US Dollar / Canadian Dollar as of Friday, 02 August, 2013

primetrader

Trader
Jul 30, 2013
10
0
22
www.primetraderfx.com
SAR
SAR triggered a Buy signal today. Exit positions if short.
Trend Analysis
USDCAD prices close
above the 200, 50 and 20 period Moving Average
The current trend for US Dollar / Canadian Dollar is Extremely Bullish
US Dollar / Canadian Dollar broke above the upside resistance level of 1.04 today. This is a bullish sign. This previous resistance level of 1.04 now provide downside support. The most recently confirmed downside support level for US Dollar / Canadian Dollar is around 0.98. Expect prices to have some difficulty falling below this level. A break below this level particularly on heavy trading would be a bearish sign.
Bollinger Band
US Dollar / Canadian Dollar closed below the upper Bollinger Band by 45.4%. Bollinger Bands are 14.87% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Candlestick
White Body has formed as prices closed higher than the open.
The past 10 candlesticks there are 4 white candles and 6 black candles with a net of 2 black candles.
The past 50 candlesticks there are 25 white candles and 25 black candles .
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 1.05.
The projected lower bound is: 1.02.
The projected closing price is: 1.04.
Technical Outlook
Short Term:Neutral
Intermediate Term:Bearish
Long Term:Bullish
 

Attachments

  • cad-0802061.png
    cad-0802061.png
    61 KB · Views: 6
  • cad-0802062.png
    cad-0802062.png
    30.9 KB · Views: 4

primetrader

Trader
Jul 30, 2013
10
0
22
www.primetraderfx.com
EUR/USD DAILY as of Monday, 05 August, 2013

Trend Analysis
EURUSD prices close
HIGHER than the 200 Moving Average
HIGHER than the 50 Moving Average
HIGHER than the 20 Moving Average
The current trend for Euro Dollar / US Dollar is Extremely Bullish
The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.28. Expect prices to have some difficulty falling below this trendline. A break below this trendline particularly on heavy trading would be a bearish sign.
SAR
No SAR signals triggered today. SAR triggered a Buy signal 18 period(s) Ago.
Japanese Candlestick
White Body has formed as prices closed higher than the open.
The past 10 candlesticks there are 7 white candles and 3 black candles with a net of 4 white candles.
The past 50 candlesticks there are 27 white candles and 23 black candles with a net of 4 white candles.
Bollinger Band
Euro Dollar / US Dollar closed below the upper Bollinger Band by 27.5%. Bollinger Bands are 7.14% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Elliot Wave Analysis
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 our Elliott Waves High Volatility on 05/08/2013. This is usually a trade set-up opportunity
Elliott Waves High Volatility has detected an Isolated Low at 1.32 one bar ago ; this is usually a bullish sign
The present wave patterns are:
fast amplitude (8%): bullish wave 1
moderate amplitude (13%): bullish wave 3
 

Attachments

  • eur-daily1.png
    eur-daily1.png
    55 KB · Views: 6
  • eur-daily2.png
    eur-daily2.png
    39.7 KB · Views: 3

primetrader

Trader
Jul 30, 2013
10
0
22
www.primetraderfx.com
GBP/USD as of 08/08/2013

Elliott Waves High Volatility has detected an Isolated Low at 1.52 one bar ago ; this is usually a bullish sign
Elliott Waves High Volatility has detected an Isolated High at 1.55 one bar ago; this is usually a bearish sign
The present wave patterns is fast amplitude (8%): bullish wave 2
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.54 is decreasing. The Relative Strength Index is at 60.86 in the neutral territory. The Relative Momentum Index is at 58.43 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 93.68. This value is in the overbought territory.
Technical Outlook
Short Term:Overbought
Intermediate Term:Bullish
Long Term:Bearish
Summary
British Pound / US Dollar is currently 0.3% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Volume indicators reflect very strong flows of volume into GBPUSD (bullish). Trend forecasting oscillators are currently bullish on GBPUSD and have had this outlook for the last 3 periods.
gbp-0808122.png
[/IMG]
gbp-0808121.png
 

primetrader

Trader
Jul 30, 2013
10
0
22
www.primetraderfx.com
Euro Dollar / US Dollar as of 13/08/13

Trend Analysis
EURUSD prices close
HIGHER than the 200 Moving Average
HIGHER than the 50 Moving Average
HIGHER than the 20 Moving Average
The current trend for Euro Dollar / US Dollar is Extremely Bullish. Euro Dollar / US Dollar broke above the upside resistance level of 1.32, 16 day(s) ago. This is a bullish sign. This previous resistance level of 1.32 now provide downside support. Prices have only risen 0.83% since the breakout. 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 trading would be a bearish sign.
SAR
No SAR signals triggered today. SAR triggered a Buy signal 24 period(s) Ago.
Japanese Candlestick
White Body has formed as prices closed higher than the open.
The past 10 candlesticks there are 6 white candles and 4 black candles with a net of 2 white candles.
The past 50 candlesticks there are 27 white candles and 23 black candles with a net of 4 white candles.Spinning Top has formed with a small real body. Spinning tops have little price action defined by the difference between open and close. During a rally or near new highs, a spinning top is a sign that prices are losing momentum and the bulls are in trouble.
Bollinger Band
Euro Dollar / US Dollar closed below the upper Bollinger Band by 32.0%. Bollinger Bands are 35.14% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
eur-0813121.png

eur-0813122.png
 

primetrader

Trader
Jul 30, 2013
10
0
22
www.primetraderfx.com
Euro Dollar / US Dollar as of 15/8/13

Trend Analysis
EURUSD prices close
HIGHER than the 200 Moving Average
HIGHER than the 50 Moving Average
HIGHER than the 20 Moving Average
The current trend for Euro Dollar / US Dollar is Extremely Bullish. The most recently confirmed up trendline for Euro Dollar / US Dollar has an ending point currently at 1.28. Expect prices to have some difficulty falling below this trendline. A break below this trendline particularly on heavy trading would be a bearish sign.
SAR
No SAR signals triggered today. SAR triggered a Sell signal 2 period(s) ago.
Japanese Candlestick
White Body has formed as prices closed higher than the open.
The past 10 candlesticks there are 5 white candles and 5 black candles .
The past 50 candlesticks there are 25 white candles and 25 black candles .Spinning Top has formed with a small real body. Spinning tops have little price action defined by the difference between open and close. During a rally or near new highs, a spinning top is a sign that prices are losing momentum and the bulls are in trouble.
Bollinger Band
Euro Dollar / US Dollar closed above the lower Bollinger Band by 48.6%. Bollinger Bands are 50.69% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
By the way, prices are vulnerable to a correction towards 1.32.
The projected upper bound is: 1.35.
The projected lower bound is: 1.30.
The projected closing price is: 1.33.
Note: these price projections are for reference only, and can be easily exceeded by the market.
Technical Outlook
Short Term:Oversold
Intermediate Term:Bullish
Long Term:Bullish
Summary
Euro Dollar / US Dollar is currently 1.2% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Volume indicators reflect very strong flows of volume into EURUSD (bullish). Trend forecasting oscillators are currently bullish on EURUSD and have had this outlook for the last 15 periods. Momentum oscillator has set a new 14-period low while the price has not. This is a bearish divergence.
eur-0815121.png

eur-0815122.png