Daily Technical analysis

[Martin Kay]

GBP/USD DAILY as of Friday, 03 January, 2014

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.6456
Buy Stop: 1.6425
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 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.27%, and has been fluctuating from a high of 1.660 to a low of 1.641.
RSI was a Sell 1 period(s) ago.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
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 British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 35.9%. Bollinger Bands are 35.75% 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 1.64 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 1.66 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 3
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.60 is increasing. The Relative Strength Index is at 56.60 in the neutral territory. The Relative Momentum Index is at 77.97 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 39.48. This value is in the neutral territory.
British Pound / US Dollar is currently 4.8% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Trend forecasting oscillators are currently bullish on GBPUSD and have had this outlook for the last 31 periods.

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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 09 January, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3579
Buy Stop: 1.3560
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 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.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 decreased 0.67%, and has been fluctuating from a high of 1.377 to a low of 1.355. MACD is currently not Overbought or Oversold and there are no divergence signals during the last 5 periods.
Stochastic Oscillator is currently below 20. This is an indication of an "oversold" condition.
Directional Movement Indicators (DMI) currently is not indicating any specific price direction.
SAR signal was a Sell 5 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 8.6%. Bollinger Bands are 32.61% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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 09/01/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.36 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 1.35 is increasing. The Relative Strength Index is at 42.04 in the neutral territory. The Relative Momentum Index is at 42.63 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 5.28. This value is in the oversold territory.

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

 

[Martin Kay]

AUD/USD DAILY as of Friday, 17 January, 2014

*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar
Buy Target: 0.8822
Buy Stop: 0.8785
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 21 white candles versus 29 black candles with a net of 8 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MACD is 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, Australian Dollar / US Dollar's price has decreased 1.26%, and has been fluctuating from a high of 0.909 to a low of 0.878. MACD is currently not Overbought or Oversold.
Stochastic Oscillator is currently below 20. This is an indication of an "oversold" condition.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Directional Movement Indicators (DMI) and SAR signal was a SELL 2 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 below the lower Bollinger Band by 1.4%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that Australian Dollar / US Dollar is in to continue. Bollinger Bands are 52.47% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Australian Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 9 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Australian Dollar / US Dollar broke below the downside support level of 0.89, 1 day(s) ago. This is a bearish sign. This previous support level of 0.89 now provide upside resistance. Prices have declined 0.14% since the breakout.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/01/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 0.88 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%): bearish wave 5
moderate amplitude (13%): bearish wave 1
Australian Dollar / US Dollar is long term Bearish as the 144 days moving average of 0.93 is decreasing. The Relative Strength Index is at 37.05 in the neutral territory. The Relative Momentum Index is at 29.30 in the oversold 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 4.88. This value is in the oversold territory.

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

 

[ajpipsmaker]

Nice analysis, I must say.
I am also a buyer of AUDUSD.
However, I am waiting for a retest of the 0.8720 level to enter into medium term long trades.
I may be wrong, but I think the pair might trade higher from the said level.
My initial target would be around the 0.8980 level, and final target could be around the 0.9080 level.
Let's see what happens in the coming days for the pair.
I will be trading very carefully.

Regards,
AJpipsmaker

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 23 January, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3555
Buy Stop: 1.3522
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 / US Dollar broke below the up trendline at 1.35, 1 day(s) ago. This is a bearish sign. This up trendline, currently with an ending point at 1.36, now provide upside resistance. Prices having only declined 0.04% since the breakout.
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 29 white candles versus 21 black candles with a net of 8 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).
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 0.86%, and has been fluctuating from a high of 1.377 to a low of 1.351. MACD is currently not Overbought or Oversold.
Stochastic Oscillator is currently below 20. This is an indication of being an "oversold" condition. Stochastic was a Buy 8 Period(s) Ago.
Directional Movement Indicators (DMI) currently is not indicating any specific price direction.
SAR signal was a Sell 15 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 22.6%. Bollinger Bands are 20.02% 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 1.36 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 1.35 is increasing. The Relative Strength Index is at 41.74 in the neutral territory. The Relative Momentum Index is at 37.11 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 17.59. This value is in the oversold territory.

