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Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.09 11:34 

NZDUSD D1 price finished this week by good breakout : price broke few resistance levels and went to Ichimoku cloud/kumo

  • for breakout continuing up to bullish reversal, or
  • for future possible ranging within Ichimoku cloud

If we look at W1 and H4 timeframes so we may see the following :

  • W1 price is on ranging condition for few weeks,
  • primary bullish is going on for H4 timeframe
If the price will break 0.8303 resistance on D1 close bar so it will be strong signal to bullish reversal.

If not so we may see the ranging market condition.

  • Recommendation for short: n/a
  • Recommendation to go long: watch the price for breaking 0.8303 on D1 timeframe for good reversal signal, and for breaking 0.8432 resistance on W1 for total bullish to be started for the next few weeks/months
  • Trading Summary: possible breakout continuing

UPCOMING EVENTS (high/medium impacted news events which may be affected on NZDUSD price movement for this coming week)

2013-02-11 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Speech]

2013-02-12 02:00 GMT (or 03:00 MQ MT5 time) | [CNY - Trade Balance]

2013-02-13 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Retail Sales]

2013-02-13 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Speech]

2013-02-14 01:30 GMT (or 02:30 MQ MT5 time) | [CNY - CPI]

2013-02-14 01:30 GMT (or 02:30 MQ MT5 time) | [CNY - PPI]

2013-02-14 14:55 GMT (or 15:55 MQ MT5 time) | [USD - University of Michigan Consumer Sentiment]

Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on NZDUSD price movement

Resistance
Support
0.8295
0.8215
0.8303
0.8094
0.8432
0.8049





SUMMARY : bullish

TREND : ranging


Intraday Chart



Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.10 07:22  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.09 14:41

NZD/USD weekly outlook: February 10 - 14

The New Zealand dollar rose to a nine-day high against its U.S. counterpart on Friday, as a mixed U.S. employment report forced investors to recalibrate their assumptions about the future course of the Federal Reserve's monetary policy.

Tuesday, February 11

Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington.

Thursday, February 13

The U.S. is to produce data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The nation is also to release the weekly report on initial jobless claims.

Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington.

Friday, February 14


The U.S. is to wrap up the week with the closely watched preliminary reading of the University of Michigan consumer sentiment index. The U.S. is also to release data on import prices and industrial production.

Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.10 18:49  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.09 13:19

Forex - Weekly outlook: February 10 - 14

The dollar was broadly lower against the other main currencies on Friday after data showed that the U.S. economy added fewer-than-expected jobs last month, but the data did little to alter expectations that the Federal Reserve will continue to scale back its stimulus program.

Monday, February 10


Japan is to produce data on the current account, bank lending and consumer confidence.

In the euro zone, France is to release data on industrial production.

Tuesday, February 11

Markets in Japan are to remain closed for a national holiday.

The U.K. is to release private sector data on retail sales.

Australia is to produce private sector data on business confidence, as well as reports on home loans and house price inflation.

Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington.

Later in the day, Canada’s government is to release its annual budget statement.

Wednesday, February 12


Australia is to produce a private sector report on consumer sentiment.

Japan is to release data on core machinery orders and tertiary industry activity.

Switzerland is to publish data on consumer price inflation, which accounts for the majority of all inflation.

The euro zone is to release data on industrial production.

The BoE is to release its quarterly inflation report, which outlines projections for economic growth and inflation. BoE Governor Mark Carney is to hold a press conference to discuss the contents of the report.

ECB President Mario Draghi is to speak at an event in Brussels.

Thursday, February 13

Australia is to publish data on the change in the number of people employed and the unemployment rate, as well as a private sector report on inflation expectations.

Switzerland is to publish data on producer price inflation.

The ECB is to publish its monthly bulletin.

Canada is to release data on new house price inflation.

The U.S. is to produce data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The nation is also to release the weekly report on initial jobless claims.

Federal Reserve Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report before the House Financial Services Committee, in Washington.

Friday, February 14

China is to release data on consumer and producer inflation.

