Forex technical analysis

EUR/USD DAILY as of Tuesday, 22 July, 2014

Euro Dollar / US Dollar-EURUSD

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3521
Sell Stop: 1.3533
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 reverse after 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 24 white candles versus 26 black candles with a net of 2 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 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.33%, and has been fluctuating from a high of 1.363 to a low of 1.349.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 13 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 38 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 13 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 14.3%. Bollinger Bands are 24.54% 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.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 22/07/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.35 one bar ago; this is usually a bearish 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 Bearish as the 144 days moving average of 1.36 is decreasing. The Relative Strength Index is at 38.11 in the neutral territory. The Relative Momentum Index is at 26.73 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 11.89. This value is in the oversold territory.

AUD/USD WEEKLY as of Monday, 28 July, 2014

VIT Weekly Analysis

Review of Australian Dollar / US Dollar (AUDUSD)

as of 25/07/14

Volatility Analysis

On 25/07/14, Australian Dollar / US Dollar closed up 0.0006 at 0.9394

Period Statistical Change
10-period 12.1110 0.00
21-period 14.5872 -0.30
39-period 19.3628 -0.20
90-period 24.4278 -0.00

Bollinger Bands are 52.76% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 36.7346. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 57.13.This is not a topping or bottoming area. The last signal was a buy 50 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 84. This is not a topping or bottoming area.The last signal was a sell 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 23 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 155 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: 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 above its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 25/07/14

close: 0.9394

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, we would look to partial profits on any retracement to 0.9211. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9208. Be prepared for a potential short term price fall back to the 0.9243 area.

Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 0.9203

If Short -- exit all contracts at ... 0.9504

EUR/USD DAILY as of Tuesday, 29 July, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 29/07/14

Volatility Analysis

On 29/07/14, Euro Dollar / US Dollar last price up 0.0001 at 1.3438

Period Statistical Change
10-period 3.0348 -0.27
21-period 3.3426 -0.38
39-period 4.0561 -0.01
90-period 4.2463 -0.01

Bollinger Bands are 35.97% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 12.9053. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 15 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 30.35.This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -97. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 13 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 60 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 229 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 10 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 10 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 29/07/14

Last price: 1.3438

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 1.3549. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3640. Be prepared for a potential short term price pull back to the 1.3504 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.3422

If Short -- exit all contracts at ... 1.3650

AUD/USD WEEKLY as of Monday, 04 August, 2014

VIT Weekly Analysis

Review of Australian Dollar / US Dollar (AUDUSD)

as of 01/08/14

Volatility Analysis

On 01/08/14, Australian Dollar / US Dollar closed down -0.0084 at 0.9310

Period Statistical Change
10-period 10.0031 -2.11
21-period 14.0669 -0.52
39-period 18.9900 -0.37
90-period 24.4494 0.02

Bollinger Bands are 63.48% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 28.4497. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 51.43.This is not a topping or bottoming area. The last signal was a buy 51 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -25. This is not a topping or bottoming area.The last signal was a sell 4 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 0 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 156 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 5 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD) Analysis of activity through 01/08/14

close: 0.9310

The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 0.9229. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9208. Be prepared for a potential short term price fall back to the 0.9244 area.

Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 0.9203

If Short -- exit all contracts at ... 0.9504

EUR/USD DAILY as of Tuesday, 05 August, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 05/08/14

Volatility Analysis

On 05/08/14, Euro Dollar / US Dollar last price up 0.0000 at 1.3421

Period Statistical Change
10-period 2.7883 -0.71
21-period 3.4927 -0.05
39-period 3.6431 0.00
90-period 4.2174 -0.01

Bollinger Bands are 43.38% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 73.6365. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.32.This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -50. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 18 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 65 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 234 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 15 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 15 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD) Analysis of activity through 05/08/14

Last price: 1.3421

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 1.3484. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3549. Be prepared for a potential short term price pull back to the 1.3459 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.3367

