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EUR/USD and GBP/USD Forecast January 21, 2019
 
02:20
The Euro has initially tried to rally during the trading session on Friday, after we formed a couple of hammers. However, we broke through those hammers during the trading session on Friday, which of course is a very sign. Nonetheless, I still see significant support underneath than we have not change the fact that we were forming a bit of a “rounded bottom.” That is a very bullish sign, because it typically means that you are changing the overall trend. It’s a slow-moving pattern though, so I would not expect an explosive move to the upside, rather you will probably see some type of grind higher more than anything else. If we rally from here, I think that the market will probably go looking towards the 1.1450 level. If we were to turn around and break down below the 1.13 level, then we could see the market drop even further. for more analysis: http://www.dailyforex.com
Views: 1992 DailyForex
XM Review 2018 - By DailyForex.com
 
03:44
Check out DailyForex.com XM full review: http://www.dailyforex.com/xm/xm-review/818 Watch this video to discover more about the Forex trading brokers XM, and it's trading platforms, features and more.. About XM: XM, formerly known as XEMarkets, is a trading name of Trading Point Holdings Ltd headquartered in Cyprus. It is regulated by CySec, ASIC in Australia, FSP in New Zealand, and FCA in the UK. At XM, investors can access currency trading, along with CFDs, equity indices, precious metals, and energies.
Views: 6624 DailyForex
Dukascopy Review 2018 - By DailyForex.com
 
04:28
Check out DailyForex.com's full Dukascopy review: http://www.dailyforex.com/dukascopy/dukascopy-review/33 Dukascopy Bank is a Swiss online bank providing Internet based and mobile trading services with a focus on foreign exchange, bullion and binaries, banking and other financial services through innovative proprietary technological solutions. To open an account with Dukascopy click here: http://www.dailyforex.com/dr/blnkdr_youtube_openaccount/dukascopy For a list of our other Forex broker reviews click here: http://www.dailyforex.com/forex-brokers-reviews/page-1
Views: 4886 DailyForex
EUR/USD and GBP/USD Forecast February 18, 2019
 
01:27
The Euro initially fell during trading on Friday, after comments coming out of an ECB member suggested that perhaps the slowdown was “much more significant than originally thought.” However, the market turned around as you can see on the chart and reached towards the 1.13 level. This is a pair that continues to be rather interested in this area, as we simply go sideways overall. We are starting to see more explosive moves and could be forming a bit of a “megaphone pattern”, which you typically see at the end of an uptrend, but they can sometimes occur at the bottom of a downtrend. This shows just how much buying pressure there is underneath, so I think that the market will eventually break to the upside and go looking towards the 1.1450 region again. for more analysis: http://www.dailyforex.com
Views: 1041 DailyForex
EUR/USD and GBP/USD Forecast January 22, 2019
 
01:42
The Euro initially tried to rally during the trading session on Monday, but then rolled over later in the day in what would be a somewhat illiquid environment as the Americans were away for Martin Luther King Junior holiday. That being the case, I wouldn’t read too much into the candlestick though, and I would also point out that we are still in the “rounded bottom” that I’ve been looking at. The question now is whether or not we can stay above the 1.13 level? If we can, then I think there’s a good chance that we do rally eventually. That doesn’t mean that it’s going to be easy, because quite frankly this pattern tends to be very slow moving at best. If we do break down below the 1.13 level, then we could drop another 50 pips or so, perhaps even 100 pips. for more analysis: http://www.dailyforex.com
Views: 790 DailyForex
EUR/USD and GBP/USD Forecast March 11, 2019
 
01:34
The Euro initially fell during trading on Friday, continuing the negativity that we had seen the previous session as we smashed through the 1.12 level. However, later in the day we started to rally and certainly picked up a little bit after the jobs number came out in such disappointing fashion to clear the 1.12 level quite significantly. Because of this, it looks like we may make an attempt to head back into the larger consolidation area, as the recovery has been somewhat impressive. When you look at the longer-term charts, there is a massive amount of support just below, so it makes sense that perhaps the worst is over and value hunters are coming in to pick up the Euro at these extraordinarily low levels. This will be especially true if the economic figures in the United States continue to drag. for more analysis: http://www.dailyforex.com
Views: 1303 DailyForex
EUR/USD and GBP/USD Forecast February 11, 2019
 
