British Pound / US Dollar-GBPUSD As of 14/02/17
*** Intra-Daily Trading Strategy:SELL British Pound / US Dollar
Sell Target: 1.2425
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 22 white candles versus 28 black candles with a net of 6 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.18%, and has been fluctuating from a high of 1.258 to a low of 1.244.
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 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 76 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 British Pound / US Dollar 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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
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 53 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell6 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 British Pound / US Dollar is Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 42.4%. Bollinger Bands are 45.59% 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 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
*** Intra-Daily Trading Strategy:SELL British Pound / US Dollar
Sell Target: 1.2425
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 22 white candles versus 28 black candles with a net of 6 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.18%, and has been fluctuating from a high of 1.258 to a low of 1.244.
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 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 76 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 British Pound / US Dollar 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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
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 53 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell6 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 British Pound / US Dollar is Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 42.4%. Bollinger Bands are 45.59% 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 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.