Analytics News and Market Forecast

MN1 price is located above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish with ranging between 23.6% Fibo support level at 177.10 and Fibo resistance level at 195.87:
If the price will break 23.6% Fibo support level at 177.10 so we may see the reversal to the bearish market condition: the price will cross 200-SMA in this case from above to below.
If the price will break Fibo resistance level at 195.87 from below to above so the primary bullish trend will be continuing with good possible breakout of the price movement.
If not so the price will be ranging within the levels.
Trend:


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Societe Generale is making some consideration about future possible forecasts. For now - it is just a question: 'When And At What Level To Sell EUR/USD'. Next two weeks will be very important related to fundamental news events as the factors to strong USD, and Societe Generale (as the other int'l financial institutions) are fully…

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H4 price is on bullish market condition with the secondary correction to be started: the price was stopped by 1.5675 support level located near Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. If the price crosses this 1.5675 support level so the reversal to the bearish condition may be started with the secondary ranging and 1.5561 support as the next bearish target located below Ichimoku cloud in the primary bearish area of the chart. Key resistance level for intra-day trading is 1.5817, and this level is located on the bullish area of the chart.
Chinkou Span line is located above and near the price to be ready to break it from above to below for bearish breakdown.
Absolute Strength indicator is estimating the bearish condition by data.
The nearest key support levels are 1.5675 and 1.5561.
The key resistance level is 1.5817.


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W1 price is on bearish market condition with the local uptrend as the bear market rally which was started last week:
The price is breaking 0.7258 resistance level from below to above for the market rally to be continuing.
Chinkou Span line is crossing the price to above for the good breakout in the near future.
Sinkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located at 0.7482 as the next target after 0.7258 support level to be broken.
Absolute Strength indicator is estimating the breakout to be started.


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The latest MetaTrader 5 Android (build 1164) features analytical objects that can be applied both to chart and indicator windows.
24 analytical objects have been added to the already existing 30 indicators turning your smartphone and tablet into a powerful tool for in-depth technical analysis of the markets. Lines, channels, Elliott waves, Gann and Fibonacci tools, as well as geometric shapes are at your disposal.

Another MetaTrader 5 Android added innovation is the OTP (One-Time Password) system. The two-factor authentication provides an extra level of security for your accounts. Now, a verification code is required in addition to login and password when logging in to a desktop or tablet terminal. The code is generated on your smartphone by MetaTrader 5 Android application.
The generated code is tied to a particular device and changes every 30 seconds, so that no one can access your trading account.


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Barclays Capital made a conclusion that Fed rate hike will be March 2016. Barclays explained that FOMC can raise rates in December 2015 but FOMC may push rate hike in Mrach because of volatility of the market.
"Given the uncertainty around the current global outlook, the timing of the rate hike seems more uncertain than usual. Should this episode of financial market volatility prove transitory, the FOMC could raise rates in December. On the other hand, if the volatility proves durable or reveals greater than expected weakness in global activity, the FOMC may push the first rate hike beyond March."
"We see a delay past mid-2016 as a relatively low probability at this point given our views on US labor markets. The US has proven durable to shocks emanating from emerging markets in the past, and we believe the current bout of uncertainty to be less pronounced than the successive shocks from developed economies that rocked global markets in 2008, 2010, and 2010."


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The governor and two deputy governors made statements about Bitcoin during gatherings and gave their views. The Reserve Bank of India (RBI) deputy governor R Gandhi’s 25th August speech at the FIBAC 2015 banking conference in Mumbai focused on innovative developments:
"What is crypto currency? Crypto currency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."
"What is crowdfunding? Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. Crowdfunding is a form of alternative finance, which has emerged outside of the traditional financial system."


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W1 price is located below 200 period SMA (200-SMA) and below 100 period SMA (100-SMA) for the primary bearish with secondary ranging between Fibo resistance level at 1.1712 and Fibo suppoer level at 1.0807:

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Societe Generale is suggesting to make a short with stop loss aroud 1.14 for example: "Chart-watchers saw the 1.1370-1.1385 as support, with the next major resistance at 1.20 on long-term charts. Now that we’re back below there’s a real risk that we drift into the old range, which I may as well describe as 1.08-1.14," SocGen's Kit Juckes stated.
Let's describe the technical situation about EUR/USD concerning the levels.
EUR/USD: daily correction started. This pair is started with secondary correction within the range of 1.1713 resistance with 1.1016 as the bearish target located below Ichimoku cloud in the bearish area of the chart. Price crossed 1.1387 support from above to below for the bearish trend to be continuing. Chinkou Span line is located above the price and showing the correction by direction. There are two variations of the price movement for today:
bullish trend will be continuing by breaking 1.1713 resistance;


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Markets now believe Federal Reserve won't rise rates until 2016, and this is what experts are talking about:
Economists at Barclays - expectation of a Fed rate rise to the first half of next year: "Given the uncertainty around the current global outlook, the timing of the rate hike seems more uncertain than usual. Should this episode of financial market volatility prove transitory, the FOMC could raise rates in December. On the other hand, if the volatility proves durable or reveals greater than expected weakness in global activity, the FOMC may push the first rate hike beyond March."


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