Reply to thread

Message: [QUOTE="Martin Kay, post: 100042, member: 25911"] [B][U]Weekly US Dollar / Japanese Yen-USDJPY[/U][I][U]As of 08/04/16[/U][/I][/B] A [I]black body[/I] has formed as prices closed lower than open. The previous 10 [B]candlestick bars[/B], there are 4 white candles versus 6 black candles with a net of 2 black candles. The previous 50 [B]candlestick bars[/B], there are 24 white candles versus 26 black candles with a net of 2 black candles. [B]MACD[/B] is [B]BEARISH[/B] as the [B]MACD[/B] is below the signal line. The [B]MACD[/B] [B]crossed [/B]below the signal line 17 week(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased10.70%, and has been fluctuating from a high of 123.538 to a low of 107.675. The [B]MACD[/B] is currently not in an Overbought/Oversold range. There have been no [B]divergence [/B]signals during the last 5 periods. The [B]Stochastic Oscillator [/B]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 Buy4 Week(s) Ago. The [B]RSI[/B] is below 30. This is where it usually bottoms. The [B]RSI[/B] usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the [B]RSI[/B] moves out of an overbought/oversold area. The last signal was a Sell 43 week(s) ago. The [B]RSI[/B] has just reached its lowest value in the last 14 week(s). This is [B]BEARISH[/B]signal. Currently, the [B]Momentum Oscillator[/B] does not show an overbought or oversold condition. The last [B]Directional Movement Indicators (DMI)[/B] signal was a [B]SELL[/B]32 week(s) ago. There were no [B]SAR[/B] signals generated today. The last [B]SAR[/B] signal was a [B]Sell[/B]13 week(s) ago. The close is currently [B]ABOVE[/B] its 200 weekly moving average [B]BELOW[/B] its 50 weekly moving average [B]BELOW[/B] its 20 weekly moving average The current market condition for US Dollar / Japanese Yen is [B]Mildly Bullish[/B] US Dollar / Japanese Yen closed below the lower [B]Bollinger Band[/B] by 0.3%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. [B]Bollinger Bands[/B] are 83.02% wider than normal. [/QUOTE]

Verification

Top Bottom