02:28
The Euro initially tried to rally during the trading session on Friday and at one point looked relatively bullish. However, later in the day we started to see the Euro break apart and go looking towards 1.13 level. I think that there is massive support underneath though, so it’s going to be likely that we see a bit of buyers jump in. The 1.13 level has been supportive previously, and of course there is an uptrend line that I have drawn on the chart that could affect this market as well. The German economy seems to be deteriorating, so that’s not good for the Euro obviously. However, the Federal Reserve is very soft at the same time, and of course we have the concerns of the US/China trade situation, as well as a potential government shutdown in America. In other words, this pair is going to continue to be a mess. A bounce from here would make sense, but at this point anything’s possible. for more analysis: http://www.dailyforex.com
Views: 1398 DailyForex
EUR/USD and GBP/USD Forecast November 12, 2018
 
01:27
The Euro fell again on Friday, reaching down towards the 1.13 level and an area that of course has offered support. The fact that we rallied towards the 1.15 level and then rolled over shows a “lower high”, and I think it’s only a matter time before we break below the 1.13 level. Once we do, the market is very likely to go down to the 1.12 level, followed by the 1.11 handle as it is a major support level. I think we are more than likely going to see an attempt at a bounce, but that bounce will probably offer a selling opportunity. In fact, it’s not until we clear the 1.15 level that I’m looking to buy the Euro as we obviously have a lot of weakness. The strengthening US dollar is due to higher interest rates and of course issues with the Italian debt situation in the European Union, and quite frankly fears of global growth continue to be an issue as well. Finishing the week so softly in this pair is an ominous sign. for more analysis: http://www.dailyforex.com
Views: 809 DailyForex
EUR/USD and GBP/USD Forecast January 24, 2019
 
01:33
The Euro initially pulled back slightly during the trading session on Wednesday, but we continue to see support underneath at the uptrend line. That being the case, I think that the market is trying to build a bit of a base, and that perhaps we could go higher. With the ECB having a press conference during the trading session on Thursday, this could cause a lot of volatility. Simply put, if the uptrend line holds, then this is a market that should continue to go higher. The 50 day EMA is just above, so it will cause a bit of resistance, but given enough time we should break through there. However, if we break down through the hammer from the Tuesday session, that could set up a test of the 1.13 level, and then eventually the 1.12 level underneath. for more analysis: http://www.dailyforex.com
Views: 1175 DailyForex
EUR/USD and GBP/USD Forecast October 29, 2018
 
02:14
The Euro initially fell during trading again on Friday but found enough support to turn things around and form a hammer. However, I’m not overly excited because a lot of this could’ve simply been short covering ahead of the weekend. I also recognize that there is an area near the 1.1450 level that extends to the 1.15 level that should offer significant resistance. I think that we will probably reach towards that level, all things being equal, and then see sellers jump back into the market. If we do break above the 1.15 level on a daily close, that might put more confidence back into the marketplace. I think that the 1.13 level underneath will continue to offer support, but if it gives way it could open up the door for another 100 point drop. for more analysis: http://www.dailyforex.com
Views: 877 DailyForex
EUR/USD and GBP/USD Forecast March 20, 2019
 
01:32
The Euro rallied a bit during the trading session on Tuesday, reaching towards 1.1350 level. This is essentially in the middle of the overall consolidation area that we have been in, so therefore it’s essentially “fair value.” This makes sense of course considering that the Federal Reserve is going to come out with a statement during the day on Wednesday. With that being the case, traders will react and either buy or sell the greenback accordingly. Because of this and the fact that we don’t know what’s going to happen, I suspect at this point it’s probably best to leave this market alone. However, I am a buyer closer to the 1.1250 level, and the seller closer to the 1.1450 level, unless of course we were to break above the 1.15 level which would show a significant change in attitude. for more analysis: http://www.dailyforex.com
Views: 676 DailyForex
WTI Crude Oil and Natural Gas Forecast February 11, 2019
 
01:16
The WTI Crude Oil market did very little during trading on Friday as we continue to see a lot of consolidation. We have been hanging below a major resistance level, in the form of the $55 level and that continues to be the case. With this in mind, I think that the crude oil markets are gauging whether or not there’s going to be enough global demand to lift pricing. So far, it looks as if we are willing to tread water and kill time in this general vicinity. Because of this, I believe that the $50 level is going to be fairly significant support, but quite frankly things don’t look as rosy as they once did. If we break down below there, then crude oil will continue to fall. Otherwise, on a supportive candle or a bounce just below, we will probably have another run towards the $55 level. for more analysis: http://www.dialyforex.com
Views: 1514 DailyForex
EUR/USD and GBP/USD Forecast January 7, 2019
 
02:02
The Euro initially fell during the day on Friday but then got a bit of a boost as the jobs number was turned around by Jerome Powell, who suggested that perhaps the Federal Reserve was willing to bend to the will of Wall Street and keep the cheap money coming if necessary. This is obviously negative for the US dollar, but at the same time we have a lot of problems with the European Union so I think this just keeps us in the quagmire of sideways trading. The Euro continues to have a lot of resistance built in at the 1.15 handle, just as it has a lot of support built in at the 1.13 level and slightly below. A lot of back-and-forth trading should continue to be the norm, so short-term traders who can take advantage of a range bound system will probably benefit the most from this market play. for more analysis: http://www.dailyforex.com
Views: 906 DailyForex
Markets.com Review 2018- By DailyForex.com
 
03:56
Check out DailyForex.com full Markets.com review: http://www.dailyforex.com/markets/markets-review/602 Markets.com is operated by Safecap Investments Limited, a Financial Services Company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 092/08 and by the Financial Services Board (FSB) in South Africa as an authorized Financial Services Provider under the no. 43906. Watch this video to discover more about Markets.com trading accounts, trading platforms, features and more...
Views: 3963 DailyForex
WTI Crude Oil and Natural Gas Forecast November 14, 2018
 
01:28
The WTI Crude Oil market has broken down significantly during the trading session after initially gapping on Tuesday. We are now pressuring the $55 level, losing 8% for the day. This is an absolute wipeout for oil, and I think now that we have retraced the entire latest move, we are getting to the point where there is enough blood on the streets that value hunters will come back into play. Ultimately, I would wait for some type of supportive daily candle to start buying, but you clearly can’t be selling at this point. We have fallen far too low to start selling now, and the flush seems to have just happened. It’ll be interesting to see what happens next, but be patient, because if we do start having value hunters come back into this market, there should be one hell of a ride higher. for more analysis: http://www.dailyforex.com
Views: 641 DailyForex
EUR/USD and GBP/USD Forecast February 15, 2019
 
02:15
The Euro fell initially during trading on Thursday but found buyers to come in and push higher yet again. The market looks like it is trying to form a bit of a base in this area as we have before, and that’s probably what this mess is all about right now. This is simply an area where traders are trying to figure out what they are going to do next. On one hand, you have a Federal Reserve that’s very soft, but on the other hand you have a European Union that isn’t doing that well. Ultimately, I think it is very likely to see this market chop around in this area and try to build up the necessary momentum to reach the top of the consolidation area which is closer to the 1.15 handle above. If we do break down, the 1.12 level will be massive support based upon previous trading and the 61.8% Fibonacci retracement level. for more analysis: http://www.dailyforex.com
Views: 641 DailyForex
WTI Crude Oil and Natural Gas Forecast March 4, 2019
 
01:24
The WTI Crude Oil market initially tried to rally during the trading session on Friday, but broke down significantly at the highs again, as we continue to simply go back and forth. This is a market that is stuck between the 200 day EMA above and the 50 day EMA below. I think at this point the market is trying to figure out where it’s going next, and you should be thinking more along the lines of extraordinarily short-term trades, as it’s the only thing working at the moment. If we can finally break above the 200 day EMA, then the market should take off to the upside for a longer-term move. Alternately, a move below the 50 day EMA is extraordinarily negative. Right now, there is simply no conviction in one direction or the other. for more analysis: http://www.dailyforex.com
Views: 690 DailyForex
S&P 500 and NASDAQ 100 Forecast March 4, 2019
 
02:59
The S&P 500 rallied during the trading session on Friday, although it has been a very rocky trading session. The 2800 level continues to be a magnet for resistance, and it’s not until we break above the 2820 handle that it’s likely we will have the “all clear” to continue going higher. That being said, and the fact that there is a massive amount of resistance there, you would think that the market would have melted down by now. However, we haven’t. In fact, unlike the three previous times we reached towards the 2800 level, we have not pulled back in a knee-jerk reaction. This suggests that perhaps there are buyers under this area that should continue to press the issue. It isn’t that I think it’s time to start buying, it’s more like I’m a bit cautious about shortening until we get a very negative candle. for more analysis: http://www.dailyforex.com
Views: 549 DailyForex
EUR/USD and GBP/USD Forecast January 17, 2019
 
01:30
The Euro initially fell during trading on Wednesday but has seen a bit of support underneath the 1.14 level, to turn around and show signs of life again. Get the full technical forecast here: https://www.dailyforex.com/forex-technical-analysis/2019/01/eurusd-and-gbpusd-forecast-17-january-2019/108494
Views: 688 DailyForex
EUR/USD and GBP/USD Forecast March 19, 2019
 
01:22
The Euro rallied during most of the session on Monday, breaking above the 1.1350 level and the 50 day EMA in the process. However, we have given back a bit of the gains and it looks like we may possibly roll back just a bit. Longer-term though, the biggest fight that we have right now is the fact that we are in the middle of the overall consolidation which starts at the 1.12 level on the bottom, with the 1.15 level above being massive resistance. I believe that if we can break above the top of the candle stick for the Monday session, we will probably go looking towards the 1.14 handle. Otherwise, we will probably find buyers closer to the 1.1250 level which should be the beginning of significant support. for more analysis: http://www.dailyforex.com
Views: 684 DailyForex
FBS Review 2018 - By DailyForex.com
 
03:52
Check out DailyForex.com's full FBS review: http://www.dailyforex.com/fbs/fbs-review/789 FBS is a Forex broker and international financial and investment service domiciled in Kuala Lumpur, Indonesia with branches in China and Malaysia. Watch this video to discover more about FBS trading accounts, trading platforms, features and more... To open an account with FBS click here: http://www.dailyforex.com/dr/blnkdr_youtube_openaccount/fbs For more Forex brokers click here: http://www.dailyforex.com/forex-brokers-reviews/page-1
Views: 4915 DailyForex
EUR/USD and GBP/USD Forecast February 12, 2019
 
01:11
The Euro fell rather hard during the trading session on Monday, slicing through the 1.13 level like it wasn’t even there. However, I think at this point it’s probably a bit overdone and there is certainly a lot of interesting support areas between here and the 1.12 level. It’s because of this that I believe that the market is negative, but it’s probably somewhat limited in its ability to reach lower. Yes, the European Union has a lot of issues but at the same time the Federal Reserve will do whatever it can to keep the markets saw for the US dollar. I think at this point, it’s only a matter of time before we bounce but we obviously don’t have that signal quite yet. If we break above the 1.13 level, then that could be assigned that the buyers are getting ready to come back in and push towards the 1.1450 level above. for more analysis: http://www.dailyforex.com
Views: 671 DailyForex
WTI Crude Oil and Natural Gas Forecast December 31, 2018
 
01:40
The WTI Crude Oil markets gapped higher to kick off the session on Friday, then chopped around of form a relatively neutral candle stick. However, when I look at the weekly charts I see that we are forming a perfect hammer, and I think that we may be trying to put in the bottom at this point. I believe that there is massive resistance above at the $50 handle though, and I think that between the $50 level in the $55 level is a significant amount of resistance. If we can break above that level, and even the 50 day EMA, then I think we can have a longer-term move. In the short term, I fully anticipate that we could get a bit of a bounce, and I think that we can start to see value hunters coming into the market as it has been so oversold. for more analysis: http://www.dailyforex.com
Views: 611 DailyForex
InstaForex Review 2018 - By DailyForex.com
 
03:45
Check out DailyForex.com full InstaForex review: http://www.dailyforex.com/instaforex/instaforex-review/506 InstaForex is a Russian ECN-broker operating on the Forex exchange market since 2007. InstaForex boasts more than 2 million traders from around the world with close to 1,000 clients opening new trading accounts every day. Watch this video to discover more about InstaForex trading accounts, trading platforms, features and more...
Views: 3426 DailyForex
EUR/USD and GBP/USD Forecast January 30, 2019
 
01:40
The Euro went back and forth during the trading session on Tuesday, as the 1.1450 level looks to be offering resistance. There is a lot of noise between here and the $15.00 level, so it’s not surprising all to see the market stagnate a bit. Beyond that, we have the FOMC meeting and press conference going on, so the Wednesday press conference coming from the Federal Reserve will be crucial. Traders are trying to figure out whether or not the Federal Reserve is becoming more dovish or are still looking to raise interest rates, so obviously the next 24 hours could be very volatile. I do think that we will try to get to the 1.15 level, but it might take several attempts. If we can break above the 200 day EMA, pictured in black on the chart, then the market could continue to go much higher over the longer-term. I see a massive support at the 1.13 level underneath. for more analysis: http://www.dailyforex.com
Views: 779 DailyForex
Forex.com Review 2018 - By DailyForex.com
 
03:59
Check out DailyForex.com full Forex.com review: http://www.dailyforex.com/forex/forex-review/29 FOREX.com is a currency trading website operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP). Watch this video to discover more about Forex.com trading accounts, trading platforms, features and more...
Views: 9605 DailyForex
WTI Crude Oil and Natural Gas Forecast February 1, 2019
 
