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  1. #21
    Legendry Member willyw's Avatar

    EUR/USD DAILY as of Thursday, 06 June, 2013 !!!

    Euro Dollar / US Dollar broke above the upside resistance level of 1.29, five days ago. This is a bullish sign. A Daily white body has formed yesterday.Three Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 5 days ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.41%, and has fluctuate from a high of 1.310 to a low of 1.293.
    RSI has just reached its highest value in the last 14 days. This is BULLISH signal.
    Directional Movement Indicators (DMI) and SAR signal was a BUY 6 days 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
    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern!

    Please note that all wave counts are based on the high low price in this commentary!

    Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.30 is decreasing. The Relative Strength Index is at 57.79 in the neutral territory. The Relative Momentum Index is at 58.40 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 100.00. This value is in the overbought territory.

    *** Intra-Daily Trading Strategy: SELL EURUSD
    Sell Target: 1.3066
    Sell Stop: 1.3126
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price. Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails eur-candle-d.jpg   eur-wave-d.jpg  

  2. #22
    Legendry Member willyw's Avatar

    EUR/USD WEEKLY as of Monday, 10 June, 2013 !!!

    Euro Dollar / US Dollar appears to be locked in a trading range bounded by upside resistance and downside support. The most recently confirmed upside resistance level for Euro Dollar / US Dollar is around 1.49 and with the most recently confirmed downside support level for Euro Dollar / US Dollar is around 1.21
    A Weekly big white candle has formed. This is a bullish candle as prices closed significantly higher than they opened. 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 (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout. Three Weekly white candles has formed during the last three Weekly bars. Although these candles were not big enough to create three Weekly white soldiers, the steady upward pattern is bullish.
    MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 14 weeks ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.57%, and has fluctuate from a high of 1.331 to a low of 1.276.
    RSI has just reached its highest value in the last 14 weeks. This is BULLISH signal.
    The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction.
    SAR signal was a Buy 5 weks Ago.
    The close is currently
    BELOW its 200 weekly moving average
    ABOVE its 50 weekly moving average
    ABOVE its 20 weekly moving average
    The current market condition for Euro Dollar / US Dollar is Mildly Bearish
    Euro Dollar / US Dollar closed below the upper Bollinger Band by 36.0%. Bollinger Bands are 39.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern

    Please note that all wave counts are based on the high low price in this commentary!

    Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.32 is decreasing. The Relative Strength Index is at 55.80 in the neutral territory. The Relative Momentum Index is at 47.76 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 76.78. This value is in the overbought territory.
    Attached Thumbnails Attached Thumbnails eur-candle-w.jpg   eur-wave-w.jpg  

  3. #23
    Legendry Member willyw's Avatar

    EUR/AUD DAILY as of Wednesday, 12 June, 2013 !!!

    The most recently confirmed up trendline for Euro Dollar / Australian Dollar has an ending point currently at 1.22. Expect prices to have some difficulty falling below this trendline. A break below this trendline on heavy trading would be a bearish sign.
    A Daily white body has formed (because prices closed higher than they opened).
    For the past 10 Daily candlestick bars as of 11/06/2013, there are 9 white candles versus 1 black candles with a net of 8 white candles.
    For the past 50 Daily candlestick bars as of 11/06/2013, there are 35 white candles versus 15 black candles with a net of 20 white candles.
    A Daily inverted hammer has formed. If this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar.A Daily long upper shadow has formed. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).A Daily rising window has formed (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend.A Daily shooting star has formed (a shooting star has a small real body near the bottom of the candle and a long upper shadow). During an uptrend(which appears to be the case with Euro Dollar / Australian Dollar) the long upper shadow indicates that the bears are gaining control and a top may occur.A Daily spinning top has formed (a spinning top 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 Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 49 days ago. Since the MACD crossed the MACD moving average, Euro Dollar / Australian Dollar's price has increased 13.55%, and has fluctuate from a high of 1.422 to a low of 1.224.
    RSI last signal was a Sell 7 days ago and prices has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE and Momentum Oscillator is in an overbought condition
    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 / Australian Dollar is Very Bullish
    Euro Dollar / Australian Dollar closed above the upper Bollinger Band by 0.5%. 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 127.06% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / Australian Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 17 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

    *** Intra-Daily Trading Strategy: SELL EURAUD
    Sell Target: 1.4016
    Sell Stop: 1.4327
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
    (PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
    Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails euraud-candle-d.jpg  

  4. #24
    Legendry Member willyw's Avatar

    EUR/USD DAILY as of Thursday, 13 June, 2013 !!!

