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Daily Technical Analysis

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Re: Daily Technical Analysis

Postby john » Mon Jul 01, 2013 11:43 am

Thanks for sharing this information with us.The prejudice is fairly neutral in closest phrase but overall I still choose a favorable situation at this stage and cost is still making greater levels and peaks on everyday graph.
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Re: Daily Technical Analysis

Postby MartinKay » Thu Jul 04, 2013 6:18 am

EUR/USD DAILY as of Thursday, 04 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 04/07/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 04/07/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is currently BEARISH. The MACD is currently below the signal line with the MACD crossed below the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.99%, and has fluctuate from a high of 1.325 to a low of 1.293. RSI signal was a Sell 11 period(s) ago. Currently, the Momentum Oscillator is in an oversold condition.
Directional Movement Indicators (DMI) signal was a SELL 6 period(s) ago and SAR signal was a Sell 10 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
33 day(s) ago Euro Dollar / US Dollar has broke above the upside resistance level of 1.28. This is a bullish sign with this previous resistance level of 1.28 now providing downside support. Prices have risen some distance since breaking out--1.21%, thereby adding more validity to the breakout.
Euro Dollar / US Dollar closed above the lower Bollinger Band by 17.4%. Bollinger Bands are 31.78% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Please note that all wave counts are based on the high low price in this commentary!

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 04/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.29 one bar ago ; this is usually a bullish sign that is not to be used alone!
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.31 is increasing. The Relative Strength Index is at 41.98 in the neutral territory. The Relative Momentum Index is at 41.85 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.01, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 18.65. This value is in the oversold territory.


*** Intra-Daily Trading Strategy: BUY EURUSD
Buy Target: 1.3013
Buy Stop: 1.2969
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
Attachments
eur-d.png
eur-d.png (48.39 KiB) Viewed 862 times
eur-candle-d.png
eur-candle-d.png (34.58 KiB) Viewed 862 times
MartinKay
 
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Re: Daily Technical Analysis

Postby MartinKay » Mon Jul 08, 2013 7:31 am

EUR/USD DAILY as of Monday, 08 July, 2013
A Daily white body has formed (because prices closed higher than they opened).
For the past 10 Daily candlestick bars as of 08/07/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 08/07/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
A Daily spinning top has formed (a spinning top 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.
Euro Dollar / US Dollar broke below the up trendline at 1.28, one day ago. This is a bearish sign. This up trendline, currently with an ending point at 1.28, now provide upside resistance. Prices have declined 0.05% since the breakout.
MACD is currently BEARISH as the MACD is currently below the signal line. The MACD crossed below the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.26%, and has fluctuate from a high of 1.325 to a low of 1.281.
RSI signal was a Sell 13 period(s) ago. The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
SAR signal was a Sell 12 period(s) ago and 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
Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by our Elliott Waves High Volatility on 08/07/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.28 one bar ago ; this is usually a bullish sign
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 33.43 in the neutral territory. The Relative Momentum Index is at 34.71 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 0.00. This value is in the oversold territory.
Euro Dollar / US Dollar closed above the lower Bollinger Band by 6.7%. Bollinger Bands are 65.96% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 2 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.




*** Intra-Daily Trading Strategy: BUY EURUSD
Buy Target: 1.2835
Buy Stop: 1.2799
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
Attachments
eur-d.png
eur-d.png (47.94 KiB) Viewed 860 times
eur-candle-d.png
eur-candle-d.png (34.43 KiB) Viewed 860 times
MartinKay
 
Posts: 277
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Re: Daily Technical Analysis

Postby safnur » Wed Jul 10, 2013 2:45 am

I am trading with liteforex. They have own analytic. Besides they give wave analysis every week. Its very effective for traders.
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Re: Daily Technical Analysis

Postby MartinKay » Mon Jul 15, 2013 1:17 am

EUR/USD DAILY as of Monday, 15 July, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 12/07/2013, there are 4 white candles versus 6 black candles with a net of 2 black candles.
For the past 50 Daily candlestick bars as of 12/07/2013, there are 26 white candles versus 24 black candles with a net of 2 white candles.
A Daily 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 oversold).
MACD is currently BULLISH. The MACD is currently above the signal line. The MACD has just crossed above the signal line.
Directional Movement Indicators () signal was a BUY 2 period(s) ago.
SAR, Stochastic and DMI signal was a Buy 2 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar broke above the upside resistance level of 1.28, two day(s) ago. This is a bullish sign. This previous resistance level of 1.28 may now provide downside support. Prices have risen 0.35% since the breakout
On 12/07/2013, Euro Dollar / US Dollar closed above the lower Bollinger Band by 49.8%. Bollinger Bands are 47.03% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 6 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

Please note that all wave counts are based on the high low price in this commentary!

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 12/07/2013. This is usually a trade set-up opportunity
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 51.21 in the neutral territory. The Relative Momentum Index is at 43.56 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 94.00. This value is in the overbought territory.


