Market Condition Evaluation based on standard indicators in Metatrader 5 - page 144

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Sergey Golubev, 2016.01.26 16:26

EUR/USD Intra-Day Fundamentals: CB Consumer Confidence and 10 pips range price movement

2016-01-26 15:00 GMT | [USD - CB Consumer Confidence]

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

[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.

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"The Conference Board Consumer Confidence Index®, which had increased in December, improved moderately in January. The Index now stands at 98.1 (1985=100), up from 96.3 in December. The Present Situation Index was unchanged at 116.4, while the Expectations Index increased from 83.0 to 85.9 in January."

“Consumer confidence improved slightly in January, following an increase in December,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions held steady, while their expectations for the next six months improved moderately. For now, consumers do not foresee the volatility in financial markets as having a negative impact on the economy.”

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EURUSD M5: 10 pips range price movement by CB Consumer Confidence news event :



 

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Sergey Golubev, 2016.01.27 07:04

AUD/USD Intra-Day Fundamentals: AUD Consumer Price Index and 39 pips price movement

2016-01-27 00:30 GMT | [AUD - CPI]

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

[AUD - CPI] = Change in the price of goods and services purchased by consumers.

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"THE ALL GROUPS CPI

  • rose 0.4% this quarter, compared with a rise of 0.5% last quarter.
  • rose 1.7% over the twelve months to the December quarter 2015, compared with a rise of 1.5% over the twelve months to the September quarter 2015."

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AUDUSD M5: 39 pips price movement by AUD - Consumer Price Index news event :



 

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How to Start with Metatrader 5

Sergey Golubev, 2014.03.26 19:51

Building an Automatic News Trader



As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements". Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals.


 

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Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase.

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :


flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :



 
 

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Sergey Golubev, 2016.01.27 10:51

Technical Targets for EUR/USD - United Overseas Bank (based on the article)

EUR/USD: Bearish with target of 1.0710. 

  • "In line with expectations, the recent EUR/USD strength extended higher to test the 1.0875/80 resistance (high of 1.0873). The undertone remains positive and from here, a move towards 1.0895/00 will not be surprising. Only a move back below 1.0815 would indicate that the current mild upward pressure has eased."
  • "Thus, the short-term EUR strength appears to have room to extend higher but as long as the stop-loss at 1.0905 is intact, we continue to hold a bearish view. That said, as highlighted previously, downward momentum is not impulsive and a move below the major support at 1.0710 appears unlikely for now."
Resistance
Support
1.0992
1.0777
1.10591.0710


If daily price will break 1.0777 support level on close bar so the primary bearish will be continuing with 1.0710 target to re-enter.
If the price will break 1.0992 resistance level so the reversal of the daily price movement from the porimary bearish to the primary bullish market condition will be started with 1.1059 target.
If not so the price will be ranging within the levels.

  • Recommendation for long: watch close price to break 1.0992 for possible buy trade
  • Recommendation to go short: watch close daily price to break 1.0777 support level for possible sell trade
  • Trading Summary: ranging

SUMMARY : bearish

TREND : bearish ranging on reversal

 

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Sergey Golubev, 2016.01.27 16:41

EUR/USD Intra-Day Fundamentals: New Home Sales and 20 pips price movement

2016-01-27 15:00 GMT | [USD - New Home Sales]

  • past data is 491K
  • forecast data is 500K
  • actual data is 544K according to the latest press release

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

[USD - New Home Sales] = Annualized number of new single-family homes that were sold during the previous month.

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EURUSD M5: 20 pips price movement by New Home Sales news event :



 

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Sergey Golubev, 2016.01.27 20:11

EUR/USD Intra-Day Fundamentals: Federal Funds Rate and 44 pips price movement

2016-01-27 19:00 GMT | [USD - Federal Funds Rate]

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

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

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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"Committee is closely monitoring global economic and financial developments and is assessing their implications for the labor market and inflation, and for the balance of risks to the outlook.

Given the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation."

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EURUSD M5: 44 pips price movement by Federal Funds Rate news event :



 

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Sergey Golubev, 2016.01.27 20:32

USD/JPY Intra-Day Fundamentals: Federal Funds Rate and 35 pips price movement

2016-01-27 19:00 GMT | [USD - Federal Funds Rate]

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

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

[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

==========

"Committee is closely monitoring global economic and financial developments and is assessing their implications for the labor market and inflation, and for the balance of risks to the outlook."

==========

USDJPY M5: 35 pips price movement by Federal Funds Rate news event :



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