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Message: [QUOTE="Martin Kay, post: 100106, member: 25911"] [B][U]Euro Dollar / US Dollar-EURUSD [/U][I][U]As of 11/04/16[/U][/I][/B] [B]*** [U]Intra-Daily Trading Strategy[/U]:BUY Euro Dollar / US Dollar[/B] [B]Buy Target[/B]: 1.1448 [B]Enter New BUY on [U]OPEN[/U] and exit BUY positions at [U]Target price[/U] or at [U]Stop price[/U]. [/B] [B][I](NOTE: Adjust Stop Loss Price according to your trading risk.)[/I][/B] [I][U]Do not reverse[/U][/I] after exiting. This is a recommendation for [B][U]INTRA-DAY TRADING[/U][/B] only!!!!! A [I]white body has[/I] formed as prices closed higher than open. The previous 10 [B]candlestick bars[/B], there are 7 white candles versus 3 black candles with a net of 4 white candles. The previous 50 [B]candlestick bars[/B], there are 24 white candles versus 25 black candles with a net of 1 black candles. A [I]spinning top[/I] has formed which is a candle with a small real body. [I]Spinning tops[/I] 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 [I]spinning top[/I] can be a sign that prices are losing momentum and the bulls may be in trouble.[B]MACD[/B] is [B]BULLISH[/B] as the [B]MACD[/B] is above the signal line. The [B]MACD[/B] [B]crossed [/B]above the signal line 22 day(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.13%, and has been fluctuating from a high of 1.145 to a low of 1.082. 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 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 83 Day(s) Ago. The [B]RSI[/B] is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the [B]RSI[/B] moves out of an overbought/oversold area. The last signal was a Sell 41 day(s) ago. Currently the [B]RSI[/B] does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period high while the [B]RSI[/B] has not. This is a [B]BEARISH DIVERGENCE[/B]. 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]71 day(s) ago. There were no [B]SAR[/B] signals generated today. The last[B] SAR[/B] signal was a [B]Buy[/B]18 day(s) Ago. The close is currently [B]ABOVE[/B] its 200 daily moving average [B]ABOVE[/B] its 50 daily moving average [B]ABOVE[/B] its 20 daily moving average The current market condition for Euro Dollar / US Dollar is [B]Very Bullish[/B] Euro Dollar / US Dollar closed below the upper [B]Bollinger Band[/B] by 18.0%. [B]Bollinger Bands[/B] are 15.70% narrower than normal. The current width of the [B]Bollinger Bands[/B] (alone) does not suggest anything conclusive about the future volatility or movement of prices. [/QUOTE]

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