01:40
The WTI Crude Oil market rallied significantly during the trading session on Thursday but gave up a lot of momentum above the $55 level, as traders closed position that the jobs number. The fact that we could not close above there tells me that there is still plenty of resistance and that level, so if we are to turn around and break above the top of the daily range for the trading session on Thursday, that would be an extraordinarily strong sign. Otherwise, we are simply relegated to bouncing around between the $55 level on the top and the $52.50 level on the bottom. I think that we probably have a little bit of a pullback ahead of us, but I would not be surprised at all to see buyers come back into push it back towards the crucial $55 resistance level above. for more analysis: http://www.dailyforex.com
Views: 543 DailyForex
EUR/USD and GBP/USD Forecast February 8, 2019
 
01:33
The Euro initially fell during trading on Thursday but found enough support near the 1.1325 level to turn around and bounce. This ended up forming a bit of a hammer like candle, and that of course is a good sign. We are getting close to the bottom of the overall consolidation area which has a bottom near the 1.13 handle. Beyond that, we also have the 1.15 level above that could cause a significant amount of resistance. Overall, this is a market that continues to chop back and forth as the Federal Reserve is looking very soft, but at the same time the European Union has very little in the way of good news either, so I think we are going to continue to go back and forth in this range for the short term. Meaning that there’s probably more of a risk to the upside than there as the down. for more analysis: http://www.dailyforex.com
Views: 908 DailyForex
SCAMS IN FOREX TRADING
 
03:39
With today’s fast paced trading options, choosing the best Forex robot has taken on a major role in Forex trading. The use of a Forex robot is basically one of the methods employed by a trader to buy or sell on the Forex spot market. But, is it all a scam? See Ken's latest video all about Forex robots and whether it's a total scam or a useful tool to profit in trading! For articles and strategies on using Forex robots check them out here: https://www.dailyforex.com/forex-articles/2010/07/the-forex-trading-robot/5551 https://www.dailyforex.com/forex-articles/2013/11/forex-robot-scams/25999 https://www.dailyforex.com/forex-articles/2010/11/forex-robot-trading-software/6358 https://www.dailyforex.com/forex-articles/2011/10/how-do-forex-automated-systems-work/9155
Views: 1080 DailyForex
EUR/USD and GBP/USD Forecast October 19, 2018
 
01:48
The Euro initially tried to rally on Thursday but then broke down through the 1.15 level to reach towards 1.1450 level underneath, an area that has recently caused a bit of a bounce. However, this is a market that looks like it is still fairly week, so I would not be surprised at all to see it continue to go lower. At this point, I think that breaking below the hammer from last week could send this market down to the 1.1350 level where we found buyers previously. The alternate scenario of course is a daily close above the 1.15 handle, then it would show a little bit more in the way of confidence. The nonsense going on with the Italian budget conflict and the ECB is certainly not helping the Euro, and we continue to see people shun the currency as a result. for more analysis: http://www.dailyforex.com
Views: 566 DailyForex
EUR/USD and GBP/USD Forecast March 7, 2019
 
01:29
The Euro has gone back and forth during the trading session in choppy action on Wednesday, as we simply have no directionality over the last 24 hours. Right now we are looking at a Federal Reserve that is stepping away from its hawkish stance, but at the same time we have the European Central Bank struggling with a weakening Germany, and a recession bound Italy. In other words, this is a fight between two central banks that are trying their best to keep their currencies soft. It is because of this that I think that the market continues to go back and forth, staying within the consolidation area that is bordered at the 1.12 level underneath, and the 1.15 level above. Until something changes drastically with the world economy, I think it’s going to be difficult to escape this overall range. for more analysis: http://www.dailyforex.com
Views: 1085 DailyForex
WTI Crude Oil and Natural Gas Forecast February 4, 2019
 
01:04
The WTI Crude Oil market pulled back slightly during the trading session on Friday, but found enough support at the 50 day EMA, which of course is a major technical indicator. The market more importantly broke above the $55 level and made another high again during the day, showing just how much underlying demand that there could be in the market. I think at this point we are looking at a scenario where market participants are simply trying the best they can to break above the resistance, and kickoff a major inverse head and shoulders. That could send this market up roughly $12.50 in a relative short amount of time. I do expect the occasional pullback but those should be thought of as value that you can take advantage of. With that being the case, I do not think you should be looking for short opportunities right now. for more analysis: http://www.dailyforex.com
Views: 1074 DailyForex
EUR/USD and GBP/USD Forecast January 31, 2019
 
