Intra Day Trading - page 3
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EUR/USD DAILYas ofTuesday, 02 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 02/07/2013, 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 02/07/2013, 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.
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 02/07/2013, 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 02/07/2013, 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 BEARISH as it is currently below the signal line. The MACD crossed below the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.52%, and has fluctuate from a high of 1.325 to a low of 1.298.
RSI signal was a Sell 9 period(s) ago andSAR signal was a Sell 8 period(s) ago
Directional Movement Indicators (DMI) trigger a SELL 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 Euro Dollar / US Dollar is Mildly Bullish
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 02/07/2013. This is usually a trade set-up opportunity
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 44.89 in the neutral territory. The Relative Momentum Index is at 43.57 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 14.39. This value is in the oversold territory.
On 02/07/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 23.9%. Bollinger Bands are 18.81% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Euro Dollar / US Dollar appears to be in a trading range bounded by upside resistance and downside support with the upside resistance level for Euro Dollar / US Dollar is around 1.32. A break above this level would be a bullish sign. The downside support level for Euro Dollar / US Dollar is around 1.28 and breaking below this level would be bearish.
*** Intra-Daily Trading Strategy: SELLEURUSD
Sell Target:1.3045
Sell Stop: 1.3079
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 Wednesday, 03 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 03/07/2013, 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 03/07/2013, there are 21 white candles versus 29 black candles with a net of 8 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 10 period(s) ago. Since the MACD crossed the MACD moving average, Gold / US Dollar's price has decreased 7.44%, and has fluctuate from a high of 1,375.990 to a low of 1,191.150
RSI signal was a Buy 2 period(s) ago and currently, the Momentum Oscillator is in an oversold condition.
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 Gold / US Dollar is Very Bearish
Gold / US Dollar closed above the lower Bollinger Band by 23.7%. Bollinger Bands are 154.20% 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 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!
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 03/07/2013. This is usually a trade set-up opportunity
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 1,491.62 is decreasing. The Relative Strength Index is at 33.30 in the neutral territory. The Relative Momentum Index is at 13.08 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -90.78, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 89.44. This value is in the overbought territory.
Elliott Waves High Volatility has detected an Isolated High at 1,267.21one 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!
*** Intra-Daily Trading Strategy: SELLXAUUSD
Sell Target:1,242.3933
Sell Stop: 1,252.9867
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 ofThursday, 04 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 04/07/2013, 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 04/07/2013, 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 with the MACD crossed below the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.99%, and has fluctuate from a high of 1.325 to a low of 1.293. RSI signal was a Sell 11 period(s) ago. Currently, the Momentum Oscillator is in an oversold condition.
Directional Movement Indicators (DMI) signal was a SELL 6 period(s) ago andSAR signal was a Sell 10 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
33 day(s) ago Euro Dollar / US Dollar has broke above the upside resistance level of 1.28. This is a bullish sign with this previous resistance level of 1.28 now providing downside support. Prices have risen some distance since breaking out--1.21%, thereby adding more validity to the breakout.
Euro Dollar / US Dollar closed above the lower Bollinger Band by 17.4%. Bollinger Bands are 31.78% 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 04/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.29one 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 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 41.98 in the neutral territory. The Relative Momentum Index is at 41.85 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 18.65. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUYEURUSD
Buy Target: 1.3013
Buy Stop: 1.2969
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, 08 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 08/07/2013, 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 08/07/2013, 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.
Euro Dollar / US Dollar broke below the up trendline at 1.28, one day ago. This is a bearish sign. This up trendline, currently with an ending point at 1.28, now provide upside resistance. Prices have declined 0.05% since the breakout.
MACD is currently BEARISH as the MACD is currently below the signal line. The MACD crossed below the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.26%, and has fluctuate from a high of 1.325 to a low of 1.281.
RSI signal was a Sell 13 period(s) ago. The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
SAR signal was a Sell 12 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 Euro Dollar / US Dollar is Very Bearish
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 our Elliott Waves High Volatility on 08/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.28one 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%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 33.43 in the neutral territory. The Relative Momentum Index is at 34.71 in the neutral 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 0.00. This value is in the oversold territory.
Euro Dollar / US Dollar closed above the lower Bollinger Band by 6.7%. Bollinger Bands are 65.96% 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 2 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: 1.2835
Buy Stop: 1.2799
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 WEEKLY as of Monday, 08 July, 2013
A Weekly white body has formed (because prices closed higher than they opened).
For the past 10 Weekly candlestick bars as of 08/07/2013, there are 5 white candles versus 5 black candles.
For the past 50 Weekly candlestick bars as of 08/07/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.
A Weekly 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 Weekly 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.
Euro Dollar / US Dollar is in a trading range bounded by upside resistance around 1.49and downside support around 1.21.
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 0.05%, and has fluctuate from a high of 1.307 to a low of 1.281.
The lastStochastic signal was a Sell 27 Period(s) Ago.
Prices has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.
The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
The lastSAR signal was a Sell 1 period(s) ago and the close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
On 08/07/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 14.2%. Bollinger Bands are 61.10% 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 4 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.
An Inside Day Narrow Range was detected by our Elliott Waves High Volatility on 08/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.28one 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%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.32 is decreasing. The Relative Strength Index is at 43.41 in the neutral territory. The Relative Momentum Index is at 48.97 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 13.92. This value is in the oversold territory.
XAGUSD DAILY as of Tuesday, 09 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 09/07/2013, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 09/07/2013, there are 21 white candles versus 29 black candles with a net of 8 black candles.
