Analytics News and Market Forecast

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The goal of the webinar is to demystify neural networks, explain neural networks in plain English, and share easy to understand code examples how NN can be used. 'Artificial Intelligence systems will sooner or later beat any human expert' - Gerd Häußler - 'Algorithm-based models (or alpha theory-driven models) follow programmed rules that were developed…

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W1 price is located above 200 period SMA and above 100 period SMA for primary bullish with small little correction which was started in the end of May this year: Trend:

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Weekly price is located below 100-period SMA and 200-peiod SMA for the primary bearish market condition with secondary ranging between 1232.40 resistance and 1156.82 support levels:

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W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 1306.81 resistance level and 1132.00 support level: Trend:

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You can ask your broker directly about their dealing desk policy. This is largely because they feel uncomfortable about admitting their status as the counterparty to your trade, and because they generally do not educate their staff in the nuances of how they operate and make money.

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Day Trading and Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves
by Kathy Lien
Discover a variety of technical and fundamental profit-making strategies for trading the currency market with Day Trading and Swing Trading the Currency Market. In this book, Kathy Lien – Director of Currency Research for one of the most popular Forex providers in the world – describes everything from time-tested technical and fundamental strategies you can use to compete with bank traders to a host of more fundamentally-oriented strategies involving intermarket relationships, interest rate differentials, option volatility, news events, and central bank intervention.


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Let's provide simple forecasting to crude oil at year-end using simple technical analysis tools:
support and resistance lines, and
Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5)
As we see from the charts below (W1 timeframe and MN1 timeframe for EUR/USD) - 45.17 is the key support level for for both timeframes. On W1 timeframe - the price is located below 100 SMA and below 200 SMA for primary bearish market condition, and triangle pattern was broken by close weekly price from above to below for the bearish trend to be continuing. nearest support level is 51.39 and the next one is 45.17.
MN1 timeframe: the price is breaking triangle pattern for downtrend with key support level as 45.17.


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Many banks estimated the value of EUR/USD at year-end as 1.04. For example, Barclays made forecasting long time before Grexit, 2 days before Grexit and after Grexit with one same value: 1.04. Let's evaluate this forecasting to prove it or to reject for example using simple technical analysis tools:
support and resistance lines, and
Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5)
As we see from the charts below (W1 timeframe and MN1 timeframe for EUR/USD) - 1.0461 is the key support level for this pair for both timeframes. On W1 timeframe - the price is located below 100 SMA and below 200 SMA for primary bearish market condition trying to break the triangle pattern from above to below for the bearish trend to be continuing.
MN1 timeframe: the price is ranging within the primary bearish between 1.0461 support and 1.1533 resistance level, and 1.0461 support level is the nearest one for this timeframe.


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W1 price is located above 200 period SMA for the primary bullish and below 100 period SMA for the secondary ranging market condition between 141.05 resistance level and 126.09 support level:
the price is on bullish ranging between key levels;
price crossed 38.2% Fibo at 135.35 fron above to below and it is trying to break 50.0% Fibo at 133.56 for the correction to be started;
If weekly price will break 50.0% Fibo at 133.56 on close weekly bar so the secondary correction will be started within the primary bullish market condition with 61.8% Fibo at 131.77 as a next target, otherwise the price will be ranging within the familiar levels.
Trend:


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