Forecast and levels for EURO - page 40

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Sergey Golubev, 2020.09.13 09:22

EUR/USD - bullish daily ranging for direction; 1.20 is the key (based on  the article)

EURUSD daily Ichimoku chart by Metatrader 5

  • "It was widely assumed early last week that ECB President Christine Lagarde would talk down the Euro to prevent EUR/USD stretching above 1.20, sending Eurozone inflation deeper into negative territory. Instead, we heard only that the ECB discussed the Euro’s appreciation at the latest meeting of its Governing Council and will monitor the exchange rate carefully. That has given Euro bulls the green light to push EUR/USD well over 1.20 to levels not seen since the first four months of 2018."

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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:


 

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Sergey Golubev, 2020.10.02 17:11

Intra-Day Fundamentals - EUR/USD, Brent Crude Oil and Dollar Index (DXY): United States Nonfarm Payrolls

2020-10-02 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 1489K
  • forecast data is 900K
  • actual data is 661K according to the latest press release

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

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.

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From official report :

  • "Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month, mainly in state and local government education."

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EUR/USD: range price movement by Nonfarm Payrolls news events

EUR/USD: range price movement by Nonfarm Payrolls news events

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Brent Crude Oil: range price movement by Nonfarm Payrolls news events

Brent Crude Oil: range price movement by Nonfarm Payrolls news events

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Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

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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:

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

 

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Sergey Golubev, 2020.10.08 16:43

Intra-Day Fundamentals - EUR/USD and Dollar Index (DXY): United States Initial Jobless Claims

2020-10-08 13:30 GMT | [USD - United States Initial Jobless Claims]

  • past data is 849K
  • forecast data is 820K
  • actual data is 840K according to the latest press release

if actual < forecast (or previous value) = good for currency (for USD in our case)

[USD - United States Initial Jobless Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week.

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From pymnts article :

  • "For the week ending Oct. 3, the advance figure for seasonally adjusted initial claims was 840,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 12,000 to 849,000, up from 837,000. The new number easily tops the pre-pandemic record high of 695,000 from 1982."

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EUR/USD: range price movement by United States Initial Jobless Claims news events

EUR/USD: range price movement by United States Initial Jobless Claims news events

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Dollar Index (DXY): range price movement by United States Initial Jobless Claims news events

Dollar Index (DXY): range price movement by United States Initial Jobless Claims 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:

All about BrainTrading system for MT5:


 

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Sergey Golubev, 2020.10.24 10:00

EUR/USD - ranging waiting for the daily bullish reversal; 1.1880 is the key resistance (based on the article)

EUR/USD daily Ichimoku chart by Metatrader 5

  • "The statement Thursday at the end of the next meeting of the European Central Bank’s Governing Council, and the subsequent comments by ECB President Christine Lagarde at her news conference, will be critical in determining the future direction of the Euro. There will be no changes in interest rates or Eurozone monetary policy this coming week but Lagarde could hint at a further policy easing as early as December – a move that could weaken EUR/USD and the Euro crosses. The problem is that the Governing Council seems split on the issue."

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

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:


 

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Sergey Golubev, 2020.11.01 06:01

EUR/USD - daily breakdown with the bearish reversal; 1.1612 is the key (based on  the article)

EUR/USD daily Ichimoku chart by Metatrader 5

  • "The European Central Bank dropped the strongest possible hint last Thursday that it’s planning to ease Eurozone monetary policy still further in December."
  • "EUR/USD is well supported at the 1.16 level but, if that breaks, substantial further losses look likely."

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

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:


 

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Sergey Golubev, 2020.11.07 09:03

EUR/USD - daily breakout with bullish reversal; 1.1917 is the key (based on  the article)

EURUSD daily Ichimoku chart by Metatrader 5

  • "The Euro gained cautiously against its major counterparts this past week on a very close US presidential election race. Most of its strength was against haven-linked currencies like the US Dollar and similarly-behaving Japanese Yen. Where it suffered was against growth-oriented ones like the New Zealand Dollar and Australian Dollar. The latter two appreciated alongside the Dow Jones, S&P 500 and Nasdaq Composite."

