Forex technical analysis

GBP/USD DAILY as of Wednesday, 16 October, 2013
*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar
Sell Target: 1.5963
Sell Stop: 1.6014
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 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 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.20%, and has been fluctuating from a high of 1.618 to a low of 1.591.
The Stochastic Oscillator is currently below 20 indicating an "oversold" condition.
RSI was a Sell 9 period(s) ago.

SAR signal was a Sell8 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Bullish.British Pound / US Dollar broke below the up trendline at 1.60, 5 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.61, now provide upside resistance. Prices having only declined 0.15% since the breakout.
British Pound / US Dollar closed above the lower Bollinger Band by 27.3%. Bollinger Bands are 39.67% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 16/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.59 one bar ago; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.56 is increasing. The Relative Strength Index is at 51.46 in the neutral territory. The Relative Momentum Index is at 58.91 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 8.37. This value is in the oversoldterritory.

EUR/USD DAILYas of Thursday, 17 October, 2013
*** Intra-Daily Trading Strategy:BUYEuro Dollar / US Dollar
Buy Target: 1.3561
Buy Stop: 1.3502
Enter New BUY on OPEN and exit BUY 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 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.18%, and has been fluctuating from a high of 1.360 to a low of 1.348. The MACD is currently not in an Overbought/Oversold range.
SAR signal was a Sell6 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 closed below the upper Bollinger Band by 42.6%. Bollinger Bands are 65.70% 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 3 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.35 one bar ago; this is usually a bullish sign.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearishpattern! It should be used with other indicators.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 57.43 in the neutral territory. The Relative Momentum Index is at 66.50 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 8.43. This value is in the oversoldterritory.

EUR/USD WEEKLY as of Monday, 21 October, 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 27 white candles versus 22 black candles with a net of 5 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 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.00%, and has been fluctuating from a high of 1.370 to a low of 1.310.
The Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. signal was a Sell 7 Period(s) Ago.
Currently, the Momentum Oscillator is in an overboughtcondition.
The Directional Movement Indicators (DMI) currently is not indicating any specific price direction. There were no SAR signals generated today. The last SAR signal was a Buy12 period(s) Ago.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 8.7%. Bollinger Bands are 33.41% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

GBP/USD DAILY as of Tuesday, 22 October, 2013
*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar
Sell Target: 1.6106
Sell Stop: 1.6201
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 black body has formed as prices closed lower 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 30 white candles versus 20 black candles with a net of 10 white candles.
A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with British Pound / US Dollar). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.

MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.74%, and has been fluctuating from a high of 1.622 to a low of 1.590. The MACD is currently not in any Overbought/Oversold range. There have been no divergencesignals during the last 5 periods.

Stochastic was a Buy2 Period(s) Ago.

RSI was a Sell 12 period(s) ago.

SAR signal was a Buy2 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 35.0%. Bollinger Bands are 35.28% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

EUR/USD WEEKLY as of Monday, 28 October, 2013
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 28 white candles versus 21 black candles with a net of 7 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.95%, and has been fluctuating from a high of 1.383 to a low of 1.310.
The Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition.Stochastic was a Sell 7 Period(s) Ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.
Currently, the Momentum Oscillator is in an overboughtcondition.
The Directional Movement Indicators (DMI) currently is not indicating any specific price direction not advisable to initiate any trades right now.
SAR signal was a Buy12 period(s) Ago.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed above the upper Bollinger Band by 2.3%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the Bollinger Bands is likely. Bollinger Bands are 29.79% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated Low at 1.35 one bar ago; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 68.33 in the neutral territory. The Relative Momentum Index is at 73.54 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.04, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 98.11. This value is in the overboughtterritory.

GBP/USD DAILY as of Tuesday, 29 October, 2013
*** Intra-Daily Trading Strategy:BUYBritish Pound / US Dollar
Buy Target: 1.6120
Buy Stop: 1.6028
Enter New BUY on OPEN and exit BUY 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 black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.39%, and has been fluctuating from a high of 1.621 to a low of 1.607.
Stochastic was a Buy8 Period(s) Ago.
SAR signal was a Buy8 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Bullish
British Pound / US Dollar closed above the lower Bollinger Band by 46.0%. Bollinger Bands are 32.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

EUR/USD WEEKLY as of Monday, 04 November, 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 26 white candles versus 23 black candles with a net of 3 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 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.47%, and has been fluctuating from a high of 1.383 to a low of 1.310. The MACD is currently not in any Overbought/Oversold range.
Stochastic was a Sell 9 Period(s) Ago.
The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 36.2%. Bollinger Bands are 29.96% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 54.60 in the neutral territory. The Relative Momentum Index is at 71.40 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 42.90. This value is in the neutral territory.

EUR/USD DAILYas of Tuesday, 05 November, 2013
*** Intra-Daily Trading Strategy:BUYEuro Dollar / US Dollar
Buy Target: 1.3521
Buy Stop: 1.3485
Enter New BUY on OPEN and exit BUY 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 black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 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 BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.51%, and has been fluctuating from a high of 1.374 to a low of 1.345. The MACD is currently not in any Overbought/Oversold range.
Stochastic Oscillator is currently below 20 indicating an "oversold" condition. was a Sell 5 period(s) ago.
Directional Movement Indicators (DMI) and SAR signal was a SELL3 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Mildly Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 22.5%. Bollinger Bands are 8.74% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

EUR/USD WEEKLY as of Monday, 11 November, 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 26 white candles versus 23 black candles with a net of 3 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.68%, and has been fluctuating from a high of 1.383 to a low of 1.310.
Stochastic was a Sell 9 Period(s) Ago.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISHsignal.The RSI has set a new 14-period low while the price of Euro Dollar / US Dollar has not. This is a BEARISH DIVERGENCE.
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. A SAR Sell signal generated last week. If you are long, this might be a good place to exit.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 47.1%. Bollinger Bands are 30.50% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 51.06 in the neutral territory. The Relative Momentum Index is at 69.68 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 37.48. This value is in the neutral territory.

EUR/USD DAILYas of Wednesday, 13 November, 2013
*** Intra-Daily Trading Strategy:SELLEuro Dollar / US Dollar
Sell Target: 1.3435
Sell Stop: 1.3463
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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 31 white candles versus 19 black candles with a net of 12 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.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 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.95%, and has been fluctuating from a high of 1.374 to a low of 1.330.
A Stochastic BUY signal was generated today. The Stochastic indicator is currently generating a BUY signal against the direction of the major trend.
RSI was a Sell 11 period(s) ago and currently, the Momentum Oscillator is in an oversoldcondition.
Directional Movement Indicators (DMI) and SAR signal was a SELL9 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Mildly Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 24.2%. Bollinger Bands are 41.76% wider than normal.
Euro Dollar / US Dollar broke above the upside resistance level of 1.34, 2 days ago. This is a bullish sign. This previous resistance level of 1.34 may now provide downside support. 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 would be a bearish sign.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

EUR/USD WEEKLY as of Monday, 18 November, 2013
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 26 white candles versus 23 black candles with a net of 3 white candles.
A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 16 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.63%, and has been fluctuating from a high of 1.383 to a low of 1.310.
The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Sell1 period(s) ago.
The close is currently
ABOVE 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 Very Bullish. Euro Dollar / US Dollar appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed upside resistance level for Euro Dollar / US Dollar is around 1.49. Expect prices to have some difficulty rising above this level. A break above this level would be a bullish sign. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.21. Expect prices to have some difficulty falling below this level. A break below this level would be a bearish sign.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 35.1%. Bollinger Bands are 33.58% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.

GBP/USD DAILY as of Tuesday, 19 November, 2013
*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar
Sell Target: 1.6100
Sell Stop: 1.6132
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 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).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 BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.05%, and has been fluctuating from a high of 1.615 to a low of 1.608. The MACD is currently not in any Overbought/Oversold range.
Stochastic Oscillator is currently above 80 indicating an "overbought" condition.Stochastic was a Buy4 Period(s) Ago.
The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating any specific price direction. There were no SAR signals generated today. The last SAR signal was a Buy3 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 34.3%. Bollinger Bands are 43.72% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / 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 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 19/11/13. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated High at 1.61 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.58 is increasing. The Relative Strength Index is at 54.74 in the neutral territory. The Relative Momentum Index is at 59.13 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 98.60. This value is in the overboughtterritory.

EUR/USD WEEKLY as of Monday, 25 November, 2013
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 22 black candles with a net of 5 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 17 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.10%, and has been fluctuating from a high of 1.383 to a low of 1.310. The MACD is currently not in an Overbought/Oversold range.
The ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction
SAR signal was a Sell2 period(s) ago.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 28.8%. Bollinger Bands are 44.00% 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 0 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: Bullish

GBP/USD DAILY as of Tuesday, 26 November, 2013
*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar
Sell Target: 1.6143
Sell Stop: 1.6182
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 black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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, British Pound / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.623 to a low of 1.606. The MACD is currently not in an Overbought/Oversold range.
Stochastic Oscillator is currently above 80 which is an indication of being in an "overbought".Stochastic was a Buy9 Period(s) Ago.
The ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 24.7%. Bollinger Bands are 39.70% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:

fast amplitude (8%): bullish wave 3

Elliott Waves High Volatility has detected an Isolated Low at 1.61 one bar ago; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected an Isolated High at 1.62 one bar ago; this is usually a bearish sign that is not to be used alone!
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.58 is increasing. The Relative Strength Index is at 55.20 in the neutral territory. The Relative Momentum Index is at 65.54 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 78.25. This value is in the overboughtterritory.

