Daily Technical analysis

[Martin Kay]

USD/JPY DAILY as of Thursday, 12 November, 2015

*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen

Sell Target: 122.6240

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 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.47%, and has been fluctuating from a high of 123.601 to a low of 119.408.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Buy89 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a BUY 6 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy14 day(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 US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 13.9%. Bollinger Bands are 43.23% wider than normal.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 16 November, 2015

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 27 white candles versus 23 black candles with a net of 4 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 19 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased0.18%, and has been fluctuating from a high of 125.274 to a low of 116.165.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 157 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 22 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a SELL11 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy1 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 39.2%. Bollinger Bands are 24.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 17 November, 2015

*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar

Sell Target: 1.0655

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 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 17 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased3.47%, and has been fluctuating from a high of 1.135 to a low of 1.067.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Sell 21 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 3 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a SELL159 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell17 day(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

Euro Dollar / US Dollar closed above the lower Bollinger Band by 15.1%. Bollinger Bands are 32.13% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY DAILY as of Thursday, 19 November, 2015

*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen

Sell Target: 123.2410

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 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 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.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 21 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 3.09%, and has been fluctuating from a high of 123.741 to a low of 119.408.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Buy94 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 5 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator is in an overboughtcondition.



The last Directional Movement Indicators (DMI) signal was a BUY 11 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy19 day(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 US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 12.9%. Bollinger Bands are 26.07% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 24 November, 2015

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0666

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!!!!!



The previous 10 candlestick bars, there are 4 white candles versus 5 black candles with a net of 1 black candles.

The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black candles.

A doji star has formed where a doji gaps above or below the previous candle. This often signals a reversal with confirmation occurring on the next bar.A 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 when the security is oversold).MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 22 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased3.90%, and has been fluctuating from a high of 1.135 to a low of 1.059.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Sell 26 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 3 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a SELL164 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell22 day(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

Euro Dollar / US Dollar closed above the lower Bollinger Band by 17.2%. Bollinger Bands are 3.71% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY DAILY as of Thursday, 26 November, 2015


*** Intra-Daily Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 122.9903

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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.14%, and has been fluctuating from a high of 122.958 to a low of 122.253.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Buy99 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 4 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a BUY 16 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell1 day(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 US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 42.1%. Bollinger Bands are 6.94% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 30 November, 2015

*** Intra-Weekly Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 123.2450

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 5 white candles versus 5 black 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 1 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased0.03%, and has been fluctuating from a high of 123.741 to a low of 122.253.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 159 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 24 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



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 SELL13 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy3 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 36.8%. Bollinger Bands are 24.80% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 01 December, 2015


*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0580

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 6 black candles with a net of 3 black candles.

The previous 50 candlestick bars, there are 21 white candles versus 28 black candles with a net of 7 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 BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.24%, and has been fluctuating from a high of 1.064 to a low of 1.056.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Sell 31 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 8 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a SELL169 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell27 day(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

Euro Dollar / US Dollar closed above the lower Bollinger Band by 13.9%. Bollinger Bands are 25.92% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY DAILY as of Thursday, 03 December, 2015


*** Intra-Daily Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 123.6620

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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

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 US Dollar / Japanese Yen), 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 BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.61%, and has been fluctuating from a high of 123.667 to a low of 122.253.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Buy104 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 9 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



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 21 day(s) ago.

A SAR Buy signal generated today. If you are short, this might be a good place to exit.

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 US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 26.8%. Bollinger Bands are 52.70% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 07 December, 2015

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 2 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.26%, and has been fluctuating from a high of 123.741 to a low of 122.253.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 160 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 25 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



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 SELL14 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy4 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 30.3%. Bollinger Bands are 27.22% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 08 December, 2015

*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar

Sell Target: 1.0795

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 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 20 white candles versus 29 black candles with a net of 9 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.28%, and has been fluctuating from a high of 1.098 to a low of 1.053.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 36 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 4 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a BUY 2 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy2 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.7%. Bollinger Bands are 29.73% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 11/12/15


A big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 25 white candles versus 25 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 0 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 123.472 to a low of 120.581.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 161 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 26 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 SELL15 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy5 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 39.2%. Bollinger Bands are 29.91% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Euro Dollar / US Dollar-EURUSD As of 14/12/15

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.1048

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 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 22 white candles versus 27 black candles with a net of 5 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 BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 11 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.81%, and has been fluctuating from a high of 1.105 to a low of 1.053.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 41 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 9 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 7 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy7 day(s) Ago.

The close is currently

BELOW 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 Mildly Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 10.5%. Bollinger Bands are 10.36% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 16/12/15​

*** Intra-Daily Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 122.8173

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 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 29 white candles versus 21 black candles with a net of 8 white candles.

Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased0.07%, and has been fluctuating from a high of 123.667 to a low of 120.342.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Buy2 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 19 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 31 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell5 day(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 US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 47.3%. Bollinger Bands are 18.09% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 18/12/15

*** Intra-Weekly Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 122.9953

Buy Stop: 118.4727

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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white 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 BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 1 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.13%, and has been fluctuating from a high of 123.538 to a low of 120.342.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 162 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 27 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 SELL16 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy6 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 43.5%. Bollinger Bands are 33.73% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Euro Dollar / US Dollar-EURUSD As of 21/12/15

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0947

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 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 21 white candles versus 28 black candles with a net of 7 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.00%, and has been fluctuating from a high of 1.106 to a low of 1.053.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 3 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 14 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 12 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy12 day(s) Ago.

The close is currently

BELOW 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 Mildly Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 33.0%. Bollinger Bands are 10.93% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY​

As of 23/12/15

*** Intra-Daily Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 121.0640

Buy Stop: 120.7020

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 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 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.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 21 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased1.27%, and has been fluctuating from a high of 123.667 to a low of 120.342.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Buy7 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 24 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 36 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy3 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Mildly Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 15.1%. Bollinger Bands are 3.27% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 25/12/15

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend (which is the case with US Dollar / Japanese Yen), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 2 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased0.75%, and has been fluctuating from a high of 123.538 to a low of 120.034.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 163 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 28 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 SELL17 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy7 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 27.8%. Bollinger Bands are 38.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Euro Dollar / US Dollar-EURUSD As of 28/12/15

*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar

Sell Target: 1.0955

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 23 white candles versus 26 black candles with a net of 3 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.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 21 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 3.58%, and has been fluctuating from a high of 1.106 to a low of 1.053.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 8 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 19 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 17 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy17 day(s) Ago.

The close is currently

BELOW 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 Mildly Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 31.4%. Bollinger Bands are 21.56% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 30/12/15

*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen

Sell Target: 120.3096

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 3 white candles versus 7 black candles with a net of 4 black 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 BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 26 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased1.69%, and has been fluctuating from a high of 123.667 to a low of 120.034.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator 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 Buy12 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 29 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 41 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell4 day(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 US Dollar / Japanese Yen is Very Bearish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 23.6%. Bollinger Bands are 19.06% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.