Martin Kay Technical Analysis

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 07/06/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 110.0837
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 26 white candles versus 23 black candles with a net of 3 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 15 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.19%, and has been fluctuating from a high of 112.696 to a low of 109.115.
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 49 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 19 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 15 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 16 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 US Dollar / Japanese Yen is Very Bearish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 13.1%. Bollinger Bands are 12.43% 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]

Weekly US Dollar / Japanese Yen-USDJPY As of 09/06/17

A white body has formed as prices closed higher 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 29 white candles versus 21 black candles with a net of 8 white candles.
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 on-neck line has formed. This is a bearish pattern where prices should move lower when the white candlestick's (i.e., the most recent) low is penetrated.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.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 16 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.08%, and has been fluctuating from a high of 115.503 to a low of 108.131.
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 Buy 5 Week(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 23 week(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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 11 week(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
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 27.2%. Bollinger Bands are 34.88% 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]

Daily US Dollar / Japanese Yen-USDJPY As of 09/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 109.9250
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 white body has formed as prices closed higher 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 27 white candles versus 22 black candles with a net of 5 white 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 17 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.63%, and has been fluctuating from a high of 112.696 to a low of 109.115.
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 Buy 51 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 21 day(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 17 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 18 day(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 US Dollar / Japanese Yen is Very Bearish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 30.8%. Bollinger Bands are 28.85% 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]

Euro Dollar / US Dollar-EURUSD As of 12/06/17

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1221
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.
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).MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.53%, and has been fluctuating from a high of 1.128 to a low of 1.117.
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 53 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 14 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of Euro Dollar / US Dollar has not. This is a BEARISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 148 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 6 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 48.6%. Bollinger Bands are 43.28% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

British Pound / US Dollar-GBPUSD As of 13/06/17

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.2789
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 24 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 1.38%, and has been fluctuating from a high of 1.305 to a low of 1.264.
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 Buy 9 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 31 day(s) ago.

Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 3 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 day(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 15.6%. Bollinger Bands are 24.88% 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]

US Dollar / Japanese Yen-USDJPY As of 14/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 108.7100
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 20 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.59%, and has been fluctuating from a high of 112.696 to a low of 108.874.
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 Buy 54 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 24 period(s) ago.

Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 20 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 21 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 US Dollar / Japanese Yen is Very Bearish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 4.7%. Bollinger Bands are 40.97% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 16/06/17

A white body has formed as prices closed higher 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 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 17 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.69%, and has been fluctuating from a high of 115.503 to a low of 108.131.
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 Buy 6 Week(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 24 week(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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 12 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 1 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
BELOW its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 35.5%. Bollinger Bands are 40.41% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 week(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 16/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 110.5337
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 6 white candles versus 4 black candles with a net of 2 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
A bearish harami has formed where the current small black body is contained within an unusually large white body. During an uptrend this pattern implies an end to the rally as the bulls appear to have exhausted.
During a downtrend(which is the case with US Dollar / Japanese Yen) the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.
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.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 111.415 to a low of 110.646.
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 Buy 56 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 26 day(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 22 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 1 day(s) Ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Bearish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 44.4%. Bollinger Bands are 42.52% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 3 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Euro Dollar / US Dollar-EURUSD As of 19/06/17

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1119
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 big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 20 black candles with a net of 8 white candles.
A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend (which is the case with Euro Dollar / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 10 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.00%, and has been fluctuating from a high of 1.129 to a low of 1.113.
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 58 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 19 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(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 153 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 day(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 13.5%. Bollinger Bands are 53.00% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 5 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

British Pound / US Dollar-GBPUSD As of 20/06/17

*** Intra-Daily Trading Strategy: SELL British Pound / US Dollar
Sell Target: 1.2571
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 big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 29 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 2.29%, and has been fluctuating from a high of 1.305 to a low of 1.260.
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 Buy 14 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 36 day(s) ago.

