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

martinkay · March 1, 2016, 10:00pm

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 · March 8, 2016, 10:47pm

*** 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 · March 9, 2016, 7:04am

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

martinkay · March 15, 2016, 12:51am

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1065
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 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, Euro Dollar / US Dollar’s price has decreased 0.66%, and has been fluctuating from a high of 1.122 to a low of 1.082.
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 63 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 Sell 21 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 51 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
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 29.5%. Bollinger Bands are 20.13% 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 · March 15, 2016, 1:23am

*** Intra-Daily Trading Strategy: SELL Euro Dollar / Japanese Yen
Sell Target: 125.9050
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.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen’s price has increased 0.98%, and has been fluctuating from a high of 127.284 to a low of 123.055.
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 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 9 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a BUY 31 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 7 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 Euro Dollar / Japanese Yen is Bearish
Euro Dollar / Japanese Yen closed below the upper Bollinger Band by 22.0%. Bollinger Bands are 2.79% 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 · March 15, 2016, 10:19pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4102
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 3 black candles with a net of 3 white candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.51%, and has been fluctuating from a high of 1.444 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.
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 11 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 BUY 3 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
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 upper Bollinger Band by 49.6%. Bollinger Bands are 21.23% 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 · March 15, 2016, 10:36pm

*** Intra-Daily Trading Strategy: SELL Euro Dollar / Japanese Yen
Sell Target: 124.9017
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.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen’s price has increased 0.37%, and has been fluctuating from a high of 127.284 to a low of 123.055.
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 29 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 Euro Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a BUY 32 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
BELOW its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / Japanese Yen is Bearish
Euro Dollar / Japanese Yen closed below the upper Bollinger Band by 33.9%. Bollinger Bands are 9.24% 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 · March 22, 2016, 11:26pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4144
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 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 25 black candles with a net of 1 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 12 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.03%, and has been fluctuating from a high of 1.451 to a low of 1.405.
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 16 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 last Directional Movement Indicators (DMI) signal was a BUY 3 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
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 upper Bollinger Band by 44.3%. Bollinger Bands are 33.51% 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 · March 29, 2016, 10:07pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4252
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 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 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has been unchanged, and has been fluctuating from a high of 1.440 to a low of 1.419.
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 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 21 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 8 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 4 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 20.3%. Bollinger Bands are 13.54% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

martinkay · April 5, 2016, 10:35pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4090
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has been unchanged, and has been fluctuating from a high of 1.428 to a low of 1.412.
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 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 26 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 DMI BUY reference point was crossed. If you are still buying, this might be a good place to stop out and prevent losses.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 13 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 22.5%. Bollinger Bands are 13.63% 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 · April 13, 2016, 12:05am

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4188
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 25 black candles with a net of 1 black 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.76%, and has been fluctuating from a high of 1.435 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.
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 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 18 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 4 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 47.5%. Bollinger Bands are 4.69% 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 · April 19, 2016, 11:28pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4305
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!!!

Chaos Trading System
BUY signal generated today. ENTER BUY and exit sell at market price on the next Daily open.
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 25 white candles versus 24 black candles with a net of 1 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 1 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.64%, and has been fluctuating from a high of 1.442 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.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 20 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.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

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 23 day(s) ago.
A SAR Buy signal generated today. If you are short, this might be a good place to exit.
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 8.4%. Bollinger Bands are 21.06% 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 · April 26, 2016, 11:54pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4493
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 26 white candles versus 23 black candles with a net of 3 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 6 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 1.97%, and has been fluctuating from a high of 1.464 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 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 2 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.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

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 28 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 5 day(s) Ago.
The close is currently
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 above the upper Bollinger Band by 8.2%. Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that British Pound / US Dollar is in to continue. Bollinger Bands are 2.58% 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 · May 3, 2016, 10:16pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4462
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 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 engulfing bearish line has formed where a black candle’s real body completely contains the previous white candle’s real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with British Pound / US Dollar). It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle’s real body.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 11 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 1.79%, and has been fluctuating from a high of 1.477 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 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 7 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 33 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 10 day(s) Ago.
The close is currently
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 23.8%. Bollinger Bands are 45.26% wider than normal.

martinkay · May 11, 2016, 12:00am

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4487
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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 25 black candles with a net of 1 black candles.
A engulfing bullish line has formed where a white candle’s real body completely contains the previous black candle’s real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with British Pound / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 2 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.18%, and has been fluctuating from a high of 1.454 to a low of 1.437.
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 4 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 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 38 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
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 46.7%. Bollinger Bands are 11.43% 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 · May 18, 2016, 12:00am

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4417
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.19%, and has been fluctuating from a high of 1.454 to a low of 1.433.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an “oversold” condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 9 Day(s) Ago.
The RSI is 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 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 43 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
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 above the lower Bollinger Band by 42.9%. Bollinger Bands are 30.59% 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 · May 24, 2016, 11:43pm

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4673
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!

A big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.
A engulfing bullish line has formed where a white candle’s real body completely contains the previous black candle’s real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with British Pound / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has been unchanged, and has been fluctuating from a high of 1.464 to a low of 1.448.
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 14 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 price of British Pound / US Dollar has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.
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 48 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
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 19.1%. Bollinger Bands are 38.39% 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 · May 31, 2016, 11:42pm

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.4388
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 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 engulfing bearish line has formed where a black candle’s real body completely contains the previous white candle’s real body. The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which is the case with British Pound / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle’s real body.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has been unchanged, and has been fluctuating from a high of 1.472 to a low of 1.446.
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 66 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 53 day(s) ago.
A SAR Sell signal generated today. If you are long, this might be a good place to exit.
The close is currently
BELOW its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 40.6%. Bollinger Bands are 30.21% 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 · June 7, 2016, 11:25pm

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4647
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 5 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.42%, and has been fluctuating from a high of 1.472 to a low of 1.436.
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 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 58 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 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 43.7%. Bollinger Bands are 29.89% 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 · June 14, 2016, 11:21pm

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.4192
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 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 10 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 2.47%, and has been fluctuating from a high of 1.472 to a low of 1.409.
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 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 is in an 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 63 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 10 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 11.9%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that British Pound / US Dollar is in to continue. Bollinger Bands are 12.61% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.