Chinkou Span line of Ichimoku indicator is crossing historical price from above to below on open bar trying to break 1.3219 support level for posstble correction within primary bullish.
If the price will cross 1.3219 and especially 1.3175 support levels so we may have good correction. If the price will cross 1.3266 resistance level from below to above so the primary bullish trend will be continuing.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2013-09-02 07:15 GMT | [EUR - Spanish Manufacturing PMI]
2013-09-02 08:00 GMT | [EUR - Manufacturing PMI]
2013-09-03 07:00 GMT | [EUR - Spanish Unemployment Change]
2013-09-03 09:00 GMT | [EUR - Producer Price Index]
2013-09-03 14:00 GMT | [USD - ISM Manufacturing PMI]
2013-09-04 08:00 GMT | [EUR - Services PMI]
2013-09-04 09:00 GMT | [EUR - GDP]
2013-09-04 12:30 GMT | [USD - Trade Balance]
2013-09-05 10:00 GMT | [EUR - German Factory Orders]
2013-09-05 11:45 GMT | [EUR - ECB Interest Rate Decision]
2013-09-05 12:15 GMT | [USD - ADP Non-Farm Employment Change]
2013-09-05 12:30 GMT | [EUR - ECB press conference]
2013-09-05 14:00 GMT | [USD - ISM Non-Manufacturing PMI]
2013-09-06 06:00 GMT | [EUR - German Trade Balance]
2013-09-06 12:30 GMT | [USD - Non-Farm Employment Change (NFP)]
SUMMARY : bullish
TREND : correction
Yes, agree - no reason - but it iis one week technical analysis. One week only.
if you will do it in your chinese section on the way as "one week = one thread" so you will get more clients for your servicers for example. So ... no one can do it? :)
I think - we will have the stats for our profiles or blogs ...
can you imagine - everybody will get the stats (unique visitors ... etc) ... for the blogs and profiles? ads ... etc ...
so sorry ... let's develop the sections/profiles/future possible blogs etc ...
no reason ... :(
as we say in russia - no reason = no money. And the reason = money.
And everything inside the profiles = money now! Go to my profile and see it.
1.3219 support level was broken so we are having just 1.3175. Correction is going on :
MetaTrader Trading Platform Screenshots
EURUSD, D1, 2013.09.03
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD, M5, 2013.09.03
24 pips movement on USD ISM Manufacturing PMI
newdigital, 2013.09.03 17:57
If actual > forecast = good for currency (for USD in our case)
U.S. Manufacturing Index Reaches A New Two-Year High In August
After reporting the biggest monthly jump in manufacturing activity
in seventeen years in the previous month, the Institute for Supply
Management released a report on Tuesday showing that manufacturing
activity expanded at an even faster rate in August.
The ISM said
its purchasing managers index edged up to 55.7 in August from 55.4 in
July, with a reading above 50 indicating an increase in manufacturing
The modest increase by the purchasing managers index
came as a surprise to economists, who had expected the index to dip to a
reading of 53.8.
With the unexpected increase, the index added
to the 4.5-point gain posted in the previous month, reaching its highest
level since hitting 55.8 in June of 2011.
Bradley J. Holcomb,
chair of the ISM Manufacturing Business Survey Committee, said,
"August's PMI reading, the highest of the year, indicates expansion in
the manufacturing sector for the third consecutive month."
"Comments from the panel range from slow to improving business conditions depending upon the industry," he added.
modest increase by headline index was partly due to a notable
acceleration in the pace of new orders growth, with the new orders index
jumping to 63.2 in August from 58.3 in July.
EURUSD, M5, 2013.09.05
21 pips up and 80 pips down
newdigital, 2013.09.05 14:43
U.S. Private Sector Employment Rises Slightly Less Than Expected
Private sector employment in the U.S. rose by slightly less than
expected in the month of August, according to a report released by
payroll processor Automatic Data Processing, Inc. (ADP) on Thursday.
said private sector employment increased by 176,000 jobs in August
compared to a downwardly revised increase of 198,000 jobs in July.
had been expecting the private sector to add about 180,000 jobs
compared to the addition of 200,000 jobs originally reported for the
newdigital, 2013.09.05 14:47
Press conference following the meeting of the Governing Council of
the European Central Bank on 5 September 2013 at its premises in
Frankfurt am Main, Germany, starting at 2:30 p.m. CET:
Watch official video here.
Yes, it is still bullish as a primary market condition (because the price is above Ichimoku cloud), but correction as a secondary trend. I am talking about D1 timeframe. You can see it by yourself :
EURUSD, D1, 2013.09.05
bullish as a primary