Press review - page 679

[Sergey Golubev]

USD/JPY - primary bearish trend with 107.09 support level to be crossed to below with 106.07 as a key target (based on  the article)

• "Japanese Yen remains glued to Dow Jones, S&P 500 and Nasdaq Composite."
• "Delays in fiscal support, rising US coronavirus cases could boost JPY ahead."

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The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• Laguerre - indicator for MetaTrader 5 (as a part of Laguerre scalping system)

[Sergey Golubev]

EUR/USD - bullish triangle pattern was formed with 1.1370 resistance to 1.1422 as a key target (based on  the article)

• The coming week could well be a "wait and see" week for the Euro, with little action likely ahead of an ECB announcement Thursday onEurozone monetary policy followed by an EU summit to attempt to reach a consensus on a recovery fund."
• "For most of last week the Euro was lacking direction – with EUR/USD and EUR/JPY rising, EUR/GBP falling and EUR/CHF moving broadly sideways."
• "Now the major risk is stalemate on the recovery fund, which would likely weaken the Euro against all the other major currencies."
  

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The chart was made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
  

[Sergey Golubev]

XAU/USD - bullish ranging within 1789/1817 support/resistance levels waiting for direction(based on  the article)

• "Gold prices could retreat if a second wave of the coronavirus hits the global economy."
• "XAU/USD losses may be amplified by rising unemployment figures, weak price growth."
• "Gold may surrender to USD if eroding fundamentals destabilize corporate debt market."
  

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5

Same system for MT4:

1. Brainwashing. Trades: manually and using EAs (MT4)
2. Brainwashing EAs - the thread (MT4)
3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread
4. Brainwashing: system development (MT4) - the thread

[Sergey Golubev]

USD/CNH Intra-Day Fundamentals: China Trade Balance and range price movement 

2020-07-14 03:53 GMT | [CNY - Trade Balance]

• past data is 443B
• forecast data is 410B
• actual data is 329B according to the latest press release

if actual > forecast (or previous good for currency (for CNY in our case)

[CNY - Trade Balance] = Difference in value between imported and exported goods during the previous month.

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From wfmz article :

• "China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a year earlier to $167.2 billion, rebounding from May’s 3.3% decline, customs data showed Tuesday. Exports edged up 0.4% to $213.6 billion, an improvement over the previous month’s 16.7% contraction. Imports of U.S. goods surged 10.6% to $10.4 billion despite tariff hikes in a fight with Washington over trade and technology. Exports to the United States gained 1% to $39.8 billion."

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USD/CNH: range price movement by China  Trade Balance news event 

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5 
• Ichimoku Cloud - indicator for MetaTrader 5
• Price prediction by Nearest Neighbor found by a weighted correlation coefficient - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5

Same system for MT4:

1. Brainwashing. Trades: manually and using EAs (MT4)
2. Brainwashing EAs - the thread (MT4)
3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
4. Brainwashing: system development (MT4) - the thread

[Sergey Golubev]

EUR/USD Intra-Day Fundamentals: German ZEW Economic Sentiment and range price movement 

2020-07-14 10:00 GMT | [EUR - German ZEW Economic Sentiment]

• past data is 63.4
• forecast data is 60.1
• actual data is 59.3 according to the latest press release 

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

[EUR - German ZEW Economic Sentiment] = Level of a diffusion index based on surveyed German institutional investors and analysts.

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From official report :

• "The ZEW Indicator of Economic Sentiment for Germany decreased slightly in July 2020. Expectations are now at 59.3 points, 4.1 points lower than in the previous month. The assessment of the economic situation in Germany has improved slightly for the second time since January 2020. The corresponding indicator currently stands at minus 80.9 points, an increase of 2.2 points compared to June."

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EUR/USD: range price movement by German ZEW Economic Sentiment news event

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• SilverTrend_NRTR - indicator for MetaTrader 5
• Fourier extrapolation of price - indicator for MetaTrader 5

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The forum threads

1. Key forum thread - Fast Fourier Transform - Cycle Extraction - the thead with FFTfiltr indicator and explanation
2. New EA based on the !xMeter (!xMter based on Fast Fourier Transform) - the thread 
3. Many FFT indicators with examples and explanations - the thread 
4. Ticks Before The News - the thread with many FFT indicators and explanation how to trade

CodeBase

1. dt_FFT - library for MetaTrader  
2. LGLIB - Numerical Analysis Library - library for MetaTrader 4 
3. ALGLIB - Numerical Analysis Library - library for MetaTrader 5 
4. AFIRMA - indicator for MetaTrader 5
   
5. Fourier extrapolation of price - indicator for MetaTrader 5

The articles

• Introduction to the Empirical Mode Decomposition Method  
  
• Building a Spectrum Analyzer  
• Analysis of the Main Characteristics of Time Series

[Sergey Golubev]

Intra-Day Fundamentals - Dollar Index, NZD/USD and USD/CAD: United States Retail Sales Ex Autos

2020-07-16 13:30 GMT | [USD - Core Retail Sales]

• past data is 12.1%
• forecast data is 5.0%
• actual data is 7.3% according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - Core Retail Sales] = Change in the total value of sales at the retail level, excluding automobiles.

