Intra Day Trading - page 37

 

Euro Dollar / US Dollar-EURUSDAs of 28/12/15

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

Sell Target:1.0955

Enter NewSELLon OPEN and exitSELLpositions 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 23 white candles versus 26 black candles with a net of 3 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.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 21 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.58%, and has been fluctuating from a high of 1.106 to a low of 1.053.

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 8 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 19 day(s) ago.

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 17 day(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 17 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

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

Euro Dollar / US Dollar closed below the upper Bollinger Band by 31.4%. Bollinger Bands are 21.56% 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-GBPUSDAs of 29/12/15

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

Sell Target:1.4766

Enter NewSELLon OPEN and exitSELLpositions 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 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 17 white candles versus 31 black candles with a net of 14 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 8 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.71%, and has been fluctuating from a high of 1.500 to a low of 1.470.

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 Sell 10 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 81 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.

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

The 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 148 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 8 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

British Pound / US Dollar closed above the lower Bollinger Band by 20.4%. Bollinger Bands are 5.40% 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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US Dollar / Japanese Yen-USDJPYAs of 30/12/15

*** Intra-Daily Trading Strategy: SELLUS Dollar / Japanese Yen

Sell Target:120.3096

Enter NewSELLon OPEN and exitSELLpositions 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 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 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 26 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.69%, and has been fluctuating from a high of 123.667 to a low of 120.034.

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 12 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 29 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

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

The last Directional Movement Indicators (DMI) signal was a BUY 41 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 4 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

US Dollar / Japanese Yen closed above the lower Bollinger Band by 23.6%. Bollinger Bands are 19.06% 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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Weekly US Dollar / Japanese Yen-USDJPYAs of 01/01/16

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

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

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

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

The MACD crossedbelow the signal line 3 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.57%, and has been fluctuating from a high of 123.538 to a low of 119.998.

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 164 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 29 week(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

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

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 18 week(s) ago.

There were no SAR signals generated today. The lastSAR signal was a Buy 8 week(s) Ago.

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 US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 33.3%. Bollinger Bands are 45.63% 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 week(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

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Euro Dollar / US Dollar-EURUSDAs of 04/01/16

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

Buy Target: 1.0919

Enter NewBUYon OPEN and exitBUYpositions 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 22 white candles versus 27 black candles with a net of 5 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 2 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.30%, and has been fluctuating from a high of 1.095 to a low of 1.078.

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 Sell 13 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 24 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

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

The last Directional Movement Indicators (DMI) signal was a SELL 1 day(s) ago.

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

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

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 8.6%. Bollinger Bands are 55.80% 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 3 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

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British Pound / US Dollar-GBPUSDAs of 05/01/16

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

Sell Target:1.4633

Enter NewSELLon OPEN and exitSELLpositions 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 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 16 white candles versus 32 black candles with a net of 16 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 13 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 1.69%, and has been fluctuating from a high of 1.500 to a low of 1.464.

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 Sell 15 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 86 day(s) ago.

Currently the RSI does not show any Failure Swings. The price of British Pound / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

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

The last Directional Movement Indicators (DMI) signal was a BUY 153 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 13 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

British Pound / US Dollar closed above the lower Bollinger Band by 14.7%. Bollinger Bands are 26.89% 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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US Dollar / Japanese Yen-USDJPYAs of 06/01/16

*** Intra-Daily Trading Strategy: BUYUS Dollar / Japanese Yen

Buy Target: 119.0353

Enter NewBUYon OPEN and exitBUYpositions 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 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossedbelow the signal line 31 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.22%, and has been fluctuating from a high of 123.667 to a low of 118.250.

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 17 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 34 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

Currently, the Momentum Oscillator is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a BUY 46 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 9 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

US Dollar / Japanese Yen closed below the lower Bollinger Band by 4.9%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 15.74% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

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Weekly US Dollar / Japanese Yen-USDJPYAs of 08/01/16

*** Intra-Weekly Trading Strategy: SELLUS Dollar / Japanese Yen

Sell Target:116.1423

Enter NewSELLon OPEN and exitSELLpositions 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 bigbearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

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

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 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. It signifies that the momentum may be shifting from the bulls to the bears.

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

The MACD crossedbelow the signal line 4 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.09%, and has been fluctuating from a high of 123.538 to a low of 117.216.

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 Sell 165 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 30 week(s) ago.

The RSI has just reached its lowest value in the last 14 week(s). This is BEARISH signal.

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

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 19 week(s) ago.

A SAR Sell signal generated today. If you are long, this might be a good place to exit.

The close is currently

ABOVE its 200 weekly moving average

BELOW its 50 weekly moving average

BELOW its 20 weekly moving average

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

US Dollar / Japanese Yen closed below the lower Bollinger Band by 11.8%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 34.95% 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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Euro Dollar / US Dollar-EURUSDAs of 11/01/16

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

Sell Target:1.0824

Enter NewSELLon OPEN and exitSELLpositions 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 3 white candles versus 7 black candles with a net of 4 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 BEARISH as the MACD is below the signal line.

The MACD crossedbelow the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.095 to a low of 1.071.

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 18 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 29 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

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

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 6 day(s) ago.

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

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

Euro Dollar / US Dollar closed above the lower Bollinger Band by 37.1%. Bollinger Bands are 51.33% 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 8 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 
British Pound / US Dollar-GBPUSDAs of 12/01/16

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

Sell Target:1.4340

Enter NewSELLon OPEN and exitSELLpositions 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 bigbearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

The previous 10 candlestick bars, there are 1 white candles versus 9 black candles with a net of 8 black candles.

The previous 50 candlestick bars, there are 15 white candles versus 33 black candles with a net of 18 black candles.

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

If the engulfing bearish pattern occurs during a downtrend (which is the case with British Pound / US Dollar), 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 18 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 3.28%, and has been fluctuating from a high of 1.500 to a low of 1.435.

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 Sell 20 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 1 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

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

The last Directional Movement Indicators (DMI) signal was a BUY 158 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 18 day(s) ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

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

British Pound / US Dollar closed below the lower Bollinger Band by 3.7%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 13.59% 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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