British Pound / US Dollar-GBPUSD As of 13/06/17
*** Intra-Daily Trading Strategy:BUY British Pound / US Dollar
Buy Target: 1.2789
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 24 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased1.38%, and has been fluctuating from a high of 1.305 to a low of 1.264.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Buy9 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 Sell 31 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL3 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell2 day(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 15.6%. Bollinger Bands are 24.88% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.