Intra Day Trading - page 24
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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 32 white candles versus 18 black candles with a net of 14 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, US Dollar / Japanese Yen's price has increased 1.53%, and has been fluctuating from a high of 120.471 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 120 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 7 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 75 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 10 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 34.0%. Bollinger Bands are 74.89% wider than normal.
*** Intra-Daily Trading Strategy: BUYEuro Dollar / US Dollar
Buy Target: 1.1223
Buy Stop: 1.1117
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 20 white candles versus 30 black candles with a net of 10 black candles.
A inverted hammer has formed. If this occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it implies a reversal. Look for a confirmation of the reversal on the bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A on-neck line has formed. This is a bearish pattern where prices should move lower when the white candlestick's (i.e., the most recent) low is penetrated.A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.44%, and has been fluctuating from a high of 1.153 to a low of 1.116.
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 172 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 20 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 94 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 below the lower Bollinger Band by 2.5%. Bollinger Bands are 21.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar
Buy Target: 1.5393
Buy Stop: 1.5316
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.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 26 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.84%, and has been fluctuating from a high of 1.555 to a low of 1.499.
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 2 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 26 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 18 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 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 48.1%. Bollinger Bands are 16.56% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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 32 white candles versus 18 black candles with a net of 14 white candles.
Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.58%, and has been fluctuating from a high of 121.277 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 121 Period(s) Ago.
The RSI is above 70. This is where it usually tops. 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 8 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 76 period(s) ago.
A SAR Buy signal generated today. If you are short, this might be a good place to exit.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
With strong confirmation from the short term-trend and a current Buy signal. The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 25.7%. Bollinger Bands are 39.90% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy: BUYEuro Dollar / US Dollar
Buy Target: 1.0885
Buy Stop: 1.0780
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black candles.
A inverted hammer has formed. If this occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it implies a reversal. Look for a confirmation of the reversal on the bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is 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 3.09%, and has been fluctuating from a high of 1.122 to a low of 1.083.
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 177 Period(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 25 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 is in an oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 99 period(s) ago.
There were no SAR signals generated today. The last 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the lower Bollinger Band by 9.3%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that Euro Dollar / US Dollar is in to continue. Bollinger Bands are 73.68% wider than normal.
Present wave patterns are:
iFast amplitude (1%): bearish wave 1
iNormal amplitude (3%): bearish wave 3
iSlow amplitude (5%): bearish wave 1
Euro Dollar / US Dollar is long term Bearish as the 144 bars moving average of 1.21 is decreasing. The Relative Strength Index is at 23.00 in the oversold territory. The Relative Momentum Index is at 10.44 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.04, 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.
*** Intra-Daily Trading Strategy: BUYEuro Dollar / US Dollar
Buy Target: 1.0885
Buy Stop: 1.0780
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black candles.
A inverted hammer has formed. If this occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it implies a reversal. Look for a confirmation of the reversal on the bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is 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 3.09%, and has been fluctuating from a high of 1.122 to a low of 1.083.
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 177 Period(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 25 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 is in an oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 99 period(s) ago.
There were no SAR signals generated today. The last 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the lower Bollinger Band by 9.3%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that Euro Dollar / US Dollar is in to continue. Bollinger Bands are 73.68% wider than normal.
Present wave patterns are:
iFast amplitude (1%): bearish wave 1
iNormal amplitude (3%): bearish wave 3
iSlow amplitude (5%): bearish wave 1
Euro Dollar / US Dollar is long term Bearish as the 144 bars moving average of 1.21 is decreasing. The Relative Strength Index is at 23.00 in the oversold territory. The Relative Momentum Index is at 10.44 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.04, 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.
*** Intra-Daily Trading Strategy: BUYBritish Pound / US Dollar
Buy Target: 1.5114
Buy Stop: 1.4993
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black 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, British Pound / US Dollar's price has decreased 1.20%, and has been fluctuating from a high of 1.537 to a low of 1.503.
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 7 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 31 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 last Directional Movement Indicators (DMI) signal was a BUY 23 period(s) ago.
There were no SAR signals generated today. The last 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 1.0%. Bollinger Bands are 21.74% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
British Pound / US Dollar is currently 6.2% below its 200-period moving average and is in an downward 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 bearish on GBPUSD and have had this outlook for the last 1 periods.
VIT Weekly Analysis
Review of US Dollar / Japanese Yen (USDJPY)
as of 13/03/15
Volatility Analysis
On 13/03/15, US Dollar / Japanese Yen closed up 0.5310 at 121.3170
Period StatisticalChange
10-period 15.6000 0.17
21-period 24.5790 -0.57
39-period 22.0914 -0.16
90-period 21.4147 -1.26
Bollinger Bands are 7.11% narrower than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 82.5217. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 12 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 71.53.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 9 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 172.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 12 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 8 period(s) ago.
Trend Analysis
Aroon
An Aroon Buy signal was generated today.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 79 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signal was a Buy 67 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 1 period(s) ago.
Summary
The current market condition for US Dollar / Japanese Yen is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
With strong confirmation from the short term trend and a current Buy signal.
Analysis of activity through 13/03/15
close: 121.3170
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 115.8480. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 115.8480. Be prepared for a potential short term price fall back to the 116.7404 area.
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 16/03/15
Volatility Analysis
On 16/03/15, Euro Dollar / US Dollar closed up 0.0075 at 1.0570
Period StatisticalChange
10-period 16.1417 1.80
21-period 13.6818 0.76
39-period 16.7968 0.25
90-period 13.2851 0.12
Bollinger Bands are 134.49% wider than normal. Euro Dollar / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 20.0886. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 25.85.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 30 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -99. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 17 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 104 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 9 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 12 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 16/03/15
close: 1.0570
The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.1185. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1245. Be prepared for a potential short term price pull back to the 1.0801 area.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 17/03/15
Volatility Analysis
On 17/03/15, British Pound / US Dollar closed down -0.0074 at 1.4750
Period StatisticalChange
10-period 11.4750 -0.26
21-period 10.2569 0.09
39-period 10.3028 0.09
90-period 9.3281 -0.03
Bollinger Bands are 114.48% wider than normal. British Pound / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 17.7795. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 13 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 29.24.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 1 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -113.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 13 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR(MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 60 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 630 period(s) ago.
MACD Trend Signal
There were no MACD Trend signalsgenerated today. The last MACD Trend signalwas a Sell 38 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 11 period(s) ago.
Summary
The current market condition for British Pound / 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 17/03/15
close: 1.4750
The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.5269. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.5416. Be prepared for a potential short term price pull back to the 1.5017 area.