Analytics News and Market Forecast

W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with the secondary ranging between 50.0% Fibo resistance level at 1.5522 and Fibo support level at 1.5089:
23.6% Fibo support level at 1.5599 was crossed by the price from below to above for the 50.0% Fibo resistance level at 1.5522 as a next target;
the pice is ranging between 50.0% Fibo resistance level at 1.5522 and Fibo support level at 1.5089;
RSI indicator is estimating the ranging condition to be continuing.
If the price will break Fibo support level at 1.5089 so the bearish market condition will be continuing.


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish ranging between 61.8% Fibo support level at 1.1152 and Fibo resistance level at 1.1713:
38.2% Fibo support level at 1.1368 is going to be crossed by the price from below to above for the 1.1713 as the next target;
the price is located between 61.8% Fibo support level at 1.1152 and Fibo resistance level at 1.1713;
RSI indicator is estimating the local uptrend as a bear market rally.
If the price will break 61.8% Fibo support level at 1.1152 so the bearish market condition will be continuing to be out of ranging zone.


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W1 price is located to be above 200 period SMA and above 100 period SMA for the primary bullish ranging between 23.6% Fibo support level at 118.41 and 61.8% Fibo resistance level at 122.11: If the price will break 23.6% Fibo support level at 118.41 so the secondary correction within the primary bearish condition will…

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Skandinaviska Enskilda Banken made a technical forecast for EUR/USD pair related to intra-day and day basis:

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W1 price is above 200 period SMA and above 100 period SMA for the primary bullish market condition. Price is ranging between the following key support/resistance levels:
92.62 key support level located above 100-SMA/200-SMA on the border between bullish ranging and the secondary correction, and
100.39 key resistance level located far above 100-SMA/200-SMA on the bullish area of the chart.
100-SMA is above 200-SMA estimating the bullish trend to be continuing by the direction.
If the price will break support level at 92.62 so the secondary correction will be started.


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M5 price is located to be above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) with the primary bullish for the secondary ranging - the price is moved within 1.2908 key resistance level and 1.2885 key support level.
if the price will break 1.2908 resistance level so the bullish trend will be continuing.
if price will break 1.2885 support so the secondary correction will be started with the good possibility to the bearish reversal.
if not so the price will be ranging within the levels.
Resistance


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. Price is ranging between the following key support/resistance levels:
13.96 key support level located far below 100-SMA/200-SMA in the primary bearish area of the chart, and
17.75 key resistance level located near 100-SMA on the border between the primary bearish and the primary bullish condition.
100-SMA is below 200-SMA estimating the bearish trend to be continuing by the direction.
If the price will break support level at 13.96 so the bearish market condition will be continuing.


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W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. The bear market rally was started in the middle of last month: the price broke 1170.06 key resistance level on open weekly bar for the rally to be continuing. If the price breaks 1232.40 as the…

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W1 price is above 200 period SMA and above 100 period SMA for the primary bullish market condition. Price is ranging between the following key support/resistance levels:
1863.12 key support level located between 100-SMA and 200-SMA ranging area of the price chart, and
2134.42 key resistance level located far above 100-SMA/200-SMA on the bullish area of the chart.
100-SMA is above 200-SMA estimating the bullish trend to be continuing by the direction.
If the price will break support level at 1863.12 so we may see the reversal of the price movement to be started to the primary bearish market condition.


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United Overseas Bank made a technical forecast for GBP/USD stated that bear market rally will be continuing up to 1.55 as a real target: As we see from the chart above - the GBP/USD pair is on bearish market condition for the ranging within 1.4565 key support level and 1.5658 key resistance level. If the…

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