Martin Kay Technical Analysis

[Martin Kay]

EUR/USD DAILY as of Tuesday, 29 July, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 29/07/14

Volatility Analysis
On 29/07/14, Euro Dollar / US Dollar last price up 0.0001 at 1.3438

Period Statistical Change
10-period 3.0348 -0.27
21-period 3.3426 -0.38
39-period 4.0561 -0.01
90-period 4.2463 -0.01

Bollinger Bands are 35.97% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 12.9053. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 15 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 30.35.This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -97. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 13 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 60 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 229 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 10 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 10 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 29/07/14
Last price: 1.3438

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.3549. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3640. Be prepared for a potential short term price pull back to the 1.3504 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3422
If Short -- exit all contracts at ... 1.3650

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 05 August, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 05/08/14

Volatility Analysis
On 05/08/14, Euro Dollar / US Dollar last price up 0.0000 at 1.3421

Period Statistical Change
10-period 2.7883 -0.71
21-period 3.4927 -0.05
39-period 3.6431 0.00
90-period 4.2174 -0.01

Bollinger Bands are 43.38% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 73.6365. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.32.This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -50. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 18 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 65 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 234 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 15 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 15 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD) Analysis of activity through 05/08/14
Last price: 1.3421

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.3484. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3549. Be prepared for a potential short term price pull back to the 1.3459 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3367
If Short -- exit all contracts at ... 1.3568

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 12 August, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 12/08/14

Volatility Analysis
On 12/08/14, Euro Dollar / US Dollar closed down -0.0012 at 1.3371

Period Statistical Change
10-period 3.9889 -0.11
21-period 3.7428 -0.09
39-period 3.7128 -0.13
90-period 4.1767 -0.07

Bollinger Bands are 2.56% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 55.3871. This is not an overbought or oversold reading. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 34.95.This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -78. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 2 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 70 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 239 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 20 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 2 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 12/08/14
close: 1.3371

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3444. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3444. Be prepared for a potential short term price pull back to the 1.3436 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3333
If Short -- exit all contracts at ... 1.3484

 

[Martin Kay]

Euro Dollar / US Dollar(EURUSD)

EUR/USD DAILY as of Tuesday, 19 August, 2014
VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 19/08/14

Volatility Analysis
On 19/08/14, Euro Dollar / US Dollar closed down -0.0005 at 1.3356

Period Statistical Change
10-period 3.6805 -0.55
21-period 3.7993 -0.00
39-period 3.8134 -0.06
90-period 4.0262 0.00

Bollinger Bands are 39.01% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 44.3770. This is not an overbought or oversold reading. The last signal was a buy 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 36.78.This is not a topping or bottoming area. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -104.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 4 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 7 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 75 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 244 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 25 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.




Analysis of activity through 19/08/14
close: 1.3356

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.3432. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3432. Be prepared for a potential short term price pull back to the 1.3426 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3333
If Short -- exit all contracts at ... 1.3444

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 26 August, 2014

Euro Dollar / US Dollar-EURUSD
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.3173
Sell Stop: 1.3258
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 28 black candles with a net of 6 black candles.
A falling window has formed where the bottom of the previous shadow is above the top of the current shadow. This usually implies a continuation of a bearish trend.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.55%, and has been fluctuating from a high of 1.332 to a low of 1.318.
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 Sell 37 Period(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 2 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 37 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 9 period(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 16.8%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 0.86% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 02 September, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 01/09/14

Volatility Analysis
On 01/09/14, Euro Dollar / US Dollar closed unchanged 0.0000 at 1.3131

Period Statistical Change
10-period 4.2391 0.12
21-period 4.3085 -0.29
39-period 4.0446 -0.03
90-period 4.2748 -0.02

Bollinger Bands are 65.69% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 13.6906. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 21 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 23.37.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 7 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -111.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 8 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 84 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 253 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 8 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 14 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 01/09/14
close: 1.3131

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.3320. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3411. Be prepared for a potential short term price pull back to the 1.3253 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.3118
If Short -- exit all contracts at ... 1.3415

 

[Martin Kay]

GBP/USD DAILY as of Tuesday, 09 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 08/09/14

Volatility Analysis
On 08/09/14, British Pound / US Dollar closed down -0.0232 at 1.6093

Period Statistical Change
10-period 9.9951 3.08
21-period 8.0600 1.90
39-period 6.3278 1.19
90-period 5.9129 0.70

Bollinger Bands are 85.16% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 4.7425. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 12.28.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 6 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -231.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 8 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 2 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 210 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 494 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 180 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


British Pound / US Dollar(GBPUSD) Analysis of activity through 08/09/14
close: 1.6093

