Intra Day Trading - page 25

 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 31 white candles versus 19 black candles with a net of 12 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.

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

The MACD crossedbelow the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.85%, and has been fluctuating from a high of 122.015 to a low of 116.873.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

The Stochastic Oscillatoris 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 123 Period(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 period(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 78 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 2 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 33.9%. Bollinger Bands are 24.11% 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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VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 23/03/15

Volatility Analysis

On 23/03/15, Euro Dollar / US Dollar closed up 0.0133 at 1.0941

Period StatisticalChange

10-period 24.3545 1.08

21-period 19.5008 0.89

39-period 17.3687 0.11

90-period 14.7442 0.23

Bollinger Bands are 88.21% wider than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 58.3859. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 48.86.This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)

The current value of the CCI is 57. This is not a topping or bottoming area.The last signal was a buy 5 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 Sell 22 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Sell 109 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 14 period(s) Ago.

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 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.

Analysis of activity through 23/03/15

close: 1.0941

Be prepared for a potential short term price fall back to the 1.0783 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 1.1029. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1031.EUR/USD DAILYas ofTuesday, 24 March, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 23/03/15

Volatility Analysis

On 23/03/15, Euro Dollar / US Dollar closed up 0.0133 at 1.0941

Period StatisticalChange

10-period 24.3545 1.08

21-period 19.5008 0.89

39-period 17.3687 0.11

90-period 14.7442 0.23

Bollinger Bands are 88.21% wider than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 58.3859. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 48.86.This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)

The current value of the CCI is 57. This is not a topping or bottoming area.The last signal was a buy 5 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 Sell 22 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Sell 109 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 14 period(s) Ago.

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 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.

Analysis of activity through 23/03/15

close: 1.0941

Be prepared for a potential short term price fall back to the 1.0783 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 1.1029. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1031.

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VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)

as of 24/03/15

Volatility Analysis

On 24/03/15, British Pound / US Dollar closed down -0.0119 at 1.4830

Period StatisticalChange

10-period 16.6084 0.49

21-period 13.6885 0.04

39-period 11.9074 0.21

90-period 10.2423 0.11

Bollinger Bands are 95.97% wider than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 52.4266. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 40.16.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 -37. This is not a topping or bottoming area.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 sell 15 period(s) ago.

Trend Analysis

Aroon

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

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Buy 635 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 43 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.

Analysis of activity through 24/03/15

close: 1.4830

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 1.5157. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.5157. Be prepared for a potential short term price pull back to the 1.4993 area.

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A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 25 white candles versus 25 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 crossedbelow the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.77%, and has been fluctuating from a high of 121.404 to a low of 118.327.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

The Stochastic Oscillatoris 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 50 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 Sell 78 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 7 period(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 7 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Mildly Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 10.0%. Bollinger Bands are 25.47% 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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*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar Sell Target: 1.0798 Sell Stop: 1.0923 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 4 black candles with a net of 2 white candles. The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles. MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.19%, and has been fluctuating from a high of 1.105 to a low of 1.066. 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 192 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 8 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 1 period(s) ago. There were no SAR signals generated today. The last SAR signal was a Buy 8 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 upper Bollinger Band by 47.7%. Bollinger Bands are 58.02% wider than normal.

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*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar Buy Target: 1.4872 Buy Stop: 1.4698 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 6 white candles versus 4 black candles with a net of 2 white candles. The previous 50 candlestick bars, there are 21 white candles versus 29 black candles with a net of 8 black candles. A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.37%, and has been fluctuating from a high of 1.492 to a low of 1.475. 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 22 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 9 period(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 38 period(s) ago. There were no SAR signals generated today. The last SAR signal was a Buy 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 British Pound / US Dollar is Very Bearish British Pound / US Dollar closed above the lower Bollinger Band by 31.2%. Bollinger Bands are 24.46% 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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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 31 white candles versus 19 black candles with a net of 12 white candles.

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

The MACD crossedbelow the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.60%, and has been fluctuating from a high of 122.015 to a low of 116.873.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 125 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 Sell 2 period(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 80 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 4 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 42.0%. Bollinger Bands are 46.89% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US 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 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

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*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar

Sell Target:1.0884

Sell Stop: 1.1086

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 27 black candles with a net of 4 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossedabove the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.18%, and has been fluctuating from a high of 1.105 to a low of 1.066.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 197 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 13 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 BUY 1 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 13 period(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 Euro Dollar / US Dollar is Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 22.9%. Bollinger Bands are 24.24% 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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GBP/USD DAILY as of Wednesday, 08 April, 2015

*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.4776

Sell Stop: 1.4966

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 20 white candles versus 30 black candles with a net of 10 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossedabove the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.33%, and has been fluctuating from a high of 1.498 to a low of 1.474.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 27 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 14 period(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 DMI BUY reference point was crossed. If you are still buying, this might be a good place to stop out and prevent losses.

The last Directional Movement Indicators (DMI) signal was a BUY 1 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 14 period(s) Ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bearish

British Pound / US Dollar closed above the lower Bollinger Band by 38.1%. Bollinger Bands are 48.37% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

*** Intra-Daily Trading Strategy:SELLBritish Pound / US Dollar

Sell Target:1.4776

Sell Stop:1.4966

Enter NewSELLon OPEN and exitSELLpositions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverseafter exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50candlestick bars, there are 20 white candles versus 30 black candles with a net of 10 black candles.

MACDisBULLISH as the MACDis above the signal line.

The MACD crossedabove the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price hasdecreased0.33%, and has been fluctuating from a high of 1.498 to a low of 1.474.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergencesignals during the last 5 periods.

No Stochastic Buy or Sellsignals generated today. The last signal was aSell27 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 aBuy14 period(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 DMI BUY reference point was crossed. If you are still buying, this might be a good place to stop out and prevent losses.

The lastDirectional Movement Indicators (DMI) signal was aBUY1 period(s) ago.

There were no SAR signals generated today.The lastSAR signal was aBuy14 period(s) Ago.

The close is currently

BELOWits 200daily moving average

BELOWits 50daily moving average

BELOWits 20daily moving average

The current market condition for British Pound / US Dollar isVery Bearish

British Pound / US Dollar closed above the lowerBollinger Bandby 38.1%.Bollinger Bandsare48.37% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

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VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)

as of 10/04/15

Volatility Analysis

On 10/04/15, US Dollar / Japanese Yen closed up 0.5620 at 120.1990

Period StatisticalChange

10-period 13.7549 -0.14

21-period 19.7329 -0.67

39-period 22.2942 -0.29

90-period 20.6807 -0.13

Bollinger Bands are 50.45% narrower than normal. US Dollar / Japanese Yen 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 35.7465. 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 63.95.This is not a topping or bottoming area. The last signal was a sell 3 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 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 12 period(s) ago.

Trend Analysis

Aroon

There were no Aroon signals generated today. The last signal was a Buy 4 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Buy 83 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 71 period(s) ago.

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 US Dollar / Japanese Yen 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 10/04/15

close: 120.1990

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 118.2310. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 116.8730. Be prepared for a potential short term price fall back to the 117.3137 area.

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