Intra Day Trading - page 8

 

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

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

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.47%, and has been fluctuating from a high of 1.383 to a low of 1.310. The MACD is currently not in any Overbought/Oversold range.

Stochastic was a Sell 9 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 36.2%. Bollinger Bands are 29.96% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

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

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

Buy Target: 1.3521

Buy Stop: 1.3485

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

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

Do not 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 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.51%, and has been fluctuating from a high of 1.374 to a low of 1.345. The MACD is currently not in any Overbought/Oversold range.

Stochastic Oscillatoris currently below 20 indicating an "oversold" condition. was a Sell 5 period(s) ago.

Directional Movement Indicators (DMI) and SAR signal was a SELL 3 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Mildly Bullish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 22.5%. Bollinger Bands are 8.74% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

Files:
eur-daily1.png  38 kb
eur-daily2.png  28 kb
 

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

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

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.68%, and has been fluctuating from a high of 1.383 to a low of 1.310.

Stochastic was a Sell 9 Period(s) Ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of Euro Dollar / US Dollar has not. This is a BEARISH DIVERGENCE.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction should not initiate any trades right now. A SAR Sell signal generated last week. If you are long, this might be a good place to exit.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 47.1%. Bollinger Bands are 30.50% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

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

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

Sell Target:1.3435

Sell Stop: 1.3463

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

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

Do not 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 31 white candles versus 19 black candles with a net of 12 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.95%, and has been fluctuating from a high of 1.374 to a low of 1.330.

A Stochastic BUY signal was generated today. The Stochasticindicator is currently generating a BUY signal against the direction of the major trend.

RSI was a Sell 11 period(s) ago and currently, the Momentum Oscillator is in an oversold condition.

Directional Movement Indicators (DMI) and SAR signal was a SELL 9 period(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Mildly Bullish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 24.2%. Bollinger Bands are 41.76% wider than normal.

Euro Dollar / US Dollar broke above the upside resistance level of 1.34, 2 days ago. This is a bullish sign. This previous resistance level of 1.34 may now provide downside support. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level would be a bearish sign.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

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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 26 white candles versus 23 black candles with a net of 3 white candles.

A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 16 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.63%, and has been fluctuating from a high of 1.383 to a low of 1.310.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction.

SAR signal was a Sell 1 period(s) ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish.Euro Dollar / US Dollar appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed upside resistance level for Euro Dollar / US Dollar is around 1.49. Expect prices to have some difficulty rising above this level. A break above this level would be a bullish sign. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.21. Expect prices to have some difficulty falling below this level. A break below this level would be a bearish sign.

Euro Dollar / US Dollar closed below the upper Bollinger Band by 35.1%. Bollinger Bands are 33.58% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

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

Sell Target:1.6100

Sell Stop: 1.6132

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

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

Do not 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 30 white candles versus 20 black candles with a net of 10 white candles.

A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.05%, and has been fluctuating from a high of 1.615 to a low of 1.608. The MACD is currently not in any Overbought/Oversold range.

Stochastic Oscillatoris currently above 80 indicating an "overbought" condition. Stochastic was a Buy 4 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating any specific price direction. There were no SAR signals generated today. The lastSAR signal was a Buy 3 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

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

British Pound / US Dollar closed below the upper Bollinger Band by 34.3%. Bollinger Bands are 43.72% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 19/11/13. This is usually a trade set-up opportunity

Elliott Waves High Volatility has detected an Isolated High at 1.61one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 3

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

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gbp-daily2.png  50 kb
 

A white body has formed as prices closed higher than open.

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

The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 17 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.10%, and has been fluctuating from a high of 1.383 to a low of 1.310. The MACD is currently not in an Overbought/Oversold range.

The ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction

SAR signal was a Sell 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 Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 28.8%. Bollinger Bands are 44.00% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

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

Sell Target:1.6143

Sell Stop: 1.6182

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

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

Do not 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 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.623 to a low of 1.606. The MACD is currently not in an Overbought/Oversold range.

Stochastic Oscillatoris currently above 80 which is an indication of being in an "overbought". Stochastic was a Buy 9 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

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

British Pound / US Dollar closed below the upper Bollinger Band by 24.7%. Bollinger Bands are 39.70% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

The present wave patterns are:

fast amplitude (8%): bullish wave 3

Elliott Waves High Volatility has detected an Isolated Low at 1.61one 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 1.62one bar ago; this is usually a bearish sign that is not to be used alone!

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.58 is increasing. The Relative Strength Index is at 55.20 in the neutral territory. The Relative Momentum Index is at 65.54 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 78.25. This value is in the overbought territory.

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gbp-daily.png  44 kb
gbp-daily2.png  51 kb
 

A white body has formed as prices closed higher than open.

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

The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 0.36%, and has been fluctuating from a high of 0.976 to a low of 0.894. The MACD is currently not in an Overbought/Oversold range.

Stochastic was a Sell 4 Period(s) Ago.

Directional Movement Indicators (DMI) signal was a SELL 5 period(s) ago while SAR signal was a Sell 2 period(s) ago.

The close is currently

BELOW its 200 weekly moving average

BELOW its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for Australian Dollar / US Dollar is Very Bearish

Australian Dollar / US Dollar closed above the lower Bollinger Band by 35.1%. Bollinger Bands are 25.85% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 02/12/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected an Isolated Low at 0.91one bar ago ; this is usually a bullish sign that is not to be used alone!

The present wave patterns are:

fast amplitude (8%): bearish wave 4

moderate amplitude (13%): bullish wave 4

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

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

Buy Target: 1.3544

Buy Stop: 1.3513

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

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

Do not 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 31 white candles versus 19 black candles with a net of 12 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.18%, and has been fluctuating from a high of 1.362 to a low of 1.346. The MACD is currently not in an Overbought/Oversold range.

The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.

Directional Movement Indicators (DMI) currently is not indicating a specific price direction.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 37.6%. Bollinger Bands are 38.04% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Technical Outlook

Short Term: Neutral

Intermediate Term: Bearish

Long Term: Bullish

Files:
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eur-daily2.png  35 kb
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