Forecasts & Analysis | Technical, Page

  • Christopher Lewis
    Christopher Lewis

    Ethereum markets have another rough week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Alt coins fall again for the week as crypto currencies continue to struggle

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Bitcoin markets fall again during the week, slicing through major support

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    DAX struggles during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    US stock markets pause before the Memorial Day weekend

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    S&P 500 shows slight bullish pressure during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    FTSE 100 tries to rally during the week but fails

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Silver markets go back and forth during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude oil markets have a rough week and sell off drastically on Friday

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Natural gas markets rocket to the upside during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Gold markets bounce from crucial trend line during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    US dollar falls against Japanese yen for the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    US dollar recovers nicely against Canadian dollar for the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    New Zealand dollar rallies then fails against the greenback for the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    British pound falls through trendline against greenback during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    British pound slices through uptrend line against Japanese yen

    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.

    Read More
  • Christopher Lewis
    Christopher Lewis

    Euro fails to hold rally against dollar during the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Euro tries to rally against Sterling for the week but fails

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    US dollar rallies against the Australian dollar for the week

    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

    Read More
  • Christopher Lewis
    Christopher Lewis

    Ethereum markets struggle again going into the weekend

    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

    Read More

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1649
-0.0074
-0.63%
GBPUSD
GBP/USD
1.3297
-0.0084
-0.63%
XAUUSD
Gold
1300.9
-3.0600
-0.23%
CL
Crude Oil
67.505
-3.1650
-4.48%
SPX
S&P 500
2721.0
-8.2500
-0.3%
DAX
DAX 30
12929.0
+6.5000
+0.05%
Live Quotes

Top Promotions

Top Brokers

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox