Candlestick Forecast for 14 June 2008
EURUSD
At the time of posting
YESTERDAY -
- Bearish Trending Candle takes over: Bearish Continuation
2 DAYS AGO
-- Bearish Trending Candle takes over
-- Engulfing Bearish Line: Bearish
3 DAYS AGO
--- Piercing Line: Possible Reversal
4 Days AGO
---- Dark Cloud Cover Confirmation: Sell Signal
GBPUSD
At the time of posting
YESTERDAY
- White Doji
- Harami Black Cross: Wait for next signal, look for reversal = It may be wise to wait for next signal before entering the market. Then with confirmation you may enter the market on the long side.
2 DAYS AGO
-- Piercing line: possible reversal
3 DAYS AGO
--- Piercing line: possible reversal
4 DAYS AGO
---- Black Inside Out Down: Sell Signal
GBPJPY
At the time of posting
YESTERDAY
- Engulfing Bullish Line Confirmation: Market Overbought = move stop to current candle’s low at 209.69
- Stochastic Oscillator: Market Overbought
- Bullish Trending Candle takes over: Bullish continuation
2 DAYS AGO
-- White Spinning Top: no direction/neutral
-- Engulfing Bullish Confirmation: Bullish & Overbought
3 DAYS AGO
--- Double Doji Lines: possible reversal
--- Last Engulfing Bullish: possible Top
---Stochastic Oscillator: Overbought
4 DAYS AGO
---- Black Doji Star Reversal: possible top
---- Incomplete Dark Cloud Cover: Sell on confirmation
EURUSD
At the time of posting
YESTERDAY -
- Bearish Trending Candle takes over: Bearish Continuation
2 DAYS AGO
-- Bearish Trending Candle takes over
-- Engulfing Bearish Line: Bearish
3 DAYS AGO
--- Piercing Line: Possible Reversal
4 Days AGO
---- Dark Cloud Cover Confirmation: Sell Signal
GBPUSD
At the time of posting
YESTERDAY
- White Doji
- Harami Black Cross: Wait for next signal, look for reversal = It may be wise to wait for next signal before entering the market. Then with confirmation you may enter the market on the long side.
2 DAYS AGO
-- Piercing line: possible reversal
3 DAYS AGO
--- Piercing line: possible reversal
4 DAYS AGO
---- Black Inside Out Down: Sell Signal
GBPJPY
At the time of posting
YESTERDAY
- Engulfing Bullish Line Confirmation: Market Overbought = move stop to current candle’s low at 209.69
- Stochastic Oscillator: Market Overbought
- Bullish Trending Candle takes over: Bullish continuation
2 DAYS AGO
-- White Spinning Top: no direction/neutral
-- Engulfing Bullish Confirmation: Bullish & Overbought
3 DAYS AGO
--- Double Doji Lines: possible reversal
--- Last Engulfing Bullish: possible Top
---Stochastic Oscillator: Overbought
4 DAYS AGO
---- Black Doji Star Reversal: possible top
---- Incomplete Dark Cloud Cover: Sell on confirmation