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GBP/USD as of 08/08/2013

Discussion in 'Technical Analysis' started by primetrader, Aug 8, 2013.

  1. primetrader

    primetrader New Member

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    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.
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  2. primetrader

    primetrader New Member

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    Aud/usd Weekly

    Japanese Candlestick
    Big white (bullish) candle has formed as prices closed higher than they opened. When prices are "low," is a first sign of a trough. If prices are rebounding off a support (e.g., a moving average, trend line, or retracement level), the long white candle adds reliability to the support. If the candle breakout above a resistance, the long white candle adds reliability to the breakout.
    The past 10 candlesticks there are 4 white candles and 5 black candles with a net of 1 black candles.
    The past 50 candlesticks there are 22 white candles and 27 black candles with a net of 5 black candles.
    SAR
    No SAR signals triggered this week. SAR triggered a Sell signal 14 period(s) ago.
    Trend Analysis
    AUDUSD prices close
    LOWER than the 200 Moving Average
    LOWER than the 50 Moving Average
    LOWER than the 20 Moving Average
    The current trend for Australian Dollar / US Dollar is Extremely Bearish. The most recently confirmed upside resistance level for Australian Dollar / US Dollar is around 1.09. Expect prices to have some difficulty rising above this level. A break above this level particularly on heavy trading would be a bullish sign.
     
  3. primetrader

    primetrader New Member

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    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.
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  4. primetrader

    primetrader New Member

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    Re: GBP/USD as of 14/08/2013

    GBP/USD as of 14/08/13
    Elliot Wave Analysis
    An Inside Day Narrow Range was detected by our Elliott Waves High Volatility on 14/08/13. This is usually a trade set-up opportunity
    The present wave patterns are:
    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 57.03 in the neutral territory. The Relative Momentum Index is at 62.90 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. The STORSI is at 70.55. This value is in the overbought territory.
    Elliott Waves High Volatility has detected an Isolated Low at 1.54 one bar ago ; this is usually a bullish sign Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
    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 1.53.
    The projected upper bound is: 1.57.
    The projected lower bound is: 1.52.
    The projected closing price is: 1.54.
    Note: these price projections are for reference only, and can be easily exceeded by the market.
    Technical Outlook
    Short Term:Neutral
    Intermediate Term:Bullish
    Long Term:Bearish
    Summary
    British Pound / US Dollar is currently 0.5% 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 7 periods.
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  5. primetrader

    primetrader New Member

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    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.
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