Press review - page 611

[Sergey Golubev]

GBP/JPY - bearish ranging; 143.19 is the key (based on the article)

• "This week started off with an increased slate of worry as financial markets gripped for the possibility of another summer of political volatility out of Europe. This helped to bring considerable strength into the Japanese Yen, helping pairs like EUR/JPY and GBP/JPY fall down to fresh 2018 lows. "
• "In GBP/JPY, the selling was especially noticeable, as both a weak British Pound and a strong Japanese Yen contributed to a rather quick and heavy move. The British Pound has been weak for well-over a month now, with a bearish reversal starting in mid-April that hasn't yet reversed. We looked at short-side continuation last week when GBP/JPY had bounced up to a prior area of support around 147.03. That led into the quick bearish continuation move mentioned above, which soon took out both targets at 146.00 and 145.00; and prices continued to sell-off to as low as 143.20."

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

The chart was made on daily 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
• Fibo Bar MT5 - indicator for MetaTrader 5

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

U.S. nonfarm payrolls likely to have rebounded in may, jobless rate to have stabilized at 3.9 pct

Minh Nguyen Nam, 2018.06.01 03:35

https://m2m-vn.com/u-s-nonfarm-payrolls-likely-to-have-rebounded-in-may-jobless-rate-to-have-stabilized-at-3-9-pct/

[Sergey Golubev]

USD/JPY - daily bullish ranging near the bearish reversal (based on the article)

• "USDJPY: Retail trader data shows 52.0% of traders are net-long with the ratio of traders long to short at 1.08 to 1. In fact, traders have remained net-long since May 23 when USDJPY traded near 109.258; price has moved 0.5% lower since then. The number of traders net-long is 2.3% lower than yesterday and 7.0% higher from last week, while the number of traders net-short is 18.9% higher than yesterday and 6.8% higher from last week. "
• "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias."

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

The chart was made on daily 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

[Sergey Golubev]

S&P 500 - daily narrow ranging near bearish reversal area (based on the article)

• "Since bottoming at the beginning of April the S&P 500 has been the process of slowly (and sloppily) putting together a string of higher-highs and higher-lows, with the second higher-low coming at the all-important confluence between the 200-day and Feb 2016 trend-line."
• "Overall, the market has a semi-positive feel to it at the moment with a couple of recent gap-downs not leading to follow-through selling, as buyers are showing a willingness to step in on weakness. The drop on Tuesday saw a successful retest of the trend-line running off the record high before Wednesdays surge."
• "A breakout above 2742 will clear way for a potential move to the March high just over 2800, and yet another higher-high since early April. On the flip-side, to keep the tone positive, the weekly low at 2676 and trend-line off the highs need to hold."

==========

Charts were 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
• Vortex - indicator for MetaTrader 5

==========

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 

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

[Sergey Golubev]

EUR/USD - testing last month low at 1.1510 for the weekly bearish reversal (based on the article)

• "On the weekly chart, the euro tried to put in a modestly bullish reversal bar, but it's certainly not of the high-conviction variety. Perhaps we will see a bit of early-week weakness in the euro, but as long as last week's low at 11510 holds, then the outlook is neutral at worst, tentatively bullish for a recovery bounce."
• "A break below support will be reason for abandoning a bullish bias and working with the continued trend lower. It's a bit of a tricky spot down here, but, again, there is a solid floor at the euro's feet to work with in the days ahead. 
  Resistance by way of a few lows from last year will need to be cleared on the daily time-frame to garner top-side momentum; over 11760 should be enough to bolster buyers into pushing EUR/USD higher."

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

The chart was made on daily 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
• Fibo Bar MT5 - indicator for MetaTrader 5

[Sergey Golubev]

AUD/USD Intra-Day Fundamentals: Australia Retail Sales and range price movement 

2018-05-04 02:30 GMT | [AUD - Retail Sales]

• past data is 0.0%
• forecast data is 0.3%
• actual data is 0.4% according to the latest press release

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

[USD - PPI] = Change in the price of finished goods and services sold by producers.

==========

From official report :

• "The trend estimate rose 0.3% in April 2018. This follows a rise of 0.3% in March 2018 and a rise of 0.3% in February 2018."
• "The seasonally adjusted estimate rose 0.4% in April 2018. This follows a relatively unchanged result (0.0%) in March 2018 and a rise of 0.6% in February 2018."

