Forecasts & Analysis | Technical

September E-mini NASDAQ-100 Index futures are trading slightly higher shortly before the cash market opening. The index is getting support from upside momentum being generated by strong pre-market gains in the Dow Jones Industrial Average and the S&P 500 Index. However, a drop in Alphabet – Google’s parent – are helping to limit gains. Later … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – July 25, 2017 Forecast

New week starts with a correction of the recent movements so finally USD is gaining some strength and we do have a reversals on the Gold and DAX. The most technical movement can be seen on the Gold which went to the 1258 USD/oz resistance, created a Head and Shoulder patter, broke the neckline and … Continue reading Time to Take Some Profits: Gold, DAX and SP500

September E-mini S&P 500 Index futures are expected to open higher based on the pre-market trade. The index is within striking distance of its all-time high at 2476.25. Taking out this top will signal a resumption of the uptrend. The move will also make 2462.75 a new minor bottom. Currently, the main range is 2402.25 … Continue reading E-mini S&P 500 Index (ES) Futures Technical Analysis – July 25, 2017 Forecast

December Comex Gold futures are trading lower shortly before the regular session opening. The market followed through to the downside after posting a closing price reversal top on Monday, confirming the potentially bearish chart pattern. Technical Analysis The main trend is down according to the daily swing chart. Despite the recent 10 day rally, the … Continue reading Gold Price Futures (GC) Technical Analysis – July 25, 2017 Forecast

EUR/USD Although four-month old ascending trend-line, at 1.1690 now, restricted the EURUSD’s upside, the pair continues trading above 1.1615 horizontal-line and is indicating brighter chances to challenge the 1.1690 resistance again. Should the pair manage to surpass 1.1690 on a daily closing basis, the August 2015 high around 1.1715, followed by the 1.1750 and the … Continue reading Technical Update For EUR/USD, GBP/USD, USD/JPY & AUD/USD: 25.07.2017

September West Texas Intermediate crude oil futures are trading sharply higher after posting a potentially bullish closing price reversal bottom on Monday. Buyers extended yesterday’s gains after Saudi Arabia pledged to curb exports in August and OPEC called on several members to boost compliance with output cuts to help trim the supply glut and stabilize … Continue reading Crude Oil Price Update – Bullish Tone; Buyers Will Try to Drive Price thru $47.33 for Upside Breakout

The EUR/USD is trading slightly better shortly before the U.S. opening. The Forex pair is also trading inside yesterday’s range, which typically indicates investor indecision and impending volatility. This is likely because the major players are sitting on the sidelines ahead of Wednesday’s U.S. Federal Reserve interest rate decision and monetary policy statement. The Fed … Continue reading EUR/USD Mid-Session Technical Analysis for July 25, 2017

These are the Main Daily Trading Signals and here’s how the interbank compares with the technicals at 8 AM GMT. First up is the Euro/Dollar with 5 neutral signals on its hourly chart. The mid-term is divided between red and neutral models, and the daily outlook turns bullish with 5 studies, matching the more than … Continue reading Forex Trading Signals – July 25, 2017

The Pound will turn volatile tomorrow when the U.K releases its GDP numbers and the U.S later brings forth the FOMC Statement. The Pound has been stronger in the short term and we expect investors will position themselves ahead of tomorrow’s risk events. Pound Likely to Find Volatility Again The Pound has put in respectable … Continue reading Tactics and Analysis, July 25, 2017 – Pound Needs to be Watched

Gold The market is trying to go higher in every trading session. The market fell initially but found enough support around the $1250 level and turned around to break above the $1255 level. Dips should be considered a good opportunity to buy into the market as trouble in the dollar will continue for some time … Continue reading Commodities Daily Forecast – July 25, 2017

EUR/USD The pair went through sideways movements on yesterday’s trade and went down towards 1.1625 level which is a support zone also. The market is consolidating before beginning any upward movement. The market will provide traders with a opportunity to buy in dips as the market seems fairly overbought. The 1.15 level is a strong … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 25, 2017

Gold prices were almost unaffected over the good economic data just before the Federal Reserve’s policy meeting later this week. Gold holds near one month high on Tuesday morning at $1254.75. As the Federal Reserve’s policy meeting is scheduled for Wednesday, analysts expect the Fed to keep rates unchanged. Technical Outlook The 100-day moving average crossed above … Continue reading Gold Daily Analysis – July 25, 2017

S&P 500 The S&P 500 initially fell on Monday, but continue to find support near the 2465 handle. Because of this, I think the market will bounce eventually, as this is an area that should be well supported. I think that the market will probably go looking towards the 2470 handle, and then the 2475 … Continue reading Major US Indices Forecast, July 25, 2017, Technical Analysis

The USDCNH pair failed to settle above 6.8450 resistance and pulled back to 6.7400 area, facing the previous low support at 6.7210. As mentioned before, the pullback would possibly be correction of the uptrend from 6.7210. On the downside The pair stays below a descending trend line on its 4-hour chart, with resistance at around … Continue reading USD/CNH Is Facing 6.7210 Support

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1670 and S1 of 1 1630. Price Channel Indicator Upper Line is among the 8 studies for R1, while R2 is a 2 year high with 2 … Continue reading Tuesday Support and Resistance Levels – July 25, 2017

GOLD My Bias: Long towards 1550 Wave Structure: ZigZag correction to the upside. Long term wave count: Topping in wave (B) at 1550 Important risk events: USD: CB Consumer Confidence.  Gold has spent the days to hover around the resistance/support level at 1254.63. Today’s high reached 1258.75 which is a solid break of resistance and adds weight to the bullish case … Continue reading Elliott Wave Outlook for GOLD and USD/JPY

Oil extended gains after the OPEC meeting yesterday as the members decided to limit Nigerian oil output. In addition, Saudi Energy Minister Khalid al-Falih has sparked concerns as he said that the country will limit crude oil exports next month to curb global oversupply. The American Petroleum Institute is due to release its weekly oil data later … Continue reading WTI Crude Oil Daily Analysis – July 25, 2017

We had mentioned in our forecast yesterday that the bitcoin prices are likely to consolidate and range near their range highs in the short term and that is what has been happening over the past 24 hours. We are back near the highs of its range, where we were at the beginning of the month, … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue Consolidation

The German index fell initially during the day on Monday, but found enough support to bounce again. However, we are starting to see selling pressure again and it looks as if we’re going to chop around with a negative bias. There is a massive amount of support near the €12,000 level, and a breakdown below … Continue reading DAX Index Price Forecast July 25, 2017, Technical Analysis

Dow Jones 30 The Dow Jones 30 market sold off initially on Monday, but interestingly enough found enough support at the 21,500 level to turn around and form a bit of a supportive candle on the hourly chart. I believe we are going to see a lot of bullish pressure in this area, or at … Continue reading Dow Jones 30 and NASDAQ 100 Forecast July 25, 2017, Technical Analysis