Horizontal Lines Breakout MT4 Indicator

It is a Multi-Time frame Indicator

It will only use the latest last 3 candlestick on the chart. By comparing between the 1st & 2nd candlestick, whichever candlestick has the highest point = HI , lowest point = LO. Then it will draw a horizontal line for the HI & LOW with a color orange. Then it will also draw another horizontal line for both HI & LOW with +/- 15 pips in lime color.


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Commerzbank holds bearish forecast for the euro / dollar

Euro / dollar has grown since the previous minimum in the region of 1.4625 to 1.4760 during the European session. As the currency analysts Commerzbank, the euro / dollar fell to 55-day moving average, however, could not the first attempt to overcome this area. The bank believes that rolling back the euro / dollar will continue up to 1.4845/60, but to overcome this area is unlikely, since the downward pressure in the pair increases. As part of the bearish forecast, analysts distinguish the level of 1.4595, where the uptrend line - in the case of a breakthrough at this level for euro / dollar may fall to the 1.4448/33 area (in June and a maximum rate of correction of Fibonacci) and, possibly, to a mark 1.4069 (38.2% correction growth from March-months). Currently, the euro / dollar traded at 1.4766.

Dollar falls after ISM report

ISM Report on the service sector in October was worse than expected, while, at the time as a disappointment to investors was the loss of the composite PMI index to 50.9 to 50.6 points (expected to increase to 51.5), an unfavorable impression of them also produced a fall in the index of employment 44.3 to 41.1 points. However, there has been increasing the index of new orders from 54.2 to 55.6 points, while from 48.8 to 53.0 increased the price index and the index of business activity showed a slight improvement, rising from 55.1 to 55.2 points. The initial reaction of the euro / dollar, tested in the run-up in the Offer record $ 1.4820, was reduced, but about $ 1.4800 shoppers to re-energize. To date, the couple renewed session highs and gnaw at Ofer in the area of $ 1.4845/60, which, according to dealers, in the short term, may limit the growth of the euro, given the reluctance of market participants to take aggressive action in anticipation of meeting FOMC. However, signals that the Committee's views on the rates remain unchanged, can support bears on the dollar, and dealers report that market rumors about the stop loss above $ 1.4870.

Warren Buffett puts $ 26 billion for future U.S.

BNSF is the first position on the transport of several categories of goods in the United States.

Investment firm BerkshireHathaway, owned by American billionaire Warren Buffett, acquired in his own company BurlingtonNorthernSantaFe (BNSF), the second-largest railroad conglomerate in the United States.

Occupying the whole second place in the United States by volume of rail transport, BNSF maintains the country's championship in the transportation of such products as coal and grain. In addition, the company transports goods from the ports of the American West, including refrigerators, clothes, televisions.

Today, Berkshire Hathaway owned more than 22% of shares BSNF; the company is now prepared to fork out another 26 billion for the remaining shares and bring his stake to 100%.

In view of past investment and the adoption of debt BSNF, which reaches 10 billion dollars, the total purchase is estimated at 44 billion

It is alleged that this is the biggest deal of all, Buffett carried out so far. Investor buying call himself "a bold bet on the economic future of the United States."

"I love such a bet," - he added.

The deal already approved by the Board of Directors of both companies, but to become a reality, for it still must vote for at least two thirds of the shareholders of BNSF. It is expected that this will happen in the first three months of 2010.

Producer prices in the euro area declined in September

According to the agency Eurostat, the index of industrial prices in the euro area fell in September to 0.4% after rising 0.5% the previous month.
Economists had expected the fall of this indicator on 0,4%.
Compared with the same period last year, industrial prices in the euro area fell by 7.7%.

Australian dollar began to strengthen again against the U.S. dollar

the bears did not have enough forces for the breakdown of a strong level of support 0.8960/40 and the Australian dollar again began to strengthen against the U.S. dollar.

From the standpoint of fundamental analysis, the Australian currency was strong support for the publication of positive news:

- The amount of building permits issued rose in September to just 2.7%
- An index of activity in the service of AiG rose in October to 54.8 against 49.3 a month earlier and reached maximum levels in the first quarter of 2008.


AUD / USD


Now look at the indicators:

Exchange rate is currently testing a moving averages with periods of 144 and 34, which is a single strong resistance level of 0.9070/80.

The MACD histogram is located in the negative zone, but has crossed its signal line upwards, continues to rise and thus generates a signal to buy the Australian dollar.

Stochastic Oscillator is in the neutral zone and gives the same signal as the% K line rises above the% D.

Therefore, as a confirmation that the market could intensify bullish sentiment, we have only to wait for the breakdown 0.9070/80 resistance level which will open the path to levels of 0.9170 and 0.9300.

Resistance levels: 0.9080, 0.9100/10, 0.9130, 0.9170/80, 0.9200

Current Price: 0.9069

Support levels: 0.9050/40, 0.9020/00, 0.8980, 0.8960, 0.8930, 0.8900