Forex Analysis

Technical analysis of the Forex currency market on 12/15/2015

Hello.Today, quite a lot of interesting situations in the Forex market, and let's go more in detail on them.

Calendar anticipated events

12:30 UK.The consumer price index (CPI)
13:00 Eurozone.ZEW index of economic sentiment in Germany
16:30 UK.The base consumer price index
19:45 Canada.Speech of the Bank of Canada's runners


YuSDHFDaili 15122015

on USDCHF pair formed a small pin-bar on the level of 0.9800.The level is quite strong, and I think the correction will start up.From transactions will not comment, becausecourse prices are very low to the next level.


GVPUSDaili 15122015

on a pair GBPUSD rebounded from the trend line and formed absorption.We can try to continue to fall and try to pass 1.50000.You can try to see the breakdown of sales by 1.51500, but carefully and, if possible with small feet.


USDSADDaili 15122015

On USDCAD pair went to the area of ​​1.38000 and formed a Doji.It seems necessary to wait for the beginning correction after a long growth.I go down to the area 1,3600-1,3550.Sales do not see

, becausethey are against the trend.


NZDOSDaili 15122015

NZDUSD At the same absorption pattern at the level of 0.67000.It seems necessary to wait for the growth of 0.6900.I consider for this pair purchase.


USDZhPIDaili 15122015

On USDJPY formed a pin-bar at the level of 121,000.The level is good and I think worth the wait upward correction, I think the maximum we descend to 122,500.Purchases do not see, I hope that we will continue to fall and dolman trend.

Fundamental analysis


Australian Government announced that the budget deficit is expected to worsen by 2.3 billion. Australian dollars ($ 1.7 bln. USD) due to significantly reduce prices for iron ore, a key commodity for export.

Today the government released its semi-annual report on the budget.The report predicted AU $ 37,4 (USD $ 27,1) deficit for the fiscal year ending June 30, 2016.Earlier this year predicted AU $ 35,1 billion.

potential economic growth for the fiscal year were reduced from 2.75% to 2.5%.

Because Australia is based, by and large, the Chinese demand for commodities, which in recent years does not give a single signal for the restoration, the value of the Australian dollar against a basket of other major currencies will be significantly undermined in the long term.


It's almost inevitable increase in interest from the US Fed will bring dire consequences for currencies of countries such as Brazil, Russia or Turkey.

African countries are also affected, but to a lesser degree.The weakness of the national currency against the US dollar will lead to even more damage in the form of increased debt after the rate increase.In turn, this will lead to different degrees of trade and account imbalances, and political instability.

In South Africa, the government abruptly changed its finance minister last week.It reduced the current account deficit in Turkey.In each of these countries, the currency's value fell significantly this year.Hedge financial markets in the currencies of these countries - a dubious undertaking.