D1 price is on primary bullish with secondary ranging:
is on primary bearish with trying to break 1306.82 resistance level for the price to be reversed from bearish to the primary bullish market condition on weekly timeframed chart
is on bearish with secondary market rally which was started on open monthly bar:
If D1 price will break 1251.80 support level on close bar so the secondary correction will be started within the primary bullishIf D1 price will break 1306.82 resistance level so the bullish trend will be continuingIf not so the price will be ranging between 1251.80 and 1306.82 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on XAUUSD price movement for this coming week)
2015-02-02 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2015-02-02 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Spanish Unemployment Change]
2015-02-06 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Non-Farm Employment Change]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on XAUUSD price movement
SUMMARY : bullishTREND : ranging
Here is the product, which truly reveals all the computing and graphical capabilities of the MetaTrader terminal.
The TrendNavigator indicator helps you take the most effective trading decisions, features stunning accuracy, unlimited graphical capabilities and highly developed notification service.
3D graphics 4 unique trend determining algorithms 5 types of notifications of trend change which appear as Buy and Sell signals Very high accuracy Shows local lows and highs Free notification
This Expert Advisor trades news on any timeframe.
The news are downloaded from the Forex Factory website. Make sure to add the URL to the terminal settings.
The EA is launched on a single chart and defines all necessary pairs for trading on its own.
The robot works with pending orders setting two Buy stop and Sell stop orders before a news release.
It determines the time zones of the calendar and terminal automatically. Make sure to add the time.is URL to the terminal settings.
The EA can b
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Trade Channel Indicator DCMV
The DCMV Indicator calculates the following Channel characteristics:
Channel Bounds (for TP and SL). It's assumed that price will never go outside the channel.Center Line of the Channel.Settlement price (with probability 90% the price will return to this line).Reference line (used for detection of trend).Upper and Lower breakborder. Used for generation of trade signals: channel breakout (trend strategies), false breakouts (flat strategies).Usage:
The indicator pro
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity.
Energy direction (positive or negative) is defined by ROC direction.
Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
The indicator is based on readings of two oscillators: Bulls Power and Bears Power. It clearly shows the balance of buyers and sellers power. A signal for entering a deal is crossing the zero line and/or a divergence. When the volume filter is enabled, yellow histogram bar shows low trading volume (below average for 50 previous bars).
Period - calculation period, 13 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; Filter by volume -
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
DCMV Trade Channel Oscillator
The indicator calculates the values of DCMV trade channel oscillator:
Trade channel width. The value of trade channel depends on the trend (it increases at start of the trend and has the maximum values at end of the trend). The value of trade channel decreases at flat movement. The lowest values of channel width indicates the high probability of the very strong price movement.
The +DC line shows the "bulls" power. The -DC line shows the "bears" power. Th
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 indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
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
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
This indicator calculates (Hourly, Daily, Weekly, Monthly) pivot point, support and resistance price with different formulation (Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci) and then adds lines on the chart. Line color and style can be changed with input parameters. And you can choose alert type (Alarm activated when price reach any pivot price).
1. Calculation Method Option (Method = Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci).
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.
Run the script on a chart.
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
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
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.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
MultiRSI indicator is a combined RSI indicator for several currencies allowing users to analyze their group movement.
Like all indicators of that kind, it helps identify the currency that is currently the most deviated from the market's general movement, as well as the most oversold or overbought currency in the cluster analyzed by RSI oscillator.
For example, the screenshots display the cluster of 7 currencies with Euro as a base one: EURUSD, EURGBP, EURCHF, EURAUD, EURCAD, EURJPY and EURNZD.
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
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.
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.
The TrendX is a technical indicator which allows to determine not only the movement direction of the market, but also to identify the flat areas.
It is based on the CCI indicator and a combination of price patterns.
The indicator works on all symbols and timeframes.
Two parameters allow to customize the indicator as needed, PERIOD is the period of CCI and T_Value is the significance of the trend.
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance li
The Trend Strength is now available for the MetaTrader 5.
This indicator determines the strength of a short-term trend using the tick history that is stores during its operation.
The indicator is based on two principles of trend technical analysis:
The current trend is more likely to continue than change its direction. The trend will move in the same direction until it weakens.The indicator works on the M30, H1, H4 and D1 timeframes.
It is easy to work with this indicator both in manu
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each.
A user can choose colors for the indicator lines.
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
I like to use a chart with Ichimoku on it just as a check for significant support and resistance. The weekly chart shows that it might be tough to go a lot higher .
