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: 58956, member: 25911"] [b]EUR/USD DAILY as of Thursday, 20 February, 2014[/b] [B]*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar Sell Target: 1.3734 Sell Stop: 1.3775 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 6 white candles versus 3 black candles with a net of 3 white candles. The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles. MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.85%, and has been fluctuating from a high of 1.377 to a low of 1.355. Currently, the Momentum Oscillator is in an overbought condition. The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction. SAR signal was a Buy 7 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 12.7%. Bollinger Bands are 18.58% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices. Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4. An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 20/02/14. This is usually a trade set-up opportunity. Elliott Waves High Volatility has detected an Isolated High at 1.38 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators. The present wave patterns are: fast amplitude (8%): bullish wave 1 moderate amplitude (13%): bullish wave 3 Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.35 is increasing. The Relative Strength Index is at 61.56 in the neutral territory. The Relative Momentum Index is at 63.00 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 91.56. This value is in the overbought territory. [B]Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging.[/B] [/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…