Forecast and levels for GBP - page 17

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Sergey Golubev, 2019.06.10 11:03

GBP/USD Intra-Day Fundamentals: UK Gross Domestic Product (GDP) and range price movement  

2019-06-10 08:30 GMT | [GBP - GDP]

  • past data is -0.1%
  • forecast data is -0.1%
  • actual data is -0.4% according to the latest press release

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

[GBP - GDP] = Change in the total value of all goods and services produced by the economy.

==========

From official report :

  • "Monthly GDP growth was negative 0.4% in April 2019, as the production sector and manufacturing sub-sector contracted. The monthly growth rate for GDP is volatile and so it should be used with caution and alongside other measures, such as the three-month growth rate, when looking for an indicator of the longer-term trend of the economy. However, it is useful in highlighting one-off changes that can be masked by three-month growth rates."

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GBP/USD: range price movement by UK Gross Domestic Product (GDP) news event 

GBP/USD: range price movement by UK Gross Domestic Product (GDP) news event

==========

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

==========

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



 

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Sergey Golubev, 2019.06.20 17:18

GBP/USD Intra-Day Fundamentals: BoE Interest Rate Decision, Monetary Policy Summary and range price movement  

2019-06-20 11:00 GMT | [GBP - BoE Interest Rate Decision]

  • past data is 0.75%
  • forecast data is 0.75%
  • actual data is 0.75% according to the latest press release

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

[GBP - GDP] = Interest rate at which the BOE lends to financial institutions overnight.

==========

From official report :

  • "Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases."

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GBP/USD: range price movement by  BoE Interest Rate Decision news event 

GBP/USD: range price movement by BoE Interest Rate Decision news event

==========

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

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2019.07.10 11:05

GBP/USD Intra-Day Fundamentals: U.K.  Gross Domestic Product (GDP) and range price movement  

2019-07-10 08:30 GMT | [GBP - GDP]

  • past data is -0.4%
  • forecast data is 0.3%
  • actual data is 0.3% according to the latest press release

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

[GBP - GDP] = Change in the total value of all goods and services produced by the economy.

==========

From official report :

  • "UK GDP grew by 0.3% in the three months to May 2019."
  • "Services and production contributed positively to rolling three-month growth in May 2019, while construction had no contribution."
  • "GDP grew by 0.3% in May 2019."

==========

GBP/USD: range price movement by U.K.  Gross Domestic Product (GDP) news event 

GBP/USD BrainTrading/AscTrend chart by Metatrader 5

============

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:


 

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Sergey Golubev, 2019.07.17 08:42

GBP/USD - Bearish Breakdown (based on the article)

GBP/USD Ichimoku chart by Metatrader 5

  • "GBP/USD: Retail trader data shows 79.9% of traders are net-long with the ratio of traders long to short at 3.97 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.28987; price has moved 3.0% lower since then. The number of traders net-long is 2.0% higher than yesterday and 2.0% lower from last week, while the number of traders net-short is 2.6% lower than yesterday and 11.3% higher from last week."

============

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:


 

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Press review

Sergey Golubev, 2019.08.09 12:11

GBP/USD Intra-Day Fundamentals: U.K.  Gross Domestic Product (GDP) and range price movement  

2019-08-09 08:30 GMT | [GBP - GDP]

  • past data is 0.2%
  • forecast data is 0.1%
  • actual data is 0.0% according to the latest press release

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

[GBP - GDP] = Change in the total value of all goods and services produced by the economy.

==========

From official report :

  • "GDP contracted in the second quarter for the first time since 2012 after robust growth in the first quarter. Manufacturing output fell back after a strong start to the year, with production brought forward ahead of the UK’s original departure date from the EU."
  • "The construction sector also weakened after a buoyant beginning to the year, while the often-dominant service sector delivered virtually no growth at all."
  • "The trade deficit narrowed markedly, as imports fell following a sharp rise in the first quarter ahead of the UK’s original departure date from the EU."

==========

GBP/USD: range price movement by U.K.  Gross Domestic Product (GDP) news event 

GBP/USD: range price movement by U.K. Gross Domestic Product (GDP) news event

============

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:


 

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Sergey Golubev, 2019.08.14 12:12

GBP/USD Intra-Day Fundamentals: UK Consumer Price Index (CPI) and range price movement  

2019-08-14 08:30 GMT | [GBP - CPI]

  • past data is 2.0%
  • forecast data is 1.9%
  • actual data is 2.1% according to the latest press release

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

[GBP - CPI] = Change in the price of goods and services purchased by consumers.