==========

AUD/USD M5: range price movement by Australia Retail Sales news event 

==========

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

All about BrainTrading system for MT5: 

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

[Sergey Golubev]

Crypto News - Bitcoin: daily bearish, intra-day ranging (based on the article)

• "Ethereum spilled hard from the aforementioned head-and-shoulders pattern, but has since put in a sizable recovery. The rally, though, has a solid level of resistance in play, a familiar area from some time ago. Coupling the longer-term area on the daily, turning to the 4-hr there is price resistance in confluence with a trend-line running off the peak last month. ETH/USD is currently sneaking below a minor trend-line off the late-month low. Looking for a continuation lower as the week progresses."
• "On the 4-hr, Bitcoin is posting a rising wedge within the context of a downtrend. This has BTC/USD positioned to make a move lower, but traders will want to see it roll down out of the pattern first, as there is still a chance it pops to the top-side. Potentially stopping downside momentum is a trend-line dating back to February, which may be apart of a maturing wedge in place since then. The pattern may want to further itself along towards the apex of the pattern, which, broadly speaking, would be a welcomed event as the pattern could down the line lead to a very strong move. For now, leaning bearish and will continue to monitor. Keep an eye on the daily trend-line on weakness – a hold may give us the larger pattern at some point, while a break could lead down towards 6400."

==========

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

==========

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]

Crude Oil - possible daily correction to the bearish reversal (based on the article)

Daily price is above Ichimoku cloud for the secondary ranging within the promary bullish market condition: the price is testing support level at 73.80 for the correction to the bearish reversal to be started.

• "Crude has fallen nearly 12% with the latest move lower generated from the news that the US has ‘quietly’ requested that the Saudis and other OPEC producers to hike production by some 1mm bpd. There remains little else aside from the non-verified headline. However, this makes the June 22 OPEC meeting all the more interesting."
• "Traders are continuing to watch the US Dollar, which continues to pull-back from YTD highs of 94.60, but remains above the 26-day midpoint of 92.84."
• "In other news, Central Asia’s largest oil producer, Kazakhstan is said to validate the view from Saudi Arabia and Russia to start scaling back the production curb program. Kazakhstan’s Energy Minister said in an interview that “the OPEC+ deal may be reconsidered toward softening” followed by “there is almost balance in the oil market.” All this points to a lack of tightness in the market that is likely concerning to bulls."

==========

The 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
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5

Same system for MT4:

1. Brainwashing. Trades: manually and using EAs (MT4)
2. Brainwashing EAs - the thread (MT4)
3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
4. Brainwashing: system development (MT4) - the thread

[Sergey Golubev]

AUD/USD Intra-Day Fundamentals: Australia Gross Domestic Product and range price movement 

2018-06-06 02:30 GMT | [AUD - GDP]

• past data is 0.5%
• forecast data is 0.9%
• actual data is 1.0% according to the latest press release

if actual > forecast (or previous one) = good for currency (for CNY in our case)

[AUD - GDP] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

==========

From official report :

• "The Australian economy grew by 1.0% in seasonally adjusted chain volume terms in the March quarter."
• "Gross operating surplus increased 4.0%."

==========

AUD/USD M5: range price movement by Australia Gross Domestic Product news event 

==========

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

All about BrainTrading system for MT5: 

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

[Sergey Golubev]

Crypto News - Bitcoin: daily bearish reversal; 7,055 is the key (based on the article)

Daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing 7,055 support level for the bearish trend to be continuing.

• "Google Trends shows that the interest over time for "Bitcoin" has dropped to 10 in June this year from 100 in December 2017. The latest number is lesser than the interest shown during the corresponding period last year. Fom the start of this year, the search for the term "Bitcoin" has dropped 75 percent."
• "Interestingly, the value of Bitcoin has more than halved from the beginning of the year, trading now at $7626 on Coinbase."
• "A new report by the International Monetary Fund (IMF) says crypto assets may one day reduce demand for central bank money as they will eventually be more widely adopted and fulfill more functions of money in some regions or private e-commerce networks. This is the second time in a year that the global financial watchdog is warning central bankers not to underrate the potential of crypto assets in the monetary system. The study notes that the global financial crisis and bank bailouts have "renewed skepticism in some quarters" of the world and there's a possibility that digital assets can affect the traditional global monetary policies."

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

The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.