Daily price is located above Ichimoku cloud in the bullish area of the chart.
If D1 price breaks 1.2909
support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started with 1.2763 nearest daily bearish target to re-enter.If D1 price breaks 1.3235
resistance level on close bar from below to above so the bullish trend will be continuing with 1.3253 level as a target.If not so the price will be on bullish ranging within the levels.
SUMMARY : breakout
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.09.17 11:59
Fundamental Weekly Forecasts for Dollar Index, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/CNH and GOLD (based on the article)
USD/CAD - "The heavy economic data points
this week will take place on Friday, which will be after the dust
settles from the international development such as the Central Bank
triple-header on September 21. On Tuesday, Bank of Canada Governor
Stephen Poloz will be speaking in Quebec City, which will be followed by
a press conference. Friday will provide the Canadian Dollar an
opportunity to reverse its trend of negative economic surprises with
Retail Sales (exp. -0.1 MoM), and the Consumer Price Index (exp. 1.3% YoY.) Because this is the key gauge for inflation in Canada,
a disappointment here coupled with positive developments south of the
Canadian Border could put further selling pressure on the Loonie."
Sergey Golubev, 2016.09.20 15:14
Intra-Day Fundamentals - EUR/USD, USD/CAD and AUD/USD: U.S. Residential Building Permits2016-09-20 12:30 GMT | [USD - Building Permits]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Building Permits] = Annualized number of new residential building permits issued during the previous month.
From Business Insider article:
U.S. housing starts fell more than expected in August as building
activity declined broadly after two straight months of solid
increases, but a rebound in permits for single-family dwellings
suggested demand for housing remained intact.
Groundbreaking decreased 5.8 percent to a seasonally adjusted
annual pace of 1.14 million units, the Commerce Department said
on Tuesday. July's starts were unrevised at a 1.21 million-unit
Permits for future construction slipped 0.4 percent to a 1.14
million-unit rate last month as approvals for the volatile
multi-family homes segment tumbled 7.2 percent to a 402,000
unit-rate. Permits for single-family homes, the largest segment
of the market, surged 3.7 percent to a 737,000-unit pace.
Economists polled by Reuters had forecast housing starts falling
to a 1.19 million-unit pace last month and building permits
rising to a 1.17 million-unit rate.
USD/CAD M5: 20 pips price movement by U.S. Building Permits news events
AUD/USD M5: 13 pips price movement by U.S. Building Permits news events
Sergey Golubev, 2016.09.20 19:12
USD/CAD Intra-Day Fundamentals: Bank of Canada Gov Poloz Speaks and 32 pips range price movement
2016-09-20 16:50 GMT | [CAD - BoC Gov Poloz Speaks]
[CAD - BoC Gov Poloz Speaks] = Speech at the Chartered Financial Analysts Society, Quebec.
"It’s time to conclude. What I’ve tried to
do today is be clear about the forces that have brought about this
period of ultra-low interest rates and help identify the implications.
While monetary policy actions played a role in the decline of interest
rates, the Bank sets its policy rate to meet its primary mission:
returning inflation sustainably to target, thus helping to get the
economy back to full output. In this sense, ultra-low interest rates are
a symptom of the conditions we face, conditions that we believe are
improving over time."
"But some of the forces leading to low interest rates will persist for
a long time, so we need to prepare for lower for longer. Individuals
need to plan for retirement with different assumptions about longevity,
interest rates and growth. Businesses need to make sure their
expectations about investment returns reflect the current and likely
future reality and reconfigure their investment plans accordingly. And
policy-makers need to make sure they are working to increase the
economy’s potential output and reduce uncertainty—whether economic,
political or regulatory—that may be holding back investment."
"What the Bank can, and will, continue to do is to provide certainty
about the future value of money through inflation control. Together, we
can make the necessary adjustments and boost confidence that will foster
the economic growth we all want to see."
USD/CAD M5: 32 pips range price movement by Bank of Canada Gov Poloz Speaks news event
Sergey Golubev, 2016.09.21 20:48
Intra-Day Fundamentals - EUR/USD, USD/CAD and AUD/USD: FOMC Statement and Federal Funds Rate2016-09-21 18:00 GMT | [USD - Federal Funds Rate]
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the
Federal Reserve to other depository institutions overnight.
"Fed fund futures, contracts that investors use to bet on interest rate
movements, imply that there is a 60 per cent chance of a hike at the
December meeting, up slightly from 59 per cent ahead of today’s
decision, reports Robin Wigglesworth in New York."
Sergey Golubev, 2016.09.22 14:51
Intra-Day Fundamentals - EUR/USD, USD/CAD and AUD/USD: U.S. Jobless Claims2016-09-22 12:30 GMT | [USD - Unemployment Claims]
if actual < forecast (or previous one) = good for currency (for USD in our case)
[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week.
EUR/USD M5: 7 pips range price movement by U.S. Jobless Claims news events
AUD/USD M5: 8 pips price movement by U.S. Jobless Claims news events
USD/CAD M5: 11 pips range price movement by U.S. Jobless Claims news events
Sergey Golubev, 2016.09.23 13:08
Trading News Events: Canada Consumer Price Index (adapted from the article)
Bullish CAD Trade: Headline & Core CPI Beat Market Expectations
is located within 200-day SMA (200 SMA) and 100-day SMA (100 SMA) in the
ranging bearish area
of the chart waiting for the direction of the trend: the price was bounced from 200 SMA level and 1.3253 resistance level to below for the 100 SMA with 1.2999 to be tested to below for the primary bearish trend to be resumed. RSI
indicator is estimating the ranging condition to be continuing in the near future.
(all images/charts were made using Metatrader 5 software and free indicators from MQL5 CodeBase)
Sergey Golubev, 2016.09.23 16:06
USD/CAD Intra-Day Fundamentals: Canada's Consumer Price Index and 123 pips range price movement
2016-09-23 12:30 GMT | [CAD - CPI]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - CPI] = Change in the price of goods and services purchased by consumers.
USD/CAD M5: 123 pips range price movement by Canada's Consumer Price Index news event