MACD is currently BULLISH as 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, Silver / US Dollar's price has decreased 0.94%, and has fluctuate from a high of 19.799 to a low of 18.696.
RSI signal was a Buy 7 period(s) ago and SAR signal was a Sell 20 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 Silver / US Dollar is Very Bearish
Silver / US Dollar broke above the down trendline at 19.33 today. This is a bullish sign. This down trendline, currently with an ending point at 19.01, now provide downside support.
On 09/07/2013, Silver / US Dollar current prices are above the lower Bollinger Band by 33.6%. Bollinger Bands are 40.68% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Silver / 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 10 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 Silver / 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%): bearish wave 4
moderate amplitude (13%): bearish wave 1
normal amplitude (21%): bearish wave 3
slow amplitude (34%): bearish wave 5
Silver / US Dollar is long term Bearish as the 144 days moving average of 25.32 is decreasing. The Relative Strength Index is at 38.41 in the neutral territory. The Relative Momentum Index is at 16.85 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -1.57, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 75.70. This value is in the overbought territory.
Technical Outlook
Short Term:Neutral
Intermediate Term:Bearish
Long Term: Bearish
*** Intra-Daily Trading Strategy: BUY XAGUSD
Buy Target: 19.4827
Buy Stop: 18.8293
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 ofWednesday, 10 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 09/07/2013, 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 09/07/2013, there are 27 white candles versus 23 black candles with a net of 4 white candles.
Euro Dollar / US Dollar broke below the downside support level of 1.28 today. This is a bearish sign. This previous support level of 1.28 may now provide upside resistance.
MACD is currently BEARISH as 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, Euro Dollar / US Dollar's price has decreased 2.65%, and has fluctuate from a high of 1.325 to a low of 1.276.
RSI signal was a Sell 14 period(s) ago. The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal and currently, the Momentum Oscillator is in an oversold condition.
Directional Movement Indicators (DMI) signal was a SELL 9 period(s) ago and SAR signal was a Sell 13 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 09/07/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 5.4%. Bollinger Bands are 76.25% 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 3 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.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.30 is decreasing. The Relative Strength Index is at 32.22 in the neutral territory. The Relative Momentum Index is at 32.70 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 7.61. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: SELLEURUSD
Sell Target:1.2721
Sell Stop: 1.2951
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 our 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!!!!!
GBP/USD DAILY as of Thursday, 11 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 11/07/2013, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 11/07/2013, there are 22 white candles versus 27 black candles with a net of 5 black candles.
MACD is currently BEARISHas the MACD is currently below the signal line. The MACD crossed below the signal line 14 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 2.09%, and has fluctuate from a high of 1.552 to a low of 1.481.
SAR signal was a Buy 1 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar broke below the up trendline at 1.51 today. This is a bearish sign. This up trendline, currently with an ending point at 1.51, now provide upside resistance
British Pound / US Dollar closed above the lower Bollinger Band by 31.1%. Bollinger Bands are 108.97% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to British Pound / 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 23 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!
The present wave patterns are:
fast amplitude (8%): bullish wave 2
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.54 is decreasing. The Relative Strength Index is at 44.12 in the neutral territory. The Relative Momentum Index is at 29.19 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 68.64. This value is in the neutral territory.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
*** Intra-Daily Trading Strategy: SELLGBPUSD
Sell Target:1.4998
Sell Stop: 1.5286
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, 15 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 12/07/2013, 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 12/07/2013, there are 26 white candles versus 24 black candles with a net of 2 white candles.
A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or oversold).
MACD is currently BULLISH. The MACD is currently above the signal line. The MACD has just crossed above the signal line.
Directional Movement Indicators () signal was a BUY 2 period(s) ago.
SAR, Stochastic and DMI signal was 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 / US Dollar is Very Bullish
Euro Dollar / US Dollar broke above the upside resistance level of 1.28, two day(s) ago. This is a bullish sign. This previous resistance level of 1.28 may now provide downside support. Prices have risen 0.35% since the breakout
On 12/07/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 49.8%. Bollinger Bands are 47.03% 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 6 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 12/07/2013. This is usually a trade set-up opportunity
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 51.21 in the neutral territory. The Relative Momentum Index is at 43.56 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 94.00. This value is in the overbought territory.
*** Intra-Daily Trading Strategy: SELLEURUSD
Sell Target:1.3011
Sell Stop: 1.3156
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 WEEKLY as of Monday, 15 July, 2013
A Weekly white body has formed (because prices closed higher than they opened).
For the past 10 Weekly candlestick bars as of 12/07/2013, there are 5 white candles versus 5 black candles.
For the past 50 Weekly candlestick bars as of 12/07/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.
A Weekly 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(which appears to be the case with Euro Dollar / US Dollar). It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend, 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 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 increased 1.83%, and has fluctuate from a high of 1.321 to a low of 1.276.
ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
SAR signal was a Sell 1 period(s) ago.
The close is currently
BELOW 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 Sell signal. The current market condition for Euro Dollar / US Dollar is Mildly Bearish
The recent up trendline for Australian Dollar / Japanese Yen has an ending point at 79.12. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
On 12/07/2013, Euro Dollar / US Dollar closed below the upper Bollinger Band by 41.4%. Bollinger Bands are 63.14% 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 4 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow 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.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.32 is decreasing. The Relative Strength Index is at 50.51 in the neutral territory. The Relative Momentum Index is at 51.67 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 28.73. This value is in the oversold territory.