Martin Kay Technical Analysis

[Martin Kay]

EUR/USD DAILY as of Tuesday, 20 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 19/01/15

Volatility Analysis
On 19/01/15, Euro Dollar / US Dollar closed up 0.0020 at 1.1591

Period Statistical Change
10-period 8.3338 0.49
21-period 6.8191 0.19
39-period 9.3829 -0.10
90-period 10.2033 0.02

Bollinger Bands are 91.57% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 28.1221. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 20.32.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 75 period(s) ago.

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

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

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 21 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 64 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 22 period(s) ago.

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


Analysis of activity through 19/01/15
close: 1.1591

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 1.1896. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.2087. Be prepared for a potential short term price pull back to the 1.1792 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 26 January, 2015

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 31 white candles versus 19 black candles with a net of 12 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 0 period(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 118.862 to a low of 116.919.
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 115 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 2 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 70 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 5 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 34.3%. Bollinger Bands are 142.63% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 27 January, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 26/01/15

Volatility Analysis
On 26/01/15, Euro Dollar / US Dollar closed up 0.0049 at 1.1248

Period Statistical Change
10-period 17.2750 0.79
21-period 12.8165 0.45
39-period 12.4001 0.13
90-period 11.4268 0.04

Bollinger Bands are 131.87% 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 16.3635. This is an oversold reading. Monitor for reversal signal when the Oscillator crosses above 20. The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 21.16.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 80 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -160.This is an oversold reading. Monitor for reversal signal when the indicator crosses above -100. The last signal was a buy 3 period(s) ago.

MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a sell 26 period(s) ago.

Trend Analysis

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

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

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 26 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 26/01/15
close: 1.1248

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 1.1845. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1871. Be prepared for a potential short term price pull back to the 1.1574 area.

 

[Lord Flasheart]

Martin, are you a profitable trader or just provide analysis?

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 02 February, 2015

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 31 white candles versus 19 black candles with a net of 12 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 1 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.24%, and has been fluctuating from a high of 118.862 to a low of 116.919.
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 116 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 3 period(s) ago.

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of US Dollar / Japanese Yen 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 71 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 6 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 37.6%. Bollinger Bands are 128.45% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 03 February, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 02/02/15

Volatility Analysis
On 02/02/15, Euro Dollar / US Dollar closed up 0.0066 at 1.1339

Period Statistical Change
10-period 19.6996 0.48
21-period 14.8124 0.37
39-period 12.7052 -0.04
90-period 11.8405 0.08

Bollinger Bands are 90.81% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 58.7097. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 33.89.This is not a topping or bottoming area.However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -51. 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 0 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 31 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 74 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 31 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 7 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 02/02/15
close: 1.1339

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 1.1677. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1677. Be prepared for a potential short term price pull back to the 1.1499 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 09 February, 2015

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 31 white candles versus 19 black candles with a net of 12 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 BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 2 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.16%, and has been fluctuating from a high of 119.216 to a low of 116.873.
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 117 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 4 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 72 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
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 31.1%. Bollinger Bands are 120.09% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 10 February, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1367
Buy Stop: 1.1230
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 19 white candles versus 31 black candles with a net of 12 black 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 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.12%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 157 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 5 period(s) ago.

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

The last Directional Movement Indicators (DMI) signal was a SELL 79 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 33.7%. Bollinger Bands are 77.72% wider than normal.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 16 February, 2015

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 31 white candles versus 19 black candles with a net of 12 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).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 3 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.85%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 118 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 5 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 73 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 8 period(s) ago.
The close is currently
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 35.0%. Bollinger Bands are 109.41% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 17 February, 2015

Euro Dollar / Australian Dollar is long term Bullish as the 144 bars moving average of 1.46 is increasing. The Relative Strength Index is at 52.59 in the neutral territory. The Relative Momentum Index is at 55.53 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 39.19. This value is in the neutral territory.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Euro Dollar / Australian Dollar is currently 0.8% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Trend forecasting oscillators are currently bullish on EURAUD and have had this outlook for the last 7 periods.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 23 February, 2015

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 31 white candles versus 19 black candles with a net of 12 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.06%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 119 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 6 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 74 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 9 period(s) ago.
The close is currently
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 35.5%. Bollinger Bands are 98.34% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 24 February, 2015

*** Intra-Daily Trading Strategy: SELL Euro Dollar / US Dollar
Sell Target: 1.1287
Sell Stop: 1.1431
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 17 white candles versus 33 black candles with a net of 16 black candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 14 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 1.09%, and has been fluctuating from a high of 1.153 to a low of 1.127.
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 167 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 15 period(s) ago.

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

The last Directional Movement Indicators (DMI) signal was a SELL 89 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 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 Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed above the lower Bollinger Band by 38.5%. Bollinger Bands are 46.76% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 02 March, 2015

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 32 white candles versus 18 black candles with a net of 14 white candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.53%, and has been fluctuating from a high of 120.471 to a low of 116.873.
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 120 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 7 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 75 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 10 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 34.0%. Bollinger Bands are 74.89% wider than normal.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 03 March, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.1223
Buy Stop: 1.1117
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 20 white candles versus 30 black candles with a net of 10 black candles.
A inverted hammer has formed. If this occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it implies a reversal. Look for a confirmation of the reversal on the 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).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 shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.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 19 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 2.44%, and has been fluctuating from a high of 1.153 to a low of 1.116.
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 172 Period(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 20 period(s) ago.

