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[QUOTE="Martin Kay, post: 126676, member: 25911"] [B][U]US Dollar / Japanese Yen-USDJPY [/U][I][U]As of 26/04/17[/U][/I][/B] [B]*** [U]Intra-Daily Trading Strategy[/U]:[/B] [B]SELL US Dollar / Japanese Yen[/B] [B]Sell Target: [/B]110.8963 [B]Enter New SELL on [U]OPEN[/U] and exit SELL 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 5 white candles versus 5 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. A [I]rising window[/I] has formed where the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend.A [I]spinning top[/I] has formed which is a candle with a small real body. [I]Spinning tops[/I] 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 [I]spinning top[/I] can be a sign that prices are losing momentum and the bulls may be in trouble.[B]MACD[/B] is [B]BULLISH[/B] as the [B]MACD[/B] is above the signal line. The [B]MACD[/B] [B]crossed [/B]above the signal line 2 day(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.26%, and has been fluctuating from a high of 111.093 to a low of 109.593. 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. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 19 Day(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 7 day(s) ago. The [B]RSI[/B] has just reached its highest value in the last 14 day(s). This is [B]BULLISH[/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] 74 day(s) ago. There were no [B]SAR[/B] signals generated today. The last[B] SAR[/B] signal was a [B]Buy[/B] 2 day(s) Ago. The close is currently [B]ABOVE[/B] its 200 daily moving average [B]BELOW[/B] its 50 daily moving average [B]ABOVE[/B] its 20 daily moving average The current market condition for US Dollar / Japanese Yen is [B]Bullish[/B] US Dollar / Japanese Yen closed below the upper [B]Bollinger Band[/B] by 23.9%. [B]Bollinger Bands[/B] are 27.25% 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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