Analytics News and Market Forecast

Goldman Sachs made a forecast related to upcoming European Central Bank meeting on Thursday stated that this ECB meeting will be more than just a usual policy decision. Goldman Sachs is expecting the following:
EUR/USD to break 1.05 support area at day-end,
1.0461 will be broken at year-end;
0.95 will be reached by end-Q1'16.
Resistance


more...

W1 price is on primary bullish condition located above 200 period SMA and 100 period SMA. The price is ranging within Fibo support level at 2.7576 and Fibo resistance level at 3.0747.
bullish retracement pattern is formed by the price for the possible bullish breakout;
symmetric triangle pattern was broken by the price from below to above for the bullish trend to be continuing.
Medium-term strategy: ranging.
Long-term strategy: strong bullish.


more...

The developments on expanding the web platform features are in full swing. Our immediate and most important objective is to provide web traders with technical analysis tools. To address this task, we have started adding technical indicators into the web platform.

We have completely revised the chart display model making it possible to apply multiple indicators simultaneously. The indicators can be displayed in a selected symbol window, as well as in a separate one. The ability to configure the indicator parameters has also been implemented. At the moment, our developers and QA specialists are thoroughly testing all the features to ensure stable operation of analytical tools.



more...

Many analytics and int'l financial institutions published their forecasts related to US Dollar and emerging currency market in 2016. They all stated that US dollar will get stronger and the other currencies will stay weak:
JPMorgan consideres that this tendency will be the main one in the first half of the next year for example when Federal Reserve rate was already rised with the further easing by ECB.
Nomura stated that Bank of Japan easing expectation is very high but it will still remain to be dovish.
BNP Paribas predicts the dollar will be rising against JPY.
Anyway, as we see from the chart above - the dollar index is on eight month high for now by breaking 100.31 resistance to above. And the bullish trend will be continuing in 2016 just for sure. And the other currencies will remain to be more bearish in 2016, for example:


more...

EUR/USD (D1): breakout on reversal. The price is located near and below 100 day SMA (100 SMA) and 200 day SMA (200 SMA) in the primary bearish market condition with the secondary bear market rally with breakout within the following key reversal support/resistance levels:
1.1713 key resistance level located far above 100 SMA/200 SMA in the bullish area of the chart, and
1.0502 key support level located far below 100 SMA/200 SMA in the bearish area of the daily chart.
Intermediate resistance on the way to the key reversal level is the following:
1.1095 resistance level located near and above 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend on the chart; if the price breaks this level from below to above so the bullish reversal will be started.


more...

Gold price is traded on 5.5 year low by reachin 1052.67 support: the price is under pressure by bearish fundamental news events from the US and strong US dollar which is breaking 100.31 resistance to above for now. Janet Yellen gave a speech to the Washington Economic Club providing the investors more arguments for FOMC to hike interest rate in December. And because of that gold price did lose so much during the Yellen’s comments.
From the technical point of view - the daily price was started the bearish breakdown in the end of December this year:
Chinkou Span line broke the price from above to below.
Tenkan-sen line crossed with Kijun-sen line of Ichimoku indicators for the bearish condition.
The price crossed Ichimoku coud and came to the bearish area of the chart.


more...

[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.

more...

Goldman Sachs estimated 6 stocks which can outperform with high international sales under 'strong dollar regime'. So, six stocks was identified with 'buy' ratings:
1. Chipotle (CMG)
Stock performance in 2015: -15%
Projected 2016 earnings growth: 18%



more...

Morgan Stanley made a forecast for GBP/JPY estimated long-term bearish condition for this pair with 161.00 in 2016. From the technical point of view - the weekly price is in bullish market condition for the ranging within R1 Pivot at 194.89 and Central Pivot at 179.38. The symmetric triangle pattern was broken by the price to below for the secondary correction to be started within the primary bullish condition. The price is located near and above Central Pivot at 179.38 which makes the bearish reversal to be very likely in the bear future. If the price breaks 179.38 level from above to below so we may see the first support level in 169.08 as the next bearish target for example.
By the way, 160.31 level as the value of 200 period SMA is the key reversal support level, which can be associated with above mentioned level 161.00 - if the price breaks this level to below so we may see the reversal of the price movement to the primary bearish market condition.
Instrument
S1 Pivot
Yearly PP


more...

As we are going to have USD - Non-Farm Employment Change news event today so The Royal Bank of Scotland made fundamental forecast related to this news event with the connection with the most attractive pairs to trade in any situation concerning the actual data for NFP for example. And just to remind: if actual data for NFP > forecast (200K for now) so it will be good for currency (US dollar will become more stronger).
The are 3 main scenarios for NFP:
1. Actual data is 225k and above (with 200K forecasting ones): The most attractive pair to trade in this case is AUD/USD: the strong case with Australian dollar will be finsihed and we can consider for this pair to be in more bearish market condition.
Sell AUD/USD.


more...