donchian channel

Discuss Donchian Ultimate indicator (a highly customizable indicator of Donchian channels) for MT4, MT5, and cTrader in this thread. You can ask any questions about this free indicator here.

Contraction in private sector bearish for HK50 Hong Kong’s private sector contraction continued in June. Will the HK50 decline? Recent Hong Kong economic data were weak after the positive trade report three weeks ago showing the trade deficit in Hong Kong continued to decrease in May. Retail...

Lower world wheat ending stock estimate bullish for wheat Wheat ending stock estimate was lowered in WASDE July report. Will the wheat prices continue rebounding? Wheat prices are under pressure as harvest gets closer for spring wheat. The US Department of Agriculture revised downward world...

Improving trade surplus bullish for AU200 Trade surplus and retail sales rose in Australia. Will the AU200 stock index continue advancing? Recent economic data from Australia were positive: Australia's retail sales rose in May and trade surplus hit record high. Retail sales rose by 0.1% in May...

Rising trade surplus bullish for Australian stock index Trade surplus and consumer sentiment rose in Australia. Will the AU200 stock index continue advancing? Australian data after central bank’s April 1 interest rate decision were positive on balance: contractions in the services sector and...

Positive data bullish for NIKKEI Japanese retail sales and housing starts increased in February. Will the NIKKEI continue rising? Recent Japanese economic data were positive on balance: while the Tankan index for big manufacturers' sentiment softened in the first quarter 2019 from the previous...

Technical setup bullish for GB100 Slowing mortgage and sales data followed preceding report of better than forecast retail sales in February. Will the GB100 advance continue? UK economic data have been mixed recently: retail sales growth in the UK was little changed in February, ticking to 4%...

Negative data bearish for DE30 German manufacturing sector contraction accelerated in March. Will the DE30 continue declining? Recent German economic data were negative: preliminary Markit Manufacturing PMI contracted from 47.6 in February to 44.7 in March, the worst level in six-and-a-half...

Expectations of good crop bearish for coffee Ample world coffee supply expectations weigh on coffee market. Will the coffee prices continue declining? Coffee prices are under pressure as favorable weather conditions in main producers countries indicate building of ample global supply. Brazil...

Dovish Fed stance bullish for gold Halting interest rate hikes this year by the Fed is bullish for gold. Will the gold price continue rising? Federal Reserve’s dovish stance hurts US dollar, making gold more affordable and attractive for investors. At a conclusion of March meeting yesterday...

Positive euro-zone data bullish for EU50 Retail sales increase and private business sector expansion were better than expected in euro-zone. Will the EU50 advance continue? Latest euro-zone economic data were positive: retail sales in January rose more than expected, and private sector...

Strong data bullish for DJI Continuing expansion in private sector indicates US economy is strong. Will the DJI continue the rebound? Data after the Federal Reserve January 29-30 meeting were positive on balance indicating the US economy is strong. The Institute of Supply Management's...

Slowing retail sales bearish for GB100 UK’s retail trade growth slowed in December. Will the GB100 continue declining? Recent UK economic data were negative: retail sales growth in the UK eased to 3% over year in December 2018. The expectations were retail sales would remain steady at 3.6%...

Widening trade deficit bearish for NIKKEI Japanese exports slowed in November. Will the NIKKEI continue declining? Japanese economic data were weak on balance after disappointing Q3 GDP a month ago. The balance of trade turned negative in October, consumer confidence slipped in November, and...

Lower pig supply bullish for LHOG Spread of African swine fever in China negatively affects supply of pigs in the world’s largest pork consumption market. Will the LHOG continue gaining? Still new cases of African swine fever (ASF) outbreak are being reported in China after the first case in...

Negative Hong Kong data bearish for HK50 Activities in Hong Kong’s private sector continued to slow in November. Will the HK50 continue declining? Latest Hong Kong economic data were negative: private sector activity slowed still more in November. Nikkei Hong Kong PMI dropped to 47.1 in...

Better than expected data support EURUSD Euro-zone producer prices and sales rose more than expected in October. Will the EURUSD recovery continue? Recent euro-zone economic data were better than expected: retail sales and producer prices rose more than expected in October. Retail sales rose...

Weaker Swiss data bullish for AUDCHF Switzerland’s economy slowed more than expected in the third quarter. Will the AUDCHF climb continue? The Reserve Bank of Australia left the interest rate at 1.5% and revised up a little its forecasts for economic growth in 2018 and 2019 at its November 6...

Colombia higher crop bearish for coffee prices Colombia coffee production rose in October while Uganda’s exports fell. Will coffee prices continue declining? Uganda’s coffee exports fell 8.1% in October 2018, the first month of the new 2018/19 season, over the same month last year to 350,743...

Slower industrial growth bearish for SP500 US housing and industrial sectors growth slowed more than expected in October. Will the SP500 continue declining? US economic data were negative on balance lately. After a stronger than expected October jobs report and retail sales data updates from...