Intra Day Trading - page 26

 

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 20 white candles versus 30 black candles with a net of 10 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 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.28%, and has been fluctuating from a high of 1.068 to a low of 1.052. The MACD is currently not in an Overbought/Oversold range. There have been no divergence signals during the last 5 periods. The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 202 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 18 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 4 period(s) ago. There were no SAR signals generated today. The last SAR signal was a Sell 2 period(s) ago. The close is currently BELOW its 200 daily moving average BELOW its 50 daily moving average BELOW its 20 daily moving average The current market condition for Euro Dollar / US Dollar is Very Bearish Euro Dollar / US Dollar closed above the lower Bollinger Band by 2.9%. Bollinger Bands are 2.21% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices. Euro Dollar / US Dollar broke below the downside support level of 1.06, 1 day ago. This is a bearish sign. This previous support level of 1.06 may now provide upside resistance.Prices having only declined 0.28% since the breakout, the validity of the breakout is questionable.

Files:
eur.png  37 kb
 

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar Buy Target: 1.4846 Buy Stop: 1.4526 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 0 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.480 to a low of 1.460. 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 32 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 19 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 Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 6 period(s) ago. There were no SAR signals generated today. The last SAR signal was a Sell 3 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 33.0%. Bollinger Bands are 27.73% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices. British Pound / US Dollar broke above the down trendline at 1.47, 1 day(s) ago. This is a bullish sign. This down trendline, currently with an ending point at 1.46, may now provide downside support. Prices only rise 0.69% since the breakout.

Files:
gbp.png  43 kb
 

USD/JPY WEEKLY as of Monday, 20 April, 2015

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.

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

The MACD crossedbelow the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.97%, 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 127 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 4 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 US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.

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

The last Directional Movement Indicators (DMI) signal was a SELL 82 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 6 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 above the lower Bollinger Band by 38.8%. Bollinger Bands are 48.64% 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 2 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

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.

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

The MACD crossedbelow the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.97%, 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 127 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 4 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 US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.

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

The last Directional Movement Indicators (DMI) signal was a SELL 82 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 6 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 above the lower Bollinger Band by 38.8%. Bollinger Bands are 48.64% 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 2 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Files:
jpy-weekly.png  38 kb
 

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 20/04/15

Volatility Analysis

On 20/04/15, Euro Dollar / US Dollar closed down -0.0054 at 1.0751

Period StatisticalChange

10-period 12.4207 0.15

21-period 13.1086 -0.75

39-period 16.7843 0.03

90-period 14.9434 0.02

Bollinger Bands are 29.07% narrower than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 78.3439. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 46.82.This is not a topping or bottoming area. The last signal was a buy 23 period(s) ago.

Commodity Channel Index (CCI)

The current value of the CCI is -1. This is not a topping or bottoming area.The last signal was a buy 3 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 7 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Sell 9 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 6 period(s) Ago.

Stop and Reverse (SAR)

There were no SAR signals generated today. The last signal was a Sell 7 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 03/02/15

close: 1.1455

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 1.1648. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1677. Be prepared for a potential short term price pull back to the 1.1497 area.USD/JPY WEEKLY as of Tuesday, 21 April, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 20/04/15

Volatility Analysis

On 20/04/15, Euro Dollar / US Dollar closed down -0.0054 at 1.0751

Period StatisticalChange

10-period 12.4207 0.15

21-period 13.1086 -0.75

39-period 16.7843 0.03

90-period 14.9434 0.02

Bollinger Bands are 29.07% narrower than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 78.3439. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 46.82.This is not a topping or bottoming area. The last signal was a buy 23 period(s) ago.

Commodity Channel Index (CCI)

The current value of the CCI is -1. This is not a topping or bottoming area.The last signal was a buy 3 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 7 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Sell 9 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 6 period(s) Ago.

Stop and Reverse (SAR)

There were no SAR signals generated today. The last signal was a Sell 7 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 03/02/15

close: 1.1455

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 1.1648. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1677. Be prepared for a potential short term price pull back to the 1.1497 area.

Files:
eur_2.png  38 kb
 

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

Buy Target: 1.4985

Buy Stop: 1.4805

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 7 white candles versus 3 black candles with a net of 4 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 crossedabove the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.12%, and has been fluctuating from a high of 1.505 to a low of 1.460.

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 37 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 24 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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 11 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 2 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 British Pound / US Dollar is Bearish

British Pound / US Dollar closed below the upper Bollinger Band by 19.3%. Bollinger Bands are 28.42% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Files:
gbp_1.png  44 kb
 

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 32 white candles versus 18 black candles with a net of 14 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).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 13 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.02%, 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 128 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 5 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 83 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 7 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 above the lower Bollinger Band by 42.1%. Bollinger Bands are 53.41% 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 3 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Files:
 

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)

as of 27/04/15

Volatility Analysis

On 27/04/15, Euro Dollar / US Dollar closed up 0.0005 at 1.0876

Period StatisticalChange

10-period 8.0204 -0.56

21-period 12.1534 -0.00

39-period 16.5975 -0.00

90-period 14.8292 0.00

Bollinger Bands are 36.81% narrower than normal.

Momentum Indicators

Stochastic Oscillator

The Stochastic Oscillator is 83.8385. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 8 period(s) ago.

Relative Strength Index (RSI)

The current value of the RSI is 54.29.This is not a topping or bottoming area. The last signal was a buy 28 period(s) ago.

Commodity Channel Index (CCI)

The current value of the CCI is 134.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 8 period(s) ago.

MACD Momentum Indicator

The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a buy 6 period(s) ago.

Trend Analysis

Aroon

There were no Aroon signals generated today. The last signal was a Sell 12 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Sell 14 period(s) ago.

MACD Trend Signal

There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 11 period(s) Ago.

Stop and Reverse (SAR)

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

Summary

The current market condition for Euro Dollar / US Dollar is: Bearish

The close is currently below its 200 period moving average.

The close is currently below its 90 period moving average.

The close is currently above its 30 period moving average.

Analysis of activity through 27/04/15

close: 1.0876

Be prepared for a potential short term price fall back to the 1.0796 area. If already holding short positions, we would look to take partial profits at any retracement to 1.0926. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.0926.

Files:
eur_3.png  37 kb
 

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 33 white candles versus 17 black candles with a net of 16 white candles.

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

The MACD crossedbelow the signal line 14 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.42%, 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 129 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 6 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 84 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 8 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 47.0%. Bollinger Bands are 53.71% 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 4 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Files:
jpy-weekly.png  39 kb
 

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

Sell Target:1.1106

Sell Stop: 1.1267

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 25 white candles versus 25 black candles.

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

The MACD crossedabove the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.68%, and has been fluctuating from a high of 1.129 to a low of 1.063.

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 217 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 33 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 is in an overbought 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 19 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 7 period(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 below the upper Bollinger Band by 9.1%. Bollinger Bands are 52.30% wider than normal.

Files:
eur_1.png  37 kb
 

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

Buy Target: 1.5231

Buy Stop: 1.5031

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 7 white candles versus 3 black candles with a net of 4 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 crossedabove the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 2.74%, and has been fluctuating from a high of 1.550 to a low of 1.460.

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 1 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 3 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 Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 21 period(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 12 period(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 British Pound / US Dollar is Mildly Bearish

British Pound / US Dollar closed below the upper Bollinger Band by 33.8%. Bollinger Bands are 91.25% wider than normal.

Files:
gbp.png  49 kb
Reason: