Analytics News and Market Forecast

Daily price is located in the ranging area between 100-day SMA and 200-day SMA waiting for direction of the trend.

• If the price will break 326.50 resistance level so the price will be reversed to the primary bullish market condition.
• If price will break 306.30 support so the bearish trend will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
326.50	306.30
331.00	289.50

• Recommendation to go short: watch the price to break 306.30 support level for possible sell trade
• Recommendation to go long: watch the price to break 326.50 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

EUR/USD: bearish ranging within narrow levels. This pair is on primary bearish market condition located below Ichimoku cloud and below Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. Intra-day price is on ranging within the narrow s/r levels for the bearish trend to be continuing or to the bear market rally to be started.

• if the price breaks 1.1294 resistance so the local uptrend as the bear market rally will be started with 1.1367 bullish reversal target to re-enter;
• if the price breaks 1.1233 support level so the primary bearish market condition will be continuing;
• if not so the price will be moved within the channel.

Resistance	Support
1.1294	1.1233
1.1367	N/A

W1 price broke Central Yearly Pivot at 1.1101 on close weekly bar to above for the global bullish reversal: the price is breaking 1.1464 resistance level for the bullish trend to be continuing.

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

Trend:

• W1 - bullish

Daily price is on local uptrend as the secondary market rally: the price is testing Ichimoku cloud levels for the possible reversal to the ranging bullish market condition.

Chinkou Span line is crossing the price to above on open daily bar for the possible bullish reversal by breakout, and Absolute Strange indicator is evaluating the bullish trend to be started in the near future.

If D1 price will break 154.70 support level on close bar so the bearish trend will be continuing.
If D1 price will break 164.09 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 D1 price will break 166.55 resistance level on close bar so the bullish breakout will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 166.55 for possible buy trade
• Recommendation to go short: watch D1 price to break 154.70 support level for possible sell trade
• Trading Summary: bearish rally to the bullish reversal

Resistance	Support
164.09	154.70
166.55	152.50

SUMMARY : rally

TREND : breakout with possible bullish reversal

EUR/JPY: possible breakout with bullish reversal. The pair is on breakout which was started on Friday - the price broke resistance level to above on open daily bar testing the border of the Ichimoku cloud to above for the bullish reversal to be continuing. If the price breaks Senkou Span line on open daily bar to above so the bullish reversal will be continuing with the secondary ranging.

Weekly price is on bullish market condition located above Ichimoku cloud: the price is testing 2,104.75 resistance level for the bullish trend to be continuing. Chinkou Span line is located above above the price indicating the ranging condition by direction, and Absolute Strength indicator is estimating the ranging condition to be continuing in the near future.

If W1 price will break 2,012 support level on close W1 bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If W1 price will break 2,104 resistance level to above so the bullish trend will be continuing.
If not so the price will be ranging within the levels

H4 price is on breakout - the price broke Ichimoku cloud to above for the reversal from the primary bearish to the primary bullish market condition to be stopped near 1.1367 resistance level. Chinkou Span line broke the price to above for the bullish breakout to be continuing, Trend Strength indicator is estimating the bullish trend, and Absolute Strength indicator is estimating the ranging bullish market conditipon to be started in the near future.

Resistance	Support
1.1367	1.1271
1.1398	1.1214

If H4 price will break 1.1271 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started with 1.1214 target.
If H4 price will break 1.1367 resistance level on close bar so the bullish trend will be continuing up to 1.1398 level as the nearest bullish target.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.1367 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.1271 support level for possible sell trade
• Trading Summary: bullish

H4 price is located near SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown.

• If the price will break 158.55 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 153.37 support so the ranging bearish trend will be turned to the primary bearish with possible breakdown.
• If not so the price will be ranging within the levels.

Resistance	Support
153.37	158.55
162.80	151.63

• Recommendation to go short: watch the price to break 153.37 support level for possible sell trade
• Recommendation to go long: watch the price to break 158.55 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

D1 price is located above 200 period SMA and 100 period SMA for the primary bullish market condition with the secondary ranging within Fibo resistance level at 1.1615 and Fibo support level at 1.1214:

• 61.8% Fibo support level at 1.1367 is going to be crossed by the price from above to below for the secondary correction to be started;
• RSI indicator is estimating the ranging bullish condition in the near future.

If the price will break Fibo support level at 1.1214 so the reversal of the price movement from the primary bullish to the ranging bearish may be started.
If the price will break Fibo resistance level at 1.1615 from below to above so the primary bullish trend will be continuing.
If not so the price will be ranging within the levels.

H4 price is on breakdown for trying to cross 1.1210 support level from above to below on close H4 bar for the bearish breakdown to be continuing.

• Chinkou Span line is located to be below the price indicating the bearish breakdown.
• Absolute Strength indicator is estimating the bearish market condition to be continuing in the near future.

Resistance	Support
1.1316	1.1210
1.1428	N/A

If H4 price will break 1.1210 support level on close H4 bar so the primary bearish with secondary breakdown will be continuing.
If H4 price will break 1.1316 resistance level so we may see the reversal to the primary bullish condition with secondary ranging.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.1316 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.1210 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : breakdown