Market Condition Evaluation based on standard indicators in Metatrader 5 - page 190
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Press review
Sergey Golubev, 2016.09.23 16:06
USD/CAD Intra-Day Fundamentals: Canada's Consumer Price Index and 123 pips range price movement
2016-09-23 12:30 GMT | [CAD - CPI]
if actual > forecast (or previous one) = good for currency (for CAD in our case)
[CAD - CPI] = Change in the price of goods and services purchased by consumers.
==========From official Statistics Canada source: The 12-month change in the Consumer Price Index (CPI) and the CPI excluding gasoline
==========
USD/CAD M5: 123 pips range price movement by Canada's Consumer Price Index news event
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EURUSD Technical Analysis 2016, 25.09 - 02.10: ranging near bearish reversal area
Sergey Golubev, 2016.09.24 14:00
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is on ranging within the following key support/resistance levels:
Descending triangle pattern was formed by the price to be crossed to below for the possible bearish reversal, Absolute Strength indicator is estimating the ranging condition to be continuing, and Trend Strength indicator is evaluating the future possible trend as a primary bearish market condition.
If D1 price breaks 1.1122 support level on close bar so the reversal of the daily price movement from the ranging bullish to the primary bearish market condition will be started.If D1 price breaks 1.1283 resistance level on close bar from below to above so the bullish trend will be resumed with 1.1366 nearest bullish target to re-enter.
If not so the price will be on bullish ranging within the levels.
SUMMARY : bullish
TREND : ranging near bearish reversal
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Forecast for Q4'16 - levels for DAX Index
Sergey Golubev, 2016.09.24 16:59
DAX Index October-December 2016 Forecast: ranging inside Ichimoku cloud waiting for direction of the trend
W1 price was on the local uptrend as a bear market rally within the primary bearish market condition: the price came to the Ichimoku cloud from below andSenkou Span line of Ichimoku indicator was tested from inside the cloud to above for the bullish reversal to be started. But the price was finally bounced from Senkou Span back to the Ichimoku cloud for the ranging bearish market condition. For now, the price is located near and below Senkou Span and 10,803 resistance level for the bullish reversal to be started or for the ranging bearish trend to be continuing.
Chinkou Span line is located above the price indicating the ranging condition, and Absolute Strength indicator is estimating the trend to be ranging as well in the future. By the way, Tenkan-sen line is above Kijun-sen line for the possible bullish reversal in the near future for example.
Trend:
W1 - ranging for direction of the trend to be startedForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for DAX Index
Sergey Golubev, 2016.09.24 16:59
DAX Index October-December 2016 Forecast: ranging inside Ichimoku cloud waiting for direction of the trend
W1 price was on the local uptrend as a bear market rally within the primary bearish market condition: the price came to the Ichimoku cloud from below andSenkou Span line of Ichimoku indicator was tested from inside the cloud to above for the bullish reversal to be started. But the price was finally bounced from Senkou Span back to the Ichimoku cloud for the ranging bearish market condition. For now, the price is located near and below Senkou Span and 10,803 resistance level for the bullish reversal to be started or for the ranging bearish trend to be continuing.
Chinkou Span line is located above the price indicating the ranging condition, and Absolute Strength indicator is estimating the trend to be ranging as well in the future. By the way, Tenkan-sen line is above Kijun-sen line for the possible bullish reversal in the near future for example.
Trend:
W1 - ranging for direction of the trend to be startedForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for USD/CNH
Sergey Golubev, 2016.09.25 12:48
USD/CNH October-December 2016 Forecast: ranging within narrow s/r levels for the bullish trend to be continuing or to the correction to be started
W1 price is located above Ichimoku cloud in the bullish area of the chart for the ranging within the narrow support/resistance levels:
Chinkou Span line is located above the price indicating the ranging condition, Tenkan-sen line is above Kijun-sen line for the bullish trend to be continuing, and Absolute Strength indicator is estimating the trend to be ranging in the future.
Trend:
W1 - ranging bullishForum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2016.09.26 11:43
EUR/USD Intra-Day Fundamentals: German IFO Business Climate and 11 pips price movement
2016-09-26 08:00 GMT | [EUR - German IFO Business Climate]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - German IFO Business Climate] = Level of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers.
