Posts Tagged ‘technical analysis’

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WTI Crude Oil and Natural Gas Forecast — October 17th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 17th session. WTI Crude Oil — As you can see, we did rally pretty significantly, but we have not made a fresh new high. The $52.50 continues to be a problem. By giving back quite a bit of the gains, I think we are probably going to drop from here. This was due to the Iraqi army […]

Bitcoin Forecast and How to Avoid Price Manipulation

Alessio Rastani in this video shows you two potentially important levels to keep your eye on, which will reveal to you in fact what bitcoin could be doing next. Bitcoin — It was previously said that bitcoin had very likely completing an ABC correction. So, the correction we saw in September is completed in this 100-period simple Moving Average. Also said, the next move […]

WTI Crude Oil and Natural Gas Forecast — October 12th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 12th session. WTI Crude Oil — We initially pulled back to find buyers underneath with the Saudis and the Russians looking to continue the overall production cut and therefore that continues to shoot this market to the upside. I think that, given enough time, we will probably go looking for $52.50. Now, if we were to break […]

WTI Crude Oil and Natural Gas Forecast — October 10th 2017

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 10th session. WTI Crude Oil — As you can see, we did rally a bit during the day, but gave back most of the gains as we approached the $50. I look at this as a market that has a couple of different levels to pay attention to. Below $49, we probably go down to about $47.50, and then eventually […]

USD/JPY and AUD/USD Forecast — October 5th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 5th session. USD/JPY — As you can see that we have fallen a bit, but turned around to form a hammer. I think that shows every time we dip, it is going to continue to go higher. The 114.50 level will be the beginning of major resistance to the 115.00 level. Once we get above 115.00, then […]

EUR/USD and GBP/USD Forecast — October 5th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 5th session. EUR/USD — As you can see, we did rally slightly during the day here on Wednesday, as we continue to show a little bit of resiliency, but I think eventually we will probably go looking towards the 1.20 level. A break above 1.21 should continue to send this market even higher. A breakdown from here […]

What Is Support and Resistance? — Explained

Definition of Support: The price leveo of a particular instrument where there is enough demand should price reach that level to keep prices from falling further. Definition of Resistance: The price level of a particular instrument where there is not enough demand should price reach that level to keep prices rising further. Looking on the chart, we should be able to see a pretty good example of support there. You […]

USD/CAD Is Supported By a Rising Trend Line — Forecast — October 3rd 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the October 3rd session. USD/CAD — Looking at the intraday 30-min chart, the pair remains supported by the rising trendline, in place since last Wednesday. It also remains supported by the rising 50-period Moving Average. Further advance is also expected above the strong horizontal support of 1.2480. The first target is set at the horizontal resistance at 1.2550 and the next target at 1.2590 extension.

AUD/USD Is Capped by a Declining Trend Line — Forecast — October 2nd 2017

In this video, the Trading Central looks at the currency pair AUD/USD for the October 2nd session. AUD/USD — Looking at the intraday 30-min chart, the pair remains capped by the declining trendline, in place since last Tuesday. The pair also remains capped by the declining 50-period Moving Average, in blue. Further weakness is also expected below the strong horizontal resistance at 0.7850, The first target is set at last Thursday bottom at 0.7795 and the next target […]

Bitcoin's New Wave Higher?

Alessio Rastani in this video takes you through the technical analysis of the cryptocurrency, Bitcoin for this week. As predicted 2 weeks ago, Bitcoin has likely started a new wave higher. The correction on the cryptocurrency was complete (ABC correction), and that we should be prepared for the next set of waves higher. Looking at the chart, the purple line on the chart is the 100-period Moving Average. As mentioned in September, the correction move we had is […]

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