The NASDAQ 100 broke down a bit Tuesday to reach the 50-day EMA. The 50-day EMA sits just a bit above the 12,000 level, and I think there’s a lot of interest in that area. Even if...
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BTC/USD Forecast: Bitcoin Showing Signs of Weakness
The BTC/USD pair fell a bit Monday as traders came back from the weekend. The 50-day EMA continues to offer a little bit of dynamic resistance, and it makes sense that we could continue to go lower. The...
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ETH/USD Forecast: Ethereum Has a Quiet Thursday
Ethereum continues to hang around the $1500 level, an area that we have been dipping around for the last three days in a row. After the initial surge above the 50 Day EMA, the Ethereum market...
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USD/JPY Forecast: USD Finds Buyers on Dips
The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy. With that in mind, it makes quite a...
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S&P 500 Forecast: Index Gives Up Gains at 50-Day EMA
The S&P 500 initially rallied on Monday but gave back gains as soon as we got to the 50-day EMA. The 3950 level is an area where we have seen sellers previously, so it does make sense that...
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