AUD/USD WEEKLY as of Monday, 02 December, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 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.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased0.36%, and has been fluctuating from a high of 0.976 to a low of 0.894. The MACD is currently not in an Overbought/Oversold range.
Stochastic was a Sell 4 Period(s) Ago.
Directional Movement Indicators (DMI) signal was a SELL5 period(s) ago while SAR signal was a Sell2 period(s) ago.
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 closed above the lower Bollinger Band by 35.1%. Bollinger Bands are 25.85% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 02/12/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 0.91 one bar ago; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:

fast amplitude (8%): bearish wave 4

moderate amplitude (13%): bullish wave 4

Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.96 is decreasing. The Relative Strength Index is at 41.01 in the neutral territory. The Relative Momentum Index is at 34.53 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.03, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 3.34. This value is in the oversoldterritory.

EUR/USD DAILYas of Tuesday, 03 December, 2013
*** Intra-Daily Trading Strategy:BUYEuro Dollar / US Dollar
Buy Target: 1.3544
Buy Stop: 1.3513
Enter New BUY on OPEN and exit BUY 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 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 31 white candles versus 19 black candles with a net of 12 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.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.18%, and has been fluctuating from a high of 1.362 to a low of 1.346. The MACD is currently not in an Overbought/Oversold range.
The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 37.6%. Bollinger Bands are 38.04% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

EUR/USD WEEKLY as of Monday, 09 December, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles.
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 BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.19%, and has been fluctuating from a high of 1.383 to a low of 1.310. The MACD is currently not in an Overbought/Oversold range.
The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Sell4 period(s) ago.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 13.1%. Bollinger Bands are 48.77% 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 2 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 60.71 in the neutral territory. The Relative Momentum Index is at 65.38 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 41.34. This value is in the neutral territory.

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

GBP/USD DAILY as of Tuesday, 10 December, 2013

*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar
Sell Target: 1.6418
Sell Stop: 1.6431
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 black body has formed as prices closed lower 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 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 16 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.89%, and has been fluctuating from a high of 1.644 to a low of 1.606. The MACD is currently not in any Overbought or Oversold range.
Stochastic Oscillator is currently above 80. This is an an "overbought" condition and Momentum Oscillator is in an overboughtcondition.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Sell3 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 15.4%. Bollinger Bands are 6.37% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 10/12/13. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated High at 1.64 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.59 is increasing. The Relative Strength Index is at 66.96 in the neutral territory. The Relative Momentum Index is at 77.90 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 64.10. This value is in the neutral territory.

British Pound / US Dollar broke above the down trendline at 1.63, 9 day(s) ago. This is a bullish sign. This down trendline, currently with an ending point at 1.62, now provide downside support and prices having only risen 0.87% since the breakout.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.

EUR/USD WEEKLY as of Monday, 16 December, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 21 black candles with a net of 7 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.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 BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 21 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.52%, and has been fluctuating from a high of 1.383 to a low of 1.310. MACD currently is not Overbought or Oversold.
Stochastic Oscillator is currently above 80 which is an indication of "overbought".
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal a Buy1 period(s) Ago.
The close is currently
ABOVE 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 Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.4%. Bollinger Bands are 45.72% 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 4 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 16/12/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.38 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 61.89 in the neutral territory. The Relative Momentum Index is at 70.18 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 59.05. This value is in the neutral territory.

GBP/EUR DAILY as of Tuesday, 17 December, 2013

*** Intra-Daily Trading Strategy:BUYBritish Pound / Euro Dollar
Buy Target: 1.1856
Buy Stop: 1.1829
Enter New BUY on OPEN and exit BUY 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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 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.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / Euro Dollar's price has decreased0.82%, and has been fluctuating from a high of 1.206 to a low of 1.183. MACD is currently not in any Overbought or Oversold range.
Stochastic Oscillator is currently below 20, indicating being in an "oversold" condition.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction. SAR was a Sell8 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / Euro Dollar is Very Bearish
British Pound / Euro Dollar closed above the lower Bollinger Band by 10.7%. Bollinger Bands are 1.33% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
British Pound / Euro Dollar broke below the up trendline at 1.19, eight days ago. This is a bearish sign. This up trendline, currently with an ending point at 1.22, now provide upside resistance with prices having only declined 0.83% since the breakout.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/12/13. This is usually a trade set-up opportunity and for example as the trend is bullish, place a buy-stop at one tick above 1.19 and a sell-stop at one tick below 1.18.
Elliott Waves High Volatility has detected an Isolated Low at 1.18 one bar ago; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearishpattern! It should be used with other indicators.

British Pound / Euro Dollar is long term Bullish as the 144 days moving average of 1.18 is increasing. The Relative Strength Index is at 40.89 in the neutral territory. The Relative Momentum Index is at 41.60 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 1.48. This value is in the oversoldterritory.

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish