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Trend analysis EURUSD 16.05.12

16/05/2012

EURUSD

On the 4-hours chart:

The pair had continued the downward trend. It was a rebound from the resistance line 1 near the cross with the trend line 2. After that it was broken the support line 3. It is at about 60 pips until previous target 1.2625. If the support level 1.2625 could be broken, the pair will remain the downward dynamics.

On the 1-hour chart:

The pair had left the channel between the support line 1 and the resistance line 2. Later it was formed the support line 3 and the resistance line 4. According to the present channel, the pair could reach the target level today. It was formed the resistance level 1.2738 at the beginning of the day.

On the 15-minutes chart:

The pair had started the day in the flat between the support level 1.2723 and the resistance level 1.2737. It had been broken the support level and was confirmed as a resistance and the pair had formed the resistance line 1. After that the pair had started to decrease along the line. After that it had been formed the support line 2 and now the price fluctuates in the correction between the lines.

According to this, the pair could reach the target level 1.2625 today. If the price will reach the target level and could break it, I will wait for the foothold under the level. If it could happen, I will remain the short position opened. Some traders could close the deals around the target level and open it once more under the level. However, it could be expected the flat or consolidation around the target level.

Trend analysis GBPUSD 16.05.12

16/05/2012

GBPUSD

On the 4-hours chart:

The pair had continued the downward trend. Moreover, the tendency had strengthened since it was broken the channel line 1. Earlier the price had rebounded from the trend line 2 and it was broken the support level 1.6057 as well as the support line 3. The pair fluctuates near the support level 1.5970.

On the 1-hour chart:

The pair had rebounded from the resistance line 1 and had continued the downward dynamics. It were broken the lines 2, 3 and 4 and support levels 1.6083 and 1.6057. It had started the correction now. The pair could increase to resistance line 4, however, after that the decrease could continue.

On the 15-minutes chart:

The pair had continued the decreasing trend and had formed the resistance line 1. At the beginning of the day the line was broken and the price had formed the resistance line 2 that had been broken later. Also, the line 1 could be determined as a support. The pair had started the correction and had broken the resistance line 2. But it seems like the correction had finished. Any way the last dynamics had shown the weakening of the decrease. According to the strength of the support level 1.5965 it could be supposed the consolidation near the level, however, the level could be broken. Present dynamics it instable, and many traders could quit the market.

Trend analysis USDCHF 16.05.12

16/05/2012

USDCHF

On the 4-hours chart:

The pair had rebounded from the cross of the support lines 1 and 2. And the price had continued the growth that had been interrupted by the small correction. Later the price had started the other correction after the rebound from the resistance line 3. Some time ago it was broken the channel line of the short-term growth and now the pair gets closer to previous high level in the middle-term growth 0.9535.

On the 1-hour chart:

The pair had rebounded from the support lines 1 and 2. After that the price had increased to the resistance line 3. Later it was formed the line 4. However, the pair is still fluctuates along the resistance line 3. It could be supposed that the price growing channel could tighten to the support line 4 or 5 and resistance line 3. However, the pair could decrease to the support line 1.

On the 15-minutes chart:

The pair had started the day between the support line 1 and the resistance line 2. The volatility had started to increase in a couple of hours. The pair had left the channel and had increased higher the resistance line but later the price had arrived into the channel.

There are some possibilities according to the present situation. The price could decline to the support lines 1 and 2 on the 4-hour chart. However, the growing dynamics could remain. Also, it could start the side stream dynamics. The situation is instable and many traders could quit the market.

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR since 2012.05.15

16/05/2012

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Stochastic_PSAR.html

Let’s look through the signals received since the beginning of trading the beginning of the trading on Tuesday 15 may until the current time.

EURUSD

The signals received during the analyzed period are:

1) The closing price of the candle is below the MA

2) Parabolic SAR modes up

3) Stochastic crossed the 37 level downwards

Sell on the next candle at a price 1.2802. After the oscillator gave the bullish signal, close the position at 1.2733. Gain: 69 pips.

GBPUSD

The signals received during the day are:

1) Stochastic crossed the 37 level from the upside down

2) The closing price of the candle lowered below the MA

3) Parabolic SAR moved up

Open the short position with the next candle at a price 1.6067.

Stochastic is fluctuating within the oversell area suggesting the strong downward tendency. Close the position at a price 1.5967 after the receiving the final cross from the oscillator. Gain: 100 pips.

USDCHF

The signals received are:

1) The closing price of the candle is higher than MA

2) Parabolic SAR mover down

3) Stochastic crossed the 63 level from the downside up

Buy on the next candle at a price 0.9379.

Stochastic is fluctuating within the overbought area, which suggests the strong upward trend. After the beginning of the intensive decline of the oscillator, close the position at a price 0.9432. Gain: 53 pips.

