Analytics News and Market Forecast

W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 46.22 support level and 54.00 resistance level: If the price will break 46.22 support level so the primary bearish condition will be continuing up to 42.18 as the next real bearish target.If the price will…

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W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition for with secondary ranging within the following key reversal support/resistance levels:
1339.93 resistance level located near 200 SMA on the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish reversal of the price movement will be started; and
936.98 support level located below 100 SMA/200 SMA in the bearish area of the chart; if the price breaks this level from above to below so the bearish trend will be continuing with a good breakdown possibility up to the new 'bottom' (new support level) to be formed.
By the way, the price is breaking 1077.19 support level for the 936.98 as the nearest bearish target.
If the price will break 1077.19 support level so the primary bearish condition will be continuing with the secondary ranging up to 936.98 as the next real bearish target.


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Skandinaviska Enskilda Banken made a technical forecast for USD/JPY for telling the following: 'below 122.65/45 would target 121.60'. It means that SEB is predicting the price to be bounced from Fibo resistance level at 123.63 with 23.6% Fibo target at 121.86.
Anyway, there are the following scenarios for the price movement concerning the key support/resistance levels:
If Fibo resistance level at 123.63 will be broken by the price from below to above so the bullish trend will be continuing up to 125.85 as the next bullish target in this case.
If 118.05 key support level will be broken by the price from above to below so the secondary correction within the primary bullish trend will be started.
If Fibo support level at 116.13 will be broken from above to below so the reversal breakdown may be started for this pair.


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W1 price is isbelow 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition: the price broke 14.71 support level for 14.26 target which is going to be broken for now. Symmetric triangle pattern was formed by the price and it was the broken to below for the bearish breakdown to be continuing. There are the following key reversal resistance levels for the pair:
17.75 resistance level located near 100 SMA on the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish reversal of the price movement will be started; and
13.96 support level located below 100 SMA/200 SMA in the bearish area of the chart; if the price breaks this level from above to below so the bearish trend will be continuing with a good breakdown possibility up to the new 'bottom' (new support level) to be formed.


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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 123.26 from below to above for the bullish breakout with 125.85 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 is crossing Kijun-sen line of Ichimoku indicator to above which is indicating the primary bullish condition to be continuing.
Chinkou Span line is located to be above the price for the breakout to be continuing by direction.


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Weekly price is on primary bullish market condition for the ranging within 1.3456 resistance level and 1.2830 support level:
The price is located to be far above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bullish condition.
100 SMA is above 200 SMA for the bullish trend to be continuing.
Symmetric pattern was broken by the price to above with 1.3456 as the nearest bullish target.
The nearest support levels for the pair are 1.2830 and 1.1919.


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Weekly price is on ranging market condition located inside Ichimoku cloud between the following key reversal support/resistance levels:
12425.0 resistance level located far above Ichimoku cloud in the bullish area of the chart; if the price breaks this level so we may see good bullish breakout; and
9298.0 support level located far below Ichimoku cloud in the bearish area of the chart; if the price breaks this level so the bearish breakdown may be started.
There are intermediate support/resistance levels which the price should cross on the way to the reversal levels:
11054.0 resistance level located on the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish reversal will be started with the secondary ranging condition; and


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Weekly price is on primary bearish market condition with the ranging within 0.7381 resistance level and 0.6907 support level:
The price is located to be far below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish condition.
100 SMA is below 200 SMA for the bearish trend to be continuing.
Symmetric pattern was broken by the price to below with 0.6934 as the nearest bearish target.
The nearest support levels for the pair are 0.6934 and 0.6907.


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W1 price is above 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bullish market condition with the secondary ranging within the following key support/resistance levels:
2134.42 key resistance level located far above 100 SMA/200 SMA in the primary bullish area of the chart, and
1863.12 key support level located between 100 SMA and 200 SMA in the ranging bearish area of the chart.
The bearish reversal level for the price is 1953.32, it means the following: if the price will break this level from above to below so we may see the reversal to be started from the primary bullish to the primary bearish condition with the secondary ranging. Ascending triangle pattern was formed by the price for the bullish trend to be continuing.
If the price will break 1953.32 support level so the bearish reversal will be started.


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Weekly price is on bullish market condition located to be above Ichimoku cloud for the secondary ranging between the following key reversal support/resistance levels:
2134.42 resistance level located far above Ichimoku cloud in the bullish area of the chart; if the price breaks this level so we may see good bullish breakout; and
1863.12 support level located far below Ichimoku cloud in the bearish area of the chart; if the price breaks this level so the bearish breakdown may be started.
There are intermediate support/resistance levels which the price should cross on the way to the reversal levels:
2116.27 resistance level located near and above the border between the primary bearish and the primary bullish on the chart; if the price breaks this level from below to above so the bullish trend will be continuing the secondary ranging condition; and


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