Market Condition Evaluation based on standard indicators in Metatrader 5 - page 25

Sergey Golubev
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Sergey Golubev  

But I got my 15 dollars and don't care about it anymore :)

 

Sergey Golubev
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114338
Sergey Golubev  

It was breakdown for USDCHF M30 ...

 

... because market is ranging on H1:

 

Sergey Golubev
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114338
Sergey Golubev  

Just something about EURUSD today - correction was started on open bar for M30, H1 and H4 timeframes. And for D1 timeframe is flat for now: primary trend is bearish but secondary - flat. So, the price on M30/H1/H4 timeframes is not going against the trend with secondary correction - D1 trend is bearish anyway.

 

 

 

 

 

 

Sergey Golubev
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114338
Sergey Golubev  

And very interesting to see the market condition for resilience: AUDUSD :)

Australia again shows its resilience


 

TREASURER Wayne Swan says the latest national growth numbers reaffirms Australia's position as one of the most resilient economies in the world.

The Australian Bureau of Statistics said the economy grew by 0.6 per cent in the December for an annual rate of 3.1 per cent. 

Sergey Golubev
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114338
Sergey Golubev  
So, ... as many people are discussing this article about Australian economy so we can evaluate the market condition for AUDUSD.
Sergey Golubev
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114338
Sergey Golubev  

This is the situation for AUDUSD. 

M30 - primary trend is bullish with secondary correction started on open bar sorry.

 

H1 - secondary correction with primary bullish

 

H4 - Correction just started on open bar. If this correction is continuing so we will have ranging market condition. If not - uptrend will be continued in this case.

 

D1 - market rally was started with primary bearish

 

 

Sergey Golubev
Moderator
114338
Sergey Golubev  
So, nothing special with AUDUSD concerning market condition.
Sergey Golubev
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114338
Sergey Golubev  
It was CAD trade balance and USD trade balance at 13:30 GMT time (20 minutes ago). Those news events are high impected so that is why the price was moved for now.
Viktor Vlasenko
540
Viktor Vlasenko  
newdigital, may i get Trend strength indi source please?
Sergey Golubev
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114338
Sergey Golubev  

Hi vito333,

As I know - original author of this indicator is igorad so I will ask him about possibility to upload his MT5 version to this thread (and to Codebase).