 

[Martin Kay]

EUR/GBP DAILY as of Thursday, 30 January, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / British Pound
Sell Target: 0.8241
Sell Stop: 0.8258
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

Euro Dollar / British Pound broke below the downside support level of 0.83, 9 day(s) ago. This is a bearish sign. This previous support level of 0.83 now provide upside resistance. Prices having only declined 0.04% since the breakout.
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.
A 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 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has decreased 0.04%, and has been fluctuating from a high of 0.825 to a low of 0.824 and MACD is currently not Overbought or Oversold.
Directional Movement Indicators (DMI) currently is not indicating any specific price direction.
SAR signal was a Sell 9 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / British Pound is Very Bearish
Euro Dollar / British Pound closed above the lower Bollinger Band by 34.6%. Bollinger Bands are 16.27% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 30/01/14. This is usually a trade set-up opportunity. Elliott Waves High Volatility has detected an Isolated High at 0.83 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

Euro Dollar / British Pound is long term Bearish as the 144 days moving average of 0.84 is decreasing. The Relative Strength Index is at 44.68 in the neutral territory. The Relative Momentum Index is at 36.82 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 69.59. 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]

AUD/USD DAILY as of Thursday, 06 February, 2014

*** 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.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 13 February, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3648
Buy Stop: 1.3565
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 26 white candles versus 24 black candles with a net of 2 white candles.
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, Euro Dollar / US Dollar's price has decreased 0.05%, and has been fluctuating from a high of 1.368 to a low of 1.355. MACD is currently not Overbought or Oversold.
No divergence signals has detected during the last 5 periods.
Stochastic signal was a Buy 5 Period(s) Ago.
ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 35.9%. Bollinger Bands are 36.55% 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.
Elliott Waves High Volatility has detected an Isolated Low at 1.36 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 1.35 is increasing. The Relative Strength Index is at 52.00 in the neutral territory. The Relative Momentum Index is at 52.02 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 81.14. This value is in the overbought territory.

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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 20 February, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3734
Sell Stop: 1.3775
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 3 black candles with a net of 3 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 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.85%, and has been fluctuating from a high of 1.377 to a low of 1.355.
Currently, the Momentum Oscillator is in 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.
SAR signal was a Buy 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 12.7%. Bollinger Bands are 18.58% 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 20/02/14. 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 1.35 is increasing. The Relative Strength Index is at 61.56 in the neutral territory. The Relative Momentum Index is at 63.00 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 91.56. This value is in the overbought territory.


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, 27 February, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3696
Buy Stop: 1.3666
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 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 14 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.37%, and has been fluctuating from a high of 1.377 to a low of 1.355.
ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 39.2%. Bollinger Bands are 13.84% 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 27/02/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated Low at 1.37 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 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.35 is increasing. The Relative Strength Index is at 52.37 in the neutral territory. The Relative Momentum Index is at 60.41 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 32.05. This value is in the neutral territory.

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

 

[syai77]

Sir, can you predict the movement of gold???

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 06 March, 2014

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6710
Sell Stop: 1.6734
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 26 white candles versus 23 black candles with a net of 3 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is 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 0.34%, and has been fluctuating from a high of 1.674 to a low of 1.664. The MACD is currently not Overbought or Oversold.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 16 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 30.4%. Bollinger Bands are 20.64% 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 06/03/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.67 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 3
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.62 is increasing. The Relative Strength Index is at 60.55 in the neutral territory. The Relative Momentum Index is at 68.73 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 31.76. This value is in the neutral territory.


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

 

[Martin Kay]

EUR/JPY DAILY as of Thursday, 13 March, 2014

*** 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.

 

[Martin Kay]

EUR/JPY DAILY as of Thursday, 20 March, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / Japanese Yen
Buy Target: 141.7127
Buy Stop: 141.1343
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 26 white candles versus 24 black candles with a net of 2 white candles.
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, Euro Dollar / Japanese Yen's price has increased 0.21%, and has been fluctuating from a high of 141.952 to a low of 140.737. Currently the MACD is not Overbought or Oversold range and no divergence signals occurred during the last 5 periods.
ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 10 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 44.1%. Bollinger Bands are 7.63% 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 20/03/14. 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 1
Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 137.71 is increasing. The Relative Strength Index is at 52.52 in the neutral territory. The Relative Momentum Index is at 55.23 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.66, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 14.97. This value is in the oversold territory.

Euro Dollar / Japanese Yen is currently 4.4% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bullish on EURJPY and have had this outlook for the last 19 periods.