USDJPY

The analyzed period has brought the following signals:

1) Parabolic SAR moved down

2) The closing price of the candle grew above the MA

3) Stochastic crossed the 36 level upwards

Buy at 80.00.

Stochastic crosses the signal line from the upside down – close the position at a price 80.22. Gain: 22 pips.

In summary:

Total gain for the Stochastic + Parabolic SAR strategy was 244 pips.

Daily review of the effectiveness of Sidus trading strategy since the May15

16/05/2012

Daily review of the effectiveness of Sidus trading strategy

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Sidus.html

Let’s look through the signals received since the beginning of trading on Tuesday 15 May until the current time.

EURUSD

The signals received during the analyzed period are:

• MA18 is below the MA28

• RVI crosses the signal line from the upside down

Sell at the opening price of the next candle – 1.2847.

After the receiving from the oscillator the signal to exit, close the position at 1.2732. Gain: 115 pips.

GBPUSD

The signals received during the analyzed period are:

• MA18 is below the MA28

• RVI crosses the signal line from the upside down

Open the short position at 1.6077.

RVI gives the signal to exit. Close on the next candle at 1.6040. Gain: 37.

In addition, RVI has given another signal to sell at 1.6004. Signal to exit was not come yet.

USDCHF

The signals received during the day are:

• MA18 is above the MA28

• RVI crosses the signal line upwards

Buy at 0.9347.

Close the position after the receiving the exit signal from RVI at a price 0.9432. Gain: 85 pips.

USDJPY

The signals received during the day are:

• MA18 crosses the MA28 from the downside up

• RVI crosses the signal line in the same direction

Open the long position at 80.11.

Oscillator crosses the signal line from the upside down – close at a price 80.18. Gain: 7 pips.

In summary:

Total gain for the Sidus strategy was 244 pips.

Trend analysis USDJPY 16.05.12

16/05/2012

USDJPY

On the 4-hours chart:

The price had increased from the support level 79.79 and support line 1. It were broken the cross of the resistance lines 2 and 3. Later it was a rebound from the resistance level 80.45 and it had started the consolidation between the resistance level and support line 4.It was a rebound from the middle-term trend line earlier and the price had started the trend direction dynamics.

On the 1-hour chart:

The pair had increased higher the resistance lines 1 and 2 at the point of cross, also it were broken the resistance lines 3 and 4. After that the price had rebounded from the resistance level 80.45. After that it was a rebound from the cross of the lines 3 and 4 and had confirmed it as a support. After that it was broken the resistance level. Also, it was formed the support line 5.

On the 15-minutes chart:

The pair had started the day under the lines 1 and 2. However, the lines were broken and the price had increased to the resistance level 80.45 and it had started the correction. It was a lowering to the cross of the lines 1 and 2 and the growth had continued. It was formed the trade channel between the support line 3 and resistance line 4. According to the present situation the growth could remain. If the pair could foothold higher the level 80.45, it will be a good entering point for the long position.

Fundamental analysis

16/05/2012

It was some statistics today. Italian global trade balance in March had increased to 2.064 bln. euro after previous deficit of 1.113 bln. euro. Later it was published British statistics concerning the labor market. ILO unemployment rate in March had lowered by 0.1% from 8.3% vs. expected remaining. Claimant count change in April had increased by 13.7 thousands vs. forecasted growth by 5.0 thousands. ZWE investor sentiment in Switzerland had lowered to -4.0 from 2.1. European inflation final was at the level of the forecast – 0.5%. Eurostat trade n.s.a. was 8.6 bln. after previous 2.8 bln. euro. Mortgage market in the United States had increased by 9.2% vs. previous growth by 1.7%.

Trend analysis EURUSD 15.05.12

15/05/2012

EURUSD

On the 4-hours chart:

The pair had continued the declining tendency with the rebound from the resistance line 1 after the flat correction from the support line 2 that was formed earlier. After that the tendency was interrupted by the other correction, again, from the support line 2. And the price gets closer to the resistance line 1 and had almost broken the resistance line 3 now.

On the 1-hour chart:

The rice had pierced the resistance line 1 that had pressured the pair on Monday. The correction had started from the support line 2. It was almost reached the resistance line 3; however, the pair had faced the resistance level 1.2864. It is possible the continuation of previous declining tendency.

On the 15-minutes chart:

The pair had finished Monday in flat tendency. It was a rebound from the support level 1.2815 at the beginning of Tuesday and it had started the correction. The pair had increased to the resistance level 1.2864 after it was pierced the resistance line 1. The price had reversed and it had continued the trend tendency. If the price could break the support level 1.2815, it will be given the signal of the trend continuation. However, aggressive traders could open the short positions from the reverse point. As well, it expects the further foothold under the line 1 that could confirm it as a resistance after the break through. The potential of the trend is still at the level of 1.2625.

Trend analysis GBPUSD 15.05.12

15/05/2012

GBPUSD

On the 4-hours chart:

The pair gets closer to the end of the declining trend. The fluctuations were still placed in the trade channel between the support line 1 and the resistance line 2. It was a rebound from the support level 1.6057 and the pair had corrected to the resistance level 1.6109. After that the declining dynamics had continued, however, the support level had not been broken. The trend dynamics is restricted by the support line 3. The line 3 is the middle-term trend line, according to this it expects the end of the declining short-term trend after the pair will reach the line.

On the 1-hour chart:

The pair had fluctuated in flat tendency during the first part of Monday; however it had started the growth at the second part of the day. The price had reached the resistance level 1.6119 at the point of cross of the resistance lines 1 and 2. After that it was a rebound and the decrease had continued. The pair was fluctuated between the support area 1.6083/88 and the resistance line 2 at the end of Monday and at the first part of Tuesday. However, the pair had slipped after the second rebound from the resistance line 2. The decline had stopped at the level 1.6066. It seems like the pair could not break through the support level 1.6057. Any way it is strong support near the line 3.

On the 15-minutes chart:

The pair was fluctuated between the support line 1 and the resistance line 2 at the first part of the day. It was broken the resistance line 2 and the pair had increased to the resistance line 3. After that it was a rebound and the pair had continued the declining trend movement. The decreasing tendency had been restricted by the support level 1.6066 and it had started the recoil. It seems like it could be formed the new tendency that could break the nearest resistance lines. Also, the strong support line is close to the present price. This support line could change the direction of the present trend. According to this, it could be gained a good entrance points for the long positions. Present situation is instable, and many traders could refuse to trade or to close the deals. This situation could remain until it will be broken the long-term trend line or resistance lines 3 and 4.

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR for 2012.05.15

15/05/2012

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Stochastic_PSAR.html

Let’s look through the signals received since the beginning of trading on Monday until the current time.

EURUSD

The signals received during the analyzed period are:

Stochastic crossed the 37 level downwards, while the conditions of the MA and Parabolic SAR were fulfilled.

Sell on the next candle at a price 1.2868. After the oscillator gave the bullish signal, close the position at 1.2844. Gain: 24 pips.

GBPUSD

The signals received during the day are:

1) Parabolic SAR moved down

2) The closing price of the candle grew above the MA

3) Stochastic crossed the 63 level from the downside up

Open the long position with the next candle at a price 1.6085.

Close the position at a price 1.6105 after the receiving the closing signal from Stochastic. Gain: 20 pips.

USDCHF

The signals received are:

1) Stochastic crossed the 63 level from the downside up

2) Parabolic SAR mover down

Since the fact that the MA is already below the price graph, buy at the next candle at a price 0.9317.

Stochastic is fluctuating within the overbought area, which suggests the strong upward trend. After the crossing by the oscillator the 63 level downwards, close the position at a price 0.9364. Gain: 47 pips.

USDJPY

The analyzed period has brought the following signals:

1) Stochastic crossed the 37 level downwards

2) The closing price of the candle fell below the MA

3) Parabolic SAR moved up

Sell at 79.85.

Stochastic has been fluctuating within the oversell area. Close the position at 79.68 when the oscillator started to grow sharply. Gain: 17 pips.

In summary:

Total gain for the Stochastic + Parabolic SAR strategy was 108 pips.

Trend analysis USDCHF 15.05.12

15/05/2012

USDCHF

On the 4-hours chart:

The pair had increased higher the resistance line 1 however it had been a reverse after it was reached the resistance level 0.9365 and the price had arrived lower the line 1. According to this, it will be expected the further decline if the price could decrease lower the support lines. Also, it could be used the break of the support level 0.9304 as an additional confirmation of the reverse. As a result, the correction will be restricted by the growing trend line 4. Also, the pair could rebound from the line 5. These lines could measure the potential of the movement.

On the 1-hour chart:

The pair had broken the support line 1 after the rebound from the resistance level 0.9365. The pair tests the support line 2 and 3 now. The next support lines are 4 and 5. The line 2 is the channel line of the middle term trend; as a result, the pair could leave the channel for some distances. If the pair could decrease lower the support lines, it could be expected the decline to the support line 6. The foothold lower the level 0.9304 could be a goof confirmation of the recoil.

On the 15-minutes chart:

The pair had fluctuated under the resistance level 0.9365 at the beginning of the session, the character of the dynamics could be determined as a flat. But it was formed the resistance line 1 and the support line 2 later. The pair had broken the support line and had decreased to the support line 3 and it had started the consolidation between the support line and the resistance line 2. The lines have a cross at the end of the day, according to this, it could be expected the break of the consolidation borders. Considering the character of the dynamics it could be forecasted the break of the support line 3. As a result, the price will be placed between the middle term line 4 and the support line 5. It could be expected some fluctuations in this area, but later it predicts the break of the support line with the further decrease. The foothold lower the line 5 without break of the line 1 or 2 could be a good reverse signal. There are some short-term forecasts. The pair could finish the day between the support line 5 and the resistance line 4. The market situation is quiet instable, and many traders could decide to quit the market.

