Analytics News and Market Forecast

H4 price is on bullish market condition for the ranging within the following reversal levels:

1. 1.4022 resistance level located above far Ichimoku cloud in the primary bullish area of the chart, and
2. 1.3836 support level located near the border between the primary ranging bearish and the primary bullish trend.

Absolute Strength indicator is estimating the ranging condition to be continuing.

• The price is ranging within the following intermediate levels on the way to the key reversal ones: 1.3954 resistance and 1.3905 support levels.
• Ichimoku cloud/kumo and Senkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located near and below the price which makes the bearish reversal to be possible in the near future.
• Tenkan-sen line of Ichimoku indicator is above Kijun-sen line which is indicating the primary bullish market condition.
• Chinkou Span line is above the price for the secondary ranging by direction.
• Nearest support levels are 1.3905 and 1.3836.
• Nearest resistance levels are 1.3954 and 1.4022.

If the price will break 1.3836 support level on close H4 bar so the reversal to the primary bearish condition will be started with the secondary ranging: the price will be located inside Ichimoku cloud.
If the price will break 1.4022 resistance level so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close price to break 1.4022 for possible buy trade
• Recommendation to go short: watch close price to break 1.3836 support level for possible sell trade
• Trading Summary: ranging

Resistance	Support
1.3954	1.3905
1.4022	1.3836

SUMMARY : ranging
TREND : bullish

EUR/USD:
"2016 year-end forecasts have changed slightly, while end-2017 forecasts are largely unchanged. EUR/USD is now forecast at 0.95 at the end of 2016, up from our original 0.90 forecast."



USD/JPY:
"The yen will outperform almost all other currencies barring the USD in 2016, with a USD/JPY peak just shy of Y130."



GBP/USD:
"In 2016/7, Cable is expected to test and likely break the 1.35 – 1.40 bottom end of the range that has prevailed for 30 years."

This is a short-term/medium-term/long-term forecast for EUR/USD based on Fibo and price action analysis.

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The price is on bearish market condition located below Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was on bearish breakdown since October this year by Ichimoku cloud with key support levels to be broken to below. Price was bounced from 1046.27 support level to be started the secondary ranging in the beginning of Dec this year within intermediate s/r levels located on the primary bearish area of the daily chart.

D1 price is on ranging bearish market condition:

• The price is located to be below Ichimoku cloud/kumo and Senkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) for the bearish market condition.
• Tenkan-sen line is below Kijun-sen line of Ichimoku indicating the primary bearish condition to be continuing with the secondary ranging.
• Chinkou Span line is crossing the price from below to above for possible ranging breakout in the near future.
• Nearest support levels are 1052.68 and key support level at 1046.27.
• Nearest resistance levels are 1081.66 and key reversal resistance level at 1129.27.

If daily price will break 1046.27 support level so the primary bearish trend will be continuing.
If daily price will break 1081.66 resistance level so the reversal to the primary bullish condition will be started with the secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).
If daily price will break 1129.27 resistance level so the price will be fully reversed to the bullish market condition with good breakout possibility.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close W1 price to break 1129.27 for possible buy trade
• Recommendation to go short: watch W1 price to break 1046.27 support level for possible sell trade
• Trading Summary: ranging bearish

Resistance	Support
1081.66	1052.68
1129.27	1046.27

SUMMARY : bearish
TREND : waiting to break the levels

Ichimoku analysis.

Daily price is on bullish market condition for the breakdown which was started in the beginning of Dec this year: the price is breaking 98.00 support level to below for the bearish reversal to be started with the secondary ranging condition. Chinkou Span line is breaking the price from above to below for the breakdown to be continuing.

If the price will break 98.00 support on close daily bar so the reversal of the price movement from the primary bulluish to the primary bearish will be started with the secondary ranging: the price will be located inside Ichimoku cloud.
If not so the price will be ranging between the levels.


Pivot Points.

Weekly price is on bullish with the ranging within R2 Pivot at 99.31 and R1 Pivot at 95.23. Ascending triangle pattern was formed by the price to be broken for uptrend with 100.31 resistance level.