If Short -- exit all contracts at ... 1.3568

AUD/USD WEEKLY as of Monday, 11 August, 2014

VIT Weekly Analysis

Review of Australian Dollar / US Dollar (AUDUSD)

as of 08/08/14

Volatility Analysis

On 08/08/14, Australian Dollar / US Dollar closed down -0.0036 at 0.9274

Period Statistical Change
10-period 9.1037 -0.90
21-period 14.0455 -0.02
39-period 18.9368 -0.05
90-period 24.4455 -0.00

Bollinger Bands are 73.58% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 21.0111. This is not an overbought or oversold reading. The last signal was a sell 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 49.17.This is not a topping or bottoming area. The last signal was a buy 52 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -88. This is not a topping or bottoming area.The last signal was a sell 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 1 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 157 period(s) ago.

MACD Trend Signal
A MACD Trend Sell signal was generated today.

Stop and Reverse (SAR)
An SAR Sell signal was generated today. If you are long, this might be a good place to exit.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bearish
The close is currently below 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.

With strong confirmation from the short term trend and a current Sell signal.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 08/08/14

close: 0.9274

Be prepared for a potential short term price fall back to the 0.9245 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 0.9504. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.9504.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 0.9203

If Short -- exit all contracts at ... 0.9504

EUR/USD DAILY as of Tuesday, 12 August, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 12/08/14

Volatility Analysis

On 12/08/14, Euro Dollar / US Dollar closed down -0.0012 at 1.3371

Period Statistical Change
10-period 3.9889 -0.11
21-period 3.7428 -0.09
39-period 3.7128 -0.13
90-period 4.1767 -0.07

Bollinger Bands are 2.56% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 55.3871. This is not an overbought or oversold reading. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.95.This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -78. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 2 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 70 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 239 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 20 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 2 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 12/08/14

close: 1.3371

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3444. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3444. Be prepared for a potential short term price pull back to the 1.3436 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.3333

If Short -- exit all contracts at ... 1.3484

USD/CAD WEEKLY as of Monday, 18 August, 2014

VIT Weekly Analysis

Review of US Dollar / Canadian Dollar (USDCAD)

as of 15/08/14

Volatility Analysis

On 15/08/14, US Dollar / Canadian Dollar closed down -0.0075 at 1.0894

Period Statistical Change
10-period 13.1967 -0.01
21-period 12.2963 -0.68
39-period 14.6117 0.12
90-period 16.2214 -0.03

Bollinger Bands are 18.52% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 85.6695. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 53.13.This is not a topping or bottoming area. The last signal was a sell 20 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 72. This is not a topping or bottoming area.The last signal was a sell 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 1 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 38 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 2 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 38 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 2 period(s) ago.

Summary
The current market condition for US Dollar / Canadian 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.

US Dollar / Canadian Dollar(USDCAD)

Analysis of activity through 15/08/14

close: 1.0894

The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 1.0619. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.0619. Be prepared for a potential short term price fall back to the 1.0813 area.

Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.0619

If Short -- exit all contracts at ... 1.0988

EUR/USD DAILY as of Tuesday, 19 August, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 19/08/14

Volatility Analysis

On 19/08/14, Euro Dollar / US Dollar closed down -0.0005 at 1.3356

Period Statistical Change
10-period 3.6805 -0.55
21-period 3.7993 -0.00
39-period 3.8134 -0.06
90-period 4.0262 0.00

Bollinger Bands are 39.01% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 44.3770. This is not an overbought or oversold reading. The last signal was a buy 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 36.78.This is not a topping or bottoming area. The last signal was a buy 7 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 buy 4 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 7 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 75 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 244 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 25 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 19/08/14

close: 1.3356

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3432. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3432. Be prepared for a potential short term price pull back to the 1.3426 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.3333

If Short -- exit all contracts at ... 1.3444

USD/CAD WEEKLY as of Monday, 25 August, 2014

VIT Weekly Analysis

Review of US Dollar / Canadian Dollar (USDCAD)

as of 22/08/14

Volatility Analysis

On 22/08/14, US Dollar / Canadian Dollar closed up 0.0046 at 1.0940

Period Statistical Change
10-period 12.7562 -0.44
21-period 11.1597 -1.14
39-period 14.5086 -0.10
90-period 16.2335 0.01

Bollinger Bands are 19.74% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 83.1498. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 55.57.This is not a topping or bottoming area. The last signal was a sell 21 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 85. This is not a topping or bottoming area.The last signal was a sell 1 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 2 period(s) ago.

