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EURUSD Technical Analysis 01.09 - 08.09 : Possible Correction Within Primary Bullish

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Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.01 12:31 

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.

  • Recommendation for long: watch the price for crossing 1.3266 support level
  • Recommendation to go short: watch the price for crossing 1.3175 support level
  • Trading Summary: correction

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)]

Resistance
 Support
1.3254
1.3219
1.3266
1.3175
1.3328
1.3153



SUMMARY : bullish

TREND : correction


Intraday Chart



yhkl
10
yhkl 2013.09.02 01:52  
有几个月的熊市,没有任何理由看涨
Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.02 01:58  

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? :)

Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.02 02:02  
If you will use free indicators from MT5 CodeBase so people will join you ...
Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.02 02:06  

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 ...

Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.02 02:08  

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.

Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.03 06:22  

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

1.3175 support

EURUSD, D1, 2013.09.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.03 17:58  

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.09.03

MetaQuotes Software Corp., MetaTrader 5, Demo

24 pips movement on USD ISM Manufacturing PMI

EURUSD, M5, 2013.09.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.03 17:57

2013-09-03 14:00 GMT (or 16:00 MQ MT5 time| [USD - ISM Manufacturing PMI]

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 activity.

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.

The 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.


Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.05 14:59  

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.09.05

MetaQuotes Software Corp., MetaTrader 5, Demo

21 pips up and 80 pips down

EURUSD, M5, 2013.09.05, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.05 14:43

2013-09-05 12:15 GMT (or 14:15 MQ MT5 time| [USD - ADP Non-Farm Employment Change]

If actual > forecast = good for currency (for USD in our case)

==========

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.

ADP said private sector employment increased by 176,000 jobs in August compared to a downwardly revised increase of 198,000 jobs in July.

Economists had been expecting the private sector to add about 180,000 jobs compared to the addition of 200,000 jobs originally reported for the previous month.


Forum

Press review

newdigital, 2013.09.05 14:47

2013-09-05 12:30 GMT (or 14:30 MQ MT5 time| [EUR - ECB press conference]

==========

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:

  • Introductory statement by Mario Draghi, President of the ECB.
  • Question and answer session. Registered journalists pose questions to Mario Draghi, President of the ECB, and to Vítor Constâncio, Vice-President of the ECB.

Watch official video here.


Tonny Obare
29344
Tonny Obare 2013.09.05 15:13  
newdigital:



SUMMARY : bullish

TREND : correction


Intraday Chart



Ohw men.
Sergey Golubev
Moderator
93812
Sergey Golubev 2013.09.05 15:39  

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 :

MetaTrader Trading Platform Screenshots

EURUSD, D1, 2013.09.05

MetaQuotes Software Corp., MetaTrader 5, Demo

bullish as a primary

EURUSD, D1, 2013.09.05, MetaQuotes Software Corp., MetaTrader 5, Demo


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