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  1. #1
    Legendry Member willyw's Avatar

    British Pound / US Dollar-GBPUSD As of 25/04/17 !!!

    *** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
    Buy Target: 1.2863
    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 2 black candles with a net of 5 white candles.
    The previous 50 candlestick bars, there are 26 white candles versus 22 black candles with a net of 4 white candles.
    MACD is BULLISH as the MACD is above the signal line.
    The MACD crossed above the signal line 9 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 2.29%, and has been fluctuating from a high of 1.289 to a low of 1.250.
    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 19 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 Sell 4 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 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 102 day(s) ago.
    There were no SAR signals generated today. The last SAR signal was a Buy 8 day(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 British Pound / US Dollar is Very Bullish
    British Pound / US Dollar closed below the upper Bollinger Band by 9.1%. Bollinger Bands are 13.18% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
    Attached Thumbnails Attached Thumbnails gbp.jpg  

  2. #2
    Legendry Member milos's Avatar
    Cable is bullish today. Is it 1.29 target this week?

  3. #3
    Legendry Member willyw's Avatar
    Sorry post wrong thread. Suppose to post it to my thread

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