*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 98.2700
Buy Stop: 97.6780
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 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 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 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, US Dollar / Japanese Yen’s price has decreased 1.20%, and has been fluctuating from a high of 100.366 to a low of 97.630.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an “oversold” condition.
The ADX is currently below both Plus and Minus Directional indicators and should not initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.
There were no SAR signals generated today. The last SAR signal was a Sell 2 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
The most recently confirmed down trendline for US Dollar / Japanese Yen has an ending point currently at 100.29. Expect prices to have some difficulty rising above this trendline. A break above this trendline would be a bullish sign.
The most recently confirmed up trendline for US Dollar / Japanese Yen has an ending point currently at 94.57. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
US Dollar / Japanese Yen closed above the lower Bollinger Band by 9.2%. Bollinger Bands are 29.36% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
GBP/USD DAILY as of Tuesday, 06 August, 2013
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5341
Sell Stop: 1.5381
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.
A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.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 as the MACD crossed above the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.46%, and has been fluctuating from a high of 1.538 to a low of 1.510.
Stochastic signal was a Sell 5 Period(s) Ago.
The ADX is currently below both Plus and Minus Directional indicators and the Directional Movement Indicators (DMI) currently is not indicating a specific price direction, should not initiate any trades right now.
The last SAR signal was a Sell 4 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 British Pound / US Dollar is Mildly Bearish
British Pound / US Dollar broke above the down trendline at 1.54 today. This is a bullish sign. This down trendline, currently with an ending point at 1.53, now provide downside support. The most recently confirmed up trendline for British Pound / US Dollar has an ending point currently at 1.51. Expect prices to have some difficulty falling below this trendline. A break below this trendline (particularly on heavy volume) would be a bearish sign.
British Pound / US Dollar closed below the upper Bollinger Band by 23.9%. Bollinger Bands are 21.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black candles.
A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 1.47%, and has been fluctuating from a high of 1.557 to a low of 1.503.
Stochastic signal was a Sell 7 Period(s) Ago.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.
SAR signal was a Sell 6 period(s) ago.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for British Pound / US Dollar is Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 28.0%. Bollinger Bands are 31.56% 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 Euro Dollar / US Dollar
Buy Target: 1.3310
Buy Stop: 1.3283
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 27 white candles versus 23 black candles with a net of 4 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, Euro Dollar / US Dollar’s price has increased 1.81%, and has been fluctuating from a high of 1.340 to a low of 1.300.
Stochastic signal was a Buy 24 Period(s) Ago.
The last SAR and Directional Movement Indicators (DMI) signal was a BUY 24 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. The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.28. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 32.0%. Bollinger Bands are 35.14% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices。
Short Term:Neutral
Intermediate Term:Bullish
Long Term:Bullish
AUD/USD WEEKLY as of Monday, 19 August, 2013
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 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 white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 17 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar’s price has decreased 10.57%, and has been fluctuating from a high of 1.038 to a low of 0.885.
RSI signal was a Buy 2 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 Australian Dollar / US Dollar has not. This is a BULLISH DIVERGENCE.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Very Bearish. Australian Dollar / US Dollar broke below the up trendline at 0.97,14 week(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.01, may now provide upside resistance. Prices have declined 5.84% since the breakout.
Australian Dollar / US Dollar closed above the lower Bollinger Band by 31.9%. Bollinger Bands are 63.81% wider than normal.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5639
Sell Stop: 1.5663
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 24 white candles versus 25 black candles with a net of 1 black candles.
A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 12 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 2.38%, and has been fluctuating from a high of 1.567 to a low of 1.510.
The Stochastic Oscillator is currently above 80. This is an indication of an “overbought” condition. Stochastic was a Sell 5 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 is in an overbought condition.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.
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 broke above the upside resistance level of 1.56, 1 day ago. This is a bullish sign. This previous resistance level of 1.56 now provide downside support. Prices have only risen 0.01% since the breakout. The most recently confirmed downside support level for British Pound / US Dollar is around 1.49. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
British Pound / US Dollar closed below the upper Bollinger Band by 12.7%. Bollinger Bands are 16.82% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5554
Sell Stop: 1.5602
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 0 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has been unchanged, and has been fluctuating from a high of 1.559 to a low of 1.556.
Stochastic signal was a Sell 10 Period(s) Ago.
The Directional Movement Indicators (DMI) currently is not indicating any specific price direction and should not initiate any trades right now.
SAR signal was a Buy 15 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 36.9%. Bollinger Bands are 15.53% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 99.3307
Sell Stop: 99.8903
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen’s price has increased 2.28%, and has been fluctuating from a high of 99.694 to a low of 96.813.
The Stochastic Oscillator is currently above 80. This is an indication of being in an “overbought” condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 15 Period(s) Ago.
The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 131 period(s) ago.
