Intra Day Trading - page 10
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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 22 black candles with a net of 5 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.60%, and has been fluctuating from a high of 1.382 to a low of 1.355. The MACD is currently not in an Overbought/Oversold range.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 31.9%. Bollinger Bands are 47.05% 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 7 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
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 56.83 in the neutral territory. The Relative Momentum Index is at 70.30 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 45.93. This value is in the neutral territory.
Euro Dollar / US Dollar is currently 2.7% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 23 periods.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar
Buy Target: 1.6436
Buy Stop: 1.6393
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 30 white candles versus 20 black candles with a net of 10 white candles.
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, British Pound / US Dollar's price has decreased 0.00%, and has been fluctuating from a high of 1.652 to a low of 1.634. MACD is currently not in an Overbought/Oversold range.
RSI signal was a Sell 9 period(s) ago.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Sell 7 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 above the lower Bollinger Band by 46.0%. Bollinger Bands are 47.74% 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 2 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 15/01/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish 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 1.60 is increasing. The Relative Strength Index is at 51.94 in the neutral territory. The Relative Momentum Index is at 63.78 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 13.00. This value is in the oversold territory.
British Pound / US Dollar is currently 4.3% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into GBPUSD (bullish). Our trend forecasting oscillators are currently bearish on GBPUSD and have had this outlook for the last 4 periods.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
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 26 white candles versus 23 black candles with a net of 3 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.35%, and has been fluctuating from a high of 1.382 to a low of 1.352.
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 70 period(s) ago.
SAR signal was a Buy 5 period(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 Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 46.0%. Bollinger Bands are 52.25% 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 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
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 51.74 in the neutral territory. The Relative Momentum Index is at 66.62 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 26.08. This value is in the oversold territory.
Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
*** Intra-Daily Trading Strategy: BUYEuro Dollar / Japanese Yen
Buy Target: 141.7183
Buy Stop: 140.8707
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!!!!!
Euro Dollar / Japanese Yen broke below the up trendline at 142.36,7 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 143.48, now provide upside resistance. Prices have only declined 0.60% since the breakout.
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 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen's price has decreased 1.30%, and has been fluctuating from a high of 144.978 to a low of 140.313. MACD is currently not Overbought or Oversold.
Stochastic Oscillatoris currently below 20 being "oversold". Stochastic was a Buy 5 Period(s) Ago.
Directional Movement Indicators (DMI) and SAR was a SELL 2 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / Japanese Yen is Bullish
Euro Dollar / Japanese Yen closed above the lower Bollinger Band by 24.6%. Bollinger Bands are 12.76% 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 an Isolated Low at 140.31one bar ago ; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 135.49 is increasing. The Relative Strength Index is at 48.01 in the neutral territory. The Relative Momentum Index is at 55.27 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.10, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 35.43. This value is in the neutral territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
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 22 black candles with a net of 5 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 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 increased 0.66%, and has been fluctuating from a high of 1.382 to a low of 1.351. MACD is currently not in any Overbought or /Oversold range.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 32.1%. Bollinger Bands are 60.47% 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 9 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
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 56.22 in the neutral territory. The Relative Momentum Index is at 66.66 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 32.52. This value is in the neutral territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar
Buy Target: 1.6629
Buy Stop: 1.6552
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 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.33%, and has been fluctuating from a high of 1.667 to a low of 1.645. The MACD is currently not in an Overbought or Oversold range.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 4 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 4.8%. Bollinger Bands are 36.29% 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
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.61 is increasing. The Relative Strength Index is at 61.11 in the neutral territory. The Relative Momentum Index is at 72.68 in the overbought 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 56.70. This value is in the neutral territory.
British Pound / US Dollar is currently 5.1% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Trend forecasting oscillators are currently bullish on GBPUSD and have had this outlook for the last 3 periods.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
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 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 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.29%, and has been fluctuating from a high of 1.382 to a low of 1.351. MACD is currently not in any Overbought or Oversold range.
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.
SAR signal was a Buy 7 period(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 Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 37.2%. Bollinger Bands are 66.32% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 10 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated Low at 1.35one 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 1.37one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 51.38 in the neutral territory. The Relative Momentum Index is at 63.09 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 15.06. This value is in the oversold territory.
Euro Dollar / US Dollar is currently 1.8% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 26 periods.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar
Buy Target: 1.6314
Buy Stop: 1.6294
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 4 white candles versus 5 black candles with a net of 1 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 21 black candles with a net of 7 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 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.78%, and has been fluctuating from a high of 1.648 to a low of 1.629.
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 being in an "oversold" condition.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
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.
SAR signal was a Sell 1 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 British Pound / US Dollar is Mildly Bullish
British Pound / US Dollar closed above the lower Bollinger Band by 7.0%. Bollinger Bands are 30.33% 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 04/02/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.63one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish 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 1.61 is increasing. The Relative Strength Index is at 40.46 in the neutral territory. The Relative Momentum Index is at 50.34 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 0.00. This value is in the oversold territory.
British Pound / US Dollar is currently 3.0% above its 200-period moving average and is in an downward trend. Trend forecasting oscillators are currently bearish on GBPUSD and have had this outlook for the last 0 periods.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
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 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossedbelow the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.36%, and has been fluctuating from a high of 1.382 to a low of 1.348. MACD is currently not Overbought or Oversold.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 42.3%. Bollinger Bands are 65.68% 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 11 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
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 54.11 in the neutral territory. The Relative Momentum Index is at 62.59 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 27.21. This value is in the oversold territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: BUYAustralian Dollar / US Dollar
Buy Target: 0.9030
Buy Stop: 0.8912
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!!!!!
Australian Dollar / US Dollar broke above the down trendline at 0.89, 5 days ago. This is a bullish sign. This down trendline, currently with an ending point at 0.88, now provide downside support. Prices having only risen 1.00% since the breakout.
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 26 white candles versus 24 black candles with a net of 2 white candles.
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, Australian Dollar / US Dollar's price has increased 2.96%, and has been fluctuating from a high of 0.901 to a low of 0.873. MACD is currently not in any Overbought or Oversold range.
Stochastic Oscillatoris currently above 80 indicating an "overbought" condition.
RSI last signal was a Buy 37 period(s) ago and RSI has just reached its highest value in the last 14 periods. This is BULLISHsignal.
Directional Movement Indicators (DMI) and SAR was a BUY 6 periods 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 Australian Dollar / US Dollar is Mildly Bearish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 2.6%. Bollinger Bands are 19.91% 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 an Isolated Low at 0.89one 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 5
moderate amplitude (13%): bearish wave 3
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.92 is decreasing. The Relative Strength Index is at 60.12 in the neutral territory. The Relative Momentum Index is at 57.11 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 97.22. This value is in the overbought territory.
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish