Analytics News and Market Forecast

Morgan Stanley is considering the this is a good time to be with EUR forecasting bullish for the next few weeks: "We believe EUR is likely to outperform over the next few weeks. The risk-off environment is likely to drive repatriation flows, which should be EUR supportive. In addition, many risky holdings were funded in…

more...

Daily price was reversed to the bullish market condition by breaking Ichimoku cloud from below to above. The price broke 1.1409 resistance level on the way to 1.1466 bullish target. Chinkou Span line is indicating the breakout, and Tenkan-sen line is above Kijun-sen for the bullish trend to be continuing. If the price breaks 1.1466 resistance so the bullish trend will be continuing, if the price breaks 1.1213 so the secondary correction will be started.
D1 price - bullish breakout:
Tenkan-sen line is above Kijun-sen line for bullish market condition.
Absolute Strength indicator's data is for strong bullish condition to be continuing.
Chinkou Span line is indicating the bullish breakout by direction.


more...

Morgan Stanley sees the JPY as a bullish but it is may risky on related to the ranging market condition based on CNY depreciation:
"We believe JPY should be a relative outperformer going forward. In a risk-off environment, JPY should benefit from repatriation flows from its own domestic investors, as well as support as investors unwind their JPY funded risky positions. On top of this, domestic data in Japan continues to outperform, which should also offer support. The main risk to JPY in the near term, in our view, would be depreciation, following the moves seen in CNY over the past few weeks."


more...

Morgan Stanley is making the forecast for USD for the current week telling about bullish market condition:
"With the Fed minutes leaving the option of a September rate hike open, the USD will be extremely data sensitive. Weak global demand is likely to continue weighing on manufacturing figures. Slightly lower-than-expected July CPI figures support our economists’ view of a December rate hike. With the rate hike having negative second-round effects on EM, we remain bullish on the USD against EM and commodity currencies."


more...

NZD/JPY: bearish breakdown. The pair is on bearish breakdown for D1 timeframe, and for breakdown with reversal to the bearish - for W1 timerframe. The secondary correction is going on for monthly price right now with good possibility to the reversal to the bearish. The price broke 78.37 support level on open bars for now, and if this level will be broken by close bars so we will have 200-SMA value as the next bearish target which is located at 68.8
There is good expectation for the breakdown to be continuing on daily chart, and for bearish reversal to be started on weekly/monthly timeframe with good breakdown possibility of the price movement up to weekly bottom/supports to be formed by the price on the way to go down.
So, the next good monthly reversal target is 68.80, and this pair is going to get a monthly reversal case.
Resistance
Support
84.52
78.37
94.01


more...

Danske Bank is forecasting the ranging market condition for EUR/USD up to August 2016: the price will be ranging between 100 day SMA and 200 day SMA within 1.10/1.13 support/resistance channel:
Pair
Q3
September'15
Q4


more...

CAD/JPY: monthly breakdown. The price is on breakdown for all the timeframes by crossing key support levels from above to below. The only support level to be crossed for the breakdown to be continuing is 200 period SMA (200-SMA) value at 87.44 on monthly chart. There is weekly reversal going on: price is breaking 200-SMA…

more...

D1 price is on primary bearish market condition located below 200 day SMA (200-SMA) and below 100 day SMA (100-SMA):
the price is located near and below 100-SMA at 1170.11 resistance;
the price is located below 200-SMA at 1188.13 resistance; if the price crosses 200-SMA from below to above so we will see the reversal of the price movement from the primary bearish to the bullish market condition.
Few descending triangle patterns were formed by the price to be crossed to below for the bearish trend to be continuing.
If the price breaks 200-SMA at 1188.13 resistance level so the price will be reversed from the primary bearish to the primary bullish trend on daily chart.


more...

Daily price broke Ichimoku cloud from above to below together with key support levels: the price crossed 1963.97 support level from above to below for the breakdown to be continuing. The nearest strong key support levels are 1727.90 and 200-SMA value at 1671.73.
If price breaks 1671.73 support level so the bearish breakdown will be continuing and the price will be totally reversed to the primary bearish market condition, otherwise - ranging bearish.
Resistance
Support
2134.42


more...

W1 price crossed yearly Central Pivot at 17.41 from above to below in May this year: the price is on bearish market condition with 14.35 intermediate support level located between Yearly PP at 17.41 and S1 Pivot at 12.66.
If the price breaks Yearly PP at 17.41 from below to above so we will see the reversal of the price movement to the primary bullish market condition.
If the price will break S1 Pivot at 12.66 so the bearish market condition will be continuing.
If not so the price will be ranging between the levels.
Instrument


more...