FOREX HKD= closed up 0.001 at 7.756. Volume was 99% below average (consolidating) and Bollinger Bands were 40% narrower than normal.
Open High Low Close Volume___
7.755 7.756 7.755 7.756 62
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 7.76 7.76 7.76
Volatility: 0 0 1
Volume: 4,811 5,312 4,856
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 HKD= is currently 0.1% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume out of HKD= (mildly bearish). Our trend forecasting oscillators are currently bearish on HKD= and have had this outlook for the last 30 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
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 71.6812. This is not an overbought or oversold reading. The last signal was a buy 3 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 43.71. 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 130 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 -21. This is not a topping or bottoming area. The last signal was a buy 3 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 0 period(s) ago.
Latest posts by John Heffernan (see all)
- HANG SENG INDEX (INDEXHANGSENG:HSI) Hong Kong HEFFX Outlook - December 5, 2016
- SSE Composite Index (SHA:000001) HEFFX Outlook Shanghai - December 5, 2016
- Euro (€) ⇨ US Dollar ($)(EURUSD) HEFFX Outlook - December 5, 2016