Analytics News and Market Forecast

This trading week ended with some interesting result for EURUSD: seems - the ranging time was this pair is finished, and we can expect the bearish breakdown for the next week for example.
EURUSD
D1 price is on primary bearish with secondary ranging between 1.1113 resistance and 1.0847 support level.
H4 price is on bearish market condition for trying to break 1.0858 support level for the bearish trend to be continuing with 1.0807 as the next target in our bearish case:
Chinkou Span line is located below the price for bearish condition with secondary ranging by the direction.


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W1 price is located to be below yearly Central Pivot at 17.41 and above S1 Pivot at 12.66:
The price is on bearish ranging between yearly Central Pivot at 17.41 and S1 Pivot at 12.66;
The price is breaking descending triangle pattern with 14.35 support level from above to below for the bearish trend to be continuing;
If weekly price will break 14.35 support level on close weekly bar so the next real bearish target is S1 Pivot at 12.66.
Instrument


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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: September vs December rate hike. What is the consensus?


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XAU/USD: ranging below yearly Central Pivot. This pair is on bearish ranging below Central Pivot at 1237.48 for trying to break S1 Pivot at 1082.97 on close weekly bar for the bearish trend to be continuing.
The key target in our case is 1077.19 support level so if the price crosses it from above to below on close bar - the bearish trend will be continuing with good breakdown possibility up to S2 Pivot at 977.50 as the next level.
Key resistance level is Central Pivot at 1237.48 located on the border between the primary bearish and the primary bullish trend on the chart. And if the price will break it from below to above - we may see the reversal of the price movement to the bullish market condition.
The most likely scenario for the next week is the following: the price will break S1 Pivot at 1082.97 and key support level 1077.19.
So, once this 1077.19 level is broken so we can easy tell about the following: the price will be go below 1,000 in very easy way.


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W1 price is located below 200 period SMA (200-SMA) and below 100 period SMA (100-SMA) for the primary bullish with ranging between Fibo resistance level at 1.1466 and Fibo support level at 1.0807:
descending triangle pattern with 1.0807 support is going to be broken by the price from above to above for the bearish trend to be continuing;
the next bearish target is 1.0461 which can be reached by price in the case of 1.0807 support broken;
“the 1.0800 area remains a critical pivot zone as a close below there would confirm a resumption of the broader downtrend and set into motion a more important decline. However, the contraction in range over the past few months does make us wonder if the market is setting up a bear trap”;
“the potential inverse head and shoulders pattern on the daily (price action since July) doesn’t help things either, but only a move through 1.1130 would start to turn things more clearly positive for the euro”;


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This puts Evans in charge of leading and executing Alibaba Group's international growth strategy to globalize the company and grow the business. Besides, Evans will continue his service as a management member of the Alibaba Group Board having previously served as an independent director. His focus will be on forging close partnerships with key brands, retailers and product owners in Europe, the Americas and Asia.
Prior to Alibaba, Evans spent 30 years in global finance, including the last 20 years as a partner of Goldman Sachs where he was Vice Chairman, Head of Global Growth Markets and Chairman of Asia.


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W1 price is located above 200 period SMA (200-SMA) and above 100 period SMA (100-SMA) for the primary bullish with ranging between resistance level at 1.0239 and 23.6% Fibo support level at 0.9308:
ascending triangle pattern with 0.9718 support was broken by the price from below to above for the bullish trend to be continuing;
23.6% Fibo support level at 0.9308 is located near 100-SMA and 200-SMA which makes this level to be a reversal one between the primary bearish and the primary bullish on W1 chart;
the nearest resistance levels are Fibo resistance level at 0.9870 and resistance level at 1.0239;
“The US Dollar continues to grind upward against the Swiss Franc, with prices narrowly establishing a foothold above the 0.98 figure”;


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Weekly price is on bullish market condition for ranging between 4901.5 support level and 5231.9 resistance level. The price is breaking R1 YR1 Pivot at 5043 for the next target which will be R2 YR1 Pivot at 5359.
Chinkou Span line is located to be above the price and indicating the ranging bullish trend to be continuing.
'Reversal' Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located far below the price which makes bearish reversal to be impossible in the near future.
The nearest resistance level is 5231.9, and the next level is R2 YR1 Pivot at 5359.
Absolute Strength indicator is estimating the absolute ranging.


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W1 price is located below 200 period SMA (200-SMA) and above 100 period SMA (100-SMA) for the primary bearish with ranging between Fibo resistance level at 97.29 and Fibo support level at 89.15 located near 100-SMA on the border between the ranging and non-ranging area of the chart:
descending triangle pattern was formed with 89.15 support level;
the price is trying to break 23.6% Fibo level at 91.67 for the ranging condition to be continuing;
the price is on the border between the ranging and non-ranging zones: Fibo resistance level at 97.29 is located on bullish area, and Fibo support level at 89.15is located in bearish area of the chart, with the ranging zone between those levels for example.
RSI indicator is estimating the ranging bearish condition.


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Credit Suisse made a list of Africa’s top 50 personalities, and it includes the following names: “These 50 people personify modern Africa: entrepreneurs and artists, athletes, politicians and activists,” Credit Suisse said.

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