Analytics News and Market Forecast

Daily price is located above 100-day SMA/200-day SMA area for the bullish market condition with the ranging within key support/resistance levels:

• The price is ranging within Fibo resistance level at 1,283.35 and 23.6% Fibo support level at 1,227.30.
• Key support level for the bearish reversal is 61.8% Fibo support level at 1,137.00.
• RSI indicator is estimating the ranging bullish trend to be continuing.

If the price breaks 23.6% Fibo support level at 1,227.30 so the secondary correction will be started.
If the price breaks Fibo resistance level at 1,283.35 to above on close daily bar so the bullish trend will be continuing.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close the price to break 1,283.35 for possible buy trade
• Recommendation to go short: watch the price to break 1,227.30 support level for possible sell trade
• Trading Summary: bullish

Resistance	Support
1,283.35	1,227.30
N/A	1,137.00

SUMMARY : bullish

TREND : ranging

Daily price is on primary bullish market condition located above Ichimoku cloud: the price is testing 1.1217 resistance level for the bullish erversal to be continuing with 1.1376 level as the next bullish target.

Chinkou Span line is above the price indicating the ranging bullish by direction, and Trend Strength indicator and Absolute Strange indicator are evaluating the primary bullish trend to be continuing.

If D1 price will break 1.0814 support level on close bar so the price will be reversed to the bearish market condition.
If D1 price will break 1.1217 resistance level on close bar from below to above so the bullish reversal of the price movement will be continuing.
If D1 price will break 1.1376 resistance level on close bar so the price will be fully reversed to the bullish market condition located to be above Ichimoku cloud in the bullish area of the chart.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.1217 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.0814 support level for possible sell trade
• Trading Summary: ranging bullish

Resistance	Support
1.1217	1.0814
1.1376	1.0777

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SUMMARY : ranging

TREND : bullish

H4 price is on secondary correction with the bearish reversal: the price is breaking 200 period SMA from above to below for the reversal of the intra-day price movement from the primary bullish to the ranging bearish market condition.

• If the price will break 1.1217 resistance level so the primary bullish trend will be continuing.
• If price will break 1.1000 support so the price will be reversed to the primary bearish market condition.
• If not so the price will be ranging within the levels.

Resistance	Support
1.1217	1.1000
N/A	1.0821

• Recommendation to go short: watch the price to break 1.1000 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.1217 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : ranging to the bearish reversal

Daily price is located to be below Ichimoku cloud for the primary bearish market condition: price is ranging within the following key reversal support/resistance levels:

• 110.66 key support level located far below Ichimoku cloud in the primary bearish area, and
• 114.44 key resistance level located near Ichimoku cloud on the border between the primary bearish and the primary bullish trend.

Chinkou Span line is below the price indicating the ranging condition, Trend Strength indicator is estimating the secondary ranging as well, and Absolute Strange indicator is evaluating the primary bearish trend to be continuing in the future.

If D1 price will break 114.44 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 D1 price will break 110.66 support level on close bar from above to below so the primary bearish trend will be continuing.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 114.44 for possible buy trade
• Recommendation to go short: watch D1 price to break 110.66 support level for possible sell trade
• Trading Summary: ranging bearish

Resistance	Support
114.14	110.97
114.44	110.66

SUMMARY : ranging bearish

TREND : bearish

GBP/USD: ranging above 50.0% Fibo level. The intra-day H4 price is located above 100/200 SMA for the primary bullish market condition: the price is ranging within key Fibo levels waiting for direction.

• if the price breaks Fibo resistance level at 1.4458 resistance so we may see the secondary rally within the primary bearish market condition;
• if the price breaks 50.0% Fibo support level at 1.4257 so the reversal of the price movement from the primary bullish to the primary bearish condition will be started;
• if not so the price will be moved within the channel.

Resistance	Support
1.4458	1.4257
N/A	1.4056

W1 price is located to be above yearly Central Pivot at 1.1101 and below R1 Pivot at 1.1740. The price is breaking 1.1376 resistance level for the bullish trend tobe continuing with R1 Pivot at 1.1740 as the nearest bullish target.

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

Trend:

• D1 - bullish
• W1 - bullish

W1 price is on breakdown with the bearish reversal which was started in the end of the February this year: the price is breaking 2.8386 support level to below together with Senkou Span line which is the border Ichimoku cloud and the virtual border between the primary bearish and the primary bullish trend on the chart. The price is ranging within the following key support/resistance levels:

• 2.6140 support level located below Ichimoku cloud in the primary bearish area, and
• 3.0745 resistance level located to be above Ichimoku cloud in the primary bullish area of the chart.

Absolute Strength indicator is estimating the bearish trend to be continuing.

If the price will break 2.8386 support level on close weekly bar so the breakdown with the bearish reversal will be continuing with the secondary ranging: the price will be located inside Ichimoku cloud.
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 2.8386 support level for possible sell trade
• Trading Summary: bearish reversal

Resistance	Support
2.9991	2.8386
3.0745	2.6140

Trend:

W1 - bearish reversal

D1 price is located above 200-day SMA (200 SMA) and 100-day SMA (100 SMA) for the primary bullish market condition with the secondary ranging within the following s/r levels:

• Fibo resistance level at 1.1437 located far above 100 SMA/200 SMA in the primary bullish area of the chart, and
• 61.8% Fibo support level at 1.1057 located near 200 SMA in the beginning of the bearish area of the chart.

RSI indicator is estimating the ranging bullish trend to be continuing.

If the price will break Fibo resistance level at 1.1437 so the primary bullish trend will be continuing.
If the price will break 61.8% Fibo support level at 1.1057 from above 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.
Trend:

W1 - ranging bullish

H4 price is located above SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) for the primary bullish market condition: the price is breaking 0.8104 resistance level for the bullish trend to be continuing.

• If the price will break 0.8104 resistance level on close H4 bar so the primary bullish trend will be continuing.
• If price will break 0.7878 support so the bearish reversal will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
0.8104	0.7878
N/A	0.7830

• Recommendation to go short: watch the price to break 0.7878 support level for possible sell trade
• Recommendation to go long: watch the price to break 0.8104 resistance level for possible buy trade
• Trading Summary: bullish

SUMMARY : bullish

H4 price is on primary bullish condition with the secondary correction with the possible bearish reversal: the price is testing 1.3076 support level to be reversed from the primary bullish to the ranging bearish market condition. Chinkou Span line is located above the price for the ranging bullish trend by direction, and Absolute Strength indicator is estimating the ranging condition in the near future.

Resistance	Support
1.3180	1.3076
1.3218	1.3018

If H4 price will break 1.3076 support level on close H4 bar so the reversal of the price movement from the primary bullish to the ranging bearish will be started.
If H4 price will break 1.3180 resistance level so the primary bullish trend will be continuing.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.3180 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.3076 support level for possible sell trade
• Trading Summary: correction

SUMMARY : bullish

TREND : correction