strategydb

EURUSD Daily Market Report

Short
FX:EURUSD   Euro / U.S. Dollar
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: EURUSD : FOREX : 1.10719 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Trending Bear Mode criteria. Price is trending lower.

For the entire data set this market has been in Trending Bear Mode 18.38% of the time.

The average number of bars spent in this Mode before transitioning normally = 17. Since the current number of bars in Mode = 16, this Mode of Behavior still has 1 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 = -0.01883. This is compared to the current price growth of -0.00086. Based upon the closing price of the most recent bar, price growth has yet to be met.

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Transitions & Time: EURUSD : FOREX : 1.10719 : Macro: Background on the current Mode of Behavior...
Transition from Corrective Bear Mode occurred 16 bar(s) ago.

According to our signal logic, this transition occurred normally and triggered on the shortest time frame. This CBETBE transition occurs very 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: EURUSD : FOREX : 1.10719 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 1.10719 demonstrates that prices should continue lower.

Cautionary price levels 0.72% below the market are outside the Average True Range price percentage window of 0.56%, currently lowering the short-term probability of transitioning out of Trending 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 = 4.83%. Volatility based upon the 30 day Average True Range = 0.00624 points, (based upon the underlying's price scale.)

The price change versus 1 week ago = 0.00459. The price change versus 1 month ago = 0.00799. The price change versus 1 year ago = -0.03957.

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Advice: EURUSD : FOREX : 1.10719 : 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.

Trend trade this market from the short side.

During Trending Bear Mode competition is one sided, making buyers scarce. If you like pyramding winners, now may be your chance. (---)

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Natural Attraction: EURUSD : FOREX : 1.10719 : Macro: Expected tendencies and targets...
During Trending Bear Mode prices should tend towards a price structure located at 1.09676.

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Support & Resistance: EURUSD : FOREX : 1.10719 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET

A key level to watch, located at 1.12828 is exactly 0.02109 points, or 1.9% away.


Trading Band1 Level = 1.10579
Trading Band2 Level = 1.09955
Trading Band3 Level = 1.09331
Trading Band4 Level = 1.08708
Trading Band5 Level = 1.08084
Trading Band6 Level = 1.07460
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Price Growth / Decay Projections: EURUSD : FOREX : 1.10719 : Macro: Growth / decay projections...
Target#1 Hit @ 1.10753

Target#2 Hit @ 1.09676
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Common Technicals: EURUSD : FOREX : 1.10719 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...


Momentum Indicators

09 Day RSI = 54.30
10 Day RSI = 52.90
14 Day RSI = 49.37

Moving Averages

003 Bar MA = 1.10485
004 Bar MA = 1.10471
005 Bar MA = 1.10470
008 Bar MA = 1.10413
010 Bar MA = 1.10275
014 Bar MA = 1.10351
018 Bar MA = 1.10499
020 Bar MA = 1.10538
030 Bar MA = 1.10928
040 Bar MA = 1.11031
050 Bar MA = 1.11303
100 Bar MA = 1.11839
200 Bar MA = 1.12598

Oscillators

12,26 Day MACD = -0.00266
9 Day Smoothed MACD = -0.00346
Difference = 0.00080

Volatility

20 Period Bollinger Bands +2 Devs = 1.11423
20 Period Bollinger Bands -2 Devs = 1.09672

Volume & Open Interest (Futures)

Volume = 0
Open Interest (Futures) = 0

Wilder Parabolic Stop and Reverse

ParabolicSAR = 1.11203

Disclaimer

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