HEFFX Notes Euro
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 1.14.
The projected lower bound is: 1.10.
The projected closing price is: 1.12.
FOREX EUR= closed up 0.006 at 1.117. Volume was 25% below average (neutral) and Bollinger Bands were 17% narrower than normal.
Open High Low Close Volume
1.112 1.119 1.110 1.117 58,386
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period
Close: 1.11 1.12
Volatility: 9 12
Volume: 67,316 81,891
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.
FOREX EUR= is currently 0.8% above its 200-period moving average and is in an upward trend. Volatility is 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 6 periods.
HEFFX Momentum Euro
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 47.8096. This is not an overbought or oversold reading. The last signal was a sell 4 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 55.87. 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 sell 128 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 68. This is not a topping or bottoming area. The last signal was a sell 4 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 10 period(s) ago.
Latest posts by John Heffernan (see all)
- Micron Technology, Inc.(NASDAQ:MU) Trading Outlook - October 5, 2016
- Eur (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook - October 5, 2016
- Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook - September 18, 2016