Euro Dollar / US Dollar-EURUSD As
Intra-Daily Trading Strategy: BUY
Euro Dollar / US Dollar
New BUY on OPEN and exit BUY
positions at Target price or at Stop price.
Stop Loss Price according to your trading risk.)
not reverse after exiting. This is a recommendation for INTRA-DAY
A white body has
formed as prices closed higher than open.
The previous 10 candlestick bars, there are 4 white candles
versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 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 crossed below
the signal line 9 day(s) ago. Since the MACD
crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.77%,
and has been fluctuating from a high of
1.124 to a low of 1.096.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5
Stochastic Oscillator is 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 Buy 18 Day(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 Sell176 day(s)
Currently the RSI does not show any Failure Swings. The RSI
and price of Euro Dollar / US Dollar are not diverging.
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 SELL 108 day(s) ago.
There were no SAR signals
generated today. The last SAR signal was a Sell 18 day(s) ago.
The close is
The current market condition for Euro Dollar /
US Dollar is Very Bearish
Euro Dollar / US
Dollar closed above the lower Bollinger Band by
7.9%. Bollinger Bands are
narrower than normal. The current width
of the Bollinger Bands (alone) does not
suggest anything conclusive about the future volatility or movement of prices.