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Forecast for Q3'16 - levels for Brent Crude Oil
Sergey Golubev, 2016.08.08 09:07
Weekly price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bearish area of the chart. Price is on ranging within the following support/resistance levels:
Symmetric triangle pattern was broken by the price to below for the bearish trend to be continuing.
Sergey Golubev, 2016.08.08 17:06
Most likely scenario for S&P 500 H4 intra-day price (based on the article)
S&P 500 H4 intra-day price is located above Ichimoku cloud for the bullish breakout which was started in the beginning of this month for example: price broke Ichimoku cloud to above for the bullish reversal.
S&P 500 opened at a record high on Monday as oil prices rose and
after Friday's stellar jobs report suggested strength in the U.S.
economy, boosting appetite for risk."
rose 1.8 percent after a report in the Wall Street Journal last week
that some OPEC members had called for a freeze in production."
"Seven of the 10 major S&P 500 indexes were higher, led by a 0.96 percent rise in the energy sector."
"Oil majors Exxon Mobil (XOM.N) and Chevron (CVX.N) rose about 0.6 percent and were the top drivers of the S&P."
The price was bounced from 2,182.50 resistance level to below for the ranging to be started within key narrow support/resistance levels:
Bearish reversal level at this timeframe is 2,160.25, and if the price breaks this level to below so the bearish reversal of the intra-day price movement will be started.
Most likely scenario for S&P 500 H4 intra-day price: 2,174.75 level will be broken to below and the correction will be started; if not so the price will be on bullish condition ranging within the levels.
Sergey Golubev, 2016.08.09 21:43
Quick Intra-Day Overview - S&P 500: bullish ranging within narrow levels for direction (adapted from the article)
H4 price is located babove Ichimoku cloud in the bullish
area of the chart: price is on ranging within the narrow s/r levels waiting for the bullish trend to be continuing or to the secondary correction to be started.
Sergey Golubev, 2016.08.10 17:18
U.S. Commercial Crude Oil Inventories
news event: intra-day bearish breakdown; daily ranging for direction
2016-08-10 14:30 GMT | [USD - Crude Oil Inventories]
[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 1.1 million barrels from the previous
If the price breaks 47.16 resistance on close daily bar so the primary bullish trend will be resumed.If the price breaks 41.49
support level on close daily bar to below so the bearish reversal will be started.If not so the price will be on ranging within the levels.
Forecast for Q3'16 - levels for GBP/USD
Sergey Golubev, 2016.08.11 10:27
GBPUSD August-September 2016 Forecast: weekly bearish with 1.2794 support level
is located far below 100 SMA/200 SMA reversal area on primary bearish market condition with 1.2794 support level to be tested for the bearish trend to be continuing:
If the price breaks 1.2794
support level on weekly close bar so the primary bearish trend will be continuing.If the price breaks 1.3480 resistance level to above on weekly bar so the local uptrend as the bear market rally will be started.If the price breaks 1.5444
resistance level so the reversal of the weekly price movement to the primary bullish market condition will be started.If not so the price will be on bearish ranging within the levels.
SUMMARY : bearish
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, 2016.08.12 17:17
Intra-Day Fundamentals - EUR/USD, GBP/USD and AUD/USD: U.S. Advance Retail Sales
2016-08-12 12:30 GMT | [USD - Retail Sales]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Retail Sales] = Change in the total value of sales at the retail level.
EUR/USD M5: 56 pips price movement by U.S. Advance Retail Sales news event
GBP/USD M5: 69 pips price movement by U.S. Advance Retail Sales news event
AUD/USD M5: 46 pips price movement by U.S. Advance Retail Sales news event
EURUSD Technical Analysis 2016, 14.08 - 21.08: daily ranging inside Ichimoku cloud for direction
Sergey Golubev, 2016.08.14 07:39
Daily price broke one of the 'reversal' Senkou Span line of Ichimoku indicator together with trendline to above: the price broke this line to be located inside Ichimoku cloud in the bearish ranging area of the chart waiting for the direction. Absolute Strength indicator is estimating the trend to be on ranging waiting for breakout/breakdown, and Trend Strength inticator is evaluating the future possible trend as the possible daily bullish reversal.
If D1 price breaks 1.1045
support level on close bar together with descending triangle pattern to below so the primary bearish trend will be resumed.If D1 price breaks 1.1233
resistance level on close bar from below to above so the bullish
reversal will be started.If not so the price will be on bearish ranging within the levels.
SUMMARY : ranging bearish
GBPUSD Technical Analysis 2016, 14.08 - 21.08: daily bearish with 1.28 target
Sergey Golubev, 2016.08.14 07:58
Daily price is located below Ichimoku cloud for the bearish market condition: the price is breaking 1.2935 support level for the bearish trend to be continuing with 1.2795 nearest bearish daily target to re-enter.
If D1 price breaks 1.2935
support level on close bar so the primary bearish trend will be continuing with 1.2795 nearest target.If D1 price breaks 1.3371
resistance level on close bar from below to above so the local uptrend as the bear market rally will be started with the good possibility to the bullish reversal.If not so the price will be on bearish ranging within the levels.
Sergey Golubev, 2016.08.15 16:19
New daily bar was opened inside Ichimoku cloud which is indicating the ranging market condition for the week. Support/resistance levels are the same ones, for example:
Chinkou Span line of Ichimoku indicator broke the price to above for the possible breakout so the most likely scenarios for the daily price movement for the week are the following: