is located above Ichimoku cloud in the bullish area of the chart: the
price is on ranging within the following support/resistance levels:
Strength indicator is estimating the ranging condition to be
continuing, and Trend Strength indicator are evaluating the trend as the
primary bullish in the future. Ascending triangle pattern was forme by the price to be crossed to above for the bullish trend to be resumed
If D1 price breaks 1.2999
support level on close bar so the reversal of the price movement from
the ranging bullish to the primary bearish market condition will be
started.If D1 price breaks 1.3253
resistance level on close bar from below to above so the bullish trend will be resumed with 1.3280 bullish target to re-enter.If not so the price will be on bullish ranging within the levels.
SUMMARY : ranging
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.10.01 11:58
Weekly Outlook: 2016, October 02 - October 09 (based on the article)
The third quarter ended with mixed moves in currencies. A full buildup to the US Non-Farm Payrolls, a rate decision in Australia and other figures fill the first week of the last quarter. These are the main events on forex calendar.
Sergey Golubev, 2016.10.05 17:09
Intra-Day Fundamentals - EUR/USD and USD/CAD: U.S. ISM Non-Manufacturing PMI2016-10-05 13:45 GMT | [USD - ISM Non-Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ISM Non-Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry.
EUR/USD M5: 27 pips price movement by ISM Non-Manufacturing PMI news events
USD/CAD M5: 43 pips range price movement by ISM Non-Manufacturing PMI news events
Sergey Golubev, 2016.10.07 14:52
Intra-Day Fundamentals - EUR/USD and USD/CAD: Non-Farm Payrolls2016-10-07 12:30 GMT | [USD - Non-Farm Employment Change]
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
EUR/USD M5: 52 pips range price movement by Non-Farm Employment Change news events
USD/CAD M5: 103 pips price movement by Non-Farm Employment Change news events