GBP/USD WEEKLY as of Monday, 29 September, 2014
Period Statistical Change
10-period 9.6002 -0.12
21-period 10.5290 -0.26
39-period 12.3956 -0.32
90-period 17.6296 -0.02
Bollinger Bands are 19.48% wider than normal.
The Stochastic Oscillator is 30.8994. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 32.54.This is not a topping or bottoming area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -104.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 9 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 8 period(s) ago.
Aroon
There were no Aroon signals generated today. The last signal was a Sell 64 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 12 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 8 period(s) ago.
Summary
The current market condition for British Pound / US Dollar is: Mildly Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.
The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.7000. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.7190. Be prepared for a potential short term price pull back to the 1.6476 area.
Suggested standing placement of fail-safe stops...
VIT Weekly Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 26/09/14
Volatility Analysis
On 26/09/14, British Pound / US Dollar closed down -0.0045 at 1.6242Period Statistical Change
10-period 9.6002 -0.12
21-period 10.5290 -0.26
39-period 12.3956 -0.32
90-period 17.6296 -0.02
Bollinger Bands are 19.48% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 30.8994. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 32.54.This is not a topping or bottoming area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -104.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 9 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 8 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 64 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 12 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 8 period(s) ago.
Summary
The current market condition for British Pound / US Dollar is: Mildly Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.
British Pound / US Dollar(GBPUSD) Analysis of activity through 26/09/14
close: 1.6242
The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.7000. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.7190. Be prepared for a potential short term price pull back to the 1.6476 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6051
If Short -- exit all contracts at ... 1.7190