SAR signal was a Buy 1 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 US Dollar / Japanese Yen is Very Bullish. US Dollar / Japanese Yen broke above the down trendline at 99.56, one day ago. This is a bullish sign. This down trendline, with an ending point at 98.18 provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed up trendline for US Dollar / Japanese Yen has an ending point currently at 96.71. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.
US Dollar / Japanese Yen closed below the upper Bollinger Band by 2.4%. Bollinger Bands are 33.66% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Technical Outlook
Short Term:Overbought
Intermediate Term:Bullish
Long Term:Bullish
GBP/USD DAILY as of Tuesday, 10 September, 2013
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5685
Sell Stop: 1.5710
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 26 white candles versus 24 black candles with a net of 2 white candles.
A bearish harami has formed where the current small black body is contained within an unusually large white body. During an uptrend(which is the case with British Pound / US Dollar) this pattern implies an end to the rally as the bulls appear to have exhausted.
During a downtrend the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.
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 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.04%, and has been fluctuating from a high of 1.573 to a low of 1.563.
The Stochastic Oscillator is currently above 80. This is an indication of being in an “overbought” condition.
The Directional Movement Indicators (DMI) currently is not indicating any specific price direction and should not initiate any trades right now.
SAR signal was a Buy 3 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 British Pound / US Dollar is Very Bullish. British Pound / US Dollar broke above the upside resistance level of 1.56, 1 day(s) ago. This is a bullish sign. This previous resistance level of 1.56 now provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed downside support level for British Pound / US Dollar is around 1.49. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
British Pound / US Dollar closed below the upper Bollinger Band by 7.4%. Bollinger Bands are 56.68% 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 6 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5888
Sell Stop: 1.5940
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.
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, British Pound / US Dollar’s price has increased 1.27%, and has been fluctuating from a high of 1.596 to a low of 1.563.
The Stochastic Oscillator is currently above 80. This is an indication of an “overbought” condition and the RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying asset. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 3 period(s) ago.
Currently, the Momentum Oscillator is in an overbought condition.
SAR signal was a Buy 8 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 5.4%. Bollinger Bands are 0.75% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6025
Sell Stop: 1.6050
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 28 white candles versus 22 black candles with a net of 6 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 11 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 2.13%, and has been fluctuating from a high of 1.616 to a low of 1.563.
The RSI is not currently in any topping (above 70) or bottoming (below 30) range but RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. RSI signal was a Sell 0 period(s) ago.
Currently, the Momentum Oscillator is in an overbought condition.
SAR signal was a Buy 13 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 18.3%. Bollinger Bands are 49.66% wider than normal.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.6096
Buy Stop: 1.6062
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 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 BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has increased 0.47%, and has been fluctuating from a high of 1.618 to a low of 1.600.
RSI signal was a Sell 3 period(s) ago.
The last Directional Movement Indicators (DMI) signal was a BUY 90 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 40.1%. Bollinger Bands are 13.61% 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 08/10/13. This is usually a trade set-up opportunity.
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 1.56 is increasing. The Relative Strength Index is at 58.61 in the neutral territory. The Relative Momentum Index is at 76.73 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 15.29. This value is in the oversold territory.
*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar
Buy Target: 0.9675
Buy Stop: 0.9584
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 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar’s price has increased 1.45%, and has been fluctuating from a high of 0.976 to a low of 0.943.
The MACD is currently not in an Overbought/Oversold range.
RSI was a Sell 1 period(s) ago.
Currently, the Momentum Oscillator is in an overbought condition.
SAR signal was a Buy 12 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 Australian Dollar / US Dollar is Very Bullish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 18.0%. Bollinger Bands are 15.33% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bullish as the 144 days moving average of 0.95 is increasing. The Relative Strength Index is at 68.60 in the neutral territory. The Relative Momentum Index is at 82.44 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 38.19. This value is in the neutral territory.
*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.6046
Buy Stop: 1.6001
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 28 white candles versus 22 black candles with a net of 6 white 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.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar’s price has decreased 0.64%, and has been fluctuating from a high of 1.621 to a low of 1.600.
Stochastic was a Buy 10 Period(s) Ago.
SAR signal was a Sell 2 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 39.6%. Bollinger Bands are 36.50% 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 31/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.60 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 1.57 is increasing. The Relative Strength Index is at 49.07 in the neutral territory. The Relative Momentum Index is at 59.55 in the neutral 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 4.14. This value is in the oversold territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 102.6440
Sell Stop: 103.0250
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 28 white candles versus 22 black candles with a net of 6 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 31 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen’s price has increased 4.66%, and has been fluctuating from a high of 103.389 to a low of 97.458. MACD is currently not Overbought or Oversold.
Stochastic Oscillator is currently above 80. This is an an “overbought” condition. RSI was a Sell 6 period(s) ago.
