Forecasts & Analysis | Technical, Page

Bitcoin and legacy cryptos hit new monthly highs as positive price rally continues for the second week.

With that being Presidents’ Day in the United States, it’s a holiday for stock market traders. That being the case, the futures market would be very thin and was a shortened electronic trading session anyway.

Silver markets rallied slightly during the trading session on Monday, but at the end of the day it is a scenario where there was a lack of liquidity because of the Presidents’ Day holiday in the United States.

The crude oil markets didn’t do much on Monday, but when you look at the charts overall they do show quite a bit of strength. I think at this point, the market is certainly trying to break out from the longer-term standpoint, but obviously we have a lot of noise

Natural gas markets of course did very little during the trading session on Monday, which makes quite a bit of sense as the Americans were celebrating Presidents’ Day, and at this point if the Americans aren’t on board, the market simply don’t move much.

Gold markets rallied a bit during the session on Monday to continue to show strength. We have been grinding higher for some time, so this shouldn’t be much of a surprise. Looking at this chart, it’s obvious that the buyers are very determined.

The US dollar pulled back a little bit during the trading session on Monday, but then rallied to show signs of life again. The market has been very bullish as of late, but the last couple of days showed a bit of weakness. Now that we are starting to show

The British pound gapped higher to kick off the week, breaking above the 1.2950 level. This is a good sign, and I think that the British pound is trying to come back into play with previous support underneath.

The British pound gapped higher to kick off the week, and then continue to go higher. With that being the case, it’s likely that the market is looking at the US/China trade situation with a bit more optimism as this pair will be very sensitive to it.

The Euro rallied during the trading session on Monday after forming a massive hammer on Friday. At this point, it looks like we are ready to go higher but we have a minor hurdle to overcome in the short term.

The Australian dollar has rallied significantly during the trading session on Monday, showing signs of resiliency yet again. After breaking the top of the last couple of shooting stars, that’s a very bullish sign going forward, and I think we are going to make a move to the upside, perhaps

Hi traders,The GBP/NZD correction might come to a stall as the price is making a U-turn within the important POC zone.1.8819-20 is an important zone where we can see a confluence of price action and historical sellers. If the price manages to sustain bearish momentum that has been piggybacked from

The British Pound is still completely focused on the Brexit talks. This is the reason why the Pound plummeted significantly last week and the reason it managed to recover later.

Strong production could keep a lid on NG prices

Soft US data is paving the way for higher gold prices

I am a huge fan of Gold and I look at this instrument almost every day. Silver stays in the shadow but that does not mean that I ignore this asset.

Based on the price action of the eight week rally, the direction of the March E-mini S&P 500 Index futures contract this week is likely to be determined by trader reaction to a downtrending Gann angle at 2779.50.  

The early price action shows support is the pivot at 1.1288. If this move creates enough upside momentum then look for buyers to make a run at 1.1342. Taking out this level will change the main trend to up.

Based on the price action of the eight week rally, the direction of the March E-mini Dow Jones Industrial Average futures contract this week is likely to be determined by trader reaction to a steep uptrending Gann angle at 25548. This angle is moving up at a rate of 512

GoldThe gold prices rallied significantly during the Friday’s session, reaching towards the $1325 level. The market has plenty of resistance around this zone and could witness a pullback. The weak economic numbers from the US and the Fed’s dovish attitude will keep supporting the gold prices higher and a break