GBP/USD WEEKLY as of Monday, 12 May, 2014
Statistical Change from
Volatility Previous period
10-period 10.7880 -0.62
21-period 13.0521 -0.08
39-period 13.8884 -0.43
90-period 17.5286 0.00
Bollinger Bands are 37.25% narrower than normal.
The Stochastic Oscillator is 80.5699. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 64.43.This is not a topping or bottoming area. The last signal was a buy 60 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 146.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 8 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 7 period(s) ago.
Aroon
There were no Aroon signals generated today. The last signal was a Sell 44 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 Sell 44 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 12 period(s) ago.
Summary
The current market condition for British Pound / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
If already holding long positions, would look to partial profits on any retracement to 1.6474. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6474. Be prepared for a potential short term price fall back to the 1.6411 area.
Suggested standing placement of fail-safe stops...
VIT Weekly Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 09/05/14
Volatility Analysis
On 09/05/14, British Pound / US Dollar closed down -0.0021 at 1.6852Statistical Change from
Volatility Previous period
10-period 10.7880 -0.62
21-period 13.0521 -0.08
39-period 13.8884 -0.43
90-period 17.5286 0.00
Bollinger Bands are 37.25% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 80.5699. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 64.43.This is not a topping or bottoming area. The last signal was a buy 60 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 146.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 8 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 7 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 44 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 Sell 44 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 12 period(s) ago.
Summary
The current market condition for British Pound / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
Analysis of activity through 09/05/14
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.If already holding long positions, would look to partial profits on any retracement to 1.6474. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6474. Be prepared for a potential short term price fall back to the 1.6411 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6252
If Short -- exit all contracts at ... 1.6996