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Daily Technical analysis
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[QUOTE="Martin Kay, post: 67826, member: 25911"] [b]EUR/USD DAILY as of Thursday, 21 August, 2014[/b] VIT Daily Analysis Review of Euro Dollar / US Dollar (EURUSD) as of 21/08/14 Volatility Analysis On 21/08/14, Euro Dollar / US Dollar closed down -0.0010 at 1.3249 Period Statistical Change 10-period 4.6578 -0.01 21-period 4.0196 -0.00 39-period 3.9456 -0.13 90-period 4.1403 -0.00 Bollinger Bands are 9.56% narrower than normal. Momentum Indicators Stochastic Oscillator The Stochastic Oscillator is 4.7720. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 14 period(s) ago. Relative Strength Index (RSI) The current value of the RSI is 26.82.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 9 period(s) ago. Commodity Channel Index (CCI) The current value of the CCI is -231.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 6 period(s) ago. MACD Momentum Indicator The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 1 period(s) ago. Trend Analysis Aroon There were no Aroon signals generated today. The last signal was a Buy 77 period(s) ago. Directional Indicator There were no Directional Indicator signals generated today. The last signal was a Buy 246 period(s) ago. MACD Trend Signal There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 1 period(s) Ago. Stop and Reverse (SAR) There were no SAR signals generated today. The last signal was a Sell 7 period(s) ago. Summary The current market condition for Euro Dollar / US Dollar is: Very Bearish The close is currently below its 200 period moving average. The close is currently below its 90 period moving average. The close is currently below its 30 period moving average. Euro Dollar / US Dollar(EURUSD) Analysis of activity through 21/08/14 close: 1.3249 The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side. If already holding short positions, we would look to take partial profits at any retracement to 1.3415. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3432. Be prepared for a potential short term price pull back to the 1.3389 area. Suggested standing placement of fail-safe stops... If Long -- exit all contracts at ... 1.3241 If Short -- exit all contracts at ... 1.3444 [/QUOTE]
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