Analytics News and Market Forecast

W1 price is located to be between R2 Pivot at 1.2566 and R3 Pivot at 1.3352 with Central Pivot at 1.1392:
the price is on bullish for ranging between R2 Pivot at 1.2566 and R3 Pivot at 1.3352;
price is on overbought condition ranging between 1.2834/1.3102 for possible correction in the near future;
if weekly price will break R3 Pivot at 1.3352 so the primary bullish market condition will be continuing up to the new top, otherwise the price will be ranging within the levels.
Instrument
S1 Pivot
Yearly PP
R1 Pivot
R2 Pivot
R3 Pivot
USD/CAD
1.0999
1.1392
1.2175
1.2566
1.3352
Trend:


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Market prices for diamonds are in a five-year decline and it makes producers jittery.


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W1 price is on bullish ranging between 2134.42 resistance and 2042.11 support levels: If the price will break 2042.11 support level so we may see the secondary correction within the primary bullish market condition.If the price will break 2134.42 resistance level so the primary bullish will be continuing.If not so the price will be ranging…

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2015-07-31 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Employment Cost Index]
past data is 0.7%
forecast data is 0.6%
actual data is 0.2% according to the latest press release
if actual > forecast (or previous data) = good for currency (for USD in our case)


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Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders.
News of the week: Negotiations in Greece trigger turmoils in Athens; IMF wary of next Greek bailout


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D1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between 50.0% Fibo support level at 0.9422 and resistance level at 0.9918:
daily price is trying to cross Fibo resistance level at 0.9694 on close daily bar for the bullish trend to be continuing;
the price is ranging between 50.0% Fibo support level at 0.9422 and resistance level at 0.9918;
"US Dollar resumed its move higher against the Swiss Franc, issuing the strongest daily close in three months. Near-term resistance is at 0.9712, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 0.9770."
If the price will break 50.0% Fibo support level at 0.9422 together with 100-SMA and 200-SMA so we may see the reversal of the price movement to the primary bearish market condition.


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H4 price is breaking Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) from below to above for trying to cross 1.3043 resistance level for bullish reversal.
Chinkou Span line is breaking the price from below to above for good breakout of the price movement in the near future.
The price is crossing Ichimoku cloud/kumo and Sinkou Span A line together with 1.3043 resistance level for reversal to the bullish area of the chart.
The nearest support levels for H4 price are 1.2942 and 1.2859.
The nearest resistance levels for H4 price are 1.3043 and 1.3102.


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W1 price is trending between S1 Pivot at 1.1337 and S2 Pivot at 1.0672 with Central Pivot at 1.2665:
The price is on bearish ranging between pivot levels at 1.1337 and 1.0672;
The price is breaking descending triangle pattern with 1.0807 support level for the bearish to be continuing;
If weekly price will break S1 Pivot at 1.1337 so we may see the local uptrend as the secondary market rally within the primary bearish market condition;
If weekly price will break S2 Pivot at 1.0672 from above to below so the primary bearish will be continuing up to 1.0461 as the next target in this case.


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EUR/USD: ranging on the border of reversal points. This pair is ranging between key levels on the border between the primary bearish and the primary bullish, and those key levels are the following: 1.0807 and 1.0461 as the support levels, and 1.1128 and 1.1436 as the resistance levels. Next week will be the main one…

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The buy or sell stop, or entry level, is typically set at a significant support or resistance level so that it will only be filled when price has broken definitively in the desired direction; by setting strategic entry levels in their orders, traders can ensure that they enter trades with the momentum of the market.…

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