What’s the general opinion of the EURUSD?
Is it bottoming at these levels or will it continue?
From a technical view it’s looking to drop further!
Thanks
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 12/01/15
Volatility Analysis
On 12/01/15, Euro Dollar / US Dollar closed down -0.0009 at 1.1829
Period Statistical Change
10-period 5.9813 0.12
21-period 7.6123 -0.67
39-period 9.5243 -0.33
90-period 9.9522 -0.03
Bollinger Bands are 80.59% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 25.6510. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 26.03.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 70 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -89. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 16 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 16 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 59 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 16 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 17 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.
Analysis of activity through 12/01/15
close: 1.1829
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 1.2169. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2220. Be prepared for a potential short term price pull back to the 1.1962 area.
*** Intra-Daily Trading Strategy: SELL Gold / US Dollar
Sell Target: 1,225.8602
Sell Stop: 1,250.5901
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white 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).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Gold / US Dollar’s price has increased 2.36%, and has been fluctuating from a high of 1,243.580 to a low of 1,183.920.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an “overbought” condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 21 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 47 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 66 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 5 period(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 Gold / US Dollar is Mildly Bearish
Gold / US Dollar closed below the upper Bollinger Band by 0.4%. Bollinger Bands are 7.03% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
A long upper shadow occurred. 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 spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 14/01/15
Volatility Analysis
On 14/01/15, Euro Dollar / US Dollar closed up 0.0007 at 1.1783
Period Statistical Change
10-period 5.8692 0.24
21-period 6.9786 -0.66
39-period 9.5524 0.00
90-period 9.9302 0.00
Bollinger Bands are 65.20% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 30.7384. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 24.79.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 72 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -83. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 18 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 18 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 61 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 18 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 19 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.
Analysis of activity through 14/01/15
close: 1.1783
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 1.2087. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2187. Be prepared for a potential short term price pull back to the 1.1911 area.
VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 19/01/15
Volatility Analysis
On 19/01/15, Euro Dollar / US Dollar closed up 0.0020 at 1.1591
Period Statistical Change
10-period 8.3338 0.49
21-period 6.8191 0.19
39-period 9.3829 -0.10
90-period 10.2033 0.02
Bollinger Bands are 91.57% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 28.1221. 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 20.32.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 75 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -130.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. 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 sell 21 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 21 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 64 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 21 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 22 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.
Analysis of activity through 19/01/15
close: 1.1591
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 1.1896. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2087. Be prepared for a potential short term price pull back to the 1.1792 area.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5212
Buy Stop: 1.4992
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 21 white candles versus 28 black candles with a net of 7 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 1.16%, and has been fluctuating from a high of 1.558 to a low of 1.503.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an “oversold” condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 166 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed above 30 from a bottoming formation. This is a BULLISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 0 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 is in an oversold condition.
The last Directional Movement Indicators (DMI) signal was a BUY 175 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 23 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 29.7%. Bollinger Bands are 93.54% wider than normal.
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1688
Buy Stop: 1.1479
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 20 white candles versus 30 black candles with a net of 10 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 23 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has decreased 4.92%, and has been fluctuating from a high of 1.230 to a low of 1.146.
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 144 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 77 period(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 is in an oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 66 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
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 20.7%. Bollinger Bands are 151.14% wider than normal.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5248
Buy Stop: 1.4989
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!!!
- 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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 25 black candles with a net of 1 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.60%, and has been fluctuating from a high of 1.522 to a low of 1.499.
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 171 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 1 period(s) ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
The RSI has set a new 14-period high while the price of British Pound / US Dollar has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a BUY 180 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
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 48.3%. Bollinger Bands are 45.95% wider than normal.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5227
Buy Stop: 1.4899
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 21 white candles versus 28 black candles with a net of 7 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.34%, and has been fluctuating from a high of 1.522 to a low of 1.499.
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 176 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 6 period(s) ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
The RSI has set a new 14-period high while the price of British Pound / US Dollar has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a BUY 185 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 5 period(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 41.4%. Bollinger Bands are 40.46% 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.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 04/02/15
Volatility Analysis
On 04/02/15, British Pound / US Dollar closed up 0.0044 at 1.5182
Period Statistical Change
10-period 9.5065 0.15
21-period 7.7655 -0.59
39-period 9.2577 0.07
90-period 8.8007 0.03
Bollinger Bands are 43.61% narrower than normal. British Pound / 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 52.3417. This is not an overbought or oversold reading. The last signal was a buy 17 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 48.25.This is not a topping or bottoming area. The last signal was a buy 7 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 7 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 13 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 31 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 601 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 9 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 6 period(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.
Analysis of activity through 10/11/14
close: 1.5850
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 1.6161. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6182. Be prepared for a potential short term price pull back to the 1.6018 area.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 09/09/14
Volatility Analysis
On 09/09/14, British Pound / US Dollar closed up 0.0030 at 1.6123
Period Statistical Change
10-period 10.3480 0.35
21-period 8.1522 0.09
39-period 6.4008 0.07
90-period 5.7749 -0.14
Bollinger Bands are 100.29% wider than normal. British Pound / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 8.3837. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 8 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 16.06.This is where it usually bottoms which often occurs before the underlying asset. The last signal was a buy 7 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -175.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 3 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 211 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 495 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 181 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(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.
Analysis of activity through 10/02/15
close: 1.5258
Be prepared for a potential short term price fall back to the 1.5229 area. If already holding short positions, we would look to take partial profits at any retracement to 1.5352. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.5352.
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1360
Buy Stop: 1.1253
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 20 white candles versus 30 black candles with a net of 10 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has decreased 1.06%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 159 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 7 period(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 last Directional Movement Indicators (DMI) signal was a SELL 81 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 14 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 38.5%. Bollinger Bands are 33.80% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5395
Buy Stop: 1.5269
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 20 white candles versus 29 black candles with a net of 9 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.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 16 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 1.73%, and has been fluctuating from a high of 1.544 to a low of 1.499.
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 6 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 16 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 last Directional Movement Indicators (DMI) signal was a BUY 8 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 15 period(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 17.7%. Bollinger Bands are 19.18% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1350
Sell Stop: 1.1464
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 17 white candles versus 33 black candles with a net of 16 black candles.
A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar’s price has decreased 0.49%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 164 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 12 period(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 last Directional Movement Indicators (DMI) signal was a SELL 86 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 1 period(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 27.4%. Bollinger Bands are 33.90% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Euro Dollar / US Dollar is currently 10.7% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bearish on EURUSD and have had this outlook for the last 43 periods.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 24/02/15
Volatility Analysis
On 24/02/15, British Pound / US Dollar closed down -0.0003 at 1.5449
Period Statistical Change
10-period 7.3046 0.01
21-period 8.1487 -0.26
39-period 9.4944 -0.00
90-period 8.4506 -0.01
Bollinger Bands are 23.75% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 68.9874. This is not an overbought or oversold reading. The last signal was a buy 31 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 60.75.This is not a topping or bottoming area. The last signal was a buy 21 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 98. This is not a topping or bottoming area.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 27 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 45 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 615 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 23 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 1 period(s) ago.
Summary
The current market condition for British Pound / US Dollar is: 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 above its 30 period moving average.
Analysis of activity through 24/02/15
close: 1.5449
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 1.5209. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.5197. Be prepared for a potential short term price fall back to the 1.5331 area.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 25/02/15
Volatility Analysis
On 25/02/15, British Pound / US Dollar closed up 0.0076 at 1.5525
Period Statistical Change
10-period 7.3998 0.10
21-period 8.0452 -0.10
39-period 9.6193 0.12
90-period 8.4847 0.03
Bollinger Bands are 29.54% wider than normal.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 86.4865. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 32 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 64.93.This is not a topping or bottoming area. The last signal was a buy 22 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 140.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 3 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 28 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 46 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 616 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 24 period(s) Ago.
Stop and Reverse (SAR)
An SAR Buy signal was generated today. If you are short, this might be a good place to exit.
Summary
The current market condition for British Pound / US Dollar is: 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 above its 30 period moving average.
Analysis of activity through 25/02/15
close: 1.5525
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 1.5316. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.5197. Be prepared for a potential short term price fall back to the 1.5346 area.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5393
Buy Stop: 1.5316
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 22 white candles versus 28 black candles with a net of 6 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 26 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 1.84%, and has been fluctuating from a high of 1.555 to a low of 1.499.
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 2 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 26 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 18 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 period(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 48.1%. Bollinger Bands are 16.56% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5114
Buy Stop: 1.4993
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 1.20%, and has been fluctuating from a high of 1.537 to a low of 1.503.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an “oversold” condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 7 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 31 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 last Directional Movement Indicators (DMI) signal was a BUY 23 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 6 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 1.0%. Bollinger Bands are 21.74% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
British Pound / US Dollar is currently 6.2% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Trend forecasting oscillators are currently bearish on GBPUSD and have had this outlook for the last 1 periods.
*** Intra-Daily Trading Strategy: SELL Gold / US Dollar
Sell Target: 1,146.3066
Sell Stop: 1,173.2534
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 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 28 period(s) ago. Since the MACD crossed the MACD moving average, Gold / US Dollar’s price has decreased 10.02%, and has been fluctuating from a high of 1,284.830 to a low of 1,147.460.
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 62 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 32 period(s) ago.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.
The last Directional Movement Indicators (DMI) signal was a BUY 107 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
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Gold / US Dollar is Very Bearish
Gold / US Dollar closed below the lower Bollinger Band by 4.6%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 7.19% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 17/03/15
Volatility Analysis
On 17/03/15, British Pound / US Dollar closed down -0.0074 at 1.4750
Period Statistical Change
10-period 11.4750 -0.26
21-period 10.2569 0.09
39-period 10.3028 0.09
90-period 9.3281 -0.03
Bollinger Bands are 114.48% wider than normal. British Pound / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 17.7795. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 13 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 29.24.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 1 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -113.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 13 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Sell 60 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 630 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 38 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 11 period(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.
Analysis of activity through 17/03/15
close: 1.4750
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 1.5269. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.5416. Be prepared for a potential short term price pull back to the 1.5017 area.
