Daily Technical analysis

[Martin Kay]

EUR/USD DAILY as of Thursday, 25 September, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 24/09/14

Volatility Analysis
On 24/09/14, Euro Dollar / US Dollar closed down -0.0075 at 1.2776

Period Statistical Change
10-period 8.1419 0.56
21-period 9.1393 0.20
39-period 7.4215 0.14
90-period 5.7462 0.09

Bollinger Bands are 61.98% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 14.2000. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 27.78.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -181.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 9 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 6 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 101 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 270 period(s) ago.

MACD Trend Signal
A MACD Trend Sell signal was generated today.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.

With strong confirmation from the short term trend and a current Sell signal.
Euro Dollar / US Dollar(EURUSD) Analysis of activity through 24/09/14
close: 1.2776

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.2995. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2995. Be prepared for a potential short term price pull back to the 1.2986 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.2774
If Short -- exit all contracts at ... 1.3154

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 02 October, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 01/10/14

Volatility Analysis
On 01/10/14, Euro Dollar / US Dollar closed down -0.0012 at 1.2618

Period Statistical Change
10-period 7.0657 -0.88
21-period 9.1985 -0.04
39-period 7.4520 0.00
90-period 5.8409 -0.02

Bollinger Bands are 50.87% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 18.0594. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 14 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 21.75.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -126.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 14 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 106 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 275 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 5 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 10 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 01/10/14
close: 1.2618

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.2929. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2995. Be prepared for a potential short term price pull back to the 1.2833 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.2571
If Short -- exit all contracts at ... 1.2995

 

[Martin Kay]

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

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2656
Sell Stop: 1.2828
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 22 white candles versus 27 black candles with a net of 5 black 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 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.51%, and has been fluctuating from a high of 1.275 to a low of 1.258.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 69 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 2 period(s) ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
The RSI has set a new 14-period high while the price of Euro Dollar / US Dollar has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 69 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 1 period(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 42.9%. Bollinger Bands are 84.71% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 16 October, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 15/10/14

Volatility Analysis
On 15/10/14, Euro Dollar / US Dollar closed up 0.0184 at 1.2821

Period Statistical Change
10-period 14.8693 2.44
21-period 12.2549 1.75
39-period 10.6389 1.09
90-period 7.6305 0.64

Bollinger Bands are 23.53% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 57.1218. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 51.78.This is not a topping or bottoming area. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 177.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 7 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 6 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 116 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 285 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 15 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 6 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 15/10/14
close: 1.2821

Be prepared for a potential short term price fall back to the 1.2756 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.2885. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2885.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 23 October, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 22/10/14

Volatility Analysis
On 22/10/14, British Pound / US Dollar closed down -0.0067 at 1.6043

Period Statistical Change
10-period 9.7639 -0.29
21-period 9.2773 0.04
39-period 10.1369 0.04
90-period 7.3471 0.01

Bollinger Bands are 11.07% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 71.7620. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 42.54.This is not a topping or bottoming area. The last signal was a buy 12 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -11. This is not a topping or bottoming area.The last signal was a buy 4 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 15 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 526 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 6 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


British Pound / US Dollar(GBPUSD) Analysis of activity through 22/10/14
close: 1.6043

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.6184. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6226. Be prepared for a potential short term price pull back to the 1.6156 area.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 30 October, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 29/10/14

Volatility Analysis
On 29/10/14, British Pound / US Dollar closed down -0.0129 at 1.6012

Period Statistical Change
10-period 7.7907 1.15
21-period 9.7493 0.49
39-period 9.9357 -0.05
90-period 7.5320 0.15

Bollinger Bands are 38.17% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 51.9435. This is not an overbought or oversold reading. The last signal was a sell 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 41.89.This is not a topping or bottoming area. The last signal was a buy 17 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -16. This is not a topping or bottoming area.The last signal was a buy 9 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 9 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 20 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 531 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 11 period(s) Ago.

Stop and Reverse (SAR)
An SAR Sell signal was generated today. If you are long, this might be a good place to exit.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.

