Analytics News and Market Forecast

The bearish market condition for Silver over the last months has been brutal for anyone holding the dear metal as speculation mounts that the Fed can create a pass on financial policy. The market could have enraptured too early with the waiting for the game to be started. the presure on Silver is providing by the strong US Dollar and possible interest rates hike at December 15th Meeting. Comments from Federal Reserve Janet Yellen recommend they are closer than ever to a rate rise.
The upcoming U.S. Non-Farm Payrolls is the crucial by the figures: something remotely solid may see Silver trade lower because the expectation of a rate rise is increased. however it's going to not be as huge a move as what would usually be expected.
A rate rise is priced in by 70-80% and a solid nonfarm results are not able to change this tendency. Only when the Fed really will increase rates so we can see the trend for Silver to be moved consequently.


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The price is located below Ichimoku cloud for the primary bearish area of the chart with the secondary ranging within the following key reversal s/r levels:
42.16 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and
50.86 resistance level located near and above Ichimoku cloud in the primary bullish area of the chart.
Intermediate support/resistance levels for the price to go to the key reversal levels are the following:
46.45 resistance level located on the border between the primary bearish and the primary bullish trend on the chart, and


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Daily price* is on the primary bearish market condition located near and below Ichimoku cloud and 'reversal' Sinkou Span lines within the following key support/resistance levels: D1 price - bear market rally:

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H4 price broke 100 period SMA together with 200 period SMA from below to above in the end of the previous week, and the price was corrected to be bounced from 1.0980 resistance level back to 1.0795 support located near the border between the primary bearish and the primary bullish trend on the chart. The price is on the ranging condition for now located within the following support/resistance levels:
1.0980 key reversal resistance level located above 100 SMA/200 SMA on the primary bullish area of the chart, and
1.0628 key reversal support level located below 100 SMA/200 SMA in the beginning of the primary bearish area.
RSI indicator is estimating the secondary correction near bearish reversal.
Resistance


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US Dollar: There are two main high impacted news events which can affect on US Dollar movement for this week:
2015-12-11 13:30 GMT | [USD - Retail Sales]
2015-12-11 15:00 GMT | [EUR - University of Michigan Consumer Sentiment]
Economists expect for Retail Sales to be increased 0.3% after a previously reported 0.1%, and Core Retail Sales is forecasted to be rise 0.4 %. If actual values for Retail Sales will be more than expected values (or more than previous ones) so it will be good for USD Dollar for example.
Resistance


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Many investors of Eurozone fixed their profit and it hepls to will drive down the EURUSD conversion. Analysts at Deutsche Bank have confirmed the warnings: the euro to dollar exchange rate will decline significantly over the longer-term.
In October 2014 Deutsche Bank introduced their Euroglut theory predicted a wave of European capital outflows to the rest of the world would with dramatic euro weakness. Euroglut theory has drawn criticism: as Thomas Klitgaard and David Lucca stated - any outflow from the euro area to be matched by a similar-sized inflow. Besides, those Fed Analysts are suggesting to focus on cross-border financial flows: the euro and global asset prices can move without any change in financial outflows.


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EUR/NZD: bullish ranging. The pair is bullish on market condition: price is located above Ichimoku cloud in the primary bullish area of the chart with the local downtrend as the secondary correction breaking 1.6017 support level and 1.5797 key reversal support level from above to below for the bearish reversal to be started. Chinkou Span line is located near and above the price in full readiness to break it to below for good possible breakdown.
The price is ranging within the following key reversal support/resistance levels:
1.7838 resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
1.3877 support level located far below Ichimoku cloud in the bearish area of the chart.
There are 3 simple scenarios for the price movement for the week and in a long-term situation:


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Paying via ePayments is very easy. Select a necessary service directly in MetaTrader 4 or MetaTrader 5 and specify your ePayments wallet in the list of the available payment methods. You only need to enter your login details and confirm the payment:


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Societe Generale made a forecast for EUR/USD compare with GBP/USD telling that both the pairs will be on bearish condition for Q1'16. And GBP/USD will be in more bearish related to EUR/USD. Let's review this forecast with technical point of view.
As we see from the charts above - both pairs are located below 100 period SMA and 200 period SMA in the primary bearish area of the chart ranging within key support/resistance levels:
Instrument
Bearish Target
RSI


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NZD/CAD: breakout to reversal. The pair is bearish on market condition: price is located near and below Ichimoku cloud in the primary bearish area of the chart with the local uptrend as the secondary market rally breaking 0.9043 key reversal resistance level from below to above for the bullish reversal to be started. Chinkou Span line is breaking the price to above for a good bullish breakout to be started.
The price is rlocated within the following key reversal support/resistance levels:
0.9043 key reversal resistance level located on the border between the primary bearish and the primary bullish trend on the chart, and
0.8275 support level located far below Ichimoku cloud in the bearish area of the chart.
There are 4 simple scenarios for the price movement for the week and in a long-term situation:


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