Daily price is on bearish breakout by 1.0850 support level to be testing to below for the bearish trend to be continuing with 1.0821 nearest target to re-enter. Chinkou Span line of Ichimoku indicator is located below the price indicating the bearish breakout to be continuing, Trend Strength
indicator and Absolute Strength
indicator are estimating the trend as the bearish breakout to be continuing.
the way, the fast non-lagging signals of Kijun-sen line/Tentan-sen line are estimating the future trend as the ranging so the most likely scenarios in this case are the following:
If D1 price breaks 1.1243 resistance level on
close bar from below to above so we may see the reversal of the daily
price movement from the ranging bearish to the primary bullish market
condition with 1.1283 target.If not so the price will be on bearish ranging within the levels.
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EURUSD GANN ANGLE
Ahmed Saad Soliman, 2016.11.12 11:38
after the decline on EURUSD after the US election price reached 1 x 1536 weekly Gann angle overlapping with 6.66 Gann percentage
this is an indication that EURUSD will move higher
Please watch this video for more information
Sergey Golubev, 2016.11.12 08:39
Weekly EUR/USD Outlook: 2016, November 13 - November 20 (based on the article)
EUR/USD had a volatile week around the US elections and eventually closed lower. Speeches by Draghi, inflation, and GDP data stand. Will the euro continue lower?. Here is an outlook for the highlights of this week.
Sergey Golubev, 2016.11.14 16:50
EUR/USD Intra-Day Fundamentals: ECB President Draghi Speaks and 16 pips range price movement
2016-11-14 15:00 GMT | [EUR - ECB President Draghi Speaks]
[EUR - ECB President Draghi Speaks] = Speech at the Italian Treasury, in Rome.
From Forex Crunch article: EUR/USD finds support only at 2016 lows – why and what’s next
EUR/USD M5: 16 pips range price movement by ECB President Draghi Speaks news event
Sergey Golubev, 2016.11.14 21:38
ECB's Constancio Cautions Against 'Hasty & Positive' Conclusions On Trump Win (based on the article)
"Markets have rushed into concluding that the U.S. economy is poised for more growth on an expansionary budget policy, after Donald Trump won the presidential election last week, European Central Bank Vice President Vitor Constancio said Monday."
"This may be the case in the short-term but the real negative effects of heightened uncertainty can come later," he said.
"We should be cautious in drawing hasty, positive conclusions from those market developments because they may not necessarily indicate that the world economy will have an accelerating recovery with higher growth."
"However, considerable risks and uncertainties to financial stability remain."
Sergey Golubev, 2016.11.15 09:01
Intra-Day Fundamentals - EUR/USD, USD/CAD and AUD/USD : German Gross Domestic Product2016-11-15 07:00 GMT | [EUR - GDP]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
From official report:
"German economic growth is losing some momentum. In the third quarter of
2016, the gross domestic product (GDP) rose 0.2% on the second quarter
of 2016 after adjustment for price, seasonal and calendar variations;
this is reported by the Federal Statistical Office (Destatis). In the
first half of the year, the GDP had increased somewhat more, by 0.4% in the second quarter and 0.7% in the first quarter."
EUR/USD M5: 30 pips range price movement by German Gross Domestic Product news events
USD/CAD M5: 25 pips range price movement by German Gross Domestic Product news events
AUD/USD M5: 28 pips range price movement by German Gross Domestic Product news events
Sergey Golubev, 2016.11.15 15:01
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Retail Sales] = Change in the total value of sales at the retail level.
From Market Watch article: U.S. retail sales post biggest back-to-back sales since 2014
"Retail sales jumped 0.8% last month after a revised 1% gain in
September, the government said Tuesday. Economists surveyed by
MarketWatch had forecast a seasonally adjusted 0.7% advance."
EUR/USD M5: 30 pips range price movement by U.S. Retail Sales news events
USD/CAD M5: 29 pips range price movement by U.S. Retail Sales news events
GOLD (XAU/USD) M5: range price movement by U.S. Retail Sales news events
Sergey Golubev, 2016.11.16 14:59
[USD - PPI] = Change in the price of finished goods and services sold by producers.
"The Producer Price Index for final demand was unchanged in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.3 percent in September and were unchanged in August. On an unadjusted basis, the final demand index increased 0.8 percent for the 12 months ended in October, the largest 12-month rise since advancing 0.9 percent in December 2014."
EUR/USD M5: 14 pips range price movement by Producer Price Index news events
USD/CNH M5: 46 pips price movement by Producer Price Index news events
NZD/USD M5: 17 pips range price movement by Producer Price Index news events
Sergey Golubev, 2016.11.17 14:57
[USD - CPI] = Change in the price of goods and services purchased by consumers.
2016-11-17 13:30 GMT | [USD - Building Permits]
[USD - Building Permits] = Annualized number of new residential building permits issued during the previous month.
From official reports:
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.6 percent before seasonal adjustment."
EUR/USD M5: 38 pips range price movement by CPI and Building Permits news events
S&P 500 M5: range price movement by CPI and Building Permits news events
Dax Index M5: range price movement by CPI and Building Permits news events