Intra Day Trading - page 2
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USD/CHF DAILY as of Tuesday, 18 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 17/06/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.
For the past 50 Daily candlestick bars as of 17/06/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.
A Daily spinning top has formed (a spinning top 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 currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Swiss Franc's price has decreased 3.97%, and has fluctuate from a high of 0.979 to a low of 0.913.
RSI signal was a Sell 16 period(s) ago and DMI signal was a BUY 26 period(s) ago.
SAR signal was a Sell 11 period(s) ago and 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 / Swiss Franc is Very Bearish
On 17/06/2013, US Dollar / Swiss Franc closed above the lower Bollinger Band by 15.8%. Bollinger Bands are 138.47% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to US Dollar / Swiss Franc's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 7 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for US Dollar / Swiss Franc. 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. An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/06/2013. This is usually a trade set-up opportunity
The present wave patterns are:
fast amplitude (8%): bullish wave 3
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
Elliott Waves High Volatility has detected an Isolated High at 0.93one bar ago; this is usually a bearish sign
US Dollar / Swiss Franc is long term Bearish as the 144 days moving average of 0.94 is decreasing. The Relative Strength Index is at 37.02 in the neutral territory. The Relative Momentum Index is at 29.36 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 26.92. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYUSDCHF
Buy Target: 0.9234
Buy Stop: 0.9199
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/GBP DAILY as of Thursday, 20 June, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 20/06/2013, there are 5 white candles versus 4 black candles with a net of 1 white candles.
For the past 50 Daily candlestick bars as of 20/06/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.
A Daily 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.
MACD is currently BULLISH. The MACD is currently above the signal line and the MACD has cross above the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has increased 0.02%, and has fluctuate from a high of 0.859 to a low of 0.854. The RSI has just reached its highest value in the last 14 period(s) which is BULLISHsignal with SAR signal a Buy 2 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 Euro Dollar / British Pound is Very Bullish
Euro Dollar / British Pound broke above the down trendline at 0.86, 1 day(s) ago. This is a bullish sign with the down trendline currently with an ending point at 0.86, providing downside support. Prices having risen 0.02% since the breakout, the validity of the breakout is questionable. The recent confirmed up trendline for Euro Dollar / British Pound has an ending point currently at 0.85. Expect prices to have some difficulty falling below this trendline. A break below this trendline (particularly on heavy trading) would be a bearish sign.
Euro Dollar / British Pound move below the upper Bollinger Band by 10.3%. Bollinger Bands are 45.67% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / British Pound'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.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
Euro Dollar / British Pound is long term Bullish as the 144 days moving average of 0.84 is increasing. The Relative Strength Index is at 62.85 in the neutral territory. The Relative Momentum Index is at 60.19 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 100.00. This value is in the overbought territory.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
*** Intra-Daily Trading Strategy: SELLEURGBP
Sell Target:0.8579
Sell Stop: 0.8595
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/JPY DAILY as of Thursday, 20 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 20/06/2013, there are 7 white candles versus 3 black candles with a net of 4 white candles.
For the past 50 Daily candlestick bars as of 20/06/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.
A Daily spinning top has formed (a spinning top 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 Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create threeDaily white soldiers, the steady upward pattern is bullish.
Euro Dollar / Japanese Yen broke above the upside resistance level of 126.53, 2 day(s) ago. This is a bullish sign. This previous resistance level of 126.53 may now provide downside support. Prices having only risen 0.13% since the breakout, the validity of the breakout is questionable. The most recently confirmed downside support level for Euro Dollar / Japanese Yen is around 119.76. Expect prices to have some difficulty falling below this level. A break below this level with heavy trading would be a bearish sign.
MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen's price has decreased 2.71%, and has fluctuate from a high of 132.741 to a low of 124.961.
Stochastic signal was a Buy 8 Period(s) ago and SAR signal was a Sell 5 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 / Japanese Yen is Mildly Bullish
Euro Dollar / Japanese Yen closed above the lower Bollinger Band by 33.3%. Bollinger Bands are 3.20% 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 High at 128.75one 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 1
moderate amplitude (13%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 122.74 is increasing. The Relative Strength Index is at 46.63 in the neutral territory. The Relative Momentum Index is at 36.61 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.90, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 66.35. This value is in the neutral territory.