Instrument	S1 Pivot	Yearly PP	R1 Pivot	R2 Pivot
DXY	82.99	87.07	95.23	99.31

If the price will break R2 Pivot resistance level at

99.31

on close W1 bar so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

Trend:
ranging bullish

M5 price is located near and above SMA with the period 200 (200-SMA) on the bullish market condition for the ranging on bearish reversal area waiting for the direction for the possible breakout or breakdown. The key reversal support/resistance levels for this pair are the following:

• 1.0992 resistance located far above 100-SMA/200-SMA in the primary bullish area of intra-day chart, and
• 1.0955 support level located far below 100-SMA/200-SMA in the primary bearish area.

RSI indicator is estimating the ranging trend to be continuing.

• If the price will break 1.0992 resistance level so the bullish trend will be continuing without secondary ranging.
• If price will break 1.0955 support so we may see the reversal of the price movement from the primary the bullish to the primary bearish market condition with the good possibility to the breakdown.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0984	1.0959
1.0992	1.0955

• Recommendation to go short: watch the price to break 1.0955 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.0992 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

W1 price is located to be above yearly Central Pivot at 114.36 and below R1 Pivot at 127.96:

• The price is on bullish ranging between pivot level at 114.36 and R1 level at 127.96;
• The price is breaking descending triangle pattern with 120.24 support to below for the local downtrend as the secondary correction to be started;
• If weekly price will break R1 Pivot at 127.96 so the primary bullish market condition will be continuing up to R2 Pivot value as the new top in this situation, otherwise the price will be ranging within yearly Central Pivot and yearly R1.

Instrument	S1 Pivot	Yearly PP	R1 Pivot
USD/JPY	106.88	114.36	127.96

Daily price is on bullish market condition to be moved along Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart:

• Chinkou Span line is located near and below the price indicating the possible breakout in the future,
• Symmetric triangle pattern was crossed by the price to above for the bullish trend to be continuing,

Nearest reversal s/r levels for the daily price are the following:

• 11429 resistance located far above Ichimoku cloud in the primary bullish area of the chart, and
• 10116 support level located near and below Ichimoku cloud in the beginning of the bearish area.

Resistance	Support
11429	10220
N/A	10116

If price will break 11429 resistance level so the primary bullish will be continuing
If the price will break 10116 support level so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close price to break 11429 for possible buy trade
• Recommendation to go short: watch the price to break 10116 support level for possible sell trade
• Trading Summary: bullish breakout

• "The US Dollar may be carving out a top after rising to the highest level since January 2011 against the Chinese Yuan in offshore trade. The appearance of a Shooting Star candlestick coupled with negative RSI divergence points to ebbing upside momentum and hints that prices may be laying the groundwork for a downswing."
• "A break below wedge support at 6.5369 confirmed on a daily closing basis sees the next major downside barrier at 6.4974, 38.2% Fibonacci retracement. Alternatively, a push above the 6.5737-5859 area marked by the December 18 high and the 23.6% Fib expansion, paves the way for a test of the 38.2% threshold at 6.6237."
• "A Shooting Star candlestick – even with support from negative RSI divergence – represents indecision rather than a firm directional signal. With that in mind, we will opt against taking a trade and wait for further confirmation reversal. In the meantime, we remain flat."

Daily price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) in the primary bullish market condition: the price is breaking key resistance level on the good bullish breakout.

• If the price will break 6.6097 resistance level so the bullish trend will be continuing.
• If price will break 6.5240 support so the local downtrend as the secondary correction will be started within the primary bullish condition.
• If not so the price will be ranging within the levels.

Resistance	Support
6.5923	6.5240
6.6097	6.4139

• Recommendation to go short: watch the price to break 6.5240 support level for possible sell trade
• Recommendation to go long: watch the price to break 6.6097 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : breakout

TREND : bullish

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H4 price is located between SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) in the primary bullish market condition with the secondary ranging: price is ranging above 200 SMA and near 100 SMA on the border between the ranging bullish and the primary bullish.

• If the price will break Fibo resistance level at 1.0992 to above so the bullish trend will be continuing without ranging.
• If price will break Fibo support level at 1.0826 to below so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0936	1.0850
1.0992	1.0826

• Recommendation to go short: watch the price to break 1.0826 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.0992 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : ranging within reversal levels