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

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:


 

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2020.11.23 14:04

EUR/USD Intra-Day Fundamentals: German Manufacturing PMI and range price movement 

2020-11-23 08:30 GMT | [EUR - German Manufacturing PMI]

  • past data is 58.2
  • forecast data is 55.0
  • actual data is 57.9 according to the latest press release 
if actual > forecast (or previous value) = good for currency (for EUR in our case)

[EUR - German Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

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From official report :

  • "Flash Germany Manufacturing PMI(3) at 57.9 (Oct: 58.2). 2-month low."
  • "Flash Germany Manufacturing Output Index( 4) at 62.7 (Oct: 65.1). 2-month low."
  • "Flash Germany Services PMI Activity Index(2) at 46.2 (Oct: 49.5). 6-month low."

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EUR/USD: range price movement by German Manufacturing PMI news event

EUR/USD: range price movement by German Manufacturing PMI 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:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth
  3. ASCTREND SYSTEM summary (good EAs included)
  4. Brainwashing system/AscTrend system (MT5) - the thread

 

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Sergey Golubev, 2020.11.24 10:31

EUR/USD Intra-Day Fundamentals: German GDP and range price movement 

2020-11-24 07:00 GMT | [EUR - German GDP]

  • past data is 8.2%
  • forecast data is 8.2%
  • actual data is 8.5% according to the latest press release 
if actual > forecast (or previous value) = good for currency (for EUR in our case)

[EUR - German GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "The gross domestic product (GDP) rose by 8.5% in the third quarter of 2020 compared with the second quarter of 2020 after adjustment for price, seasonal and calendar variations. Thus, the German economy could offset a large part of the massive decline in the gross domestic product recorded in the second quarter of 2020 due to the coronavirus pandemic. However, the price-, seasonally and calendar-adjusted GDP was still 4.0% lower in the third quarter of 2020 thanin the fourth quarter of 2019, that is the quarter before the global coronavirus crisis. The Federal Statistical Office (Destatis) reports that the increase of the gross domestic product in the third quarter of 2020 was slightly stronger than reported in the first release of 30 October 2020 (+8.2%)."

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EUR/USD: range price movement by German GDP news event

EUR/USD: range price movement by German GDP news event

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


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.12.07 15:11

EUR/USD Intra-Day Fundamentals: German Industrial Production and range price movement 

2020-12-07 07:00 GMT | [EUR - German Industrial Production]

  • past data is 2.3%
  • forecast data is 7.7%
  • actual data is 3.2% according to the latest press release 
if actual > forecast (or previous value) = good for currency (for EUR in our case)

[EUR - German Industrial Production] = Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

==========

From official report :

  • "+3.2% on the previous month (price, seasonally and calendar adjusted)"
  • "-3.0% on the same month a year earlier (price and calendar adjusted)"

==========

EUR/USD: range price movement by German Industrial Production  news event

EUR/USD: range price movement by German Inductrial Production news event

==========

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

All about BrainTrading system for MT5:


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.12.08 14:26

EUR/USD Intra-Day Fundamentals: European Union Employment Change and range price movement 

2020-12-08 10:00 GMT | [EUR - European Union Employment Change]

  • past data is 0.9%
  • forecast data is 0.9%
  • actual data is 1.0% according to the latest press release 
if actual > forecast (or previous value) = good for currency (for EUR in our case)

[EUR - European Union Employment Change] = Change in the number of employed people.

==========

From official report :

  • "The number of employed persons increased by 1.0% in the euro area and by 0.9% in the EU in the third quarter of 2020, compared with the previous quarter. These were the strongest increases observed since time series started in 1995. In the second quarter of 2020, employment had decreased by 3.0% in the euro area and by 2.8% in the EU."

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EUR/USD: range price movement by European Union Employment Change news event

EUR/USD: range price movement by European Union Employment Change news event

EUR/USD: range price movement by European Union Employment Change news event

==========

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

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread 

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