Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Technical analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Martin Kay, post: 52257, member: 25911"] [b]EUR/USD DAILY as of Thursday, 19 September, 2013[/b] [B]*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar Sell Target: 1.3510 Sell Stop: 1.3555 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!!!!![/B] A white body has formed as prices closed higher than open. The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 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.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 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.78%, and has been fluctuating from a high of 1.354 to a low of 1.325. The Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. Stochastic was a Buy 8 Period(s) Ago. Directional Movement Indicators (DMI) and SAR signal was a BUY 6 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 1.34, one day ago. This is a bullish sign. This previous resistance level of 1.34 may now provide downside support. Prices having only risen 0.02% since the. 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 above the upper Bollinger Band by 3.5%. Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that Euro Dollar / US Dollar is in to continue. Bollinger Bands are 2.73% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices. [B]Technical Outlook [/B] Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…