Willy Technical Analysis

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 10/10/16

*** Intra-Daily Trading Strategy:SELL Euro Dollar / US Dollar

Sell Target: 1.1111

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 big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 4 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased0.69%, and has been fluctuating from a high of 1.124 to a low of 1.110.

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 Buy13 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 Sell171 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of Euro Dollar / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 SELL103 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell13 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 Euro Dollar / US Dollar is Very Bearish

Euro Dollar / US Dollar closed below the lower Bollinger Band by 0.8%. Although prices have broken the lower Bollinger Band and a downside 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 60.82% 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 17 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Willyw]

British Pound / US Dollar-GBPUSD As of 11/10/16

*** Intra-Daily Trading Strategy:BUY British Pound / US Dollar

Buy Target: 1.2382

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 black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 20 white candles versus 30 black candles with a net of 10 black candles.

A long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 17 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased5.59%, and has been fluctuating from a high of 1.324 to a low of 1.171.

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 Sell 23 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 65 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISHsignal.

Currently, the Momentum Oscillator is in an oversoldcondition.


The last Directional Movement Indicators (DMI) signal was a BUY 148 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell21 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 below the lower Bollinger Band by 3.1%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that British Pound / US Dollar is in to continue. Bollinger Bands are 58.92% wider than normal.

 

[Willyw]

US Dollar / Japanese Yen-USDJPY As of 12/10/16

*** Intra-Daily Trading Strategy:BUY US Dollar / Japanese Yen

Buy Target: 104.7223

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 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 7 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.42%, and has been fluctuating from a high of 104.480 to a low of 101.270.

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 1 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 67 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 BUY 64 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy7 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Mildly Bearish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 2.2%. Bollinger Bands are 17.34% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Willyw]

Weekly US Dollar / Japanese Yen-USDJPY As of 14/10/16

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.

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 7 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.32%, and has been fluctuating from a high of 104.631 to a low of 99.941.

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 Buy21 Week(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 13 week(s) ago.

The RSI has just reached its highest value in the last 14 week(s). This is BULLISHsignal.

The RSI has set a new 14-period high while the price of US Dollar / Japanese Yen has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL59 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell17 week(s) ago.

The close is currently

BELOW its 200 weekly moving average

BELOW its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Bearish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 34.3%. Bollinger Bands are 27.33% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 17/10/16

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.1031

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 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 22 black candles with a net of 5 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 9 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased1.77%, and has been fluctuating from a high of 1.124 to a low of 1.096.

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 below 20. This is an indication of the security being in an "oversold" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Buy18 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 Sell176 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of Euro Dollar / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 SELL108 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell18 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 Euro Dollar / US Dollar is Very Bearish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 7.9%. Bollinger Bands are 1.61% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Willyw]

British Pound / US Dollar-GBPUSD As of 18/10/16

*** Intra-Daily Trading Strategy:BUY British Pound / US Dollar

Buy Target: 1.2344

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 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 22 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased5.34%, and has been fluctuating from a high of 1.324 to a low of 1.171.

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 Sell 28 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed above 30 from a bottoming formation. This is a BULLISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 0 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 is in an oversoldcondition.


The last Directional Movement Indicators (DMI) signal was a BUY 153 day(s) ago.

A SAR Buy signal generated today. If you are short, this might be a good place to exit.

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 24.9%. Bollinger Bands are 88.68% wider than normal.

 

[Willyw]

US Dollar / Japanese Yen-USDJPY As of 19/10/16

*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen

Sell Target: 103.0567

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 black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 12 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.51%, and has been fluctuating from a high of 104.631 to a low of 101.270.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

A Stochastic SELLsignal was generated today.

The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.A Stochastic Bearish divergence signal was generated today.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 72 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


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 BUY 69 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy12 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Mildly Bearish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 34.8%. Bollinger Bands are 8.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Willyw]

Weekly US Dollar / Japanese Yen-USDJPY As of 21/10/16

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 8 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.99%, and has been fluctuating from a high of 104.631 to a low of 99.941.

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 Buy22 Week(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 14 week(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL60 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell18 week(s) ago.

The close is currently

BELOW its 200 weekly moving average

BELOW its 50 weekly moving average

BELOW its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bearish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 35.6%. Bollinger Bands are 33.71% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 24/10/16

*** Intra-Daily Trading Strategy:BUY Euro Dollar / US Dollar

Buy Target: 1.0892

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 black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 14 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased3.07%, and has been fluctuating from a high of 1.124 to a low of 1.086.

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 below 20. This is an indication of the security being in an "oversold" condition.No Stochastic Buy or Sell signals generated today. The last signal was a Buy23 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell181 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISHsignal.

Currently, the Momentum Oscillator is in an oversoldcondition.


The last Directional Movement Indicators (DMI) signal was a SELL113 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell23 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 Euro Dollar / US Dollar is Very Bearish

Euro Dollar / US Dollar closed above the lower Bollinger Band by 5.9%. Bollinger Bands are 42.15% wider than normal.

 

[Willyw]

British Pound / US Dollar-GBPUSD As of 25/10/16

*** Intra-Daily Trading Strategy:BUY British Pound / US Dollar

Buy Target: 1.2251

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 black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.

The previous 50 candlestick bars, there are 22 white candles versus 28 black candles with a net of 6 black candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.224 to a low of 1.208.

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 Sell 33 Day(s) Ago.

The RSI is below 30. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 5 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of British Pound / US Dollar has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator is in an oversoldcondition.


The last Directional Movement Indicators (DMI) signal was a BUY 158 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy5 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 26.8%. Bollinger Bands are 61.97% wider than normal.