Analytics News and Market Forecast

Weekly price is located near Sinkou Span line of Ichimoku indicator on the border between the primary bearish and the primary bullish on the chart.
Chinkou Span line is located below the price and indicating the flat market condition by direction.
'Reversal' Sinkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located near the price.
Absolute Strength indicator is estimating the secondary flat.
Nearest resistance levels are 19150 and 20930.


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United Overseas Bank made a technical forecast concerning GBP/USD:
"A break above the recent highs near 1.5245/50 could lead to a move to 1.5275/80 but the major 1.5310 resistance is unlikely to come under threat for now."
"We continue to hold the view that the current rebound has room to extend to 1.5310 in the coming days. At this stage, it is too early to tell whether a sustained break above this level is likely."
As we see from the chart above, the price is moved to be below 200-SMA/100-SMA for the primary bearish ranging within 1.5088 support and 1.5658/1.5929 resistance levels. As stated by UOB bank - the price will extend to 1.53 to touch the trend line and the bearish trend will be continuing: UOB is not expecting for the price to break the trendline from below to above.


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Barclays Capital made some expectation and forecasting concerning upcoming*Federal Open Market Committee Minutes: Just to remind one trading rules for high impacted news event such as FOMC Minutes: more hawkish than expected = good for currency (for USD in our case).

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NZD/USD: bearish. The pair is on bearish market condition for the secondary bear market rally to be started in the beginning of Augist this year: the price is moved within 0.6707 key resistance level and 0.6102 key support level. Symmetric triangle pattern was formed by the price to be crossed for direction. Intermediate support levels for this pair on the way to the 0.6102 key support level are the following:
0.6465 support level, and
0.6235 support level.
The most likely scenario for this pair for the next few weeks are the following: the price will not break 0.6707 key resistance on close weekly bar from below to above - the price will be rebounded from this level for the bearish trend to be continuing with support levels as the targets.
There are the following news events which will be affected on NZD/USD price movement:


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AUD/JPY: bearish. The pair is on bearish market condition with the secondary ranging within the following key support/resistance levels:
87.50 key resistance level, and
81.94 key support level.
If the pair breaks 81.94 key support level from above to below so the bearish trend will be continuing with good breakdown possibility. If the price breaks 87.50 key resistance level from below to above so we may see the next resistance levels:
92.68 resistance level located on the border berween the primary bearish and the primary bullish on the chart, and


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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 market condition with secondary ranging between Fibo resistance level at 125.85 and Fibo support level at 116.13:
The price is floating within 50.0% Fibo resistance level at 120.97 and 23.6% Fibo support level at 118.41.
Symmetric triangle pattern was formed by the price to be crossed for direction.
If the price breaks 23.6% Fibo support level at 118.41 so the bearish market condition will be continuing with Fibo support level at 116.13 as the next bearish target, otherwise - ranging.
Trend:


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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 market condition with secondary ranging between 23.6% Fibo resistance level at 1.1498 and Fibo support level at 1.0807:
The price is floating near 50.0% Fibo level at 1.1260 for crossing from below to above and from above to below.
Symmetric triangle pattern was formed by the price to be crossed for direction.
"The Euro remains locked between the narrowing boundaries of a Triangle chart pattern as prices await a clear-cut directional spark. Prices lost momentum after hitting a seven-month high against the US Dollar in late August and have been unable to find lasting follow-through since."


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H4 price was on breakout which was started today in the morning: the price broke Ichimoku cloud together with key resistance levels, and it was stopped by 1.1378 resistance with 1.1459 as the next bullish target. The nearest support levels are 1.1237 and 1.1134 as the next one. Chinkou Span line of Ichimoku indicator is…

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Mike McGlone, head of research for ETF Securities, says in an interview with Kitco News that precious metals demonstrate strong performance in the generally weakened commodity sector, and silver is leading the pack.


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