Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 6.6 points/ticks/pips. Prices are currently 2.58x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 0.01 and 21.34.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Daily: The average price range currently is 4.91 points/ticks/pips. Prices are currently .15x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 6.6 and 21.34.
While in consolidation the trade range may decrease to 2.472 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 2.66 to 36.73 for the following week.
Daily: Standard deviation suggests a range from 14.58 to 24.81 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 15.62 to 23.00 for the following week.
Daily: Trend strength suggests a trade range of 16.67 to 22.73 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 23.56
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Daily: Price currently displays (if strength and attitude continue) a desire to move first toward 20.57 before moving toward 22.73
If strength and attitude continue, it could take between 1 - 2 trade periods (days) for the first projection and 2 - 4 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 9.09% are bullish, 90.91% are bearish, 0.00% are neutral
Daily: Out of the cumulative indicators monitored, 63.64% are bullish, 0.00% are bearish, 36.36% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bearish - short reentries.
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Open directional trades
Daily Bullish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Prices are in consolidation. Do not enter into any new trades at this time. Wait for the break out of the consolidation to occur.
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 6.6 points/ticks/pips. Prices are currently 2.58x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 0.01 and 21.34.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Daily: The average price range currently is 4.91 points/ticks/pips. Prices are currently .15x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 6.6 and 21.34.
While in consolidation the trade range may decrease to 2.472 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 2.66 to 36.73 for the following week.
Daily: Standard deviation suggests a range from 14.58 to 24.81 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 15.62 to 23.00 for the following week.
Daily: Trend strength suggests a trade range of 16.67 to 22.73 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 23.56
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Daily: Price currently displays (if strength and attitude continue) a desire to move first toward 20.57 before moving toward 22.73
If strength and attitude continue, it could take between 1 - 2 trade periods (days) for the first projection and 2 - 4 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 9.09% are bullish, 90.91% are bearish, 0.00% are neutral
Daily: Out of the cumulative indicators monitored, 63.64% are bullish, 0.00% are bearish, 36.36% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bearish - short reentries.
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Open directional trades
Daily Bullish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Prices are in consolidation. Do not enter into any new trades at this time. Wait for the break out of the consolidation to occur.