The euro zone is to release preliminary data on fourth quarter gross domestic product, the broadest indicator of economic activity and the leading indicator of economic growth. Germany, France and Italy are also to release preliminary estimates on fourth quarter growth.

Canada is to produce data on manufacturing sales.

The U.S. is to wrap up the week with the closely watched preliminary reading of the University of Michigan consumer sentiment index. The U.S. is also to release data on import prices and industrial production.

Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.11 16:46  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.11 16:32

2013-02-11 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Speech]

Due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC

==========

Europe Stocks Rise as Yellen Says Jobs Recovery Not Over

European stocks rose, with the Stoxx Europe 600 Index climbing for a fifth day, as Federal Reserve Chairman Janet Yellen said more work is needed to restore the labor market to health.

==========

Fed chair Janet Yellen promises 'continuity,' further stimuls reduction

U.S. Federal Reserve Chair Janet Yellen says that if the economy keeps improving, the U.S. central bank will take "further measured steps" to reduce the support it's providing through monthly bond purchases.

In her first public comments since taking over the top Fed job last week, Yellen said Tuesday that she expects a "great deal of continuity" with her predecessor, Ben Bernanke. She signalled that she supports his view that the economy is strengthening enough to withstand a pullback in stimulus but that interest rates should stay low to fuel further growth.


MetaTrader Trading Platform Screenshots

NZDUSD, M5, 2014.02.11

MetaQuotes Software Corp., MetaTrader 5, Demo

NZDUSD M5 : 25 pips price movement by USD - Fed Chair Yellen Speech news event

NZDUSD, M5, 2014.02.11, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.12 07:53  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.12 07:52

2013-02-12 02:00 GMT (or 03:00 MQ MT5 time) | [CNY - Trade Balance]

if actual > forecast = good for currency (for CNY in our case)

==========

AUD buyers cheer up 'unbelievable' Chinese trade numbers

The Australian and New Zealand currencies were the main beneficiary of an astonishingly strong China trade balance, catching most of the players by surprise.


MetaTrader Trading Platform Screenshots

NZDUSD, M5, 2014.02.12

MetaQuotes Software Corp., MetaTrader 5, Demo

NZDUSD M5 : 36 pips price movement by CNY - Trade Balance news event

NZDUSD, M5, 2014.02.12, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.14 07:42  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.14 07:35

2013-02-14 01:30 GMT (or 02:30 MQ MT5 time) | [CNY - CPI]

if actual > forecast = good for currency (for CNY in our case)

==========

China CPI Climbs 2.5% On Year In January

Consumer prices in China were up 2.5 percent on year in January, the National Bureau of Statistics said on Friday.

That was unchanged from the December reading, and it exceeded forecasts for 2.4 percent.


MetaTrader Trading Platform Screenshots

NZDUSD, M5, 2014.02.14

MetaQuotes Software Corp., MetaTrader 5, Demo

NZDUSD M5 : 13 pips price movement by CNY - CPI news event

NZDUSD, M5, 2014.02.14, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52099
Sergey Golubev 2014.02.14 15:42  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.14 15:37

2013-02-14 14:15 GMT (or 15:15 MQ MT5 time) | [USD - Industrial Production]

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

==========

U.S. Industrial Production Shows Unexpected Drop In January

With severe weather curtailing manufacturing production in some regions of the country, the Federal Reserve released a report on Friday showing that U.S. industrial production unexpectedly decreased in the month of January.

The report said industrial production fell by 0.3 percent in January after rising by 0.3 percent in December. The pullback came as a surprise to economists, who had expected production to increase by another 0.3 percent.


MetaTrader Trading Platform Screenshots

NZDUSD, M5, 2014.02.14

MetaQuotes Software Corp., MetaTrader 5, Demo

NZDUSD M5 : 17 pips price movement by USD - Industrial Production news event

NZDUSD, M5, 2014.02.14, MetaQuotes Software Corp., MetaTrader 5, Demo


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