Daily Technical analysis

[Martin Kay]

GBP/USD DAILY as of Thursday, 26 September, 2013

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6063
Sell Stop: 1.6093
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 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 13 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 2.39%, and has been fluctuating from a high of 1.616 to a low of 1.563.
RSI was a Sell 2 period(s) ago.
Currently, the Momentum Oscillator is in an overbought condition.
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 19.4%. Bollinger Bands are 45.45% wider than normal.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.

 

[Martin Kay]

GBP/USD DAILY as of Wednesday, 02 October, 2013

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6158
Sell Stop: 1.6215
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 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 17 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 3.05%, and has been fluctuating from a high of 1.626 to a low of 1.563.
The Stochastic Oscillator is currently above 80 which indicates an "overbought" condition and RSI is above 70 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 6 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 19.0%. Bollinger Bands are 31.64% 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 3
Elliott Waves High Volatility has detected an Isolated High at 1.63 one bar ago; this is usually a bearish sign that is not to be used alone!
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 70.44 in the overbought territory. The Relative Momentum Index is at 85.50 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.03, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 43.01. This value is in the neutral territory.
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 03 October, 2013

*** Intra-Daily Trading Strategy: BUY British Pound / Euro Dollar
Buy Target: 1.1944
Buy Stop: 1.1901
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 5 black candles with a net of 1 black candles.
The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.
MACD is 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, British Pound / Euro Dollar's price has decreased 0.16%, and has been fluctuating from a high of 1.200 to a low of 1.192.
SAR signal was a Buy 4 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 / Euro Dollar is Very Bullish. British Pound / Euro Dollar broke below the up trendline at 1.19 today. This is a bearish sign. This up trendline, currently with an ending point at 1.19, may now provide upside resistance. British Pound / Euro Dollar closed below the upper Bollinger Band by 32.5%. Bollinger Bands are 50.73% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / Euro 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 4 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

 

[Martin Kay]

EUR/USD DAILY as of Wednesday, 09 October, 2013

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3551
Sell Stop: 1.3619
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 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.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 18 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.05%, and has been fluctuating from a high of 1.364 to a low of 1.325. The MACD is currently not in an Overbought/Oversold range.
RSI was a Sell 3 period(s) ago.
The 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 / US Dollar has not. This is a BEARISH DIVERGENCE.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 31.7%. Bollinger Bands are 11.12% 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 09/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.36 one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.32 is increasing. The Relative Strength Index is at 61.00 in the neutral territory. The Relative Momentum Index is at 76.60 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 15.98. This value is in the oversold territory.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 10 October, 2013

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5957
Buy Stop: 1.5887
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 29 white candles versus 21 black candles with a net of 8 white 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 0.50%, and has been fluctuating from a high of 1.618 to a low of 1.592. The MACD is currently not in an Overbought/Oversold range.
RSI was a Sell 5 period(s) ago.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
SAR signal was a Sell 4 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 broke below the up trendline at 1.60, 1 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.60, may now provide upside resistance. Prices having only declined 0.15% since the breakout.
British Pound / US Dollar closed above the lower Bollinger Band by 21.0%. Bollinger Bands are 26.43% 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: Oversold
Intermediate Term: Bullish
Long Term: Bullish

 

[funtik]

GBPUSD
The pair may test the level 1.60690 as the than pound price will start bullish movement. Then I suppose it is good idea to buy to the target 1.61170. And stop loss in this case will be 1.60370.

 

[Martin Kay]

GBP/USD DAILY as of Wednesday, 16 October, 2013

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.5963
Sell Stop: 1.6014
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 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.20%, and has been fluctuating from a high of 1.618 to a low of 1.591.
The Stochastic Oscillator is currently below 20 indicating an "oversold" condition.
RSI was a Sell 9 period(s) ago.

SAR signal was a Sell 8 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 broke below the up trendline at 1.60, 5 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.61, now provide upside resistance. Prices having only declined 0.15% since the breakout.
British Pound / US Dollar closed above the lower Bollinger Band by 27.3%. Bollinger Bands are 39.67% 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 16/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.59 one bar ago ; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 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 51.46 in the neutral territory. The Relative Momentum Index is at 58.91 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 8.37. This value is in the oversold territory.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 17 October, 2013


*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3561
Buy Stop: 1.3502
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 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.18%, and has been fluctuating from a high of 1.360 to a low of 1.348. The MACD is currently not in an Overbought/Oversold range.
SAR signal was a Sell 6 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 42.6%. Bollinger Bands are 65.70% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 3 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/10/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.35 one bar ago ; this is usually a bullish sign.
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 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 57.43 in the neutral territory. The Relative Momentum Index is at 66.50 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 8.43. This value is in the oversold territory.

 

[Martin Kay]

AUD/USD DAILY as of Thursday, 24 October, 2013

*** 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.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 31 October, 2013

*** 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.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 07 November, 2013

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6071
Sell Stop: 1.6097
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 32 white candles versus 18 black candles with a net of 14 white candles.
A hammer has formed which has a long lower shadow and closes near the high. Hammers must appear after a significant decline or when prices are oversold to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A hanging man has formed which has a very long lower shadow and a small real body. This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend(which is the case with British Pound / US Dollar) it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three 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 8 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.33%, and has been fluctuating from a high of 1.621 to a low of 1.591.The MACD is currently not in an Overbought/Oversold range.
Directional Movement Indicators (DMI) signal was a SELL 4 period(s) ago.
SAR signal was a Sell 7 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 46.2%. Bollinger Bands are 35.36% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

