Forecasts & Analysis | Technical, Page 1

  • Christopher Lewis
    Christopher Lewis

    Silver forecast for the week of February 26, 2018, Technical Analysis

    Silver markets continue to cause a lot of noise, with a slight drift lower during the week. We are consolidating overall, and I believe we are building a bit of a base for longer-term traders to hang on to silver. However, I would hang onto physical silver, as it is

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil forecast for the week of February 26, 2018, Technical Analysis

    WTI Crude OilThe WTI Crude Oil market rallied significantly, reaching towards the $63.50 level. We are testing the bottom of an uptrend line, and that should be resistive. However, I think that the one major driving force that we have consistently seen has been a softening US dollar. So, it’s

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas forecast for the week of February 26, 2018, Technical Analysis

    Natural gas markets rallied slightly during the week, as we have seen a lot of noise in a very tight range. As you can see, we have made a complete 180 when it comes to the original move higher, but we are currently consolidating in my estimation. It is because

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  • Christopher Lewis
    Christopher Lewis

    Gold forecast for the week of February 26, 2018, Technical Analysis

    Gold markets fell a bit during the week, showing signs of exhaustion, reaching down to the $1320 level. We should continue to see buyers in that area, as we try to build up enough momentum to break out to the upside. The $1350 level offers a bit of resistance, but

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY forecast for the week of February 26, 2018, Technical Analysis

    The US dollar has rally during the week, breaking towards the 107.50 level. That’s an area that was previous up or, and it now has shown itself to be resistive. Because of this, I think that the market forming a shooting star is telling us that it could very easily

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD forecast for the week of February 26, 2018, Technical Analysis

    The US dollar has been bullish over the course of the week, meaning that the 1.25 level has continue to attract a lot of attention. This is an area that has previously both been resistive and supportive, so market memory dictates that it will continue to attract attention obviously. I

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  • Christopher Lewis
    Christopher Lewis

    NZD/USD forecast for the week of February 26, 2018, Technical Analysis

    The New Zealand dollar has pulled back during the week, testing the 0.7250 region. This is an area that has been supportive recently, and I think that the market will continue to be an opportunity to pick up to the upside, but it will be difficult to trade from a

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD forecast for the week of February 26, 2018, Technical Analysis

    The British pound initially fell during the week, breaking below the 1.40 level, but we found plenty of support underneath, and bounced enough to form a nice-looking hammer. The hammer is a very bullish sign, and it looks as if the market is going to continue to bang against this

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY forecast for the week of February 26, 2018, Technical Analysis

    The British pound has gone back and forth during the course of the week, forming a somewhat neutral candle. However, it looks likely that the candle is going to form a bit of the shooting star, and if we break down below the bottom of the shooting star, perhaps even

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD forecast for the week of February 26, 2018, Technical Analysis

    The EUR/USD pair continues to be sideways overall, as the market continues to decide whether we can break above the 1.25 level. That’s an area that will continue to be very resistive, based upon the psychology and of course the structural resistance. I think that the uptrend line should continue

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  • Christopher Lewis
    Christopher Lewis

    EUR/GBP forecast for the week of February 26, 2018, Technical Analysis

    The EUR/GBP pair has dropped a bit during the course of the week, reaching towards the 0.88 level. That’s an area that has been essentially for value over the last several months, and I don’t see anything changing in the short term. As you can see I have a lavender

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD forecast for the week of February 26, 2018, Technical Analysis

    This has been an interesting week for the gold markets, and by extension the Australian dollar. We have pulled back rather significantly, but within the overall range of trading that we had been involved in over the previous couple of weeks. For me, I believe that the market is trying

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  • Christopher Lewis
    Christopher Lewis

    Ethereum Price Forecast February 26, 2018, Technical Analysis

    ETH/USDEthereum markets rallied initially during the day on Friday, reaching above the $860 level, and extending to the $880 level. We have rolled over from there, and it looks likely that the market may drift a bit lower from here. More importantly, the Bitcoin markets look as if they are

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  • Christopher Lewis
    Christopher Lewis

    Alt Coins Price Forecast February 26, 2018, Technical Analysis

    BTG/USDBitcoin Gold initially rallied a bit during the trading session on Friday but struggled at the $120 level and rolled over rather significantly. Ultimately, the market should go looking towards the $112 level, and then perhaps even lower than that. I think that the overall downtrend of the last couple

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin Price Forecast February 26, 2018, Technical Analysis

    BTC/USDBitcoin markets initially rally during the trading session on Monday but found enough resistance to turn things around and show signs of exhaustion towards the end of the week. More importantly, the weekly candle was a shooting star and I think this shows just how tenuous this rally has been.

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  • Christopher Lewis
    Christopher Lewis

    DAX Price Forecast February 26, 2018, Technical Analysis

    The German index has rallied a bit during the day on Friday but struggled to break above the €12,500 level with any sense of gusto. I think that the market will eventually find a way to break out above there and reach towards the €12,750 level, the next resistance barrier.

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  • Christopher Lewis
    Christopher Lewis

    Dow Jones 30 and NASDAQ 100 Price Forecast February 26, 2018, Technical Analysis

    Dow Jones 30The Dow Jones 30 initially drifted a bit lower during the trading session on Friday but as you can see the 25,000 level has offered support as we formed a perfect hammer on the hourly chart. I think that the market bouncing from there makes a lot of

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast February 26, 2018, Technical Analysis

    The S&P 500 bounced from the 2700 level couple of days ago and has continued to show signs of support. I think that the 2750 level above the should be the initial target, but I think that given enough time we should continue to go higher than that. The S&P

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  • Christopher Lewis
    Christopher Lewis

    FTSE 100 Price Forecast February 26, 2018, Technical Analysis

    The FTSE 100 rallied during the trading session on Friday, pulled back a bit, then rallied again. We are hanging about the 7250 level, which is very bullish for my point of view, and I believe it’s only a matter of time before we break out to the upside. I

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast February 26, 2018, Technical Analysis

    Silver markets fell a bit during the trading session on Friday, after initially trying to reach towards the $16.60 level. The market looks very likely to continue to bounce around in general, as we are building up a larger base on the weekly chart. I think that it is only

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2296
-0.0028
-0.23%
GBPUSD
GBP/USD
1.3971
+0.0021
+0.15%
XAUUSD
Gold
1328.9
-1.2800
-0.1%
CL
Crude Oil
63.575
+0.9550
+1.53%
SPX
S&P 500
2747.0
+34.250
+1.26%
DAX
DAX 30
12539.2
+37.750
+0.3%
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