Daily review of the effectiveness of Sidus trading strategy for 2012.05.15

15/05/2012

Daily review of the effectiveness of Sidus trading strategy

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Sidus.html

Let’s look through the signals received since the beginning of trading on Monday until the current time.

EURUSD

The signals received during the analyzed period are:

• MA18 is below the MA28

• RVI crosses the signal line from the upside down

Sell at the opening price of the next candle – 1.2870.

After the receiving from the oscillator the signal to exit, close the position at 1.2846. Gain: 24 pips.

GBPUSD

There were no clear signals to open the position due to the flat which sharply changed to the growth.

USDCHF

The signals received during the day are:

• MA18 is above the MA28

• RVI crosses the signal line upwards

Buy at 0.9330.

Close the position after the receiving the exit signal from RVI at a price 0.9347. Gain: 17 pips.

USDJPY

The signals for this pair have been received with the big delay.

In summary:

Total gain for the Sidus strategy was 41 pips.

Трендовый анализ USDJPY 15.05.12

15/05/2012

USDJPY

On the 4-hours chart:

The pair had fluctuated between the middle-term trend line 1 and short-term trend lines 2 and 3. The pair increases weakly along and above the support line 1. It expects the growth after the lines 2 and 3 could be broken.

On the 1-hour chart:

The pair had rebounded from the resistance line 1, after that it had been the drop lower than 40 pips to the support level 79.71. The pair had recoiled from the support level and had increased higher the line 2. It was formed the support line 3 and the price increases along it now. The pair is pressured by the resistance lines 1 and 4.The pair had touched the cross of these lines and had recoiled back.

On the 15-minutes chart:

The pair had started the day in the consolidation between the support line 1 and the resistance line 2. But at the second part of the day the pair had skyrocketed to the resistance line 3. Now it fluctuates near the line. According to the present market situation it could be expected the break through the resistance line 3 in the near future. It will be a signal of the growing middle-term trend continuation. The pair could foothold above the line 2, however, it could be expected some overplay after the break through. Also, the pair could remain under the line 3. In this case it could be predicted the further decrease to the support line 4.

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR for the last friday

14/05/2012

Daily review of the effectiveness of trading strategy Stochastic + Parabolic SAR

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Stochastic_PSAR.html

Let’s look through the signals received during the Friday May 11.

EURUSD

The signals have been received disorderly due to the flat character of the dynamics during the analyzing period.

GBPUSD

The signals received during the day are:

1) Parabolic SAR moved up

2) Stochastic crossed the 37 level from the upside down

Since the fact that the closing price of the candle is already higher than MA, open the short position with the next candle at a price 1.6106.

Close the position at a price 1.6091 after the receiving the closing signal from Stochastic. Gain: 15 pips.

In addition, Stochastic has given one more signal to open the short position. Sell at 1.6084. Close the position after the crossing the signal line by oscillator at a price 1.6073. Gain: 11 pips.

USDCHF

There were no signals at this pair due to the inadequately reaction of the Stochastic to the dynamics of the price.

USDJPY

The clear signals to open the position have not been received due to the flat character of the daily tendency.

In summary:

Total gain for the Stochastic + Parabolic SAR strategy was 26 pips. According to the results of last week total revenue in case of trading by this strategy would have been 354 points.

Daily review of the effectiveness of Sidus trading strategy for the last friday

14/05/2012

Daily review of the effectiveness of the Sidus trading strategy.

Description of the strategy could be found here: http://masterforex.org/En/About/market_overview/Sidus.html

Let’s look through the signals received during the Friday May 11.

EURUSD

The signals have been received disorderly due to the flat character of the dynamics during the analyzing period.

GBPUSD

The signals received during the day are:

• MA18 crossed the MA28 from the upside down

• RVI crossed the signal line in the same direction

Sell at the opening price of the next candle – 1.6117.

Close the position on the last candle before the weekend at a price 1.6073. Gain: 44 pips.

USDCHF

The signals received during the day are:

• MA18 is higher than MA28

• RVI crosses the signal line from the downside up

Buy at 0.9277.

Close the position at the last candle of the week at a price 0.9292. Gain: 15 pips.

USDJPY

The clear signals to open the position have not been received due to the flat character of the daily tendency.

In summary:

Total gain for the Sidus strategy was 59 pips. According to the results of last week, total revenue in case of trading by this strategy would have been 417 points.