Analytics News and Market Forecast

Dollar index is on bullish condition breaking 100.20 resistance for 100.38 as the next bullish target. Second pivot-resistance level at 99.31 was broken by the price, and it is ranging within important psy levels for now. If the price breaks 100.38 resistance so the bullish market condition will be continuing with the highs not seen since April 2003.
USD/JPY is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the bullish market condition with the secondary ranging: the price is traded below four-month high of 123.74. If this 123.74 resistance will be broken so we may see 125.85 as the next bullish target, otherwise the price will be ranging within familiar levels with the primary bullish market condition.
Resistance
Support
123.74
118.05
125.85
116.13


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Societe Generale made a forecast for NZD related pairs based on fundamental analysis expecting the bearish market condition to be continuing. The main reason for that are the following:
house price inflation is up to 15% y/y;
expectation for rate cut at next RBNZ meeting to 2.5% from 2.75%.
As we from the chart above - NZD/USD is on primary bearish condition for the ranging within the following key support/resistance levels:
0.6895 resistance, and


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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:
12425 resistance level located far above 100 SMA and 200 SMA in the primary bullish area of the chart, and
9298 support level located within 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend.
RSI indicator is estimating the primary bullish to be continuing.
If the price will break 12425 resistance level so the bullish trend will be continuing.


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Many analytics are expecting the global high impact of Fed hike which will be first rate rise in 10 years:
Trevor Charsley from AFEX is considering that the Fed interest rate rising will affect on the emerging markets because the debt repayments will be increased.
Jeremy Cook (World First) said about Asian and other emerging markets to have their feet held to the fire in the coming months.
David Lamb from FEXCO stated that the Fed rate hike is to hit commodity currencies far harder than sterling because BoE.
Glenn Uniacke at TTT Moneycorp Limited expected for the commodity currencies to be squeezed by the combination of US dollar and prices for commodities (oil and copper).


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W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging within 1.0500 psy support level and Fibo resistance level at 1.1713: descending triangle pattern with 1.0567 support level was already formed to be crossed by the price to below for the bearish trend to be continuing.

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H4 price is on primary bearish market condition located near and below Ichimoku cloud and 'reversal' Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is ranging within the following key reversal support/resistance levels:
1.0689 key resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
1.0550 key support level located below Ichimoku cloud in the primary bearish area.
There are imtermediate s/r levels for intra-day price on the way to the key reversal levels:
1.0637 resistance located inside Ichimoku cloud; if the price breaks this level from below to above so the bullish reversal may be started with the secondary ranging condition, and


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The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) within the following support/resistance levels:
100.39 resistance level located far above 100 SMA and 200 SMA in the primary bullish area of the chart with R3 Pivot level at 107.47 as the next bullish target, and
92.62 support level located within 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend.
RSI indicator is estimating the primary bullish to be continuing.
If the price will break R3 Pivot level at 107.47 resistance level so the bullish trend will be continuing.


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Morgan Stanley estimated the most interesting possible trades by the direction for some pairs which they will trade in 2016.
GBP/JPY. Short.
Monthly price is on bullish market condition with the ranging within 195.86 resistance and 174.86 support levels. Morgan Stanley evaluated this pair to be in short by direction for 2016 which means that 174.86 support level may be broken to below and the price will start the secondary correction within the primary bullish market condition.
Resistance
Support
195.86
180.39
N/A
174.86
USD/SGD. Long.
Morgan Stanley stated that this pair is one of the most interesting for trading in 2016: the direction is long, and the level to start openning buy trades is 1.4363 resistance level.
Resistance
Support
1.4363
1.3439
N/A
1.3149
USD/PLN. Long.
The price for this pair is on bullish breakout which was started in September 2014, and this breakout tebdency is going to be continuing for whole 2016.


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W1 price is located above 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bullish with secondary ranging between Fibo support level at 116.13 and resistance level at 125.85: If the price will break Fibo support level at 116.13 so we may see the secondary correction within the primary bullish…

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[EUR - Minimum Bid Rate]= Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

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