Analytics News and Market Forecast

H4 price is on ranging condition located near and above Ichimoku cloud and Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. The key support/resistance levels for the pair are the following:
1.5241 key support level located far below Ichimoku cloud in the primary bearish area of the chart, and
1.5496 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart.
Chinkou Span line is near and above the price for the ranging condition by direction. Absolute strength indicator is estimating the rangng bearish trend for this timeframe.
Resistance


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W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 46.22 support level and 54.00 resistance level:
The price is ranging between 46.22 support and 54.00 resistance.
descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.
If weekly price will break 46.22 support level so the primary bearish will be continuing with 42.18 as the next bearish target.
If weekly price will break 54.00 resistance level so the secondary rally will be started within the primary bearish market condition.


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W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level:
Symmetric triangle pattern was formed by the price to be crossed for direction.
If the price breaks 0.6896 resistance level so we may see the secondary rally within the primary bearish market condition.
If the price breaks 0.7743 resistance level so the price will be started to be reversed from the primary bearish to the primary bullish condition.
if the price breaks 0.6084 Fibo support level so the primary bearish trend will be continuing.


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish with secondary ranging between Fibo resistance level at 1191.43 and Fibo support level at 1077.20:
Symmetric triangle pattern was formed by the price to be crossed for direction.
If the price breaks 1191.43 Fibo resistance level so we may see the secondary rally within the primary bearish market condition.
If the price breaks 1232.41 resistance level so the price will be started to be reversed from the primary bearish to the primary bullish condition.
if the price breaks 1077.20 support level so the primary bearish trend will be continuing.


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Goldman Sachs made long-term forecast for AUD/USD for 2016 stated that the price will be continuing with the bearish trend up to 0.69 at year-end:* As we see from the charts above (W1 timeframe and MN1 timeframe for AUD/USD) - 0.6916 is the key support level for this pair for both timeframes:

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Gold (XAU/USD): bearish. The price is on primary bearish with the ranging within 1077.19 key support level and 1191.48 key support level. Both levels are located below Ichimoku cloud and Sinkou Span lines for the bearish area of the chart. Intermediate support level for the pair is 1098.68, and if the price crosses this level from above to below so we may see 1077.19 as the next bearish target. Bullish reversal level for the price is 1232.40 located inside Ichimoku cloud in the ranging bullish area of the chart.
if the price breaks 1191.48 resistance so we may see the secondary rally within the primary bearish market condition;
if the price breaks 1232.40 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 1077.19 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;


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Some major int'l financial institutions are making fundamental forecasts concerning NFP for today. For example:
Deutsche Bank stated that EUR/USD price may reach 1.05 as a target;
Morgan Stanley are talking about intra-day ranging market condition for today for this pair;
The Royal Bank of Scotland evaluated 3 scenarios soncerning NFP figures: 200k and above, 175k to 200k and 175k or below. And it was made one conclusion only: Short EUR/USD.
From the technical point of view - the intra-day price is on bearish market condition located below 100 period SMA and 200 period SMA.


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Goldman Sachs made technical and fundamental forecasts related to EUR/GBP price movement for 2016 which was stated about the bearish trend to be continuing for this pair in the long-term situation:
Instrument
Q1
Jan'16
Q2
Apr'16
Q4
Oct'16
EUR/GBP
0.690
0.670
0.650
As we see from the chart above - 0.6935 is the key support level for this pair for both timeframes:
on W1 timeframe - the price is located below Ichimoku cloud for the bearish breakdown to be started;
monthly chart - the price is on bearish for the ranging within 0.7492 key resistance level and 0.6935 key support level.
Chinkou Span line is located below the price for the bearish trend to be continuing with the breakdown by direction, and Ichimoku cloud together Sinkou Span lines are far above the price which makes the bullish reversal to be impossible in this and next year for example.


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2014-11-06 13:30 GMT | [USD - Non-Farm Employment Change]
past data is 142K
forecast data is 181K
actual data is 271K according to the latest press release
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.


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Silver (XAG/USD): ranging near bullish reversal. The price is on primary bearish with the ranging within 16.34 key resistance level and 13.96 key support level located below Ichimoku cloud and Sinkou Span lines with the bearish area of the chart. Key resistance level at 16.34 is located near 'reversal' Sinkou Span line on the border…

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