Trend Analysis

Aroon
An Aroon Buy signal was generated today.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 3 period(s) ago.

MACD Trend Signal
A MACD Trend Buy signal was generated today.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 3 period(s) ago.

Summary
The current market condition for US Dollar / Canadian 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.

With strong confirmation from the short term trend and a current Buy signal.

US Dollar / Canadian Dollar(USDCAD)

Analysis of activity through 22/08/14

close: 1.0940

The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 1.0619. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.0619. Be prepared for a potential short term price fall back to the 1.0821 area.

Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.0619

If Short -- exit all contracts at ... 1.0986

EUR/USD DAILY as of Tuesday, 26 August, 2014

Euro Dollar / US Dollar-EURUSD

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3173
Sell Stop: 1.3258
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 reverse after 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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black candles.
A falling window has formed where the bottom of the previous shadow is above the top of the current shadow. This usually implies a continuation of a bearish trend.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 decreased 0.55%, and has been fluctuating from a high of 1.332 to a low of 1.318.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 37 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 2 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 37 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 9 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the lower Bollinger Band by 16.8%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 0.86% narrower 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, 01 September, 2014

VIT Weekly Analysis

Review of Australian Dollar / US Dollar (AUDUSD)

as of 29/08/14

Volatility Analysis

On 29/08/14, Australian Dollar / US Dollar closed up 0.0022 at 0.9333

Period Statistical Change
10-period 8.2906 0.19
21-period 11.9740 -0.09
39-period 17.6308 -0.11
90-period 24.3055 -0.03

Bollinger Bands are 76.26% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 38.4013. This is not an overbought or oversold reading. The last signal was a sell 8 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 52.94.This is not a topping or bottoming area. The last signal was a buy 55 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -36. This is not a topping or bottoming area.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 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 160 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 3 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 3 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 29/08/14

close: 0.9333

The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 0.9238. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9238. Be prepared for a potential short term price fall back to the 0.9256 area.

Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 0.9208

If Short -- exit all contracts at ... 0.9504

EUR/USD DAILY as of Tuesday, 02 September, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 01/09/14

Volatility Analysis

On 01/09/14, Euro Dollar / US Dollar closed unchanged 0.0000 at 1.3131

Period Statistical Change
10-period 4.2391 0.12
21-period 4.3085 -0.29
39-period 4.0446 -0.03
90-period 4.2748 -0.02

Bollinger Bands are 65.69% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 13.6906. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 21 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 23.37.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -111.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 2 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 Buy 84 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 253 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 8 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 14 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 01/09/14

close: 1.3131

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 1.3320. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3411. Be prepared for a potential short term price pull back to the 1.3253 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.3118

If Short -- exit all contracts at ... 1.3415

EUR/USD WEEKLY as of Monday, 08 September, 2014

VIT Weekly Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 05/09/14

Volatility Analysis

On 05/09/14, Euro Dollar / US Dollar closed down -0.0181 at 1.2950

Period Statistical Change
10-period 9.1467 0.56
21-period 9.4018 -1.12
39-period 12.7931 0.28
90-period 17.2780 -0.16

Bollinger Bands are 33.40% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 4.8484. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 22.82.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a sell 174 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -195.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 10 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 22 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 60 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 212 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 61 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 16 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD) Analysis of activity through 05/09/14

close: 1.2950

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 1.3650. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3700. Be prepared for a potential short term price pull back to the 1.3331 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.2920

If Short -- exit all contracts at ... 1.3700

GBP/USD DAILY as of Tuesday, 09 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)

as of 08/09/14

Volatility Analysis

On 08/09/14, British Pound / US Dollar closed down -0.0232 at 1.6093

Period Statistical Change
10-period 9.9951 3.08
21-period 8.0600 1.90
39-period 6.3278 1.19
90-period 5.9129 0.70