01:22
The Euro initially pulled back during trading on Wednesday but then shot higher from the 50 day EMA. This was accelerated as the Federal Reserve press conference suggested that the Fed was on hold and going to be very slow and deliberate about tightening monetary policy. However, something that I find interesting is that the sellers jump in right at the 1.15 level, suggesting that we are not ready to go higher yet. The 200 day EMA is just above, and it should continue to offer massive resistance. Because of this, I suspect that we will get a pullback during the day but I also suspect that there is plenty of support underneath. A break above the 1.15 level still has to deal with the massive 200 day EMA, and of course even though the US dollar has gotten beaten up during the day, quite frankly the European Union is nowhere near tightening either. for more analysis: http://www.dailyforex.com
Views: 682 DailyForex
EUR/USD and GBP/USD Forecast March 4, 2019
 
01:23
The Euro rallied initially during the trading session on Friday but fell yet again to form a shooting star for the second day in a row. That of course is a negative sign, but ultimately when you look at this pair we are in a massive consolidation area, and nothing has changed. This might be a bit of a pullback to try to find value underneath, which is an argument that I can understand. On the other hand, if we can break above the highs from both Thursday and Friday, that’s a very bullish sign. We are essentially a “fair value” in this area, so I think we are looking at opportunities about two handles away. At this point, we are essentially in a “no touch zone.” If we find ourselves closer to the 1.12 level, I become more bullish, just as I become more bearish closer to the 1.15 level above as the 200 day EMA coincides there. At this point, I do think that we are trying to form a longer-term basing pattern, and that we will eventually break out to the upside. for more analysis: http://www.dailyforex.com
Views: 865 DailyForex
OandA Review 2018 - By DailyForex.com
 
04:11
OANDA is a multi-faced financial services Forex and CFD broker and market maker. Founded in 1996, OANDA is based in New York and is available for traders in the U.S., Canada, Asia and Europe. The company has been the recipient of several international awards and is regulated in six different countries under NFA, CySEC, ASIC, CFTC, MiFID, and FCA. OANDA was the first broker in 1995 to offer a broad range of currency exchange-rate information free of charge over the Web. Today, it possesses one of the world's largest and most accurate databases of currency rates, handling more than a million queries a day. The FxTrade trading platform was launched in 2001. Read full OandA review by DailyForex.com here: http://www.dailyforex.com/oanda/oanda-review/4 Check out the current top 10 brokers ranking here: http://www.dailyforex.com/forex-brokers-reviews/page-1
Views: 7772 DailyForex
Gold Forecast March 4, 2019
 
01:18
Gold markets got absolutely hammered during the day on Friday, breaking below the crucial $1300 level. This is a market that now finds itself below the 50 day EMA now, and it is closing out the week at the very bottom of the range. The US dollar strengthening has of course worked against the value of gold, so it’s obvious that we now have a different dynamic in this market. Being below the $1300 level suggests that we could now find the market looking towards the $1275 level. for more analysis: http://www.dailyforex.com
Views: 965 DailyForex
SP500 and NASDAQ100 Forecast February 11, 2019
 
01:55
The S&P 500 initially fell during the day on Friday but turned around to bounce a bit as we closed near the 2700 level. This is a market that does look a bit suspiciously resisted just above, and we do have the 200 day EMA right here where we currently trade. Beyond that, there is the 61.8% Fibonacci retracement level at the 2700 level, so the fact that we are forming a bit of a shooting star on the weekly chart also throws a lot of doubt into this uptrend. However, if we can clear the candle stick from the Thursday session to the upside, it’s likely that we will continue going higher. I anticipate that this market is going to continue to be choppy overall. With that in mind, I am going to stay on the sidelines until we get an impulsive candle to tell us which direction we are going. for more analysis: http://www.dailyforex.com
Views: 408 DailyForex
EUR/USD and GBP/USD Forecast March 15, 2019
 
01:26
The Euro fell hard during the trading session on Thursday, as the 50 day EMA has offered a significant amount of resistance. However, there is massive support underneath so I’m looking for an opportunity to start buying. It may not be in till Monday, but as we approach the blue rectangle underneath, there should be plenty of buyers. The 1.12 level remains the “floor” in this market, so I would be a bit surprised if we break down below that level. I think that you should be looking for value, as we are at the lower part of the overall consolidation, that extends all the way to the 1.15 level. We have been drifting a bit lower overall, but the 1.12 level has been so resilient that I think there are still buyers waiting in that general vicinity. for more analysis: http://www.dailyforex.com
Views: 960 DailyForex
EUR/USD and GBP/USD Forecast January 18, 2019
 