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.6643. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6643. Be prepared for a potential short term price pull back to the 1.6477 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6091
If Short -- exit all contracts at ... 1.6724

 

[Martin Kay]

GBP/USD DAILY as of Tuesday, 16 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 15/09/14

Volatility Analysis
On 15/09/14, British Pound / US Dollar closed down -0.0034 at 1.6229

Period Statistical Change
10-period 11.1262 -0.12
21-period 8.4115 -0.02
39-period 6.8151 -0.00
90-period 5.8547 0.00

Bollinger Bands are 94.43% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 80.1899. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 29.92.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 2 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -54. This is not a topping or bottoming area.The last signal was a buy 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 7 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 215 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 499 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 185 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 9 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


British Pound / US Dollar(GBPUSD)

Analysis of activity through 15/09/14
close: 1.6229

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.6497. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6643. Be prepared for a potential short term price pull back to the 1.6358 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6051
If Short -- exit all contracts at ... 1.6643

 

[Martin Kay]

AUD/USD DAILY as of Wednesday, 17 September, 2014

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 16/09/14

Volatility Analysis
On 16/09/14, Australian Dollar / US Dollar closed up 0.0045 at 0.9080

Period Statistical Change
10-period 11.1033 0.77
21-period 8.7897 0.39
39-period 7.6756 -0.03
90-period 7.8264 0.07

Bollinger Bands are 138.19% wider than normal. Australian Dollar / US Dollar is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 17.4604. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 32.72.This is not a topping or bottoming area.However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -108.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 6 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 71 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 174 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 73 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 5 period(s) ago.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Australian Dollar / US Dollar(AUDUSD) Analysis of activity through 16/09/14
close: 0.9080

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 0.9401. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.9401. Be prepared for a potential short term price pull back to the 0.9210 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 0.8983
If Short -- exit all contracts at ... 0.9401

 

[Martin Kay]

GBP/USD DAILY as of Tuesday, 23 September, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 22/09/14

Volatility Analysis
On 22/09/14, British Pound / US Dollar closed up 0.0082 at 1.6369

Period Statistical Change
10-period 9.0875 -3.50
21-period 10.2660 0.28
39-period 8.2540 0.20
90-period 6.5140 0.09

Bollinger Bands are 61.49% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 59.2339. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 46.06.This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 60. This is not a topping or bottoming area.The last signal was a buy 7 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 4 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 220 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 504 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 190 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 4 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


British Pound / US Dollar(GBPUSD) Analysis of activity through 22/09/14
close: 1.6369

Be prepared for a potential short term price fall back to the 1.6350 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.6523. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6523.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.6051
If Short -- exit all contracts at ... 1.6614

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 30 September, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2716
Buy Stop: 1.2638
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 20 white candles versus 29 black candles with a net of 9 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.67%, and has been fluctuating from a high of 1.286 to a low of 1.266.
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 Sell 62 Period(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 period(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 SELL 62 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 8 period(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 6.5%. Bollinger Bands are 73.88% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 07 October, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 06/10/14

Volatility Analysis
On 06/10/14, Euro Dollar / US Dollar closed up 0.0129 at 1.2643

Period Statistical Change
10-period 10.8690 2.64
21-period 9.5405 1.25
39-period 8.8545 0.77
90-period 6.6542 0.38

Bollinger Bands are 79.87% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 41.2935. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 35.22.This is not a topping or bottoming area.However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -87. This is not a topping or bottoming area.The last signal was a buy 0 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 7 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 109 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 278 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 8 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 13 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 06/10/14
close: 1.2643

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.2863. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2929. Be prepared for a potential short term price pull back to the 1.2761 area.
Suggested standing placement of fail-safe stops...
If Long -- exit all contracts at ... 1.2500
If Short -- exit all contracts at ... 1.2995

 

[Martin Kay]

AUD/USD DAILY as of Tuesday, 14 October, 2014

VIT Daily Analysis

Review of Australian Dollar / US Dollar (AUDUSD)
as of 13/10/14

Volatility Analysis
On 13/10/14, Australian Dollar / US Dollar closed up 0.0070 at 0.8750

Period Statistical Change
10-period 15.6641 0.67
21-period 13.2084 0.51
39-period 11.4542 0.38
90-period 9.3586 0.16

Bollinger Bands are 47.11% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 33.6511. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 39.54.This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -58. This is not a topping or bottoming area.The last signal was a buy 7 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 5 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 90 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 193 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 92 period(s) ago.

Stop and Reverse (SAR)
An SAR Sell signal was generated today. If you are long, this might be a good place to exit.

Summary
The current market condition for Australian Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.