*** Intra-Daily Trading Strategy: SELL EURUSD
Sell Target: 1.3011
Sell Stop: 1.3156
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.
This is a recommendation for INTRA-DAY TRADING only!!!!!
Attachments
eur-daily.png
eur-daily.png (48.63 KiB) Viewed 829 times
eur-candle-d.png
eur-candle-d.png (35.17 KiB) Viewed 829 times
MartinKay
 
Posts: 277
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Re: Daily Technical Analysis

Postby MartinKay » Mon Jul 22, 2013 5:35 am

EUR/USD DAILY as of Monday, 22 July, 2013
*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.3165
Buy Stop: 1.3061
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to our 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.
A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.54%, and has been fluctuating from a high of 1.317 to a low of 1.300.
The Stochastic Oscillator is currently above 80 indicating "overbought" condition. The last Stochastic signal was a Buy 7 Period(s) Ago.
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 BUY 7 period(s) ago.
The last SAR signal was a Buy 7 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 23.5%. Bollinger Bands are 3.25% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Attachments
eur-sar-w.png
eur-sar-w.png (47.03 KiB) Viewed 775 times
eur-candle-d.png
eur-candle-d.png (30.88 KiB) Viewed 775 times
MartinKay
 
Posts: 277
Joined: Mon Mar 25, 2013 3:16 am

Re: Daily Technical Analysis

Postby MartinKay » Mon Jul 29, 2013 1:53 am

EUR/USD DAILY as of Monday, 29 July, 2013
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3255
Sell Stop: 1.3317
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white 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 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.61%, and has been fluctuating from a high of 1.329 to a low of 1.300.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition
The RSI has just reached its highest value in the last 14 period(s). This is BULLISH signal.
The last Directional Movement Indicators (DMI) and SAR signal was a BUY 12 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 Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar broke above the upside resistance level of 1.32, 4 day(s) ago. This is a bullish sign. This previous resistance level of 1.32 now provide downside support. Prices having only risen 0.64% since the breakout. The most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.28. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.
Euro Dollar / US Dollar closed below the upper Bollinger Band by 12.4%. Bollinger Bands are 26.09% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Attachments
eur-daily2.png
eur-daily2.png (49.34 KiB) Viewed 747 times
eur-daily.png
eur-daily.png (37.02 KiB) Viewed 747 times
MartinKay
 
Posts: 277
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Re: Daily Technical Analysis

Postby MartinKay » Mon Aug 05, 2013 6:47 am

AUD/USD DAILY as of Monday, 05 August, 2013
*** Intra-Daily Trading Strategy: BUY Australian Dollar / US Dollar
Buy Target: 0.8910
Buy Stop: 0.8802
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 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 21 white candles versus 29 black candles with a net of 8 black candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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, Australian Dollar / US Dollar's price has decreased 1.05%, and has been fluctuating from a high of 0.906 to a low of 0.885.
The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition.
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

Directional Movement Indicators (DMI) signal was a SELL 8 period(s) ago and SAR signal was a Sell 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 Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar broke below the downside support level of 0.91, 3 day(s) ago. This is a bearish sign. This previous support level of 0.91 now provide upside resistance. Prices have declined 1.06% since the breakout.
Australian Dollar / US Dollar closed below the lower Bollinger Band by 2.5%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that Australian Dollar / US Dollar is in to continue. Bollinger Bands are 48.65% wider than normal.
Attachments
aud-daily2.png
aud-daily2.png (39.36 KiB) Viewed 741 times
aud-daily1.png
aud-daily1.png (52.01 KiB) Viewed 741 times
MartinKay
 
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Re: Daily Technical Analysis

Postby MartinKay » Mon Aug 12, 2013 7:49 am

GBP/USD WEEKLY as of Monday, 11 March, 2013
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black 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).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, British Pound / US Dollar's price has increased 1.47%, and has been fluctuating from a high of 1.557 to a low of 1.503.
Stochastic signal was a Sell 7 Period(s) Ago.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.
SAR signal was a Sell 6 period(s) ago.
The close is currently
BELOW its 200 weekly moving average
BELOW its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for British Pound / US Dollar is Bearish
British Pound / US Dollar closed below the upper Bollinger Band by 28.0%. Bollinger Bands are 31.56% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Attachments
gbp-weekly.png
gbp-weekly.png (50.33 KiB) Viewed 738 times
MartinKay
 
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Re: Daily Technical Analysis

Postby tradingmarket » Wed Aug 14, 2013 9:54 pm

Just want to give my 2 cents about EUR/USD

It's been so quiet in the past half-year that volatility is just supposed to explode real soon. I think autumn would be a catalyst for this to happen. Watch levels above 1.34 and below 1.27 as they may trigger a trend worth thousand of pips.
It's never late to learn something new about trading. Check My Homepage
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