D1 price is on primary bullish stopped by 0.8834 resistance level.
is on flat with ranging between 0.8793 support and 0.8832 resistance with primary bullish.
W1 price is on primary bullish crossing 0.8793 resistance level on open bar for now.
D1 price will break 0.8834 resistance level so the primary bullish will be continuing (good for trend following trading systems)If
D1 price will break 0.8713 support so we may see the secondary correction within primary bullish (good for counter trend systems).If not so D1 price will be ranging within 0.8834 resistance and 0.8713 support levels (good for martingale and scalping strategies).
UPCOMING EVENTS (high/medium impacted news events which may be affected on NZDUSD price movement for this coming week)
2014-07-15 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Retail Sales]
2014-07-15 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Testifies]
2014-07-15 22:45 GMT (or 00:45 MQ MT5 time) | [NZD - CPI]
2014-07-16 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - GDP]
2014-07-16 12:30 GMT (or 14:30 MQ MT5 time) | [USD - PPI]
2014-07-16 13:00 GMT (or 15:00 MQ MT5 time) | [USD - TIC Long-Term Purchases]
2014-07-16 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Testifies]
2014-07-16 16:00 GMT (or 18:00 MQ MT5 time) | [USD - FOMC Member Fisher Speech]
2014-07-17 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Building Permits]
2014-07-17 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Philly Fed Manufacturing Index]
2014-07-18 13:55 GMT (or 15:55 MQ MT5 time) | [USD - UoM Consumer Sentiment]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on NZDUSD price movement
SUMMARY : bullish
TREND : bullish
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
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Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
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In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
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MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
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The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
Does not support hedging orders on a single symbol on MT5
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Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
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Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
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Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
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Fast Volume Moving Average Slow
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Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
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Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.07.11 17:53
newdigital, 2014.07.14 09:44
2014-07-13 22:03 GMT (or 00:03 MQ MT5 time) | [NZD - REINZ HPI]
if actual > forecast = good for currency (for NZD in our case)
[NZD - REINZ HPI] = Change in the selling price of all homes. It's a leading indicator of the housing industry's health because rising
house prices attract investors and spur industry activity
Acro Expand = Real Estate Institute of New Zealand (REINZ), House Price Index (HPI).
New Zealand Performance Of Services Index Rises To 54.7 In June
New Zealand's services sector expanded at an accelerated pace in
June, the latest survey from Business New Zealand revealed on Monday -
showing an index score of 54.7.
That's up from a downwardly revised 54.1 in May (originally 54.2).
A score above 50 signals expansion in a sector, while a reading below 50 means contraction.
the individual components of the survey, all five elements expanded,
including supplier deliveries, new orders, stock inventories, sales and
"Many economic indicators have been going gangbusters
over the past 12 months, pointing to strong growth," Bank of New Zealand
economist Doug Steel said. "More recently, there have been a few
hinting at some degree of cooling, but to levels that are still above
NZDUSD M5 : 9 pips range price movement by NZD - REINZ HPI news event:
newdigital, 2014.07.13 16:02
NZDUSD Fundamentals (based on dailyfx article)
The NZD/USD remains at risk of marking fresh record-highs ahead of the
next Reserve Bank of New Zealand (RBNZ) policy meeting on July 23 as
the economic docket is expected to show heightening price pressures
across the region.
Indeed, the headline reading for New Zealand inflation is expected to
increase an annualized 1.8% in the second-quarter, which would mark the
fastest pace of growth since the last three-months of 2011, and
heightening price pressures may generate a further advance in the
exchange rate as it fuels interest rate expectations. According to
Credit Suisse overnight index swaps, market participants are pricing a
90% chance for another 25bp rate hike in July, but we may see the RBNZ
take a more aggressive approach in normalizing monetary policy as the
stronger recovery raises the risk for inflation.
RBNZ Assistant Governor John McDermott warned that the central bank
will aim for ‘low and stable inflation’ as the central bank raises its
outlook for growth, and the stronger recovery should continue to
heighten the appeal of the New Zealand dollar, especially as Fitch
Ratings raising its credit rating outlook for the region. With that
said, the positive developments coming out of the region may continue
to limit the downside risk for the NZD/USD, and we may see the RBNZ do
little to halt the advance in the local currency as it helps the
central bank to achieve price stability.
