The weekly share price stopped the bearish reversal and it was bounced from 110.32 support level to above to came back to Ichimoku cloud to the ranging market condition. Fow now, the price is on testing 121.85 resistance level to above for the reversal to the trendy primary bullish market condition with the 128.58 as the next target to the bullish reversal.
If W1 price breaks 110.32 support level to below on close bar so the primary bearish trend will be resumed.If weekly price breaks 121.85 resistance level on close bar so the bullish reversal will be started.If not so the price will be on ranging condition within Ichimoku cloud waiting for direction.
SUMMARY: bullish reversal
TREND: ranging for direction
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Sergey Golubev, 2016.12.19 06:32
How McDonald's Wins (based on the article)
"Over the past five decades, McDonald's has managed to fend off many challenges, always rising after a brief pause.What's behind McDonald's endurance to the test of time?" :
The daily share price is on breakdown to be testing the support level at 118.96 to below for the daily breakdown to be continuing
If D1 price breaks 118.96 support level to below on close bar so the bearish reversal may be started on the secondary ranging way - the price will be inside Ichimoku cloud.If daily price breaks 123.78 resistance level on close bar so the bullish trend will be resumed.If not so the price will be on ranging within the levels.
Daily shares price is located above 200-day SMA in the bullish area of the chart. The price is testing 122.98 resistance level to above for the bullish trend to be continuing. Alternative, the bearish retracement pattern was formed by the price, and if the price crossed 121.48 support level together with 121.01 key support so the price will be started with the reversal to the primary bearish market condition.
Sergey Golubev, 2017.01.28 11:57
Weekly Outlook: 2017, January 29 - February 05 (based on the article)
The US dollar was mixed in Trump’s first week in office. Rate decisions in Japan, the US and the UK, GDP data in Canada and the buildup to the US Non-Farm Payrolls on Friday promise a busy week. These are the main events on forex calendar.
Sergey Golubev, 2017.04.07 17:41
Intra-Day Fundamentals - EUR/USD, USD/CNH, Apple shares and McDonald's shares: Non-Farm Payrolls
2017-04-07 13:30 GMT | [USD - Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
From official report:
EUR/USD M5: range price movement by Non-Farm Payrolls news events
USD/CNH M5: range price movement by Non-Farm Payrolls news events
Apple M5: range price movement by Non-Farm Payrolls news events
McDonald's M5: range price movement by Non-Farm Payrolls news events
Sergey Golubev, 2017.05.13 08:00
Weekly Outlook: 2017, May 14 - May 21 (based on the article)
The second week of May saw the dollar gaining ground against many currencies despite a political controversy. A mix of events awaits us now: GDP from Japan, jobs from Australia, and housing data from the US.
Weekly share price is on bullish breakout for ascending triangle pattern to be testing to below together with 156.55 for the bullish trend to be continuing.
Sergey Golubev, 2017.10.02 06:50
McDonald's - ranging bullish; 161.71 is the key (based on the article)
Weekly price is far above Ichimoku cloud in the bullish area of the chart: the price is ranging within narrow s/r levels for the bullish trend to be continuing or to the secondary correction to be started.Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend continuation.
The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:
Sergey Golubev, 2018.01.10 08:35
McDonald's - strong bullish; 175.73 is the key (based on the article)
Weekly price is on strong bullish market condition by testing the resistance level at 175.73 to above for the primary bullish trend to be continuing.
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