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Forecast for Q1'17 - levels for Brent Crude Oil
Sergey Golubev, 2016.12.27 08:24
Brent Crude Oil January-March 2017
Forecast: bullish ranging within 53/57 levels waiting for direction
Weekly (W1) price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within the following support/resistance levels:
Chinkou Span line
is located above the price indicating the ranging condition to be continuing in the near future for example.
Forecast for Q1'17 - levels for Bitcoin/USD
Sergey Golubev, 2016.12.27 09:03
Bitcoin vs USD January-March 2017
Forecast: key resistance level at 850.15 to be broken for the bullish trend to be continuing
Weekly (W1) price is located above Ichimoku cloud in
the bullish area of the chart. The price is on ranging within the
following support/resistance levels:
Sergey Golubev, 2016.12.28 06:09
USD/JPY Intra-Day Technical Analysis - ranging on reversal (based on the article)
H1 price is located near and above SMA with period 200 (200 SMA) for the bouncing from 200 SMA value back to the primary bearish area of the chart. Bearish development retracement pattern is forming by the price for the bearish reversal to be started with 23.6% Fibo level at 117.53 to be crossed to below with 117.36 level as the nearest target to re-enter.
"The Japanese Yen has halted its decline against the USD as 2016 comes to a close. However, since September 21, when the Bank of Japan announced the significance Yield Curve Control policy or YCC, USD/JPY has now risen by as much as ~19.35% and could continue higher into 2017 given a recent message from Japan’s Chief Cabinet Secretary Yoshihide Suga in a Nikkei News Interview. The interview from Shinzo Abe’s ‘right-hand’ turned focus on the FX market as one the most critical crisis managements for his post as Chief Cabinet Secretaryis the FX market. Specifically, his focus was on creating a stable financial and economic environment for Japanese corporations so they could borrow and grow within a stable environment."
Forecast for Q1'17 - levels for Dow Jones Industrial Average
Sergey Golubev, 2016.12.29 07:44
DJIA January-March 2017 Forecast: long-term bullish; resistance level at 19,987 is the key
W1 price is located above Ichimoku cloud in the bullish area of the chart: the price is on testing 19,987 resistance lkevel to above for the primary bullish market condition to be continuing. The price is located within the following support/resistance levels:
Forecast for Q1'17 - levels for AUD/USD
Sergey Golubev, 2016.12.29 14:59
AUD/USD January-March 2017 Forecast: ranging bearish with 0.7144 key support level
W1 price was on the reversal of the price movement from the ranging bullish to the primary bearish market condition: the price broke Ichimoku cloud to below together with key support levels and Senkou Span lines which are the virtual border between the primary bearish and the primary bullish trend on the chart. The price was bounced from 0.7144 support level to above for the ranging condition to be started within the following
Sergey Golubev, 2016.12.30 06:06
Crude Oil Price Forecast: Early 2017 Volatility (based on the article)
"Should price fail to break the $50/51 support zone, we’ll expect an eventual move to the 2015 high in early 2017. Ichimoku also favors a Bullish continuation move."
Sergey Golubev, 2016.12.31 10:06
U.S. Bank Stocks Have Bubble Trouble (based on the article)
"Banks are back. Of all the post-election stock stories, “Buy banks!” is the most popular."
JP Morgan Chase
"The largest U.S. bank's stock performance looks like that of a smaller growth company with positive news. The fast rise and the large distances from the 50-day (orange) and 200-day (blue) moving averages are typical "stretch" measures that can act as a drag on a further rise for the time being. Often, such a stock needs to establish a new foundation by backing and filling before it can resume an uptrend."
JP Morgan Chase: possible daily correction; weekly overbought
As we see from the chart below, the daily price is on bullish market condition located within the following narrow support/resistance levels:
Weekly price is located far above 200 period SMA in the primary bullish area of chart with 87.38 resistace level to be broken for the bullish trend to be continuing. But Stochastics indicator is estimating the overbought condition, and if the price breaks 77.28 support to below on weekly close bar so we may see the correction to be started for at least half a year in 2017 for example.
Forecast for Q1'17 - levels for USD/CAD
Sergey Golubev, 2016.12.31 14:21
USD/CAD January-March 2017 Forecast: ranging within Ichimoku cloud for direction
W1 price is located to be inside Ichimoku cloud for the ranging market condition within the following support/resistance levels:
Sergey Golubev, 2017.01.02 07:49
Key Levels To Watch In The U.S. Dollar (based on the article)
"The chart below shows the former trading range between 92 and 100 in the U.S. Dollar Index. The dollar's break to the upside creates a bullish signal as long as the Dollar Index stays above the 100 support level. A strong break below the 100 level would be necessary to negate the bullish signal. A pullback or re-test of the 100 support level is certainly possible and wouldn't negate the bullish signal provided the Dollar Index doesn't break below the support."
"The long-term U.S. Dollar Index chart shows the former trading range and recent breakout. As long as the Dollar Index holds above the key 100 support, there is very little resistance overhead all the way up to 120, which marked the highs in 2001 and 2002. Due to its history and psychological significance, the 120 level may act like a magnet for the U.S. Dollar Index over the next couple of years."
Sergey Golubev, 2017.01.02 07:59
Key Levels To Watch In Euro (based on the article)
"The euro, which trades inversely with the U.S. dollar, is also showing signs of a nascent breakdown from its two year-old trading range. 1.05 is the key support level to watch - if this level is broken convincingly, further downside may be ahead for the euro along with more upside for the U.S. dollar. If the euro breaks back above this level, the bearish signal would be negated."
"The longer-term euro chart shows the former trading range and breakdown in a larger context. If the euro stays below the 1.05 support level, it may try to gun for the long-term price target and support level at .8500 - the 2001 and 2002 lows. Any weakness in the euro would help to support the U.S. dollar."
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