As a result, we will retain a bullish outlook for the NZD/USD as it
approaches the 2011 high (0.8841), and we will continue to look for
opportunities to ‘buy dips’ ahead of the RBNZ interest rate decision
should the inflation report further boost interest rate expectations.
newdigital, 2014.07.15 16:43
[USD - Fed Chair Yellen Testifies] = Due to testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC. As head of the central bank, which controls short term interest rates,
she has more influence over the nation's currency value than any other
person. Traders scrutinize her public engagements as they are often used
to drop subtle clues regarding future monetary policy
4 top takeaways from Fed chair Janet Yellen’s testimony to Senate Banking Committee
YELLEN ON POLICY OUTLOOK
“In sum, since the February Monetary Policy Report,
further important progress has been made in restoring the economy to
health and in strengthening the financial system. Yet too many Americans
remain unemployed, inflation remains below our longer-run objective,
and not all of the necessary financial reform initiatives have been
completed. The Federal Reserve remains committed to employing all of its
resources and tools to achieve its macroeconomic objectives and to
foster a stronger and more resilient financial system.”
YELLEN ON LABOR MARKET CONDITIONS
“The FOMC is committed to policies that promote maximum
employment and price stability, consistent with our dual mandate from
the Congress. Given the economic situation that I just described, we
judge that a high degree of monetary policy accommodation remains
Labor force participation appears weaker than one would expect based on
the aging of the population and the level of unemployment. These and
other indications that significant slack remains in labor markets are
corroborated by the continued slow pace of growth in most measures of
YELLEN ON INFLATION
“Consistent with the anticipated further recovery in the
labor market, and given that longer-term inflation expectations appear
to be well anchored, we expect inflation to move back toward our 2%
objective over coming years.”
YELLEN ON ECONOMIC GROWTH
MetaTrader Trading Platform Screenshots
NZDUSD, M5, 2014.07.15
MetaQuotes Software Corp., MetaTrader 5, Demo
NZDUSD, D1, 2014.07.16
InstaForex Companies Group, MetaTrader 5, Demo
newdigital, 2014.07.15 19:34
Trading the News: New Zealand Consumer Price Index
Heightening price pressures in New Zealand may push the NZD/USD to fresh
record-highs as it puts increased pressure on the Reserve Bank of New
Zealand (RBNZ) to take a more aggressive approach in normalizing
Why Is This Event Important:
Indeed, RBNZ Governor Glenn Stevens may sound increasingly hawkish at
the July 23 policy meeting as the faster recovery raises the risk for
inflation, and the central bank may do little to halt the ongoing
appreciation in the local currency as it helps to achieve price
Rising input prices along with the pickup in household confidence may
encourage New Zealand firms to pass on higher costs, and a
stronger-than-expected CPI print may heighten the bullish sentiment
surrounding the kiwi as it fuels bets for additional rate hikes in the
second-half of 2014.
Nevertheless, the headline reading for inflation may disappoint amid
subdued wage growth paired with the slowdown in private consumption, and
a dismal inflation print may spark a larger correction in the NZD/USD
as it drags on interest rate expectations.
How To Trade This Event Risk
Bullish NZD Trade: 2Q CPI Climbs 1.8% or Greater
NZDUSD M5 : 46 pips price movement by NZD - CPI news event :
newdigital, 2014.07.16 08:46
NZ Dollar Falls on CPI Miss, Aussie Dollar Down After China GDP Data
The New Zealand Dollar
underperformed in overnight trade, sliding as much as 0.7 percent on
average against its leading counterparts. The move followed
figures for the second quarter. The baseline year-on-year inflation
rate registered at 1.6 percent, falling short of consensus forecasts
calling for a 1.8 percent result. That seemingly undermined RBNZ rate
hike expectations, with the slide in the Kiwi tracking a parallel move lower in the New Zealand’s benchmark 10-year bond yield.