With strong confirmation from the short term trend and a current Sell signal.
British Pound / US Dollar(GBPUSD) Analysis of activity through 29/10/14
close: 1.6012

The current trend is down and all orders on the short side may be considered. Market activity analysis suggests that short trades put on outside of the +S+ focus zone have a lower probabilty of success than those placed in those zones highlighted on the expert ribbon.
If already holding short positions, we would look to take partial profits at any retracement to 1.6184. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6184. Be prepared for a potential short term price pull back to the 1.6144 area.

 

[Martin Kay]

XAU/USD DAILY as of Thursday, 06 November, 2014
VIT Daily Analysis

Review of Gold / US Dollar (XAUUSD)
as of 05/11/14

Volatility Analysis
On 05/11/14, Gold / US Dollar closed down -27.2900 at 1,141.7100

Period Statistical Change
10-period 17.0004 2.96
21-period 17.1856 2.36
39-period 16.2859 1.36
90-period 14.7181 0.69

Bollinger Bands are 97.40% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 8.1963. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 14 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 20.34.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 22 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -151.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 10 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 5 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 9 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 5 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 7 period(s) ago.

Summary
The current market condition for Gold / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Gold / US Dollar(XAUUSD)

Analysis of activity through 05/11/14
close: 1,141.7100

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1,234.9800. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1,254.7800. Be prepared for a potential short term price pull back to the 1,191.3215 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 11 November, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2486
Buy Stop: 1.2361
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 24 white candles versus 25 black candles with a net of 1 black 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 decreased 0.75%, and has been fluctuating from a high of 1.261 to a low of 1.236.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 92 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 25 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 14 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 13 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 12.3%. Bollinger Bands are 78.24% wider than normal.

 

[Martin Kay]

XAU/USD DAILY as of Thursday, 13 November, 2014

VIT Daily Analysis

Review of Gold / US Dollar (XAUUSD)
as of 12/11/14

Volatility Analysis
On 12/11/14, Gold / US Dollar closed down -4.8400 at 1,157.3500

Period Statistical Change
10-period 29.7107 -0.46
21-period 22.3863 -0.01
39-period 19.3590 -0.09
90-period 16.5135 -0.07

Bollinger Bands are 137.57% wider than normal. Gold / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 56.6494. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 36.09.This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -51. This is not a topping or bottoming area.The last signal was a buy 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 10 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 14 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 10 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 12 period(s) ago.

Summary
The current market condition for Gold / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Gold / US Dollar(XAUUSD) Analysis of activity through 12/11/14
close: 1,157.3500

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1,202.5800. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1,234.9800. Be prepared for a potential short term price pull back to the 1,176.6482 area.

 

[Martin Kay]

GBP/USD DAILY as of Wednesday, 19 November, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 18/11/14

Volatility Analysis
On 18/11/14, British Pound / US Dollar closed down -0.0003 at 1.5632

Period Statistical Change
10-period 7.6493 -0.25
21-period 6.9373 -0.32
39-period 8.3989 -0.06
90-period 7.8377 -0.04

Bollinger Bands are 42.21% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 15.3992. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 28.40.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 31 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -130.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 9 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 545 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 8 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 14 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Analysis of activity through 18/11/14
close: 1.5632

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.6001. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6021. Be prepared for a potential short term price pull back to the 1.5860 area.

 

[Martin Kay]

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

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2500
Sell Stop: 1.2637
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 24 black candles with a net of 1 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 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.10%, and has been fluctuating from a high of 1.260 to a low of 1.240.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 99 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 32 period(s) ago.
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
The RSI has set a new 14-period high while the price of Euro Dollar / US Dollar has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 21 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 3 period(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 49.7%. Bollinger Bands are 31.29% wider 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]

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

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 26/11/14

Volatility Analysis
On 26/11/14, British Pound / US Dollar closed up 0.0065 at 1.5786

Period Statistical Change
10-period 4.8793 -2.01
21-period 7.2366 0.28
39-period 8.6144 0.11
90-period 7.9846 0.06

Bollinger Bands are 13.18% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 83.9322. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 45.10.This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 20. This is not a topping or bottoming area.The last signal was a buy 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 1 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 15 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 551 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 14 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


British Pound / US Dollar(GBPUSD)

Analysis of activity through 26/11/14
close: 1.5786

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.5805. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.5944. Be prepared for a potential short term price pull back to the 1.5802 area.

