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[QUOTE="Martin Kay, post: 127556, member: 25911"] [B][U]US Dollar / Japanese Yen-USDJPY [/U][I][U]As of 10/05/17[/U][/I][/B] [B]*** [U]Intra-Daily Trading Strategy[/U]:[/B] [B]SELL US Dollar / Japanese Yen[/B] [B]Sell Target: [/B]113.8647 [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]white body has[/I] formed as prices closed higher than open. The previous 10 [B]candlestick bars[/B], there are 9 white candles versus 1 black candles with a net of 8 white candles. The previous 50 [B]candlestick bars[/B], there are 26 white candles versus 23 black candles with a net of 3 white candles. Three white candles has formed during the last three bars. Although these candles were not big enough to create [I]three white soldiers[/I], the steady upward pattern is bullish.[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 12 day(s) ago. Since the [B]MACD[/B] crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 4.25%, and has been fluctuating from a high of 114.352 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. The [B]Stochastic Oscillator [/B]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 Buy 29 Day(s) Ago. The [B]RSI[/B] is above 70. This is where it usually tops. 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 Buy 17 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] is in an [B]overbought[/B] condition. The last [B]Directional Movement Indicators (DMI)[/B] signal was a [B]SELL[/B] 84 day(s) ago. There were no [B]SAR[/B] signals generated today. The last[B] SAR[/B] signal was a [B]Buy[/B] 12 day(s) Ago. The close is currently [B]ABOVE[/B] its 200 daily moving average [B]ABOVE[/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]Very Bullish[/B] US Dollar / Japanese Yen closed below the upper [B]Bollinger Band[/B] by 4.4%. [B]Bollinger Bands[/B] are 36.10% wider 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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