Analytics News and Market Forecast

Weekly price is on ranging market condition waiting for direction: the price is located inside Ichimoku cloud between 'reversal' Sinkou Span lines which are the borders between the primary bullish and the primary bearish on the chart. The price is located within the following key reversal support/resistance levels:
11802 resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
9883 support level located below Ichimoku cloud in the primary bearish area of the chart.
Symmetric triangle pattern was formed by the price to be crossed for direction.
If the price will break 9883 support level so the bearish trend will be started up to 9298 level as the nearest bearish target in this case.


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USD/CAD: ranging breakdown. The pair is on breakdown crossed Sinkou Span line which is border between the primary bullish and the primary bearish on the chart. Price is located inside Ichimoku cloud in the ranging area within the following key support/resistance levels:
1.3370 resistance located far above Ichimoku cloud in the bullish area of the chart, and
1.3223 support level located below Sinkou Span line in the ranging bearish area.
Absolute Strength indicator's data is estimating the bearish trend to be contining. Chinkou Span line crossed the price from above to below for the bearish breakdown.
if the price breaks 1.3370 resistance so the bullish trend will be continuing;


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Weekly price is on bearish market condition located below Ichimoku cloud. The price is breaking 43.91 support level from above to below for the bearish condition to be continuing with 42.18 as the next bearish target. Chinkou Span line is located below the price and indicating the bearish breakdown by the direction, and Absolute Strength indicator is estimating the bearish trend with the secondary ranging.
Resistance
Support
54.00
43.91


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Weekly price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish market condition: SUMMARY : bearish

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W1 price is continuing with bullish breakout for trying to break 14.4256 resistance level from below to above for the breakout to be continuing:
The price is breaking ascending triangle pattern from below to above for the bullish breakout.
Absolute Strength indicatior is estimating the secondary ranging within the primary bullish market condition.
The nearest resistance levels are 14.4256 and 15.0000.
The nearest support levels are 14.1547 and 13.0074.


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W1 price is located to be below yearly Central Pivot at 1.2665 and below S1 Pivot at 1.1337. The price is breaking S2 Pivot at 1.0672 on open weekly bar for the bearish trend to be continuing with S3 Pivot at 0.9344 as the real bearish target:
The price is on bearish breakdown for crossing S2 Pivot at 1.0672 from above to below.
If weekly price will break 1.0672 support level so the primary bearish market condition will be continuing up to S3 Pivot at 0.9344 as the real bearish target as the new 'bottom' in this situation, otherwise the price will be ranging within the levels.
Instrument
S3 Pivot
S2 Pivot
S1 Pivot
Yearly PP
R1 Pivot
EUR/USD
0.9344
1.0672
1.1337
1.2665
1.3329
Trend:
W1 - bearish breakdown


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W1 price is located within yearly Central Pivot at 17.41 and below S1 Pivot at 12.66 in the primary bearish area of the chart:
The price is breaking key support level at 13.96 from above to below for S1 Pivot at 12.66 as the next bearish target.
The price is breaking descending triangle pattern from above to below for the bearish trend to be continuing.
The key bullish reversal level for this pair is 19.39; if the price breaks this level to above so the price will be fully reversed to the bullish market condition in good breakout way.
The key bearish reversal level is 11.11; if the price breaks this level to below so we may see good bearish breakdown.


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W1 price is on bullish market condition for the secondary ranging within the following key support/resistance levels:
17.3403 resistance level located far above Ichimoku cloud in the bullish area of the chart, and
16.3235 support level located on the border between the primary bearish and the primary bullish trend.
Absolute Strength indicatior is estimating the secondary ranging within the primary bullish market condition.
The nearest resistance level is 17.3403.


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W1 price is on bullish market condition with the secondary correction: the price is located to be above Ichimoku cloud with the local downtrend as the correction within the primary bullish market condition. The key support level at 1.4985 was broken by the price for the correction to be continuing. Chinkou Span line is located…

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Daily price is on the primary bearish market condition located below Ichimoku cloud and 'reversal' Sinkou Span lines within the following key support/resistance levels:
1.0829 key resistance level, and
1.0461 key support level.
The price is trying to break 1.0616 support level from above to below for the bearish trend to be continuing.
D1 price - bearish breakdown:


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