 

[Martin Kay]

AUD/USD DAILY as of Thursday, 04 December, 2014

*** Intra-Daily Trading Strategy: SELL Australian Dollar / US Dollar
Sell Target: 0.8373
Sell Stop: 0.8498
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 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 2.15%, and has been fluctuating from a high of 0.870 to a low of 0.839.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 79 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 42 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 23 period(s) ago.
There were no SAR signals generated today. The last 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 Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar closed below the lower Bollinger Band by 1.3%. 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 43.96% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 09 December, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2356
Buy Stop: 1.2205
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 24 white candles versus 25 black candles with a net of 1 black candles.
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 0.05%, and has been fluctuating from a high of 1.246 to a low of 1.225.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 112 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 45 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 34 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 11 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 7.7%. Bollinger Bands are 1.98% wider 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]

EUR/USD DAILY as of Thursday, 11 December, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 10/12/14

Volatility Analysis
On 10/12/14, Euro Dollar / US Dollar closed up 0.0092 at 1.2486

Period Statistical Change
10-period 10.7326 0.99
21-period 10.5160 0.34
39-period 9.9225 0.32
90-period 9.7142 0.14

Bollinger Bands are 18.69% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 66.9130. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 51.52.This is not a topping or bottoming area. The last signal was a buy 47 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 42. This is not a topping or bottoming area.The last signal was a buy 1 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 0 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 8 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 36 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 5 period(s) Ago.

Stop and Reverse (SAR)
An SAR Buy signal was generated today. If you are short, this might be a good place to exit.

Summary
The current market condition for Euro Dollar / US Dollar is: Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently above its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 10/12/14
close: 1.2486

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.2506. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2531. Be prepared for a potential short term price pull back to the 1.2490 area.

 

[Martin Kay]

AUD/USD WEEKLY as of Monday, 15 December, 2014

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 25 white candles versus 25 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 18 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 11.04%, and has been fluctuating from a high of 0.940 to a low of 0.822.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 23 Period(s) Ago.
The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 4 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator is in an oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 37 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 18 period(s) ago.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar closed above the lower Bollinger Band by 3.9%. Bollinger Bands are 45.65% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 18 December, 2014

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2266
Sell Stop: 1.2585
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 big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 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 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.20%, and has been fluctuating from a high of 1.252 to a low of 1.232.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Sell 119 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 52 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 41 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 5 period(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 20.0%. Bollinger Bands are 4.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 25 December, 2014

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5570
Buy Stop: 1.5476
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 3 white candles versus 6 black candles with a net of 3 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black 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 / US Dollar's price has increased 0.15%, and has been fluctuating from a high of 1.561 to a low of 1.549.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 147 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 25 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 156 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 4 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 8.2%. Bollinger Bands are 28.47% 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]

EUR/USD DAILY as of Tuesday, 30 December, 2014

Euro Dollar / US Dollar-EURUSD
As of 29/12/14
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2121
Sell Stop: 1.2249
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black 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 decreased 0.63%, and has been fluctuating from a high of 1.230 to a low of 1.214.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 127 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 60 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 49 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 7 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 11.9%. Bollinger Bands are 46.01% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 01 January, 2015

The present wave patterns are:

iFast amplitude (1%): bearish wave 3

iNormal amplitude (3%): bearish wave 1

iSlow amplitude (5%): bearish wave 1

Euro Dollar / US Dollar is long term Bearish as the 144 bars moving average of 1.28 is decreasing. The Relative Strength Index is at 33.39 in the neutral territory. The Relative Momentum Index is at 21.88 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 3.15. This value is in the oversold territory.


Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Summary

Euro Dollar / US Dollar is currently 8.1% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Trend forecasting oscillators are currently bearish on EURUSD and have had this outlook for the last 8 periods.