    A Daily white body has formed (because prices closed higher than they opened).
    For the past 10 Daily candlestick bars there are 8 white candles versus 2 black candles with a net of 6 white candles.
    For the past 50 Daily candlestick bars there are 29 white candles versus 21 black candles with a net of 8 white candles.
    Three Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    Euro Dollar / US Dollar broke above the upside resistance level of 1.32, 4 day(s) ago signifies a bullish sign. This previous resistance level of 1.32 may now provide downside support. And with prices having only risen 0.87% since the breakout, the validity of the breakout is questionable. The downside support level for Euro Dollar / US Dollar is around 1.28.
    MACD is currently BULLISH with the MACD above the signal line. The MACD crossed above the signal line 10 days ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.47%, and has fluctuate from a high of 1.337 to a low of 1.293.
    RSI has just reached its highest value in the last 14 days. This is BULLISH signal and currently the Momentum Oscillator is in an overbought condition. Directional Movement Indicators (DMI) and SAR signal was a BUY 11 days ago.
    The close is now 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 closed below the upper Bollinger Band by 1.0%. Bollinger Bands are 54.44% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 3 days. The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

    Please note that all wave counts are based on the high low price in this commentary!

    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.30 is increasing. The Relative Strength Index is at 70.18 in the overbought territory. The Relative Momentum Index is at 74.83 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 99.01. This value is in the overbought territory.

    *** Intra-Daily Trading Strategy: SELL EURUSD
    Sell Target: 1.3337
    Sell Stop: 1.3393
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
    (PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
    Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails eur-candle-d.jpg   eur-wave-d.jpg  

  5. #25
    Veteran Member uj.forex's Avatar
    USD / JPY gained last night and retraced today in the Asian session... it wud remain bullish as long as it remains above 94.56 level... on the upward side its targets wud be 95.55 95.8 96.30

  6. #26
    Legendry Member willyw's Avatar

    EUR/USD WEEKLY as of Monday, 17 June, 2013 !!!

    A Weekly black body has formed (because prices closed lower than they opened).
    For the past 10 Weekly candlestick bars as of 17/06/2013, there are 5 white candles versus 5 black candles.
    For the past 50 Weekly candlestick bars as of 17/06/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.
    A Weekly spinning top has formed (a spinning top 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 currently BULLISH as the MACD is currently above the signal line. The MACD crossed above the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.10%, and has fluctuate from a high of 1.339 to a low of 1.319.
    The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now. SAR signal was a Buy 7 period(s) Ago.
    The close is currently
    ABOVE its 200 weekly moving average
    ABOVE its 50 weekly moving average
    ABOVE its 20 weekly moving average
    The current market condition for Euro Dollar / US Dollar is Very Bullish
    On 17/06/2013, Euro Dollar / US Dollar closed below the upper Bollinger Band by 12.9%. Bollinger Bands are 51.62% 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 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

    Please note that all wave counts are based on the high low price in this commentary!

    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/06/2013. This is usually a trade set-up opportunity
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected an Isolated High at 1.34 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern!
    Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.32 is decreasing. The Relative Strength Index is at 58.46 in the neutral territory. The Relative Momentum Index is at 56.65 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 98.83. This value is in the overbought territory.
    Attached Thumbnails Attached Thumbnails eur-candle-w.jpg   eur-wave-w.jpg  

  7. #27
    Legendry Member willyw's Avatar

    EUR/USD DAILY as of Monday, 17 June, 2013 !!!

    A Daily black body has formed (because prices closed lower than they opened).
    For the past 10 Daily candlestick bars as of 17/06/2013, there are 7 white candles versus 3 black candles with a net of 4 white candles.
    For the past 50 Daily candlestick bars as of 17/06/2013, there are 28 white candles versus 22 black candles with a net of 6 white candles.
    MACD is currently BULLISH. The MACD is currently above the signal line. The MACD crossed above the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 2.23%, and has fluctuate from a high of 1.339 to a low of 1.293. Currently, the Momentum Oscillator is in an overbought condition.
    The last Directional Movement Indicators (DMI) and SAR signal was a BUY 12 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
    On 17/06/2013, Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.1%. Bollinger Bands are 63.22% wider than normal. The large width of the Bollinger Bands suggest high volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The Bollinger bands have been in this wide range for 4 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the Bollinger Bands remain in this wide range.

    Please note that all wave counts are based on the high low price in this commentary!

    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4. An Inside Day Narrow Range was detected by your Elliott Waves High Volatility on 17/06/2013. This is usually a trade set-up
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 3
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern
    Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.31 is increasing. The Relative Strength Index is at 67.20 in the neutral territory. The Relative Momentum Index is at 76.71 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.02, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 88.93. This value is in the overbought territory.


