Analytics News and Market Forecast

Daily price is located near SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) ranging with waiting for direction for the possible breakout or breakdown. The key support/resistance reversal levels are the following:

• 2103.93 key resistance level located above 100-SMA/200-SMA in the bullish area of the daily chart, and
• 1988.96 key support level located below 100-SMA/200-SMA in the beginning of the bearish area.

RSI indicator is estimating the bearish market condition with the secondary ranging.

• If the price will break 2103.93 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 1988.96 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
2103.93	1988.96
2116.27	1863.63

• Recommendation to go short: watch the price to break 1988.96 support level for possible sell trade
• Recommendation to go long: watch the price to break 2103.93 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bearish

Crude Oil: 34.00/33.90 is the next target area

• Nikkei 225 is on the secondary correction within the primary bullish market condition: the weekly price is crossing 100 SMA from above to below to be reversed from the primary bullish to the ranging bullish market condition to be located between 100 SMA/200 SMA area.
• "Nikkei 225 fell past 18,000 to test 23.6% Fibonacci at 17,847. Downtrend signal has resumed in moving averages after a correction period during late December. More short positions could be considered at any break of the Fibonacci."

If the price breaks 16985 support level to below so the reversal of the price movement to the primary bearish condition will be started with the secondary ranging.
If the price breaks 20035 resistance to above so the bullish trend will be continuing.
if not so the price will be ranging within the levels.

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Dow Jones daily price broke 200 day SMA/100 day SMA area from above to below to be reversed from the primary bullish to the primary bearish market condition: the price broke 16,814 support level to below for the good bearish breakdown and with 15,295 level as the next bearish target. The price is located on 3-month low for now, and, according to RSI indicator - the bearish breakdown will be continuing in the near future.

Resistance	Support
17,112	16,814
17.911	15,295

If price will break 17.911 resistance level so the price will be reversed back to the bullish market condition.
If the price will break 15,295 support level so the bearish trend will be continuing.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close price to break 17.911 for possible buy trade
• Recommendation to go short: watch W1 price to break 15,295 support level for possible sell trade
• Trading Summary: bearish breakout

NZD/USD: breakdown with the bearish reversal. The price broke Ichimoku cloud from above to below together with 0.6589 support level and it was stopped by 0.6513 support in the primary bearish area of the chart. Chinkou Span line of Ichimoku indicator is crossing the price to below for the breakdown to be continuing, and Absolute Strength indicator is estimating the bearish trend in the near and medium-term future for example.

We are having 3 simple scenarios for the price movement for the week:

• bearish breakdown will be continuing in case the price breaks 0.6513 support to below on close daily bar, with 0.6427 as the next bearish target,
• the price will be fully reversed to the primary bullish market condition in case of breaking 0.6881 resistance,
• or the the price will be ranging within 0.6513/0.6881 area.

The most likely scenario in this situation for the price is to break 0.6513 support level to below for the bearish breakdown to be continuing in a possible ranging way.
There are the following news events which will be affected on NZD/USD price movement for the week:

• 2016-12-10 21:45 GMT | [NZD - Building Consents]
• 2016-12-12 00:00 GMT | [NZD - ANZ Commodity Prices]
• 2016-12-12 10:30 GMT | [USD - FOMC Member Fischer Speaks]
• 2016-12-14 13:30 GMT | [USD - Jobless Claims]
• 2016-12-14 21:45 GMT | [NZD - FPI]
• 2016-12-15 13:30 GMT | [USD - Core Retail Sales]
• 2016-12-15 13:30 GMT | [USD - Core PPI]

Resistance	Support
0.6881	0.6513
N/A	0.6427

Daily price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging within Fibo resistance level at 14.34 and Fibo support level at 13.64. RSI indicator is estimating the ranging condition to be continuing.

If the price will break Fibo resistance level at 14.34 so the local uptrend as the bear market rally will be started up to 14.61 as the next target.
If the price will break 14.61 resistance level so the price will be reversed from the primary bearish to the ranging bearish market condition to be located within 100 SMA/200 SMA ranging area.
If the price will break 15.12 resistance level so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started.
If the price will break 13.64 support level from above to below so the primary bearish trend will be continuing.
If not so the price will be ranging within the levels.

