Forecasts & Analysis | Technical, Page 2

  • Christopher Lewis
    Christopher Lewis

    US dollar struggles against Canadian dollar on Wednesday

    The US dollar struggled a bit against the Canadian dollar after initially trying to rally on Wednesday, as the 1.26 level brought in fresh selling. Remember that the crude oil market will have a definite effect on the Canadian dollar, so if it can strengthen a bit, it’s very likely

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  • Christopher Lewis
    Christopher Lewis

    New Zealand dollar continues a rough ride lower on Wednesday

    The New Zealand dollar fell rather significantly early during Wednesday trading, but found the 0.73 level to be a bit supportive. We bounced significantly from there, but as we approach the previous consolidation area, convention dictates that we should see selling pressure. It is because of this that I am

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  • Christopher Lewis
    Christopher Lewis

    British pound has a violent session on Wednesday

    The British pound has pulled back to the 1.4175 handle, an area that has been support in the past, and as we have bounced so significantly from that level, I suspect that we are going to continue going higher. I recognize that the 1.43 level above is resistance, but once

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  • Christopher Lewis
    Christopher Lewis

    British pound falls against Japanese yen in early Wednesday trading

    The British pound initially drifted sideways early during the trading session on Wednesday but found plenty of selling pressure as we broke through the 153 handle, reaching down towards the 152 level. We did get a bounce from there, and by the time the Americans jumped on board we had

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  • Christopher Lewis
    Christopher Lewis

    Euro rallies during trading session on Wednesday, using previous resistance as support

    The EUR/USD pair has pulled back slightly during the trading session on Wednesday, reaching towards the 1.2350 level, an area that has been both support and resistance as of late, and was previous major resistance. I think the market should then go to the 1.25 level above, an area that

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  • Christopher Lewis
    Christopher Lewis

    EUR/GBP breaks above 0.87 on Wednesday

    The British pound got pummeled against most currencies around the world during the trading session, but as I record this video, it is starting to show signs of resiliency again. If that’s going to be the case, this market should break back down. I believe that on a move below

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  • Christopher Lewis
    Christopher Lewis

    The Australian dollar rallied significantly on Wednesday

    Pay attention to the gold market, that could give us an idea as to where the Australian dollar will go. The gold markets rallied towards the $1350 level, and if we can break above there I think the market probably will continue to see the AUD/USD pair continue to go

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Trend Up, but Momentum Shifting to Downside

    The AUD/USD is trading lower on Wednesday after the release of a disappointing employment report. Australian employment was up in March, extending the streak of consecutive job gains to a record 18 months, however the report indicated the pace of unemployment is slowing.Daily AUD/USDDaily Swing Chart Technical AnalysisThe main trend

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  • David Becker
    David Becker

    Natural Gas Reverses Generating a Fake Out not a Break Out

    Natural gas prices whipsawed attempting to pressure higher but failing and reversing and closing near the session lows. Prices had attempted to break out above trend line resistance which held firm at 2.79. Support is seen near the 10-day moving average at 2.705. Short-term momentum has turned negative as the

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  • David Becker
    David Becker

    Gold Climbs But Cannot Following Silver’s Breakout

    Gold prices moved higher but remain range bound as the dollar was strong capping upside movements in the yellow metal. Silver prices broke out but gold could not following the path of its less expensive precious metal.TechnicalsGold prices moved higher on Wednesday bouncing at support near the 10-day moving average

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  • David Becker
    David Becker

    Crude Oil Breaks Out on Bullish EIA Inventory Report

    Crude oil prices broke on Wednesday following a report from the Department of Energy that showed a larger than expected draw in total petroleum inventories. Stocks declined in both crude oil and products, as imports move lower. U.S. domestic crude production continues to rise by the increase barely offset the

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  • David Becker
    David Becker

    The EUR/USD Edges Higher but Soft Inflation Caps the Currency Pair

    The EUR/USD moved higher but remains range bound as lower than expected inflation failed to buoy the greenback.  German unfilled orders continue to rise which shows that growth in the EU’s largest economy is strong despite subdued inflation.UK inflation was unexpectedly softer than expected.TechnicalsThe EUR/USD moved higher bouncing off support

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Needs to Clear 24923 For Upside Acceleration

    June E-mini Dow Jones Industrial Average futures are trading higher at the mid-session, but lagging behind the S&P 500 Index and NASDAQ Composite Index. Weakness in IBM has been a drag on the Dow. A spike to the upside in crude oil is helping to support the energy sector.Daily June

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Still Vulnerable to Closing Price Reversal Top

    June E-mini S&P 500 Index futures are trading higher at the mid-session on Wednesday. Earnings continue to be supportive, but the market is getting an additional boost from a surge in oil sector stocks. Weakness in IBM has been a little bit of a drag on the index.Daily June E-mini

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  • Nenad Kerkez
    Nenad Kerkez

    Gold Trend Line Break Expected on a Positive Momentum

    Gold is rejecting POC zone, and soon we might see a trend line break (blue dotted line) that could be a sign of a trend continuation. 1335-40 is the POC zone, and the trend line break is expected if the price closes above 1348. The first target is 1354.47 and

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  • Anil Panchal
    Anil Panchal

    Important AUD Pairs’ Technical Overview: 18.04.2018

    AUD/USDFollowing its U-turn from 0.7805–0.7800 horizontal-resistance, the AUDUSD seems declining towards 0.7725-20 support test, but oversold RSI may confine the pair’s further downside, failing to which can highlight the 0.7700 and the 0.7670 rest-points. During the pair’s additional south-run beneath the 0.7670, the 0.7650 may become an important level to

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  • Colin First
    Colin First

    EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – April 18, 2018

    EUR/USDThe pair failed to rally above 1.24 level during the Tuesday’s session as it got too resistive to cross over and dropped towards the 1.2350 level. This area is a bit of support for the market and is likely to find buyers soon to take the market higher. If the

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  • Bob Mason
    Bob Mason

    Cardano’s ADA Technical Analysis – The Cardano Rally Resumes – 18/04/18

    Key HighlightsCardano’s ADA slid 6.21% on Tuesday, partially reversing Monday’s 13.27% gain, to end the day at $0.2415.An intraday high $0.285 broke through the day’s first major resistance level of $0.2736 to test the 2nd support level of $0.2901.An end of the day $0.24155 low held above the 23.6% FIB

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  • Colin First
    Colin First

    Bitcoin and Ethereum Price Forecast – Prices Choppy

    The BTC prices have been chopping around over the last 24 hours which is a further sign of consolidation and ranging. The prices have been moving on either side of $8000 but so far, the moves have been pretty limited and we have not seen any signs of a breakout

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  • Christopher Lewis
    Christopher Lewis

    Ethereum markets quiet during Tuesday session

    ETH/USDEthereum went sideways against the US dollar during trading on what would have been a very quiet Tuesday session. It looks as if the $500 level is going to offer support, and I think if we can stay above that level, the market will finally go much higher, perhaps reaching

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2362
-0.0015
-0.12%
GBPUSD
GBP/USD
1.4219
+0.0018
+0.13%
XAUUSD
Gold
1345.8
-4.4400
-0.33%
CL
Crude Oil
68.995
+0.2750
+0.4%
SPX
S&P 500
2692.3
-20.125
-0.74%
DAX
DAX 30
12554.7
-49.250
-0.39%
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