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 close current positions.
Price Action:
Weekly: The average price range currently is 7.20 points/ticks/pips. Prices are currently .14x 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 have broken through the high value of the consolidaiton range.
Standard Deviation
Weekly: Standard deviation suggests a range from 17.44 to 49.68 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 29.11 to 38.01 for the following week.
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 35.81
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 45.45% are bullish, 18.18% are bearish, 36.36% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
The daily chart is 100% Bullish while the weekly chart is still catching up and currently only has 2 out of 6 indicators on the "bull" side. With one indicator in "neutral" status heading toward bull.
Suggested stops base on weekly chart:
Close - (ATR * 1.5) at: 33.5610.8
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 close current positions.
Price Action:
Weekly: The average price range currently is 7.20 points/ticks/pips. Prices are currently .14x 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 have broken through the high value of the consolidaiton range.
Standard Deviation
Weekly: Standard deviation suggests a range from 17.44 to 49.68 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 29.11 to 38.01 for the following week.
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 35.81
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 45.45% are bullish, 18.18% are bearish, 36.36% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
The daily chart is 100% Bullish while the weekly chart is still catching up and currently only has 2 out of 6 indicators on the "bull" side. With one indicator in "neutral" status heading toward bull.
Suggested stops base on weekly chart:
Close - (ATR * 1.5) at: 33.5610.8