The RSI has just reached its lowest value in the last 14 day(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 8 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 7 day(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 0.5%. Bollinger Bands are 25.62% 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]

US Dollar / Japanese Yen-USDJPY As of 21/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 111.0093
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
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.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.40%, and has been fluctuating from a high of 111.785 to a low of 110.646.
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 Buy 59 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 29 day(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 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 25 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 4 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 28.6%. Bollinger Bands are 43.79% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 23/06/17

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 30 white candles versus 20 black candles with a net of 10 white 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 18 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 1.33%, and has been fluctuating from a high of 115.503 to a low of 108.131.
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 Buy 7 Week(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 25 week(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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 13 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 week(s) ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
BELOW its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 43.4%. Bollinger Bands are 41.05% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 week(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 23/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 111.1407
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 27 white candles versus 23 black candles with a net of 4 white candles.
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 BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.37%, and has been fluctuating from a high of 111.785 to a low of 110.646.
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 Buy 61 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 31 day(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 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 27 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 6 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 28.0%. Bollinger Bands are 46.03% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 3 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Euro Dollar / US Dollar-EURUSD As of 26/06/17

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1163
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 15 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.65%, and has been fluctuating from a high of 1.129 to a low of 1.112.
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 Buy 1 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 24 day(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 158 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 7 day(s) ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 39.7%. Bollinger Bands are 52.16% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 10 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

British Pound / US Dollar-GBPUSD As of 27/06/17

*** Intra-Daily Trading Strategy: BUY British Pound / US Dollar
Buy Target: 1.2871
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!!!!!
* Chaos Trading System
BUY signal generated today. ENTER BUY and exit sell at market price on the next Daily open.
A big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
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 29 white candles versus 21 black candles with a net of 8 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.285 to a low of 1.272.
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 Buy 19 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 41 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The last Directional Movement Indicators (DMI) signal was a SELL 13 day(s) ago.
A SAR Buy signal generated today. If you are short, this might be a good place to exit.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
With strong confirmation from the short term-trend and a current Buy signal. The current market condition for British Pound / US Dollar is Very Bullish
British Pound / US Dollar closed below the upper Bollinger Band by 41.1%. Bollinger Bands are 28.09% 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]

US Dollar / Japanese Yen-USDJPY As of 28/06/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 111.9433
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 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 28 white candles versus 22 black candles with a net of 6 white candles.
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 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 8 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.29%, and has been fluctuating from a high of 112.464 to a low of 110.646.
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 Buy 64 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 34 day(s) ago.
The RSI has just reached its highest value in the last 14 day(s). This is BULLISH 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 30 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 9 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 7.2%. Bollinger Bands are 32.32% 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]

Weekly US Dollar / Japanese Yen-USDJPY As of 30/06/17

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 30 white candles versus 20 black candles with a net of 10 white 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 19 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.37%, and has been fluctuating from a high of 115.503 to a low of 108.131.
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 Buy 8 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 26 day(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 ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.
The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 14 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 3 day(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 38.0%. Bollinger Bands are 42.15% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 2 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 30/06/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 112.7197
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 28 white candles versus 22 black candles with a net of 6 white candles.
A engulfing bullish line has formed where a white candle's real body completely contains the previous black candle's real body. The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which is the case with US Dollar / Japanese Yen), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 10 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.34%, and has been fluctuating from a high of 112.924 to a low of 110.646.
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 Buy 66 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 36 day(s) ago.

Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.
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 32 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 11 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 12.7%. Bollinger Bands are 25.79% 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]

Euro Dollar / US Dollar-EURUSD As of 03/07/17

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1345
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 27 white candles versus 21 black candles with a net of 6 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 3 day(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.07%, and has been fluctuating from a high of 1.145 to a low of 1.129.
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 Buy 6 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 1 day(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 163 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 4 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bullish
Euro Dollar / US Dollar closed below the upper Bollinger Band by 15.6%. Bollinger Bands are 6.81% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.