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Message: [QUOTE="Martin Kay, post: 100910, member: 25911"] [B][U]Weekly US Dollar / Japanese Yen-USDJPY [/U][I][U]As of 22/04/16[/U][/I][/B] [B]*** [U]Intra-Weekly Trading Strategy[/U]:BUY US Dollar / Japanese Yen[/B] [B]Buy Target[/B]: 113.0870 [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]big [/I]bullish [I]white candle has[/I] formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout. The previous 10 [B]candlestick bars[/B], there are 6 white candles versus 4 black candles with a net of 2 white candles. The previous 50 [B]candlestick bars[/B], there are 25 white candles versus 25 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 19 week(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased7.62%, and has been fluctuating from a high of 123.538 to a low of 107.632. 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 Buy6 Week(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 Buy 1 week(s) ago. Currently the [B]RSI[/B] does not show any Failure Swings. The [B]RSI[/B] and price of US Dollar / Japanese Yen are not diverging. 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]34 week(s) ago. There were no [B]SAR[/B] signals generated today. The last [B]SAR[/B] signal was a [B]Sell[/B]15 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 above the lower [B]Bollinger Band[/B] by 28.3%. [B]Bollinger Bands[/B] are 73.35% wider than normal. [/QUOTE]

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