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Tuesday, 22 December 2015
Technical analysis of S&P500 for December 22, 2015 Market Analysis Review
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of S&P500 for December 22, 2015 . Thanks for your support.
Gold: analysis for December 22 , 2015 Market Analysis Review
Overview:
Since our last analysis, gold has been trading sideways around the price of $1,078.00. In the daily time frame, I found a strong demand bar, which is a sign that selling looks risky. The trend is downward in the mid- and long terms. In the 4H-time frame, we can observe successful breakout of strong trendline and broken 200 SMA which gave us a sign that we may see further upside. The first resistance is seen at the level of $1,088.70. Key price action resistance is around the price of $1,100.00.
Daily Fibonacci pivot points:
Resistance levels
R1: 1,080.50
R2: 1,083.20
R3: 1,087.50
Support levels:
S1: 1,071.90
S2: 1,069.22
S3: 1,064.90
Trading recommendations: Watch for potential buying opportunites, selling looks risky.
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EUR/NZD : analysis for December 22, 2015 Market Analysis Review
Overview:
Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.5965 in an average volume. In the daily time frame, I found a supply bar. In the H4 time frame, I found a strong head-and-shoulders formation confirmed (a broken neckline). Price also broke again our 200 SMA. Be careful when buying EUR/NZD at this stage since lower prices are expected. I have placed Fibonacci expansion to find potential support levels. I got Fibonacci expansion 61.8% at the level of 1.6070 (broken), Fibonacci expansion 100% is at the level of 1.5840 and Fibonacci expansion 161.8% is seen at the level of 1.5470.
Fibonacci Pivot Points:
Resistance levels:
R1: 1.6165
R2: 1.6190
R3: 1.6230
Support levels:
S1: 1.6085
S2: 1.6060
S3: 1.6020
Trading recommendations : Buying EUR/NZD looks very risky at this stage since the price confirmed a head-and-shoulders formation. Watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD : analysis for December 22, 2015 . Thanks for your support.
Global macro overview for 22/12/2015 Market Analysis Review
Global macro overview for 22/12/2015:
The bunch of important data from the US will be released today at 01:30pm GMT with the most important GDP figures for third quarter. The GDP is expected to decrease slightly to the level of 1.9% from 2.1% in the last quarter (2.0% vs. 2.2% on y/y basis). The GDP price index should remain on the same level of - 1.3%. After the recent rate hike from the US Fed, this will be the second important fundamental event this week as it will justify the recent Fed hike and reveal more data about the US economic conditions. If the GDP gets worse significantly, the further Fed hikes might be rather hard to justify.
The US Dollar Index has failed to break back above the golden channel upper line and now is trading just above the important support at the level of 98.33.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 22/12/2015 . Thanks for your support.
Global macro overview for 22/12/2015 Market Analysis Review
Global macro overview for 22/12/2015:
In yesterday's Monthly Reports released by Bundesbank, the European Central Bank member and Bundesbank President Jens Weidmann pointed out that a possible economic recovery in the eurozone might increase next year, but it still might not be enough to lower notably the unemployment. Moreover, he remainded that the eurozone countries should further consolidate their budgets given their high debt levels which is becoming high to manage. Nevertheless, the eurozone main challenge will be to ensure prosperity and security as the levels of real GDP in the beginning of 2016, that will barely return to growth rates of early 2008.
The EUR/USD pair is trading quietly in the middle of the range after a failure to break out above the technical resistance at the level of 1.0923.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 22/12/2015 . Thanks for your support.
Technical analysis of USD/CAD for December 22, 2015 Market Analysis Review
General overview for 22/12/2015 09:10 CET
The market did not confirm the top at the level of 1.4000 yet and any breakout below the level of 1.3847 will be a top conformation. Further development in corrective wave 4 black is anticipated with a potential target at the level of 1.3677.
Support/Resistance:
1.4100 - WR1
1.4000 - Intraday Resistance
1.3888 - Weekly Pivot
1.3847 - Intraday Support
1.3776 - WS1
Trading recommendations:
Day traders should consider placing sell orders from current market levels with SL above the level of 1.4000 and TP at the level of 1.3847.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for December 22, 2015 . Thanks for your support.
Technical analysis of EUR/JPY for December 22, 2015 Market Analysis Review
General overview for 22/12/2015 09:00 CET
The recent upswing looks quite corrective and the whole structure can evolve into a more complex corrective cycle. Any kind of a breakout higher above the level of 132.45 might lead to more gains in this pair as the wave XX brown might develop. Please notice the invalidation line or the whole structure is seen at the level of 129.65.
Support/Resistance:
134.82 - WR2
134.57 - Swing High
133.11 - WR1
132.45 - Intraday Resistance
132.06 - Weekly Pivot
131.04 - Intraday Support
130.68 - WS1
129.65 - Invalidation Level
Trading recommendations:
Day traders should consider placing sell orders from current market levels with SL above the level of 132.45 and TP at the level of 131.20.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for December 22, 2015 . Thanks for your support.
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