*** Intra-Daily Trading Strategy: SELLEURJPY
Sell Target:127.8910
Sell Stop: 128.8950
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/USD DAILYas ofFriday, 21 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 21/06/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.
For the past 50 Daily candlestick bars as of 21/06/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is currently BULLISH as the MACD is currently above the signal line. The MACD crossed above the signal line 15 period(s) ago since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.59%, and has fluctuate from a high of 1.342 to a low of 1.293.
RSI moves out of an overbought/oversold area and generate a Sell 2 period(s) Ago.
Directional Movement Indicators (DMI) signal was a BUY 16 period(s) ago.
SAR signal was a Sell 1 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 37.3%. Bollinger Bands are 52.17% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 8 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
Please note that all wave counts are based on the high low price in this commentary!
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. An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 21/06/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.32one bar ago ; this is usually a bullish
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 1.31 is increasing. The Relative Strength Index is at 56.67 in the neutral territory. The Relative Momentum Index is at 69.38 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 2.75. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYEURUSD
Buy Target: 1.3266
Buy Stop: 1.3179
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/USD DAILYas ofMonday, 24 June, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars there are 27 white candles versus 23 black candles with a net of 4 white candles.
A Daily 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 Daily spinning top has formed (a spinning top 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 Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create threeDaily black crows, the steady downward pattern is bearish.
MACD is currently BEARISH. The MACD is currently 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 0.22%, and has fluctuate from a high of 1.325 to a low of 1.309.
RSI moves out of an overbought/oversold area. The last signal was a Sell 3 period(s) Ago.
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 prices has not. This is a BEARISH DIVERGENCE.
SAR signal was a Sell 2 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
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 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 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.31 is increasing. The Relative Strength Index is at 45.91 in the neutral territory. The Relative Momentum Index is at 59.85 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 0.00. This value is in the oversold territory.
Euro Dollar / US Dollar closed above the lower Bollinger Band by 39.0%. Bollinger Bands are 44.79% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 9 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
*** Intra-Daily Trading Strategy: BUYEURUSD
Buy Target: 1.3108
Buy Stop: 1.3065
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
USD/JPY DAILY as of Tuesday, 25 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars there are 7 white candles versus 3 black candles with a net of 4 white candles.
For the past 50 Daily candlestick bars there are 28 white candles versus 22 black candles with a net of 6 white candles.
A Daily spinning top has formed (a spinning top 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 currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 0 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has fluctuate from a high of 98.051 to a low of 97.469.
The Directional Movement Indicators (DMI) currently not indicating any specific price direction.
Stochastic signal and SAR signal was a Buy 4 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 47.7%. Bollinger Bands are 87.87% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 12 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
Please note that all wave counts are based on the high low price in this commentary!
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 25/06/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated High at 98.69one bar ago; this is usually a bearish sign
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern!
The present wave patterns are:
fast amplitude (8%): bullish wave 4
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 94.11 is increasing. The Relative Strength Index is at 48.46 in the neutral territory. The Relative Momentum Index is at 44.50 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.42, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 97.06. This value is in the overbought territory.
*** Intra-Daily Trading Strategy: SELLUSDJPY
Sell Target:97.4830
Sell Stop: 98.3490
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
XAU/USD DAILY as of Thursday, 27 June, 2013
A Daily big black candle has formed. This is a bearish candle as prices closed significantly lower than they opened. 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 (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
For the past 10 Daily candlestick bars as of 26/06/2013, there are 2 white candles versus 8 black candles with a net of 6 black candles.
For the past 50 Daily candlestick bars as of 26/06/2013, there are 22 white candles versus 28 black candles with a net of 6 black candles.
Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create threeDaily black crows, the steady downward pattern is bearish.
MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Gold / US Dollar's price has decreased 7.59%, and has fluctuate from a high of 1,375.990 to a low of 1,221.980.