01:39
The Euro pulled back a bit during the trading session but continues to find support underneath as we formed a supportive candle for the second consecutive day. Because of this, I think that it’s only a matter of time before the market turns around and rally towards the 1.15 handle again. We obviously have a lot of buyers underneath, and when you look at the longer-term chart you can make out a bit of a “rounded bottom” be informed. That’s a slow pattern though, so you’re going to need to be very patient to enjoy your profits. I believe that the 1.13 level underneath is massive support, so if we were to break down below it that could negate the entire pattern. Above we have the 200 day EMA, which has offered resistance previously. Breaking above that on a daily close that is convincing could send fresh money into this market. Until then, I think we are just going to continue to grind higher overall. for more analysis: http://www.dailyforex.com
Views: 620 DailyForex
WTI Crude Oil and Natural Gas Forecast December 4, 2018
 
01:26
The WTI Crude Oil markets gapped higher to kick off the week on Monday as there’s been a bit of a “risk on rally” around the world after the United States and China decided to call a bit of a cease-fire in the trade war. Beyond that, we also have the OPEC meeting momentarily, and of course it looks like the Russians may be able to talk other countries into cutting production. If that’s the case, we may be trying to find a bit of a bottom down here near the $50 handle. That makes sense, because it is a large come around, psychologically significant figure. However, if we make a fresh, new low, then we probably see this market break down to the $45 level which was the beginning of the entire trend higher. I think the next couple of days will be crucial but it’s likely that there are probably buyers on dips. for more analysis: http://www.dailyforex.com
Views: 398 DailyForex
EUR/USD and GBP/USD Forecast November 28, 2018
 
01:48
The Euro broke below the 1.13 level during the trading session on Tuesday but bounced just a bit to show some signs of support at the end of the day. However, as we continue to see more choppiness, I suspect that this is going to be the domain of scalpers at best, as there is so much support underneath. Simply put, the market doesn’t move in any one particular direction more than about 30 minutes in this pair, and I think it’s going to continue to be a major problem for traders. I would wait for some type of significant rally to start shorting and wouldn’t be bothered with anything in this area. I think that we could go as low as 1.11, but eventually the buyers would come in based upon value at that point. Without a doubt, the high-frequency traders have started to take over this pair. for more analysis: http://www.dailyforex.com
Views: 675 DailyForex
WTI Crude Oil and Natural Gas Forecast January 30, 2019
 
01:37
The WTI Crude Oil market rallied a bit during the trading session on Tuesday as we continue to grind sideways overall. With the next three days being so important, I don’t think that were going to see much in the way of conviction directly. We have the FOMC Meeting and press conference on Wednesday, then we have the usual inventories report on Thursday, followed by the jobs number on Friday. I think the market is trying to digest a lot of information at once, and therefore it makes sense that we will continue to be very volatile. Short-term range bound trading strategies have worked quite well, but I would be the first to say that it seems as if the bias is most certainly starting to drift to the upside. If we can clear the $55 level that kicks off an inverse head and shoulders that should have this market looking for a couple of dollars right away. for more analysis: http://www.dailyforex.com
Views: 424 DailyForex
EUR/USD and GBP/USD Forecast November 19, 2018
 
01:25
The Euro rallied significantly during the trading session on Friday, reaching towards the 1.14 level. This is an area that began significant resistance though, not only extending to the 1.15 handle, but also with the 50 EMA sitting in that area, it makes sense that there would be a lot of selling pressure. I think on signs of exhaustion, it’s an opportunity to start selling again. The 1.15 level above is massive resistance, and even though the Euro has rallied so nicely on Friday, the reality is that we are in a downtrend, and it’s only a matter of time before we roll over. If we did break above the 1.15 handle, then I think we could start to see some bullish pressure. At this juncture, I believe that the Euro continues to suffer at the hands of the greenback, and part of what we are seeing on this chart might be a bit of short covering ahead of the weekend. for more analysis: http://www.dailyforex.com
Views: 815 DailyForex
EUR/USD and GBP/USD Forecast January 14, 2019
 
02:01
The Euro initially tried to rally during the trading session on Friday but found enough resistance near the 200 day EMA to turn things around and drop below the 1.15 handle. That of course is a very bearish sign, and I think that we could see some short-term negativity. However, I think that given enough time we will see buyers jump back in and make another attempt at the 200 day EMA. I think ultimately this is a market that is simply seen some profit taking ahead of the weekend. I believe that we will get either a bounce or some type of supportive candle that we can take advantage of. If we can make a fresh, new high, then we can go much higher, perhaps reaching towards 1.18 level above. Ultimately, I think that we see a lot of noise in this area, but I still think that we are trying to turn things around. for more analysis: http://www.dailyforex.com
Views: 1423 DailyForex
EUR/USD and GBP/USD Forecast November 23, 2018
 
