EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD reached 1.0900 today and is currently testing the resistance at that level. A breakout above it will likely lead to a further move to the upside towards 1.0965 - 1.0970.
Euro Dollar / US Dollar-EURUSD As of 27/03/17
*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar
Buy Target: 1.0898
Enter New BUY on OPEN and exit BUY 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!!!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black candles.
A rising window has formed where the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 11 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.87%, and has been fluctuating from a high of 1.090 to a low of 1.058.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator 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 Sell 35 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 85 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISHsignal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The DMI SELL reference point was crossed. If you are still selling, this might be a good place to stop out and prevent losses.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL93 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy15 day(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 5.8%. Bollinger Bands are 27.68% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar
Buy Target: 1.0898
Enter New BUY on OPEN and exit BUY 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!!!!!
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black candles.
A rising window has formed where the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 11 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.87%, and has been fluctuating from a high of 1.090 to a low of 1.058.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator 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 Sell 35 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 85 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISHsignal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The DMI SELL reference point was crossed. If you are still selling, this might be a good place to stop out and prevent losses.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL93 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy15 day(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 5.8%. Bollinger Bands are 27.68% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD tried to rally but found enough resistance at 1.0900 to trim some of its gains and closed in the middle of the daily range, however managed to close above Fridays’ high, which suggests being a bullish momentum.
The currency pair is trading above the 10, the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0842 (support), daily resistance at 1.0819, the 10-day moving average at 1.0786 (support), daily support at 1.0713.
The currency pair is trading above the 10, the 50 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0842 (support), daily resistance at 1.0819, the 10-day moving average at 1.0786 (support), daily support at 1.0713.
victoriajensen
Private, 1st Class
- Messages
- 1,117
Not only did the pair fail to break out above 1.0900, but it also formed a shooting star candlestick on the daily time-frame at that resistance level, and there will likely be a new move to the downside.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support and closed back down the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0841 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0790 (support), a daily support at 1.0713.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support and closed back down the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0841 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0790 (support), a daily support at 1.0713.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD did move to the downside after forming a shooting star candlestick on the daily time-frame at 1.0900. It's currently testing the support at 1.0750, which coincides with the (MA)89 indicator on the four-hour time-frame, and a breakout below that level will likely lead to a further drop towards 1.0700.
honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair is trading above the 50-day moving average that should provide dynamic support and is trading below the 10 and 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0839 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0793 (resistance), a daily support at 1.0713, the 50-day moving average at 1.0670 (support).
The currency pair is trading above the 50-day moving average that should provide dynamic support and is trading below the 10 and 200-day moving average that should act as dynamic resistance.
The key levels to watch are: key level at 1.0970 (resistance), a daily resistance at 1.0900, the 200-day moving average at 1.0839 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0793 (resistance), a daily support at 1.0713, the 50-day moving average at 1.0670 (support).
