Analytics News and Market Forecast

Weekly price is on bullish market condition located above 100-period SMA and above 200-period SMA:
the price is in consolidation to be ranging between 2042.11 support level and 2134.42 resistance level;
if the price will break 2134.42 resistance so the bullish trend will be continuing, otherwise we may see the bullish ranging between familiar levels in consolidation mode;
1919.68 is the reversal support level: if price crosses this level from above to below - it will be good correctional movement up to the possible reversal to the primary bearish condition in the future;
Nearest key support levels are 2042.11 (W1) and 1919.68 (W1);


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EUR:
This is the third week Citi is celebrating the EUR has been sold aggressively by Citi’s client base:
"Overall, this highlights that the Greek risk is not a predominant driver of positioning, but that rates and policy expectations are. With the ECB highlighting policy will remain unchanged deep into 2016, there may be a pause in the heavy EUR selling."
By the way, Citi is estimating some pausing in aggressive EUR bearish tendency for now.
GBP:


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Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA for ranging between 70 psy level and 45.17 support level. The price is trying to break 55.06 support level to be crossed for the bearish market condition to be continuing:
the price crossed 60.08 support level on close W1 bar and trying to cross 55.06 support for the bearish to be continuing;
triangle pattern was broken by price for good possible breakdown of the price movement;
next support levels to be broken are 50.00 psy level and 45.17;
Nearest support levels are 55.06 (W1) and 45.17 (W1);


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D1 price is on primary bullish condition with secondary ranging between 1.5674 resistance level with 1.5929 as a next uptrend target and 1.5450 support level with 1.5329 as a next target for downtrend. Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart is located just in the middle of the ranging channel so we can say about this condition as 'totally undirected ranging' which means the following: non-market related movement. Chinkou Span line crossed the price few times from above to below and from below to above which is estimating the ranging market condition as well.
The price is located between 1.5674 resistance level with 1.5929 as a next uptrend target and 1.5450 support level with 1.5329 as a next target for downtrend
Tenkan-sen line is below Kijun-sen line of Ichimoku indicator for possible reversal to the bearish condition for the price to be inside Ichimoku cloud in this case for example.


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Cloud & Dedicated Server provider NetDepot.com is having Headquarter in Houston, TX and datacenters located in Atlanta, Dallas & New York City area.
President of NetDepot.com Rodney D. Giles told that
"Bitcoin is a revolutionarily, vibrant and growing virtual currency which the company fully embraces. There was nothing that could stop the company from going for Bitcoin payments."
As Bitcoin is making great inroads to various segments as a lot of companies are trying to look for an easy and cost-effective payment solution. The latest move by NetDepot.com is aimed at cashing in on the potential available for Bitcoin - it will not just save cost but also provide convenience for the customers.


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NZD/JPY: bearish is more likely. The pair is on bearish with daily and weekly trend but if we look at intra-day situation so we see the reversal to the bullish.

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EUR/USD: ranging around key levels. This pair is ranging for few days trying to break some key levels for the trend to be continuing. But from what I see about it - this is just a ranging - means: trading inside the channel with very strong support/resistance levels. Anyway - the market is waiting for direction based on some fundamental news events (US rates for example) others than noise surrounding which as commodities, China, Greece.
Resistance
Support
1.1017
1.0868


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W1 price is on primary bearish market condition with secondary ranging between 1.5169 support and 1.5929 resistance for trying to break Sinkou Span A line which is the virtual border between the primary bullish and primary bearish on the chart. The price is breaking Sinkou Span A line to come to the bullish area of the chart but with secondary ranging: the price will be inside Ichimoku cloud in this case. If the price will break 1.5929 resistance level so we may see the full reversal of the price movement to the bullish condition, otherwise the price will be ranging between the familiar levels.
The price is crossing the first border of Ichimoku cloud - Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) to come to the ranging bullish area of the chart.
Tenkan-sen line is above Kijun-sen line of Ichimoku indicator which is indicating the reversal to the bullish condition in the near future.


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NetEase cloud music has reached seven major platforms incl iPhone, Android phones, browsers and pc software, and it has included 1,200 stars and five million songs. About 120 million music comments and 200 million sharing were generated.
Senior director of NetEase cloud music Wang Lei told the company plans to establish a music playground. NetEase cloud music announced the company will hold an annual music festival on August 11 with the popular stars from Korea and China, and NetEase cloud music will broadcast live on.


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