Martin Kay Technical Analysis

[Martin Kay]

EUR/USD WEEKLY as of Monday, 24 November, 2014

VIT Weekly Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 21/11/14

Volatility Analysis
On 21/11/14, Euro Dollar / US Dollar closed down -0.0138 at 1.2388

Period Statistical Change
10-period 16.7417 0.30
21-period 13.3918 -0.10
39-period 12.8105 0.16
90-period 16.4259 -0.07

Bollinger Bands are 118.61% wider than normal. Euro 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 19.0755. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 25.67.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 5 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -100. This is not a topping or bottoming area.The last signal was a buy 1 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 33 period(s) ago.

Trend Analysis

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

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 223 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 72 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 3 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 21/11/14
close: 1.2388

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 1.2901. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.3160. Be prepared for a potential short term price pull back to the 1.2745 area.

 

[Martin Kay]

USD/JPY DAILY as of Tuesday, 25 November, 2014

VIT Daily Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 24/11/14

Volatility Analysis
On 24/11/14, US Dollar / Japanese Yen closed up 0.7440 at 118.5670

Period Statistical Change
10-period 8.6166 0.16
21-period 13.6109 -0.09
39-period 13.5691 0.07
90-period 10.2337 0.04

Bollinger Bands are 134.52% wider than normal. US Dollar / Japanese Yen 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 76.6056. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 81.65.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 38 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 117.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 10 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 21 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 18 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 22 period(s) ago.

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

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 22 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.


Analysis of activity through 24/11/14
close: 118.5670
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 114.8900. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 113.8590. Be prepared for a potential short term price fall back to the 116.3942 area.

 

[Martin Kay]

GBP/USD WEEKLY as of Monday, 01 December, 2014

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles.
A 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.A 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).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 18 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 7.84%, and has been fluctuating from a high of 1.710 to a low of 1.559.
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 74 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 7 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 is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a BUY 288 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 17 period(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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 12.6%. Bollinger Bands are 77.61% wider than normal.

 

[Martin Kay]

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

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 01/12/14

Volatility Analysis
On 01/12/14, Euro Dollar / US Dollar closed up 0.0018 at 1.2468

Period Statistical Change
10-period 9.5522 -0.64
21-period 9.6157 -0.33
39-period 10.2891 -0.02
90-period 9.1120 0.01

Bollinger Bands are 48.23% narrower than normal. Euro Dollar / US Dollar is currently experiencing very low volatility as compared to its normal range. The probability of volatility increasing with a sharp price move is likely in the near future.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 47.2913. This is not an overbought or oversold reading. The last signal was a buy 19 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 45.56.This is not a topping or bottoming area. The last signal was a buy 40 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -33. This is not a topping or bottoming area.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 11 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 1 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 29 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 21 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 6 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 01/12/14
close: 1.2468

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 1.2599. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2599. Be prepared for a potential short term price pull back to the 1.2556 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 08 December, 2014

VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 05/12/14

Volatility Analysis
On 05/12/14, US Dollar / Japanese Yen closed up 2.8200 at 121.4800

Period Statistical Change
10-period 28.8497 0.90
21-period 22.7499 0.00
39-period 21.5087 0.57
90-period 26.1410 0.26

Bollinger Bands are 161.11% wider than normal. US Dollar / Japanese Yen 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 94.9922. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 85.13.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 8 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 143.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 8 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 16 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 30 period(s) ago.

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

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 53 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 15 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.


Analysis of activity through 05/12/14
close: 121.4800
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 105.2070.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 09 December, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.2356
Buy Stop: 1.2205
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 4 white candles versus 6 black candles with a net of 2 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 3 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.05%, and has been fluctuating from a high of 1.246 to a low of 1.225.
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 112 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 45 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 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 SELL 34 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 11 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 7.7%. Bollinger Bands are 1.98% 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]

AUD/USD WEEKLY as of Monday, 15 December, 2014

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 25 white candles versus 25 black candles.
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 18 period(s) ago. Since the MACD crossed the MACD moving average, Australian Dollar / US Dollar's price has decreased 11.04%, and has been fluctuating from a high of 0.940 to a low of 0.822.
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 23 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 4 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 is in an 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 37 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 18 period(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 Australian Dollar / US Dollar is Very Bearish
Australian Dollar / US Dollar closed above the lower Bollinger Band by 3.9%. Bollinger Bands are 45.65% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 16 December, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 15/12/14

Volatility Analysis
On 15/12/14, Euro Dollar / US Dollar closed down -0.0019 at 1.2442

Period Statistical Change
10-period 11.9553 -0.00
21-period 10.8729 -0.12
39-period 10.0434 -0.16
90-period 9.8550 -0.00

Bollinger Bands are 21.43% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 72.6750. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 49.10.This is not a topping or bottoming area. The last signal was a buy 50 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 40. This is not a topping or bottoming area.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 3 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 11 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 39 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 Buy 3 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 15/12/14
close: 1.2442

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 1.2495. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2506. Be prepared for a potential short term price pull back to the 1.2487 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 22 December, 2014

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 17 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 14.98%, and has been fluctuating from a high of 121.680 to a low of 102.242.
The MACD is in an overbought range. Prices may continue to move higher for some time. Wait for prices to move lower before considering any sell positions.
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 110 Period(s) Ago.
The RSI is above 70. This is where it usually tops. 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 Sell 10 period(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 is in an overbought condition.

