Forecasts & Analysis | Technical, Page

  • Christopher Lewis
    Christopher Lewis

    Ethereum falls during the week

    ETH/USDEthereum fell during the week, reaching down towards the $620 level. This is an area that has seen a bit of support recently, so it’s not a huge surprise to see a bounce from there. If we can break down below this level, the market probably unwinds towards the $500

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  • Christopher Lewis
    Christopher Lewis

    Alt coins continue to soften during the week

    BTG/USDBitcoin Gold fell during the week, reaching towards the $50 level. The market had bounced recently, but quite frankly when you look at the longer-term charts you can see that we are a far cry from showing any significant strength. I think that the market is probably going to go

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin falls again for the week

    BTC/USDBitcoin fell again during the week, reaching down towards the $8000 level, an area that is massive support, not only from a psychological standpoint, but from a previous structural level. The uptrend line underneath is still massive support as well, and I think that the market will probably continue to

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  • Christopher Lewis
    Christopher Lewis

    German index rallies during the week, showing strength yet again as we clear major milestone

    The German index rallied during the week, reaching towards the €13,100 level, as we have broken above the €13,000 level. The market should continue to show signs of value hunting on pullbacks, and I think that the €12,750 level will offer a bit of a floor. I believe that the

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  • Christopher Lewis
    Christopher Lewis

    US stock markets pulled back slightly during the week

    Dow Jones 30The Dow Jones 30 initially trying to rally during the week, reaching towards the 25,000 level above which is an area that of course obviously will form a bit of psychological resistance. We have turned around of form a bit of a shooting star, but we have a

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 goes back and forth during the week

    The S&P 500 has gone back and forth during the week, testing the 2700 level for support. I think that the market has more than enough support underneath to keep the market going higher, with the 2700 level offering a support level, and beyond that we also have support at

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  • Christopher Lewis
    Christopher Lewis

    FTSE 100 testing highs during the week

    The FTSE 100 has reached towards the highs again, and now I think we are getting ready to break out to the upside. However, we may get a short-term pullback to build up the necessary momentum to go much higher. The 8000 level is my longer-term target anyway, and even

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  • Christopher Lewis
    Christopher Lewis

    Silver markets have negative week to find support on uptrend line

    The Silver markets continue to be choppy in general, as we felt towards the uptrend line only to turn around and form a somewhat supportive hammer like candle. This shows that the uptrend line is very much intact, but above we have a downtrend line that makes out a symmetrical

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil markets rallied during the week again making fresh highs

    WTI Crude OilThe WTI Crude Oil market rallied significantly during the week as crude oil continues to get a bit of a boost from geopolitical tensions and of course the idea of the US leaving the Iranian deal taking product off the markets. I believe that short-term pullbacks should continue

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas markets have a strong week

    Natural gas markets initially fell during the week but then turned around to break above the $2.80 level again and reach towards the $2.85 level. There is the top of the up-trending channel to pay attention to, and if we can break above the top of the uptrend line, it’s

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  • Christopher Lewis
    Christopher Lewis

    Gold markets break below $1300 this past week

    Gold markets broke down significantly during the week, testing the uptrend line that has been crucial for the markets before. By breaking below the $1300 level, the market looks likely to continue to go lower, perhaps reaching towards the $1275 level followed quickly by the $1250 level underneath. Otherwise, if

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  • Christopher Lewis
    Christopher Lewis

    US dollar breaks out against Japanese yen during the week

    The US dollar has rallied significantly during the week, slicing through the ¥110 level. By doing so, it looks as if we are ready to go higher, as the market has been banging up against that level for some time now, forming a couple of shooting stars on the weekly

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  • Christopher Lewis
    Christopher Lewis

    US dollar rallies against the Canadian dollar for the week

    The US dollar has initially pulled back to the week only to find support at the 1.2750 level. We have since reached towards the top of the shooting star, and I think that if we were to break above that shooting star, it would be a sign that we could

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  • Christopher Lewis
    Christopher Lewis

    New Zealand dollar falls again during week

    The New Zealand dollar has broken down significantly during the week again, slicing through the 0.69 level. I believe that the market will continue to see support in this general vicinity, but if we were to break down below the 0.68 level, that would unwind this market rather drastically, perhaps

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  • Christopher Lewis
    Christopher Lewis

    British pound breaks down during the week to test major support

    The British pound has broken down a bit during the week, reaching down towards the bottom of the hammer from the previous week. That’s a very negative sign, and if we can clear that level, extensively the 1.3450 level, the market will break down to the 1.33 handle, and then

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  • Christopher Lewis
    Christopher Lewis

    British pound rallies against Japanese yen at vital uptrend line during the week

    The British pound has rallied a bit during the week, reaching towards the ¥150 level, an area that has psychological importance attached to it, as well as structural. I think that if we can break above the ¥150 level, the market is free to go much higher. At that point,

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  • Christopher Lewis
    Christopher Lewis

    Euro falls again during the week to break the back of a hammer

    The EUR/USD pair has broken down again during the week, slicing through the bottom of the hammer from the previous week. Because of this, the market should continue to rollover and continue to go much lower. I think that short-term rallies will offer selling opportunities, and I think that the

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  • Christopher Lewis
    Christopher Lewis

    Euro falls against Sterling during the week again

    The Euro fell during the course of the week reaching towards the bottom of the hammer from the previous week, showing signs of major softness. I think that if we break down below the bottom of this weekly candle, we will probably reach down to the 0.86 handle below which

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  • Christopher Lewis
    Christopher Lewis

    Australian dollar falls to find support during the week

    The Australian dollar has broken down a bit during the week, slicing below the 0.75 handle. I think that the market will continue to find buyers under that area, as we have formed triple hammers. If we break down below the hammer from the previous week, the market could go

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  • Christopher Lewis
    Christopher Lewis

    Ethereum bounces slightly during the Friday session

    ETH/USDEthereum markets have bounced a bit during the trading session on Friday, reaching towards the $680 level before showing signs of exhaustion. I believe that the $660 level underneath is support, but I would not be surprised at all that we would go below there. Ultimately, I think that the

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1770
-0.0020
-0.17%
GBPUSD
GBP/USD
1.3473
-0.0038
-0.28%
XAUUSD
Gold
1292.6
+3.3600
+0.26%
CL
Crude Oil
71.385
-0.1750
-0.24%
SPX
S&P 500
2712.3
-9.8750
-0.36%
DAX
DAX 30
13076.7
-37.250
-0.28%
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