EUR/USD DAILY as of Wednesday, 01 May, 2013
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  1. #1
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    Default EUR/USD DAILY as of Wednesday, 01 May, 2013

    Yesterday EUR/USD close with a Daily white body has formed. For the past 10 Daily candlestick bars there are 5 white candles and 5 black candles.
    For the past 50 Daily candlestick bars there are 25 white candles and 25 black candles.
    Three Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    A SAR Buy signal generated yesterday. If you are short, this might be a good place to exit.
    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
    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.
    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 1.30 is increasing. The Relative Strength Index is at 60.09 in the neutral territory. The Relative Momentum Index is at 53.66 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 58.97. This value is in the neutral territory.
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  2. #2
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    Default EUR/USD DAILY as of Monday, 05 August, 2013

    *** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
    Buy Target: 1.3286
    Buy Stop: 1.3251
    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 27 white candles versus 23 black candles with a net of 4 white candles.
    MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 16 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.59%, and has been fluctuating from a high of 1.333 to a low of 1.300.
    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 would be a bearish sign.
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 27.5%. Bollinger Bands are 7.14% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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  3. #3
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    Default EUR/USD DAILY as of Monday, 26 August, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3375
    Sell Stop: 1.3397
    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 24 white candles versus 26 black candles with a net of 2 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 BEARISH as the MACD is below the signal line.
    The MACD crossed below the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.25%, and has been fluctuating from a high of 1.341 to a low of 1.330.
    SAR signal was a Buy 4 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 19.2%. Bollinger Bands are 52.93% 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 8 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Overall, the bias in prices is: Upwards.
    Short term: Prices are stalling.
    Intermediate term: Prices are ranging.
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  4. #4
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    Default EUR/USD WEEKLY as of Monday, 02 September, 2013

    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 24 black candles with a net of 1 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 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.57%, and has been fluctuating from a high of 1.345 to a low of 1.315.
    A Stochastic SELL signal was generated today.
    The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.A Stochastic Bearish divergence signal was generated today.
    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.
    T SAR signal was a Buy 5 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 broke below the up trendline at 1.32 level today. This is a bearish sign. This up trendline, currently with an ending point at 1.32, now provide upside resistance. Euro Dollar / US Dollar closed below the upper Bollinger Band by 39.5%. Bollinger Bands are 50.50% 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 12 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Technical Outlook
    Short Term: Neutral
    Intermediate Term: Bullish
    Long Term: Bearish
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  5. #5
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    Default EUR/USD WEEKLY as of Monday, 09 September, 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 26 white candles versus 23 black candles with a net of 3 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 7 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.79%, and has been fluctuating from a high of 1.345 to a low of 1.310.
    Stochastic signal was a Sell 1 Period(s) Ago.
    The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
    SAR signal was a Buy 6 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 closed below the upper Bollinger Band by 44.8%. Bollinger Bands are 50.97% 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 13 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Overall, the bias in prices is: Sideways.
    Short term: Prices are stalling.
    Intermediate term: Prices are ranging.
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  6. #6
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    Default EUR/USD WEEKLY as of Monday, 16 September, 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 26 white candles versus 23 black candles with a net of 3 white candles.
    MACD is BULLISH as the MACD is above the signal line.
    The MACD crossed above the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.66%, and has been fluctuating from a high of 1.345 to a low of 1.310.
    Stochastic was a Sell 2 Period(s) Ago.
    The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
    SAR signal was a Buy 7 period(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 Euro Dollar / US Dollar is Very Bullish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 19.8%. Bollinger Bands are 47.84% 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 14 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Technical Outlook
    Short Term: Neutral
    Intermediate Term: Bullish
    Long Term: Bullish
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  7. #7
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    Default EUR/USD WEEKLY as of Monday, 23 September, 2013

    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 26 white candles versus 23 black candles with a net of 3 white candles.
    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 1.86%, and has been fluctuating from a high of 1.357 to a low of 1.310.
    The Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. Stochastic was a Sell 3 Period(s) Ago.
    The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
    The ADX is currently below both Plus and Minus Directional indicators. 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 Buy 8 period(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 Euro Dollar / US Dollar is Very Bullish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 7.4%. Bollinger Bands are 40.54% 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 15 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Overall, the bias in prices is: Upwards.
    Short term: Prices are moving.
    Intermediate term: Prices are ranging.
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  8. #8
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    Default EUR/USD WEEKLY as of Monday, 30 September, 2013

    A white body has formed as prices closed higher than open.
    The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
    The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 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 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.68%, and has been fluctuating from a high of 1.357 to a low of 1.310.
    The Stochastic Oscillator is currently above 80, an indication of the being "overbought". Stochastic signal was a Sell 4 Period(s) Ago.
    The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
    SAR signal was a Buy 9 period(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 Euro Dollar / US Dollar is Very Bullish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 13.4%. Bollinger Bands are 42.67% 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 16 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    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 Elliott Waves High Volatility on 30/09/13. This is usually a trade set-up opportunity.
    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
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  9. #9
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    Default EUR/USD DAILY as of Tuesday, 01 October, 2013

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3517
    Sell Stop: 1.3534
    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 26 white candles versus 24 black candles with a net of 2 white candles.
    A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.
    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, Euro Dollar / US Dollar's price has increased 1.72%, and has been fluctuating from a high of 1.357 to a low of 1.325.
    The Stochastic Oscillator is currently above 80 which is "overbought". The last signal was a Buy 16 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 25.2%. Bollinger Bands are 27.32% 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 01/10/13. This is usually a trade set-up opportunity.
    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
    normal amplitude (21%): is undefined!
    slow amplitude (34%): is undefined!
    Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.32 is increasing. The Relative Strength Index is at 64.20 in the neutral territory. The Relative Momentum Index is at 72.74 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 36.14. This value is in the neutral territory.
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  10. #10
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    Default EUR/USD WEEKLY as of Monday, 07 October, 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. A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar. MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.16%, and has been fluctuating from a high of 1.364 to a low of 1.310.
    The Stochastic Oscillator is currently above 80 indicating an "overbought" condition. Stochastic signal was a Sell 5 Period(s) ago. 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.
    The ADX is currently below both Plus and Minus Directional indicators and the Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
    SAR signal was a Buy 10 period(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 Euro Dollar / US Dollar is Very Bullish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 10.5%. Bollinger Bands are 41.14% 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 17 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    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 07/10/13. This is usually a trade set-up opportunity.
    Elliott Waves High Volatility has detected an Isolated High at 1.36 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 1.33 is increasing. The Relative Strength Index is at 62.40 in the neutral territory. The Relative Momentum Index is at 69.39 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 99.86. This value is in the overbought territory.
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