With strong confirmation from the short term trend and a current Sell signal.
Australian Dollar / US Dollar(AUDUSD)

Analysis of activity through 13/10/14
close: 0.8750

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 0.8898. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 0.8898. Be prepared for a potential short term price pull back to the 0.8846 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 21 October, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 20/10/14

Volatility Analysis
On 20/10/14, Euro Dollar / US Dollar closed up 0.0038 at 1.2795

Period Statistical Change
10-period 11.9004 -1.08
21-period 11.4528 -0.22
39-period 10.6896 0.06
90-period 7.6638 0.00

Bollinger Bands are 2.14% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 63.9651. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 50.34.This is not a topping or bottoming area. The last signal was a buy 10 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 102.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a buy 10 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 9 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 119 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 288 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 18 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 9 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 20/10/14
close: 1.2795

Be prepared for a potential short term price fall back to the 1.2762 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.2885. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2885.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 28 October, 2014

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 4 black candles with a net of 1 white candles.
The previous 50 candlestick bars, there are 23 white candles versus 25 black candles with a net of 2 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 14 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.24%, and has been fluctuating from a high of 1.288 to a low of 1.258.
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 82 Period(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 period(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 SELL 4 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 period(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 upper Bollinger Band by 43.8%. Bollinger Bands are 2.15% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 04 November, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2522
Buy Stop: 1.2400
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 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 25 black candles with a net of 2 black candles.
A hammer has formed which has a long lower shadow and closes near the high. Hammers must appear after a significant decline or when prices are oversold(which is the case with Euro Dollar / US Dollar) to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A hanging man has formed which has a very long lower shadow and a small real body. This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it is called a bullish hammer.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.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 1 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.21%, and has been fluctuating from a high of 1.261 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.
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 Sell 87 Period(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 20 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 9 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 8 period(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 5.4%. 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 17.14% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 10 November, 2014

VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 07/11/14

Volatility Analysis
On 07/11/14, US Dollar / Japanese Yen closed up 2.2910 at 114.5630

Period Statistical Change
10-period 28.8418 0.51
21-period 23.0597 0.55
39-period 20.8812 0.70
90-period 26.0779 0.22

Bollinger Bands are 73.05% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 86.1053. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 77.62.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 4 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 180.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 4 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 12 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 26 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 61 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 49 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 11 period(s) ago.

Summary
The current market condition for US Dollar / Japanese Yen is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.


US Dollar / Japanese Yen(USDJPY) Analysis of activity through 07/11/14
close: 114.5630
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 105.0330. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 102.2420. Be prepared for a potential short term price fall back to the 108.0796 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 11 November, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2486
Buy Stop: 1.2361
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 24 white candles versus 25 black candles with a net of 1 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.75%, and has been fluctuating from a high of 1.261 to a low of 1.236.
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 Sell 92 Period(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 25 period(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 SELL 14 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 13 period(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 12.3%. Bollinger Bands are 78.24% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 18 November, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 17/11/14

Volatility Analysis
On 17/11/14, Euro Dollar / US Dollar closed down -0.0079 at 1.2447

Period Statistical Change
10-period 10.0497 0.64
21-period 9.0444 0.15
39-period 10.6713 0.13
90-period 8.5852 0.06

Bollinger Bands are 15.47% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 62.7569. This is not an overbought or oversold reading. The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 41.25.This is not a topping or bottoming area. The last signal was a buy 30 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -12. This is not a topping or bottoming area.The last signal was a buy 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 1 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 12 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 19 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 11 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 1 period(s) ago.

Summary
The current market condition for Euro Dollar / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Euro Dollar / US Dollar(EURUSD)

Analysis of activity through 17/11/14
close: 1.2447

The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.2577. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2608. Be prepared for a potential short term price pull back to the 1.2575 area.

 

[Martin Kay]

GBP/USD DAILY as of Wednesday, 19 November, 2014

VIT Daily Analysis

Review of British Pound / US Dollar (GBPUSD)
as of 18/11/14

Volatility Analysis
On 18/11/14, British Pound / US Dollar closed down -0.0003 at 1.5632

Period Statistical Change
10-period 7.6493 -0.25
21-period 6.9373 -0.32
39-period 8.3989 -0.06
90-period 7.8377 -0.04

Bollinger Bands are 42.21% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 15.3992. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 28.40.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 31 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -130.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 10 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 9 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 545 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 8 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 14 period(s) ago.

Summary
The current market condition for British Pound / US Dollar is: Very Bearish
The close is currently below its 200 period moving average.
The close is currently below its 90 period moving average.
The close is currently below its 30 period moving average.


Analysis of activity through 18/11/14
close: 1.5632

The current trend is down and all orders on the short side may be considered. The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.
If already holding short positions, we would look to take partial profits at any retracement to 1.6001. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.6021. Be prepared for a potential short term price pull back to the 1.5860 area.