Analytics News and Market Forecast

Weekly price was on bearish ranging market condition located within 1.0707 support and 1.1059 resistance level. Price broke 1.1059 resistance to above on Friday with the good breakout to be started on open bar: the 'reversal' Senkou Span line is going to be broken by the price to above for the possible reversal of the price movement from the primary bearish to the ranging bullish market condition. Chinkou Span line is breaking the price to above for the bullish breakout to be continuing in the near future.

If W1 price will break 1.0707 support level on close W1 bar so the primary bearish will be continuing
If W1 price will break 1.1059 resistance level on close weekly bar so we may see the reversal to the primary bullish condition with secondary ranging (the price will be inside Ichimoku cloud/kumo in this case).
If not so the price will be ranging within the levels.

Resistance	Support
1.1059	1.0707
1.1494	1.0516

SUMMARY : weekly bullish reversal

W1 price is on primary bullish with breakout on open weekly bar for now: price is breaking Senkou Span line (which is the virtual border between the primary ebarish and the primary bullish area of the chart) to be inside Ichimoku cloud for the secondary ranging within the primary bullish market condition. Chinkou Span line broke the price to above on close weekly bar for the breakout to be continuing, and Absolute Strength indicator is estimating the bullish trend to be started in the near future for example.

If W1 price will break 1128.05 support level on close W1 bar so we may see the bearish market condition for XAU/USD.
If W1 price will break 1205.74 resistance level to above so the price will be finally reversed to the primary bullish condition without secondary ranging.
If not so the price will be ranging within the levels.
Trend:

W1 - bullish breakout

H4 price is located near SMA with period 200 (200 SMA) waiting for the direction for the primary bearish or bullish trend to be started.

• If the price will break 1.4667 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 1.4451 support so the bearish trend with the secondary ranging will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.4667	1.4451
N/A	1.4227

• Recommendation to go short: watch the price to break 1.4451 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.4667 resistance level for possible buy trade
• Trading Summary: ranging on reversal

SUMMARY : ranging

TREND : waiting for direction

H4 price is located near and abocve SMA with period 200 (200 SMA) for the primary bullish market condition with the secondary ranging within key support/resistance reversal levels.

• If the close H4 price will break 36.11 resistance level so the primary bullish trend will be continuing.
• If H4 close price will break 33.77 support so the reversal of the price movement from the primary bullish to the primary bearish trend will be started up to 31.94 target to re-enter.
• If not so the price will be ranging within the levels.

Resistance	Support
35.08	33.77
36.11	31.94

• Recommendation to go short: watch the price to break 33.77 support level for possible sell trade
• Recommendation to go long: watch the price to break 36.11 resistance level for possible buy trade
• Trading Summary: ranging on reversal

SUMMARY : ranging

TREND : bullish

W1 price broke yearly Central Pivot at 1.1101 on close weekly bar for the bullish reversal. The price is crossing 1.1247 resistance for now for the bullish market condition to be continuing.

If W1 price will break 1.1247 resistance level on close bar so the bullish reversal will be continuing.
If not so the price will be on bearish ranging within the levels.

Instrument	S1 Pivot	Yearly PP	R1 Pivot
EUR/USD	1.0226	1.1101	1.1740

Trend:

• W1 - bullish reversal

H4 price is on primary bullish market condition with the ranging within the following support/resistance levels: 1.1337 resistance and 1.1162 support level.

• If the price will break 1.1337 resistance level so the primary bullish trend will be continuing.
• If close H4 price will break 1.1162 support so the local download as the secondary correction will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.1337	1.1162
N/A	1.0903

• Recommendation to go short: watch the price to break 1.1162 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.1337 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

Daily price is located below 200-day SMA and 100-day SMA for the bearish breakdown: the price broke key support levels together with 100-SMA/200-SMA to be reversed from the primary bullish to the primary bearish market condition with 95.66 bearish target to re-enter.

• If price will break 95.66 support so the bearish trend will be continuing.
• If not so the price will be on bearish ranging within the levels.

Resistance	Support
97.48	95.66
100.51	93.81

• Recommendation to go short: watch the price to break 95.66 support level for possible sell trade
• Recommendation to go long: N/A
• Trading Summary: bearish

SUMMARY : breakdown

TREND : primary bearish market condition

Daily price is on ranging market condition within the following key reversal support/resistance levels:

• 0.6752 key resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
• 0.6562 key support level located below Ichimoku cloud in the primary bearish area of the daily chart.

Chinkou Span line is indicating the ranging condition to be continuing, and Trend Strength indicator is estimating the bullish trend to be started in the future..
If D1 price will break 0.6562 support level on close bar so the bearish trend will be started.
If D1 price will break 0.6752 resistance level on close bar from below to above so we may see the bullish trend on daily timeframe for this pair.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 0.6752 for possible buy trade
• Recommendation to go short: watch D1 price to break 0.6562 support level for possible sell trade
• Trading Summary: bearish rally to the bullish reversal

Resistance	Support
0.6752	0.6562
N/A	0.6461

SUMMARY : ranging for direction

TREND : ranging

W1 price on on breakdown with bearish reversal: the price broke Central Pivot at 120.63 to below for the reversal of the price movement from the primary bullish to the primary bearish market condition. The price broke S1 Pivot at 115.41 to below with S2 Pivot at 110.62 as the next bearish target.

Instrument	S2 Pivot	S1 Pivot	Yearly PP	R1 Pivot
USD/JPY	110.62	115.41	120.63	125.41

Intra-day price is located below SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) for the primary bearish market condition. The price bounced from 95.21 support level for the bear market rally to be started.

• If the price will break 97.48 resistance level so we may see the bullish trend to be started on this timeframe with the secondary ranging market condition.
• If price will break 95.24 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
97.48	95.24
99.83	N/A

• Recommendation to go short: watch the price to break 95.24 support level for possible sell trade
• Recommendation to go long: watch the price to break 97.48 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : bear market rally

TREND : bearish