Forum on trading, automated trading systems and testing trading strategies
Gold is Reaching at 1270
Sergey Golubev, 2013.07.01 21:04
How can we know: correction, or bullish etc (in case of using indicator for example)?
well ... let's take AbsoluteStrength indicator from MT5 CodeBase.
bullish (Bull market) :
bearish (Bear market) :
ranging (choppy market - means: buy and sell on the same time) :
flat (sideways market - means: no buy and no sell) :
correction in a bear market (Bear Market Rally) :
Sergey Golubev, 2015.10.12 08:56
EUR/USD: calm before storm - Barclays (based on efxnews article)
Barclays made a fundamental forecast for EURUSD expecting big volatility for this pair and for USD/JPY as well:
So, Barclays is still keeping sell position with 1.0460 take profit and stop loss as 1.1562. And as we see from the chart above - the price is on bearish market condition for the secondary ranging within 1.0461 key support level and 1.1713 key resistance level, so 1.0460 may be the real bearish target at year-end for example.
Sergey Golubev, 2015.10.13 08:57
EURUSD Intra-Day Fundamentals - ZEW Economic Sentiment (based on efxnews article)
Credit Agricole made a fundamental forecast concerning ZEW news event - German ZEW Economic Sentiment and ZEW Economic Sentiment. It's a leading indicator of economic health - investors and analysts are
highly informed by virtue of their job, and changes in their sentiment
can be an early signal of future economic activity:
Sergey Golubev, 2015.10.14 09:47
EURUSD Intra-Day Fundamentals - USD Into Retail Sales (based on efxnews article)
BNP Paribas made fundamental forecast concerning Retail Sales news event for today:
From the technical points of view - the price is located to be above 200 period SMA and above 100 period SMA for the bullish breakout: the price broke key resistance levels in intra-day basis and stopped near 1.1469 level. If the price will break this 1.1469 resistance level from below to above so the bullish breakout will be continuing, otherwise - ranging bullish.
Sergey Golubev, 2015.10.15 11:11
Outlooks For EUR/USD: Sell Signal - SEB (based on efxnews article)
Skandinaviska Enskilda Banken made a technical forecast for EUR/USD pair related to intra-day and day basis:
Thus, SEB is estimating two key levels for this pair: 1.14 in intra-day base and 1.15 on long term situation. Anyway, the bearish AB=CD pattern was formed on W1 timeframe together with the bearish retracement pattern so we can expect more bearish situation with this pair in the few coming weeks for example.
Sergey Golubev, 2015.10.16 09:35
3 reasons to sell EUR/USD - BNP Paribas (based on efxnews article)
BNP Paribas suggested to make a short with EUR/USD with 1.0900 target
and 1.1630 stop loss, and it is based on 3 fundamental reasons:
Sergey Golubev, 2015.10.18 18:35
EUR: outlook for the coming week by Morgan Stanley (based on efxnews article)
EUR: Bullish"We believe that EURUSD could head higher before we see pushback from
the ECB. Indeed, we don’t expect anything from next week’s meeting. Our
base case is for no further easing, but in the tail risk that the
central bank does decide to do more, this would be likely to come in
December alongside the ECB’s new forecasts. With further action from the
ECB unlikely in the near term, and US rates falling, EUR is becoming
less attractive as a short term funder, offering it support."
From the technical point of view - the price is on primary bearish market condition for the ranging between the following key support/resistance levels:
The price may start the bear market rally by the breaking 1.1459 and 1.1713 resistance levels from below to above, and we may see the local uptrend in this case only for example.
Sergey Golubev, 2015.10.19 08:08
Trading The ECB: the most likely scenario, key levels and EUR/USD forecasts (based on efxnews article)
As ECB will take center stage this week so Barclays Capital made some fundamental and technical forecasts concerning EUR/USD.
Sergey Golubev, 2015.10.21 06:27
Trading setup for EUR/USD by Barclays Capital (based on efxnews article)
Barclays Capital made a technical forecast for EUR/USD explaining their position opened with key targets:
So, they opened sell trade at 1.1335 with 1.1260 as an initial target having re-enter to 1.1105/1.1085 targets in case the price will move to below 1.1260. If we see from the chart above - there are the following targets for this pair:
Thus, if the price breaks 1.1086 support level from above to below so the next profit targets will be 1.0807, if the price breaks 1.1713 resistance level from below to above so profit level will be 1.1956.
Sergey Golubev, 2015.10.22 09:13
EUR/USD - in view of ECB meeting (based on efxnews article)
United Overseas Bank made a fundamental forecast concerning ECB’s meeting later today:
we see from the image above - the nearest support level is 1.1305
located on the border between the primary bearish and the primary
bullish on the chart, and if this level is going to be broken so we may
see the bearish reversal to be started by the daily price for example.