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

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

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

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

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

Moving Averages: 10-period      50-period      200-period

Close:                      1.11                    1.12                 1.11

Volatility:               9                         12                    11

Volume:                 67,316              81,891            69,684

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
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.

Euro

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.

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 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.

MACD

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.

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