{"id":62158,"date":"2013-07-13T11:21:47","date_gmt":"2013-07-13T01:21:47","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/07\/13\/iq-asx-weekly-forecast-for-week-ending-19th-july-2013\/"},"modified":"2013-07-13T11:21:47","modified_gmt":"2013-07-13T01:21:47","slug":"iq-asx-weekly-forecast-for-week-ending-19th-july-2013","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/07\/13\/iq-asx-weekly-forecast-for-week-ending-19th-july-2013\/","title":{"rendered":"iQ ASX Weekly Forecast for week ending 19th July 2013"},"content":{"rendered":"<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/iQuant ASX200SPI 13 July 2013.jpg\" style=\"width: 670px;height: 514px\" \/><\/p>\n<p>\n\t<span>iQuant<\/span> predicts limited upside for the week ending <span>19th<\/span> July 2013. Short term indicators suggest the 4957 level will hold. We predict market consolidation and a fall to the 4840 -4860 support range<\/p>\n<p>\n\tRespect the uptrend which is now 3 weeks old. A break of 4876 increases the downside risk and a selling opportunity may present.<\/p>\n<p>\n\tBulls are on trend and a break of 4957 will lead to a further rally. The <span>iQuant<\/span> July monthly upside target at 4957 has been hit and further gains may be limited with consolidation seen. A close above 4876 next week will continue the trend and long positions can be held.<\/p>\n<p>\n\tBears need a close under 4876 at the end of next week with a downside target at 4769. The recent bounce in the market has pushed the weekly <span>RSI<\/span> towards overbought conditions. <span>iQuant<\/span> expects pressure on the market next week and we wait for the trend to change.<\/p>\n<p>\n\t<strong><span>iQUANT<\/span> FORECAST RANGE 4769 &#8211; 4936<\/strong><\/p>\n<p>\n\t<strong>PIVOT POINT 4876<\/strong><\/p>\n<p>\n\tLog Into <a href=\"http:\/\/www.iquantsystems.com\">www.iquantsystems.com<\/a> to view real time reports on <span>ASX<\/span> top 20, international indices, currencies and commodities.<\/p>\n<p>\n\t<span>ASX200<\/span> report tracks the September <span>ASX200<\/span> <span>SPI<\/span>. The <span>ASX200<\/span> index is currently trading at a 40 point premium to the futures. All levels in this report refer to the <span>ASX200<\/span> <span>SPI<\/span> futures<\/p>\n<p>\n\tThis weeks range of 4769 &#8211; 4936 pivot 4876 &#8211; equates to 4809 &#8211; 4976 and 4916 pivot on <span>ASX200<\/span> physical index<br \/>\n\tDisclaimer: The past performance of this service is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance.<\/p>\n<p>\n\tThe information contained in this email communication is general information only. Any advice is general advice only. Neither your personal objectives, financial situation or needs have not been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. <span>Iquant<\/span> Systems Pty Ltd (CAR No.435627) is a corporate <span>authorised<\/span> representative of <span>Avestra<\/span> Capital Pty Ltd (<span>AFSL<\/span> No. 292464).<\/p>\n<p>\n\tCopyright &copy; 2013 <span>Iquant<\/span> Systems, All rights reserved. Re-published with permission of the publisher. Views expressed are not by association <span>FNArena&#039;s<\/span> (see our disclaimer).<\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>,<em> we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We hereby present a new addition to FNArena&#8217;s third party content contributors: iQuant&#8217;s prediction for the week ahead for Australian equities.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62158"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=62158"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62158\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}