&P 500 continues to show weakness, as we have rolled over and broke down below the three shooting stars that had formed on the previous three days. At this point, it looks as if we are going to test the 2600 level, an area that has been massive support.

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets fall on Friday

    Silver markets fell a bit during the trading session on Friday, reaching towards the 50 day EMA. That’s an area that does tend to attract a lot of attention, but it is starting to offer support. That’s a good sign, so I think that the market may try to bounce

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil continues to struggle

    WTI Crude OilThe WTI Crude Oil market rallied at the very beginning of the session, only to break down and form a very negative candle stick. We are currently in a major wedge pattern, so I think at this point we will continue to see a lot of noise but

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets break major support

    Natural gas markets broke down during the trading session on Friday, breaking through the 50 day EMA. At this point though, it should be pointed out that the continuation shooting star from Thursday has proven itself to be reliable, and it now looks as if rallies at this point will

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets pulled back on Friday

    Gold markets pulled back a bit during the trading session on Friday, giving back the gains from above $1250 that were found last week. I think at this point, the 50 day EMA could cause a bit of support, and if we turn around to break above the $1250 level

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar running into resistance

    The US dollar has done very little during the trading session on Friday as we got a bit too close to the 114 level. At that area, we see significant resistance all the way to the 115 handle, so don’t be surprised at all if we turn around and roll

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