Market Condition Evaluation based on standard indicators in Metatrader 5 - page 71

Sergey Golubev
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newdigital, 2013.11.05 12:00

2013-11-05 09:30 GMT (or 10:30 MQ MT5 time) | [GBP - Services PMI]

if actual > forecast = good for currency (for GBP in our case)

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UK Service Sector Activity Rises At Fastest Pace Since 1997

British service sector activity expanded at the fastest pace in more than sixteen years in October, a survey by Markit Economics and the Chartered Institute of Purchasing & Supply (CIPS) revealed Tuesday.

The headline seasonally adjusted business activity index rose to 62.5 in October from September's 60.3. The October reading represented the sharpest rise in activity since May 1997.

"This has largely been the result of rising levels of incoming new business placed with service providers as market sentiment has improved in line with a strengthened economic climate," Markit said.


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GBPUSD, M5, 2013.11.05

MetaQuotes Software Corp., MetaTrader 5, Demo

GBPUSD M5 : 84 pips price movement by GBP - Services PMI

GBPUSD, M5, 2013.11.05, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
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newdigital, 2013.11.06 11:55

2013-11-06 09:30 GMT (or 10:30 MQ MT5 time) | [GBP - Industrial Production]

if actual > forecast = good for currency (for GBP in our case)

==========

U.K. Industrial Output Rebounds In September

British industrial production bounced back in September after two consecutive declines, the latest figures from the Office for National Statistics showed Wednesday. The rebound was stronger than expected by economists.

Total production rose 2.2 percent year-on-year in September following a 1.5 percent fall in August and a 1.1 percent decline in July. The consensus was for an increase of 1.8 percent.

Manufacturing output grew 0.8 percent annually in September. This comes after a 0.2 percent fall in August and a 0.4 percent drop in July. The outcome matched economists' forecast.


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GBPUSD, M5, 2013.11.06

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GBPUSD M5 : 24 pips down and 49 pips up by GBP - Industrial Production

GBPUSD, M5, 2013.11.06, MetaQuotes Software Corp., MetaTrader 5, Demo


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newdigital, 2013.11.06 17:05

2013-11-06 15:00 GMT (or 16:00 MQ MT5 time) | CAD - Ivey PMI]

if actual > forecast = good for currency (for CAD in our case)

==========

Canada Ivey Purchasing Managers Index at 62.8 in October

The Ivey Purchasing Managers Index was at 62.8 on a seasonally adjusted basis in October, indicating that purchasing activity in Canada expanded from September.

The index, which measures changes in economic activity as indicated by a panel of purchasing managers from across Canada, is sponsored by the Richard Ivey School of Business at Western University.

An index greater than 50 indicates an expansion of purchasing activity, while an index below 50 indicates a decline. The median forecast for October based on economists surveyed by Dow Jones was 51.5.



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USDCAD, M5, 2013.11.06

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USDCAD M5 : 25 pips price movement by CAD - Ivey PMI

USDCAD, M5, 2013.11.06, MetaQuotes Software Corp., MetaTrader 5, Demo


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newdigital, 2013.11.07 07:48

2013-11-07 00:30 GMT (or 01:30 MQ MT5 time) | AUD - Employment Change]

if actual > forecast = good for currency (for AUD in our case)

==========

Australia October Unemployment Rate 5.7%

The unemployment rate in Australia came in at a seasonally adjusted 5.7 percent in October, the Australian Bureau of Statistics said on Thursday.

That was in line with expectations and up from 5.6 percent in September.

However, the Australian economy added just 1,100 jobs in October to 11,639,200 - well shy of forecasts forecast for 10,000.


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AUDUSD, M5, 2013.11.07

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD M5 : 54 pips price movement by AUD - Employment Change

AUDUSD, M5, 2013.11.07, MetaQuotes Software Corp., MetaTrader 5, Demo


The chart was made using indicators and template from this post.
Sergey Golubev
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Sergey Golubev  

Just want to remind about Triangle Patterns :

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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.02.19 13:47

This is whole the thread about breakout :)

Breakout may be catchen

  • by Ichimoku indicator (Chinkou Span line is crossing the price on historical data), or
  • by Maksigen indicator 9as breakout last resistance line).

All the indicators with templates were uploaded to thisthread as the links to CodeBase and so on.

As to previous image - I described that I am not professional with patterns but it is some kind of price pattern when trendlines are creating criss-cross. if they price will create this criss-cross from up to down so it will be downtrend (may be - breakdown), if the price will break this criss-cross from down to up so it may be good uptrend.

I am trading those breakout/breakdown on the other thread uploading the results. And I keep this thread just for market condition evaluation only.



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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.09.05 09:53

3 Easy Triangle Patterns Every Forex Trader Should Know - Symmetrical Triangle



The first type of pattern is the symmetrical triangle pattern. It is formed by two intersecting trendlines of similar slope converging at a point called the apex.

In the above example of a symmetrical triangle you can easily see on the AUDUSD 1-Hour chart the intersection of a rising trendline and a downtrend line at the bottom of a larger trend. Sellers are unable to push prices lower and buyers can’t push price to new highs.



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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.09.05 09:55

3 Easy Triangle Patterns Every Forex Trader Should Know - Ascending Triangle

The next type of triangle pattern is the ascending triangle. It is easily recognized by a rising trend line intersecting with a flat resistance line. It is often regarded by traders as a bullish pattern characterized by a breaking out above resistance when completed. However, in the ascending triangle pattern, breakouts can take place below resistance. This can especially be the case when the trend prior to the triangle was down.




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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.09.05 09:56

3 Easy Triangle Patterns Every Forex Trader Should Know - Descending Triangle

The last triangle pattern is the descending triangle pattern. The descending triangle is characterized by an area of strong support intersecting a downward sloping trend line. When chartist see this pattern as part of a larger downtrend, they look for a continuation of the downtrend. A close break and close below the area of support would be a confirmation of this pattern signaling traders to enter short with a stop above the top of the pattern.




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newdigital, 2013.11.07 14:36

2013-11-07 12:45 GMT (or 13:45 MQ MT5 time) | EUR - Interest Rate]

  • past data is  0.50%
  • forecast data is  0.50%
  • actual data is  0.25% according to the latest press release

if actual > forecast = good for currency (for EUR in our case)

==========

ECB Unexpectedly Cuts Interest Rate To New Low

The European Central Bank sprung a surprise on Thursday by cutting the key interest rate to a record low in November, yielding to intense market speculation for such a move, given the combination of low inflation, record unemployment and a stronger currency.

The Governing Council, led by ECB President Mario Draghi, cut the main refinancing rate by 25 basis points to record low 0.25 percent, following the rate-setting session in Frankfurt. Previously, the bank slashed the rate by a quarter-point in May, which was the first reduction in nine months.



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EURUSD, M5, 2013.11.07

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EURUSD M5 : 46 pips price movement by EUR - Interest Rate

EURUSD, M5, 2013.11.07, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
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Sergey Golubev  

EURUSD pair moved more based on US GDP for now :

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EURUSD, M5, 2013.11.07

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EURUSD M5 moved more based on US GDP

EURUSD, M5, 2013.11.07, MetaQuotes Software Corp., MetaTrader 5, Demo