Forecasts & Analysis | Page 6
S&P 500 Price Forecast – Stock Markets Continue To Power Higher
The S&P 500 has rallied again during the trading session on Thursday, clearing the 3300 level finally. That being said, this is a market that still looks likely to go much higher.
Crude Oil Price Forecast – Crude Oil Markets Bounce A Bit
Crude oil markets look as if they are finding a bit of support here, as the 200 day EMA acts as support. After getting hammered over the last week or so, value hunters have returned.
Natural Gas Price Forecast – Natural Gas Forms Harami
The natural gas markets formed a harami during the trading session on Thursday, as the market gapped higher to kick off the session and it seems to be willing to hang around the same general vicinity.
Gold Price Forecast – Gold Markets Pulled Back Slightly
The gold markets pulled back slightly during the trading session on Thursday, as we continue to chop back and forth. One thing that should be noticed though is that we have formed a couple of hammers on the way down.
USD/JPY Price Forecast – US Dollar Pressing Highs Again
The US dollar rallied during trading against the Japanese yen on Thursday, as we continue to break above the ¥110 level. However, it should be noted that there is a significant amount of resistance in this general vicinity, as denoted by the shooting star from Tuesday.
GBP/USD Price Forecast – British Pound Continues To Try To Break Out To Upside
The British pound rallied a bit during the trading session on Thursday in order to break above the gap that had formed at the beginning of the week. Now that that gap has been filled, it becomes a question as to whether or not it will hold.
GBP/JPY Price Forecast – British Pound Breaks Higher
The British pound broke higher during the trading session on Thursday, as we have cleared a little bit of resistance in the form of the ¥143.50 level.
AUD/USD Price Forecast – Australian Dollar Continues To Show Strength
The Australian dollar has broken higher during the trading session on Thursday, as we continue to show strength based upon the market hanging above the 200 day EMA for the last four days again.