EUR/USD DAILY as of Wednesday, 01 May, 2013

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5418
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 20 white candles versus 29 black candles with a net of 9 black 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, British Pound / US Dollar’s price has increased 0.86%, and has been fluctuating from a high of 1.551 to a low of 1.520.
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 21 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 31 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
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 BUY 98 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
BELOW 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 Mildly Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 16.2%. Bollinger Bands are 14.04% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5275
Sell Stop: 1.5393
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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 17 white candles versus 32 black candles with a net of 15 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 14 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.02%, and has been fluctuating from a high of 1.551 to a low of 1.520.
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 3 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 36 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 103 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 47.2%. Bollinger Bands are 19.70% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5369
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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 16 white candles versus 34 black candles with a net of 18 black candles.
A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).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 2 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.06%, and has been fluctuating from a high of 1.550 to a low of 1.531.
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 8 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 41 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
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 BUY 108 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 2 day(s) Ago.
The close is currently
BELOW its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
With strong confirmation from the short-term trend and a current Sell signal. The current market condition for British Pound / US Dollar is Mildly Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 34.3%. Bollinger Bands are 50.20% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / 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 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5160
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 18 white candles versus 32 black candles with a net of 14 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.45%, and has been fluctuating from a high of 1.540 to a low of 1.503.
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 13 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 46 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 113 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 9.4%. Bollinger Bands are 10.07% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5252
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 5 black candles with a net of 1 black candles.
The previous 50 candlestick bars, there are 17 white candles versus 32 black candles with a net of 15 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 8 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.05%, and has been fluctuating from a high of 1.540 to a low of 1.503.
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 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 Buy 51 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 118 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 35.1%. Bollinger Bands are 21.43% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5079
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!!!

The previous 10 candlestick bars, there are 4 white candles versus 4 black candles.
The previous 50 candlestick bars, there are 18 white candles versus 30 black candles with a net of 12 black 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.A falling window has formed where the bottom of the previous shadow is above the top of the current shadow. This usually implies a continuation of a bearish trend.The two candles preceding the falling window were black, which makes this pattern even more bearish.A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.31%, and has been fluctuating from a high of 1.519 to a low of 1.508.
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 23 Period(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 56 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 123 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 13 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 13.4%. Bollinger Bands are 20.92% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.0580
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 6 black candles with a net of 3 black candles.
The previous 50 candlestick bars, there are 21 white candles versus 28 black candles with a net of 7 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has decreased 0.24%, and has been fluctuating from a high of 1.064 to a low of 1.056.
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 31 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 8 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 last Directional Movement Indicators (DMI) signal was a SELL 169 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 27 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 13.9%. Bollinger Bands are 25.92% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5123
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 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 19 white candles versus 29 black candles with a net of 10 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, British Pound / US Dollar’s price has decreased 0.34%, and has been fluctuating from a high of 1.519 to a low of 1.503.
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 61 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 128 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 18 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 24.7%. Bollinger Bands are 35.42% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5059
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 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 20 white candles versus 28 black candles with a net of 8 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.79%, and has been fluctuating from a high of 1.519 to a low of 1.490.
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 33 Period(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 66 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 133 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 23 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 14.9%. Bollinger Bands are 34.64% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4984
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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 20 white candles versus 28 black candles with a net of 8 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 4 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.90%, and has been fluctuating from a high of 1.524 to a low of 1.500.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
A Stochastic SELL signal was generated today.
The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.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 71 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
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 BUY 138 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 4 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 27.0%. Bollinger Bands are 41.24% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / 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 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4783

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 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 17 white candles versus 31 black candles with a net of 14 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.70%, and has been fluctuating from a high of 1.500 to a low of 1.480.
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 5 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 76 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.
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 BUY 143 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed below the lower Bollinger Band by 3.4%. 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 22.53% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4766
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 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 17 white candles versus 31 black candles with a net of 14 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 8 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.71%, and has been fluctuating from a high of 1.500 to a low of 1.470.
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 10 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 81 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
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 BUY 148 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 20.4%. Bollinger Bands are 5.40% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4633
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 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 16 white candles versus 32 black candles with a net of 16 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 13 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 1.69%, and has been fluctuating from a high of 1.500 to a low of 1.464.
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 15 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 86 day(s) ago.

Currently the RSI does not show any Failure Swings. The price of British Pound / 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 last Directional Movement Indicators (DMI) signal was a BUY 153 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 13 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 14.7%. Bollinger Bands are 26.89% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4275
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 bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 14 white candles versus 34 black candles with a net of 20 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 23 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 5.28%, and has been fluctuating from a high of 1.500 to a low of 1.413.
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 25 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 6 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a BUY 163 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 23 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed below the lower Bollinger Band by 3.2%. 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 64.87% wider than normal.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4527
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 15 white candles versus 35 black candles with a net of 20 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 10 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.86%, and has been fluctuating from a high of 1.467 to a low of 1.415.
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 1 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 10 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar 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 2 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 day(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for British Pound / US Dollar is Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 28.0%. Bollinger Bands are 4.89% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4215
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 big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
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 16 white candles versus 34 black candles with a net of 18 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 15 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.28%, and has been fluctuating from a high of 1.467 to a low of 1.415.
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 6 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 15 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar 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 7 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 32.2%. Bollinger Bands are 7.02% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4105
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 bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
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 16 white candles versus 34 black candles with a net of 18 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 1.00%, and has been fluctuating from a high of 1.429 to a low of 1.401.
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 11 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 20 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 12 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 11 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed below the lower Bollinger Band by 15.3%. Bollinger Bands are 12.24% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

[martinkay]

Analysis of activity through 01/03/16
close: 1.3961

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits. Be prepared for a potential short term price pull back to the 1.4141 area.

British Pound / US Dollar (GBPUSD)
as of 01/03/16

Volatility Analysis
On 01/03/16, British Pound / US Dollar closed up 0.0035 at 1.3961

Period Statistical Change
10-period 13.7779 -0.38
21-period 12.8335 -1.20
39-period 12.5085 0.04
90-period 11.1751 0.02

Bollinger Bands are 87.92% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 23.5782. This is not an overbought or oversold reading. The last signal was a buy 0 day(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 35.72.This is not a topping or bottoming area. The last signal was a buy 1 day(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -81. This is not a topping or bottoming area.The last signal was a buy 0 day(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 9 day(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 6 day(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 17 day(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 6 day(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 16 day(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4159
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 21 white candles versus 29 black candles with a net of 8 black 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, British Pound / US Dollar’s price has decreased 0.18%, and has been fluctuating from a high of 1.428 to a low of 1.411.
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 21 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 6 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar 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 22 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 3 day(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for British Pound / US Dollar is Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 49.6%. Bollinger Bands are 56.96% wider than normal.

[michaellobry]

I appreciate the effort. Please consider moving the thread to gbp/usd. More interested people will read your posts that way.