Author Archive: Jeremy Parkinson
GBP/USD Weekly Analysis – Sunday, October 15
GBP/USD failed in its attempt to break below the bullish trend line on the daily chart and rebounded from 1.3027, indicating that the pair remains in the uptrend from 1.1987. A further rise towards the bearish trend line on its weekly chart is possible next week, a breakout of this trend line could signal resumption of the […]
Forex Forecast: Pairs In Focus – Sunday, Oct. 15
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Litecoin Price On The Rise – Chart Setup Suggests More Upside Potential
The Litecoin price is acting strongly ahead of Bitcoin’s Segwit and Ethereum’s Byzantium. Earlier last week, Litecoin’s price touched 48 USD. Last week, it reached a high of 66.40 USD. A substantial rally but it could rise even more. Earlier this year, we published a Litecoin price forecast of 60 USD that was met in August 2017. We later on said that […]
GBP: Caution Called For As Event Risk Mounts
Fundamental Forecast for GBP: Neutral British Pound trading has been particularly erratic over the past week, with the trend broadly higher but Thursday in particular seeing a very sharp fall followed by an equally sharp rise. That pattern of extreme movements in both directions could well continue in the week to come as the twin themes of […]
The Markets And The Long Shadow Of Politics
Why should we think there is anything amiss by looking at the global capital markets? The S&P 500 and the German DAX are at record levels. The Japanese market is at 20-year highs. The MSCI Emerging Equity Index moved higher every month this year through August. It slipped a little more than 0.5% in September but […]
EUR/USD Closes Higher But With Caution Of Pullback
EUR/USD: With the pair taking back its previous week losses at the end of the week, more recovery could be seen. However, beware of correction pullback. Resistance comes in at the 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.19500 […]
Stocks Perched Near Record Highs: Week In Review – Sunday, Oct. 15
The market was relatively quiet last week as earnings season officially began. The major indices remain perched below record highs as the bulls continue to dominate the landscape. The fact that there remains virtually no selling is a net positive for the bulls. In the short-term, the market is extended to the upside and […]
Weekly Forex Forecast – Sunday, Oct. 15
Gold Gold markets rallied significantly during the week, breaking above the $1300 level. We had also clear the top of the hammer from the previous week, so now I believe we will continue the upward momentum and reach towards the $1325 level over the next couple of weeks. Dips will more than likely be looked […]
Gold Rebounds From The Box
As the culturally chaotic — albeit not (yet?) financially frantic — year races past, 41 trading weeks now complete, Gold just recorded its seventh best, rising 2.1% (27 points) in settling on Friday at 1306. Not that impressive, you say, given we oft quip that “change is an illusion whereas price is the truth”? Well truth be told, […]
EUR/USD Weekly Analysis – Sunday, October 15
EUR/USD failed to break below 1.1662 key support and stayed in a trading range between 1.1662 and 1.2092. The range trading could be expected to continue in a couple of weeks. As long as the price is above 1.1662 support, the price action in the range could be treated as consolidation of the uptrend from […]
