S&P500, Monday forecast, January 27

S&P500, ES futures market
Monday forecast, January 27

Downtrend

The downtrend may be expected to continue in case the market drops below support level 3237.25, which will be followed by reaching support level 3220.25.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3252, which will be followed by moving up to resistance level 3269, 3275.5 and 3291.

Weekly forecast, January 27 – 31
Most important news of this week
MMonday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

Forecast and technical analysis
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3261.75, which will be followed by reaching support level 3220.25 and if it keeps on moving down below that level, we may expect the pair to reach support level 3161.
Uptrend
An downtrend will start as soon, as the pair drops below support level 3261.75, which will be followed by moving down to support level 3291 – 3301.25.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.

WTI Crude oil, Friday forecast, January 24

WTI Crude oil, CL futures market
Friday forecast, January 24

Uptrend
An uptrend will start from support level 52.15, which will be followed by moving up to resistance level 53.15.
Downtrend
The downtrend may be expected to continue in case the market drops below support level 52.15, which will be followed by reaching support level 51.00.

Weekly forecast, January 27 – 31
Most important news of this week:
Monday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

Forecast and technical analysis
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 54.85, which will be followed by reaching support level 50.52 and if it keeps on moving down below that level, we may expect the pair to reach support level 45.50.
Uptrend
An uptrend will start or from support level 50.52, or as soon, as the pair rises above resistance level 54.85, which will be followed by moving up to resistance level 58.00.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 63.38, which will be followed by reaching resistance level 66.60.
Downtrend
An downtrend will start as soon, as the pair drops below support level 63.38, which will be followed by moving down to support level 61.45 and if it keeps on moving down below that level, we may expect the pair to reach support level 58.00.

GOLD, Monday forecast, January 27

GOLD, GC Futures market
Monday forecast, January 27

Downtrend
An downtrend will start from resistance level 1588, which will be followed by moving down to support level 1580 and 1575, and if it keeps on moving down below that level, we may expect the pair to reach support level 1567.5.
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1600.

GOLD, spot market
Monday forecast, January 27

Downtrend
An downtrend will start from resistance level 1588, which will be followed by moving down to support level 1575 and if it keeps on moving down below that level, we may expect the pair to reach support level 1568.
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1600 – 1611.

Weekly forecast, January 27 – 31
Most important news of this week
Monday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1611.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1570, which will be followed by moving down to support level 1557 and 1534.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.

EUR/USD, Monday forecast, January 27

EUR/USD, 6E futures market
Monday forecast, January 27
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.1050, which will be followed by reaching support level 1.1015.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1070, which will be followed by moving up to resistance level 1.1100.

EUR/USD spot market
Monday forecast, January 27
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.1017, which will be followed by reaching support level 1.1098.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1036, which will be followed by moving up to resistance level 1.1061 – 1.1080.

Weekly forecast, January 27 – 31
Most important news of this week
Monday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

Forecast and technical analysis
Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.1017, which will be followed by reaching support level 1.0940.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1036, which will be followed by moving up to resistance level 1.1105.

Monthly forecast, January – February
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1075 and 1.1020.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1200, which will be followed by moving up to resistance level 1.1270 and 1.1370.

S&P500, Friday forecast, January 24

S&P500, ES futures market, Friday forecast, January 24
Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 3337.5, which will be followed by reaching support level 3325 – 3321.25 and if it keeps on moving down below that level, we may expect the pair to reach support level 3312 – 3307.25.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3337.5, which will be followed by moving up to resistance level 3350.5.

Weekly forecast, January 20 – 24
Most important news of this week
Monday: United States – Martin Luther King, Jr.
Tuesday: EU ZEW Economic Sentiment (Jan)
Wednesday: US Existing Home Sales (Dec)
Thusrday: EU Deposit Facility Rate (Jan), EU ECB Monetary Policy Statement, EU ECB Press Conference, Crude Oil Inventories
Friday: EU German Manufacturing PMI (Jan), EU Manufacturing PMI (Jan), US Manufacturing PMI (Jan)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3305, which will be followed by reaching resistance level 3330.25 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3354.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3305, which will be followed by moving down to support level 3275.50 – 3263.25.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.