Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.07.29 11:49
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
is located below 100 SMA and near 200 SMA: the price is testing 1.1119 resistance level to above for the reversal of the price movement to the primary bullish market condition. For now - the ptrice is located within the following key reversal support/resistance
Symmetric triangle pattern was formed by the price to be crossed for direction.
price. United Overseas Bank is considering for EUR/USD for
the ranging market condition with the high range to be expended up to 1.1150 level:
"We shifted to a neutral EUR stance yesterday and held the view that the
current rebound in EUR could extend higher to 1.1150. We have seen a
high of 1.1118 so far and the pullback from the top appears to be
corrective in nature and from here, we continue to anticipate a move to
1.1150 (next resistance is at 1.1180/85). Support is at 1.1040 but the
key level is 1.1000 (breach of this level would indicate that immediate
upward pressure has eased)."
Forecast for Q3'16 - levels for Hang Seng Index (HSI)
Sergey Golubev, 2016.07.29 20:37
Hang Seng Index: End Of Week Technicals - secondary correction is going to be started
This trading week ended with some interesting results so let's describe some of the interesting moments for HSI.------------------
D1 price and H4 price are located on the bullish area of the chart with the ranging within key narrow s/r levels. The secondary correction is going to be started if the price breaks 21,841 support level to below on close bar with 21,666 target to re-enter, otherwise - ranging bullish trend will be continuing.
Chinkou Span line is located above the price indicating the correction to be started in the near future for both timeframes, and Absolute Strength indicator is estimating the local downtrend in the secondary ranging way within the primary bullish market condition.
If H4 price breaks 21,841
support level on close bar so the local downtrend as a secondary correction within the primary bullish market condition will be started with 21,666 target to re-enter.If H4 price breaks 22.324
resistance level on close bar from below to above so the primary bullish trend will be resumed.If not so the price will be on ranging bullish within the levels.
SUMMARY : bullish
AUDUSD Technical Analysis 2016, 31.07 - 07.08: daily bullish to be resumed with 0.7675 final target
Sergey Golubev, 2016.07.30 13:23
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is on bullish breakout to be started on open D1 bar for now with the symmetric triangle pattern to be formed by the price for the direction. The price is located within the following key support/resistance levels:
Absolute Strength indicator is evaluating the trend as the primary bullish to be resumed.
SUMMARY : breakout
EURUSD Technical Analysis 2016, 31.07 - 07.08: daily bearish breakout with possible bullish reversal
Sergey Golubev, 2016.07.31 13:35
Daily price is located below Ichimoku cloud in the bearish
area of the chart: the price is on secondary bear market rally to be started on Friday with 1.1191 resistance level to be crossed to above for the rally to be continuing. The price is located within the following
key support/resistance levels:
Absolute Strength indicator is evaluating the breakout to be started.
Forecast for Q3'16 - levels for USD/JPY
Sergey Golubev, 2016.08.02 14:49
USDJPY Pivot Points Analysis - weekly oversold to be below S3 Pivot level
W1 price is located to be below S3 Pivot at 105.40:
Example about counter trend:
Is trade against trend dangerous?
Sergey Golubev, 2016.08.03 06:25
Sergey Golubev, 2016.08.03 06:40
This is the example:
I took SMA with period 200 as an example only (some people are using 21 EMA, Ichimoku, 55 MA, 34 SMA and more - depends on the system and timeframe).
Sergey Golubev, 2016.08.04 11:52
is located near and above 200 SMA: the price is on secondary correction within the primary bullish market condition within
the following key reversal support/resistance
Descending triangle pattern was formed by the price to be crossed for the correction to be continuing.
price. United Overseas Bank is expecting for EUR/USD to be continuing with the ranging condition to be above 1.1215 for some short period of time:
"While the stop-loss for our bullish EUR view is still intact at the
time of writing, the unexpected sharp drop yesterday clearly indicates
an increased risk of a short-term top. A move below 1.1130 would shift
the outlook to neutral and suggest a period of broad sideway
consolidation has started. This appears likely unless EUR can move and
stay above 1.1215 within these 1 to 2 days."
Sergey Golubev, 2016.08.05 13:02
Trading News Events: U.S. Non-Farm Payrolls (adapted from the article)
Bullish USD Trade
is located between 100 SMA and 200 SMA for the ranging market condition waiting for the direction within the following
key reversal support/resistance levels:
indicator is estimating the ranging bullish market condition with the possibility to the bearish reversal.
Forecast for Q3'16 - levels for DAX Index
Sergey Golubev, 2016.08.06 15:28
Dax Index Technical Analysis 2016, 07.08 - 14.08: daily bullish ranging within key narrow s/r levels; weekly bullish reversal
Daily price is located above Ichimoku cloud in the bullish
area of the chart for the ranging within key narrow support/resistance levels:
Absolute Strength indicator is evaluating the ranging condition to be continuing.
SUMMARY : ranging bullish
EURUSD Technical Analysis 2016, 08.07 - 14.08: possible daily bearish breakdown with 1.1072 support level
Sergey Golubev, 2016.08.06 17:13
Daily price is located below Ichimoku cloud in the bearish
area of the chart: price was bounced from 1.1233 resistance leve to below for the bearish trend to be resumed. The support level at 1.1072 is going to be tested by the daily price to below for the bearish trend to be continuing.
Absolute Strength indicator is evaluating the bearish trend in the near future, and Trend Strength indicator is estimating the future trend as a secondary ranging. Chinkou Span line is breaking the price to below for good possible breakdown.
SUMMARY : ranging bearish
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