The MACD is in an oversold range. Prices might continue to move lower for some time. Wait for prices to move higher before considering any buying.Momentum Oscillator is in an oversold condition
RSI signal was a Buy 4 period(s) ago and SAR signal was a Sell 7 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 Gold / US Dollar is Very Bearish
Gold / US Dollar closed above the lower Bollinger Band by 4.8%. Bollinger Bands are 126.51% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Gold / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 4 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
Elliott Waves High Volatility has detected an Isolated Low at 1,221.98one bar ago ; this is usually a bullish sign
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
The present wave patterns are:
fast amplitude (8%): bearish wave 3
moderate amplitude (13%): bearish wave 1
normal amplitude (21%): bearish wave 1
Gold / US Dollar is long term Bearish as the 144 days moving average of 1,506.26 is decreasing. The Relative Strength Index is at 28.03 in the oversold territory. The Relative Momentum Index is at 13.24 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -105.61, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 15.49. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYXAUUSD
Buy Target: 1,250.2467
Buy Stop: 1,220.7234
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/USD DAILYas ofThursday, 27 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 27/06/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 27/06/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.71%, and has fluctuate from a high of 1.325 to a low of 1.298.
Directional Movement Indicators (DMI) signal was a SELL 1 period(s) ago.
RSI signal was a Sell 6 period(s) Ago.
There were no SAR signals generated today. The lastSAR signal was a Sell 5 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
On 27/06/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 19.9%. Bollinger Bands are 19.72% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Please note that all wave counts are based on the high low price in this commentary!
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.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 27/06/2013. This is usually a trade set-up
opportunity Elliott Waves High Volatility has detected an Isolated Low at 1.30one bar ago ; this is usually a bullish sign
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 1.31 is increasing. The Relative Strength Index is at 42.20 in the neutral territory. The Relative Momentum Index is at 46.33 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 1.42. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYEURUSD
Buy Target: 1.3040
Buy Stop: 1.2992
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
USD/JPY DAILY as of Friday, 28 June, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 28/06/2013, there are 8 white candles versus 2 black candles with a net of 6 white candles.
For the past 50 Daily candlestick bars as of 28/06/2013, there are 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.78%, and has fluctuate from a high of 98.958 to a low of 97.064.
Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. There were no Stochastic Buy or Sell signals generated today. Stochastic signal was a Buy 7 Period(s) Ago.
RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.
SAR signal was a Buy 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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 29.9%. Bollinger Bands are 41.38% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 15 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.
US Dollar / Japanese Yen broke above the upside resistance level of 96.97, 6 day(s) ago. This is a bullish sign. This previous resistance level of 96.97 may now provide downside support. And with prices having only risen 1.87% since the breakout, the validity of the breakout is questionable.
Please note that all wave counts are based on the high low price in this commentary!
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern
The present wave patterns are:
fast amplitude (8%): bullish wave 4
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 94.29 is increasing. The Relative Strength Index is at 53.50 in the neutral territory. The Relative Momentum Index is at 49.29 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 95.65. This value is in the overbought territory.
*** Intra-Daily Trading Strategy: SELLUSDJPY
Sell Target:98.5127
Sell Stop: 99.3613
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
EUR/USD DAILYas ofMonday, 01 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 28/06/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 28/06/2013, there are 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.76%, and has fluctuate from a high of 1.325 to a low of 1.298.
Directional Movement Indicators (DMI) signal was a SELL 2 period(s) ago.
RSI moves out of an overbought/oversold area. The last signal was a Sell 7 period(s) ago and SAR signal was a Sell 6 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
On 28/06/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 18.9%. Bollinger Bands are 20.78% wider than normal.
Euro Dollar / US Dollar is in a trading range bounded by upside resistance around 1.32and downside support around 1.28.
Please note that all wave counts are based on the high low price in this commentary!
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 1.31 is increasing. The Relative Strength Index is at 41.89 in the neutral territory. The Relative Momentum Index is at 44.89 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 3.18. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYEURUSD
Buy Target: 1.3071
Buy Stop: 1.2951
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!