Daily price is on bearish market condition located near and below 100 period SMA (100 SMA) and 200 period SMA (200 SMA). The price is ranging within the following key reversal support/resistance levels:
Two bearish triangle patterns were created by the price to the crossed for the bearish trend to be continuing, and RSI indicator is estimating the ranging condition by direction.
Weekly price is on bearish market condition located to be below 100
period SMA (100 SMA) and 200 period SMA (200 SMA). The price is ranging
within the following key support/resistance levels:
The key reversal resistance level for weekly price is Fibo resistance at 1.1713, and if the price breaks this level to above on close weekly bar so the reversal to the primary bullish condition will be started with the secondary ranging. One bearish triangle pattern was created by the price to the crossed for
the bearish trend to be continuing, and RSI indicator is estimating the
ranging bearish condition in the future.
Monthly price is on bearish condition for the ranging within the following key support/resistance levels:
key reversal resistance level for monthly price is 50.0%
Fibo resistance at 1.2224, and if the price breaks this level to above so the global reversal of EUR/USD price to the bullish condition will be started.
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.12.29 08:27
EUR/USD Technical Analysis: Waiting to Confirm Head and Shoulders Pattern Before Triggering Short Trade (based on the article)
As we see from the chart above - the weekly price is on primary bearish market condition to be below 100 SMA/200 SMA, and 1.0803 support is 23.6% Fibo level which is located near and below the market price for now.
The bullish reversal resistance level is Fibo resistance at 1.1812, and if the price breaks it to above so the reversal of the price movement from the primary bearish to the primary bullish condition will be started.
By the way, the bearish 'reversal' level for this timeframe is Fibo support at 1.0520, and the price will be continuing with the bearish condition by breaking this level to below.
Sergey Golubev, 2015.12.29 14:51
EUR/USD Intra-Day Fundamentals - International Trade in Goods and 38 pips price movement
2015-12-29 13:30 GMT | [USD - International Trade in Goods]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - International Trade in Goods] = Difference in value between imported and exported goods during the reported month.
EURUSD M5: 38 pips price movement by USD - International Trade in Goods news event :
Sergey Golubev, 2015.12.29 17:10
EUR/USD Intra-Day Fundamentals - Consumer Confidence and 12 pips price movement
2015-12-29 15:00 GMT | [USD - Consumer Confidence]
[USD - Consumer Confidence] = Level of a composite index based on surveyed households.
EURUSD M5: 12 pips price movement by USD - Consumer Confidence news event :
Central Bank Calendar 2016
Mohammad Soubra, 2015.12.30 01:30
Sergey Golubev, 2015.12.30 11:41
EUR/USD Intra-Day Fundamentals - M3 Money Supply and 8 pips price movement
2015-12-30 09:00 GMT | [EUR - M3 Money Supply]
if actual > forecast (or previous one) = good for currency (for JPY in our case)
[EUR - M3 Money Supply] = Change in the total quantity of domestic currency in circulation and deposited in banks. It's positively correlated with interest rates - early in the economic
cycle an increasing supply of money leads to additional spending and
investment, and later in the cycle expanding money supply leads to
"The annual growth rate of the broad monetary aggregate M3 decreased to 5.1% in November 2015, from 5.3% in October, averaging 5.1% in the three months up to November. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate including currency in circulation and overnight deposits (M1) decreased to 11.2% in November, from 11.8% in October. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was less negative at -4.1% in November, from -4.3% in October. The annual growth rate of marketable instruments (M3-M2) decreased to 2.6% in November, from 3.1% in October."
EURUSD M5: 8 pips price movement by EUR - M3 Money Supply news event :
EUR/USD Intra-Day Technical Analysis - wranging within bearish/bullish reversal levels
is located near and below SMA with period 100 (100 SMA) and SMA with the period
200 (200SMA) with the bearish market condition ranging within the following key reversal support/resistance levels:
RSI indicator is estimating the ranging bearish condition to be continuing.
SUMMARY : ranging
Sergey Golubev, 2016.01.01 20:05
6 month forecast by Citi group for US Dollar, Forex and Gold (based on the article)
Sergey Golubev, 2016.01.03 13:30
Forex Weekly Outlook January 4-8 (based on the article)
2016 begins with a busy calendar: Canadian employment data,
US PMIs, Trade Balance, FOMC Meeting Minutes and employment data
culminating with the Non-Farm Payrolls. In addition, liquidity is set to
return after the holiday season. These are the highlights opening 2016.
Join us as we explore these market-movers.
U.S. consumer confidence edged up to 96.5 from 92.6 in November,
beating market forecasts. Current conditions improved from 110.9 to
115.3 and the Expectations Index improved to 83.9 from 80.4 in November.
Overall, consumers’ assessment of the current state of the economy
remains positive. Meanwhile Jobless claims increased 20,000 during the
holiday week due to temporary holiday factors. Economists expected a
rise of 270,000. Analysts expect a slower pace of job market improvement
in 2016 despite the low unemployment rate.
EURUSD Intra-Day Technical Analysis - ranging bearish on reversal
is on primary bearish market condition for the ranging within the following key support/resistance levels:
Chinkou Span line is below the price indicating the bearissh ranging trend to be continuing, and descending triangle pattern was formed by the price for the bearish breakdown in the near future. Trend Strength indicator is estimating the bearish trend, and Absolute Strength indicator is forecasting the bear market rally to be started.
H4 price will break 1.0827 support level on close H4 bar so the primary bearish trend will be continuing.If H4 price will break 1.0992 resistance level so we may see the reversal to the primary bullish
condition.If not so the price will be ranging within the levels.
SUMMARY : bearish
Sergey Golubev, 2016.01.04 11:01
EUR/USD Technical Analysis: daily ranging on reversal; weekly AB=CD pattern for the bearish to be continuing (adapted from the article)