Daily Technical analysis

[Martin Kay]

EUR/USD DAILY as of Thursday, 08 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 07/01/15

Volatility Analysis
On 07/01/15, Euro Dollar / US Dollar closed down -0.0040 at 1.1834

Period Statistical Change
10-period 4.8401 -0.55
21-period 9.1052 -0.64
39-period 9.9449 -0.11
90-period 10.3921 -0.00

Bollinger Bands are 76.53% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 10.3870. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 15 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 22.51.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 67 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -168.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 sell 13 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 13 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 56 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 13 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 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.


Analysis of activity through 07/01/15
close: 1.1834

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 1.2220. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2252. Be prepared for a potential short term price pull back to the 1.2064 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 12 January, 2015

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 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 20 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 13.97%, and has been fluctuating from a high of 121.680 to a low of 102.242.
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 above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 113 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 68 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 period(s) ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 27.5%. Bollinger Bands are 181.52% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 13 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 12/01/15

Volatility Analysis
On 12/01/15, Euro Dollar / US Dollar closed down -0.0009 at 1.1829

Period Statistical Change
10-period 5.9813 0.12
21-period 7.6123 -0.67
39-period 9.5243 -0.33
90-period 9.9522 -0.03

Bollinger Bands are 80.59% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 25.6510. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 26.03.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 70 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -89. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 16 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 16 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 59 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 16 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 17 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.


Analysis of activity through 12/01/15
close: 1.1829

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 1.2169. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2220. Be prepared for a potential short term price pull back to the 1.1962 area.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 15 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 14/01/15

Volatility Analysis
On 14/01/15, Euro Dollar / US Dollar closed up 0.0007 at 1.1783

Period Statistical Change
10-period 5.8692 0.24
21-period 6.9786 -0.66
39-period 9.5524 0.00
90-period 9.9302 0.00

Bollinger Bands are 65.20% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 30.7384. 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 24.79.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 72 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -83. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 18 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 18 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 61 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 18 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 19 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.


Analysis of activity through 14/01/15
close: 1.1783

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 1.2087. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2187. Be prepared for a potential short term price pull back to the 1.1911 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 20 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 19/01/15

Volatility Analysis
On 19/01/15, Euro Dollar / US Dollar closed up 0.0020 at 1.1591

Period Statistical Change
10-period 8.3338 0.49
21-period 6.8191 0.19
39-period 9.3829 -0.10
90-period 10.2033 0.02

Bollinger Bands are 91.57% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 28.1221. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 20.32.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 75 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 21 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 21 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 64 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 21 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 22 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.


Analysis of activity through 19/01/15
close: 1.1591

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 1.1896. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2087. Be prepared for a potential short term price pull back to the 1.1792 area.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 22 January, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1688
Buy Stop: 1.1479
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 20 white candles versus 30 black candles with a net of 10 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 23 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 4.92%, and has been fluctuating from a high of 1.230 to a low of 1.146.
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 144 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 77 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 is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 66 period(s) ago.
A SAR Buy signal generated today. If you are short, this might be a good place to exit.
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 20.7%. Bollinger Bands are 151.14% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 27 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 26/01/15

Volatility Analysis
On 26/01/15, Euro Dollar / US Dollar closed up 0.0049 at 1.1248

Period Statistical Change
10-period 17.2750 0.79
21-period 12.8165 0.45
39-period 12.4001 0.13
90-period 11.4268 0.04

Bollinger Bands are 131.87% wider than normal. Euro Dollar / 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 16.3635. 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 21.16.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 80 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -160.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 26 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 26 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 69 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 26 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 2 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.


Analysis of activity through 26/01/15
close: 1.1248

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 1.1845. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1871. Be prepared for a potential short term price pull back to the 1.1574 area.

 

[Martin Kay]

USD/JPY DAILY as of Thursday, 29 January, 2015

VIT Daily Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 28/01/15

Volatility Analysis
On 28/01/15, US Dollar / Japanese Yen closed down -0.3400 at 117.4720

Period Statistical Change
10-period 15.3151 -0.02
21-period 12.9076 -0.50
39-period 14.6735 0.02
90-period 13.6888 0.00

Bollinger Bands are 35.01% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 45.7495. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 45.56.This is not a topping or bottoming area. The last signal was a sell 36 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -29. This is not a topping or bottoming area.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 sell 0 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 21 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 30 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 38 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 11 period(s) ago.

