Intra Day Trading - page 13
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*** Intra-Daily Trading Strategy: BUYEuro Dollar / US Dollar
Buy Target: 1.3796
Buy Stop: 1.3787
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 26 white candles versus 23 black candles with a net of 3 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.01%, and has been fluctuating from a high of 1.383 to a low of 1.379.The MACD is currently not in an Overbought/Oversold range.
Stochastic was a Buy 10 Period(s) Ago.
ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 9 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 48.2%. Bollinger Bands are 45.32% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 5 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated Low at 1.38one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected an Isolated High at 1.38one 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 Bullish as the 144 days moving average of 1.36 is increasing. The Relative Strength Index is at 49.37 in the neutral territory. The Relative Momentum Index is at 54.63 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 14.03. This value is in the oversold territory.
Euro Dollar / US Dollar is currently 1.6% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Prend forecasting oscillators are currently bearish on EURUSD and have had this outlook for the last 17 periods.
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
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 22 white candles versus 27 black candles with a net of 5 black candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has increased 2.67%, and has been fluctuating from a high of 0.945 to a low of 0.889. The MACD is currently not in an Overbought/Oversold range.
Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition.
Directional Movement Indicators (DMI) signal was a BUY 4 period(s) ago.
SAR signal was a Buy 10 period(s) Ago.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Bearish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 17.5%. Bollinger Bands are 24.20% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 54.55 in the neutral territory. The Relative Momentum Index is at 54.44 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 79.77. This value is in the overbought territory.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term:Prices are ranging.
AUD/USD WEEKLY as of Monday, 28 April, 2014
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 22 white candles versus 27 black candles with a net of 5 black candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has increased 2.67%, and has been fluctuating from a high of 0.945 to a low of 0.889. The MACD is currently not in an Overbought/Oversold range.
Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition.
Directional Movement Indicators (DMI) signal was a BUY 4 period(s) ago.
SAR signal was a Buy 10 period(s) Ago.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Bearish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 17.5%. Bollinger Bands are 24.20% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 54.55 in the neutral territory. The Relative Momentum Index is at 54.44 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 79.77. This value is in the overbought territory.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term:Prices are ranging.
*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar
Sell Target:1.3851
Sell Stop: 1.3874
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!!!!!
Euro Dollar / US Dollar broke above the upside resistance level of 1.38, five days ago. This is a bullish sign. This previous resistance level of 1.38 may now provide downside support. Prices having only risen 0.37% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy trading) would be a bearish sign.
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.388 to a low of 1.379.The MACD is currently not in an Overbought/Oversold range.
Stochastic signal was a Buy 15 Period(s) Ago.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 14 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 21.9%. Bollinger Bands are 43.22% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 10 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated Low at 1.38one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected an Isolated High at 1.39one 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 Bullish as the 144 days moving average of 1.37 is increasing. The Relative Strength Index is at 58.38 in the neutral territory. The Relative Momentum Index is at 60.89 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 100.00. This value is in the overbought territory.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
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 28 white candles versus 22 black candles with a net of 6 white candles.
A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with Euro Dollar / Japanese Yen), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen's price has increased 3.04%, and has been fluctuating from a high of 143.783 to a low of 136.226. MACD is currently not in an Overbought or Oversold range.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for Euro Dollar / Japanese Yen is Very Bullish
Euro Dollar / Japanese Yen closed below the upper Bollinger Band by 40.4%. Bollinger Bands are 60.21% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 5 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 126.38 is increasing. The Relative Strength Index is at 59.22 in the neutral territory. The Relative Momentum Index is at 73.82 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 3.71, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 20.77. This value is in the oversold territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term:Prices are trending.
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 06/05/14
Volatility Analysis
On 06/05/14, Euro Dollar / US Dollar closed down -0.0000 at 1.3874
Statistical Change from
Volatility Previous period
10-period 3.0463 -0.01
21-period 3.9309 -0.14
39-period 4.8137 -0.11
90-period 6.2661 -0.08
Bollinger Bands are 55.14% narrower than normal. Euro 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 86.2499. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 10 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 58.69.This is not a topping or bottoming area. The last signal was a sell 135 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 146.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 16 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 6 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 17 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 169 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 8 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 19 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.
