Forecast and levels for EURO - page 32

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Sergey Golubev
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Sergey Golubev, 2019.04.08 09:48

EUR/USD - weekly bearish ranging; 1.14 is the key for the weekly bullish reversal to be started (based on the article)

EURUSD weekly Ichimoku chart by Metatrader 5

  • "The Euro has stalled near one-month support after recoiling from resistance capping upside progress against the US Dollar since late September 2018. That barrier has also established a shallow but unmistakable series of lower highs. Indeed, prices appear to be stair-stepping lower, despite a lot of chop along the way."
  • "From here, a daily close below the March 7 low at 1.1176 opens the door for a test of the 1.1110-32 area, marked by a range floor dating back to mid-2017. Thorough invalidation of the near-term bearish bias is some way off, calling for a daily close above trend line resistance now situated at 1.1412."

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The chart was made on daily 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
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Sergey Golubev, 2019.04.14 10:32

EUR/USD - possible breakout with the bullish reversal; 1.1372 is the key (based on the article)

EUR/USD Daily/Weekly Ichimoku charts by Metatrader 5

  • "A week ago, EUR bears were likely chilling their champagne bottles in anticipation of potential profits to be realized as of the close of trading this week. An ECB with a worsening economic outlook seemed to be a ripe environment for sharp losses. On Wednesday, when the ECB met, the markets grabbed onto the message that the ECB will consider whether it needs to mitigate any of the side effects from negative rates and the long-term bank funding “solution: known as TLTRO-III, but that was not enough to bring out the bears accumulation of shorts."
  • "Now, the EUR is moving to the highest levels since late March after forming a potential double-bottom low of $1.1184 per EUR on April 2nd (monthly opening range low)."

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The chart was made on daily 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
109906
Sergey Golubev  

Daily bullish reversal to be started - 

Daily EUR/USD chart by Metatrader 5

Sergey Golubev
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Press review

Sergey Golubev, 2019.04.17 06:59

Intra-Day Fundamentals - EUR/USDUSD/CNH and Crude Oil: China Gross Domestic Product (GDP)

2019-04-17 02:00 GMT | [USD - GDP]

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

[USD - GDP] = Level of a composite index based on surveyed households.

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From rttnews article :

  • "China's gross domestic product expanded a seasonally adjusted 1.4 percent on quarter in the first quarter of 2019, the National Bureau of Statistics said on Wednesday - in line with expectations and down from 1.5 percent in the three months prior."
  • "On a yearly basis, GDP expanded 6.4 percent - unchanged from Q4 and beating forecasts for 6.3 percent."

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USD/CNH: range price movement by China Gross Domestic Product news events

USD/CNH: range price movement by China Gross Domestic Product news events

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EUR/USD: range price movement by China Gross Domestic Product news events 

EUR/USD: range price movement by China Gross Domestic Product news events

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Crude Oil: range price movement by China Gross Domestic Product news events 

Crude Oil: range price movement by China Gross Domestic Product news events

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The chart was made on MT5 with standard indicators of Metatrader 5


Sergey Golubev
Moderator
109906
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.04.18 15:58

Intra-Day Fundamentals - EUR/USD, GBP/USD and USD/JPY: United States Retail Sales

2019-04-18 12:30 GMT | [USD - Retail Sales]

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

[USD - Retail Sales] = Change in the total value of sales at the retail level.

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From nytimes article :

  • "U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start."
  • "The Commerce Department said on Thursday retail sales surged 1.6 percent last month. That was the biggest increase since September 2017 and followed an unrevised 0.2 percent drop in February."

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EUR/USD: range price movement by United States Retail Sales news events

EUR/USD: range price movement by United States Retail Sales news events

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GBP/USD: range price movement by United States Retail Sales news events

GBP/USD: range price movement by United States Retail Sales news events

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USD/JPY: range price movement by United States Retail Sales news events

USD/JPY: range price movement by United States Retail Sales news events

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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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