Eur (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook

Eur (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook

Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook

HEFFX Notes

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 100.11.

The projected upper bound is: 102.37.

The projected lower bound is: 101.07.

The projected closing price is: 101.72.

EUR INDEX closed up 0.145 at 101.678. Volume was 8,900% above average (trending) and Bollinger Bands were 5% wider than normal.

Open          High           Low           Close           Volume
101.569      101.805      101.523     101.678      8,136

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period    50-period     200-period
Close:                       100.81         100.28           99.27
Volatility:                4                   4                     6
Volume:                  814               163                 41

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary EUR
EUR INDEX is currently 2.4% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect very strong flows of volume into =EUR (bullish). Our trend forecasting oscillators are currently bullish on =EUR and have had this outlook for the last 2 periods. Our momentum oscillator is currently indicating that =EUR is currently in an overbought condition.

 

EUREurope photo

HEFFX Momentum EUR
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 90.1108. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 31 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.59. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 32 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 207.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 6 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 8 period(s) ago.

 

The following two tabs change content below.

You must be logged in to post comments :  
CONNECT WITH