Forecasts & Analysis | Technical, Page

Dear Traders,The NZD/USD has formed a bullish trend and we can clearly see a T-89 pattern rejection.0.6865-75 is the POC zone which is additionally supported by the ascending trend line. If bullish momentum persists, we could see a continuation above 0.6905 towards 0.6935 which is a weekly H4 pivot. Only

Based on the early price action and the current price at 2810.75, the direction of the June E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 2814.50.

Based on the earlier price action and the current price at 25471, the direction of the June E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at 25422.

Global investors are under tension amidst US recession apprehensions.

Bulls and Bears drift near 1.3200 levels amidst Brexit chaos.

The USD has recovered perfectly against the common currency, with the investors easily overcoming the Fed meeting stress.

As you probably know, Wednesday was pretty bad for USD, but by the end of the week, the greenback had managed to recover most of its losses.

Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 1.1310 and the uptrending Gann angle at 1.1297. Using the short-term retracement zone for guidance, look for an upside bias

Mueller Clears Uncertainty on Trump-Russia Probe. Asian Trades Opened Low Amidst Fear On Global Economic Sluggishness.

GoldGold prices initially fell during the Friday’s session but witnessed recovery from the lower level to reach towards the $1320 level. With fears of a global recession growing strong, the gold market will continue to attract buyers due to a risk-off sentiment. The $1325 level is the next major resistance

EUR/USDThe Euro fell hard during Friday’s session, breaking below the crucial 1.13 level after getting poor German economic numbers. The market is likely to keep volatile as fears of a global recession growing strong after US bond yield curve inverts for the first time since 2007. The 1.1250 level underneath

Based on the early price action and the current price at 7308.75, the direction of the June E-mini NASDAQ-100 Index on Monday is likely to be determined by trader reaction to the uptrending Gann angle at 7317.75.

Based on the early price action, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the 50% level at .7079.

It’s back into the red for NEO, following last week’s losses. A lack of support from the broader market will bring support levels into play

Crypto market is seeing positive price action as investors choose to bet of further support and growth of bulls rather than bears which seem highly supported from fundamental perspective.

Strong production weighs on prices

The main trend is up according to the daily swing chart, however, momentum is trending lower. Thursday’s closing price reversal top and today’s confirmation of the chart pattern is helping to pressure prices.

European economic data disappoints

Based on the current price at 7402.00, the June E-mini NASDAQ-100 Index is in a position to post a closing price reversal top. This could give the index a downside bias into the close.

The stock markets in America got hammered during the day on Friday, making up most of the red shooting star that you see on the chart. That is of course a sign that we are running into serious trouble.