Analytics News and Market Forecast

GBP/AUD: bearish ranging near bullish reversal waiting for breakout. Daily price for this pair is located near and below Ichimoku cloud and Senkou Span line which is the border of the cloud and the virtual border between the primary bearish and the primary bullish trend on the daily chart. Symmetric triangle pattern was formed by the price to be crossed for direction, and Chinkou Span line is in the crossing the price to above for the good possible breakout with the bullish reversal. There are 3 simple scenarios for the price movement for the week:

• breakout with the bullish reversal in case the price breaks 2.0976 resistance,
• bearish trend to be continuing in case the price breaks 2.0169,
• or the ranging will be continuing within the levels.

There are the following news events which will be affected on GBP/AUD price movement for the week:

• 2016-01-18 00:30 GMT | [AUD - New Motor Vehicle Sales]
• 2016-01-19 02:00 GMT | [CNY - GDP]
• 2016-01-19 09:30 GMT | [GBP - CPI]
• 2016-01-20 09:30 GMT | [GBP - Jobless Claims]
• 2016-01-20 13:30 GMT | [USD - Core CPI]
• 2016-01-22 09:30 GMT | [GBP - Retail Sales]

Resistance	Support
2.0976	2.0390
2.1213	2.0169

Weekly price is on bearish breakdown: the price is breaking Ichimoku cloud together with Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart. Price is breaking 4264.81 support level to below together with descending triangle pattern for the bearish breakdown to be continuing. Chinkou Span line crossed the price to below for the breakdown, and Absolute Strength indicator is estimating the primary bearish market condition in the future to be continuing.

Resistance	Support
4739.75	4264.81
N/A	3787.23

If W1 price will break 4264.81 support level on close bar so the bearish breakdown will be continuing with the price to be reversed to the primary bearish market condition.
If W1 price will break 3787.23 support level to below so the price will be on the primary bearish market condition during the next several months.
If W1 price will break 4739.75 resistance to above so we may see the bullish condition to be started within the secondary ranging.
If not so the price will be ranging between the levels.

Trend:
W1 - breakdown with the bearish reversal

Weekly price was on ranging market condition to be located above Ichimoku cloud in the bullish area of the chart. The price was started with the secondary breakout within the primary bullish trend in the beginning of January this year by breaking 3.0279 resistance level.

Price is breaking 3.0745 resistance for the bullish breakout to be continuing, and Absolute Strength indicator is estimating the bullish trend in a medium-term and a long-term situation for this pair.


If the price will break 2.8154 support level so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started with the secondary ranging: the price will be located inside Ichimoku cloud in thius case.
If the price will break 2.5604 support level so the price will be fully reversed to the bearish condition without ranging.
If the price will break 3.0745 resistance level from below to above so the primary bullish trend will be continuing.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close W1 price to break 3.0745 for possible buy trade
• Recommendation to go short: watch W1 price to break 2.8154 support level for possible sell trade
• Trading Summary: bullish

Resistance	Support
3.0745	2.8154
N/A	2.5604

Trend:

W1 - bullish breakout

NZD/USD: bearish breakdown. Weekly price is located below Ichimoku cloud for the bearish market condition with the ranging within the following key support/resistance levels:

• 0.6881 resistance level located on the border between the primary bearish and the primary bullish trend on the weekly chart, and
• 0.6380 support level located below Ichimoku cloud in the primary bearish area.

Chinkou Span line of Ichimoku indicator is located near the price for the possible breakdown to be started in the medium term situation, and Absolute Strength indicator is estimating the bearish trend to be continuing in the future.

There are the following news events which will be affected on NZD/USD price movement for the week:

• 2016-01-19 02:00 GMT | [CNY - GDP]
• 2016-01-19 02:00 GMT | [CNY - Industrial Production]
• 2016-01-19 21:45 GMT | [NZD - CPI]
• 2016-01-20 13:30 GMT | [USD - Core CPI]
• 2016-01-21 13:30 GMT | [USD - Philly Fed Manufacturing Index]

If the price will break 0.6480 support level on close bar so the bearish trend will be continuing up to 0.6102 bearish target to re-enter.
If the price will break 0.6102 support level on close bar so we may see the bearish breakdown for this pair.
If the price will break 0.6881 resistance level on close bar so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 0.7384 for possible buy trade
• Recommendation to go short: watch D1 price to break 0.7171 support level for possible sell trade
• Trading Summary: bearish ranging

Resistance	Support
0.6881	0.6480
0.7584	0.6102

H4 price is ranging within 100 period SMA (100 SMA) and 200 period SMA (200 SMA) waiting for the direction to break the levels.

