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

[martinkay]

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3812
Sell Stop: 1.3824
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!!!

Euro Dollar / US Dollar broke above the upside resistance level of 1.38, two days ago. This is a bullish sign. This previous resistance level of 1.38 now provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy trading) would be a bearish sign.
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 26 white candles versus 23 black candles with a net of 3 white candles.
A inverted hammer has formed. If this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar.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).A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend(which is the case with Euro Dollar / US Dollar) the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has increased 0.16%, and has been fluctuating from a high of 1.385 to a low of 1.378.The MACD is currently not in an Overbought/Oversold range.
Stochastic signal was a Buy 12 Period(s) Ago.
ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 11 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 40.1%. Bollinger Bands are 46.21% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar’s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 7 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 24/04/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.39 one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.37 is increasing. The Relative Strength Index is at 51.99 in the neutral territory. The Relative Momentum Index is at 55.25 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 26.89. This value is in the oversold territory.

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

[martinkay]

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6818
Sell Stop: 1.6833
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 25 white candles versus 22 black candles with a net of 3 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 22 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.95%, and has been fluctuating from a high of 1.686 to a low of 1.656.
The MACD is currently not in an Overbought/Oversold range.
The price of British Pound / US Dollar has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 27.5%. Bollinger Bands are 26.48% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 30/04/14. This is usually a trade set-up opportunity.
The present wave patterns are:
fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.64 is increasing. The Relative Strength Index is at 62.92 in the neutral territory. The Relative Momentum Index is at 73.11 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 50.83. This value is in the neutral territory.

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

[martinkay]

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3864
Sell Stop: 1.3880
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has increased 0.28%, and has been fluctuating from a high of 1.388 to a low of 1.378.
RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
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.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 20.0%. Bollinger Bands are 47.86% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar’s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 12 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated Low at 1.38 one bar ago ; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.37 is increasing. The Relative Strength Index is at 58.12 in the neutral territory. The Relative Momentum Index is at 62.48 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 72.98. This value is in the overbought territory.

Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 08/05/14

Volatility Analysis

                   Statistical               [B]Change from[/B] 
                   Volatility              [B][B]Previous period[/B][/B]

10-period 3.8615 0.00
21-period 3.6906 -0.36
39-period 4.8041 -0.08
90-period 6.1374 -0.18

Bollinger Bands are 35.86% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 79.9180. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 62.21.This is not a topping or bottoming area. The last signal was a sell 137 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 127.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 18 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 8 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 2 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 171 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 10 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 21 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.

Analysis of activity through 08/05/14
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 1.3777. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.3777. Be prepared for a potential short term price fall back to the 1.3850 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3777
If Short – exit all contracts at … 1.3951

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 15/05/14

Volatility Analysis
On 15/05/14, Euro Dollar / US Dollar up 0.0001 at 1.3719

Volatility Statistics Change

10-period 5.3546 -0.00
21-period 4.5721 -0.03
39-period 4.7806 -0.01
90-period 6.1743 -0.03

Bollinger Bands are 0.55% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 10.1842. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 37.70.This is not a topping or bottoming area. The last signal was a sell 142 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -118.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 7 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 176 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 15 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 4 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Mildly Bullish
The close is currently above 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.

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 15/05/14
Last price: 1.3719

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 at any retracement to 1.3993. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3993. Be prepared for a potential short term price pull back to the 1.3801 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3689
If Short – exit all contracts at … 1.3993

[martinkay]

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 21/05/14

Volatility Analysis
On 21/05/14, British Pound / US Dollar closed up 0.0002 at 1.6841

Period Statistics Change
10-period 4.1015 0.03
21-period 4.3849 -0.07
39-period 4.7452 -0.02
90-period 5.7215 -0.08

Bollinger Bands are 35.33% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 70.1879. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 53.62.This is not a topping or bottoming area. The last signal was a sell 9 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -36. This is not a topping or bottoming area.The last signal was a buy 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 7 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 132 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 416 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 102 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 8 period(s) ago.

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

British Pound / US Dollar(GBPUSD) Analysis of activity through 21/05/14

The current trend is up and all orders on the long side may be considered.
If already holding long positions, we would look to partial profits on any retracement to 1.6731. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6731. Be prepared for a potential short term price fall back to the 1.6825 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.6731
If Short – exit all contracts at … 1.6996

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 22/05/14

Volatility Analysis
On 22/05/14, Euro Dollar / US Dollar closed down -0.0006 at 1.3680

                   Statistical               Change from 
                   Volatility              Previous period

10-period 3.7791 -0.56
21-period 4.5439 -0.02
39-period 4.5376 -0.01
90-period 6.0350 -0.01

Bollinger Bands are 32.58% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 51.9720. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.75.This is not a topping or bottoming area. The last signal was a sell 147 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -75. This is not a topping or bottoming area.The last signal was a buy 3 period(s) ago.

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

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 12 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 181 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 20 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 9 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Mildly Bullish
The close is currently above 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.

Euro Dollar / US Dollar(EURUSD) Analysis of activity through 22/05/14

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 at any retracement to 1.3774. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3993. Be prepared for a potential short term price pull back to the 1.3743 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3635
If Short – exit all contracts at … 1.3993

[martinkay]

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 11/06/14

Volatility Analysis
On 11/06/14, Australian Dollar / US Dollar closed up 0.0004 at 0.9372

Period Statistical Change
10-period 8.2957 -0.72
21-period 7.7704 -0.00
39-period 7.1150 -0.16
90-period 8.7034 -0.01

Bollinger Bands are 27.41% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 88.6410. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 11 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 60.29.This is not a topping or bottoming area. The last signal was a sell 43 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 127.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 12 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 2 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 105 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 4 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 11/06/14
close: 0.9372
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 0.9229. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9211. Be prepared for a potential short term price fall back to the 0.9295 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9211
If Short – exit all contracts at … 0.9383

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 12/06/14

Volatility Analysis
On 12/06/14, Euro Dollar / US Dollar up 0.0009 at 1.3543

Period Statistical Change
10-period 4.8297 0.00
21-period 3.8674 -0.00
39-period 4.3895 0.01
90-period 5.4369 -0.06

Bollinger Bands are 20.82% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 17.6052. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.18.This is not a topping or bottoming area. The last signal was a buy 10 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -169.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 9 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 1 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 27 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 196 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 35 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 5 period(s) ago.

Summary
The current market condition for Euro Dollar / 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 12/06/14
Last price: 1.3543

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 at any retracement to 1.3676. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3676. Be prepared for a potential short term price pull back to the 1.3646 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3503
If Short – exit all contracts at … 1.3676

[martinkay]

GBP/USD DAILY as of Wednesday, 18 June, 2014
VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 18/06/14

Volatility Analysis
On 18/06/14, British Pound / US Dollar up 0.0009 at 1.6964

Period Statistical Change
10-period 6.5290 -0.03
21-period 5.8196 -0.02
39-period 5.2866 -0.01
90-period 5.0025 -0.33

Bollinger Bands are 12.75% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 82.2484. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 64.09.This is not a topping or bottoming area. The last signal was a sell 29 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 100. This is not a topping or bottoming area.The last signal was a sell 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 152 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 436 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 122 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

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

Analysis of activity through 18/06/14
close: 1.6964
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 1.6738. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.6698. Be prepared for a potential short term price fall back to the 1.6870 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.6693
If Short – exit all contracts at … 1.7010

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / British Pound (EURGBP)
as of 25/06/14

Volatility Analysis
On 25/06/14, Euro Dollar / British Pound up 0.0000 at 0.8012

Period Statistical Change
10-period 5.7770 -0.06
21-period 4.6602 -0.01
39-period 4.3968 0.00
90-period 4.9763 -0.01

Bollinger Bands are 52.37% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 65.1191. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 35.47.This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -19. This is not a topping or bottoming area.The last signal was a buy 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 0 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 129 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 624 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 10 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 14 period(s) ago.

Summary
The current market condition for Euro Dollar / British Pound 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.

Euro Dollar / British Pound(EURGBP)

Analysis of activity through 25/06/14
As at: 0.8012

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 0.8024. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.8094. Be prepared for a potential short term price pull back to the 0.8026 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.7959
If Short – exit all contracts at … 0.8138

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 26/06/14

Volatility Analysis
On 26/06/14, Euro Dollar / US Dollar last price up 0.0005 at 1.3632

Period Statistical Change
10-period 2.9702 -0.01
21-period 4.0547 -0.20
39-period 4.3819 0.00
90-period 5.2135 -0.00

Bollinger Bands are 40.48% narrower than normal. Euro Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 69.9995. This is not an overbought or oversold reading. The last signal was a buy 8 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 51.46.This is not a topping or bottoming area. The last signal was a buy 20 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 112.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 8 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 6 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 37 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 206 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 45 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 1 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 26/06/14
Last price as at: 1.3632

Be prepared for a potential short term price fall back to the 1.3629 area. If already holding short positions, we would look to take partial profits at any retracement to 1.3651. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3651.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3512
If Short – exit all contracts at … 1.3676

[martinkay]

AUD/USD DAILY as of Wednesday, 02 July, 2014
VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 02/07/14

Volatility Analysis
On 02/07/14, Australian Dollar / US Dollar down -0.0031 at 0.9463

Period Statistical Change
10-period 7.3921 -0.30
21-period 7.1956 0.22
39-period 7.5907 -0.03
90-period 8.6087 -0.04

Bollinger Bands are 33.67% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 80.5650. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 13 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 60.83.This is not a topping or bottoming area. The last signal was a sell 58 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 194.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 17 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 120 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 19 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 7 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.

Analysis of activity through 02/07/14
Last Price as at: 0.9463
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 0.9354. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9322. Be prepared for a potential short term price fall back to the 0.9367 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9322
If Short – exit all contracts at … 0.9504

[mihk]

AUD/USD in EUR/USD forum section. It’s confusing …

[martinkay]

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 09/07/14

Volatility Analysis
On 09/07/14, Australian Dollar / US Dollar last price down -0.0008 at 0.9401

Period Statistical Change
10-period 8.4873 -0.39
21-period 8.2967 -0.04
39-period 8.3299 -0.01
90-period 8.8534 -0.01

Bollinger Bands are 45.41% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 43.5715. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 52.91.This is not a topping or bottoming area. The last signal was a sell 63 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 5. This is not a topping or bottoming area.The last signal was a buy 1 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 22 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 125 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 24 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 4 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 09/07/14
Last price at: 0.9401
The current trend is up and all orders on the long side may be considered. If already holding long positions, we would look to partial profits on any retracement to 0.9329. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 0.9329. Be prepared for a potential short term price fall back to the 0.9364 area.

Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9329
If Short – exit all contracts at … 0.9504

[martinkay]

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 16/07/14

Volatility Analysis
On 16/07/14, Australian Dollar / US Dollar last price down -0.0023 at 0.9337

Period Statistical Change
10-period 6.5927 -0.74
21-period 7.9520 -0.32
39-period 7.9431 -0.01
90-period 8.2009 -0.01

Bollinger Bands are 43.39% narrower than normal. Australian Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 14.1385. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 44.57.This is not a topping or bottoming area. The last signal was a sell 68 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -123.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 6 period(s) ago.

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

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 27 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 130 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 29 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 9 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently below its 30 period moving average.

Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 16/07/14
Last price at: 0.9337

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 0.9452. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.9504. Be prepared for a potential short term price pull back to the 0.9367 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 0.9329
If Short – exit all contracts at … 0.9504

[martinkay]

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 17/07/14

Volatility Analysis
On 17/07/14, Euro Dollar / US Dollar last price down -0.0004 at 1.3525

Period Statistical Change
10-period 3.6667 -0.25
21-period 3.7032 -0.22
39-period 4.1146 -0.02
90-period 4.5833 -0.04

Bollinger Bands are 27.25% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 6.8143. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 36.94.This is not a topping or bottoming area. The last signal was a buy 35 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -180.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 11 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 52 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 221 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 2 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 2 period(s) ago.

Summary
The current market condition for Euro Dollar / 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.

Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 17/07/14
Last price at: 1.3525

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 at any retracement to 1.3650. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3680. Be prepared for a potential short term price pull back to the 1.3617 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.3520
If Short – exit all contracts at … 1.3700

[martinkay]

British Pound / US Dollar-GBPUSD
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.7075
Buy Stop: 1.7053
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 26 white candles versus 22 black candles with a net of 4 white candles.
A hammer has formed which has a long lower shadow and closes near the high. Hammers must appear after a significant decline or when prices are oversold(which is the case with British Pound / US Dollar) to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A hanging man has formed which has a very long lower shadow and a small real body. This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend(which is the case with British Pound / US Dollar) it is called a bullish hammer.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.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 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.26%, and has been fluctuating from a high of 1.719 to a low of 1.704.
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 Buy 37 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 Sell 9 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 46 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Bullish
British Pound / US Dollar closed above the lower Bollinger Band by 26.2%. Bollinger Bands are 51.06% 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 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 23/07/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.70 one bar ago ; this is usually a bullish sign that is not to be used alone!
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 3

British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.67 is increasing. The Relative Strength Index is at 52.26 in the neutral territory. The Relative Momentum Index is at 62.76 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 2.26. This value is in the oversold territory.

[martinkay]

*** Intra-Daily Trading Strategy: SELL Australian Dollar / US Dollar
Sell Target: 0.9435
Sell Stop: 0.9488
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 31 white candles versus 19 black candles with a net of 12 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 0 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar’s price has been unchanged, and has been fluctuating from a high of 0.947 to a low of 0.943.
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 Buy 4 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 Sell 74 period(s) ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.

Currently, the Momentum Oscillator 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.
A SAR Buy signal generated today. If you are short, this might be a good place to exit.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Australian Dollar / US Dollar is Very Bullish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 13.7%. Bollinger Bands are 50.47% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Australian Dollar / US Dollar’s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 18 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 3
Australian Dollar / US Dollar is long term Bullish as the 144 days moving average of 0.93 is increasing. The Relative Strength Index is at 58.97 in the neutral territory. The Relative Momentum Index is at 60.55 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 91.97. This value is in the overbought territory.

[martinkay]

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 30/07/14

Volatility Analysis
On 30/07/14, British Pound / US Dollar closed up 0.0004 at 1.6949

Period Statistical Change
10-period 2.2771 0.08
21-period 2.6622 -0.26
39-period 4.4591 -0.14
90-period 4.6671 -0.02

Bollinger Bands are 4.09% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 12.3075. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 16 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 37.32.This is not a topping or bottoming area. The last signal was a sell 14 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -126.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 17 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 14 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 182 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 466 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 152 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 8 period(s) ago.

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

British Pound / US Dollar(GBPUSD)

Analysis of activity through 30/07/14
close: 1.6949

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 at any retracement to 1.7117. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.7190. Be prepared for a potential short term price pull back to the 1.7013 area.
Suggested standing placement of fail-safe stops…
If Long – exit all contracts at … 1.6933
If Short – exit all contracts at … 1.7190