Analysis of daily activity through 06/05/14
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, look to partial profits on any retracement to 1.3777. With remaining long positions after profit taking should consider placing exit stops in the region of 1.3777. Be prepared for a potential short term price fall back to the 1.3830 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3777
If Short -- exit all contracts at ... 1.3889
VIT Weekly Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 09/05/14
Volatility Analysis
On 09/05/14, British Pound / US Dollar closed down -0.0021 at 1.6852
Statistical Change from
Volatility Previous period
10-period 10.7880 -0.62
21-period 13.0521 -0.08
39-period 13.8884 -0.43
90-period 17.5286 0.00
Bollinger Bands are 37.25% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 80.5699. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 64.43.This is not a topping or bottoming area. The last signal was a buy 60 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 146.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. 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 7 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 44 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 44 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 12 period(s) ago.
Summary
The current market condition for British Pound / 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.
Analysis of activity through 09/05/14
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, would look to partial profits on any retracement to 1.6474. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6474. Be prepared for a potential short term price fall back to the 1.6411 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6252
If Short -- exit all contracts at ... 1.6996
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 13/05/14
Volatility Analysis
On 13/05/14, Euro Dollar / US Dollar closed up 0.0001 at 1.3756
Statistical Change from
Volatility Previous period
10-period 5.8240 -0.15
21-period 4.3905 -0.40
39-period 4.7468 -0.54
90-period 6.1953 -0.00
Bollinger Bands are 24.61% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 4.8116. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 3 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 40.64.This is not a topping or bottoming area. The last signal was a sell 140 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -149.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. 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 sell 2 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 5 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 174 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 13 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 2 period(s) ago.
Summary
The current market condition for Euro Dollar / US Dollar is: 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 below its 30 period moving average.
Euro Dollar / US Dollar(EURUSD)
Analysis of activity through 13/05/14
The current trend is down and all orders on the short side may be considered.
If already holding short positions, would look to take partial profits at any retracement to 1.3993. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3993. Be prepared for a potential short term price pull back to the 1.3828 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3745
If Short -- exit all contracts at ... 1.3993
VIT Weekly Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 16/05/14
Volatility Analysis
On 16/05/14, Euro Dollar / US Dollar closed down -0.0068 at 1.3692
10-period 11.6389 -0.33
21-period 14.3372 -0.01
39-period 16.0595 0.08
90-period 19.1193 -0.17
Bollinger Bands are 41.12% narrower than normal. Euro 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 35.1662. 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 49.94.This is not a topping or bottoming area. The last signal was a sell 158 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 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 6 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 44 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 196 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 45 period(s) Ago.
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 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.
Euro Dollar / US Dollar(EURUSD)
Analysis of activity through 16/05/14
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 1.3648. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.3648. Be prepared for a potential short term price fall back to the 1.3587 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3477
If Short -- exit all contracts at ... 1.3993
VIT Daily Analysis
Review of Australian Dollar / US Dollar (AUDUSD)
as of 20/05/14
Volatility Analysis
On 20/05/14, Australian Dollar / US Dollar closed down -0.0022 at 0.9304
Period Statistics Change
10-period 4.1804 -1.70
21-period 6.0642 0.05
39-period 7.5298 -0.17
90-period 9.9134 -0.19
Bollinger Bands are 46.60% 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 13.6528. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 7 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 48.56.This is not a topping or bottoming area. The last signal was a sell 27 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -42. 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 sell 1 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 56 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 89 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 5 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 10 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 above its 90 period moving average.
The close is currently below its 30 period moving average.
Australian Dollar / US Dollar(AUDUSD) Analysis of activity through 20/05/14
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 0.9301. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9252.
Be prepared for a potential short term price pull back to the 0.9322 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 0.9203
If Short -- exit all contracts at ... 0.9409
VIT Weekly Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 23/05/14
Volatility Analysis
On 23/05/14, British Pound / US Dollar closed up 0.0017 at 1.6830
Statistical Change from
Volatility Previous period
10-period 10.4106 -0.46
21-period 12.6916 -0.46
39-period 13.7311 -0.11
90-period 17.4835 -0.01
Bollinger Bands are 37.09% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 52.0428. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 62.97.This is not a topping or bottoming area. The last signal was a buy 62 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 93. 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 sell 9 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 46 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 46 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 14 period(s) ago.
Summary
The current market condition for British Pound / 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.
British Pound / US Dollar(GBPUSD) Analysis of activity through 23/05/14
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 1.6474. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6474. Be prepared for a potential short term price fall back to the 1.6477 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6382
If Short -- exit all contracts at ... 1.6996