EUR/USD DAILY as of Wednesday, 01 May, 2013 - Page 3
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  1. #21
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    Default AUD/USD DAILY as of Friday, 15 November, 2013

    *** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar
    Buy Target: 0.9324
    Buy Stop: 0.9297
    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 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 23 black candles with a net of 4 white candles.
    MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 14 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 2.35%, and has been fluctuating from a high of 0.962 to a low of 0.927. The MACD is currently not in an Overbought/Oversold range.
    Stochastic Oscillator is currently below 20 which is an indication of an "oversold" condition.
    The last Directional Movement Indicators (DMI) signal was a SELL 6 period(s) ago.
    SAR signal was a Sell 15 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 closed above the lower Bollinger Band by 14.8%. Bollinger Bands are 11.57% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 15/11/13. This is usually a trade set-up opportunity.
    Elliott Waves High Volatility has detected an Isolated High at 0.94 one bar ago; this is usually a bearish sign that is not to be used alone!
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    The present wave patterns are:
    fast amplitude (8%): bearish wave 4
    moderate amplitude (13%): bearish wave 1
    Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 38.91 in the neutral territory. The Relative Momentum Index is at 37.65 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 31.76. This value is in the neutral territory.
    Overall, the bias in prices is: Downwards.
    Short term: Prices are stalling.
    Intermediate term: Prices are ranging.
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  2. #22
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    Default EUR/GBP DAILY as of Wednesday, 20 November, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / British Pound
    Sell Target: 0.8396
    Sell Stop: 0.8418
    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 21 black candles with a net of 6 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.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 BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 13 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has decreased 0.68%, and has been fluctuating from a high of 0.856 to a low of 0.831. The MACD is currently not in any Overbought/Oversold range.
    The ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    SAR signal was a Buy 5 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 / British Pound is Very Bearish
    Euro Dollar / British Pound closed above the lower Bollinger Band by 37.9%. Bollinger Bands are 36.81% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 20/11/13. This is usually a trade set-up opportunity
    Elliott Waves High Volatility has detected an Isolated High at 0.84 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    Euro Dollar / British Pound is long term Bearish as the 144 days moving average of 0.85 is decreasing. The Relative Strength Index is at 46.40 in the neutral territory. The Relative Momentum Index is at 36.62 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 72.72. This value is in the overbought territory.

    Technical Outlook
    Short Term: Neutral
    Intermediate Term: Bearish
    Long Term: Bearish
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  3. #23
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    Default EUR/USD DAILY as of Thursday, 21 November, 2013

    *** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
    Buy Target: 1.3437
    Buy Stop: 1.3416
    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 6 white candles versus 4 black candles with a net of 2 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 crossed below the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.11%, and has been fluctuating from a high of 1.374 to a low of 1.330. The MACD is currently not in an Overbought/Oversold range.
    Stochastic was a Buy 6 Period(s) Ago.
    SAR was a Buy 3 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
    Euro Dollar / US Dollar closed above the lower Bollinger Band by 30.0%. Bollinger Bands are 19.48% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    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 21/11/13. This is usually a trade set-up opportunity and for example as the trend is bullish, place a buy-stop at one tick above 1.36 and a sell-stop at one tick below 1.34.
    Elliott Waves High Volatility has detected an Isolated Low at 1.34 one 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 1.33 is increasing. The Relative Strength Index is at 42.89 in the neutral territory. The Relative Momentum Index is at 45.99 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 64.34. This value is in the neutral territory.
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  4. #24
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    Default EUR/USD DAILY as of Wednesday, 27 November, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3558
    Sell Stop: 1.3580
    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 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 BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.06%, and has been fluctuating from a high of 1.357 to a low of 1.346. The MACD is currently not in an Overbought or Oversold range.
    Stochastic Oscillator is currently above 80 which is an overbought indication. Stochastic was a Buy 10 Period(s) Ago.
    RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
    SAR 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 17.7%. Bollinger Bands are 44.92% 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 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.34. Expect prices to have some difficulty falling below this trendline. A break below this would be a bearish sign.
    Overall, the bias in prices is: Sideways.
    Short term: Prices are stalling.
    Intermediate term: Prices are ranging.
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  5. #25
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    Default EUR/GBP DAILY as of Thursday, 28 November, 2013


    *** Intra-Daily Trading Strategy: BUY Euro Dollar / British Pound
    Buy Target: 0.8334
    Buy Stop: 0.8315
    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 5 black candles with a net of 1 black candles.
    The previous 50 candlestick bars, there are 24 white candles versus 23 black candles with a net of 1 white candles.
    MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has decreased 1.59%, and has been fluctuating from a high of 0.856 to a low of 0.831.The MACD is currently not in any Overbought or Oversold range.
    The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. SAR signal was a Sell 5 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
    With strong confirmation from the short-term trend and a current Sell signal. The current market condition for Euro Dollar / British Pound is Very Bearish
    Euro Dollar / British Pound closed above the lower Bollinger Band by 18.4%. Bollinger Bands are 18.46% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    Euro Dollar / British Pound broke below the downside support level of 0.83, 1 day(s) ago. This is a bearish sign. This previous support level of 0.83 now provide upside resistance. Prices having only declined 0.10% since the breakout.
    Euro Dollar / British Pound is long term Bearish as the 144 days moving average of 0.85 is decreasing. The Relative Strength Index is at 39.49 in the neutral territory. The Relative Momentum Index is at 31.29 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 41.87. This value is in the neutral territory.
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  6. #26
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    Default GBP/USD DAILY as of Wednesday, 04 December, 2013

