Strategydb believe that standardized and repetitive analysis instills discipline in trading. Reports list major areas of interest that should be considered when performing technical analysis and / or creating a trading plan.
Market Mode of Behavior: EURGBP : FOREX : 0.88572 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Medium Bear Mode criteria. Price is trending lower.
For the entire data set this market has been in Medium Bear Mode 15.97% of the time.
The average number of bars spent in this Mode before transitioning normally = 14. Since the current number of bars in Mode = 7, this Mode of Behavior still has 7 bars to mature before meeting its average and possibly transitioning. Remember that this analysis is being performed on the bar interval.
The average price growth during this behavior is approximately = -0.00288. This is compared to the current price growth of -0.01136. Based upon the closing price of the most recent bar, price growth has been exceeded.
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Transitions & Time: EURGBP : FOREX : 0.88572 : Macro: Background on the current Mode of Behavior...
Transition from Corrective Bull Mode occurred 7 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the medium time frame. This CBUMBE transition occurs fairly often.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setups for the next trade.
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Standard Analysis: EURGBP : FOREX : 0.88572 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 0.88572 demonstrates that prices should continue lower.
Cautionary price levels 3.32% below the market are outside the Average True Range price percentage window of 0.83%, currently lowering the short-term probability of transitioning out of Medium Bear Mode.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 30 day standard deviation = 7.95%. Volatility based upon the 30 day Average True Range = 0.00731 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = -0.00023. The price change versus 1 month ago = -0.01778. The price change versus 1 year ago = -0.01353.
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Advice: EURGBP : FOREX : 0.88572 : Macro: Straight-forward wisdom on how to position for near-term profits...
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
Range trade this market from the short side. Sell rallies. Do not trend trade.Place sell orders to establish shorts just below recent highs.
During Medium Bear Mode longer time-frame traders disagree with short and medium time-frame traders. Medium-term banded ranges occur with a bearish slope. (--+)
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Natural Attraction: EURGBP : FOREX : 0.88572 : Macro: Expected tendencies and targets...
During Medium Bear Mode prices should tend towards a point located at 0.84853.
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Support & Resistance: EURGBP : FOREX : 0.88572 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 0.91337 is exactly 0.02765 points, or 3.1% away.
Trading Band1 Level = 0.90418
Trading Band2 Level = 0.89687
Trading Band3 Level = 0.88956
Trading Band4 Level = 0.88225
Trading Band5 Level = 0.87494
Trading Band6 Level = 0.86762
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Price Growth / Decay Projections: EURGBP : FOREX : 0.88572 : Macro: Growth / decay projections...
Target#1=0.87665
Distance=0.00907
Move=1.0%
Target#2=0.84711
Distance=0.03861
Move=4.4%
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Common Technicals: EURGBP : FOREX : 0.88572 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...
Momentum Indicators
09 Day RSI = 29.09
10 Day RSI = 30.16
14 Day RSI = 33.87
Moving Averages
003 Bar MA = 0.88572
004 Bar MA = 0.88858
005 Bar MA = 0.88946
008 Bar MA = 0.89160
010 Bar MA = 0.89283
014 Bar MA = 0.89688
018 Bar MA = 0.89897
020 Bar MA = 0.90000
030 Bar MA = 0.90703
040 Bar MA = 0.90771
050 Bar MA = 0.90599
100 Bar MA = 0.89432
200 Bar MA = 0.88418
Oscillators
12,26 Day MACD = -0.00593
9 Day Smoothed MACD = -0.00407
Difference = -0.00186
Volatility
20 Period Bollinger Bands +2 Devs = 0.91745
20 Period Bollinger Bands -2 Devs = 0.88520
Volume & Open Interest (Futures)
Volume = 0
Open Interest (Futures) = 0
Wilder Parabolic Stop and Reverse
ParabolicSAR = 0.91149
Market Mode of Behavior: EURGBP : FOREX : 0.88572 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Medium Bear Mode criteria. Price is trending lower.
For the entire data set this market has been in Medium Bear Mode 15.97% of the time.
The average number of bars spent in this Mode before transitioning normally = 14. Since the current number of bars in Mode = 7, this Mode of Behavior still has 7 bars to mature before meeting its average and possibly transitioning. Remember that this analysis is being performed on the bar interval.
The average price growth during this behavior is approximately = -0.00288. This is compared to the current price growth of -0.01136. Based upon the closing price of the most recent bar, price growth has been exceeded.
Back to Top
Transitions & Time: EURGBP : FOREX : 0.88572 : Macro: Background on the current Mode of Behavior...
Transition from Corrective Bull Mode occurred 7 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the medium time frame. This CBUMBE transition occurs fairly often.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setups for the next trade.
Back to Top
Standard Analysis: EURGBP : FOREX : 0.88572 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 0.88572 demonstrates that prices should continue lower.
Cautionary price levels 3.32% below the market are outside the Average True Range price percentage window of 0.83%, currently lowering the short-term probability of transitioning out of Medium Bear Mode.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 30 day standard deviation = 7.95%. Volatility based upon the 30 day Average True Range = 0.00731 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = -0.00023. The price change versus 1 month ago = -0.01778. The price change versus 1 year ago = -0.01353.
Back to Top
Advice: EURGBP : FOREX : 0.88572 : Macro: Straight-forward wisdom on how to position for near-term profits...
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
Range trade this market from the short side. Sell rallies. Do not trend trade.Place sell orders to establish shorts just below recent highs.
During Medium Bear Mode longer time-frame traders disagree with short and medium time-frame traders. Medium-term banded ranges occur with a bearish slope. (--+)
Back to Top
Natural Attraction: EURGBP : FOREX : 0.88572 : Macro: Expected tendencies and targets...
During Medium Bear Mode prices should tend towards a point located at 0.84853.
Back to Top
Support & Resistance: EURGBP : FOREX : 0.88572 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 0.91337 is exactly 0.02765 points, or 3.1% away.
Trading Band1 Level = 0.90418
Trading Band2 Level = 0.89687
Trading Band3 Level = 0.88956
Trading Band4 Level = 0.88225
Trading Band5 Level = 0.87494
Trading Band6 Level = 0.86762
Back to Top
Price Growth / Decay Projections: EURGBP : FOREX : 0.88572 : Macro: Growth / decay projections...
Target#1=0.87665
Distance=0.00907
Move=1.0%
Target#2=0.84711
Distance=0.03861
Move=4.4%
Back to Top
Common Technicals: EURGBP : FOREX : 0.88572 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...
Momentum Indicators
09 Day RSI = 29.09
10 Day RSI = 30.16
14 Day RSI = 33.87
Moving Averages
003 Bar MA = 0.88572
004 Bar MA = 0.88858
005 Bar MA = 0.88946
008 Bar MA = 0.89160
010 Bar MA = 0.89283
014 Bar MA = 0.89688
018 Bar MA = 0.89897
020 Bar MA = 0.90000
030 Bar MA = 0.90703
040 Bar MA = 0.90771
050 Bar MA = 0.90599
100 Bar MA = 0.89432
200 Bar MA = 0.88418
Oscillators
12,26 Day MACD = -0.00593
9 Day Smoothed MACD = -0.00407
Difference = -0.00186
Volatility
20 Period Bollinger Bands +2 Devs = 0.91745
20 Period Bollinger Bands -2 Devs = 0.88520
Volume & Open Interest (Futures)
Volume = 0
Open Interest (Futures) = 0
Wilder Parabolic Stop and Reverse
ParabolicSAR = 0.91149