Analytics News and Market Forecast

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:
1046.27 support level located far below Ichimoku cloud in the primary bearish area of the daily chart, and
1191.48 resistance level located far 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:
1142.97 resistance level located on the border between the primary bearish and the primary bullish trend on the chart, and


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Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well. But there are stocks which are bullish in the market for the long time: McDonald`s (MCD) with Procter & Gamble (PG), and they will continuing with bullish trend for whole 2016.
McDonald`s (MCD). Bullish breakout. The price is located above ichimoku cloud in the bullish area of the chart. Price is on good bullish breakout since September this year breaking key resistance levels. This kind of bullish breakout will be continuing in 2016 especially in the first half of the year with some secondary ranging in the end of the next year.


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The oil pice is falling by breaking key support levels to below for the bearish trend to be continuing so let's review some oil stocks in the technical point of view. Most oil stocks are located on the ranging market condition waiting for direction: this is not up, but has not yet down. For example.
1. Schlumberger Ltd. (SLB): the biggest oilfield services company in the world. The stocks are going to be reversed from the primary bullish to the primary ebarish market condition: the price is located inside Ichimoku cliud for secondary ranging trying to break 72.0 support level for the bearish breakdown. Chinkou Span line is crossing the price from above to below on open motnhly bar for now indicating the good possible breakdown in the near future.
Thus, the tendency for SLB in 2016 is the strong bearish trend with the bearish breakdown.
Long-term strategy: watch the price to break 72.0 support level for possible sell trade with 66.5 as the next target.


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The China reserves rose by $11.39 billion in October during short-time recovery it was decline in November because of the following:
expectations of the US rate hike, and
slowing economic growth.
Forex reserves in China was falling by $87.22 billion to $3.438 trillion at the end of November, the People’s Bank of China said, and it is the lowest level since 2013 when the reversed were $3.395 trillion.
Policy makers are continuing evaluation of the reserves after devalued the yuan in August just to monitor the possibility for the further weakening of Chinese currency because People’s Bank of China does not want for yuan to fall dramatically.


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Goldman Sachs updated their long-term forecast for EUR/USD with more bullish than in previous one: the price will be droped to 1.07 for 3 months instead of 1.02 as the previously forecasted, half a year forecast is 1.05 instead of 1.000, and one year fiorecast is 1.0000 instead of 0.9500 previous one.
Instrument
3 month forecast
6 month forecast
12 month forecast


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The latest forecast for USD/JPY made by National Bank of Canada is indicating for USD/JPY to be in ranging market condition within Central Pivot at 114.36 and the first pivot resistance level R1 Pivot at 127.96. This is the total ranging market condition without any breakout or breakdown up to Q1 2017.

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National Bank of Canada made a long-term forecast for USD/CAD up to Q1'17. It was stated the the price will be bounced from 1.35 resistance area back to 1.27/1.29 levels by the way of the secondary correction within the primary bullish market condition.

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H4 price is on the primary bullish market condition with the secondary breakout: the price broke SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) from below to above to stop in the bullish area of the chart near 1.1052 resistance level.
Price is traded within the following key reversal support/resistance levels:
1.1052 resistance located above 100 SMA/200 SMA in the primary bullish area of intra-day chart, and
1.0878 support located near above 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend.
Resistance


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D1 price is near 100 day SMA (100 SMA) and 200 day SMA (200 SMA) waiting for daily bearish/bullish direction of the trend. The key support/resistance levels for this pair are the following:
121.06 support level located below 100 SMA/200 SMA in the beginning of the bearish area of the daily chart, and
123.78 resistance level located above 100 SMA/200 SMA in the bullish area of the chart.
RSI indicator is estimating the ranging bearish condition.
If the price will break 123.78 resistance level so the bullish trend will be continuing.


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The market is continuing in ranging based on high impacted news events released: The Dow Jones Industrial Average dropped about 1.00 percent and the price came to be closer to 100 period SMA which is the border between the ranging bearish and the primary bullish on the chart, and S&P 500 was dropped to be closer to 2016 key support level located on the border between bearish/bullish area as well.
2015-12-07 23:50 GMT | [JPY - Current Account] [USD became stronger compare with JPY based on 1.49T actual data released]
2015-12-08 01:56 GMT | [CNY - Trade Balance] [USD became stronger compare with CNY based on 343B actual data released]
2015-12-09 01:30 GMT | [CNY - CPI] [CNY became stronger compare with USD based on 1.5% actual data released]


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