====================
EUR/USD M5: 11 pips price movement by German IFO Business Climate news event
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Forecast for Q4'16 - levels for GOLD (XAU/USD)
Sergey Golubev, 2016.09.26 13:07
GOLD (XAU/USD) October-December 2016 Forecast: ranging for the bullish trend to be continuing or for the secondary correction to be started
W1 price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within the following key support/resistance levels:
Descending triangle pattern was formed by the price to be crossed to below for the correction to be started, but Absolute Strength indicator and Chinkou Span line of Ichimoku indicator are evaluating the future trend as the ranging bullish condition, and Tenkan-sen line located to be above Kijun-sen line are indicating for the primary bullish trend to be continuing.
By the way, the bearish reversal level is 1171.88, and if the price breaks this level to below so the global bearish reversal will be started for this and next year for example.
Trend:
W1 - bullish ranging within the levelsForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for S&P 500
Sergey Golubev, 2016.09.26 15:47
S&P 500 October-December 2016 Forecast: bullish ranging within s/r channel
W1 price is on bullish ranging condition located above Ichimoku cloud for the ranging within 2191.25 resistance level for the bullish trend to be resumed and 2106.75 support level for the correction to be started. Bearish reversal level for this timeframe is 1951.31 support level, and if the price breaks this level to below so the long-term bearish reversal will be started.
Chinkou Span line is located above the price indicating the ranging bullish condition, Absolute Strength indicator is estimating the trend as a ranging in the future, and Tenkan-sen line/Kijun-sen line combination of Ichimoku indicator is evaluating the future trend as a primary bullish for example.
Trend:
W1 - ranging bullishForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for AUD/USD
Sergey Golubev, 2016.09.27 12:16
AUD/USD October-December 2016 Forecast: ranging bullish waiting for breakout or breakdown
W1 price is on ranging market condition located to be above Ichimoku cloud in the bullish area of the chart. The price is located within 0.7755 resistance level for the bullish trend to be resumed and 0.7330 support level for the bearish reversal to be started. The key resistance level for the bullish trend continuation is 0.7834, and key support for the bearish market condition is 0.7200 psy level with 0.7144 weekly bearish target. Symmetric triangle pattern was formed by the price to be crossed for direction, and descending triangle pattern was formed by the price to be crossed to below for the possible bearish reversal.
Chinkou Span line is located near and above the price indicating the ranging condition and ready for breakout or breakdown in the near future, and Absolute Strength indicator is estimating the trend to be ranging bullish. Tenkan-sen line is above Kijun-sen line for the bullish trend to be resumed.
Trend:
W1 - ranging bullishForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for USD/JPY
Sergey Golubev, 2016.09.27 12:31
USD/JPY October-December 2016 Forecast: ranging bearish; 98.97 support to be broken for the bearish trend to be continuing
W1 price is located far below Ichimoku cloud in the bearish area of the chart. The price was bounced from 99.53 support level to above for the secondary ranging condition to be started with 98.97 key support level which is going to be broken to below in case of the bearish trend to be continuing. By the way, ascending triangle pattern was formed by the price to be crossed to above for the bear market rally to be started if 104.31 resistance is broken to above on close weekly bar for example.
Chinkou Span line is located below the price indicating the bearish trend to be continuing, Tenkan-sen line is below Kijun-sen line of Ichimoku indicator for the bearish continuation in the near future as well, and Absolute Strength indicator is estimating the trend to be ranging bearish market condition in the future.
Trend:
W1 - ranging bearishForum on trading, automated trading systems and testing trading strategies
Forecast for Q4'16 - levels for NZD/USD
Sergey Golubev, 2016.09.28 10:28
NZD/USD October-December 2016 Forecast: ranging within narrow s/r levels for the bullish trend to be continuing
W1 price is located above Ichimoku cloud in the primary bullish area of the chart: the price was on the bullish reversal based on breakout started from the February this year by the crossing Ichimoku cloud to above and breaking strong resistance levels on the way to the bullish market condition. For now, the price is on bullish ranging within narrow support/resistance levels: 0.7379/0.7484 resistance for the bullish trend to be resumed and 0.7085 support level for the secondary correction to be started. The bearish reversal levels for this pair on weekly timeframe are 0.6793/0.6630 support, and if the price breaks those levels to below on close weekly bar so the global bearish reversal will be started.
Chinkou Span line is located above the price indicating the bullish market condition, Tenkan-sen line is above Kijun-sen line for the bullish trend as well, and Absolute Strength indicator is estimating the trend to be ranging bullish in the future.
Trend:
W1 - ranging bullish