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Commodities, Forex and Stock Market Trend Forecasts

Stock-Markets / Financial Markets 2016 Oct 17, 2016 - 05:00 PM GMT

By: Ken_Ticehurst

Stock-Markets

We should now begin to see a drop in WTI over the next couple of months and in to 2017. So far the last few weeks have been as forecast and the next down phase we have been modelling for months is now due.


WTI Daily Chart

We continue to forecast a period of Dollar and Yen strength over the next few months which will have an impact on many of the markets we forecast. We have been forecasting for some time that the the Pound would be the weakest of the major currencies going forward and we got our drop last week, a little earlier and deeper than forecast but none the less well within our forecast parameters.

Our forecast for a new down leg down in the Euro against the Dollar has remained on track for some time, we didn't quite get our last little bounce but we do now appear to beginning the next Dollar bull phase which could see parity within months.

EUR/USD Daily Chart

We are forecasting a correction in global stocks over the next six months, we think the SPX along with most of the major indices has put in a top, this fits in well with our commodity and forex forecasts.

Our S&P500 forecast has for some time been indicating that we are on the verge of a period of weakness it may take a few more weeks before we begin to see the market drop in earnest. Our forecast has again remained on track for weeks now and we are still expecting a drop over the next few months.

SPX Daily Chart

We are still forecasting a new down leg in commodities, a stronger Dollar and an even stronger Yen during the fourth quarter of this year, we anticipate these dynamics will create the conditions for some key markets to sell off for a period which will relieve some over bought conditions necessary for a healthy market.

Our short term forecasts are a representation of our medium and long term forecasts which always show the full picture, prices tend to be more random day to day than they are week to week or even month to month. Our short term forecasts are always anchored against these larger patterns that barley change from week to week, this is what allows us to be so confident with our shorter term forecasts in spite of the increased randomness in the short term.

Taking patterns in nature that repeat over different time frames like fractals as the basis for the forecast methodology, our forecast patterns can last for months and years, we create a most probable long term fractal pattern and then continually test it and model it over multiple time frames to ensure the pattern remains a probable event.

Ken Ticehurst is the publisher of forecasts for a wide range of markets at kenticehurst.com he has a BSC (Hons.) in Industrial Design and decades of experience as a data analyst. Having used technical analysis during over ten years of trading, he became frustrated with how backward looking it is and set about creating a logical mathematical approach to analysing future prices.

Copyright 2016, Ken Ticehurst.  All rights reserved.

Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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