01:13
The Euro try to rally initially during the day on Thursday but continues to find a lot of noise above the 1.14 handle. This market has a lot of resistance built into the 1.15 handle, and of course we have to worry about the Italian debt situation which quite frankly doesn’t seem to be working out quite well. However, if we did break above the 1.15 handle, then the market probably goes much higher. If we roll over from here, then I think the 1.13 level underneath would be a potential target, which has been important more than once. If we can break back below that level, then I think the 1.11 handle underneath would probably be targeted next. If we were to break above the 1.16 handle, that could send this market to the 1.18 level after that. for more analysis: http://www.dailyforex.com
Views: 531 DailyForex
EUR/USD and GBP/USD Forecast October 26, 2018
 
01:29
The Euro initially tried to rally during the trading session on Thursday but then broke down rather significantly. By doing so, we are reaching a fresh low as again, and this was especially exacerbated after the ECB press conference during the day. It was suggested that perhaps some of the economic numbers were softer than expected, and therefore accommodative policy may be needed for longer. Contrast that with the Federal Reserve which is looking to raise rates, it makes perfect sense that the Euro has struggled. However, there is a lot of support just below, so I think at this point we will probably get a short-term rally that we can start selling if we get some signs of exhaustion on shorter-term charts. I believe in the meantime it’s probably best to simply wait for opportunities to start selling again. for more analysis: http://www.dailyforex.com
Views: 671 DailyForex
EUR/USD and GBP/USD Forecast December 17, 2018
 
01:41
The Euro fell during trading on Friday, as Mario Draghi was a bit more dovish than anticipated. We have broken below a symmetric triangle though, so in theory we could go lower. I think at this point what we are looking at is more consolidation until New Year’s Day. However, I think there is more of a negative bias to this pair, at least in the short term as there are so many concerns in the European Union, as opposed to the known quantity in the United States, higher interest rates coming. The 1.15 level above should offer massive resistance, so if we were to break above and I think that would be an event to pay attention to, as it could send the Euro higher. Otherwise, the market will continue to be choppy with a lower slant, perhaps down to the 61.8% Fibonacci retracement level below, somewhere near the 1.12 handle. for more analysis: http://www.dailyforex.com
Views: 791 DailyForex
EUR USD and GBP USD Forecast October 25, 2018
 
02:02
The slaughter continues with anything not labeled “USD.” We’ve broken pretty significant support in the EUR/USD pair, but there is significant support just underneath as well. I think the 1.13 level which acted as such support during the last meltdown should hold, unless of course something deteriorates rapidly. I think we are starting to get a bit overdone when it comes to the panic, as this is not 2008. Certain algorithmic programs will eventually kick in and start picking up things that are either overbought or oversold. Pay attention to bond yields in America, that’s probably the biggest driver of this in the future. I would anticipate some type of bounce, but I would also be very cautious about it. Quite frankly, I think both the Euro and the Pound are just about untradeable. For more: http://www.dailyforex.com
Views: 659 DailyForex
WTI Crude Oil and Natural Gas Forecast December 3, 2018
 
01:35
The WTI Crude Oil market continues to hang just above the $50 level, showing signs of support at the psychologically important figure. At this point, if we break down below the lows of the week, which is the bottom of the Thursday candle, then the oil market will almost certainly go down to the $45 level, wiping out the massive move higher that had just been crushed. That being said, I think that the market is trying to come to grips with the idea of the Russians talking other oil-producing countries to cut production, which would be very bullish obviously. At that point, the $55 level above is a major resistance barrier, so I think it’s not until we break above there that you get really start to hang on for a longer-term move. However, a short-term bounce is definitely being threatened at this point. for more analysis: http://www.dailyforex.com
Views: 644 DailyForex
WTI Crude Oil and Natural Gas Forecast December 24, 2018
 
00:59
The WTI Crude Oil market fell again on Friday, testing the $45 level for support. That’s an area that will offer support in theory, but at this point it’s likely that we will continue to see rally sold, and therefore I’m looking for signs of exhaustion between here and the $50 level. I think that this market will continue to struggle, but if we did break above the $55 level, and perhaps the 50 day EMA, that could be a buying opportunity. This is a market that is extraordinarily volatile, but it is most certainly in a downtrend. Keep in mind that supply far outweighs the demand, and there are concerns that global demand is shrinking as well. Ultimately, if we break down below the $45 level, and it does look like we very well could, then I think the market goes to the $40 handle. for more analysis: http://www.dailyforex.com
Views: 637 DailyForex