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  1. #1
    Legendry Member willyw's Avatar

    EUR/USD DAILY as of Thursday, 19 September, 2013 !!!

    *** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
    Sell Target: 1.3510
    Sell Stop: 1.3555
    Enter New SELL on OPEN and exit SELL 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 8 white candles versus 2 black candles with a net of 6 white candles.
    The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
    A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
    MACD is BULLISH as the MACD is above the signal line. The MACD crossed above the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.78%, and has been fluctuating from a high of 1.354 to a low of 1.325.
    The Stochastic Oscillator is currently above 80. This is an indication of an "overbought" condition. Stochastic was a Buy 8 Period(s) Ago.
    Directional Movement Indicators (DMI) and SAR signal was a BUY 6 period(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 broke above the upside resistance level of 1.34, one day ago. This is a bullish sign. This previous resistance level of 1.34 may now provide downside support. Prices having only risen 0.02% since the. 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 volume) would be a bearish sign.
    Euro Dollar / US Dollar closed above the upper Bollinger Band by 3.5%. Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that Euro Dollar / US Dollar is in to continue. Bollinger Bands are 2.73% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    Technical Outlook
    Short Term: Overbought
    Intermediate Term: Bullish
    Long Term: Bullish
    Attached Thumbnails Attached Thumbnails eur-daily1.jpg   eur-daily2.jpg  

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