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FOREX ANALYSIS - page 37

AzaForex
158
AzaForex  


If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 32.15
•    The level of profit and close the position: 35.50 (335 pips)

More on web site AzaForex

willyw
160
willyw  

Weekly US Dollar / Japanese Yen-USDJPY As of 18/11/16

 

A big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

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 26 white candles versus 24 black candles with a net of 2 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 12 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 8.84%, and has been fluctuating from a high of 110.922 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 26 Week(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 18 week(s) ago.

 The RSI has just reached its highest value in the last 14 week(s). This is BULLISH signal.

 

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators are showing a BUY signal for US Dollar / Japanese Yen.

 The last Directional Movement Indicators (DMI) signal was a BUY 0 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 3 week(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 above the upper Bollinger Band by 26.7%.  Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that US Dollar / Japanese Yen is in to continue.   Bollinger Bands are 6.54% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


willyw
160
willyw  

Daily US Dollar / Japanese Yen-USDJPY As of 18/11/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 110.0800  

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 8 white candles versus 2 black candles with a net of 6 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 7 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 4.62%, and has been fluctuating from a high of 110.922 to a low of 101.184.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 14 Day(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 Buy 94 day(s) ago.

 The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

 

Currently, the Momentum Oscillator is in an overbought condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 7 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 8 day(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 above the upper Bollinger Band by 3.5%.  This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the Bollinger Bands is likely.   Bollinger Bands are 61.69% wider than normal. 

 


AzaForex
158
AzaForex  

 

If the support level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Sell
•    The level of entry into short position 29.55
•    The level of profit and close the position: 28.65 (90 pips)

More on web site AzaForex

whiteking
401
whiteking  
Gold still on ranging hourly and if using weekly timeframe as based analysis this commodity still having tendencies to bearish term, but trend easy to change and as trader need using margin wisely
willyw
160
willyw  

Euro Dollar / US Dollar-EURUSD As of 21/11/16

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar

Buy Target: 1.0658

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 1 white candles versus 9 black candles with a net of 8 black candles.

The previous 50 candlestick bars, there are 21 white candles versus 29 black candles with a net of 8 black candles.

MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 6 day(s) ago.  Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.02%, and has been fluctuating from a high of  1.092 to a low of  1.057.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The 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 Sell 9 Day(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 18 day(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 is in an oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 5 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 8 day(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 above the lower Bollinger Band by 11.4%.  Bollinger Bands are 84.80% wider than normal. 

 


AzaForex
158
AzaForex  


If the support level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Sell
•    The level of entry into short position 0.9860
•    The level of profit and close the position: 0.9760 (100 pips)

More on web site AzaForex

willyw
160
willyw  

US Dollar / Japanese Yen-USDJPY As of 23/11/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 113.4347

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 big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

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 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 9 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 6.35%, and has been fluctuating from a high of 112.970 to a low of 101.184.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 16 Day(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 Buy 96 day(s) ago.

 The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

 

Currently, the Momentum Oscillator is in an overbought condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 9 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 10 day(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 above the upper Bollinger Band by 3.5%.  This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the Bollinger Bands is likely.   Bollinger Bands are 97.31% wider than normal. 

 


AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 150.80
•    The level of profit and close the position: 155.50 (470 pips)

More on web site AzaForex

Ivan
416
Ivan  
The US dollar rose against the Japanese Yen on Friday. By the end of the Asian session USD/JPY was trading at 113.72, gaining 0.32%. I believe that the support is now located at around 110.23, Tuesday's low, and resistance is likely at the level of 113.73 - the maximum of today's trading.