Forecasts & Analysis | Technical, Page 1

  • Jack William Everitt
    Jack William Everitt

    Tuesday Support and Resistance Levels – January 16, 2018

    You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out.Euro/Dollar has held the ground it gained yesterday, standing between R1 of 1 23 and S1 of 1 2250.Price Channel Indicator Upper Line is among the 3 models for R1, whereas the upper two

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Yen gains again. Bitcoin aims 11k

    USDJPY broke an important support on the 110.8 and now is testing that it as closest resistance. The first contract with this area from the bottom is good for sellers as the price created a shooting star on the H4 chart. As long, as we stay below the orange area,

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 16, 2018

    GoldThe gold prices rallied a bit during the Monday’s session but faced resistance to go forward due to thin volume on account of US market closure. Pullbacks in this market offer significant value as the US dollar is underperforming significantly against most of the currency. The $1325 level is going

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  • Colin First
    Colin First

    EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – January 16, 2018

    EUR/USDThe pair broke above the 1.2275 level during the yesterday’s session and reached towards the 1.23 level. The market has turned extremely bullish in the last two sessions and any pullback will offer value that can be taken advantage of. The market is possibly going to towards the 1.24 level

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – BTC Prices Fall on South Korea Fears

    The bitcoin prices have been correcting lower and we had mentioned as such in our forecasts over the last few days. The market seems to be a bit spooked with the news from South Korea where we seem to be getting different news on different days making it difficult for

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  • Christopher Lewis
    Christopher Lewis

    Ethereum Price Forecast January 16, 2018, Technical Analysis

    Ethereum markets went sideways on Monday, essentially going nowhere. The markets continue to hover around the $1300 level, with the $1280 level offering support. Volume was missing, as Americans were celebrating the Martin Luther King Jr. holiday, and therefore a sideways day is not a huge surprise. I have an

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin Gold DASH and Monero Price Analysis January 16, 2018, Technical Analysis

    Bitcoin GoldBitcoin Gold initially went sideways during the trading session on Monday, hovering around the $280 level. However, we broke above the $300 level, and then reach towards the $340 level. We did start to pull back a little bit and are reaching over hot conditions on the stochastic oscillator,

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin Price Analysis January 16, 2018, Technical Analysis

    BTC/USDBitcoin markets were slightly bullish during the trading session on Monday, but the volume certainly wasn’t coming from the United States as most traders were away for the Martin Luther King Jr. holiday. I believe that the $13,000 level underneath is support, but I also believe that the $17,000 level

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  • Christopher Lewis
    Christopher Lewis

    DAX Index Price Forecast January 16, 2018, Technical Analysis

    I believe that the German index going sideways during the session on Monday wasn’t much of a surprise, as we are trying to build a bit of a base near the €13,200 level. If we can break above the €13,250 level on the daily chart, I think we will then

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  • Christopher Lewis
    Christopher Lewis

    Dow Jones 30 and NASDAQ 100 Price Forecast January 16, 2018, Technical Analysis

    Dow Jones 30Dow Jones 30 traders rally during the trading session on Monday, but keep in mind that the underlying index wasn’t open, so this is the retail trader looking to go long in this market longer term. I think that pullbacks will continue to be buying opportunities as we

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast January 16, 2018, Technical Analysis

    US stock markets in general have been very bullish, and I think that the S&P 500 will continue to be the same. CFD traders of course were slightly bullish during the day, but I think that only so much can be read by that. I think that if we do

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  • Christopher Lewis
    Christopher Lewis

    FTSE 100 Price Forecast January 16, 2018, Technical Analysis

    The FTSE 100 has gone back and forth during the session on Monday, as we continue to see this uptrend line on the hourly chart offer plenty of support. I think that given enough time, the market will go higher, perhaps breaking above the 7800 level. Once we get above

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast January 16, 2018, Technical Analysis

    Silver markets were noisy during the opening hours of Monday, but then settled near the $17.30 level. Ultimately, silver looks bullish, as we should continue to see buyers going forward, giving us an opportunity to buy dips based upon value. The anti-US dollar sentiment should continue to be an issue

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast January 16, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil markets have pulled back just a bit, testing the 24-hour exponential moving average. However, we rallied from there and trying to reach towards the $65 level. If we can finally break above there, the market should continue to go much higher, but in the

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast January 16, 2018, Technical Analysis

    Natural gas markets gapped lower during the open on Monday, I believe that the market will eventually try to fill this gap, but then rolled over to show signs of lackadaisical trading. I believe that a breakdown is coming, mainly because the natural gas markets cannot hang onto gains for

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast January 16, 2018, Technical Analysis

    The gold markets have rallied a bit during the trading session on Monday, but keep in mind that the market is thin due to Americans celebrating the Martin Luther King Jr. birthday. Because of this, volume is an issue and is very likely that the moves will be bullish longer-term,

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast January 16, 2018, Technical Analysis

    The US dollar has drifted below the 111 level, and reached towards the 110.50 level below where we found a little bit of bullish pressure. The support I think extends down to the 110-level underneath, which is a large, round, psychologically significant number. It is the 61.8% Fibonacci retracement level

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Price Forecast January 16, 2018, Technical Analysis

    The United States dollar drifted a little bit lower against the Canadian dollar, breaking below the 1.2450 level. By doing so, it looks likely that we will go hunting the 1.24 level underneath, and then possibly the 1.2350 level. A fresh, new low is a very negative sign and should

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  • Christopher Lewis
    Christopher Lewis

    NZD/USD Price Forecast January 16, 2018, Technical Analysis

    The New Zealand dollar initially gapped lower at the open on Monday, but turned around to rally towards the 0.73 handle above. With it being Martin Luther King Jr Day in America, volume was very thin once the Americans came on board, but at the end of the day it

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast January 16, 2018, Technical Analysis

    The British pound rallied significantly during the trading session on Monday, and what would have been somewhat thin trading in America as the Martin Luther King Junior holiday was being celebrated. I believe that the 1.3740 level is significant support as well, so I think that it’s only a matter

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2233
-0.0032
-0.26%
GBPUSD
GBP/USD
1.3776
-0.0016
-0.12%
XAUUSD
Gold
1335.1
-6.0700
-0.45%
CL
Crude Oil
64.385
-0.3250
-0.5%
SPX
S&P 500
2802.0
+8.2500
+0.3%
DAX
DAX 30
13266.2
+50.750
+0.38%
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