Forecasts & Analysis, Page 15

  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets plunge on Friday again

    The S&P 500 ended the week rather sloppily, but the 2600 level underneath is massive support as we have seen more than once, so I think it is possible we could get buyers. However, if we break down below the 2600 level that could unleash the market towards the 2500

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets rally to close the week

    Silver markets have rallied a bit during the trading session on Friday, clearing the 50 day EMA, reaching towards the $15 level above, an area that has been massive resistance. I think if we can break above there, then it’s likely that we could go much higher, perhaps breaking out

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets show strength on Friday

    WTI Crude OilThe WTI Crude Oil market initially fell during the trading session on Friday, and then bounced hard to reach towards the $54 level. I think that there is a significant amount of resistance at the $55 level, and if we can get above there I think that the

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas continues to chop

    Natural gas markets seem to have a lot of confusion built in, because we have the seasonal bullish pressure of cold temperatures in the United States, and then we have the fact that there is a ton of natural gas available for anybody who’s willing to stick a straw on

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets testing major resistance

    Gold markets rallied significantly during the trading session on Friday after the jobs number, breaking above the $1250 level, an area that has caused resistance in the past. Quite frankly, if we can break above the top of the range for the day on Friday, I think gold could take

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar continues to find support underneath

    Check that, there was at least one important thing settled, the fact that there is significant support underneath, that is holding itself strong. The uptrend line continues to offer buyers, just as the 200 day EMA offer support as well. I think at this point, we will find plenty of

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound continues to struggle

    With the Brexit going on, or at least the conversation in Parliament about the Brexit going on, it is not surprising that the market is struggling to take off to the upside. I think that the 1.27 level is a major support though, but when you look at the last

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound falls slightly

    The British pound has pulled back slightly during the trading session on Friday, as we continue to bounce around overall. It looks as if the market is going to continue to be back and forth, and simply choppy. I think that headlines will continue to push this market around, with

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro continues to find resistance at 1.14

    The Euro rallied a bit during the trading session on Friday after the jobs report came out but gave back quite a bit of the gains. By doing so, it looks like the market is trying to break towards the 1.15 handle, an area that I think is the gateway

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar continues to find support

    The Australian dollar fell a bit during the trading session on Friday, but then turned around form a hammer. The hammer of course is a bullish sign and of course there is a lot of support just below. I think that eventually we could bounce from here and go towards

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  • Anil Panchal
    Anil Panchal

    Technical Outlook For USD/CAD, AUD/CAD & NZD/CAD: 07.12.2018

    USD/CADEven after trading at the highest levels in eighteen-months, the USDCAD has to close beyond 1.3410 on a weekly closing basis in order to aim for 1.3450 and the 1.3500 resistances-levels; however, the 1.3585-1.3600 confluence-region, including upper-line of an ascending trend-channel & horizontal-barrier, can confine the pair’s upside if at

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  • Colin First
    Colin First

    Bitcoin And Ethereum Daily Price Forecast – BTC & ETH Charts New 2018 Lows

    Bitcoin recently tumbled below the bottom of its falling wedge pattern on the 1-hour time frame to signal that further losses are in the cards. Price is finding support at the $3,330 area though, so a pullback to the broken support may be in the works. RSI is already indicating

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  • Colin First
    Colin First

    USD/CAD Daily Price Forecast – USD/CAD Flat Near Overnight Highs Ahead of US NFP Data

    After yesterday’s late pull-back from near 18-month tops, the USD/CAD pair regained positive traction and is now looking to move back above the 1.3400 handle. A modest US Dollar retracement, led by a late recovery in the US equity markets, was seen as one of the key factors prompting some

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 7, 2018

    GoldThe gold market was noisy during yesterday’s session as the market is now struggling to break above the $1250 level which is also a psychologically important level. Today the market is likely to remain choppy for most of the session as US job numbers are expected later today. A positive

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  • Colin First
    Colin First

    Forex Daily Outlook – December 7, 2018

    EUR/USDThe pair failed to rally higher during the Thursday’s session as the 1.1350 level is attracting a lot of attention and also providing support to the market. The market today will remain choppy because of the job figures ahead and if the numbers come out positive, then it could break

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  • FBS
    FBS

    Trading plan for December 7

    $50 Welcome Bonus – the easiest way to progress on ForexNFP, Canadian job data, OPEC Meetings… all these will create a high volatility on markets. Follow the trading plan to be ready for an extensive trading!

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for December 7, 2018

    The Euro is trading nearly flat shortly ahead of the U.S. opening and the release of the U.S. Non-Farm Payrolls report at 1330 GMT. Bullish traders are hoping for a weak jobs report because this will increase the chances the U.S. Federal Reserve will pull back on its plans to

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Bullish Traders Hoping for Weak Jobs Report

    Gold futures are trading higher early Friday shortly before the regular session opening and the release of the U.S. Non-Farm Payrolls report. Traders are reacting to a weaker U.S. Dollar and a report that the U.S. Federal Reserve may pause its tightening cycle. Today’s job report will offer clues as

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  • Lukman Otunuga
    Lukman Otunuga

    Oil Tumbles as OPEC Waits for Russia to Commit: NFP in Focus

    Open your FXTM account todayA sense of disappointment swept across oil markets on Thursday after OPEC delayed a decision on production cuts.Although OPEC tentatively agreed to cut oil output, the cartel’s failure to decide on exactly how much crude will be taken off the markets sent crude prices tumbling more

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Daily Forecast – Expect Volatile Reaction to Production Cut Announcement

    U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, but inside yesterday’s range. The price action suggests investor indecision and impending volatility. Traders are being indecisive because they are waiting for the OPEC-led production cut announcement. We’re looking for a volatile reaction in the

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