The Australian Dollar likewise traded lower, losing as much as 0.24 percent against the majors. Curiously, the move followed an upbeat set of Chinese GDP
figures. Output grew 2.0 percent in the second quarter, topping bets
calling for a 1.8 percent increase. Supportive Chinese data might have
been expected to boost the Aussie considering the East Asian giant is
Australia’s top trading partner, meaning firming performance there bodes
for the latter country’s pivotal export sector.
The newswires chalked up this apparent disparity to
concerns that the Chinese economy’s recovery was unsustainable,
suggesting seemingly sharp credit expansion rather than hard growth is
behind the rosy headline GDP reading. Fading stimulus expansion bets
were likewise cited, with investors apparently worried that the
second-quarter data set will discourage further expansionary policy.
Needless to say, it is all but impossible to tell with absolute
certainty why the markets were unimpressed and the Aussie fell. In any
case, we remain short AUDUSD.
June’s UK Jobless Claims
figures headline the economic calendar in European hours. Expectations
call for a 27,000 drop in new applications for unemployment benefits,
which would mark the smallest drawdown in 13 months. Absent a dramatic
deviation from expectations, the outcome may pass with little fanfare
considering its relatively limited implications for BOE monetary policy
bets and thereby for the British Pound. Meanwhile, technical positioning warns GBPUSD may be carving out a top below the 1.72 figure.
The spotlight then shifts to US policy concerns as Fed Chair Janet Yellen
testifies before Congress for a second day, this time appearing before
the House of Representatives having talked to the Senate yesterday. The
central bank chief’s prepared remarks are likely to sound familiar and
offer little impetus for volatility. The Q&A session that follows
might produce some fireworks if lawmakers manage to squeeze out anything
about the likely timing of interest rate hikes however, prompting a
response from the US Dollar.
Consumer Prices Index (QoQ) (2Q)
Westpac Leading Index (MoM) (JUN)
GDP (QoQ) (2Q)
GDP (YoY) (2Q)
GDP YTD (YoY) (2Q)
Retail Sales (YoY) (JUN)
Retail Sales YTD (YoY) (JUN)
Industrial Production (YoY) (JUN)
Industrial Production YTD (YoY) (JUN)
Fixed Assets Ex Rural YTD (YoY) (JUN)
Jobless Claims Change (JUN)
Claimant Count Rate (JUN)
ILO Unemployment Rate (3Mths) (MAY)
Employment Change (3M/3M) (MAY)
Avg Weekly Earnings (3M/(YoY) (MAY)
Weekly Earnings ex Bonus (3M/(YoY) (MAY)
Euro-Zone Trade Balance (€) (MAY)
Euro-Zone Trade Balance s.a. (€) (MAY)
ZEW Survey (Expectations) (JUL)
newdigital, 2014.07.13 16:03
The NZD/USD pair broke above the 0.88 level during the previous week,
suggesting that a break out was in the process of happening. If we can
break above the top of the range for the week, we believe that this
market will continue to head towards the 0.90 level. That level is the
next resistance barrier that we can see on the longer-term charts, so
therefore that’s where the market should head towards. We see a
significant amount of support below as well, so really it’s not likely
we find an opportunity to sell.
newdigital, 2014.07.17 14:44
if actual > forecast = good for currency (for USD in our case)
[USD - Building Permits] = Annualized number of new residential building permits issued during the previous month. It's an excellent gauge of future construction activity because
obtaining a permit is among the first steps in constructing a new
U.S. Housing Starts Unexpectedly Show Sharp Drop In June
New residential construction in the U.S. unexpectedly showed a steep
drop in the month of June, the Commerce Department revealed in a report
on Thursday, with housing starts falling to a nine-month low.
Commerce Department said housing starts tumbled 9.3 percent to an
annual rate of 893,000 in June from the revised May estimate of 985,000.
sharp drop came as a surprise to economists, who had expected housing
starts to climb to 1.020 million from the 1.001 million originally
reported for the previous month.
Building permits, an indicator
future housing demand, also fell 4.2 percent to an annual rate of
963,000 in June from the revised May rate of 1.005 million.
NZDUSD, M5, 2014.07.17
NZDUSD M5 : 14 pips price movement by USD - Building Permits news event