Analytics News and Market Forecast

W1 price is near and below 200 period SMA (200-SMA) and 100 period SMA (100-SMA):
the price was crossed 200-SMA on close weekly bar and came to the primary bearish area of the chart;
price is ranging between 23.6% Fibo resistance at 90.62 and Fibo support level at 87.43;
descending triangle pattern was formed by the price to be broken from above to below for the possible bearish breakdown;
RSI indicator is estimating possible bearish breakdown.


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Goldman Sachs made a forecast for S&P 500 to finish the year at 2000 with the following explanation: On the other hand, Credit Suisse provided a littler more explanation of the situation: Let's evaluate this situation from the technical points of view.

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UBS described some trading strategies which may be used for EUR/USD in short and medium term situation:
EUR/USD: "the pair has had a slow week so far with no clear direction and we should see more of the same ahead of Friday's US payrolls. Keep playing the intraday moves and only get involved on the extremes. Month-end moves might provide some opportunities today, but overall we think that the 1.1000-1.1400 range is the new 1.0800-1.1200."
As we see - UBS changed the key s/r range from 1.1000/1.1400 to 1.0800/1.1200 expecting the more bearish in medium term. The price will be ranging within the following key support/resistance levels:
1.1295 resistance level located near above 200 day SMA, and
1.0847 support level located far below 200 day SMA in the primary bearish area of the chart.


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W1 price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the secondary ranging between Fibo support level at 0.6084 and 38.2 Fibo resistance level at 0.6715:
100 SMA crossed with 200 SMA from above to below for the bearish trend to be continuing;
RSI indicator is estimating the ranging bearish market condition;
descending triangle pattern was formed by the price to be crossed to below for possible good breakdown possibility.
Trend:


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Weekly price is on bearish market condition for ranging between 42.18 support level and 54.27 resistance level.
Chinkou Span line is located to be below the price and indicating the ranging condition to be continuing.
'Reversal' Sinkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located above the price.
Absolute Strength indicator is estimating the secondary ranging.
If W1 price will break 42.18 support level on close W1 bar so the bearish market condition will be continuing.


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W1 price is above 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bullish market condition:
The price is trying to break Fibo resistance level at 1.3457 from below to above for the bullish trend to be continuing;
Ascending triangle pattern was formed by the price with 1.3416 resistance to be crossed to above for good possible breakout in the near future;
"For now, I will be flat on USDCAD awaiting a test for 1.3315. A break of those levels, along with the corresponding confirmation in USOil and US dollar would cause me to scale into a short trade around 1.3300 targeting 1.2950. If 1.2950 is hit, stops would be taken to breakeven as a larger reversal could be underway. If 1.3315 holds as support, a ‘buy the dip’ mentality should continue to serve you well as the trend isn’t ready to retire."


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This trading week ended with some interesting results and setups for XAG/USD so, let's describe some of the interesting moments for this pair.
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D1 price is on primary bearish market condition: the price is breaking 14.45 support lebel from above to below for the bearish trend to be continuing.
H4 price is on bearish condition with the secondary ranging between the following key support/resistance levels:
14.69 resistance level located on the border between the primary bearish and the primary bullish on th chart, and


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United Overseas Bank expects sideways trading within 1.1145 and 1.1245 which means the following:
the price will be ranging between 1.1245 resistance level located on 100-SMA/200-SMA on the border between the primary bearish and the primary bullish on the chart, and
1.1145/1.1143 support level located below 100-SMA/200-SMA in the primary bearish area of the chart.
According to UOB - EUR/USD pair is on ranging market condition for waiting for direction:
"EUR continues to trade in a listless manner and at this stage, we still prefer to hold a neutral view. Only a clear move beyond the key levels of 1.1085 or 1.1295 would suggests the start of a directional movement in the coming weeks."


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2015-10-02 13:30 GMT | [USD - Non-Farm Employment Change]
past data is 173K
forecast data is 201K
actual data is 142K according to the latest press release
if actual > forecast (or previous data) = good for currency (for USD in our case)


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D1 price broke Ichimoku cloud together from above to below together with symmetric triangle pattern with good bearish breakdown: the price is located below Ichimoku cloud in the primary bearish area of the chart. Daily price was stopped by 1111.03 support level on the way to 1077.19 key support level located far below Ichimoku cloud in the primary bearish area of the chart. The bullish key resistance level for this pair is 1170.06 located far above Ichimoku cloud in the bullish area of the daily chart. Absolute Strength indicator is estimating the bearish condition, and Chinkou Span line is signalling about the bearish breakdown to be continuing.
If D1 price will break 1170.06 resistance level on close daily bar so the price will be reversed to the primary bullish market condition.
If D1 price will break 1077.19 support level on close daily bar so the primary bearish trend will be continuing.
If not so we may see the ranging within primary bearish.
Resistance


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