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From rttnews article :

• "Reflecting the reopening of businesses following the coronavirus-induced lockdowns, the Commerce Department released a report on Thursday showing another substantial increase in U.S. retail sales in the month of June. The report said retail sales soared by 7.5 percent in June after skyrocketing by an upwardly revised 18.2 percent in May. The report showed a notable slowdown in the pace of growth by motor vehicles and parts dealers, although auto sales still jumped by 8.2 percent in June after spiking by 48.7 percent in May. Excluding sales by motor vehicles and parts dealers, retail sales shot up by 7.3 percent in May after soaring by 12.1 percent in May. Ex-auto sales were also expected to surge up by 5.0 percent."

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Dollar Index (DXY): range price movement by United States Retail Sales Ex Autos news events

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NZD/USD: range price movement by United States Retail Sales Ex Autos news events

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USD/CAD: range price movement by United States Retail Sales Ex Autos news events

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

• BrainTrend2Sig indicator from Codebase (free to download)
• Ichimoku Cloud - indicator for MetaTrader 5
• ChandeQStick - indicator for MetaTrader 5
• MaksiGen_Range_Move MTF - indicator for MetaTrader 5

All about BrainTrading system for MT5:

• BrainTrending indicators to download with template.
• Rules to trade manually
  
• How to install

[Sergey Golubev]

EUR/USD - bullish breakout with 1.1422 crossing to above with 1.1451 as a nearest target to re-enter (based on  the article)

• "Key indicators instilled a bullish outlook for EUR/USD ahead of the second half of the year as a ‘golden cross’ emerged towards the end of June, with the 50-Day SMA (1.1172) and 200-Day SMA (1.1058) still tracking a positive slope following the bullish signal. In turn, a bull flag formation appears to be unfolding as EUR/USD takes out the June high (1.1423), and the bullish momentum may gather pace over the coming days as the RSI rebounds from trendline support and continues to track the upward trend from earlier this year."

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

The chart was made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
  

[Sergey Golubev]

Apple - bullish ranging within 339.82/372.38 levels (based on the article)

• "Apple’s (NASDAQ:AAPL) market cap has almost doubled, from about $900 billion at the end of 2017 to about $1.7 trillion currently. Now looking solely at Apple’s fundamentals, the numbers don’t really add up. Apple’s revenues and net profits are up by less than 15% over this period, with revenues growing by roughly $30 billion and profits rising $7 billion. However, investors have valued Apple more richly, with its P/E expanding from about 18x at the end of 2017 to about 32x presently. There are three broad narratives driving Apple’s multiple expansion, namely, the pending launch of the 5G iPhone, strong services growth, and Apple’s position as a safe-haven stock. While these factors broadly make sense, there are some real risks that investors should be aware of."

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

The chart was made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• Price prediction by Nearest Neighbor found by a weighted correlation coefficient - indicator for MetaTrader 5
  

[Sergey Golubev]

USD/CAD Intra-Day Fundamentals: Canada Core Retail Sales and range price movement 

2020-07-21 13:30 GMT | [CAD - Core Retail Sales m/m]

• past data is -22.0%
• forecast data is 11.9%
• actual data is 10.6% according to the latest press release

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

[CAD - Core Retail Sales m/m] = Change in the total value of sales at the retail level, excluding automobiles.

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From official report :

• "Retail sales were up 18.7% in May to $41.8 billion. Motor vehicle and parts dealers led the growth, followed by an increase in sales in almost all other subsectors. Although sales increased in May, retail sales remain 20.0% below February levels."

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USD/CAD: range price movement by Canada Core Retail Sales news event 

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ASCtrend - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
  

[Sergey Golubev]

U.S. Commercial Crude Oil Inventories news event: daily bullish; 44.25/44.86 are the nearest key resistance targets

2020-07-22 15:30 GMT | [USD - Crude Oil Inventories]

• past data is -7.5M
• forecast data is -2.1M
• actual data is 4.9M according to the latest press release

[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

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"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.9 million barrels from the previous week."

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Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events 

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The chart was made on MT5 with standard indicators of Metatrader 5 as well as the following indicators from CodeBase:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
  
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5