Analytics News and Market Forecast

CAD/JPY H4: bullish reversal. This pair is on ranging market condition located to be inside Ichimoku cloud within 82.55 resistance and 81.35 support levels waiting for direction. There are 3 simple scenarios for the price movement for the week:

• bullish trend to be started in case the price breaks 82.55 resistance,
• bearish reversal in case the price breaks 81.35 support,
• or the ranging will be continuing within the levels.

Chinkou Span line is located below the price and directed us to the possible bearish reversal.

Resistance	Support
82.55	81.35
83.66	79.25

H4 price is on primary bearish market condition located to be below Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart.

• Chinkou Span line is below the price for the ranging bearish condition by the direction.
• Absolute Strength indicator is estimating the secondary ranging.
• Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.

Resistance	Support
1.1124	1.1002
1.1192	N/A

If H4 price will break 1.1002 support level on close H4 bar so the primary bearish will be continuing.
If H4 price will break R]1.1192 resistance level so the reversal to the primary bullish condition will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.1192 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.1002 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : ranging

Daily price is located below 200-day SMA for the primary bearish market condition with the secondary ranging within 100-day SMA area and with key reversal bearish support level at 1.0989.

• If the price will break 1.1178 resistance level so the price will be reversed to the primary bullish market condition.
• If price will break 1.0989 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
1.1178	1.0989
1.1376	1.0707

• Recommendation to go short: watch the price to break 1.0989 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.1178 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bearish

H4 price is on primary bearish market condition located below 100 SMA/200 SMA reversal area: the price is testing 1.3877 support level for the bearish trend to be continuing.

• If the price will break 1.4078 resistance level so the local uptrend as the bear market rally will be started.
• If the price will break 1.4396 resistance level so we may see the reversal of intra-day price movement from the primary bearish to the primary bullish market condition.
• If price will break 1.3877 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
1.4078	1.3877
1.4396	N/A

• Recommendation to go short: watch the price to break 1.3877 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.4396 resistance level for possible buy trade
• Trading Summary: bearish

Daily price is located within 100-day SMA/200-day SMA area ranging for the direction:

• Descending triangle pattern was formed with 1.0962 support to be crossed to below for the bearish trend.
• If the price breaks 38.2% Fibo resistance level at 1.1120 so we may see the bullish reversal to be started.
• If the price breaks 61.8% Fibo level to below so ther price will be reversed to the primary market condition on daily basis for example.

Trend:

• D1 - ranging on reversal
• W1 - ranging bearish
• MN1 - ranging bearish

Daily price was on bearish breakdown since the beginning of February this year: the price broke key support levels on the way to downtrend to be bounced from 110.97 support for the ranging market condition to be started.

The price is ranging within the following key support/resistance lines:

• 115.96 key resistance line located near and below Ichimoku cloud on the border between the secondary bear market rally and the primary bullish market condition, and
• 110.97 key support level located far below Ichimoku cloud in the primary bearish area of the daily chart.

Chinkou Span line is located below the price indicating the ranging bearish condition by direction, and Absolute Strange indicator is evaluating the tgrend and the ranging as well.
If D1 price will break 110.97 support level on close bar so the bearish trend will be continuing.
If D1 price will break 115.96 resistance level on close bar from below to above so the local uptrend as the bear market rally will be started with the good possibility to the reversal of the price movement from the primary bearish to the primary bullish market condition.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 115.96 for possible buy trade
• Recommendation to go short: watch D1 price to break 110.97 support level for possible sell trade
• Trading Summary: ranging

Resistance	Support
115.96	110.97
121.68	N/A

SUMMARY : bearish

TREND : ranging

H1 price is located to be above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the bullish area of the chart: the secondary correction was started by the price for trying to break 1,928 support level to below for the secondary correction to be continuing.

• If the price will break 1,962 resistance level so we may see the bullish trend to be continuing.
• If price will break 1,890 support so the reversal of the intra-day price movement from the primary bullish to the primary ebarish market condition will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1,962	1,928
N/A	1,890

• Recommendation to go short: watch the price to break 1,890 support level for possible sell trade
• Recommendation to go long: watch the price to break 1,962 resistance level for possible buy trade
• Trading Summary: correction

SUMMARY : correction

TREND : primary bullish

GBP/USD: bearish ranging with secondary rally on bullish reversal. The price for the pair is on nearish market condition with the local uptrend as the secondary rally: price is testing 1.4193 resistance level for the bullish reversal to be started. RSI indicator is estimating the ranging condition to be continuing.

• if the price breaks 1.4193 resistance so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started;
• if the price breaks 1.3835 support level so the primary bearish will be continuing;
• if not so the price will be moved within the channel.

Resistance	Support
1.4193	1.4032
N/A	1.3835

Daily price is on primary bearish market condition with the secondary rally which was started in the end of the February this year. Chinkou Span line is very near to be crossed with the price from below to above for the possible breakout, and Absolute Strange indicator is evaluating the price movement as the secondary secondary rally with the possible bullish reversal in the near future.

If D1 price will break 1.3835 support level on close bar so the bearish trend will be continuing.
If D1 price will break 1.4695 resistance level on close bar from below to above so the reversal of the price movement from the primary bearish to the ranging bullish 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 1.4695 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.3835 support level for possible sell trade
• Trading Summary: bearish rally to the bullish reversal

Resistance	Support
1.4667	1.3835
1.4695	N/A

SUMMARY : bear market rally

TREND : bearish

Intra-day H4 price is located above 200 period SMA and 100 period SMA for the primary bullish with secondary ranging: the price broke Daily Pivot level at 40.03 to above for the Fibo resistance level at 41.43 as the bullish intra-day target:

• "Oil prices rose above $40 a barrel on Wednesday, helping lift European stock markets back towards recent one-month peaks and taking the edge off global growth concerns for now."
• "Oil prices rallied on speculation that the world's largest exporters could agree this month to freeze production and help erode the largest global build in unwanted crude in years."
• "Brent crude futures LCOc1 rose 68 cents to $40.33 a barrel by 1050 GMT, having touched three-month highs on Tuesday above $41, while U.S. crude futures CLc1 were up 54 cents at $37.03."

If the price will break Fibo resistance level at 41.43 from below to above so the primary bullish trend will be continuing.
If not so the price will be ranging between between support level at 94.27 and resistance level at 97.30.

Trend:

• H4 - ranging bullish

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