Analytics News and Market Forecast

Dovish tone from the Bank of England (BOE) is moving GBP to be down keeping selling pressure. Brexit debate could also support more bearish, and inflation rising is not enough to support for GBP. Morgan Stanley is expecting for GBP/USD to fiished with secondary ranging starting the bearish condition with the breaking the key support levels on the way for example.
There are the following news events which will be affected on GBP/USD price movement for the week:
2015-12-01 07:00 GMT | [GBP - Bank Stress Test Results]
2015-12-01 07:00 GMT | [GBP - BOE Financial Stability Report]
2015-12-01 09:00 GMT | [GBP - BOE Gov Carney Speech]


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The price is on bullish market condition for breaking 123.74 resistance level for the bullish trend to be continuing with 125.85 as the next bullish target. W1 price is on primary bullish market condition:

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Oil price falls from 54.00 to a little above 43.50 since the beginning of October this year, and it has a negative impact on economy and the currency. Further easing not priced and the CAD may weaken if Bank of Canada will take more dovish tone.
There are the following news events which will be affected on USD/CAD price movement for the week:
2015-12-01 13:30 GMT | [CAD - GDP]
2015-12-02 15:00 GMT | [CAD - Overnight Rate]
2015-12-02 17:25 GMT | [USD - Fed Chair Yellen Speech]


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Goldman Sachs analysts considered that there will not be any big movement for the market in 2016, and they started the forecast from S&P 500 index predicted the weak market with a little growth. The price will be stuck to be around 2,100 level for the ranging market condition. As we see from the chart below - the price is on bullish ranging within 2,010 and 2.134 levels since August this year, and there is no any sign for the price to break 2.134 resistance to above for the bullish trend to be continuing.



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Many analysis are considering NZD as the strongest currency for now compare with JPY for example.
Anyway, as we see from the chart above - NZD/USD is on bearish condition for far below 100 SMA/200 SMA reversal area, and it seems the bearish trend will be continuing for breaking 0.6427 support level of bearish triangle pattern with 0.6102 level as the next bearish target.
The USD/JPY pair is on bullish condition for the ranging since the December last year within 125.85 resistance and 116.13 level. The price may break intermediate resistance at 123.78 from below to above with 125.85 as the next bullish target, but this target is unlikely to be broken in the near furure for example: the price will be continuing with the ranging or the secondary correction may be started in the beginning of 2016.


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The price is located near 200 period SMA (200 SMA) on the border between the primary bearish and the primary bullish trend on the chart within the following support/resistance levels:
6463 resistance level located between 100 SMA and 200 SMA on the ranging area of the chart, and
5758 support level located below 100 SMA/200 SMA in the primary bearish area of the chart.
RSI indicator is estimating the secondary ranging market condition.
If the price will break 6463 resistance level so the bullish reversal will be started.


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The week is going to be a critical one for the market: we will see some high impacted news events which can move the market a lot:
2015-12-03 12:45 GMT | [EUR - Repo Rate]
2015-12-03 13:30 GMT | [EUR - ECB Press Conference]
2015-12-03 15:00 GMT | [USD - Fed Chair Janet Yellen Yellen Speech]
2015-12-04 13:30 GMT | [USD - Non-Farm Employment Change]


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M30 price is located to be above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key support/resistance levels:
0.7342 resistance level located far above 100-SMA/200-SMA in the primary bullish area of intra-day chart, and
0.7282 support level located near the border between the primary bearish and the primary bullish trend on the chart.
RSI indicator is estimating the ranging condition to be continuing by direction in the near future.
if intra-day price will break 0.7342 resistance level so the primary bullish trend will be continuing.


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The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) with the ranging within the following support/resistance levels:
20975 resistance level located above 100 SMA and 200 SMA in the primary bullish area of the chart, and
16985 support level located within 100 SMA and 200 SMA on the border between the primary bearish and the primary bullish trend.
RSI indicator is estimating the bullish trend to be continuing.
If the price will break 20975 resistance level so the bullish trend will be continuing.


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The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) with the ranging within the following support/resistance levels: RSI indicator is estimating the secondary ranging market condition.

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