    *** Intra-Daily Trading Strategy: SELL EURUSD
    Sell Target: 1.3318
    Sell Stop: 1.3366
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
    (PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
    Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails eur-candle-d.jpg  

  8. #28
    Veteran Member uj.forex's Avatar
    USD JPY under pressure... as it closed well below its critical level of 94.80 on friday... currently its back up at this level where its resistance is at 95.34, from where sellers may enter again heavily...

  9. #29
    Legendry Member willyw's Avatar

    EUR/GBP DAILY as of Thursday, 20 June, 2013 !!!

    A Daily black body has formed (because prices closed lower than they opened).
    For the past 10 Daily candlestick bars as of 20/06/2013, there are 5 white candles versus 4 black candles with a net of 1 white candles.
    For the past 50 Daily candlestick bars as of 20/06/2013, there are 27 white candles versus 22 black candles with a net of 5 white candles.
    A Daily doji star has formed (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
    MACD is currently BULLISH. The MACD is currently above the signal line and the MACD has cross above the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / British Pound's price has increased 0.02%, and has fluctuate from a high of 0.859 to a low of 0.854. The RSI has just reached its highest value in the last 14 period(s) which is BULLISH signal with SAR signal a Buy 2 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 / British Pound is Very Bullish
    Euro Dollar / British Pound broke above the down trendline at 0.86, 1 day(s) ago. This is a bullish sign with the down trendline currently with an ending point at 0.86, providing downside support. Prices having risen 0.02% since the breakout, the validity of the breakout is questionable. The recent confirmed up trendline for Euro Dollar / British Pound has an ending point currently at 0.85. Expect prices to have some difficulty falling below this trendline. A break below this trendline (particularly on heavy trading) would be a bearish sign.
    Euro Dollar / British Pound move below the upper Bollinger Band by 10.3%. Bollinger Bands are 45.67% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / British Pound'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 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.
    Please note that all wave counts are based on the high low price in this commentary!
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    Euro Dollar / British Pound is long term Bullish as the 144 days moving average of 0.84 is increasing. The Relative Strength Index is at 62.85 in the neutral territory. The Relative Momentum Index is at 60.19 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.00, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 100.00. This value is in the overbought territory.
    Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.



    *** Intra-Daily Trading Strategy: SELL EURGBP
    Sell Target: 0.8579
    Sell Stop: 0.8595
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
    (PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
    Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails eurgbp-daily-1.jpg   eurgbp-daily-candle.jpg  

  10. #30
    Legendry Member willyw's Avatar

    EUR/JPY DAILY as of Thursday, 20 June, 2013 !!!

    A Daily white body has formed (because prices closed higher than they opened).
    For the past 10 Daily candlestick bars as of 20/06/2013, there are 7 white candles versus 3 black candles with a net of 4 white candles.
    For the past 50 Daily candlestick bars as of 20/06/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.
    A Daily spinning top has formed (a spinning top 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 Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
    Euro Dollar / Japanese Yen broke above the upside resistance level of 126.53, 2 day(s) ago. This is a bullish sign. This previous resistance level of 126.53 may now provide downside support. Prices having only risen 0.13% since the breakout, the validity of the breakout is questionable. The most recently confirmed downside support level for Euro Dollar / Japanese Yen is around 119.76. Expect prices to have some difficulty falling below this level. A break below this level with heavy trading would be a bearish sign.
    MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / Japanese Yen's price has decreased 2.71%, and has fluctuate from a high of 132.741 to a low of 124.961.
    Stochastic signal was a Buy 8 Period(s) ago and SAR signal was a Sell 5 period(s) ago.
    The close is currently
    ABOVE its 200 daily moving average
    BELOW its 50 daily moving average
    BELOW its 20 daily moving average
    The current market condition for Euro Dollar / Japanese Yen is Mildly Bullish
    Euro Dollar / Japanese Yen closed above the lower Bollinger Band by 33.3%. Bollinger Bands are 3.20% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

    Please note that all wave counts are based on the high low price in this commentary!

    Elliott Waves High Volatility has detected an Isolated High at 128.75 one bar ago; this is usually a bearish sign that is not to be used alone! Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 1
    moderate amplitude (13%): bullish wave 1
    Euro Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 122.74 is increasing. The Relative Strength Index is at 46.63 in the neutral territory. The Relative Momentum Index is at 36.61 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.90, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 66.35. This value is in the neutral territory.


    *** Intra-Daily Trading Strategy: SELL EURJPY
    Sell Target: 127.8910
    Sell Stop: 128.8950
    Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
    (PLEASE TAKE NOTE: If necessary, adjust the Stop Loss Price according to your trading risk.)
    Do not reverse after exiting as Trending & Anti-Trending mode are being used by this system.

    This is a recommendation for INTRA-DAY TRADING only!!!!!
    Attached Thumbnails Attached Thumbnails eurjpy-candle-1.jpg   eurjpy-daily-1.jpg  

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