Analytics News and Market Forecast

W1 price is on primary bearish with secondary ranging within the following key support/resistance levels:
0.6896 resistance level, and
0.6235 support level.
Absolute Strength indicator and Trend Strength indicator are estimating the bear market rally to be started.
Chinkou Span line is located below the price indicating the bear market rally to be started in the near future.


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USD/JPY: ranging around reversal level. This pair is on bullish market condition for the ranging within the following key levels:
125.85 key resistance level located far above Ichimoku cloud in the bullish area of the chart, and
118.05 support level located inside Ichimoku cloud in the bearish ranging area of the chart.
Absolute Strength indicator is estimating the bullish trend to be continuing with the secondary ranging condition, and Trend Strength indicator is evaluating the secondary correction with bearish reversal to be started.
Chinkou Span line is located above the price for the ranging condition by direction and with the possible breakdown in the near future.


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Credit Agricole made a fundamental forecasts related to the price of some pairs movement during some high impacted news events for the week. Let's evaluate those forecasts based on technical analysis.

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Skandinaviska Enskilda Banken made some technical analysis for EUR/JPY estimated the weekly bearish reversal for EUR/JPY.
As we see from the image above - the price is ranging within 100 period SMA and 200 period SMA between Fibo resistance level at 141.05 and support level at 131.59. descending triangle pattern was formed by the price to be broken from above to below. If the price breaks Fibo resistance level at 141.05 so we may see the bullish market condition, if the price breaks support level at 131.59 so it may be good possibility to the bearish reversal.
Resistance
Support
141.05


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M5 price is on breakdown: the price broke SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) from above to below to be stopped by 1.0946 support level in the bearish area of the chart. If the price breaks 1.0946 support level from above to below on close bar so the bearish breakdown will be continuing up to 1.0933 as the next breakdown target. If the price breaks 1.0957 resistance level from below to above so the next 'reversal' target will be 1.0970 resistance located in the bullish area of the chart.
If the price will break 1.0970 resistance level so we may see the bullish trend to be started on this timeframe.
if price will break 1.0933 support so the bearish trend will be continuing.
if not so the price will be ranging within the levels.
Resistance


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Goldman Sachs made a review of fundamental expectation and some forecasts concerning the EUR/USD pair movement this week started once again about 1.05 bearish target for this pair to be very real one:
past events: September 4, 2014, the ECB press conference.
recent/future events: December 3 meeting.
From the technical point of view - the nearest support level for this pair is 1.0896 with 1.0461 as the next bearish target. If the price breaks 1.0896 support level from above to below so 1.05 (1.0461) may be the nearest support level and it may be broken soon or later anyway for example.
If the price will break 1.0807 support level so the bearish condition will be continuing up to 1.0461 as the next bearish target.


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Skandinaviska Enskilda Banken made some technical analysis for EUR/GBP estimated the bearish market condition to be continuing with below 0.71 figure.
The price is on bearish market condition located below 100 period SMA and 200 period SMA. Price is ranging within Fibo resistance level at 0.7492 and Fibo support level at 0.6935. RSI indicator is estimating the primary bearish to be continuing, and the price is breaking 61.8% Fibo support level at 0.7123 from above to below for 0.6935 level as the next bearish target. By the way, 'reversal' level for this pair is 0.8009, and if the price crosses this level so we may see the reversal of the price movement to the primary bullish market condition with a good breakout possibility for example.
Resistance
Support
0.7492


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Nomura made a forecast for NFP which will be issued this Friday expecting actual data to be 155K compare with 142K past data. It means that we can expect the downtrend during this high impacted news event but in secondary ranging way:
if 155K is real actual data compare with 142K past data so it may be good for currency (for USD in our case), and it means the EUR/USD will continuing with bearish trend with 1.0896 as the real bearish target;
but forecasting data for this event (179K) is more than 'proposed' by Nomura, and it means that we may see the ranging condition.
Thus, the price will go to downtrend but in fully ranging way.
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Skandinaviska Enskilda Banken made some technical analysis for Gold evaluated the market condition for this pair a secondary ranging in the next and medium-term future for example. The price is below 100 period SMA and 200 period SMA for the primary bearish market condition with the secondary ranging within Fibo resistance level at 1191.43 and…

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Crude Oil: ranging round key levels. The price is on primary bearish with the ranging within 54.00 key resistance level and 42.18 key support level. Both levels are located below Ichimoku cloud and Sinkou Span lines with the bearish area of the chart. Intermediate support level for Crude Oil price is 46.22, and if the price crosses this level from above to below so we may see 42.18 as the next bearish target. Bullish reversal level for Crude Oil price is 66.32 located inside Ichimoku cloud in the ranging bullish area of the chart.
if the price breaks 54.00 resistance so we may see the secondary rally within the primary bearish market condition;
if the price breaks 66.32 resistance so the price will be reversed from the primary bearish to the primary bullish market condition with the secondary ranging;
if the price breaks 42.18 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;


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