Thanks for these.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.01.31 10:11
Forex Weekly Outlook February 2-6 (based on forexcrunch article)
US ISM Manufacturing PMI, Rate decision in Australian and the
UK, US Trade Balance and important employment data including the big NFP
event. These are forex market movers for this week. Check out these
events on our weekly outlook
newdigital, 2015.01.31 14:43
Gold forecast for the week of February 2, 2015, Technical Analysis
The gold markets
fell during most of the week, but found the $1250 level to be
supportive enough to turn things back around and form a hammer. That
being the case, it looks like the market is fairly well supported and as
a result should continue to go higher over the longer term. Because of
that we are buyers of gold for longer-term moves, and believe that it’s
only a matter of time before we break out to the upside and perhaps head
as high as $1400 going forward.
newdigital, 2015.02.02 08:56
Gold To Trade Flat, Palladium To Outperform In 2015 (adapted from kitco article)
The London Bullion Market Association (LBMA) rounded up a panel of
experts to forecast precious metal prices in 2015 -and while prospects
may be neutral for gold they are bullish for silver, platinum and
he panel, made up of analysts from various banks and research firms
worldwide, is predicting that the gold price will remain broadly flat
for the year, with an average forecast of $1,211 an ounce. Ross Norman
of Sharps Pixley is the most bullish analyst with a gold forecast of
$1,321 and Adam Myers of Crédit Agricole, London was the most bearish
However, the market experts are forecasting
silver to have an average price of $16.76/oz., platinum $1,294/oz. and
palladium at $838.40 for the year. This marks a 2.1% increase for
silver from last year’s price projections, a 5.6% increase for platinum
and a 5.3% hike for palladium.
The reasons cited by the experts for the
restrained gold price were the possible strengthening in the U.S.
dollar, interest rate hikes by the Federal Reserve in the second half of
2015, quantitative easing in Europe and a weak oil price reducing
gold’s attraction as a hedge against inflation.
newdigital, 2015.02.01 19:22
Forex - Weekly outlook: February 2 - 6 (based on investing.com article)
The U.S. dollar was mostly lower against its major counterparts on
Friday, as investors reacted to data showing the U.S. economy grew less
than expected in the fourth quarter.The Commerce Department said
in a report that the economy expanded 2.6% in the final three months of
2014, below expectations for a 3.0% gain and slowing sharply from
growth of 5.0% in the three months to September. The U.S. dollar index,
which measures the greenback’s strength against a trade-weighted basket
of six major currencies, ended the week at 95.00, down 0.01% for the
day and 0.33% lower on the week.The dollar slid lower against the safe haven yen, with USD/JPY down 0.69% to 117.50 in late trade, amid weakness in U.S. equities following the lackluster GDP data.The Dow Jones fell 251.90 points, or 1.45%, while the S&P 500 declined 26.26 points, or 1.3%.Meanwhile, the euro
was under pressure after data showed that deflation in the single
currency bloc deepened in January and amid growing concerns over
Greece's future in the euro zone.Eurostat said that the annual
rate of euro zone inflation fell by 0.6% in January, after a 0.2% slip
in December. Economists had expected an annual decline of 0.5%.Greece’s
new government said it will not cooperate with the International
Monetary Fund and the European Union and will not seek an extension to
its bailout program, underlining fears over a clash with its
international creditors.The Canadian dollar
was also hard-hit after Statistics Canada said the country's gross
domestic product fell 0.2% in November, compared to expectations for a
0.1% downtick and after a 0.3% gain in October. The Australian dollar
weakened to a five-and-a-half year low against the greenback amid
growing expectations for an interest rate cut in Australia next week. Elsewhere,
the Swiss franc strengthened against the other major currencies on
Friday, amid heightened expectations for further intervention by the
Swiss National Bank in the currency market (USD/CHF, EUR/CHF).Meanwhile, the dollar rallied 1.74% against the Russian rouble
to end at 70.05 after Russia's central bank unexpectedly cut its
benchmark interest rate to 15.0%, one month after surprising markets by
hiking rates to 17.0%.In the commodities market, oil prices
scored their biggest one-day gain since June 2012 amid indication that
U.S. producers may be pulling back on new production in response to low
prices.Nymex oil futures surged $3.71, or 8.33%, to $48.24 a barrel, while London-traded Brent prices soared $3.86, or 7.86%, to $52.99.Gold
was also well-supported, with prices tacking on $23.30, or 1.86%, to
close at $1,279.20 following the release of weaker than expected U.S.
