Forecasts & Analysis, Page 4

The British pound has fallen again during the week but is testing a rather important area on the chart that could cause a lot of market reaction, if we can get the proper headlines right along with it.

The British pound went back and forth during the Japanese yen during the trading week, as we continue to see a lot of noise out there. However, we have recently seen a massive turnaround, and I think it is going to be crucial to the future of this market.

The Euro drifted a bit lower during the week as we continue to see concerns about the German economy and the global economy as well. Ultimately, I think that the market does have a significant amount of support underneath though.

The Australian dollar went back and forth during the week but continues to find support at the same level that we have been paying attention to for some time. Because of this, I think that we do have more of an upside risk than anything else.

Bitcoin and other major crypto coins have managed to retain positive action across the week and range bound action is likely to continue across the day.

The US dollar fell a bit during the trading session on Friday, as we continue to see a lot of resistance above at the 200 day EMA. At this point, the 61.8% Fibonacci retracement level has offered significant resistance as well, but as we go into the weekend it looks

The British pound initially fell during trading on Friday but found enough support at a crucial juncture to turn things around and show fight yet again. This continues to be a lot of noise, but that’s typical if you’re going to get a trend change.

The British pound pulled back a bit against the Japanese yen during the trading session on Friday but found enough support to turn around of form a bit of a hammer early in the day. This is a good sign, and it looks as if the British pound is finding

The Euro try to break down during the trading session on Friday, after comments by an ECB member. However, it has shown a resilient attitude, as we have turned right back around to show signs of life.

The Australian dollar initially fell during the trading session on Friday but turned around to show signs of life again. Quite frankly, I think that the Aussie has found its bottom for the most part and that the market will eventually go higher.

Higher oil prices and hopes for a US-Chinese trade deal keeps the pair range bound.

Based on the earlier price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at 2760.75.

Based on the early price action, the direction of the April Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $1320.10 and the Fibonacci level at $1317.90. Basically, the early price action suggests the buying could

Based on the early price action the direction of the EUR/USD on Friday is likely to be determined by trader reaction to the resistance cluster at 1.1294 to 1.1296. The main trend is down according to the daily swing chart. Yesterday’s closing price reversal bottom was an attempt to shift

The market showed a muted response to the EIA numbers, but today’s price action suggests a slight reaction to expectations of strong demand this weekend through the middle of next week. However, gains are likely to be limited by reports of a milder trend coming in late next week through

DAX to open subdued on cues from international markets but outcome at end of the day is likely to be decided by headlines driven momentum.

Bad data from the US helped the precious metals to climb higher and on both: Gold and Silver, we are very close to see major long-term buy signals.

The main trend is up according to the daily swing chart. However, momentum shifted to the downside with the formation of a closing price reversal top on Thursday and its confirmation earlier today.

Based on the early price action, the direction of the April crude oil futures contract on Friday is likely to be determined by trader reaction to the downtrending Gann angle at $54.93.

Macro data updates eyes for directional cues as USD price dynaimcs controls price action.