Analytics News and Market Forecast

AUD/NZD
This pair was reversed from the primary bullish to the primary bearish market condition in October this year: price crossed 100 period SMA and 200 period SMA from above to to below and it was stopped by 1.05 support level. if this level will be broken by the price so we may see the bearish trend to be continuing.
According to the forecast made by Westpac Banking Corporation, this 1.05 support level will not be broken - we may see the secondary ranging for this year and some rally to be started in the next year with 1.09 'reversal' target located on the border between the primary bearish and the primary bullish on the chart.
Pairs
Q4


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Weekly price is on bullish market condition for ranging between Central Pivot at 16483 and R2 Pivot at 20733. The price is breaking R1 Pivot at 19117 from above to below and from below to above for the secondary ranging market condition.
Instrument
S1 Pivot
Yearly PP
R1 Pivot


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Weekly price is on bullish market condition for ranging between Central Pivot at 1963.05 and R1 Pivot at 2188.18. The price is breaking 2134.42 resistance with R1 Pivot at 2188.18 as a next bullish target.
Instrument
S1 Pivot
Yearly PP
R1 Pivot


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W1 price is below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish with secondary ranging market condition:
the price is ranging within the following support/resistance levels: 54.27 key resistance level and 42.18 key support level;
symmetric triangle pattern was formed by the price to be crossed for the direction.
If the price will break 42.18 key support level so the primary bearish trend will be continuing.
If the price will break 54.27 key resistance level from below to above so the secondary market rally will be started.


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AUD/JPY: ranging bearish. This pair is on bearish market condition for ranging within 88.60 resistance level and 82.11 support level. Ascending triangle pattern was formed by the price to be broken from below to above for the bear market rally. Chinkou Span line is indicating the ranging condition within the primary bearish.
If the price will break 82.11 support level so the primary bearish trend will be continuing.
If the price will break 88.60 resistance level from below to above so the bear market rally will be started up to 97.29 as the next 'reversal' target.
If not so the price will be ranging between the levels.
There are the following news events which will be affected on GBP/CAD price movement for the coming week:


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Weekly price is on bullish market condition for ranging between R1 Pivot at 95.23 and R2 Pivot at 99.31. The price is breaking 97.20 resistance level for R2 Pivot at 99.31 as a next bullish target. Ascending triangle pattern was formed by the price for the bullish trend to be continuing.
Instrument
S1 Pivot
Yearly PP
R1 Pivot


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Societe Generale made a technical and fundamental forecast for USD/CAD for 2016:
"The Canadian dollar has been heavily affected by movements in crude oil prices in recent years. There has been an average correlation of -0.55 on USD/CAD spot versus WTI front-month prices year-to-date, using daily two-month rolling correlation."
"Our commodity strategists expect crude oil prices to stabilise at current levels and trade sideways until mid-2016, so CAD will not be getting a lift from oil in the next few months."
"The Bank of Canada will also lag the Fed in raising rates. The Liberal victory in the Canadian federal elections should result in a small fiscal boost to growth. The Liberals promised increased infrastructure spending and a more redistributive tax system, and that should boost growth marginally over the next two years."


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W1 price is on primary bearish with secondary ranging within the following key support/resistance levels: Absolute Strength indicator is estimating the ranging condition, and Trend Strength indicator is evaluating the market condition as possible bear market rally to be started in the near future.

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Deutsche Bank adviced to sell EUR/GBP this week based on some fundamental weekly forecast:
"It’s a big week for sterling followed by the BoE’s QIR on Thursday. The question is whether the MPC follow the ECB or Fed’s lead by signaling either that tightening will be delayed or reiterating the belief that rate hikes would come into focus at the turn of the year."
"We think the latter, and with a hike not fully priced by the end of next year, think the risk/reward to being long GBP is favorable going into the meeting."


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W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition with the secondary ranging between Fibo resistance level at 1.1713 and key support level at 1.0807:
the price is trying to cross Fibo support level at 1.0897 for 1.0807 as a next bearish target;
"support is estimated in the mid-1.0800s. Resistance is estimated in the mid-1.1400s (May and June high are 1.1435/65). A break on either side would indicate potential for a larger move."
"EUR/USD traded 1.1494 (a bit above the cited level) 2 weeks ago and down to 1.0897 last week. This is support near term. Failure to hold here would make a breakdown a reality. It’s decision time."
bullish reversal resistance level for this pair is 1.2192 located on the border between the primary bearish and the primary bullish on the chart;


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