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NASDAQ forecast for the week of September 15, 2014, Technical Analysis

September 14, 2014
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NASDAQ forecast for the week of September 15, 2014, Technical Analysis

The NASDAQ did very little during the course of the week, simply banging around between the 4550 level, and the 4600 level above. With that being the case, the market looks as if it’s ready to continue grinding sideways with a slightly negative bias. However, the 4500 level below should be massively supportive, so we will look for supportive candles near that area, or a move above the 4600 level to start buying this market that is obviously in a very large and strong uptrend. Selling has not even crossed our minds recently.   Article source: http://www.fxempire.com/technical/technical-analysis-reports/nasdaq-forecast-for-the-week-of-september-15-2014-technical-analysis/

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DAX forecast for the week of September 15, 2014, Technical Analysis

September 14, 2014
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DAX forecast for the week of September 15, 2014, Technical Analysis

The DAX fell during the course of the week as you can see, but sees plenty of support and the €9600 level. Even if we fall from here though, we suspect that there is enough support below to keep the market afloat. We’re going to have to see a supportive candle in order to start buying now, which of course we’ll have at the moment. We believe that this market is support all the way down to the €9000...

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Nikkei forecast for the week of September 15, 2014, Technical Analysis

September 14, 2014
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Nikkei forecast for the week of September 15, 2014, Technical Analysis

The Nikkei as you can see had a positive week over the last five sessions, as we continue to see the momentum building to the upside. We feel that it’s only a matter of time before the Nikkei takes off above the ¥16,000 level, so we are very bullish. We believe that this market should be one that you can buy on dips, and we will continue to look at it as such. We have no interest in selling,...

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EUR/JPY Fundamental Analysis September 15, 2014 Forecast

September 12, 2014
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EUR/JPY Fundamental Analysis September 15, 2014 Forecast

Analysis and Recommendations: The EUR/JPY is trading at 138.66 as the euro gained against a weaker JPY after comments from Governor Kudora this morning. The dollar hovered below a 14-month peak against a basket of major currencies early on Friday as the selloff in sterling and the euro tapered...

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Metals Fall Under The Weight Of The US Dollar

September 12, 2014
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Metals Fall Under The Weight Of The US Dollar

Metals Fall Under The Weight Of The US Dollar Gold fell toward a three-month low as investors assessed the outlook for higher U.S. interest rates and a strengthening dollar amid easing tensions in Ukraine. Platinum dropped to the lowest level in seven months. Gold fell as much as 0.3...

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OPEC Reviewing Drop In Brent Oil Prices

September 12, 2014
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OPEC Reviewing Drop In Brent Oil Prices

OPEC Reviewing Drop In Brent Oil Prices Crude oil continues to trade well below its recent trading range but has recovered from lows earlier this week. Crude is holding at 92.84 while Brent oil saw significant declines on Thursday and Friday morning to reach 97.80. The commodity fell to...

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NASDAQ Forecast September 10, 2014, Technical Analysis

September 10, 2014
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NASDAQ Forecast September 10, 2014, Technical Analysis

The NASDAQ as you can see initially broke higher initially during the session on Tuesday, but found the 4600 level be far too resistive and therefore we ended up falling down. The 4540 level held as support though, and as a result we feel that the market should continue...

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DAX Forecast September 10, 2014, Technical Analysis

September 10, 2014
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DAX Forecast September 10, 2014, Technical Analysis

The DAX gapped lower at the open on Tuesday, turned around to show a little bit of support, and then fell again in order to form a shooting star. The shooting star suggests that how we are going to go lower, but we believe that the €9600 level is...

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Nikkei Forecast September 10, 2014, Technical Analysis

September 10, 2014
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Nikkei Forecast September 10, 2014, Technical Analysis

The Nikkei as you can see gapped higher at the open on Tuesday, breaking the top of the hammer that had formed for Monday. Because of this, we ended up pressing up against the ¥15,800 level, an area that we think leads to the ¥16,000 level. Regardless, we are...

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EUR/USD Firms on Ukraine Cease-fire Agreement

September 4, 2014
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EUR/USD Firms on Ukraine Cease-fire Agreement

A technical chart pattern and a slight change in the fundamentals helped support the EUR/USD today. On Tuesday, the Euro posted a reversal against the U.S. Dollar. This was fueled by oversold conditions and position-squaring ahead of Thursday’s European Central Bank monetary policy statement. Traders had been pounding the...

