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Message: [QUOTE="Martin Kay, post: 125838, member: 25911"] [B][U]US Dollar / Japanese Yen-USDJPY [/U][I][U]As of 12/04/17[/U][/I][/B] [B]*** [U]Intra-Daily Trading Strategy[/U]:[/B] [B]BUY US Dollar / Japanese Yen[/B] [B]Buy Target[/B]: 109.5210 [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]black body[/I] has formed as prices closed lower than open. The previous 10 [B]candlestick bars[/B], there are 3 white candles versus 6 black candles with a net of 3 black candles. The previous 50 [B]candlestick bars[/B], there are 20 white candles versus 29 black candles with a net of 9 black candles. Three black candles has formed during the last three bars. Although these candles were not big enough to create [I]three black crows[/I], the steady downward pattern is bearish.[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 18 day(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.39%, and has been fluctuating from a high of 113.490 to a low of 108.843. 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 Buy 9 Day(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 77 day(s) ago. The [B]RSI[/B] has just reached its lowest value in the last 14 day(s). This is [B]BEARISH[/B] signal. Currently, the [B]Momentum Oscillator[/B] does not show an overbought or oversold condition. The [B]Directional Movement Indicators (DMI)[/B] currently is not indicating a specific price direction. Because this is a trend following system, it should [B]not[/B] use to initiate any trades right now. The last [B]Directional Movement Indicators (DMI)[/B] signal was a [B]SELL[/B] 64 day(s) ago. There were no [B]SAR[/B] signals generated today. The last [B]SAR[/B] signal was a [B]Sell[/B] 3 day(s) ago. The close is currently [B]BELOW[/B] its 200 daily moving average [B]BELOW[/B] its 50 daily moving average [B]BELOW[/B] its 20 daily moving average The current market condition for US Dollar / Japanese Yen is [B]Very Bearish[/B] US Dollar / Japanese Yen closed below the lower [B]Bollinger Band[/B] by 8.3%. 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 30.25% 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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