The last Directional Movement Indicators (DMI) signal was a SELL 65 period(s) ago.
A SAR Sell signal generated today. If you are long, this might be a good place to exit.
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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 13.9%. Bollinger Bands are 208.95% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 23 December, 2014

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 22/12/14

Volatility Analysis
On 22/12/14, Euro Dollar / US Dollar closed down -0.0010 at 1.2217

Period Statistical Change
10-period 12.8037 -0.15
21-period 11.0075 -1.00
39-period 10.8674 -0.06
90-period 10.2939 -0.01

Bollinger Bands are 5.96% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 3.4401. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 38.27.This is not a topping or bottoming area. The last signal was a buy 55 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -132.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a sell 3 period(s) ago.

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

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 1 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 44 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 1 period(s) Ago.

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


Analysis of activity through 22/12/14
close: 1.2217

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 1.2515. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2515. Be prepared for a potential short term price pull back to the 1.2465 area.

 

[Martin Kay]

GBP/USD DAILY as of Thursday, 25 December, 2014

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.5570
Buy Stop: 1.5476
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 3 white candles versus 6 black candles with a net of 3 black candles.
The previous 50 candlestick bars, there are 22 white candles versus 27 black candles with a net of 5 black candles.
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, British Pound / US Dollar's price has increased 0.15%, and has been fluctuating from a high of 1.561 to a low of 1.549.
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 Buy 147 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 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 156 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 4 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 British Pound / US Dollar is Very Bearish
British Pound / US Dollar closed above the lower Bollinger Band by 8.2%. Bollinger Bands are 28.47% 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]

USD/JPY WEEKLY as of Monday, 29 December, 2014

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 9 white candles versus 1 black candles with a net of 8 white candles.
The previous 50 candlestick bars, there are 32 white candles versus 18 black candles with a net of 14 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 18 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 15.81%, and has been fluctuating from a high of 121.680 to a low of 102.242.
The MACD is in an overbought range. Prices may continue to move higher for some time. Wait for prices to move lower before considering any sell positions.
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 111 Period(s) Ago.
The RSI is above 70. This is where it usually tops. 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 Sell 11 period(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 is in an overbought condition.

The last Directional Movement Indicators (DMI) signal was a SELL 66 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 14.1%. Bollinger Bands are 204.93% wider than normal.

 

[Martin Kay]

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

Euro Dollar / US Dollar-EURUSD
As of 29/12/14
*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.2121
Sell Stop: 1.2249
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 2 white candles versus 8 black candles with a net of 6 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 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.63%, and has been fluctuating from a high of 1.230 to a low of 1.214.
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 127 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 60 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 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 SELL 49 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 7 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 11.9%. Bollinger Bands are 46.01% wider than normal.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 05 January, 2015

VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 02/01/15

Volatility Analysis
On 02/01/15, US Dollar / Japanese Yen closed unchanged 0.0000 at 120.3530

Period Statistical Change
10-period 28.8744 0.82
21-period 25.5474 -0.39
39-period 21.9541 0.03
90-period 25.6924 -0.03

Bollinger Bands are 160.41% wider than normal. US Dollar / Japanese Yen 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 73.7087. 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 75.73.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 12 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 sell 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 20 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 34 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 69 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 57 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 2 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.


Analysis of activity through 02/01/15
close: 120.3530
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 112.5680. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 105.2070. Be prepared for a potential short term price fall back to the 115.6665 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 05 January, 2015

VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 02/01/15

Volatility Analysis
On 02/01/15, US Dollar / Japanese Yen closed unchanged 0.0000 at 120.3530

Period Statistical Change
10-period 28.8744 0.82
21-period 25.5474 -0.39
39-period 21.9541 0.03
90-period 25.6924 -0.03

Bollinger Bands are 160.41% wider than normal. US Dollar / Japanese Yen 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 73.7087. 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 75.73.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 12 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 sell 2 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 20 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Buy 34 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 69 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 57 period(s) ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 2 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.


Analysis of activity through 02/01/15
close: 120.3530
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 112.5680. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 105.2070. Be prepared for a potential short term price fall back to the 115.6665 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 06 January, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1976
Buy Stop: 1.1834
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 20 white candles versus 30 black candles with a net of 10 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.The two candles preceding the falling window were black, which makes this pattern even more bearish.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 11 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.37%, and has been fluctuating from a high of 1.230 to a low of 1.190.
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 132 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 65 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 is in an oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 54 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 12 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 1.2%. Bollinger Bands are 107.14% wider than normal.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 12 January, 2015

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 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 20 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 13.97%, and has been fluctuating from a high of 121.680 to a low of 102.242.
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 113 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 period(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 SELL 68 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
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 27.5%. Bollinger Bands are 181.52% wider than normal.

 

[tomorton]

Clear, objective analysis Martin. Thanks for the summary on USD/JPY, but what's your system's conclusion on this pair for this week - Buy, Sell or stay flat - and why?

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 13 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 12/01/15

Volatility Analysis
On 12/01/15, Euro Dollar / US Dollar closed down -0.0009 at 1.1829

Period Statistical Change
10-period 5.9813 0.12
21-period 7.6123 -0.67
39-period 9.5243 -0.33
90-period 9.9522 -0.03

Bollinger Bands are 80.59% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 25.6510. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 26.03.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 70 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -89. 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 16 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 16 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 59 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 16 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 17 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 12/01/15
close: 1.1829

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 1.2169. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2220. Be prepared for a potential short term price pull back to the 1.1962 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 19 January, 2015

A black body has formed as prices closed lower 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 31 white candles versus 19 black candles with a net of 12 white candles.
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 BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 21 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 13.11%, and has been fluctuating from a high of 121.680 to a low of 102.242.
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 114 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 Sell 1 period(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 SELL 69 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 4 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 US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 33.4%. Bollinger Bands are 161.91% wider than normal.