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