    *** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
    Sell Target: 1.6381
    Sell Stop: 1.6406
    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 31 white candles versus 19 black candles with a net of 12 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 crossed above the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.71%, and has been fluctuating from a high of 1.644 to a low of 1.606. The MACD is currently not in an Overbought/Oversold range.
    Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal and the Momentum Oscillator is in an overbought condition.
    Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    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 British Pound / US Dollar is Very Bullish
    British Pound / US Dollar closed below the upper Bollinger Band by 11.2%. Bollinger Bands are 4.20% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    British Pound / US Dollar broke above the down trendline at 1.63, 5 day(s) ago. This is a bullish sign. This down trendline, currently with an ending point at 1.62, now provide downside support. Prices having only risen 0.68% since the breakout.
    Overall, the bias in prices is: Upwards.
    Short term: Prices are moving.
    Intermediate term: Prices are ranging.
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  7. #27
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    Default EUR/USD DAILY as of Thursday, 05 December, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3581
    Sell Stop: 1.3596
    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 5 white candles versus 5 black candles.
    The previous 50 candlestick bars, there are 31 white candles versus 19 black candles with a net of 12 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 crossed above the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.362 to a low of 1.346. The MACD is currently not in an Overbought/Oversold range.
    With Stochastic Oscillator currently above 80 which is an indication of an "overbought" condition.
    The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    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 24.9%. Bollinger Bands are 34.55% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    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 05/12/13. This is usually a trade set-up opportunity.
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.
    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 1.34 is increasing. The Relative Strength Index is at 53.73 in the neutral territory. The Relative Momentum Index is at 57.16 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 76.60. This value is in the overbought territory.

    Euro Dollar / US Dollar broke above the upside resistance level of 1.34, 18 day(s) ago. This is a bullish sign. This previous resistance level of 1.34 now provide downside support and prices having only risen 1.30% 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.
    Overall, the bias in prices is: Sideways.
    Short term: Prices are stalling.
    Intermediate term: Prices are ranging.
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  8. #28
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    Default EUR/USD DAILY as of Thursday, 12 December, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3779
    Sell Stop: 1.3812
    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 7 white candles versus 3 black candles with a net of 4 white candles.
    The previous 50 candlestick bars, there are 32 white candles versus 18 black candles with a net of 14 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 14 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.75%, and has been fluctuating from a high of 1.381 to a low of 1.346.
    Stochastic Oscillator is currently above 80. This is an "overbought" condition.
    The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
    Currently, the Momentum Oscillator is in an overbought condition.
    Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    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 3.7%. Bollinger Bands are 0.27% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    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 12/12/13. This is usually a trade set-up opportunity.
    Elliott Waves High Volatility has detected an Isolated High at 1.38 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    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 1.34 is increasing. The Relative Strength Index is at 67.67 in the neutral territory. The Relative Momentum Index is at 73.59 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 100.00. This value is in the overbought territory.

    Overall, the bias in prices is: Upwards.
    Short term: Prices are moving.
    Intermediate term: Prices are ranging.
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  9. #29
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    Default EUR/USD DAILY as of Wednesday, 18 December, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3765
    Sell Stop: 1.3779
    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 32 white candles versus 18 black candles with a net of 14 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.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 18 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.58%, and has been fluctuating from a high of 1.381 to a low of 1.346. MACD is currently not Overbought or /Oversold.
    Stochastic Oscillator is currently above 80 which is "overbought".
    Directional Movement Indicators (DMI) currently is not indicating any specific price direction.
    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 20.0%. Bollinger Bands are 3.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    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 18/12/13. This is usually a trade set-up opportunity.
    Elliott Waves High Volatility has detected an Isolated Low at 1.37 one 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 1.34 is increasing. The Relative Strength Index is at 64.18 in the neutral territory. The Relative Momentum Index is at 73.30 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 62.51. This value is in the neutral territory.
    Euro Dollar / US Dollar is currently 3.8% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 11 periods.
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  10. #30
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    Default EUR/USD DAILY as of Thursday, 19 December, 2013

    *** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
    Buy Target: 1.3685
    Buy Stop: 1.3623
    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 6 white candles versus 4 black candles with a net of 2 white candles.
    The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
    MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 0 period(s) ago. 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 1.369 to a low of 1.365.
    Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    SAR signal was a Sell 1 period(s) ago.
    The close is currently
    ABOVE its 200 daily moving average
    ABOVE its 50 daily moving average
    BELOW its 20 daily moving average
    The current market condition for Euro Dollar / US Dollar is Bullish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 49.7%. Bollinger Bands are 15.73% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    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 an Isolated High at 1.38 one bar ago; this is usually a bearish 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 1.34 is increasing. The Relative Strength Index is at 51.29 in the neutral territory. The Relative Momentum Index is at 66.01 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 19.13. This value is in the oversold territory.
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