GDP data. In the week ahead, investors will be turning their
attention to Friday’s U.S. nonfarm payrolls report for further
indications on the strength of the recovery in the labor market.Central bank policy meetings in the U.K. and Australia will also be in focus.Monday, February 2
Tuesday, February 3
Wednesday, February 4
Thursday, February 5
Friday, February 6
newdigital, 2015.02.02 18:55
Gold Slips as Crude Oil Prices Rebound (based on wsj article)
Gold futures eased Monday as higher oil prices tempered investor appetite for haven assets.
most actively traded gold contract, for April delivery, was recently
down $4.50, or 0.4%, at $1,274.70 a troy ounce on the Comex division of
the New York Mercantile Exchange.
Gold has drawn support from
tumbling crude-oil prices in recent weeks, as concerns about the impact
on the wider energy market sent investors in search of ways to protect
their wealth. Some traders view gold as a haven from political and
economic turbulence, believing it will keep its value better than other
On Monday, oil prices rebounded, with the U.S. benchmark
recently trading up 36 cents, or 0.8%, at $48.60 a barrel on the Nymex.
“The rally in oil took some of the pressure off the reasons to
buy gold,” said Ira Epstein, a broker with the Linn Group in Chicago.
Epstein added that the recent surge in gold prices, which took futures
up 8% in January, made the market vulnerable to correct lower as
investors move to lock in profits.
“This is a necessary pullback, but it’s not showing any signs that the rally is over,” he said.
gold’s slide was limited by weaker U.S. economic data. The ISM
manufacturing purchasing managers’ index fell to 53.5 in January from
55.1 in December, and missed forecasts of 54.3. A reading above 50
points to expansion in factory activity, while a print below that level
The data underscore the uneven nature of
the U.S. economic recovery, which has struggled to fire on all cylinders
since the 2008 financial crisis.
newdigital, 2015.02.03 05:46
Chinese banks to join new gold fix from March (based on ft article)
replacement for the near-century-old London gold fix will start in
March, with the hope of attracting at least 11 members, including
Chinese banks for the first time.
UK financial authorities are undertaking an
assessment of financial benchmarks in the wake of a series of scandals,
including over the gold fix.
The presence of Chinese banks would give the world’s second-largest consumer of the precious metal a greater say in the global gold price. Participants in the fix aggregate orders from clients on to a platform to determine the price.
“Interest has been very positive and creates a more diverse pool of
participants, which includes Chinese banks,” said Ruth Crowell, chief
executive of the London Bullion Market Association, a trade body for
London’s gold and silver markets.
newdigital, 2015.02.03 10:15
Gold Price Forecast Based on Algorithms: An Average Return Of 1.23% In 14 Days (based on gold-prediction article)
newdigital, 2015.02.04 06:53
Gold Miners Are Off To A Hot Start In 2015 -- But That's Just The Beginning (based on forbes article)
The story has a lot less to do with the printing of money and money
supply that traditionally drives gold and gold miners and more with the
fact that the mineral in and of itself has not been found despite all
the billions of dollars that have been put into discovery of gold over
the last ten years.
In fact, the number of working mines is down to almost zero from 20
to 25 in 1995. So the real story is the fact that you’re not finding any
new supply. Cash costs are high now, because you’re trying to extract
the greatest grades. The industry in and of itself has done an
extraordinarily poor job of asset allocation over the years with
misallocation of capital and losing money on mines.
They seem to buy high, sell low and dilute their shareholders. They
hedge at the wrong times. For all those reasons, these companies have
been put at massive discounts to what I think is any kind of rational
value. So the net sum of those dynamics that I just described leads me
to believe that the question an investor needs to ask is, “How is a gold
miner going to replenish their reserves?”
newdigital, 2015.02.05 05:41
Gold Price Today Sees Modest Gains – Higher Move on the Horizon (based on moneymorning article)
The gold price
jumped $10, or 0.80% to $1,271 an ounce in morning trading. The gains
came despite typical headwinds for the yellow metal: a stronger dollar
and slipping oil prices.
The yellow metal gave back some of those gains in the afternoon
session. Just before 1 p.m., gold was hanging on to a $2.70 rise at
This follows gold's sharp decline on Tuesday. Gold slumped $18.80, or
1.3%, yesterday as investors' appetite for riskier assets, including
stocks, increased. The Dow Jones Industrial Average added $305.36, or 1.8%, Tuesday as oil continued to march over $50 a barrel
There were three factors boosting gold prices: