Market Condition Evaluation based on standard indicators in Metatrader 5 - page 158

Sergey Golubev
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Sergey Golubev, 2016.03.16 10:54

GBP/USD Intra-Day Fundamentals: UK Jobless Claims and 30 pips range price movement

2016-03-16 09:30 GMT | [GBP - Claimant Count Change]

  • past data is -28.4K
  • forecast data is -8.8K
  • actual data is -18.0K according to the latest press release

if actual < forecast (or previous one) = good for currency (for GBP in our case)

[GBP - Claimant Count Change] = Change in the number of people claiming unemployment-related benefits during the previous month.

==========

GBPUSD M5: 30 pips range price movement by UK Jobless Claims news event :



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Forecast for Q1'16 - levels for GOLD (XAU/USD)

Sergey Golubev, 2016.03.16 11:28

GOLD (XAU/USD) Intra-Day Technical Analysis - bullish ranging near bearish reversal

M5 price is near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging bullish condition to be started.

  • If the price will break 1234.28 resistance level so the bullish trend will be continuing.
  • If price will break 1230.52 support so the bearish reversal will be started.
  • If not so the price will be ranging within the levels.
Resistance
Support
1234.281230.52
1235.40
1229.57


  • Recommendation to go short: watch the price to break 1230.52 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1234.28 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction

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Sergey Golubev, 2016.03.16 13:41

EUR/USD Intra-Day Fundamentals: U.S. Consumer Price Index and 20 pips price movement

2016-03-16 12:30 GMT | [USD - CPI]

  • past data is 0.0%
  • forecast data is -0.2%
  • actual data is -0.2% according to the latest press release

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - CPI] = Change in the price of goods and services purchased by consumers.

==========

"The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.2 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment."

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EURUSD M5: 20 pips price movement by U.S. Consumer Price Index news event :



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Forecast for Q1'16 - levels for EUR/USD

Sergey Golubev, 2016.03.16 14:55

EUR/USD Intra-Day Technical Analysis - ranging to reversal

H4 price is on secondary correction with the bearish reversal: the price is breaking 200 period SMA from above to below for the reversal of the intra-day price movement from the primary bullish to the ranging bearish market condition.

  • If the price will break 1.1217 resistance level so the primary bullish trend will be continuing.
  • If price will break 1.1000 support so the price will be reversed to the primary bearish market condition.
  • If not so the price will be ranging within the levels.
ResistanceSupport
1.12171.1000
N/A
1.0821

  • Recommendation to go short: watch the price to break 1.1000 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1.1217 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : ranging to the bearish reversal

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Sergey Golubev, 2016.03.16 17:51

Trading News Events: FOMC Federal Funds Rate (based on the article)

What’s Expected:



Why Is This Event Important:

The FOMC may continue to prepare U.S. households and businesses for higher interest rates especially as the economy approaches ‘full-employment,’ and the central bank may sound more hawkish this time around as Chair Janet Yellen remains confident in achieving the 2% inflation-target over the policy horizon.

However, waning confidence paired with subdued wage growth may prompt to Fed to adopt a more cautious tone this time around, and the dollar stands at risk of facing near-term headwinds should the central bank show a greater willingness to further delay the normalization cycle.

How To Trade This Event Risk
Bullish USD Trade: FOMC to Stay on Course to Further Normalize Policy in 2016

  • Need red, five-minute candle following the rate decision to consider a short EUR/USD position.
  • If market reaction favors a bullish dollar trade, sell EUR/USD with two separate position.
  • Set stop at the near-by swing high/reasonable distance from cost; at least 1:1 risk-to-reward.
  • Move stop to entry on remaining position once initial target is met, set reasonable limit.
Bearish USD Trade: Fed Curbs Expectations for Higher Borrowing-Costs
  • Need green, five-minute candle to favor a long EUR/USD trade.
  • Implement same strategy as the bullish dollar trade, just in the opposite direction.
Potential Price Targets For The Release
EURUSD Daily


  • Indeed, the diverging paths for monetary policy fosters a long-term bearish outlook for EUR/USD especially as the European Central Bank (ECB) continues to push monetary policy into uncharted territory, but the pair appears to be carving out a bullish-flag formation (continuation pattern) as it holds above the range from earlier this month.
  • Interim Resistance: 1.1510 (50% retracement) to 1.1520 (61.8% expansion)
  • Interim Support: Interim Support: 1.0380 (78.6% expansion) to 1.0410 (61.8% expansion)

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Sergey Golubev, 2016.03.16 19:16

EUR/USD Intra-Day Fundamentals: FOMC Federal Funds Rate and 14 pips range price movement

2016-03-16 18:00 GMT | [USD - Federal Funds Rate]

if actual > forecast (or previous one) = good for currency (for USD in our case)

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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"Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen. However, global economic and financial developments continue to pose risks. Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further. The Committee continues to monitor inflation developments closely.

Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation."

==========

EURUSD M5: 14 pips range price movement by FOMC Federal Funds Rate news event :



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Sergey Golubev, 2016.03.17 08:09

AUD/USD Intra-Day Fundamentals: Australia Jobless Rate and 64 pips price movement

2016-03-17 00:30 GMT | [AUD - Unemployment Rate]

if actual < forecast (or previous one) = good for currency (for AUD in our case)

[AUD - Unemployment Rate] = Percentage of the total work force that is unemployed and actively seeking employment during the previous month.

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  • Employment increased 11,400 to 11,903,100.
  • Unemployment decreased 700 to 736,600.
  • Unemployment rate remained steady at 5.8%.
  • Participation rate remained steady at 65.1% from a revised January 2016 estimate.
  • Monthly hours worked in all jobs increased 2.5 million hours to 1,653.6 million hours.

==========

AUDUSD M5: 64 pips price movement by Australia Jobless Rate news event :



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Sergey Golubev, 2016.03.17 10:05

Technical Targets for GBP/USD by United Overseas Bank (based on the article)

GBP/USD: ranging bullish - 1.4311 resistance to be broken for the strong bullish trend to be continuing

M15 price is located above 100 period SMA and 200 period SMA for the primary bullish market condition with the secondary ranging: the price is ranging within 1.4311 resistance and S1 Yearly Pivot level at 1.4222.

  • "GBP dropped to a low of 1.4053 but the subsequent sharp rally certainly does not bode well for our bearish view.
  • However, only a move above 1.4305 would indicate that our view is wrong."

RSI indicator is estimating the secondary ranging to be continuing.  

  • If the price will break 1.4311 resistance level on close bar so the strong bullish trend will be continuing.
  • If price will break 1.4222 support on close bar so the reversal of the intra-day price movement from the primary bullish to the primary bearish will be started.
  • If not so the price will be ranging within the levels.
Resistance
Support
1.43111.4235
N/A1.4222



  • Recommendation to go short: watch the price to break 1.4222 support level for possible sell trade
  • Recommendation to go long: watch the price to break 1.4311 resistance level for possible buy trade
  • Trading Summary: bullish

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Sergey Golubev, 2016.03.17 12:32

EUR/USD Intra-Day Fundamentals: Euro-Zone Trade Balance and 45 pips price movement

2016-03-17 10:00 GMT | [EUR - Trade Balance]

if actual > forecast (or previous one) = good for currency (for EUR in our case)

[EUR - Trade Balance] = Difference in value between imported and exported goods and services during the reported month.

==========

"The  first  estimate  for euro  area (EA19)  exports  of  goods  to  the  rest  of  the  world  in  January  2016  was €145.3 billion,  a decrease  of 2% compared with January 2015 (€148.0 bn). Imports from the rest of the world stood at €139.1 bn, a fall of 1% compared with January 2015 (€140.9 bn). As a result, the euro  area recorded a €6.2 bn surplus in trade in goods with the rest of the world in January 2016, compared with +€7.1 bn in January 2015. Intra-euro area trade remained stable at €132.5 bn in January 2016 compared with January 2015."

==========

EURUSD M5: 45 pips price movement by Euro-Zone Trade Balance news event :



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Sergey Golubev, 2016.03.17 13:14

GBP/USD Intra-Day Fundamentals: Bank of England Rate Decision and 41 pips price movement

2016-03-17 12:00 GMT | [GBP - Official Bank Rate]

if actual > forecast (or previous one) = good for currency (for GBP in our case)

[GBP - Official Bank Rate] = Interest rate at which the BOE lends to financial institutions overnight.

==========

"The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment.  At its meeting ending on 16 March 2016, the MPC voted unanimously to maintain Bank Rate at 0.5%.  The Committee also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion."

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GBPUSD M5: 41 pips price movement by Bank of England Rate Decision news event :