Willy Technical Analysis

[Willyw]

US Dollar / Japanese Yen-USDJPY As of 26/10/16

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

Buy Target: 104.8434

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 5 black candles.

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

A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend (which is the case with US Dollar / Japanese Yen), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 17 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.71%, and has been fluctuating from a high of 104.870 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.

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 77 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 74 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy17 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 17.8%. Bollinger Bands are 37.67% 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 28/10/16

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 25 white candles versus 25 black candles.

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

The MACD crossed above the signal line 9 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.87%, and has been fluctuating from a high of 105.528 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 Buy23 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 15 week(s) ago.

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


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


The last Directional Movement Indicators (DMI) signal was a SELL61 week(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 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 17.3%. Bollinger Bands are 41.58% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 0 week(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 31/10/16

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

Sell Target: 1.0943

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 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 27 black candles with a net of 5 black candles.

A bearish harami has formed where the current small black body is contained within an unusually large white body. During an uptrend this pattern implies an end to the rally as the bulls appear to have exhausted.

During a downtrend(which is the case with Euro Dollar / US Dollar) the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.

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).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.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, Euro Dollar / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.099 to a low of 1.094.

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 Buy28 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 3 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 last Directional Movement Indicators (DMI) signal was a SELL118 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy1 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 40.5%. Bollinger Bands are 22.99% wider 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 01/11/16

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

Sell Target: 1.2161

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!!!!!

* Chaos Trading System

BUY signal generated today. ENTER BUYand exit sell at market price on the next Daily open.

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 22 white candles versus 28 black candles with a net of 6 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 5 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.53%, and has been fluctuating from a high of 1.228 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 38 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 2 day(s) ago.

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

The RSI has set a new 14-period high while the price of British Pound / US Dollar 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 BUY 163 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy10 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 42.6%. Bollinger Bands are 29.16% 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]

US Dollar / Japanese Yen-USDJPY As of 02/11/16

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

Sell Target: 102.8913

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!!!!!

* Chaos Trading System

SELL signal generated today. ENTER SELL and exit buy at market price on the next Daily open.

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.

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

The MACD crossed below the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 104.162 to a low of 103.029.

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 2 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 82 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISHsignal.The RSI has set a new 14-period low while the price of US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.

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

The DMI BUY reference point was crossed. If you are still buying, this might be a good place to stop out and prevent losses.

The last Directional Movement Indicators (DMI) signal was a BUY 79 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell1 day(s) ago.

The close is currently

BELOW its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

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

US Dollar / Japanese Yen closed above the lower Bollinger Band by 21.7%. Bollinger Bands are 61.77% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 3 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Willyw]

Weekly US Dollar / Japanese Yen-USDJPY As of 04/11/16

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 10 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.29%, and has been fluctuating from a high of 105.528 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 Buy24 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 16 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 SELL62 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy1 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 42.4%. Bollinger Bands are 42.63% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 week(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Willyw]

Euro Dollar / US Dollar-EURUSD As of 07/11/16

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

Sell Target: 1.1014

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

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

Separating lines has formed. If the lines occur during an uptrend(which is the case with Euro Dollar / US Dollar) and the first line is black and the second is white (which is not the case with Euro Dollar / US Dollar) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend and the first line is white and the second is black (which is the case with Euro Dollar / US Dollar) then this suggests that the downtrend should continue.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.70%, and has been fluctuating from a high of 1.114 to a low of 1.094.

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 Buy33 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 8 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 last Directional Movement Indicators (DMI) signal was a BUY 3 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy6 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 31.1%. Bollinger Bands are 14.19% 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 08/11/16

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

Buy Target: 1.2435

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

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black 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.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 10 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.77%, and has been fluctuating from a high of 1.256 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.

A Stochastic SELLsignal was generated today.

The Stochastic indicator is currently generating a SELL signal against the direction of the major trend.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 7 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 BUY 168 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy15 day(s) Ago.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Bearish

British Pound / US Dollar closed below the upper Bollinger Band by 18.8%. Bollinger Bands are 47.33% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / 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 4 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Willyw]

US Dollar / Japanese Yen-USDJPY As of 09/11/16

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

Sell Target: 102.7477

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 bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

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.

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 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 0 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 105.893 to a low of 101.184.

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 7 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 87 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 Directional Movement Indicators (DMI) are showing a SELL signal for US Dollar / Japanese Yen.

The last Directional Movement Indicators (DMI) signal was a SELL0 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy1 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 above the upper Bollinger Band by 10.9%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the Bollinger Bands is likely. Bollinger Bands are 50.97% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen'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 8 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[FreakofNature]

I am always amused when people use the term overbought, oversold levels. It like when Crude oil got down to $60 many said it was oversold and then eventually dropped another 34 bucks, wonder what they were calling it then? I think until something is hitting zero, no such word as being oversold....

It's simple, oversold and overbought are terms that should only be used exclusively in healthy ranges.