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 with the ranging between Fibo resistance level at 1.1713 and key support level at 1.0461:
intermediate support level at 1.0616 is going to be crossed to below by open weekly bar for the bearish trend to be continuing with Fibo support level at 1.0590 and key support level at 1.0461 as the next bearish targets with this case;
bullish reversal level is Fibo resistance level at 1.1713; if the price breaks this level from below to above so the reversal of the price movement from the primary bearish to the primary bullish condition may be started;
RSI indicator is estimating the downtrend to be continuing.
If the price will break key support level at 1.0461 to below so the bearish market condition will be continuing.


more...

This is quick forecast of EUR/USD price at year-end using simple technical analysis tools:
support and resistance lines, and
Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5)
As we see from the charts below (W1 timeframe and MN1 timeframe for EUR/USD) - 1.0461 is the key support level for the price for the year-end. If the price breaks this level from above to below so the bearish trend will be continuing up to 1.0400 psy support level.
The price is on primary bearish market condition for now, and 'reversal area' with 100 SMA/200 SMA values are far above from the market price which make the bullish reversal to be very unlikely in this year and the first half of the next year for example - key resistance bullish reversal levels for the price are the following:


more...

USD/TRY: daily breakout with bullish reversal; weekly ranging bullish. Weekly price is located to be above Ichimoku cloud in the primary bullish area of the chart. 'Reversal' Sinkou Span line (as the border between the primary bullish and the primary bearish on the chart) is located far below the price which makes the bearish reversal to be unlikely in the coming weeks. The price is ranging within the following key support/resistance levels:
3.0679 resistance level, and
2.7578 support level located.
Daily price. This is the most interesting situation we may have on daily chart for this pair:
Chinkou Span line is ready to break the price from below to above for good possible breakout in the near future.


more...

Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders.
News of the week: Markets impose great expectations on Draghi:


more...

Skandinaviska Enskilda Banken (SEB) made a forecast related to EUR/USD with the stated that the pairs will be in more ups and downs: the price will break 1.05 and 1.04 support level before go up to 1.0830. It means the following: the price will be in ranging market condition with the following steps:
price will continuing in the primary bearish condition for breaking 1.05/1.04 levels' area, and after that
the price will start local uptrend as the bear market rally within the primary bearish condition with 1.0830 as the target.
As we see from the chart above - the price is on bearish market condition for the breaking 1.0616 support level from above to below for the bearish trend to be contining with 1.0461 level as the next bearish target. Thus, SEB nmade a forecast that the price may touch this 1.0461 level from above and bounce from it to 1.0818 resistance area on the 'downs and ups' way.


more...

The price is breaking descending/bear triangle pattern from above to below for 1.4983 as the next bearish target which will be broken by the price to below on the way of good bearish breakdown, as stated by Skandinaviska Enskilda Banken (SEB).

more...

The price is on bullish market condition for the secondary ranging within the following key reversal support/resistance levels:
195.86 resistance level located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bullish area of the chart, and
174.86 support level located between 100 SMA and 200 SMA on the border between the primary bearish and the primary bullish area.
RSI indicator is estimating the secondary correction with the bearish reversal.
If the price will break 195.86 resistance level so the bullish trend will be continuing.


more...

UOB Group estimated 3 main scenarios for European Central Bank meeting this week and made some forecast related to the EUR/USD price movement:
The 'Mild' Easing Approach. QE Program: additional increase >10bn, 3-9 months.
The price will not break key support level at 1.04 by the end of the year - we may see the ranging within 1.05/1.09.
The 'Moderate' Easing Approach. QE Program: additional increase 10bn, 12 months.
The price will break 1.0461 support level from above to below but 1.0000 is not expected to be broken in the near future.


more...

The price is on bearish breakdown crossed 1.0616 support level of descending triangle pattern for the bearish trend to be continuing with 1.0461 level as the nearest real bearish target.
W1 price is on primary bearish market condition:
The price is located to be below 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 bearish market condition.
Descending triangle pattern is broken to below for the good breakdown.
Tenkan-sen line is below Kijun-sen line of Ichimoku indicator which is indicating the primary bearish condition to be continuing.


more...

The price is on bearish market condition for the secondary ranging within the following key reversal support/resistance levels:
54.00 resistance level, and
42.18 support level.
RSI indicator is estimating the secondary ranging within the bearish market condition.
If the price will break 54.00 resistance level so the local uptrend as the secondary bear market rally will be started.


more...