Forecasts & Analysis | Technical, Page

Based on the early price action, the direction of the June E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to the 50% level at 7422.50 and the uptrending Gann angle at 7431.75.

Based on the early price action, 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 short-term 50% level at 25585.

This morning, the commodity market got a new impulse for growing. Brent is moving upwards on Monday 20th; it added 1.1% and is currently trading at 72.96 USD, although in the morning the highest level was 73.40 USD.

Based on the early trade and the last price at 2839.50, 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 50% level at 2844.00.

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 1.1164 and the uptrending Gann angle at 1.1152.

The Greenback may fall in the near term from its top levels soon as US-Sino trade talks head in the wrong direction. The Canadian economy may benefit from the recent US Aluminum-Steel tariff cuts.

Dear Traders,The POC zone shows a nice confluence between W H3 and Bearish order block. We might see a rejection if the price gets in the zone. –>1.2800-25 should reject the price. Watch for a reversal candle formation in the zone or any other trigger that should mark the beginning

Brexit fails to provide the fundamental support to the Sterling Pound pair. May might lose again. Meanwhile, the pair moves into the upper vicinity of the Bollinger Bands, showing uptrend signs.

In our opinion, there are a number of elements to the unfolding global market economics that play into our future expectations. China becomes one of the biggest unknowns simply because we believe the best information we have at the moment is shaded and hidden in terms of true values.

June U.S. Dollar Index traders should keep an eye on the Euro since it is heavily weighted in the index. The Dollar Index could weaken if the EUR/USD takes out 1.1164 and strengthen if the EUR/USD breaks through 1.1152.

Pessimism around trade talks may further worsen the market sentiment. All the SMAs hovered just above the EUR/USD pair marking an overall bearish outlook.

Short-covering and aggressive speculative buying is driving the price action today. If the change in sentiment continues over the near-term then look for the rally to possibly extend into the Fibonacci level at .6967, followed closely by the downtrending Gann angle at .6976.

Based on last week’s price action and close at $71.26, the direction of the August Brent crude oil market this week is likely to be determined by trader reaction to the main Fibonacci level at $71.31.

It’s back in the red for Monero’s XRM. A move back through to $90 levels would signal a rebound…

The pendulum swings to leave the majors in the red early on. With volatility on the rise, a move through key levels would support a rebound…

Based on last week’s price action and the close at $2.664, the direction of the July natural gas market this week is likely to be determined by trader reaction to the uptrending Gann angle at $2.694.

Based on last week’s price action and the close at 1.1157, the direction of the EUR/USD this week is likely to be determined by trader reaction to the major Fibonacci level at 1.1185. Watch the price action and read the order flow on a test of 1.1235 this week because

Based on last week’s price action and the prolonged move down in terms of price and time, the direction of the NZD/USD this week is likely to be determined by trader reaction to last week’s low at .6513. Taking out .6513 then recovering last week’s close at .6514 will put

Based on last week’s price action and the close at 110.068, the direction of the USD/JPY this week is likely to be determined by trader reaction to the uptrending Gann angle at 110.180.

The bulls take back control in the early hours. Holding on to the end of the day would support a bullish start to Monday.