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EUR/USD Mid-Session Technical Analysis for September 3, 2014

September 4, 2014
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EUR/USD Mid-Session Technical Analysis for September 3, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD followed through to the upside, confirming Tuesday’s closing price reversal bottom. The chart pattern doesn’t mean the trend is getting ready to turn higher, but it does indicate the lack of sellers. In addition, the short-covering is probably being caused by...

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AUD/USD Forex Technical Analysis – September 4, 2014 Forecast

September 4, 2014
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AUD/USD Forex Technical Analysis – September 4, 2014 Forecast

The AUD/USD traded weaker early in the session on Wednesday. The move was follow-through selling in response to the previous day’s sharp sell-off. The selling pressure dried up when the market tested an uptrending Gann angle as it neared the double-bottom at .9238. Daily AUD/USD The subsequent rebound rally...

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EUR/USD Drifts Lower Despite Low Volume Session

September 2, 2014
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EUR/USD Drifts Lower Despite Low Volume Session

The EUR/USD traded flat-to-lower most of the session on Monday as many traders took to the sidelines because of today’s U.S. bank holiday, Thursday’s European Central Bank announcement and Friday’s U.S. Non-Farm Payrolls report. Until there is fresh news, Euro traders are still going to be reacting to the...

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AUD/USD Forex Technical Analysis – September 2, 2014 Forecast

September 2, 2014
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AUD/USD Forex Technical Analysis – September 2, 2014 Forecast

The AUD/USD closed lower on Monday. Volume was down because of the U.S. holiday. When normal trading conditions return on Tuesday, the market may be under pressure because of the weak close and technical picture. Volume may continue to remain below average this week because of Friday’s U.S. Non-Farm...

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Euro-Area, Chinese Manufacturing PMI Decline on Various Factors

September 2, 2014
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Euro-area manufacturing activity declined more than expected in August after new orders fell and businesses scaled back investments on escalating conflict in Ukraine. French factory activity declined the most in 15 months. Markit Economics reported that its manufacturing Purchasing Managers’ Index for August was 50.7, the weakest level in...

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EURUSD Weekly Outlook: Technical Breakdowns, Fundamental Drivers – Coming “Sell The News” Bounce?

August 31, 2014
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EURUSD Weekly Outlook: Technical Breakdowns, Fundamental Drivers – Coming “Sell The News” Bounce?

  FX Traders’ weekly EURUSD fundamental technical picture,likely trend, trading range, and drivers The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we cover outlooks for the major pairs for the coming week and beyond. Summary Technical Outlook: Another failed bottoming attempt and...

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EURUSD Weekly Technical Outlook: How Much More Downside?

August 31, 2014
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EURUSD Weekly Technical Outlook: How Much More Downside?

FX Traders’ weekly EURUSD fundamental technical picture, likely trend, trading range, and drivers The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we cover outlooks for the major pairs for the coming week and beyond.   EURUSD Weekly Technical Outlook: Friday Breakdown Negates...

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EURUSD Weekly Fundamental Outlook: Will Likely Drivers Support More Downside?

August 31, 2014
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EURUSD Weekly Fundamental Outlook: Will Likely Drivers Support More Downside?

  FX Traders’ weekly EURUSD fundamental picture, likely trend, trading range, and drivers The following is a partial summary of the conclusions from the fxempire.com weekly analysts’ meeting in which we cover outlooks for the major pairs for the coming week and beyond. Summary Fundamental Outlook Summary: The recent fundamental drivers...

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EUR/USD Mid-Session Technical Update for August 28, 2014

August 29, 2014
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EUR/USD Mid-Session Technical Update for August 28, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading lower at the mid-session after confirming yesterday’s potentially bullish closing price reversal bottom. The inability to sustain the rally suggests the earlier move may have been short-covering rather than new buying. Based on the short-term range of 1.3432 to...

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US Dollar Index (DX) Futures Technical Analysis – August 28, 2014 Forecast

August 29, 2014
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US Dollar Index (DX) Futures Technical Analysis – August 28, 2014 Forecast

Wednesday’s dramatic closing price reversal top by the September U.S. Dollar Index is a strong indication of a short-term top. It may not be indicative of a change in trend, but it could lead to a sizable correction. A follow-through to the downside today will be a strong indication...

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