Forecasts & Analysis, Page 5

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Deep Plunge Sets Up Eventual Test of $1251.90

    Gold futures plunged on Friday after long investors threw in the towel and liquidated positions aggressively in reaction to several key central bank decisions earlier in the week from the U.S. Federal Reserve, the European Central Bank and the Bank of Japan.August Comex Gold futures settled at $1278.50, down $29.80

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  • Christopher Lewis
    Christopher Lewis

    Ethereum Weekly Price Forecast – Ethereum looking for support

    ETH/USDEthereum markets fell against the US dollar again during the week, with a special emphasis on the Friday session as we lost over 5% during that day. However, when you look at the longer-term charts you can see that the $500 level has been somewhat important more than once. We

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  • Christopher Lewis
    Christopher Lewis

    Alt Coins Weekly Price Forecast – more softness in the alt coin markets

    BTG/USDBitcoin Gold fell during the week, as we continue to see softness in this market. We have broken solidly below the $40 level and see this market as being one of the more toxic of the crypto currencies. At this point, I think that the $50 level is going to

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  • Christopher Lewis
    Christopher Lewis

    Bitcoin Weekly Price Forecast – Bitcoin falls but finds signs of support

    BTC/USDBitcoin fell during the week, reaching down towards the $6000 level before bouncing to form a bit of a hammer. At this point, if we can break above the top of the hammer I would anticipate that the market could try to work its way towards the $8000 level. However,

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  • Christopher Lewis
    Christopher Lewis

    DAX Weekly Price Forecast – German index rallies for the week

    The German index rallied significantly during the week, reaching towards the €13,200 level. If we can break above that level, the market is likely to continue going higher, perhaps reaching towards the €13,600 level next. Longer-term, I believe that the market probably goes looking towards the €15,000 level. I think

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  • Christopher Lewis
    Christopher Lewis

    Dow Jones 30 and NASDAQ 100 Weekly Price Forecast – overall bullish attitude remains

    Dow Jones 30The Dow Jones 30 fell during the week, crashing back towards the 25,000 level, an area that of course will attract a lot of attention as there is a large, round, psychological importance to that figure. The market also looks as if it is ready to continue to

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – S&P 500 very noisy during the week

    The S&P 500 has formed a slightly exhaustive looking candle, and I think that the 2800 level above continues to be a major barrier. If we can break above there, then the market will more than likely go looking towards the 2900 level again. I think at this point, it’s

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  • Christopher Lewis
    Christopher Lewis

    FTSE 100 Weekly Price Forecast – FTSE 100 to show signs of weakness

    The FTSE 100 rallied a bit during the week but turned around at the 7800 level to turn a move lower. The shooting star looks very likely to signal that we could pullback, but I think there is plenty of buying pressure underneath and it’s only a matter time before

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets giveback massive gains during the week

    Silver markets initially tried to rally during the week, and even accomplished a move towards the $17.40 level. However, we found enough resistance in that region to turn things around and form a bit of a shooting star. The shooting star of course is a negative sign, and if we

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil markets collapse on Friday

    WTI Crude OilThe WTI Crude Oil market initially rallied during the week, reaching towards the $67 level before rolling over and forming a nasty looking candle. We are testing a significant uptrend line on the weekly chart, and I think that we are in serious danger of breaking down below

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas markets rally significantly during the week

    Natural gas markets have been trying to break above the $3.00 level for the last several weeks, and during the Friday session this past week, we did do just that. By doing so, it opens the door to the $3.10 level above, which is an area that should continue to

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets fall significantly

    Gold markets initially tried to rally during the week but found plenty of resistance near the $1305 level to turn around and break down significantly. The market has broken through a major uptrend line, and it now looks as if the $1275 level will be targeted. If we can break

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar rallies during the week

    The US dollar has rallied significantly during the week, breaking the top of the shooting star from the previous week, a very bullish sign. By doing so, it’s likely that the market will continue to go back and forth in this general vicinity, mainly because we are looking at tariffs

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  • Christopher Lewis
    Christopher Lewis

    USD/CAD Weekly Price Forecast – US dollar rally significantly against Canadian dollar this week

    As we are starting to see tariff supplied around the world, Canada was a victim of US tariffs and wrath during the week. We initially gapped higher during the week, came back to fill that gap, and then have exploded to the upside. We are testing the 1.32 level as

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  • Christopher Lewis
    Christopher Lewis

    NZD/USD Weekly Price Forecast – New Zealand dollar breaks down during the week

    The New Zealand dollar has broken down during the week, slicing through the 0.70 level. In fact, we have even broken down below the 0.6950 level. The 0.68 level underneath is the bottom of a longer-term consolidation area as you can see marked on my chart by a purple box,

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound falls during the week

    The British pound has fallen significantly during the week, slicing through the 1.33 level. That’s an area that offered support more than once, as well as resistance. It’s the 38.2% Fibonacci retracement level of the recent march higher, and I think at this point if we break down below the

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound noisy against Japanese yen as trade fears dominate

    The British pound went back and forth or the week, forming a slightly negative candle, and it looks likely that we will continue to be very choppy and erratic. The ¥145 level underneath is massive support, of course demonstrated by the massive hammer that formed a few weeks previously. I

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro falls during week testing support

    The EUR/USD pair fell significantly during the week as the ECB suggested that interest rate hikes are coming until summer of 2019, and that means that the Euro may have been overvalued to begin with. The 1.15 level has been massive in its importance, as we formed a huge camera

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  • Christopher Lewis
    Christopher Lewis

    EUR/GBP Weekly Price Forecast – continued consolidation

    The EUR/GBP pair continues to grind sideways overall, and I think that it is likely that the longer-term traders are on the sidelines as we don’t have any significant amount of clarity when it comes to this market. Short-term traders continue to push this market back and forth and there

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Aussie struggles during the week

    The Australian dollar has broken down rather significantly during the week, slicing through the uptrend line, and then breaking below the psychologically important 0.75 handle. This is a very negative sign, and I think it’s only a matter of time before we go lower. When I look at the weekly

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Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1576
-0.0011
-0.09%
GBPUSD
GBP/USD
1.3167
-0.0006
-0.05%
XAUUSD
Gold
1274.9
+0.2200
+0.02%
CL
Crude Oil
65.335
+0.2650
+0.41%
SPX
S&P 500
2773.2
+6.0000
+0.22%
DAX
DAX 30
12708.5
+36.000
+0.28%
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