Market Condition Evaluation based on standard indicators in Metatrader 5 - page 50

Sergey Golubev
Moderator
114338
Sergey Golubev  

About GBP - Retail Sale]


Forum

Press review

newdigital, 2013.06.20 12:22

The next news event to discuss :

2013-06-20 08:30 GMT | [GBP - Retail Sale]

If actual > forecast data - is it good for GBP. Forecast data was 0.8% and actrual data was 2.1% (see latest resease here)

=============

U.K. Retail Sales Recover At Stronger Than Expected Pace :



MetaTrader Trading Platform Screenshots

GBPUSD, M1, 2013.06.20

MetaQuotes Software Corp., MetaTrader 5, Demo

50 pips

GBPUSD, M1, 2013.06.20, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

Just about Philadelphia Fed Index

Forum

Press review

newdigital, 2013.06.20 20:50

We had the following news event at 14:00 GMT time (or 16:00 metaquotes demo server time) :

2013-06-20 14:00 GMT | [USD - Philadelphia Fed Index]

if actual > forecast = good for USD. Forecast was -0.6 and actual (according to the latest release here) was 12.5

============

Philly Fed Index Unexpectedly Surges Up To Two-Year High In June :

Manufacturing activity in the Philadelphia area unexpectedly increased in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector climbing to a two-year high.

The Philly Fed said its diffusion index of current activity jumped to a positive 12.5 in June from a negative 5.2 in May, with a positive reading indicating an increase in regional manufacturing activity. Economists had expected the index to climb to a negative 1.0.


and we can see - this is 130 pips in profit (4 digit pips) for majors!


MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.06.20

MetaQuotes Software Corp., MetaTrader 5, Demo

33 pips

EURUSD, M1, 2013.06.20, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDCHF, M1, 2013.06.20

MetaQuotes Software Corp., MetaTrader 5, Demo

34 pips

USDCHF, M1, 2013.06.20, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDJPY, M1, 2013.06.20

MetaQuotes Software Corp., MetaTrader 5, Demo

36 pips

USDJPY, M1, 2013.06.20, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

GBPUSD, M1, 2013.06.20

MetaQuotes Software Corp., MetaTrader 5, Demo

30 pips

GBPUSD, M1, 2013.06.20, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

Just trying to find the interesting pair for technical analysis for the next week and could not ...

For example - EURUSD D1 was on correction

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EURUSD, D1, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

D1 correction

EURUSD, D1, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


and EURUSD H4 was fully reversed to primary bearish

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EURUSD, H4, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

h4 reversal to bearish

EURUSD, H4, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

The opposite situation was for USDCHF - D1 timeframe was on bear market rally

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USDCHF, D1, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf d1 rally

USDCHF, D1, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


and USDCHF H4 timeframe reversed in the end of the week to primary bullish :


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USDCHF, H4, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf reversal to bullish

USDCHF, H4, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo



Sergey Golubev
Moderator
114338
Sergey Golubev  

I think - most interesting pair to trade for the next week will be USDJPY.

D1 was on bear market rally within primary bearish , and the price came very close to Sinkou Span B line for fully reversal to primary bullish :

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USDJPY, D1, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

USDJPY D1

USDJPY, D1, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


And USDJPY H4 timeframe was on flat within bullish, but if the price will try to go further so it will meet few very strong resistance lines :

MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy h4 flat

USDJPY, H4, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


Thus, USDJPY will be most interesting pair to watch and to trade for the next week.

Sergey Golubev
Moderator
114338
Sergey Golubev  

And all forming/developing patterns starting from M6 till H12 are on downtrend (we are talking about USDJPY) - for example :

MetaTrader Trading Platform Screenshots

USDJPY, M6, 2013.06.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy m6 downtrend

USDJPY, M6, 2013.06.22, MetaQuotes Software Corp., MetaTrader 5, Demo


I think - main trend (bearish) will be continuing on D1 after rally finished, and price on H4 timeframe will go down to inside Ichimoku cloud ... anyway - will see.

Sergey Golubev
Moderator
114338
Sergey Golubev  

This is news events for the next week which may be affected on the movement of USDJPY price :

2013-06-24 08:00 GMT | [EUR - IFO Business Climate]

2013-06-24 23:50 GMT | [JPY - Corporate Goods Price Index (CSPI]

2013-06-25 12:30 GMT | [USD - Durable Goods Orders]

2013-06-25 14:00 GMT | [USD - Consumer Confidence]

2013-06-25 14:00 GMT | [USD - New Home Sales]

2013-06-26 12:30 GMT | [USD - Gross Domestic Product (GDP)]

2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)]

2013-06-27 23:30 GMT | [JPY - National CPI Core]

2013-06-27 23:50 GMT | [JPY - Retail Sales]

2013-06-28 13:45 GMT | [USD - Chicago PMI Index]

2013-06-28 13:55 GMT | [USD - University of Michigan Consumer Confidence Index]

===========

I think - Friday (28 of June) is not very understandable for now because I think - it will be some speaches (FOMC or something) so it will be updated for the next week for example.

Sergey Golubev
Moderator
114338
Sergey Golubev  

Just about the following :

2013-06-24 08:00 GMT | [EUR - IFO Business Climate]

As actual was same as forecast data so we did not see big price movement

MetaTrader Trading Platform Screenshots

USDCHF, M1, 2013.06.24

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m1

USDCHF, M1, 2013.06.24, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.06.24

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m1

EURUSD, M1, 2013.06.24, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  
That is flat ... at least for EURUSD and USDCHF ... no any news events ... no any good price movement ... nothing ...
Sergey Golubev
Moderator
114338
Sergey Golubev  

About USD - Durable Goods Orders which we had 20 minutes ago - read this post. About the price movement :

  • EURUSD: +35 pips
  • USDJPY: +30 pips (read here)
  • USDCHF: +34 pips
  • GBPUSD: +30 pips

----------

Totallt : +129 pips


MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.06.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd durable

EURUSD, M5, 2013.06.25, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDCHF, M5, 2013.06.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf durable

USDCHF, M5, 2013.06.25, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

GBPUSD, M5, 2013.06.25

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd durable

GBPUSD, M5, 2013.06.25, MetaQuotes Software Corp., MetaTrader 5, Demo