==========

From official report :

  • "The Consumer Prices Index (CPI) 12-month rate was 2.1% in July 2019, increasing from 2.0% in June 2019."
  • "The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.0% in July 2019, increasing from 1.9% in June 2019."

==========

GBP/USD: range price movement by UK  Consumer Price Index (CPI) news event 

GBP/USD: range price movement by UK Consumer Price Index (CPI) news event

==========

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


 

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Sergey Golubev, 2019.08.26 17:23

Intra-Day Fundamentals - EUR/USD, GBP/USD and AUD/USD: United States  Durable Goods Orders Ex Transportation

2019-08-26 12:30 GMT | [USD - Core Durable Goods Orders]

  • past data is 1.0%
  • forecast data is -0.2%
  • actual data is -0.4% according to the latest press release

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

[USD - Core Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

==========

From official report :

  • "New orders for manufactured durable goods in July increased $5.0 billion or 2.1 percent to $250.4 billion, the U.S. Census Bureau announced today.  This increase, up two consecutive months, followed a 1.8 percent June increase.  Excluding transportation, new orders decreased 0.4 percent.  Excluding defense, new orders increased 1.4 percent.  Transportation equipment, also up two consecutive months, drove the increase, $5.7 billion or 7.0 percent to $86.3 billion."

==========

EUR/USD: range price movement by United States  Durable Goods Orders Ex Transportation news events

EUR/USD: range price movement by United States Durable Goods Orders Ex Transportation news events

==========

GBP/USD: range price movement by United States  Durable Goods Orders Ex Transportation news events 

GBP/USD: range price movement by United States Durable Goods Orders Ex Transportation news events

==========

AUD/USD: range price movement by United States  Durable Goods Orders Ex Transportation news events 

AUD/USD: range price movement by United States Durable Goods Orders Ex Transportation news events

==========

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


 

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Sergey Golubev, 2019.09.06 19:40

Intra-Day Fundamentals - Dollar Index, GOLD (XAU/USD) and GBP/USD: United States Nonfarm Payrolls

2019-09-06 12:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 159K
  • forecast data is 163K
  • actual data is 130K according to the latest press release

if actual > forecast (or previous value) = 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 :

  • "Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs."

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Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

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GOLD (XAU/USD): range price movement by Nonfarm Payrolls news events

GOLD (XAU/USD): range price movement by Nonfarm Payrolls news events

==========

GBP/USD: range price movement by Nonfarm Payrolls news events

GBP/USD: range price movement by Nonfarm Payrolls news events

==========

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

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Press review

Sergey Golubev, 2019.09.15 07:23

GBP/USD - daily bullish breakout; 1.2576 is the key (based on  the article)

GBP/USD daily Brainwashing chart by Metatrader 5

  • "The Pound rally versus the Dollar paused for much of last week, but then continued to extend on Friday. This puts GBPUSD in position to challenge the underside of the trendline running up from the October 2016 flash-crash that also happens to connect with the January flash-crash low. It could very well act as a formidable line of resistance, but the thinking is it will only be a minor speedbump on the way to higher levels.Looking beyond the 2016 trend-line, the focus will become placed on confluent resistance via the trendline off the 2018 high that runs over the March/May peaks and the declining 200-day MA."
  • "Heading into next week traders are left at a bit of a crossroads as fresh longs don't hold a lot of appeal at this juncture without traders running the risk of getting caught chasing.But existing long positions may want to be given a little wiggle room to see if momentum can continue taking price higher. Shorts don't have yet the bearish price action needed to warrant astrong stance. A small digestion period around the 2016 trendline could give a good look for would-be longs. That could change, however, if a hard rejection develops at resistance, thus giving shorts a shot at lower prices. Bottom line, in wait-and-see mode at the moment, but the landscape could change quickly with Brexit headlines a constant threat."

==========

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

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.09.18 14:25

GBP/USD Intra-Day Fundamentals: UK Consumer Price Index (CPI) and range price movement  

2019-09-18 08:30 GMT | [GBP - CPI]

  • past data is 2.1%
  • forecast data is 1.8%
  • actual data is 1.7% according to the latest press release

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

[GBP - CPI] = Change in the price of goods and services purchased by consumers.

==========

From rttnews article :

  • "UK consumer price inflation eased to a 32-month low in August as computer games and clothing turned cheaper, data from the Office for National Statistics showed Wednesday. Consumer price inflation eased to 1.7 percent from 2.1 percent in July. The rate was forecast to ease moderately to 1.9 percent. This was the lowest rate since December 2016 and well below the central bank's 2 percent target."

==========

GBP/USD: range price movement by UK Consumer Price Index (CPI) news event 

GBP/USD: range price movement by UK Consumer Price Index (CPI) news event

==========

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

==========

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


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