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

The last Directional Movement Indicators (DMI) signal was a SELL 94 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell 2 period(s) ago.
The close is currently
BELOW its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for Euro Dollar / US Dollar is Very Bearish
Euro Dollar / US Dollar closed below the lower Bollinger Band by 2.5%. Bollinger Bands are 21.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 09 March, 2015

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 32 white candles versus 18 black candles with a net of 14 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 6 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.58%, and has been fluctuating from a high of 121.277 to a low of 116.873.
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 121 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 8 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 76 period(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 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
With strong confirmation from the short term-trend and a current Buy signal. The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 25.7%. Bollinger Bands are 39.90% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 10 March, 2015

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar
Buy Target: 1.0885
Buy Stop: 1.0780
Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 19 white candles versus 31 black candles with a net of 12 black candles.
A inverted hammer has formed. If this occurs during a downtrend(which is the case with Euro Dollar / US Dollar) it implies a reversal. Look for a confirmation of the reversal on the 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).A shooting star has formed which has a small real body near the bottom of the candle and a long upper shadow. During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 4 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 3.09%, and has been fluctuating from a high of 1.122 to a low of 1.083.
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 177 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 25 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 99 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 below the lower Bollinger Band by 9.3%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that Euro Dollar / US Dollar is in to continue. Bollinger Bands are 73.68% wider than normal.
Present wave patterns are:

iFast amplitude (1%): bearish wave 1

iNormal amplitude (3%): bearish wave 3

iSlow amplitude (5%): bearish wave 1

Euro Dollar / US Dollar is long term Bearish as the 144 bars moving average of 1.21 is decreasing. The Relative Strength Index is at 23.00 in the oversold territory. The Relative Momentum Index is at 10.44 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.04, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 0.00. This value is in the oversold territory.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 16 March, 2015

VIT Weekly Analysis

Review of US Dollar / Japanese Yen (USDJPY)
as of 13/03/15

Volatility Analysis
On 13/03/15, US Dollar / Japanese Yen closed up 0.5310 at 121.3170

Period Statistical Change
10-period 15.6000 0.17
21-period 24.5790 -0.57
39-period 22.0914 -0.16
90-period 21.4147 -1.26

Bollinger Bands are 7.11% narrower than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 82.5217. This is an overbought reading. Monitor for reversal signal when the Oscillator crosses below 80. The last signal was a sell 12 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 71.53.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 9 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 172.This is an overbought reading. Monitor for reversal signal when the indicator crosses below 100. The last signal was a sell 12 period(s) ago.

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

Trend Analysis

Aroon
An Aroon Buy signal was generated today.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 79 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 67 period(s) ago.

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

Summary
The current market condition for 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.

With strong confirmation from the short term trend and a current Buy signal.
Analysis of activity through 13/03/15
close: 121.3170
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 115.8480. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 115.8480. Be prepared for a potential short term price fall back to the 116.7404 area.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 17 March, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 16/03/15

Volatility Analysis
On 16/03/15, Euro Dollar / US Dollar closed up 0.0075 at 1.0570

Period Statistical Change
10-period 16.1417 1.80
21-period 13.6818 0.76
39-period 16.7968 0.25
90-period 13.2851 0.12

Bollinger Bands are 134.49% 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 20.0886. 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 25.85.This is where it usually bottoms which often ocurs before the underlying asset. The last signal was a buy 30 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is -99. 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 10 period(s) ago.

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 17 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 104 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 9 period(s) Ago.

Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Sell 12 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 16/03/15
close: 1.0570

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 1.1185. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1245. Be prepared for a potential short term price pull back to the 1.0801 area.

 

[Martin Kay]

USD/JPY WEEKLY as of Monday, 23 March, 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.
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 (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend, 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 8 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 1.85%, and has been fluctuating from a high of 122.015 to a low of 116.873.
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 123 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 78 period(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 2 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 33.9%. Bollinger Bands are 24.11% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

EUR/USD DAILY as of Tuesday, 24 March, 2015

VIT Daily Analysis

Review of Euro Dollar / US Dollar (EURUSD)
as of 23/03/15

Volatility Analysis
On 23/03/15, Euro Dollar / US Dollar closed up 0.0133 at 1.0941

Period Statistical Change
10-period 24.3545 1.08
21-period 19.5008 0.89
39-period 17.3687 0.11
90-period 14.7442 0.23

Bollinger Bands are 88.21% wider than normal.

Momentum Indicators

Stochastic Oscillator
The Stochastic Oscillator is 58.3859. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)
The current value of the RSI is 48.86.This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)
The current value of the CCI is 57. This is not a topping or bottoming area.The last signal was a buy 5 period(s) ago.

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

Trend Analysis

Aroon
There were no Aroon signals generated today. The last signal was a Sell 22 period(s) ago.

Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Sell 109 period(s) ago.

MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Sell 14 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 23/03/15
close: 1.0941

Be prepared for a potential short term price fall back to the 1.0783 area. The current trend is down and all orders on the short side may be considered. If already holding short positions, we would look to take partial profits at any retracement to 1.1029. Traders with remaining short positions after profit taking should consider placing exit stops in the region of 1.1031.