Resistance	Support
14.34	13.79
14.61	13.64
15.12	N/A

• Recommendation to go short: watch the price to break 13.64 support level for possible sell trade
• Recommendation to go long: watch the price to break 14.61 resistance level for possible buy trade with 15.12 re-enter target
• Trading Summary: ranging

W1 price is located to be below yearly Central Pivot at 10,807 for the crossing 9,807 support level together with descending triangle pattern with the bearish breakdown for the S1 Pivot at 9,190 as the next bearish target:

• "The DAX is rangebound over the last three days with Friday’s high of 10,123 (NFP high) capping price, while this week’s low of 9,659 is supporting price. As the trend is bearish since December, the primary bias for the German DAX is to trade downwards. The index may reach 9,659, and (in the case of an extension) the psychological level of 9,500."
• "The situation is similar for the S&P 500, and a break to its high of 1937.5 will turn it bullish. With this in mind, we might get a strong bullish reaction if the DAX and S&P 500 were to break their Friday highs, but until this happens, both indices may drift lower in line with their bearish trends."

Instrument	S1 Pivot	Yearly PP	R1 Pivot
GX	9,190	10,807	13,317

Trend:

• W1 - bearish breakdown

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Weekly price is located below 200 period SMA and 100 period SMA for the primary bearish market condition:

• The price is on bearish ranging within 50.0% Fibo resistance level at 1119.33 and Fibo support level at 1046.23.
• Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.
• "After bursting up to a new higher-high of $1,113.03 after NFP last Friday, prices have been pulling back. That pullback may have just found support at that same level of prior resistance, and when a level is relevant in a market this will often happen. This is a simple, but often effective price action tell, and traders can look at this as a chance to play the top-side of Gold with a risk-defined play."
• "Traders can look to play the continued reversal in Gold by lodging stops below support; the distance of which should be determined by how aggressively you want to treat the move. The more aggressive setup would be placing a stop below today’s low at $1,083.32. Slightly more conservative would be taking that stop below the nearest psychological level at $1,080. And even more conservative than that would be placing the stop below the prior July 2015 low at $1,071.28. On the top-side, that previous high at $1,113 becomes a level of interest, especially for aggressive stops."

Resistance	Support
1119.33	1046.23
1191.26	N/A

If the price will break Fibo support level at 1046.23 so the primary bearish trend will be continuing.
If the price will break 50.0% Fibo resistance level at 1119.33 from below to above so the local uptrend as the bear market rally will be started.
If the price will break Fibo resistance level at 1191.26 from below to above so the reversal of the price movement from the primary bearish to the primary bullish trend will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close W1 price to break 1119.33 for possible buy trade with 1191.26 target to re-enter
• Recommendation to go short: watch W1 price to break 1046.23 support level for possible sell trade
• Trading Summary: ranging

Trend:

W1 - ranging bearish


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EURUSD Technical Analysis 2016, January: ranging for direction

D1 price is on bearish ranging condition located inside Ichimoku cloud waiting for direction:

• The price is ranging within Senkou Span A and Senkou Span B to be located inside Ichimoku cloud.
• Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator for the possible bullish market condition to be started in the near future.
• Chinkou Span line is crossing the price to above for the bullish condition.
• Nearest support levels are 1.0710 and 1.0522.
• Nearest resistance level is 1.1059.

If the price will break 1.0710 support level so the primary bearish will be continuing with 1.0522 target to re-enter.
If the price will break 1.1059 resistance level so the reversal of the price movement from the primary bearish to the primary bullish trend will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close price to break 1.1059 for possible buy trade
• Recommendation to go short: watch price to break 1.0710 support level for possible sell trade
• Trading Summary: ranging

Resistance	Support
1.1059	1.0710
N/A	1.0522

SUMMARY : ranging
TREND : waiting for direction

Daily price is on bearish breakdown located below 100 day SMA (100 SMA) and 200 day SMA (200 SMA).

The key support/resistance levels for the daily price are the following:

• 2038.20 resistance level located between 100 SMA/200 SMA on the border between the primary bearish and the primary bullish trend on the daily chart, and
• 1863.12 support level located far below 100 SMA/200 SMA in the primary bearish area of the chart.

RSI indicator is estimating the ranging bearish condition to be continuing.

• If the price will break 1917.23 resistance level so the local uptrend as the bear market rally will be started.
• If the price will break 2038.20 resistance level so we may see the reversal of the price movement to the primary bullish market condition.
• If price will break 1863.12 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
1917.23	1863.12
2038.20	N/A

• Recommendation to go short: watch the price to break 1863.12 support level for possible sell trade
• Recommendation to go long: watch the price to break 2038.20 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bearish