Forecast and levels for EURO - page 39

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Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.07.11 13:07

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

EUR/USD daily Ichimoku chart by Metatrader 5

  • 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:


 

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Press review

Sergey Golubev, 2020.07.14 12:29

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

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

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.

==========

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

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

==========

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

==========

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


 

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Press review

Sergey Golubev, 2020.07.18 14:01

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

EUR/USD Ichimoku daily chart by Metatrader 5

  • "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:


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.07.25 11:56

EUR/USD - bullish breakout with 1.1626 crossing to above; waiting for possible retracement(based on  the article)

EUR/USD daily Brainwashing chart by Metatrader 5

  • "The agreements by EU leaders on a budget and a recovery fund have given EUR/USD a boost and prepared the ground for a further advance that could take the pair back to its autumn 2018 highs."
  • "However, traders should watch out for a possible retracement first as the pair is now technically overbought."

==========

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



 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.08.07 15:32

Intra-Day Fundamentals - EUR/USD, USD/JPY and Brent Crude Oil: United States Nonfarm Payrolls

2020-08-07 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 4791K
  • forecast data is 1530K
  • actual data is 1763K 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.

==========

From official report :

  • "Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In July, notable job gains occurred in leisure and hospitality, government, retail trade, professional and business services, other services, and health care."

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

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

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

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

==========

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

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

==========

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

 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.08.11 13:04

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

2020-08-11 10:00 GMT | [EUR - German ZEW Economic Sentiment]

  • past data is 59.3
  • forecast data is 57.0
  • actual data is 71.5 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.

==========

From official report :

  • "In August 2020, the ZEW Indicator of Economic Sentiment for Germany increased again significantly compared to the previous month, after having declined slightly in July. Expectations are now at 71.5 points, 12.2 points higher than in the previous month. The assessment of the economic situation in Germany has slightly worsened, with the corresponding indicator decreasing 0.4 points to minus 81.3 points in the current August survey."

==========

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

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

==========

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

==========

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


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.08.27 15:08

Intra-Day Fundamentals - EUR/USD, USD/CNH and Dollar Index: United States Gross Domestic Product (GDP)

2020-08-27 13:30 GMT | [USD - GDP]

  • past data is -32.9%
  • forecast data is -32.5%
  • actual data is -31.7% according to the latest press release

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

[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent."

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EUR/USD: range price movement by  United States Gross Domestic Product news events

EUR/USD: range price movement by United States Gross Domestic Product news events

==========

USD/CNH: range price movement by  United States Gross Domestic Product news events

USD/CNH: range price movement by United States Gross Domestic Product news events

==========

Dollar Index (DXY): range price movement by  United States Gross Domestic Product news events

Dollar Index (DXY): range price movement by United States Gross Domestic Product news events

==========

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

 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.08.30 10:21

EUR/USD - daily bullish ranging within 1.1754/1.1965 s/r levels; weekly bullish breakout; 1.1965 is the key (based on the article)

EUR/USD daily chart by Metatrader 5

EUR/USD weekly chart by Metatrader 5

  • "Fed Delivers as Expected, USD Selling Exacerbated by Month-End Flows. Stretched Euro Positioning Reduces the Appeal in the Short Term."
  • "EUR/USD holding patten as markets await September breakout. US Dollar selling the dominant theme."

==========

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


 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.09.04 15:12

Intra-Day Fundamentals - EUR/USD, NZD/USD and Dollar Index: United States Nonfarm Payrolls

2020-09-04 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 1734K
  • forecast data is 1375K
  • actual data is 1371K 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.

==========

From official report :

  • "In August, the unemployment rate declined by 1.8 percentage points to 8.4 percent, and the number of unemployed persons fell by 2.8 million to 13.6 million. Both measures have declined for 4 consecutive months but are higher than in February, by 4.9 percentage points and 7.8 million, respectively. (See table A-1. For more information about how the household survey and its measures were affected by the coronavirus pandemic, see the box note at the end of this news release.)"

==========

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

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

==========

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

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

==========

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


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

==========

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

 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2020.09.10 13:57

EUR/USD Intra-Day Fundamentals: ECB Interest Rates, Monetary Policy Statement and range price movement 

2020-09-10 12:45 GMT | [EUR - Main Refinancing Rate]

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

[EUR - Main Refinancing Rate] = Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.

==========

From official report :

  • "The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics."

==========

EUR/USD: range price movement by ECB  Interest Rates news event

UR/USD: range price movement by ECB Interest Rates 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:


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