Press review - page 647

[Sergey Golubev]

NZD/USD Intra-Day Fundamentals: New Zealand  Consumer Price Index and range price movement  

2019-07-15 22:45 GMT | [NZD - CPI]

• past data is 0.1%
• forecast data is 0.6%
• actual data is 0.6% according to the latest press release

if actual > forecast (or previous value) = good for currency (for NZD in our case)

[NZD - CPI] = Change in the price of goods and services purchased by consumers.

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From official report :

• "In the June 2019 quarter compared with the March 2019 quarter, the CPI rose 0.6 percent (up 0.5 percent with seasonal adjustment)."
• "From the June 2018 quarter to the June 2019 quarter, the CPI inflation rate was 1.7 percent."

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NZD/USD: range price movement by New Zealand  Consumer Price Index news event 

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

• BrainTrend2Sig indicator from Codebase (free to download)
• Ichimoku Cloud - indicator for MetaTrader 5
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• CronexChaikin - indicator for MetaTrader 5
• Color Parabolic 2 - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

Intra-Day Fundamentals - Dollar Index, GOLD and USD/CAD: United States Retail Sales

2019-07-16 12:30 GMT | [USD - Retail Sales]

• past data is 0.4%
• forecast data is 0.2%
• actual data is 0.4% according to the latest press release

if actual > forecast (or previous value) = good for currency (for CAD in our case)

[USD - Retail Sales] = Change in the total value of sales at the retail level.

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From official report :

• "Advance estimates of U.S. retail and food services sales for June 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $519.9 billion, an increase of 0.4 percent (±0.5 percent)* from the previous month, and 3.4 percent (±0.7 percent) above June 2018. Total sales for the April 2019 through June 2019 period were up 3.4 percent (±0.5 percent) from the same period a year ago. The April 2019 to May 2019 percent change was revised from up 0.5 percent (±0.5 percent)* to up 0.4 percent (±0.2 percent)."

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Dollar Index: range price movement by  United States Retail Sales news events

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GOLD (XAU/USD): range price movement by  United States Retail Sales news events

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USD/CAD: range price movement by  United States Retail Sales news events

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

• BrainTrend2Sig indicator from Codebase (free to download)
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

GBP/USD - Bearish Breakdown (based on the article)

• "GBP/USD: Retail trader data shows 79.9% of traders are net-long with the ratio of traders long to short at 3.97 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.28987; price has moved 3.0% lower since then. The number of traders net-long is 2.0% higher than yesterday and 2.0% lower from last week, while the number of traders net-short is 2.6% lower than yesterday and 11.3% higher from last week."

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• Price prediction by Nearest Neighbor found by a weighted correlation coefficient - indicator for MetaTrader 5

[Sergey Golubev]

AUD/USD Intra-Day Fundamentals: Australia Employment Change and range price movement 

2019-07-18 01:30 GMT | [AUD - Employment Change]

• past data is 45.3K
• forecast data is 27.8K
• actual data is 0.5K according to the latest press release

if actual > forecast (or previous value) = good for currency (for AUD in our case)

[AUD - Employment Change] = Change in the number of employed people during the previous month.

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From official report :

• "Employment increased 500 to 12,871,700 persons. Full-time employment increased 21,100 to 8,815,600 persons and part-time employment decreased 20,600 to 4,056,100 persons."
• "Unemployment rate remained steady at 5.2%."

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AUD/USD: range price movement by Australia  Employment Change news event 

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• Quick ZigZag plus DiNapoli - indicator for MetaTrader 5
• GMMA - indicator for MetaTrader 5
• Vortex - indicator for MetaTrader 5

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Same systems for MT4/MT5:

The beginning

1. ASCTrend system, the beginning, part #1
2. ASCTrend system, the beginning, part #2
3. ASCTrend system, the beginning, part #3
4. ASCTrend system, the beginning, part #4 
5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After 

• The main AscTrend thread is this one. 
• Asctrend indicator in depth 
• ASCTREND SYSTEM summary (good EAs included) 
• Brainwashing system/AscTrend system (MT5) - the thread

[Sergey Golubev]

XAU/USD - bullish breakout; 1,452 is the key (based on the article)

