is located near and above Ichimoku cloud for the ranging on the border between the primary bullish trend to be resumed and the ranging bullish market condition tio be started within the following key support/resistance levels:
Ascending triangle pattern was formed by the price to be crossed to above for the possible bullish trend, Absolute
Strength indicator is estimating the ranging condition to be continuing, and
Trend Strength indicator is evaluating the trend as a primary bearish market condition.
SUMMARY : bullish
TREND : 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, 2016.10.02 13:18
Fundamental Q4'16 Forecasts for EUR/USD (based on the article)
EUR/USD - "Put simply, if there is a seismic shift in
the US political environment, the Fed will be forced to go back to the
drawing board and dramatically alter its growth and inflation forecasts.
Doing so will likely come at the expense of a rate hike this year -
which means one less reason to like the greenback. There are thus two
periods to watch for on the US Dollar side: the run-up to the election
on November 8; then the fallout and lead-in to the December 14 FOMC meeting. Even though EUR/USD is coiling now, there are plenty of reasons to look for increased volatility."
Sergey Golubev, 2016.10.05 13:02
Trading News Events: U.S. ISM Non-Manufacturing (adapted from the article)
is on bullish ranging above 200-day SMA (200 SMA) and 100-day SMA (100 SMA) for the primary bullish trend to be resumed or for the bearish reversal to be started.
(all images/charts were made using Metatrader 5 software and free indicators from MQL5 CodeBase)
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
Daily price is continuing to be ranging inside Ichimoku cloud for direction with 1.1278 resistance for the bullish trend to be resumed and 1.1137 support for the bearish reversal to be started:
Sergey Golubev, 2016.10.06 14:31
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
H4 price is on bearish breakdown located below 100 SMA/200 SMA area. The price is breaking 1.1183 support level to below for the primary bearish trend to be continuing.
price. United Overseas Bank is expecting for this pair the ranging trend to be continuing:
"EUR spent another day going nowhere and at this stage, there is no
pre-indication that the current neutral phase is about to end soon. In
other words, the expected sideway trading range of 1.1120/1.1290 that
was first highlighted about 2 weeks ago is still intact."
is the 1st video in a series on economic reports created for all
markets, or for those who simply have an interest in economics. In this
and the next lesson, we cover the Employment Situation Report, also
known as Non Farm Payroll.
Non-farm Payrolls is the assessment of the total number of employees recorded in payrolls.
This is a very strong indicator
that shows the change in employment in the country. The growth of this
indicator characterizes the increase in employment and leads to the
growth of the dollar. It is considered an indicator tending to move the
market. There is a rule of thumb that an increase in its value by
200,000 per month equates to an increase in GDP by 3.0%.
FF forum economic calendar :
mql5 forum thread :
Non-Farm Employment Strategy
AUDUSD M5 with 45 pips in profit (by equity) for NFP :
EURUSD M5 : 87 pips price movement by NFP news event :NZDUSD M5 : 37 pips price movement by USD - Non-Farm Employment Change :
Trading EURUSD during NFP :
02: NON FARM PAYROLL (Part 2): ECONOMIC REPORTS FOR ALL MARKETS
This is the second part of video lesson about nfp.
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