Forum on trading, automated trading systems and testing trading strategies
Asif Naveed, 2016.07.27 11:15
TENDENCY FOR THE WEEK
TENDENCY FOR THE MONTH
Sergey Golubev, 2016.08.02 11:41
GBP/USD Intra-Day Fundamentals: U.K. Construction PMI and 57 pips range price movement
2016-08-02 08:30 GMT | [GBP - Construction PMI]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Construction PMI] = Level of a diffusion index based on surveyed purchasing managers in the construction industry.
GBP/USD M5: 59 pips range price movement by U.K. Construction PMI news event
Sergey Golubev, 2016.08.04 13:12
GBP/USD Intra-Day Fundamentals: BoE Official Bank Rate and 165 pips price movement
2016-08-04 11:00 GMT | [GBP - Official Bank Rate]
if actual > forecast (or previous one) = good for currency (for AUD in our case)
[GBP - Official Bank Rate] = Interest rate at which the BOE lends to financial institutions overnight.
GBP/USD M5: 165 pips price movement by BoE Official Bank Rate news event
GBP/USD Intra-Day Technical Analysis - bearish reversal breakdown with 1.3057 level as a target
H4 price broke Ichimoku cloud together with symmetric triangle pattern to below for the breakdown with the bearish reversal: the price is testing 1.3111 support level to below for the bearish breakdown to be continuing with 1.3057 bearish target.
Absolute Strength indicator is evaluating the intra-day bearish trend to be started, and Chinkou Span line of Ichimoku indicator is estimating the breakdown to be continuing.
SUMMARY : breakdown
Sergey Golubev, 2016.08.05 14:53
2016-08-05 12:30 GMT | [USD - Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
"Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down."
GBP/USD M5: 127 pips price movement by Non-Farm Payrolls news event
H4 price broke 100 SMA for the bearish breakdown: the price is testing 1.3020 support level for the bearish breakdown to be continuing. Alternative, if the price breaks 1.3371 resistance level to above on close H4 bar so the bullish reversal will be started, otherwise - ranging bearish.
The most likely scenario for H4 price movement is the following: the price will be on the primary bearish market condition on the secondary ranging way for whole next week for example.
GBPUSD August-September 2016 Forecast: weekly bearish with 1.2794 support level
is located far below 100 SMA/200 SMA reversal area on primary bearish market condition with 1.2794 support level to be tested for the bearish trend to be continuing:
If the price breaks 1.2794
support level on weekly close bar so the primary bearish trend will be continuing.If the price breaks 1.3480 resistance level to above on weekly bar so the local uptrend as the bear market rally will be started.If the price breaks 1.5444
resistance level so the reversal of the weekly price movement to the primary bullish market condition will be started.If not so the price will be on bearish ranging within the levels.
SUMMARY : bearish
Sergey Golubev, 2016.08.12 17:17
Intra-Day Fundamentals - EUR/USD, GBP/USD and AUD/USD: U.S. Advance Retail Sales
2016-08-12 12:30 GMT | [USD - Retail Sales]
[USD - Retail Sales] = Change in the total value of sales at the retail level.
Sergey Golubev, 2016.08.17 11:06
GBP/USD Intra-Day Fundamentals: U.K. Jobless Claims and 58 pips range price movement
2016-08-17 08:30 GMT | [GBP - Jobless Claims]
if actual < forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Jobless Claims] = Change in the number of people claiming unemployment-related benefits during the previous month.
GBP/USD M5: 58 pips range price movement by U.K. Jobless Claims news event
GBP (Great British Pound) Bullish
illjoker Bond, 2016.08.17 22:14
Sterling has been going for a great price since the Brexit. England has been importing massive amounts of gold since then which might be why it has been slow to gather its' strength at these phenomenal prices. It supported at its' post-Brexit lows almost exactly, a boon of confidence for bulls I'm sure.
At the moment I think the price is satisfactory to buy for the long-term as I figure it has more potential upside than downside within a 2 year period. In the moderate term I think it could go either way, plausible upside vs. plausible downside are somewhat equivalent although I think in the 3-month time frame it's likely to move up a few percentage points. In the short-term the case can be made for bulls as it pulled off a substantial intra-day rally against the US dollar.
I think one of the most risk-averse strategies for trading the GBP is to buy it against the JPY, USD and EUR by averaging down, selling positions for a profit and holding for the long-term if need be. I'm capable of tactical technical trading as well.
How does mlq5 trade the pound?
Sergey Golubev, 2016.08.26 10:49
GBP/USD Intra-Day Fundamentals: Second Estimate U.K. Gross Domestic Product and 19 pips range price movement
2016-08-26 08:30 GMT | [GBP - GDP]
[GBP - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
GBP/USD M5: 19 pips range price movement by Second Estimate U.K. Gross Domestic Product news event