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

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

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

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 1.08.

The projected lower bound is: 1.04.

The projected closing price is: 1.06.

FOREX EUR= closed down -0.002 at 1.059. Volume was 92% below average (consolidating) and Bollinger Bands were 18% narrower than normal.

Open     High    Low     Close    Volume
1.060    1.061    1.058   1.059    9,106

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period    50-period    200-period
Close:                       1.05              1.07               1.11
Volatility:                11                  11                   9
Volume:                   79,560        129,276         94,327

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 EURUSD
FOREX EUR= is currently 4.3% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of EUR= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on EUR= and have had this outlook for the last 5 periods.

Eur, Usd, Dollar, EURUSD, HEFFX, Shayne Heffernan, Outlook, Europe,

HEFFX Momentum EURUSD
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 73.3334. This is not an overbought or oversold reading. The last signal was a buy 11 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 53.78. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 29 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 187.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 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.

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John Heffernan

Admin at XEDV

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