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Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.10.30 13:55
2014-10-30 12:30 GMT (or 13:30 MQ MT5 time) | [USD - GDP]if actual > forecast (or actual data) = 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. It's the broadest measure of economic activity and the primary gauge of the economy's health.
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EURUSD, M5, 2014.10.30
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5: 36 pips price movement by USD - GDP news event
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.10.31 05:36
EUR/USD Technical Analysis: Bounce Hinted Above 1.25 Mark (based on dailyfx article)
The Euro appears to be returning to the down trend against the US Dollar after completing a Flag continuation pattern last week. A daily close below support in the 1.2500-34 area marked by the October 3 low and the 23.6% Fibonacci expansion exposes the 38.2% level at 1.2316. A Hammer candle hints a near-term bounce may be in the cards however. A turn above trend line resistance at 1.2746 clears the way for a challenge of the 23.6% Fib retracement at 1.2852.