AUD/USD DAILY as of Friday, 15 November, 2013

*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar
Buy Target: 0.9324
Buy Stop: 0.9297
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 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 14 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 2.35%, and has been fluctuating from a high of 0.962 to a low of 0.927. The MACD is currently not in an Overbought/Oversold range.
Stochastic Oscillator is currently below 20 which is an indication of an "oversold" condition.
The last Directional Movement Indicators (DMI) signal was a SELL 6 period(s) ago.
SAR signal was a Sell 15 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 Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar closed above the lower Bollinger Band by 14.8%. Bollinger Bands are 11.57% wider 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 15/11/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 0.94 one bar ago; this is usually a bearish sign that is not to be used alone!
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:
fast amplitude (8%): bearish wave 4
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 38.91 in the neutral territory. The Relative Momentum Index is at 37.65 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 31.76. This value is in the neutral territory.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 21 November, 2013


*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3437
Buy Stop: 1.3416
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 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 15 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.11%, and has been fluctuating from a high of 1.374 to a low of 1.330. The MACD is currently not in an Overbought/Oversold range.
Stochastic was a Buy 6 Period(s) Ago.
SAR was a Buy 3 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 / US Dollar is Mildly Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 30.0%. Bollinger Bands are 19.48% wider 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 21/11/13. This is usually a trade set-up opportunity and for example as the trend is bullish, place a buy-stop at one tick above 1.36 and a sell-stop at one tick below 1.34.
Elliott Waves High Volatility has detected an Isolated Low at 1.34 one bar ago ; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 42.89 in the neutral territory. The Relative Momentum Index is at 45.99 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 64.34. This value is in the neutral territory.

 

[fx abser]

PENDING ORDER
========/========
Sell Limit Eur/Jpy At 135.10-15
SL:135.50
TP1 :134.70
TP2 :134.00

 

[fx abser]

eur/jpy outlook
http://prntscr.com/25mtx6

 

[Martin Kay]

EUR/GBP DAILY as of Thursday, 28 November, 2013


*** Intra-Daily Trading Strategy: BUY Euro Dollar / British Pound
Buy Target: 0.8334
Buy Stop: 0.8315
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 5 black candles with a net of 1 black candles.
The previous 50 candlestick bars, there are 24 white candles versus 23 black candles with a net of 1 white candles.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has decreased 1.59%, and has been fluctuating from a high of 0.856 to a low of 0.831.The MACD is currently not in any Overbought or Oversold range.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. SAR signal was a Sell 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
With strong confirmation from the short-term trend and a current Sell signal. The current market condition for Euro Dollar / British Pound is Very Bearish
Euro Dollar / British Pound closed above the lower Bollinger Band by 18.4%. Bollinger Bands are 18.46% 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%): bullish wave 1
Euro Dollar / British Pound broke below the downside support level of 0.83, 1 day(s) ago. This is a bearish sign. This previous support level of 0.83 now provide upside resistance. Prices having only declined 0.10% since the breakout.
Euro Dollar / British Pound is long term Bearish as the 144 days moving average of 0.85 is decreasing. The Relative Strength Index is at 39.49 in the neutral territory. The Relative Momentum Index is at 31.29 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 41.87. This value is in the neutral territory.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 05 December, 2013

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3581
Sell Stop: 1.3596
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 31 white candles versus 19 black candles with a net of 12 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.362 to a low of 1.346. The MACD is currently not in an Overbought/Oversold range.
With Stochastic Oscillator currently above 80 which is an indication of an "overbought" condition.
The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 24.9%. Bollinger Bands are 34.55% 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 05/12/13. 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 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.34 is increasing. The Relative Strength Index is at 53.73 in the neutral territory. The Relative Momentum Index is at 57.16 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 76.60. This value is in the overbought territory.

Euro Dollar / US Dollar broke above the upside resistance level of 1.34, 18 day(s) ago. This is a bullish sign. This previous resistance level of 1.34 now provide downside support and prices having only risen 1.30% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level would be a bearish sign.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 12 December, 2013

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3779
Sell Stop: 1.3812
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 32 white candles versus 18 black candles with a net of 14 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 14 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.75%, and has been fluctuating from a high of 1.381 to a low of 1.346.
Stochastic Oscillator is currently above 80. This is an "overbought" condition.
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.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 3.7%. Bollinger Bands are 0.27% wider 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 12/12/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.38 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.34 is increasing. The Relative Strength Index is at 67.67 in the neutral territory. The Relative Momentum Index is at 73.59 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 100.00. This value is in the overbought territory.

Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 19 December, 2013

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3685
Buy Stop: 1.3623
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 30 white candles versus 20 black candles with a net of 10 white candles.
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, Euro Dollar / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.369 to a low of 1.365.
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
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 49.7%. Bollinger Bands are 15.73% 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
Elliott Waves High Volatility has detected an Isolated High at 1.38 one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.34 is increasing. The Relative Strength Index is at 51.29 in the neutral territory. The Relative Momentum Index is at 66.01 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 19.13. This value is in the oversold territory.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 26 December, 2013

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3685
Buy Stop: 1.3655
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 28 white candles versus 22 black candles with a net of 6 white candles.
A hammer has formed which has a long lower shadow and closes near the high. Hammers must appear after a significant decline or when prices are oversold to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A hanging man has formed which has a very long lower shadow and a small real body. This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend(which is the case with Euro Dollar / US Dollar) it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend it is called a bullish hammer.A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.17%, and has been fluctuating from a high of 1.372 to a low of 1.362. The MACD is currently not in any Overbought or Oversold range.
ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating any specific price direction.
SAR signal was a Sell 6 period(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 47.2%. Bollinger Bands are 33.42% 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 a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 26/12/13. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.37 one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.34 is increasing. The Relative Strength Index is at 52.71 in the neutral territory. The Relative Momentum Index is at 58.00 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 10.34. This value is in the oversold territory.
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Summary
Euro Dollar / US Dollar is currently 2.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 17 periods.