Analytics News and Market Forecast

The price is on bearish market condition with the secondary ranging within the following key support/resistance levels:
0.6895 key resistance level located near Ichimoku cloud on the border between the primary bearish and the primary bullish on the chart, and
0.6102 key support level located far below Ichimoku cloud in the bearish area of the chart.
Intermediate support levels for this pairs are the following: 0.6287 and 0.6235.
W1 price is on ranging bearish market condition:


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AUD/USD: bearish breakdown. Morgan Stanley made a technical and fundamental forecast suggesting to sell AUD/USD especially related to stronger USD and Employment Change news event on Thursday. The price is on bearish market condition for the secondary ranging within 0.7381 resistance level and 0.6898 key support level. If the price breaks 0.6898 support from above…

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Deutsche Bank explained 3 fundamental reasons for short GBP/USD: short-end rates of UK vs. US rate hikes, absent rate support and UK’s current account deficit since 2011. It is stated that "this mechanically implies the cross below 1.50."
But there are 4 technical reasons to sell GBP/USD:
#1. The price is below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for all the timeframes started with H1 for example. Price is located in the bearish area of the chart and it is fully unlikely to see the bullish reversal in this and next year.
#2. Weekly price is below Ichimoku cloud. The prise broke Ichimoku cloud together with Sinkou Span line which is the border between the primary bearish and the primary bullish on the chart. The price is located to be below the cloud in the bearish area of the chart with 1.5026 as the nexrest support level.


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AUD/CHF: rally to reversal. This pair is on bearish market condition for the secondary market rally as the local uptrend within the bearish market condition. The price was stopped by 0.7164 resistance level and Ichimoku cloud for the rally to be continuing up to the bullish reversal. There are having 3 simple scenarios for the price movement for the week:
Bullish breakout in case the price breaks 0.7164 resistance located near and below Ichimoku cloud; in this case - the price will be started with the bullish reversal in the secondary ranging way.
Bearish breakdown in case the price will break 0.6536 support level located below Ichimoku cloud in the bearish area of the chart.
or the ranging will be continuing within the levels on the border with reversal.
Chinkou Span line is located near and below the price and directed us to the possible bullish reversal.


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The price is on bearish reversal: the price broke Ichimoku cloud and 'reversal' Sinkou Span line from above to below to be reversed from the primary bullish to the primary bearish area of the chart. W1 price is on breakdown with the bearish reversal:

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AUD/JPY: bearish breakdown. Citigroup made a technical and fundamental forecast suggesting to sell AUD/JPY with 84.25 as a target and 86.91 as a stop loss. As we see from the chart below - the price is located below Ichimoku cloud in the bearish area of the chart for the ranging between 88.60 resistance level and 81.94 support level. There are intermediate support levels for this pair: 84.50 and 82.81.
If the price breaks 84.50 support from above to below so the bearish trend will be continuing up to 81.94 as the next bearish target.
If the price breaks 88.60 resistance from below to above so the local uptrend as the bear market rally will be started up to the reversal of the price movement to the primary bullish market condition.
Chinkou Span line is located below the price and directed us to the ranging bearish trend to be continuing.
There are the following news events which will be affected on AUD/JPY price movement for the week:


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EUR/JPY: bearish breakdown. The price is located below Ichimoku cloud in the bearish area of the chart for the ranging: price is breaking 131.44 support level for the bearish breakdown to be continuing:
If the price breaks 131.44 support from above to below on close weekly bar so the bearish breakdown will be continuing up to 126.08 as the next bearish target.
If the price breaks 126.08 key support from above to below so the bearish trend will be continuing up to new 'bottom' (new support level) to be forming.
If the price breaks 137.43 resistance from below to above so the reversal from the primary bearish to the primary bullish condition will be started.
Chinkou Span line is breaking the price from above to below for the bearish breakdown to be continuing.


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BNP Paribas updated their forecast related to the EUR/USD price movement in long-term situation - they told the following: "we are somewhat sceptical on the EURUSD’s ability to test and break the previous 2015 low of around 1.0460." Well ... let's evaluate this forecasting situation with technical point of view.

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Skandinaviska Enskilda Banken made a technical forecast for telling that EUR/USD will go as high as 1.08 before 1.0655 support level will be broken by the price from above to below. As we see from the chart below - the price is on bearish market condition for the ranging between the following key support/resistance levels:
Fibo support level at 1.0674 located far below 100 day SMA (100 SMA) and 200 day SMA (200 SMA) in the primary bearish area of the chart, and
50.0% Fibo resistance level at 1.1082 located near 100 SMA/200 SMA on the border between the primary bearish and the primary bullish on the chart.
Descending triangle pattern was formed by the price with 1.0707 support level to be broken for the bearish trend to be continuing up to 1.0674 as the nearest bearish target.


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The price is located to be above Ichimoku cloud and Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is breaking resistance level at 99.35 from below to above for the bullish breakout with 100.39 as the next bullish target.
W1 price is on primary bullish breakout:
The price is located to be above Ichimoku cloud/kumo and Sinkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) for the bullish market condition.
Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator to above which is indicating the primary bullish condition to be continuing.
Chinkou Span line crossed the price from below to above for the breakout to be continuing by direction.


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