US Dollar Index forecast for the week of February 9, 2015, Technical Analysis
The US Dollar Index fell initially during the course of the week, but as
you can see struggled below the 94 level to continue selling off, and
bounced enough to form a nice-looking hammer. The hammer suggests that
the buyers are going to come back into the marketplace, but this market
is most certainly overbought by just about any metric measure it by.
Because of this, we are bullish of the market but we recognize that it
might be difficult to place long-term trades to the upside in general
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
The OandaX product series is designed to display additional data on orders and positions provided by the Oanda FxLabs service.
The OandaX Download Manager EA is included in the OandaX product series and is designed to download data for all OandaX indicators running in the terminal.
To test your trading strategies and for historical data analysis, you can use free OandaX 5 Download Manager BETA. It is similar to Download Manager but provides data with a delay for a day.
Note. The EA uses WebRe
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patt
Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
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SSACD - Singular Spectral Average Convergence/Divergence
This is an analogue of the MACD indicator based on singular spectrum analysis (SSA).
SSA is an effective method to handle non-stationary time series with unknown internal structure. It is used for determining the main components (trend, seasonal and wave fluctuations), smoothing and noise reduction. The method allows finding previously unknown series periods and make forecasts on the basis of the detected periodic patterns.
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
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This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
Murray's levels are the most popular support and resistance levels among professional traders. With them, you can easily determine where the price is consolidating and where there is a breakdown of this consolidation. 13 levels have a special role in the price passage. Before you start trading with the help of Murray's levels, be sure to read what these works are based on.
NumBars - number of bars for calculation of the levels (default value - 64, professionals use 200) BackBars
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
The Auto Channel Gauss indicator detects and draws the channel where the price is moving, and the trend of this channel.
The purpose of the indicator is implementing trading strategies based on operating the key levels of this channel.
Define the channel and limits where the price tends to move, identifying support and resistance. Identify the trend. Works on all pairs and periods. Versatile for many types of strategies. Upper line 1 Gold - it is resistance 1 Upper line 2 Red
The main purpose of the indicator is to draw the wave marking on the basis of maximum and minimum levels that has been reached on greater, average and smaller period. It starts to draw the point of a possible wave end if the price passes the deviation distance specified in the settings; the point is considered to be formed if the last closed candlestick hasn't made a new exteremum comparing to the previous candlestick. The fact of displaying a digit of a period itself is not a signal. You need t
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the marke
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
Crossing from top to bottom - of the upper signal level (default - 70) - sell signal. Crossing from bottom to top - of the upper signal level (default - 70) - sell sign
Advanced Candle indicator is designed to display four candle types (including non-standard ones) on the main chart:
HTF Candles allow to display candles for any time frame, including non-standard ones. For example, М27 or М135;Box Candles (candles having their minimum height set in points or percentage value) allow to generate candles having specified minimum height, for example, of 100 points or 0.5%;Volume Candles (candles having their minimum volume set in tick volume or real volume) allow
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
Silver forecast for the week of February 9, 2015, Technical Analysis
Silver markets fell after initially trying to rally during the course of
the week. As you can see the area above the $17.00 level continues to
be resistance, and as a result we ended up having a shooting star. The
shooting star of course suggests weakness, but we see so much in the way
of support below that we actually believe eventually the buyers will
pick this market backup and send it much higher. With that, we are
buyers, not sellers but do not have the right set up quite yet.
Gold forecast for the week of February 9, 2015, Technical Analysis
Gold markets fell significantly during the course of the week, as the
nonfarm payroll numbers came out stronger than anticipated during the
session on Friday. This of course brought the value of the US dollar,
which of course turned back around against the gold markets. However, we
see that the $1220 level below is massively supportive, and therefore a
supportive candle would be reason enough to start buying in this
general vicinity. We don’t have it yet obviously, but we will be
watching this market for buying opportunities in this general vicinity.
USD/JPY forecast for the week of February 9, 2015, Technical Analysis
The USD/JPY pair initially fell during the course of the week, but found
enough support to turn things back around and break well above the 190
level. That being the case, the market almost looks as if it’s ready to
plow through the 120 level next, and then ultimately break out for
longer-term buy-and-hold type of trading. We have no interest in selling
this market and we believe that the 115 level is the absolute bottom of
the market going forward. With that, we are very bullish after a very
positive nonfarm payroll number.
USD/CHF forecast for the week of February 9, 2015, Technical Analysis
The USD/CHF pair went back and forth during the course of the week,
eventually forming a very neutral candle. We are struggling at the 50%
Fibonacci retracement level, so if we can break down below the bottom of
the candle, we would be sellers. On the other hand, if we break above
the top of it, we are not buyers because we see significant resistance
at the 0.95 level as well based upon previous support, and the 61.8%
Fibonacci retracement level sitting right on top of the large, round,
psychologically significant handle.