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


Analysis of activity through 28/01/15
close: 117.4720
The current trend is up and all orders on the long side may be considered.
If already holding long positions, we would look to partial profits on any retracement to 115.8480. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 115.8480. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
Be prepared for a potential short term price pull back to the 118.3637 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 03 February, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 02/02/15

Volatility Analysis
On 02/02/15, Euro Dollar / US Dollar closed up 0.0066 at 1.1339

Period Statistical Change
10-period 19.6996 0.48
21-period 14.8124 0.37
39-period 12.7052 -0.04
90-period 11.8405 0.08

Bollinger Bands are 90.81% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 58.7097. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 33.89.This is not a topping or bottoming area.However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. The last signal was a buy 0 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 4 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 31 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 74 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 31 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 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.


Analysis of activity through 02/02/15
close: 1.1339

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 1.1677. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1677. Be prepared for a potential short term price pull back to the 1.1499 area.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 05 February, 2015

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 04/02/15

Volatility Analysis
On 04/02/15, British Pound / US Dollar closed up 0.0044 at 1.5182

Period Statistical Change
10-period 9.5065 0.15
21-period 7.7655 -0.59
39-period 9.2577 0.07
90-period 8.8007 0.03

Bollinger Bands are 43.61% narrower than normal. British Pound / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 52.3417. This is not an overbought or oversold reading. The last signal was a buy 17 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 48.25.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 127.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 13 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 31 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 601 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 9 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 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 10/11/14
close: 1.5850

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 1.6161. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6182. Be prepared for a potential short term price pull back to the 1.6018 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 10 February, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1367
Buy Stop: 1.1230
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 19 white candles versus 31 black candles with a net of 12 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is 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 1.12%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 157 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 5 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 79 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 12 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 33.7%. Bollinger Bands are 77.72% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 12 February, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1360
Buy Stop: 1.1253
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 20 white candles versus 30 black candles with a net of 10 black candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.06%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 159 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 7 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 81 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 14 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 38.5%. Bollinger Bands are 33.80% 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]

USD/JPY WEEKLY as of Monday, 16 February, 2015

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 31 white candles versus 19 black candles with a net of 12 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.85%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 118 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 Sell 5 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 73 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 8 period(s) ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 35.0%. Bollinger Bands are 109.41% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 17 February, 2015

Euro Dollar / Australian Dollar is long term Bullish as the 144 bars moving average of 1.46 is increasing. The Relative Strength Index is at 52.59 in the neutral territory. The Relative Momentum Index is at 55.53 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 39.19. This value is in the neutral territory.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Euro Dollar / Australian Dollar is currently 0.8% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Trend forecasting oscillators are currently bullish on EURAUD and have had this outlook for the last 7 periods.

 

[Martin Kay]

EUR/USD DAILY as of Thursday, 19 February, 2015

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1350
Sell Stop: 1.1464
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 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 17 white candles versus 33 black candles with a net of 16 black candles.
A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.49%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 164 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 12 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 86 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 below the upper Bollinger Band by 27.4%. Bollinger Bands are 33.90% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Euro Dollar / US Dollar is currently 10.7% 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 43 periods.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 23 February, 2015

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 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.06%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 Sell 6 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 74 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
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 35.5%. Bollinger Bands are 98.34% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 24 February, 2015

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1287
Sell Stop: 1.1431
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 17 white candles versus 33 black candles with a net of 16 black 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 decreased 1.09%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 167 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 15 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 89 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 38.5%. Bollinger Bands are 46.76% 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 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 26 February, 2015

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 25/02/15

Volatility Analysis
On 25/02/15, British Pound / US Dollar closed up 0.0076 at 1.5525

Period Statistical Change
10-period 7.3998 0.10
21-period 8.0452 -0.10
39-period 9.6193 0.12
90-period 8.4847 0.03

Bollinger Bands are 29.54% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 86.4865. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 32 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 64.93.This is not a topping or bottoming area. The last signal was a buy 22 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 140.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 28 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 46 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 616 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 24 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 British Pound / 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.


Analysis of activity through 25/02/15
close: 1.5525
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 1.5316. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 1.5197. Be prepared for a potential short term price fall back to the 1.5346 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 02 March, 2015

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 32 white candles versus 18 black candles with a net of 14 white candles.
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, US Dollar / Japanese Yen's price has increased 1.53%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 120 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 Sell 7 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 75 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 10 period(s) ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 34.0%. Bollinger Bands are 74.89% wider than normal.

 

[Martin Kay]

USD/JPY DAILY as of Thursday, 05 March, 2015

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 119.4620
Sell Stop: 119.9940
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.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, US Dollar / Japanese Yen's price has increased 0.44%, and has been fluctuating from a high of 120.471 to a low of 117.161.
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 Buy 33 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 Sell 61 period(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen 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 18 period(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 27.2%. Bollinger Bands are 42.90% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 0 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.