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Daily Technical Analysis

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Re: Daily Technical Analysis

Postby MartinKay » Mon Aug 26, 2013 4:09 am

EUR/USD DAILY as of Monday, 26 August, 2013
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3375
Sell Stop: 1.3397
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 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 24 white candles versus 26 black candles with a net of 2 black 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.25%, and has been fluctuating from a high of 1.341 to a low of 1.330.
SAR signal was a Buy 4 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 19.2%. Bollinger Bands are 52.93% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 8 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
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Re: Daily Technical Analysis

Postby RooRoo104 » Fri Jan 17, 2014 8:48 am

Is this still running on another Forum? It looked quite interesting
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Re: Daily Technical Analysis

Postby » Wed Jun 11, 2014 11:57 am

Daily Technical Analysis by
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Re: Daily Technical Analysis

Postby KerryPrad » Wed Aug 27, 2014 11:06 pm


USD/JPY - Yen is unarguably among the top traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades with data from Japan accounting more much of trading activities in Asia. As reported lately, the Bank of Japan has increased their purchase of Yen, been positive to reverse the deflation tide to inflation. Multiplying this money supply by two is devaluing the Yen, expanding exports; while increasing prices of imports simultaneously, with commodities n particluar.
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Re: Daily Technical Analysis

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Re: Daily Technical Analysis

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Re: Daily Technical Analysis

Postby pipabode » Mon Sep 21, 2015 7:29 am

Technical analysis of USD/JPY for September 21, 2015
When the European market opens, economic news on the Current Account is due to be released. The US will unveil data about the CB Leading Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.1458.

Strong Resistance:1.1451.

Original Resistance: 1.1440.

Inner Sell Area: 1.1429.

Target Inner Area: 1.1402.

Inner Buy Area: 1.1375.

Original Support: 1.1364.

Strong Support: 1.1353.

Breakout SELL Level: 1.1346.
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Re: Daily Technical Analysis

Postby pipabode » Mon Sep 21, 2015 7:40 am

Elliott wave analysis of EUR/NZD for September 21, 2015
Technical summary:

Important resistance at 1.8000 is still firm. The pair needs to breakout this line to continue higher towards at least 1.8288 or even higher to 1.8682.

In the short term, support at 1.7674 should protect the downside or we run a risk of returning back to strong support at 1.7400.

Trading recommendation:

We are long EUR from 1.7490. We will move our stop higher to 1.7665. If you are not long EUR yet, buy only on a breakout above 1.8000 and place stop at 1.7800.
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Elliott wave analysis of EUR/JPY for October 13, 2015

Postby pipabode » Tue Oct 13, 2015 9:54 am

Technical summary:

We continue to look for more upside pressure towards 138.10 and then higher to 141.00 once this minor correction is over. Ideally, it will find support at 136.00, but we must allow for a corrective decline closer to 135.71 before the next rally higher to 138.10 is seen.

Trading recommendation:

We are long EUR from 135.10 with stop placed at 135.30. If you are not long EUR yet, then buy near 136.00 or upon a break above 136.50 and use the same stop at 135.30
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