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Forex technical analysis

  • #281
  • Feb 8, 2016 8:58pm Feb 8, 2016 8:58pm

Euro Dollar / US Dollar-EURUSD As of 08/02/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1110
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 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.25%, and has been fluctuating from a high of 1.124 to a low of 1.081.
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 above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 38 Day(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 49 day(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 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 SELL 26 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 17 day(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 above the upper Bollinger Band by 2.8%. 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 0.94% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #282
  • Feb 14, 2016 9:20pm Feb 14, 2016 9:20pm

Weekly US Dollar / Japanese Yen-USDJPY As of 12/02/16

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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 9 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 6.42%, and has been fluctuating from a high of 123.538 to a low of 110.986.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Buy 2 Week(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 Sell 35 week(s) ago.

The RSI has just reached its lowest value in the last 14 week(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 24 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed below the lower Bollinger Band by 20.0%. 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 9.58% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #283
  • Feb 15, 2016 8:05pm Feb 15, 2016 8:05pm

Euro Dollar / US Dollar-EURUSD As of 15/02/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1176
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 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 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 BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 12 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.18%, and has been fluctuating from a high of 1.138 to a low of 1.081.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 43 Day(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 Sell 1 day(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 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 SELL 31 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 22 day(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 29.1%. Bollinger Bands are 49.22% wider than normal.
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  • #284
  • Feb 21, 2016 9:56pm Feb 21, 2016 9:56pm

Weekly US Dollar / Japanese Yen-USDJPY As of 19/02/16

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 24 white candles versus 26 black candles with a net of 2 black 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 10 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 6.95%, and has been fluctuating from a high of 123.538 to a low of 110.986.
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 3 Week(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 Sell 36 week(s) ago.

The RSI has just reached its lowest value in the last 14 week(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or 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 SELL 25 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 6 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed below the lower Bollinger Band by 10.5%. 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 31.61% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #285
  • Feb 22, 2016 9:14pm Feb 22, 2016 9:14pm

Euro Dollar / US Dollar-EURUSD As of 22/02/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.0980
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 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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 2 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.76%, and has been fluctuating from a high of 1.115 to a low of 1.100.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 48 Day(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 Sell 6 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or 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 SELL 36 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 day(s) ago.
The close is currently
BELOW 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 Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 38.8%. Bollinger Bands are 25.01% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #286
  • Feb 28, 2016 9:17pm Feb 28, 2016 9:17pm

Weekly US Dollar / Japanese Yen-USDJPY As of 26/02/16

*** Intra-Weekly Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 114.9610
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 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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 11 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 5.78%, and has been fluctuating from a high of 123.538 to a low of 110.986.
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 4 Week(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 Sell 37 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or 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 SELL 26 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 7 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 7.6%. Bollinger Bands are 42.50% wider than normal.
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  • #287
  • Feb 29, 2016 9:06pm Feb 29, 2016 9:06pm

Review of Euro Dollar / US Dollar (EURUSD)

as of 29/02/16

Volatility Analysis

On 29/02/16, Euro Dollar / US Dollar closed down -0.0044 at 1.0886

Period Statistical Change
10-period 6.5347 -0.34
21-period 11.6375 -0.66
39-period 10.7877 -0.11
90-period 11.4538 -0.01

Bollinger Bands are 1.42% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 17.7556. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 5 day(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 37.25.This is not a topping or bottoming area. The last signal was a sell 11 day(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -142.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 11 day(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 8 day(s) ago.

Trend Analysis


Aroon
There were no Aroon signals generated today. The last signal was a Sell 3 day(s) ago.

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

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 27 day(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 8 day(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.

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
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  • #288
  • Mar 6, 2016 9:00pm Mar 6, 2016 9:00pm

Weekly US Dollar / Japanese Yen-USDJPY As of 04/03/16


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 25 white candles versus 25 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 12 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 5.98%, and has been fluctuating from a high of 123.538 to a low of 110.986.
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 5 Week(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 Sell 38 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or 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 SELL 27 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 8 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 10.8%. Bollinger Bands are 52.37% wider than normal
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  • #289
  • Mar 7, 2016 9:25pm Mar 7, 2016 9:25pm

Euro Dollar / US Dollar-EURUSD As of 07/03/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.0960
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 4 white candles versus 5 black candles with a net of 1 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 12 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.88%, and has been fluctuating from a high of 1.115 to a low of 1.082.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 58 Day(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 Sell 16 day(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 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 SELL 46 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 1 day(s) Ago.
The close is currently
BELOW 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 Mildly Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 39.2%. Bollinger Bands are 17.02% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #290
  • Mar 13, 2016 11:35pm Mar 13, 2016 11:35pm

Weekly US Dollar / Japanese Yen-USDJPY As of 11/03/16

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 26 white candles versus 24 black candles with a net of 2 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 lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).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 13 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 5.92%, and has been fluctuating from a high of 123.538 to a low of 110.986.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
A Stochastic BUY signal was generated today. The Stochastic indicator is currently generating a BUY signal against the direction of the major trend.
A Stochastic Bullish divergence signal was generated today.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 Sell 39 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 28 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 9 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 15.5%. Bollinger Bands are 58.33% wider than normal.
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  • #291
  • Mar 14, 2016 12:13am Mar 14, 2016 12:13am

Daily US Dollar / Japanese Yen-USDJPY As of 11/03/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 114.2297
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 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 22 white candles versus 28 black candles with a net of 6 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 10 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.15%, and has been fluctuating from a high of 114.550 to a low of 112.159.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 27 Day(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 19 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.
The RSI has set a new 14-period high while the price of US Dollar / Japanese Yen has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 27 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 day(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Bearish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 32.1%. Bollinger Bands are 30.54% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #292
  • Mar 14, 2016 11:27pm Mar 14, 2016 11:27pm

Euro Dollar / US Dollar-EURUSD As of 14/03/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1065
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 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 26 black candles with a net of 3 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 2 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.66%, and has been fluctuating from a high of 1.122 to a low of 1.082.
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 above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 63 Day(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 Sell 21 day(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 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 SELL 51 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 day(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 29.5%. Bollinger Bands are 20.13% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
  • #293
  • Mar 15, 2016 9:15pm Mar 15, 2016 9:15pm

British Pound / US Dollar-GBPUSD As of 15/03/16

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4102
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 6 white candles versus 3 black candles with a net of 3 white candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.51%, and has been fluctuating from a high of 1.444 to a low of 1.411.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
A Stochastic SELL signal was generated today.
The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.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 11 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / 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 BUY 3 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 8 day(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 / US Dollar is Very Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 49.6%. Bollinger Bands are 21.23% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #294
  • Mar 16, 2016 10:13pm Mar 16, 2016 10:13pm

US Dollar / Japanese Yen-USDJPY As of 16/03/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 113.5720
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 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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black 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 BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 13 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.11%, and has been fluctuating from a high of 114.550 to a low of 112.159.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 30 Day(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 22 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 30 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 day(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 US Dollar / Japanese Yen is Very Bearish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 32.7%. Bollinger Bands are 38.49% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #295
  • Mar 21, 2016 12:06am Mar 21, 2016 12:06am

Weekly US Dollar / Japanese Yen-USDJPY As of 18/03/16

*** Intra-Weekly Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 110.0993
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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 black 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. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which is the case with US Dollar / Japanese Yen), 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 14 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 7.80%, and has been fluctuating from a high of 123.538 to a low of 110.669.
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 1 Week(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 Sell 40 week(s) ago.

Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 29 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 10 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 6.5%. Bollinger Bands are 70.89% wider than normal.
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  • #296
  • Mar 21, 2016 11:24pm Mar 21, 2016 11:24pm

Euro Dollar / US Dollar-EURUSD As of 21/03/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1215
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 25 black candles with a net of 1 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.51%, and has been fluctuating from a high of 1.134 to a low of 1.082.
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 above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 68 Day(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 Sell 26 day(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 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 SELL 56 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 3 day(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 16.2%. Bollinger Bands are 14.03% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  • #297
  • Mar 27, 2016 11:40pm Mar 27, 2016 11:40pm

US Dollar / Japanese Yen-USDJPY As of 25/03/16


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 25 white candles versus 25 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 15 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 6.55%, and has been fluctuating from a high of 123.538 to a low of 110.669.
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 2 Week(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 Sell 41 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 30 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 11 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 19.4%. Bollinger Bands are 70.15% wider than normal.
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  • #298
  • Mar 28, 2016 9:33pm Mar 28, 2016 9:33pm

Euro Dollar / US Dollar (EURUSD)

as of 28/03/16

Volatility Analysis

On 28/03/16, Euro Dollar / US Dollar closed up 0.0039 at 1.1202

Period Statistical Change
10-period 9.0835 -0.24
21-period 10.5116 -0.60
39-period 11.3076 0.03
90-period 11.4240 0.01

Bollinger Bands are 16.81% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 20.0892. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 57.24.This is not a topping or bottoming area. The last signal was a sell 31 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 26. 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. The last signal was a Sell 23 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 254 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 47 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 8 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.


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 1.1058. Be prepared for a potential short term price fall back to the 1.1126 area.




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

Summary


Euro Dollar / US Dollar is currently 1.5% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 8 periods.

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  • #299
  • Apr 3, 2016 10:23pm Apr 3, 2016 10:23pm

Weekly US Dollar / Japanese Yen-USDJPY As of 01/04/16

*** Intra-Weekly Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 110.8563
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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 16 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 7.74%, and has been fluctuating from a high of 123.538 to a low of 110.669.
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 3 Week(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 Sell 42 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 31 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 12 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 14.2%. Bollinger Bands are 72.20% wider than normal.
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  • #300
  • Apr 4, 2016 9:40pm Apr 4, 2016 9:40pm

Euro Dollar / US Dollar-EURUSD As of 04/04/16

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1361
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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 17 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.92%, and has been fluctuating from a high of 1.144 to a low of 1.082.
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 above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 78 Day(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 Sell 36 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 66 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 13 day(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 10.9%. Bollinger Bands are 0.28% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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