D1 price: Chinkou Span line of Ichimoku indicator crossed historical price from above to below on open D1 bar for possible breakdown of the price movement in the near future. If this breakdown will be continuing and price will break 0.8603 support level on close D1 bar so we may see good price movement together with secondary ranging market condition: D1 price will be inside Ichimoku cloud/kumo.
H4 price: Chinkou Span line of Ichimoku indicator crossed historical price from above to below on open H4 bar for possible breakdown within primary bearish market condition for H4. This Ichimoku signal (Chinkou Span breakdown together with the price below kumo) is very strong signal for possible downtrend, and this situation may be validated if H4 bar will close with same signals on previous close H4 bar.
W1 price: flat within primary bullish.If
D1 price will break 0.8603 support so correction will be continuing with good possibility to reversal to bearish market condition.If not so we may see the ranging market condition within primary bullish.
UPCOMING EVENTS (high/medium impacted news events which may be affected on NZDUSD price movement for this coming week)
2014-05-18 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - PPI]
2014-05-20 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - Visitor Arrivals]
2014-05-21 15:30 GMT (or 17:30 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
2014-05-21 18:00 GMT (or 20:00 MQ MT5 time) | [USD - FOMC Meeting Minutes]
2014-05-22 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2014-05-22 03:00 GMT (or 05:00 MQ MT5 time) | [NZD - Inflation Expectations]
2014-05-22 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Existing Home Sales]
2014-05-23 14:00 GMT (or 16:00 MQ MT5 time) | [USD - New Home Sales]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on NZDUSD price movement
SUMMARY : bullish
TREND : correction
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The following information
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Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.05.19 05:35
2014-05-18 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - PPI Input]
if actual > forecast = good for currency (for NZD in our case)
NZD PPI Input = Change in the price of goods and raw materials purchased by manufacturers
Output producer prices in New Zealand climbed 0.9 percent on quarter in the first quarter of 2014, Statistics New Zealand said on Monday.The output PPI - prices received by New Zealand producers - topped forecasts for an increase of 0.7 percent following the 0.4 percent contraction in the fourth quarter.Input prices - prices of goods and services used by New Zealand producers - climbed 1.0 percent on quarter, topping expectations for 0.4 percent after shedding 0.7 percent in the three months prior."The higher prices for electricity generation contributed to both the higher input and output PPIs in the latest quarter," prices manager Chris Pike said. "This often happens in March quarters, due to spot-market conditions and low lake levels."The output electricity and gas supply price index rose 14 percent, which contributed more than half of the rise in the output PPI. The input electricity and gas supply price index (up 20 percent) contributed nearly three-quarters of the rise in the input PPI.Higher prices for raw milk resulted in an increase in prices received by dairy cattle farmers (up 4.0 percent), and an increase in input prices paid by dairy product manufacturers (up 3.1 percent) in the latest quarter.On a yearly basis, producer rice outputs climbed 4.0 percent after gaining 3.8 percent in Q1, while inputs added 3.1 percent after rising 2.8 percent in the previous three months.On a yearly basis, the output electricity and gas supply price index rose 2.8 percent, while inputs rose 0.7 percent.The prices received by the dairy cattle farming industry surged 47 percent, and the prices paid by the dairy product manufacturing industry spiked 39 percent.Also on Monday, the bureau said that capital goods prices in New Zealand were up 0.6 percent on quarter in Q1.The major upward contributions to the capital goods price index came from the residential buildings price index (up 1.1 percent), and the non-residential buildings price index (up 0.8 percent).The gains were offset by a decrease in the price index for transport equipment (down 0.4 percent). The appreciating New Zealand dollar against most key currencies also influenced this price change.On a yearly basis, the CGPI rose 2.1 percent. The increases for residential buildings (up 4.6 percent) and non-residential buildings (up 3.5 percent) were the highest since 2008, the bureau noted.Finally, the Performance of Services Index came in with a score of 58.9 in April, up from the upwardly revised 58.5 in March (originally 58.3) - and accelerating above the line of 50 that separates expansion from contraction.
MetaTrader Trading Platform Screenshots
NZDUSD, M5, 2014.05.19
MetaQuotes Software Corp., MetaTrader 5, Demo
NZDUSD M5 : ~ 0 pips price movement by NZD - PPI news event
newdigital, 2014.05.17 11:16
newdigital, 2014.05.17 18:11
newdigital, 2014.05.18 15:29
newdigital, 2014.05.22 10:08
if actual > forecast = good for currency (for CNY in our case)
CNY - HSBC Manufacturing PMI = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
China Manufacturing PMI Jumps To 49.7 - HSBC
An index monitoring manufacturing activity in China came in with a
score of 49.7 in May, the latest flash estimate from HSBC and Markit
Economics revealed on Thursday.
That topped forecasts for a score
of 48.3 and was up sharply from 48.1 in April - and while it does remain
below the line of 50 that separates expansion from contraction, the May
reading represents a five-month high.
"The improvement was
broad-based with both new orders and new export orders back in
expansionary territory. Disinflationary pressures also eased over the
month and output prices increased for the first time since November
2013," said HSBC Chief Economist, China & Co- Head of Asian Economic
Research Hongbin Qu.
Among the individual components of the
survey, the index for manufacturing output came in at 50.3 - up from
47.9 in April to a four-month high.
The index for new orders swung
to expansion from contraction a month earlier - as did new export
orders, output prices, stocks of purchases and quantity of purchases.
of work continued to contract, but at a slower pace - as did input
prices. The employment index declined at a faster pace, while stocks of
finished goods turned to contraction after expanding last month.
Suppliers' delivery times lengthened in May after showing no change in the previous month.
employment index fell further to 47.3, which implies that this month's
uptick in sentiment has not yet filtered through to the labor market.
Some tentative signs of stabilization are emerging, partly as a result
of the recent mini-stimulus measures and lower borrowing costs. But
downside risks to growth remain, particularly as the property market
continues to cool. We think more policy easing is needed to put a floor
under growth in the coming months," Hongbin said.
NZDUSD, M5, 2014.05.22
NZDUSD M5 : 30 pips price movement by CNY - HSBC Manufacturing PMI news event
Something Interesting in Financial Video May 2014
newdigital, 2014.05.22 20:15
The AB=CD Pattern - Harmonic Ratios and Explanation
Alternative AB=CD Pattern
newdigital, 2014.05.23 18:35
The Crab Pattern - Harmonic Ratios and Explanation :
The Deep Crab Pattern - Harmonic Ratios and Explanation :
The charts were made by using free HWAFM tool for Metatrader 5