Forecast and levels for Dax Index - page 6

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Sergey Golubev
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Sergey Golubev  

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Press review

Sergey Golubev, 2019.03.21 09:29

Intra-Day Fundamentals - Dollar Index, Dax Index and Hang Seng IndexFederal Funds Rate and FOMC Statement

2019-03-20 18:00 GMT | [USD - Federal Funds Rate]

  • past data is 2.50%
  • forecast data is 2.50%
  • actual data is 2.50% according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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From official report :

  • "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes."

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Dollar Index (DXY): range price movement by Federal Funds Rate news events

Dollar Index (DXY): range price movement by Federal Funds Rate news events

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Dax Index: range price movement by Federal Funds Rate news events

Dax Index: range price movement by Federal Funds Rate news events

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Hang Seng Index (HK50): range price movement by Federal Funds Rate news events

Hang Seng Index (HK50): range price movement by Federal Funds Rate news events

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread 

Sergey Golubev
Moderator
109902
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.03.25 12:10

DAX Index - Daily Correction near Bearish Reversal; 11,239 is the key (based on the article)

DAX Index Ichimoku chart by Metatrader 5

  • "Last week’s strong closing candle is coming from a big area with long-term implications. The head-and-shoulders top I’ve been discussing for months had its neckline thoroughly tested after it broke in October. Retests are a common occurrence for these types of patterns before their full bearish potential is realized. In confluence with the neckline is the decisively falling 200-day MA, the underside of the 2011 trendline which was also broken in the fall, and the low from almost exactly one year ago today."
  • "What was helping keep sellers at bay in the interim, though, was the constructive trend off the December low, with the lower parallel of the channel acting the guide. With last week’s break of not only the lower parallel but also lows created over the past several weeks the path of least resistance is setting up for sellers to regain control."
  • "Given the magnitude of the topping pattern, anticipation is for the market to drop down to the 2009 bull market trend-line and lows from the 2015/16 sell-off. This would mean the DAX has another roughly 18-23% from current levels to go before possibly finding a bottom."

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
Moderator
109902
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

GER30 Dax Strong MN1 Bearish Pattern in a VERY HEAVY (MN3/Y1) Up Trend.

Hacking the MARKETS, 2019.04.01 22:33

GER30 shows a MN1 Head and Shoulders, in a HEAVY Up Trend.
The Market is in a "Bearish Bounce Pull Back Area", and in a kind of consolidation.

With MN1 Mother Candle Out-broken,
and a double W1 High/Low broken by a W1 bearish Engulfing Candle. The market for now is still in its range.

And MN1 MACD Had already Down-broken the 2012 January Support.



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