Forecasts & Analysis, Page 6

  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro has miserable week

    The Euro fell during the week, having a bit of a miserable run as we are closing much lower than we opened. However, there is a significant amount of support underneath at the 61.8% Fibonacci retracement level as you can see did noted by the Fibonacci retracement to on the

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Australian dollar looks sick

    The Australian dollar has recently rallied over the last several weeks, but the previous week was a very negative looking, with this week initially rallying but finding trouble at a previous resistance barrier. Now while I do not think that we are looking at a massive break down waiting to

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  • Christopher Lewis
    Christopher Lewis

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

    The S&P 500 continues to show weakness, as we have rolled over and broke down below the three shooting stars that had formed on the previous three days. At this point, it looks as if we are going to test the 2600 level, an area that has been massive support.

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets fall on Friday

    Silver markets fell a bit during the trading session on Friday, reaching towards the 50 day EMA. That’s an area that does tend to attract a lot of attention, but it is starting to offer support. That’s a good sign, so I think that the market may try to bounce

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil continues to struggle

    WTI Crude OilThe WTI Crude Oil market rallied at the very beginning of the session, only to break down and form a very negative candle stick. We are currently in a major wedge pattern, so I think at this point we will continue to see a lot of noise but

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets break major support

    Natural gas markets broke down during the trading session on Friday, breaking through the 50 day EMA. At this point though, it should be pointed out that the continuation shooting star from Thursday has proven itself to be reliable, and it now looks as if rallies at this point will

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets pulled back on Friday

    Gold markets pulled back a bit during the trading session on Friday, giving back the gains from above $1250 that were found last week. I think at this point, the 50 day EMA could cause a bit of support, and if we turn around to break above the $1250 level

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar running into resistance

    The US dollar has done very little during the trading session on Friday as we got a bit too close to the 114 level. At that area, we see significant resistance all the way to the 115 handle, so don’t be surprised at all if we turn around and roll

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound continues to slide

    The British pound has broken down during the Friday session, slicing through the bottom of the shooting star that had formed on Thursday. After the relief rally due to Teresa May avoiding a no-confidence vote, the British pound has continued its downward trajectory. Based upon the descending triangle above, I

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound falls hard

    The British pound has fallen a bit during the trading session on Friday, breaking below the ¥143 level again. This wipes out the bullish pressure and relief rally that we had seen due to Teresa May being able to survive a no-confidence vote. We are now focusing on the longer-term

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – the Euro falls on Friday

    The Euro broke down during the trading session on Friday, reaching below the 1.13 level. We have broken below the bottom of a symmetrical triangle, so this does suggest that perhaps we are going to go lower eventually. At this point, it’s likely that short-term rallies will continue to be

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar breaks down

    The Australian dollar broke down significantly during the trading session on Friday, as the 0.7250 level has offered resistance. By forming a couple of shooting stars on the daily chart proceeding this candle, it gave you a bit of a “heads up” of what’s about to happen. Rallies at this

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Edges Lower as Dollar Rallies

    Gold prices moved lower on Friday as the dollar gained traction against the Euro. Stronger than expected US retail sales combined with a weaker than expected flash PMI reading in the EU lead to the headwinds experienced by gold.Technical AnalysisGold prices continue to trade sideways but moved lower on Friday.

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  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 14, 2018 Forecast

    December E-mini NASDAQ-100 Index futures are called lower. The index is being pressured by weaker-than-expected economic data from China and the Euro Zone. The selling started early in the session after China reported industrial output and retail sales growth numbers for November that missed expectations. The sell-off extended after shares

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  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – December 14, 2018 Forecast

    December E-mini Dow Jones Industrial Average futures are trading lower shortly before the cash market opening. The market is being pressured by weaker-than-expected economic data from China and renewed concerns over a weakening Euro Zone economy. China reported industrial output and retail sales growth numbers for November that missed expectations.

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  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – December 14, 2018 Forecast

    December E-mini S&P 500 Index futures are expected to open lower based on the pre-market trade. The catalyst behind the selling pressure is weaker-than-expected economic data in China and renewed concerns over a weakening Euro Zone economy. China reported industrial output and retail sales growth numbers for November that missed

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Technical Analysis for December 14, 2018

    The Euro is plunging on Friday after the release of weaker-than-forecast economic data. Earlier today, it was reported that the IHS Markit Flash Eurozone PMI Index fell to 51.7 in December, its lowest level in four years. “New business inflows almost stalled, job creation slipped to a two-year low and

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  • Colin First
    Colin First

    Bitcoin And Ethereum Daily Price Forecast – Weak Recovery Indicates Further Downtrend Play Likely In Near Future

    Bitcoin enjoyed a recovery of sorts during the weekend, reaching $3,600, but it began a gradual decline from that point onwards. The failure to stage a meaningful recovery is not a good sign. As the dust settles, that recovery looks like yet another dead-cat bounce. By the end of the

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  • James Hyerczyk
    James Hyerczyk

    Natural Gas Price Fundamental Daily Forecast – Fib Level at $3.873 Must Hold Or Prices Could Accelerate to Downside

    Natural gas futures are trading weaker and in a position to challenge the lower end of a major support zone. Traders are reacting to a shift in the shorter-term weather pattern that is calling for milder temperatures into Christmas. Uncertainty over whether colder temperatures will return after December 25 is

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  • Colin First
    Colin First

    USD/CAD Daily Price Forecast – USD/CAD Trades Positive on Safe Haven Demand For US Greenback

    USD/CAD price is developing well above its moving averages which are positively sloped, a sign that the uptrend could continue and remains in an ascending movement in the short- and long-term time frames. Fresh concerns about the strength of China’s economy emerged late in the week as industrial output and

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