Forecasts & Analysis |
EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – March 8th, 2021
It’s a mixed start to the day for the majors. Failure to break back through early highs would bring support levels into play.
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 8th, 2021
It’s a bullish start to the day for the majors after yesterday’s late rally. Steering clear of the pivot levels would leave resistance levels in play.
U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 92.310, Weakens Under 91.705
Friday’s price action suggests the direction of the March U.S. Dollar Index on Monday will be determined by trader reaction to 92.310.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Formed Potentially Bullish Reversal Bottom on Friday
The closing price reversal bottom chart pattern indicates the direction of the index on Monday will be determined by trader reaction to 12797.00.
Gold Price Futures (GC) Technical Analysis – Strong Move Over $1711.70 Could Mean Gold Hit Bottom on Friday
The direction of the April Comex gold market on Monday is likely to be determined by trader reaction to the major Fibonacci level at $1711.70.
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Sentiment Shift Rekindles Bullish Tone
The direction of the March E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to the minor pivot at 31273.
Crude Oil Price Update – Upside Momentum Strong; Closing Price Reversal Top Will Be First Sign of Weakness
Taking out $66.92 could trigger an acceleration to the upside with the psychological $70 level the next upside target.
Gold – 1600s Brushed!
Now really apropos is our anticipatory piece from two weeks ago (“Gold’s Near-Term Brush with the 1600s”) as ’tis become reality. Gold settled out the week yesterday (Friday) at 1698 (almost kissing where ’twas a year ago in the above chart) and has now traded in tow to as low
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