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

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 27 March, 2014

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6573
Sell Stop: 1.6595
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 25 white candles versus 22 black candles with a net of 3 white candles.
A hammer has formed which has a long lower shadow and closes near the high. Hammers must appear after a significant decline or when prices are oversold(which is the case with British Pound / US Dollar) to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A hanging man has formed which has a very long lower shadow and a small real body. This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend(which is the case with British Pound / US Dollar) it is called a bullish hammer.A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three 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 13 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.31%, and has been fluctuating from a high of 1.672 to a low of 1.647. The MACD is currently not in an Overbought/Oversold range.
Stochastic BUY signal was generated today. The Stochastic indicator is currently generating a BUY signal against the direction of the major trend.
ADX is currently below both Plus and Minus Directional indicators. Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Sell 13 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 39.7%. Bollinger Bands are 33.20% 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 27/03/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.66 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 3
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.63 is increasing. The Relative Strength Index is at 49.86 in the neutral territory. The Relative Momentum Index is at 44.19 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 76.47. This value is in the overbought territory.

British Pound / US Dollar is currently 3.3% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Tend forecasting oscillators are currently bearish on GBPUSD and have had this outlook for the last 8 periods.

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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 03 April, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3767
Buy Stop: 1.3753
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 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 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 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.16%, and has been fluctuating from a high of 1.387 to a low of 1.370. The MACD is currently not in an Overbought/Oversold range.
Stochastic signal was a Buy 2 Period(s) Ago.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction..
SAR signal was a Sell 10 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 above the lower Bollinger Band by 21.7%. Bollinger Bands are 33.50% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
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 03/04/14. 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!
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 1.36 is increasing. The Relative Strength Index is at 47.12 in the neutral territory. The Relative Momentum Index is at 50.39 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 45.60. This value is in the neutral territory.

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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 10 April, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3855
Sell Stop: 1.3879
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

Euro Dollar / US Dollar broke above the upside resistance level of 1.38, 1 day ago. This is a bullish sign. This previous resistance level of 1.38 may now provide downside support. Prices having only risen 0.10% since the breakout, the validity of the breakout is questionable. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy trading) would be a bearish sign.
A 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 21 black candles with a net of 7 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 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 1.387 to a low of 1.385.
Stochastic Oscillator is currently above 80. This is an indication of "overbought". Stochastic 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.
Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
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
With strong confirmation from the short term-trend and a current Buy signal. The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 25.5%. Bollinger Bands are 27.06% 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 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 1.36 is increasing. The Relative Strength Index is at 58.91 in the neutral territory. The Relative Momentum Index is at 55.22 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.

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

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 17 April, 2014

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.6801
Sell Stop: 1.6864
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 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 25 white candles versus 22 black candles with a net of 3 white candles.
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 0.99%, and has been fluctuating from a high of 1.684 to a low of 1.656. MACD is not Overbought/Oversold.
Stochastic Oscillator is above 80. This is an "overbought" condition.
Currently the RSI does not show any Failure Swings. The price of British Pound / US Dollar has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.
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 7.2%. Bollinger Bands are 4.48% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
The present wave patterns are:
fast amplitude (8%): bullish wave 3
British Pound / US Dollar is long term Bullish as the 144 days moving average of 1.64 is increasing. The Relative Strength Index is at 66.72 in the neutral territory. The Relative Momentum Index is at 69.06 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 76.43. This value is in the overbought territory.
British Pound / US Dollar is currently 4.1% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bullish on GBPUSD and have had this outlook for the last 5 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.


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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 24 April, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3812
Sell Stop: 1.3824
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

Euro Dollar / US Dollar broke above the upside resistance level of 1.38, two days ago. This is a bullish sign. This previous resistance level of 1.38 now provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy trading) would be a bearish sign.
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.
A inverted hammer has formed. If this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar.A long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend(which is the case with Euro Dollar / US Dollar) the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MACD is BEARISH as the MACD is below the signal line. The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.16%, and has been fluctuating from a high of 1.385 to a low of 1.378.The MACD is currently not in an Overbought/Oversold range.
Stochastic signal was a Buy 12 Period(s) Ago.
ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
SAR signal was a Buy 11 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 40.1%. Bollinger Bands are 46.21% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 7 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 24/04/14. This is usually a trade set-up opportunity.
Elliott Waves High Volatility has detected an Isolated High at 1.39 one bar ago; this is usually a bearish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.37 is increasing. The Relative Strength Index is at 51.99 in the neutral territory. The Relative Momentum Index is at 55.25 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 26.89. This value is in the oversold territory.

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

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 01 May, 2014

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

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

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