The most interesting pair you can make money with - NZD/USD
NZD/USD: bullish breakout. The pair was bounced to the bullish area from Senkou Span line which is the virtual border between the primary bearish and the priumary bullish on H4 chart, and Chinkou Span line is located near and below the price indicating the possible breakout to be started in the near future. Absolute Strength indicator is estimating the bullish trend to be continuing. Price is ranging within the following key reversal support/resistance levels:
Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing.
There are 3
simple scenarios for the price movement for the week:
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Sergey Golubev, 2015.12.22 09:47
EURUSD Price Action Analysis - bearish ranging below key reversal Fibo resistance level (adapted from the article)
D1 price is located below 200 day SMA
(200 SMA) and 100 day SMA (100 SMA) for the primary bearish market condition with the ranging near the border between the primary bearish and the primary bullish trend on the chart.
If the price will break 50.0% Fibo support level at 1.0791 so the primary bearish trend will be continuing with Fibo support level at 1.0520 as the next bearish target. If the price will break Fibo resistance level at 1.1059 from below to above on close daily bar so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started. If not so the price will be ranging within the levels.
GBPUSD Technical Analysis 2015, 20.12 - 27.12: global bearish breakdown
Sergey Golubev, 2015.12.22 10:49
Forecast for Tomorrow - levels for GBP/USD
GBP/USD M30: bear market rally to the ranging area. The price is located below 200 period SMA (200 SMA) and near 100 period SMA (100 SMA) which is the virtual border between the primary bearish and the ranging bearish trend on the chart. There are the following key s/r levels:
RSI indicator is estimating the possible local uptrend as the secondary bear market rally to be continuing.
Sergey Golubev, 2015.12.22 15:11
EUR/USD Intra-Day Fundamentals - Gross Domestic Product and 12 pips range price movement
2014-12-22 13:30 GMT | [USD - GDP]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
"Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 2.0 percent in the third quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent."
EURUSD M5: 12 pips range price movement by USD - GDP news event :
Indicators: FP channel
Sergey Golubev, 2014.02.22 07:22
How to Trade Gold Yearly Pivot Points (adapted from dailyfx article)
Gold 2013 Yearly Pivots :
The sudden and severe $141/oz. drop in gold in the beginning of 2013
caught many gold traders off guard. However, traders who watched gold
yearly pivots knew ahead of time that a close below the central pivot
(P) at $1661.75/oz.
Notice in the chart above how price hugged the central pivot red line.
The close below the yearly central pivot marked the beginning of a
year-long decline to 3-year lows.
Even after reaching a low of 1208, the subsequent gold rally in July was
stopped dead in its tracks at the S2 yearly pivot at $1392.79/oz. Gold
went on to make the low of the year at 1179.86. Yearly pivots were
useful for determining the beginning of the decline as well as locating
areas to re-enter or add more to a position. You may now be wondering
what the 2014 yearly pivots have in store for gold.
Gold 2014 Yearly Pivots :
Gold Yearly Pivot Trading Plan
Gold starts 2014 higher than where it left off in 2013. Crossing above
the psychologically important $1300 level, gold is a long way from the
lofty highs in the $1900 area. The first major yearly pivot hurdle is
just $40.00 away at the central yearly pivot at 1360.82. This was also
the highs of October 2013. Pivot points often act as magnets “pulling”
price up or down to the nearest pivot.
The current weekly Japanese candlestick pattern is an indecision
doji/spinning top. This gives us a “fork in the road” or decision point;
price could break higher or lower from this point and continue to trend
in the breakout direction. A new candle is due out next Monday and if
it can break above the 1332 high of the doji candle could lead to an
explosive move toward the R1 pivot and beyond. Moves above the central
pivot are regarded as bullish.
On the other hand, a break below 1307.26 low of the weekly doji candle
opens move toward the lows of 2013 in the 1186 area and a test of the S1
yearly pivot at 1024.25. Remember that yearly pivots represent
potential support and resistance. Using the pivot point calculation on
the high low and close of 2013, these levels can be created. Yearly
pivot levels can help traders determine price targets for taking profit
as well as entry and stop areas.
Sergey Golubev, 2015.12.23 10:29
GBP/USD in downtrend towards 1.45; EUR/USD is targeting at at 1.0960/80 (adapted from the article)
Societe Generale found Head & Shoulders pattern for EUR/USD and GBP/USD:
EUR/USD. Bearish ranging on the bullish reversal. The price is located near and below 100-day SMA and 200-day SMA for the ranging within the following key reversal support/resistance levels:
Bearish triangle pattern was formed by the price to be broken for the bearish condition, and RSI indicator is estimating the ranging condition to be continuing.
If the price breaks 1.0802
support level so the primary bearish will be continuing.If the price breaks 1.1059
resistance level so the price will be started to be reversed from the
primary bearish to the primary bullish condition.If not so the price will be ranging within the levels.
GBP/USD. Bearish breakdown. The price is
on primary bearish market condition to be located far below 100-day SMA and 200-day SMA
within the following key reversal support/resistance levels:
Descending triangle pattern was formed by the price to be broken for the bearish trend to be continuing, and RSI indicator is estimating the ranging bearish condition by direction.
If the price breaks 1.4805
support level so the primary bearish will be continuing up to 1.4565 level as the target.If the price breaks 1.5239
resistance level so the bullish reversal will be started.If not so the price will be ranging within the levels.
Sergey Golubev, 2015.12.23 12:32
USD/CAD Intra-Day Analysis - Canada GDP and and ranging on the bearish reversal
2014-12-18 13:30 GMT | [CAD - Gross Domestic Product]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - Gross Domestic Product] = Change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
is ranging around SMA with period 100 (100-SMA) and SMA with the period
200 (200-SMA) waiting to break the levels for direction.
EURUSD Technical Analysis 2015, December: weekly bearish pattern for breakdown, monthly breakdown with support target
Sergey Golubev, 2015.12.23 14:20
EURUSD Intra-Day Technical Analysis - ranging for direction: 'reversal' Senkou Span line to be broken for bearish; symmetric triangle pattern to be crossed for breakout
is located near abd below Ichimoku cloud and Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart. The price is ranging within 1.0983/1.0902 intermediate support resistance level for direction for the bearish or to the bullish trend with the possible key s/r reversal levels to be broken.
H4 price will break 1.0802 support level on close H4 bar so the primary bearish trend will be continuing without secondary ranging.If H4 price will break 1.1059 resistance level so the price will be fully reversed to the primary bullish market condition.If not so the price will be ranging within the levels..
SUMMARY : ranging
Sergey Golubev, 2015.12.24 08:59
As to the EUR/USD price movement in the beginning of 2016 so there are the following key levels:
So, there are 3 scenarios for the price movement in 2016:
Thus, we can make a forecast for EURUSD movement in 2016 by one word: ranging.
How to Start with MT5, a summary !
Alain Verleyen, 2013.03.15 16:12
How to start with MT5 platform : summary.
As our topic about "How to start with Metatrader 5" is going to be huge, here you find a summary, with main links.
Work in progress, stay tuned :-)