Forecasts & Analysis | Technical, Page

ETH/USDThe Ethereum markets fell against the greenback during the trading week, breaking through the bottom of a couple of hammers on the weekly chart. That’s an extraordinarily negative sign, and it shows that we will continue to struggle to find any signs of strength. I think that the markets will

BTG/USDBitcoin Gold fell again during the week, slicing through the psychologically important $50 level, and now looks likely to test major lows that occurred just two months ago. If we break down below that swing low, then the market is free to unwind, perhaps down to near zero. I think

BTC/USDBitcoin markets broke down significantly during the week, slicing through the bottom of the hammer from the previous week, and the vital $8000 level. The market breaking down below the $8000 level is a significant turn of events, and it opens up the door to the $7000 level, followed by

The German index rallied initially during the week, struggling at the €13,200 level. We felt towards the €12,800 level, but I think there is significant support just below. I think if we can break down below the €12,750 level, the market will then go looking towards the €12,500 level after

Dow Jones 30The Dow Jones 30 initially trying to rally during the week but came back a lot of the gains as the 25,000 level continues to be resistance. Forming a shooting star of course is a negative sign, especially when you do it a couple of weeks in a

The S&P 500 has been quiet during the week, trading in a 40-point range. Remember that Monday is Memorial Day in the United States, so the markets will be very quiet into almost nothing with the exception of perhaps the CFD market. However, the underlying comes back to work on

The FTSE 100 initially tried to rally during the week but found enough resistance above the turn things back around and form a massive shooting star. That of course is a very negative sign, and I think that the market is ready to start falling again. I anticipate a move

Silver markets continue to go back and forth during the week, as we see the $16.50 level offer a bit of a fulcrum for price. I think that the market is essentially trying to build some type a basing pattern, so it is possible that we will eventually see an

WTI Crude OilThe WTI Crude Oil market initially trying to rally significantly towards the $73 level, before falling drastically and breaking through the $70 level. By slicing through the $70 level, it looks likely that we will continue to drift lower, perhaps looking for the next major support level at

Natural gas markets initially fell during the week but found enough support at $2.80 level to turn around and show signs of strength. In fact, we rallied quite vigorously and towards the $3.00 level. This is an area that’s very likely to offer a lot of resistance though, so I

Gold markets initially fell during the week but found enough support at the uptrend line to turn around and continue the upside and go towards the $1350 level above which was massive resistance. The market has formed a major ascending triangle and should continue to drive the market to the

The US dollar of course has fallen against the Japanese yen during the week, forming what could be thought of as a “two-week shooting star.” There are couple of shooting stars before that as well, so I think what we are seeing is that the market is getting a bit

The US dollar has initially falling during the week, reaching towards the 1.2750 level before finding a lot of support against the Loonie. By doing so, we ended up forming a bit of a hammer like candle, and I think it shows that we are trying to build up the

The New Zealand dollar rallied significantly during the week, reaching towards the 0.70 level. That’s an area that of course attract a lot of attention as it has not only been important a couple of times, but it is also a large come around, psychologically significant number. I think that

The British pound has fallen rather rapidly over the last several weeks, as interest rates in the United States continue to pick up. If that continues to be the case, then this market should break down rather significantly, perhaps through most of the summer. I believe that the US dollar

The British pound fell through a major uptrend line on the weekly chart over the past week, which of course is a very negative sign. The large red candle course shows signs of weakness as well, and it looks likely that we will make a challenge against the ¥145 level.

The Euro tried to rally against the US dollar during the week but found enough resistance near the 1.1850 level to turn around and form a rather negative candle. At this point, we have broken through a hammer at the 61.8% Fibonacci retracement level a couple of weeks ago, and

The EUR/GBP pair has initially tried to rally during the week but found enough resistance at the 0.88 level to turn things around and form a bit of a shooting star. I find this interesting, because we have recently traded below a couple of hammers, which of course is a

The Australian dollar has gone back and forth during the week but formed a green candle after three hammers. That’s a very bullish sign, and I do think that the Australian dollar will continue to rally due to this, but I also see a major amount of resistance above. In

ETH/USDEthereum markets fell a bit during the day on Friday, as we continue to struggle overall. We are hovering around the $600 region, but it’s obvious that we have taken a turn for the worse as far as Ethereum strength is concerned. Looking at the longer-term charts, they are also