SAR was a Buy 2 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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 26.0%. Bollinger Bands are 14.71% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliott Waves High Volatility has detected an Isolated Low at 102.57 one bar ago ; this is usually a bullish sign that is not to be used alone! Elliott Waves High Volatility has detected an Isolated High at 103.39 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 5
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 98.49 is increasing. The Relative Strength Index is at 63.54 in the neutral territory. The Relative Momentum Index is at 84.71 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 1.98, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 32.94. This value is in the neutral territory.
US Dollar / Japanese Yen is currently 4.1% above its 200-period moving average and is in an upward trend. Trend forecasting oscillators are currently bullish on USDJPY and have had this outlook for the last 28 periods.
Nikkei rises on upbeat global growth signals; activity subdued ahead of Fed Japan’s Nikkei share average rose
on Tuesday thanks to strong U.S. manufacturing data, but trading was subdued as most investors stayed on the sidelines ahead of the outcome of the U.S Federal Reserve’s policy meeting this week.
*** Intra-Daily Trading Strategy: SELL Australian Dollar / US Dollar
Sell Target: 0.8926
Sell Stop: 0.9024
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!!!
Australian Dollar / US Dollar broke above the down trendline at 0.89, 2 days ago. This is a bullish sign. This down trendline, currently with an ending point at 0.89, now provide downside support. Prices having only risen 0.67% since the breakout.
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.
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 3 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar’s price has increased 2.62%, and has been fluctuating from a high of 0.898 to a low of 0.873.
Stochastic Oscillator is currently above 80. This is an indication being in an “overbought” condition.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
Directional Movement Indicators (DMI) and SAR signal was a BUY 3 periods 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 Australian Dollar / US Dollar is Mildly Bearish
Australian Dollar / US Dollar closed below the upper Bollinger Band by 16.4%. Bollinger Bands are 11.19% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bearish wave 5
moderate amplitude (13%): bearish wave 3
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.92 is decreasing. The Relative Strength Index is at 58.15 in the neutral territory. The Relative Momentum Index is at 44.13 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 100.00. This value is in the overbought territory.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: BUY Euro Dollar / Japanese Yen
Buy Target: 142.9953
Buy Stop: 142.4797
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!
The previous 10 candlestick bars, there are 7 white candles versus 2 black candles with a net of 5 white candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.
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, Euro Dollar / Japanese Yen’s price has increased 2.06%, and has been fluctuating from a high of 143.783 to a low of 138.671. The MACD is currently not in an Overbought/Oversold range.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 5 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 / Japanese Yen is Very Bullish
Euro Dollar / Japanese Yen closed below the upper Bollinger Band by 15.8%. Bollinger Bands are 5.34% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 137.47 is increasing. The Relative Strength Index is at 61.46 in the neutral territory. The Relative Momentum Index is at 71.33 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 1.86, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 73.69. This value is in the overbought territory.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
*** Intra-Daily Trading Strategy: BUY Euro Dollar / Japanese Yen
Buy Target: 140.6857
Buy Stop: 140.2793
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!!!
Euro Dollar / Japanese Yen broke below the up trendline at 140.54 today. This is a bearish sign. This up trendline, currently with an ending point at 140.75, now provide upside resistance. The most recently confirmed down trendline for Euro Dollar / Japanese Yen has an ending point currently at 143.38. Expect prices to have some difficulty rising above this trendline. A break above this trendline (particularly on heavy trading) would be a bullish sign.
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.
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 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen’s price has decreased 0.08%, and has been fluctuating from a high of 141.591 to a low of 140.077.
Stochastic signal was a Buy 7 Period(s) Ago.
RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of Euro Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.
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 Sell 1 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / Japanese Yen is Mildly Bullish
Euro Dollar / Japanese Yen closed above the lower Bollinger Band by 19.8%. Bollinger Bands are 37.51% 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 09/04/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 140.08 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 1
moderate amplitude (13%): bullish wave 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 138.38 is increasing. The Relative Strength Index is at 44.19 in the neutral territory. The Relative Momentum Index is at 51.20 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.16, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 11.68. This value is in the oversold territory.
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 102.5723
Sell Stop: 102.7557
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!!!
US Dollar / Japanese Yen broke below the up trendline at 101.97, eleven days ago. This is a bearish sign. This up trendline, currently with an ending point at 103.48, now provide upside resistance. Prices only declined 0.65% since the breakout.
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 32 white candles versus 18 black candles with a net of 14 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 1 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen’s price has increased 0.02%, and has been fluctuating from a high of 102.721 to a low of 102.409. MACD is not Overbought or Oversold.
Stochastic signal was a Buy 5 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 Sell 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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 48.7%. Bollinger Bands are 14.33% 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 23/04/14. This is usually a trade set-up opportunity.
The present wave patterns are:
fast amplitude (8%): bullish wave 5
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bullish wave 1
US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 101.61 is increasing. The Relative Strength Index is at 52.64 in the neutral territory. The Relative Momentum Index is at 51.50 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.06, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 97.06. This value is in the overbought territory.
US Dollar / Japanese Yen is currently 1.7% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bearish on USDJPY and have had this outlook for the last 8 periods.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
