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- Price of Gold Fundamental Weekly Forecast – Dollar’s Direction Controls Price Action
- Gold futures hit a multi-year low last week, driven lower by a stronger U.S. Dollar, expectations of higher interest rates and increased demand for risky assets. Traders seemed unfazed about the threat of additional tariffs by the US on China, however, th...
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- AUD/USD Forex Technical Analysis – August 6, 2018 Forecast
- The Australian Dollar is trading slightly lower early Monday. Volume is low because of the bank holiday in Australia. Later today, investors will get the opportunity to react to the MI Inflation Gauge and the ANZ Job Advertisements report. Early Tuesday,...
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- Bitcoin Monthly Forecast – August 2018
- The bitcoin market began the month of July on a quiet note which was a follow up to the way that the market was trading over the month of June. This was the case during the entire first half of last month and it looked as though the trend would continue f...
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- Weekly Forex Technical Analysis (Aug 6 — Aug 10)
- EUR/USDFloor pivot points3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res1.13171.14381.15031.16241.16891.18101.1874Woodie’s pivot points2nd Sup1st SupPivot1st Res2nd Res1.14241.14741.16101.16601.1796Camarilla pivot points4th Sup3rd S...
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- EUR/USD Volatile After NFP, Stabilizes Above Opening Level
- US nonfarm payrolls released today were mixed, with disappointing employment growth but solid wage inflation and falling unemployment rate. EUR/USD jumped immediately after the release, but slumped afterwards before stabilizing above the open...
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- S&P 500 Weekly Price Forecast – markets show signs of life again this past week
- The S&P 500 continues to show a proclivity to the upside, offering support on pullbacks that allow us to pick up value. I think that the uptrend line underneath needs to be broken for me to start thinking about shorting. At this point, I think that th...
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- Silver Weekly Price Forecast – Silver continues to find major support
- Silver markets were very noisy during the trading week, breaking down below the $15.50 level at one point. We turned around to form a bit of a hammer, and for the third week in a row we have seen buyers underneath willing to pick this market up. I think t...
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- Crude Oil Weekly Price Forecast – crude oil very noisy for the week
- WTI Crude OilThe WTI Crude Oil market went back and forth during the week, trying to break above the $70 handle but failing. We also found plenty of support near the $67 level, so it’s likely that we will continue to see volatility. It ...
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- Natural Gas Weekly Price Forecast – natural gas markets rally for the week
- The natural gas markets have initially pulled back during the week but found enough buyers below to turn things around and exploded to the upside, especially on Friday. Because of this, I think we continue the overall consolidation that we have been in fo...
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- Gold Weekly Price Forecast – Gold markets looking to find support underneath
- Gold markets fell significantly during the week, reaching down towards the $1200 level, an area that has been support more than once. By forming a hammer, it looks as if we are ready to turn around and try to rally a bit, perhaps reaching towards the $125...
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- USD/JPY Weekly Price Forecast – US dollar fails to keep gains against yen for the week
- The US dollar has initially tried to rally during the week but gave back most of the gains. By doing so, we did of forming a shooting star which of course is a negative sign but I also see a ton of support just below. I think this is indicative of what we...
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- GBP/USD Weekly Price Forecast – British pound testing major support level
- The British pound initially tried to rally during the week but gave back the gains to crash back into the 1.30 level. This is an area where I see a significant amount of demand, so quite frankly I do expect a bounce. However, we need some good news out of...
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- GBP/JPY Weekly Price Forecast – British pound suffers loss for the week against yen
- The British pound has initially tried to rally against the Japanese yen level but failed to keep the gains for the week. The ¥145 level is psychologically important, and certainly the center of the lot of action. However, looking at the weekly ch...
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- EUR/USD Weekly Price Forecast – Euro stock in consolidation
- The EUR/USD pair has initially tried to rally during the week but gave back the gains to close lower. As you can see by the yellow rectangle on the chart, not much has changed since last week, and I believe that the 1.15 level will continue to be crucial...
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- AUD/USD Weekly Price Forecast – Australian dollar sideways for the week
- The Australian dollar has gone sideways again this week, but it continues to show that there is a significant amount of support at the 0.7350 level. Overall, I believe that this market will probably continue to find reasons to bounce from this general are...
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- S&P 500 Price Forecast – markets sideways on Friday
- The S&P 500 exploded to the upside on Thursday, but on Friday we went sideways as the 2820 level underneath has offered support. I think short-term pullbacks are buying opportunities, and that the 2820 level should offer support. I believe that suppor...
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- Silver Price Forecast – Silver markets skyrocket on Friday
- Silver markets reached towards the $15.50 level above, which is a significant amount of resistance in the market. I think we will probably pull back from here, but quite frankly I think it should be a nice buying opportunity, as a should offer plenty of v...
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- Crude Oil Price Forecast – crude oil markets noisy on Friday
- WTI Crude OilThe WTI Crude Oil market has gone back and forth over the last several sessions, but Friday was a bit of a yawner as markets couldn’t do anything. The $70 level above is significant resistance, with the $67 level being massive supp...
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- Natural Gas Price Forecast – natural gas markets explode to the upside
- Natural gas markets have exploded to the upside, reaching towards the $2.85 level. What’s been even more impressive is that we not only reached that level, but we have broken above it. Obviously, now is not the time to jump in and trying to cha...
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- Gold Price Forecast – Gold markets explode to the upside on Friday
- Gold markets broke down for most of the week, but Friday was very bullish. We reached towards the $1220 level, an area that offered a lot of supply. The market looks likely to roll over a bit here, but longer-term charts show that there is a lot of suppor...
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- USD/JPY Price Forecast – dollar softens a bit after jobs report
- The US dollar has pulled back slightly against the Japanese yen during trading on Friday after the jobs number missed the consensus. However, previous months were revised to the upside, which of course is good for the US economy. It looks as if not much i...
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- GBP/USD Price Forecast – British pound very noisy after jobs number
- The British pound has tested the 1.30 level, an area of significant support on longer-term charts. By doing so, I think it’s found a bit of a short-term bottom, and we could see a bit of a bounce from here. However, there is a lot of noise in t...
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- GBP/JPY Price Forecast – British pound falls against yen on Friday
- The British pound fell rather significantly against the Japanese yen attempting to break down below the ¥145 level during the day on Friday. As I record this, it looks as if there is a bit of a fight in this area, so I suspect we could get a bit...
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- EUR/USD Price Forecast – Euro breaks down after jobs number
- The EUR/USD pair continues the bounce around just below the 1.16 level, and Friday provided no more clarity. All things being equal, I suspect that we could go down to the 1.15 handle, but it may take a certain amount of negativity in the markets to make...
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- AUD/USD Price Forecast – Aussie rallies significantly on Friday
- The Australian dollar has rallied significantly during trading on Friday after the jobs number came out, slamming into the 0.74 handle. However, after the number came out the markets went dead quiet. At this point, it looks as if the 0.74 level will conti...