is located above Ichimoku cloud in the bullish area of the chart: the price is on ranging within the following key support/resistance levels:
Descending triangle pattern was formed by the price to be crossed to below for the possible bearish reversal, Absolute
Strength indicator is estimating the ranging condition to be continuing, and
Trend Strength indicator is evaluating the future possible trend as a primary bearish market condition.
SUMMARY : bullish
TREND : ranging near bearish reversal
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.09.24 12:08
Weekly Outlook: 2016, September 25 - October 02 (based on the article)
The Fed came and went and so did the BOJ, leaving a mixed picture after the high tension. Speeches from Yellen and Draghi among others, US Consumer Confidence, Durable Goods orders and GDP data from the US, UK, and Canada, stand out. These are the highlights on forex calendar.
Sergey Golubev, 2016.09.26 11:43
EUR/USD Intra-Day Fundamentals: German IFO Business Climate and 11 pips price movement
2016-09-26 08:00 GMT | [EUR - German IFO Business Climate]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - German IFO Business Climate] = Level of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers.
EUR/USD M5: 11 pips price movement by German IFO Business Climate news event
Sergey Golubev, 2016.09.26 17:07
Intra-Day Fundamentals - EUR/USD and USD/CAD: U.S. New Home Sales2016-09-26 14:00 GMT | [USD - New Home Sales]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - New Home Sales] = Annualized number of new single-family homes that were sold during the previous month.
From Market Watch article: New-home sales slip in August but top forecast
EUR/USD M5: 10 pips range price movement by U.S. New Home Sales news events
USD/CAD M5: 38 pips range price movement by U.S. New Home Sales news events
Sergey Golubev, 2016.09.27 10:24
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
H4 price is on bullish ranging above 100 SMA/200 SMA area within
the following support/resistance
price. United Overseas Bank is expecting for this pair to be on ranging within 1.1120/1.1290 levels:
"While the undertone for EUR has improved with the reasonably strong
daily closing yesterday, it is premature to expect a sustained up-move.
1.1290 is still acting as strong resistance and even if there is a break
above level, EUR is expected to face another solid resistance near
1.1325. That said, for the next few days, the positive undertone would
stay intact unless there is a move back below 1.1180."
Sergey Golubev, 2016.09.27 16:35
Intra-Day Fundamentals - EUR/USD and USD/CAD: The Conference Board Consumer Confidence2016-09-27 14:00 GMT | [USD - CB Consumer Confidence]
[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.
EUR/USD M5: 18 pips price movement by The Conference Board Consumer Confidence news events
USD/CAD M5: 40 pips price movement by The Conference Board Consumer Confidence news events
Sergey Golubev, 2016.09.28 15:02
Intra-Day Fundamentals - EUR/USD and USD/CAD: Durable Goods Orders2016-09-28 12:30 GMT | [USD - Durable Goods Orders]
[USD - Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods.
From Market Watch article: Durable-goods orders lose steam in August
for durable or long-lasting goods flattened out in August after a
sizable gain in the prior month, pointing to ongoing difficulties for
American manufacturers. Orders fell 22% for large commercial aircraft, a
that’s exhibited large swings during the summer. Bookings for new autos
rose 0.7%, however. Stripping out transportation, orders sagged 0.4%,
the Commerce Department said Wednesday. Demand declined for heavy
machinery, computers and electrical equipment. What’s
more, shipments of core capital goods, a category used to help
determine gross domestic product, fell 0.4% to mark the fourth straight
EUR/USD M5: 16 pips price movement by Durable Goods Orders news events
AUD/USD M5: 15 pips range price movement by Durable Goods Orders news events
Sergey Golubev, 2016.09.29 15:25
Intra-Day Fundamentals - EUR/USD and USD/CAD: U.S. Gross Domestic Product2016-09-29 12:30 GMT | [USD - GDP]
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
EUR/USD M5: 24 pips price movement by U.S. Gross Domestic Product news events
USD/CAD M5: 25 pips range price movement by U.S. Gross Domestic Product news events