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FOREX ANALYSIS - page 42

willyw
160
willyw  

Weekly US Dollar / Japanese Yen-USDJPY As of 16/12/16

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 28 white candles versus 22 black candles with a net of 6 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 crossed above the signal line 16 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 15.82%, and has been fluctuating from a high of 118.659 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 30 Week(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 22 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 is in an overbought condition.

 

 The last Directional Movement Indicators (DMI) signal was a BUY 4 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 7 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 8.6%.  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 101.23% wider than normal. 

 


willyw
160
willyw  

Daily US Dollar / Japanese Yen-USDJPY As of 16/12/16

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

Sell Target: 117.4310  

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 black body has formed as prices closed lower 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 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 2 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.61%, and has been fluctuating from a high of 118.659 to a low of 114.771.

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 33 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 Sell 14 day(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 is in an overbought condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 26 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 5 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 below the upper Bollinger Band by 2.3%.  Bollinger Bands are 33.84% wider than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


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: 0.9700
•    The level of profit and close the position: 0.9600 (100 pips)

More on web site AzaForex


whiteking
466
whiteking  
I am trrying on audusd today, my position is sell on this pair since yesterday because simple reason on weekly this pair has tendencies to bearish pattern and I hope still continue to bearish lon this week
willyw
160
willyw  

Euro Dollar / US Dollar-EURUSD As of 19/12/16

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

Buy Target: 1.0457

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 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears. 

If the engulfing bearish pattern occurs during a downtrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 2 day(s) ago.  Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.15%, and has been fluctuating from a high of  1.052 to a low of  1.037.

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 28 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 Buy 16 day(s) ago.

 

Currently the RSI does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

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 SELL 24 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 6 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 below the lower Bollinger Band by 0.1%.  This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.  Bollinger Bands are 7.60% wider than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


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: 1.0365
•    The level of profit and close the position: 1.0265 (100 pips)

More on web site AzaForex


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: 61.00
•    The level of profit and close the position: 64.00 (300 pips)

More on web site AzaForex


willyw
160
willyw  

US Dollar / Japanese Yen-USDJPY As of 21/12/16

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

Sell Target: 117.1177  

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 black body has formed as prices closed lower 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 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 5 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.37%, and has been fluctuating from a high of 118.659 to a low of 114.771.

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

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

 No Stochastic Buy or Sell signals generated today. The last signal was a Sell 36 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 Sell 17 day(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 29 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 below the upper Bollinger Band by 16.1%.  Bollinger Bands are 27.48% wider than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


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: 1.7180
•    The level of profit and close the position: 1.7380 (200 pips)

More on web site AzaForex


Ivan
416
Ivan  
USD/JPY erased positions yesterday, which devalued the dollar by 29 pips to 117.54. Trading took place within the extreme values at 118.06 and 117.10. The price continues to consolidate above the low averages and RSI retreated moderately. The current range implies a likely bullish continuation, but a breakthrough of 116.15 will contribute to negative attitudes.