Analytics News and Market Forecast

W1 price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging between 0.8162 key resistance level and 0.6907 key support level.
Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.
While further AUD strength is still likely in the coming days, the current rally is severely overbought and further sustained up-move is not expected, at least not for today. From here, allow for a move to 0.7340 but 0.7380 is expected to cap for a corrective pull-back to 0.7280
Longs may like to book some profit on approach to any approach to 0.7400.
Trend:


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Barclays made a fundamental forecast for EURUSD expecting big volatility for this pair and for USD/JPY as well:
"Last week saw a significant improvement in global risk sentiment, benefitting risky assets, despite soft data prints and cautious central bank rhetoric (Figures 1 and 2). However, the market is likely heading into an environment of lower growth, soft inflation and additional policy stimulus."
"Central bank rhetoric is starting to reflect this new reality. The September FOMC minutes showed that the decision not to hike was not a close call, though some FOMC participants had described it as such.. At the same time, the ECB highlighted downside risks to euro area growth and inflation while the BoE also erred on the side of caution."
"We look for the ECB to announce further easing before year-end and have frontloaded our call for additional BoJ easing at its 30 October meeting."
"Strategically, we like being long USD heading into those central bank meetings."


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W1 price is located to be below yearly Central Pivot at 0.8045 and below S2 Pivot at 0.6819: MT4

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W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish - the price is located to be above 200 SMA.
The price is above 200 SMA for the bullish market condition.
Symmetric triangle price pattern was formed by the price to be crossed for direction.
'Reversal' support level is 71.28 located below 100 SMA/200 SMA in the bearish area of the chart.
'Reversal' resistance level is 92.39 located above 100 SMA/200 SMA in the bullish area of the chart.


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W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish:
The price is above 200 SMA for the bullish market condition.
Symmetric triangle price pattern was formed by the price to be crossed for direction.
'Reversal' support level is 126.08 located near 200 SMA in the bearish area of the chart.
'Reversal' resistance level is 141.04 located near 100 SMA in the bullish area of the chart.


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Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA:
the price is trying to cross 54.27 resistance level on close W1 bar for the secondary market rally to be started;
symmetric triangle pattern was formed by the price to be broken for the direction;
nearest support levels are 46.22 (W1) and 42.18 (W1);
nearest resistance levels are 54.27 (W1) and 69.57 (W1).


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W1 price is located to be above 200 SMA and above 100 SMA with the ranging market condition within the primary bullish:
The price is ranging within 195.86 key resistance level and 180.39 key support level.
Descending triangle price pattern was formed by the price to be crossed for the bearish correction to be started.
'Reversal' support level is 174.86 located below 100 SMA and above 200 SMA on the border between the primary bearish and the primary bullish area of the chart.
'Reversal' resistance level is 195.86 key resistance located far above 100 SMA/200 SMA in the bullish area of the chart.


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Ichimoku analysis.Weekly price is on bearish market condition for the ranging within 1077.19 key support level and 1170.06 key resistance level. Chinkou Span line is located below the price for the ranging bearish condition by direction. If the price breaks 1170.06 key resistance level from below to above on close weekly bar so the bullish…

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M5 price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for ranging between the following key levels: RSI indicator and 100-SMA indicator are estimating the secondary correction to be started with the possible reversal of the price movement to the primary bearish market condition.

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W1 price is located to be above 200 SMA and above 100 SMA with the ranging market condition within the primary bullish:
The price is on ranging between 125.85 resistance and 116,13 support levels.
Symmetric triangle price pattern was formed by the price to be crossed direction.
'Reversal' support level is 102.52 located below 100 SMA and near 200 SMA on the border between the primary bearish and the primary bullish area of the chart.
'Reversal' resistance level is 125.85 key resistance located far above 100 SMA/200 SMA in the bullish area of the chart.


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