Intra Day Trading - page 4
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EUR/JPY DAILY as of Tuesday, 16 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 16/07/2013, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 16/07/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
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.
MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen's price has increased 0.98%, and has fluctuate from a high of 131.112 to a low of 128.158.
The ADX is currently below both Plus and Minus Directional indicators. 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.
SAR signal was a Buy 11 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 / Japanese Yen is Very Bullish
Euro Dollar / Japanese Yen closed below the upper Bollinger Band by 19.5%. Bollinger Bands are 49.07% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 2 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!
An Inside Day Narrow Range was detected by Elliott Waves High Volatility on 16/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated High at 130.70one 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 1
moderate amplitude (13%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 124.22 is increasing. The Relative Strength Index is at 55.43 in the neutral territory. The Relative Momentum Index is at 57.67 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.89, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 60.46. This value is in the neutral territory.
*** Intra-Daily Trading Strategy: SELLEURJPY
Sell Target:130.2630
Sell Stop: 130.8080
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, 18 July, 2013
*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar
Sell Target:1.3082
Sell Stop: 1.3211
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to our trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.39%, and has been fluctuating from a high of 1.317 to a low of 1.300.
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 Buy 5 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 20 period(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a BUY 5 period(s) ago.
There were no SAR signals generated today. The lastSAR signal was a Buy 5 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
The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.28. 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 / US Dollar closed below the upper Bollinger Band by 30.8%. Bollinger Bands are 3.37% 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.
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 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 53.61 in the neutral territory. The Relative Momentum Index is at 53.38 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 92.75. This value is in the overbought territory.
EUR/USD DAILYas ofMonday, 22 July, 2013
*** Intra-Daily Trading Strategy: BUYEuro Dollar / US Dollar
Buy Target: 1.3165
Buy Stop: 1.3061
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to our 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.
A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.54%, and has been fluctuating from a high of 1.317 to a low of 1.300.
The Stochastic Oscillatoris currently above 80 indicating "overbought" condition. The last Stochastic signal was a Buy 7 Period(s) Ago.
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 7 period(s) ago.
The lastSAR 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 23.5%. Bollinger Bands are 3.25% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
EUR/USD WEEKLY as of Monday, 22 July, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.38%, and has been fluctuating from a high of 1.321 to a low of 1.276.
The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.
The last SAR signal was a Sell 2 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
The current market condition for Euro Dollar / US Dollar is Mildly Bearish
Euro Dollar / US Dollar appears is in a trading range bounded by upside resistance Dollar is around 1.49and downside support is around 1.21.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 28.7%. Bollinger Bands are 62.33% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 5 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
GBP/USD DAILY as of Tuesday, 23 July, 2013
*** Intra-Daily Trading Strategy: SELLBritish Pound / Euro Dollar
Sell Target:1.1636
Sell Stop: 1.1655
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to our trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 25 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 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / Euro Dollar's price has increased 0.24%, and has been fluctuating from a high of 1.165 to a low of 1.159.
The DMI BUY reference point was crossed. If you are still buying, this might be a good place to stop out and prevent losses.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. This is a trend following system, should not initiate any trades right now.
The lastSAR signal was a Buy 2 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 / Euro Dollar is Bearish
British Pound / Euro Dollar broke below the downside support level of 1.17, 12 day(s) ago. This is a bearish sign. This previous support level of 1.17 may now provide upside resistance. Prices having only declined 0.32% since the breakout, the validity of the breakout is questionable.
British Pound / Euro Dollar closed below the upper Bollinger Band by 45.0%. Bollinger Bands are 19.64% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
EUR/USD DAILY as of Thursday, 25 July, 2013
Euro Dollar / US Dollar broke above the upside resistance level of 1.28, 11 day(s) ago. This is a bullish sign and 3 day(s) ago
Euro Dollar / US Dollar broke above the upside resistance level of 1.32,. This is a bullish sign. This previous resistance level of 1.32 now provide downside support. Prices having only risen 0.11% since the breakout, The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level would be a bearish sign.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.
A spinning top occurred (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.
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
EUR/USD DAILYas ofMonday, 29 July, 2013
*** Intra-Daily Trading Strategy: SELLEuro Dollar / US Dollar
Sell Target:1.3255
Sell Stop: 1.3317
Enter New SELL on OPEN and exit SELL 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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
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 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.61%, and has been fluctuating from a high of 1.329 to a low of 1.300.
The Stochastic Oscillatoris currently above 80. This is an indication of the security being in an "overbought" condition
The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.
The last Directional Movement Indicators (DMI) and SAR signal was a BUY 12 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 1.32, 4 day(s) ago. This is a bullish sign. This previous resistance level of 1.32 now provide downside support. Prices having only risen 0.64% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 12.4%. Bollinger Bands are 26.09% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
EUR/USD WEEKLY as of Monday, 29 July, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 21 black candles with a net of 7 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 BULLISH as the MACD is above the signal line.
The MACD crossedabove the signal line during last week. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.329 to a low of 1.315.
The ADX is currently below both Plus and Minus Directional indicators, should not initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, should not initiate any trades right now.
SAR signal was a Sell 3 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
The current market condition for Euro Dollar / US Dollar is Mildly Bearish
Euro Dollar / US Dollar is in a trading range bounded by upside resistance around 1.49and downside support1.21. Euro Dollar / US Dollar closed below the upper Bollinger Band by 7.3%. Bollinger Bands are 59.05% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 6 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
USD/JPY DAILY as of Tuesday, 30 July, 2013
*** Intra-Daily Trading Strategy: BUYUS Dollar / Japanese Yen
Buy Target: 98.2700
Buy Stop: 97.6780
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.20%, and has been fluctuating from a high of 100.366 to a low of 97.630.
The Stochastic Oscillatoris currently below 20. This is an indication of the security being in an "oversold" condition.
The ADX is currently below both Plus and Minus Directional indicators and should not initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
There were no SAR signals generated today. The last 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 US Dollar / Japanese Yen is Mildly Bullish
The most recently confirmed down trendline for US Dollar / Japanese Yen has an ending point currently at 100.29. Expect prices to have some difficulty rising above this trendline. A break above this trendline would be a bullish sign.
The most recently confirmed up trendline for US Dollar / Japanese Yen has an ending point currently at 94.57. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
US Dollar / Japanese Yen closed above the lower Bollinger Band by 9.2%. Bollinger Bands are 29.36% 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: BUYAustralian Dollar / US Dollar
Buy Target: 0.8970
Buy Stop: 0.8889
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 22 white candles versus 28 black candles with a net of 6 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossedbelow the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 0.27%, and has been fluctuating from a high of 0.906 to a low of 0.892.
The Stochastic Oscillatoris currently below 20. This is an indication of the security being in an "oversold" condition
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
The last Directional Movement Indicators (DMI) signal was a SELL 6 period(s) ago.
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 Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar broke below the downside support level of 0.91, 1 day(s) ago. This is a bearish sign. This previous support level of 0.91 now provide upside resistance. Prices having only declined 0.27% since the breakout.
Australian Dollar / US Dollar closed below the lower Bollinger Band by 4.4%. 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 Australian Dollar / US Dollar is in to continue. Bollinger Bands are 17.50% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.