USD/CAD forecast for the week of February 9, 2015, Technical Analysis
The USD/CAD pair broke down during the course of the week, testing the
area below the 1.25 handle. That being the case, the market looks as if
it is ready to bounce from here and perhaps head to the 1.28 handle. We
think that the market will ultimately test the 1.30 level, and even if
we break down below the bottom of the scandal, the 1.20 level below
should be the “floor.” Ultimately, this is a very good uptrend but is a
bit overbought at this point in time.
NZD/USD forecast for the week of February 9, 2015, Technical Analysis
The NZD/USD pair went back and forth during the course of the week,
forming a relatively neutral candle. It now looks as if market could
sell off every time it rallies, and that’s exactly how we are going to
approach the New Zealand dollar itself. We want to sell it every time it
rises as a result of the bearishness that we have seen recently, and
the central bank intervention out of Wellington. The US dollar continues
to be the strongest currency in the Forex markets, so it makes sense
that we continue lower.
GBP/USD forecast for the week of February 9, 201 find, Technical Analysis
The GBP/USD pair broke higher during the course of the week, after first
testing the 1.50 level. With that, the market looks as if it is ready
to try to fight its way higher, like a break of the top of the range.
However, there is enough resistance above there at the 1.55 level to
keep us from doing so as we believe the market will ultimately run into
white a bit of resistance there. With that being said, this just isn’t a
market that we like trading from a longer-term perspective at the
EUR/USD forecast for the week of February 9, 2015, Technical Analysis
The EUR/USD pair tried to break out above the 1.15 handle this week, but
as you can see ran into far too much resistance and turned back around
to form a shooting star. The shooting star of course is a negative sign
and we believe that a break below the bottom of it should bring in
sellers back into the market. At that point time we would anticipate a
move down to the 1.10 level as it is the next large, round,
psychologically significant number, but ultimately we will probably go
even lower than that given enough time. Rallies continue to offer
AUD/USD – Continues to Rest Above Support at 0.77 (based on marketpulse article)
For more than the last week now the Australian dollar has steadied
well and traded in a narrow range between support at 0.77 and 0.78.
Earlier last week the Australian dollar was on a roller-coaster ride
dropping sharply to a new multi-year low below 0.7630 before rallying
strongly and moving back up above the 0.77 level and more recently 0.78
before easing back again into its present range. It is presently
relying on support from the current key level at 0.77. Prior to all the
recent activity, in the last couple of weeks the Australian dollar fall
very sharply and break lower from the trading range that had been
established roughly between 0.8050 and 0.8200. The 0.77 range is
currently offering some support to the Australian dollar which has
allowed it to consolidate a little and temporarily stop the recent
decline over the last week. Several weeks ago it made numerous attempts
at the resistance level at 0.82 only to be sent back often before
finally finishing that week moving through this key level. In doing so
it was able to reach a one month high near 0.83 before being sold back
down again towards 0.82 as the resistance and selling activity above
this level kicked in.
Over the Christmas / New Year period, the Australian dollar seemed to
have been content with trading in a narrow range below the resistance
at 0.82, which continues to remain a key level as it is presently
provides resistance. The Australian dollar experienced a disappointing
November and December moving from resistance around 0.88 down to the new
lows recently. For a couple of months from September through to
November, the Australian dollar did well to stop the bleeding and trade
within a range between 0.8650 and 0.88 after experiencing a sharp
decline throughout September which saw it move from close to 0.94 down
to below 0.8650. Back at the beginning of September the Australian
dollar showed some positive signs as it surged higher again bouncing off
support below 0.93 and reaching a new four week high around 0.94
however that all now seems a distant memory.
It seems a long way away now but the Australian dollar reached a
three week high just shy of 0.9480 at the end of July after it enjoyed a
solid period which saw it surge higher through the resistance level at
0.9425 to the three week around 0.9480, before easing back towards that
level. The Australian dollar enjoyed a solid surge higher reaching a new
eight month high above 0.95 at the end of June, only to return most of
its gains in very quick time to finish out that week. Since the middle
of June the Australian dollar has made repeated attempts to break
through the resistance level around 0.9425, however despite its best
efforts it was rejected every time as the key level continued to stand
tall, even though it has allowed the small excursion to above 0.95.
Australia’s central bank lowered its 2015 growth and inflation
forecasts and predicted unemployment will rise, underscoring this week’s
decision to cut interest rates. “Growth overall is now forecast to
remain at a below-trend pace somewhat longer than had earlier been
expected,” the Reserve Bank of Australia said Friday in its quarterly
monetary policy statement in Sydney. “The economy is expected to be
operating with a degree of spare capacity for some time yet, and
domestic cost pressures are likely to remain subdued.” The RBA reduced
its forecast average expansion for this year to between 1.75 percent and
2.75 percent from between 2 percent and 3 percent estimated in
November. It lowered projected headline consumer-price growth to 1.25
percent in the year through June from between 1.5 percent and 2.5
percent seen three months earlier.
During the early hours of the Asian trading session on Monday, the
AUD/USD is heading lower back under the 0.78 level with eyes on the
support around the 0.77 level. Current range: trading back below 0.7800