EUR/USD DAILY as of Monday, 29 July, 2013

*** Intra-Daily Trading Strategy:SELLEuro Dollar / US Dollar
Sell Target: 1.3255
Sell Stop: 1.3317
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverseafter exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.61%, and has been fluctuating from a high of 1.329 to a low of 1.300.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition

The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

The last Directional Movement Indicators (DMI) and SAR signal was a BUY 12 period(s) ago.

The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar broke above the upside resistance level of 1.32, 4 day(s) ago. This is a bullish sign. This previous resistance level of 1.32 now provide downside support. Prices having only risen 0.64% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 12.4%. Bollinger Bands are 26.09% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

AUD/USD WEEKLY as of Monday, 19 August, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 17 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased10.57%, and has been fluctuating from a high of 1.038 to a low of 0.885.

RSI signal was a Buy 2 period(s) ago.

The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

The RSI has set a new 14-period high while the price of Australian Dollar / US Dollar has not. This is a BULLISH DIVERGENCE.

The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Very Bearish. Australian Dollar / US Dollar broke below the up trendline at 0.97,14week(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.01, may now provide upside resistance. Prices have declined 5.84% since the breakout.
Australian Dollar / US Dollar closed above the lower Bollinger Band by 31.9%. Bollinger Bands are 63.81% wider than normal.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.

Do you think you can zoom in a bit on those charts before taking the screenshot, especially the lower one?

Most of the details we are interested in are only the last few bars and just cannot read them at all on that chart.

EUR/USD WEEKLY as of Monday, 02 September, 2013
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.57%, and has been fluctuating from a high of 1.345 to a low of 1.315.

A Stochastic SELLsignal was generated today.

The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.A Stochastic Bearish divergence signal was generated today.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.

T SAR signal was a Buy5 period(s) Ago.
The close is currently
BELOW its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for Euro Dollar / US Dollar is Mildly Bearish. Euro Dollar / US Dollar broke below the up trendline at 1.32 level today. This is a bearish sign. This up trendline, currently with an ending point at 1.32, now provide upside resistance. Euro Dollar / US Dollar closed below the upper Bollinger Band by 39.5%. Bollinger Bands are 50.50% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 12 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish