VIT Daily Analysis
Review of Euro Dollar / US Dollar (EURUSD)
as of 29/06/15
On 29/06/15, Euro Dollar / US Dollar closed up 0.0049 at 1.1215
Period Statistical Change
10-period 12.3319 0.34
21-period 15.1263 0.05
39-period 15.3466 0.03
90-period 15.6708 0.00
Bollinger Bands are 55.89% 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.
The Stochastic Oscillator is 37.7288. 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 50.79.This is not a topping or bottoming area. The last signal was a sell 37 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is -107.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. 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 4 period(s) ago.
There were no Aroon signals generated today. The last signal was a Sell 57 period(s) ago.
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 56 period(s) Ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 4 period(s) ago.
The current market condition for Euro Dollar / US Dollar is: Mildly Bearish
The close is currently below 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 29/06/15
Be prepared for a potential short term price fall back to the 1.1194 area. 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 1.1435. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1435.