Bollinger Bands are 85.16% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 4.7425. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 12.28.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 6 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -231.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 8 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 2 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 210 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 494 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 180 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below 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 08/09/14

close: 1.6093

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 1.6643. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6643. Be prepared for a potential short term price pull back to the 1.6477 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.6091

If Short -- exit all contracts at ... 1.6724

EUR/USD WEEKLY as of Monday, 15 September, 2014

VIT Weekly Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 12/09/14

Volatility Analysis

On 12/09/14, Euro Dollar / US Dollar closed up 0.0012 at 1.2962

Period Statistical Change
10-period 9.8021 0.66
21-period 9.5260 0.12
39-period 12.7436 -0.05
90-period 17.2750 -0.00

Bollinger Bands are 45.83% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 9.6961. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 23.75.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a sell 175 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -176.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 11 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 23 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 61 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 213 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 62 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 17 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 12/09/14

close: 1.2962

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 1.3640. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3700. Be prepared for a potential short term price pull back to the 1.3260 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.2859

If Short -- exit all contracts at ... 1.3700

GBP/USD DAILY as of Tuesday, 16 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)

as of 15/09/14

Volatility Analysis

On 15/09/14, British Pound / US Dollar closed down -0.0034 at 1.6229

Period Statistical Change
10-period 11.1262 -0.12
21-period 8.4115 -0.02
39-period 6.8151 -0.00
90-period 5.8547 0.00

Bollinger Bands are 94.43% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 80.1899. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 29.92.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -54. This is not a topping or bottoming area.The last signal was a buy 2 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 Buy 215 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 499 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 185 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 9 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below 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 15/09/14

close: 1.6229

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 1.6497. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6643. Be prepared for a potential short term price pull back to the 1.6358 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.6051

If Short -- exit all contracts at ... 1.6643

AUD/USD DAILY as of Wednesday, 17 September, 2014

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)

as of 16/09/14

Volatility Analysis

On 16/09/14, Australian Dollar / US Dollar closed up 0.0045 at 0.9080

Period Statistical Change
10-period 11.1033 0.77
21-period 8.7897 0.39
39-period 7.6756 -0.03
90-period 7.8264 0.07

Bollinger Bands are 138.19% wider than normal. Australian Dollar / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 17.4604. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 32.72.This is not a topping or bottoming area.However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -108.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 6 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 71 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 174 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 73 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bearish
The close is currently below 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.

Australian Dollar / US Dollar(AUDUSD) Analysis of activity through 16/09/14

close: 0.9080

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 0.9401. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.9401. Be prepared for a potential short term price pull back to the 0.9210 area.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 0.8983

If Short -- exit all contracts at ... 0.9401

EUR/USD WEEKLY as of Monday, 22 September, 2014
A big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
The previous 10 candlestick bars, there are 1 white candles versus 8 black candles with a net of 7 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 24 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 6.36%, and has been fluctuating from a high of 1.399 to a low of 1.283.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 11 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell176 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 105 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 18 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the lower Bollinger Band by 7.2%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 4.31% wider 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 2

moderate amplitude (13%): bullish wave 3


Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.34 is decreasing. The Relative Strength Index is at 20.79 in the oversold territory. The Relative Momentum Index is at 19.24 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.05, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 1.70. This value is in the oversold territory.

GBP/USD DAILY as of Tuesday, 23 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)

as of 22/09/14

Volatility Analysis

On 22/09/14, British Pound / US Dollar closed up 0.0082 at 1.6369

Period Statistical Change
10-period 9.0875 -3.50
21-period 10.2660 0.28
39-period 8.2540 0.20
90-period 6.5140 0.09

Bollinger Bands are 61.49% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 59.2339. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 46.06.This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 60. This is not a topping or bottoming area.The last signal was a buy 7 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 220 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 504 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 190 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below 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 22/09/14

close: 1.6369

Be prepared for a potential short term price fall back to the 1.6350 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.6523. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6523.
Suggested standing placement of fail-safe stops...

If Long -- exit all contracts at ... 1.6051

If Short -- exit all contracts at ... 1.6614