• "Price is approach the upper bounds of this consolidation range with daily resistance steady at the August 2013 high at 1433. A breach / close above this threshold is needed to validate the breakout with such a scenario eyeing subsequent resistance targets at 1451 backed by the 50% retracement of the decline off the record highs at 1483."
• "Notes: A closer look at gold price action shows gold breaking above the weekly opening-range highs on an outside-day reversal candle yesterday with price defending weekly open support today at 1415. The focus is on a breach above consolidation resistance at 1433/35 to keep the long-bias in play targeting 1441 and 1451. Monthly open support rests at 1409 backed by 1440 – ultimately a break / close below the July support line, currently ~1390 needed to suggest a larger correction is underway."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• AbsoluteStrengthMarket- indicator for MetaTrader 5

[Sergey Golubev]

WTI Crude Oil - ranging to breakdown; 54.72 is the key (based on  the article)

• "Oil is up 0.83 percent today and trying to recover its steepest weekly decline (down nearly 7%, something which was not witnessed since May), and is still set to close the week lower. However, WTI is up 17.21 percent year-to-date and Brent has soared 14.26 percent YTD. The below chart shows the weekly percentage loss for WTI."
• "Looking at the speculative market, it is evidently clear that the hedge funds are no longer interested in opening any new long oil positions. The chart below shows that the net short and long WTI positions by hedge funds. It is important to keep in mind that this data is as of July 7, so the recent situation isn't clearly reflected in this data, but one cannot ignore the fact that long speculative positions on oil have fallen to their lowest level since 2013."

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase: 

• BrainTrend2Sig indicator from Codebase (free to download) 
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5 
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

DAX Index - bullish ranging within the levels for direction (based on  the article)

• "After falling out of an ascending channel, the DAX 30 has broken through multiple levels of subsequent support. Now, the Index looks to test a final level of nearby support around 12,200. Should the horizontal support fail, secondary resistance around 12,050 may come into play. After bleeding lower during July, the DAX may look to consolidate around the ascending trendline beneath before resuming its climb higher."

============

The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• Price prediction by Nearest Neighbor found by a weighted correlation coefficient - indicator for MetaTrader 5

[Sergey Golubev]

Dow Jones Industrial Average - bullish ranging; 27,401 is the key (based on   the article)

• "The Dow Jones is within reach of all-time highs around 27,400 but nearby resistance could look to hold the Industrial Average in check. The ascending trendline marked by highs in February and April refuted price early last week but consolidation and an encouraging fundamental backdrop could see the level break upon renewed attempts. Immediate support may be enjoyed at the 27,260 level but its proximity to Friday’s close is concerning. Consequently, potential support at the 26,945 and 26,705 levels should be looked to if the initial zone succumbs to selling pressure."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• AbsoluteStrengthMarket- indicator for MetaTrader 5

[Sergey Golubev]

Dollar Index (DXY) - ranging near reversal for direction (based on the article)

• "Despite the dovish shift in US monetary policy expectations this year, the Dollar has held up remarkably well. Though the world’s most liquid currency has been in a choppy range as of late if you single out DXY. Examining an average of its performance versus the Euro, Japanese Yen, British Pound and Australian Dollar can help to find a clearer trend."
• "The Dollar is still some ways away from a breakout in the context of this pattern, be it higher or lower as support held this past week around 1.2912. But, if it holds, it could carry bullish implications in the medium term while near-term price action acts as noise. In the event triangle floor is tested, the next psychological area below seems to be 1.2798 which is the late June lows."

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase: 

• BrainTrend2Sig indicator from Codebase (free to download) 
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5 
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
• How to install 

[Sergey Golubev]

Crypto News - Bitcoin: bullish correction; 9,074 is the key (based on  the article)

• "The price of Bitcoin (BTC) has drifted considerably lower since its impressive stretch of gains recorded during the first half of the year. While BTC currently trades around $10,300 – down about 25% from its 2019 high inked last month – the cryptocurrency threatens to rebound higher with a bounce off near-side technical support."
• "The recent pullback in Bitcoin, although worrisome on the surface, could be a constructive pattern of consolidation for bullish momentum to continue. This is suggested by the bull flag forming on the daily BTC price chart which is highlighted above. Additionally, prospects for a bounce higher in bitcoin is also posed by BTC price action hovering around the critical level of technical support at $10,000. 
  This psychologically-significant area of confluence is highlighted by bullish trend support and the 38.2% Fibonacci retracement of the cryptocurrency’s year-to-date trading range. Although BTC dipped below this support zone last week, the move to the downside seemingly lacked conviction as the cryptocurrency quickly rebounded."

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The chart was made on MT5 with standard indicators of Metatrader 5 together with the following indicator from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5