The key reversal support/resistance levels for this pair are the following:

• 50.0% Fibo resistance level at 1.0922 located near and above 200 SMA in the beginning of the bullish area of the chart, and
• 1.0859 support level located below 100 SMA/200 SMA in the primary bearish area.

RSI indicator is estimatying the ranging bullish condition in the near future.

• If the price will break 1.0922 resistance level so the bullish reversal will be started.
• If price will break 1.0859 support so we may see the primary bearish market condition to be continuing without ranging.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0922	1.0859
1.0984	N/A

• Recommendation to go short: watch the price to break 1.0859 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.0922 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

M30 price is located near SMA with period 100 (100 SMA) and SMA with the period 200 (200-SMA) for the ranging condition waiting for the direction to break the levels.

• If the price will break 1.0975 resistance level so the bullish trend will be continuing.
• If price will break 1.0859 support so the bearish reversal will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0975	1.0859
N/A	N/A

• Recommendation to go short: watch the price to break 1.0859 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.0975 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

H4 price is on bullish ranging on the border between the primary bullish and the ranging bearish to be moved near Ichimoku cloud 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 above the price for the ranging condition by the direction.
• Symmetric triangle pattern was crossed by the price to above for the possible bullish trend to be continuing.

Resistance	Support
1.0935	1.0834
1.0984	1.0804

If H4 price will break 1.0804 support level on close H4 bar so the price will be reversed to the primary bearish market condition.
If H4 price will break 1.0984 resistance level so the bullish trend will be continuing without secondary ranging.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.0984 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.0804 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bullish

TREND : ranging

Intra-day price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bearish area of the chart. The price was on the bearish breakdown ansd it was stopped by 27.06 support level for the bouncing to be started: the price is on the local uptrend as the bear market rally by the symmetric triangle pattern to be broken to above for the rally to be continuing. The price is located within the following support/resistance levels:

• 32.32 resistance level located near 100 SMA and below 200 SMA on the border between the primary bearish and the ranging bearish market condition, and
• 35.95 resistance level located near and above 200 SMA in the beginning of the bullish area of the chart, and
• 27.06 support level located far below 100 SMA/200 SMA in the primary bearish area.

RSI indicator is estimating the secondary ranging market condition.

• If the price will break 32.32 resistance level so we may see the ranging condition within the primary bearish with 35.94 target to re-enter.
• If the price will break 35.94 resistance level so the reversal of the intra-day price movement from the primary bearish to the primary bullish trend will be started.
• If price will break 27.06 support so the primary bearish market condition will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
32.32	27.06
35.94	N/A

The Medium-Term Strategy: watch close price to break 32.32 resistance level for possible buy trade. Alternateve - watch price to break 28.78 support level for possible sell trade.

The Long-Term Strategy: watch close price to break 35.94 resistance level for possible buy trade. Alternateve - watch price to break 27.06 support level for possible sell trade.

Daily price is on primary bearish market condition for the ranging near and below 100 day SMA (100 SMA) and 200 day SMA (200 SMA) waiting for the direction within the following key reversal support/resistance levels:

• 1.1273 resistance level located above 100 SMA/200 SMA in the bullish area of the chart, and
• 1.0487 support level located below 100 SMA/200 SMA in the bearish area of the chart.

There are intermediate s/r levels for the daily price on the way to key reversal levels:

• 1.1059 resistance located on the border between the primary bearish and the primary bullish trend, and
• 1.0707 support level located on the bearish area.

RSI indicator is estimating the bearish condition to be continuing.

If the price breaks 1.0707 support level so the primary bearish will be continuing.
If the price breaks 1.1059 resistance level so reversal of the price movement from the primary bearish to the primary bullish trend will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close the price to break 1.1059 for possible buy trade
• Recommendation to go short: watch the price to break 1.0707 support level for possible sell trade
• Trading Summary: ranging bearish

Resistance	Support
1.1059	1.0707
1.1273	1.0487

SUMMARY : bearish

TREND : ranging

Daily price located below Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart: price was inside Ichimoku cloud for the ranging bearish market condition. It was good breakdown movement in the end of the week, and the price is breaking Ichimoku cloud to be reversed from the ranging bearish to the primary bearish condition with 1.0777 support level as the nearest bearish target in this case.

If D1 price will break 1.0777 support level on close bar so the bearish market condition will be continuing without secondary ranging.
If D1 price will break 1.0984 resistance level on close bar so the reversal of the price movement from the ranging bearish to the primary bullish trend will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.0984 for possible buy trade.
• Recommendation to go short: watch D1 price to break 1.0777 support level for possible sell trade.
• Trading Summary: bearish breakdown.

Resistance	Support
1.0984	1.0777
1.1059	N/A

SUMMARY : breakdown

TREND : bearish market condition