Analytics News and Market Forecast

W1 price is located below 200 period SMA and 100 period SMA for the primary bearish: the price is ranging between 1.0461 support level and Fibo resistance level at 1.1467:
The price is ranging between 1.0461 support level and Fibo resistance level at 1.1467;
The price is breaking Fibo level at 1.0820 for the bearish trend to be continuing;
If weekly price will break 1.0820 support level on close weekly bar so the primary bearish trend will be continuing with the next target as 1.0461, otherwise price will be ranging within familiar levels;


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US Dollar - "The FOMC decision is certainly the most direct update we will find for gauging monetary policy, but it may not provide the distinct resolution traders are looking for. At the very least there will be some sense of hesitation to adjust to updated views until Thursday’s 2Q GDP numbers are in the books. The US economy contracted in the opening quarter of the year and hawkish views have been built around expectations for a quick recovery - much like it did in 2014."
GBPUSD - "Whether or not it presses to fresh highs in the week ahead will likely depend on results from the highly-anticipated UK GDP report and a US Federal Reserve interest rate decision. Barring outright disastrous UK data, however, we remain constructive on the Sterling’s chances versus all majors except the US Dollar."


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Coinbase is the world’s largest Bitcoin wallet provider, and the CEO of Coinbase says that Bitcoin could replace the US dollar as the global reserve currency by 2030. Though this is another point to say whether the US will allow a rival currency to replace its dollar, the ramifications of Bitcoin emerging as a reserve currency will be many.
Brian Armstrong is the co-founder and CEO of Coinbase, and he told that Bitcoin could surpass the dollar as reserve currency within 10-15 years: Coinbase had a “rough plan” to make this happen.


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W1 price is located below 200 period SMA and 100 period SMA for the primary bearish market condition:
The price is on downtrend for trying to break Fibo support level at 0.6496 for the bearish trend to be continuing;
"The New Zealand Dollar is attempting a cautious recovery against its US namesake after putting in a bullish Morning Star candlestick pattern."
If weekly price will break 0.6496 support level so the primary bearish will be continuing, otherwise the price will be ranging within the familiar levels;
“Near-term resistance is at 0.6679, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 0.6791.”


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H4 price is on primary bullish market condition with secondary ranging between 1.1128 resistance and 1.1049 support levels which are located above Ichimoku cloud and far above Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart.
Chinkou Span line is above the price indicating the local downtrend by direction as the secondary correction to be started in the near future.
price is ranging between 1.1128 resistance and 1.1049 support levels;
next target in case of the secondary correction to be started is 1.0968.
Resistance


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Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA:

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XAU/USD: strong bearish. This pair is on bearish condition for all the timefarmes: triangle pattern was broken to below for H4, nearest target is 1077.19 for D1 and W1. Many banks are making the forecasts about 1000 and 900 targets but I see just two targets here: 1077.19 support level and 1000.00 psy factor. I think - the most likely scenario is the breakdown to 1077.19 in the near future. As to 1000 psy level so it depends on fundamental factors or, rather, the lack of it for example.
Resistance
Support
1105.00
1077.19


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W1 price is located above 200 period SMA (200-SMA) and below 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo resistance level at 141.05 and 50.0% Fibo support level at 133.29. The price is trying to cross 100-SMA from below to above for the primary bullish to be continuing. But on the same time - we see the descending triangle pattern with 50.0% Fibo support level at 133.29 which may be broken by price from above to below for the correction to be started.
the price is trying to cross 100-SMA from below to above for the primary bullish to be continuing;
the descending triangle pattern with 50.0% Fibo support level at 133.29 was formed and may be crossed by the price from above to below for the secondary to be started.
If the price will break 50.0% Fibo support level at 133.29 so we may see the secondary correctional trend to be started within the primary bullish condition.


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W1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between Fibo resistance level at 195.87 and 50.0% Fibo support level at 185.41. The value of 200-SMA is located far below the market price which makes impossible the reversal of the price movement to…

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M5 price is located near SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown. The key support/resistance levels for this pair are the levels for H1 timeframe: 1.1083 as the resistance and 1.1029 as support level.
If the price will break 1.1083 resistance level so we may see the bullish trend to be started on this timeframe.
if price will break 1.1029 support so the bearish trend will be continuing.
if not so the price will be ranging within the levels.
Resistance


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