GBPUSD Daily Market Report - Corrective Bear Mode
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Market Mode of Behavior: GBPUSD : FOREX : 1.22897 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Corrective Bear Mode criteria. Price is trending higher.
For the entire data set this market has been in Corrective Bear Mode 11.34% of the time.
The average number of bars spent in this Mode before transitioning normally = 12. Since the current number of bars in Mode = 2, this Mode of Behavior still has 10 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 = 0.01388. This is compared to the current price growth of 0.00381. Based upon the closing price of the most recent bar, price growth has yet to be met.
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Transitions & Time: GBPUSD : FOREX : 1.22897 : Macro: Background on the current Mode of Behavior...
Transition from Trending Bear Mode occurred 2 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the shortest time frame. This TBECBE transition occurs very often. Long-term stratgies applied to this transition do well in hypothetical back-tests. Please see our disclaimer and contact us for more information.
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: GBPUSD : FOREX : 1.22897 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 1.22897 demonstrates that prices should continue higher.
Cautionary price levels 2.21% below the market are outside the Average True Range price percentage window of 0.90%, currently lowering the short-term probability of transitioning out of Corrective 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 = 8.92%. Volatility based upon the 30 day Average True Range = 0.01105 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = 0.01231. The price change versus 1 month ago = 0.01231. The price change versus 1 year ago = -0.04633.
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Advice: GBPUSD : FOREX : 1.22897 : 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 long side. Buy dips. Do not trend trade.
During Corrective Bear Mode short time-frame traders disagree with medium and longer time-frame traders. Short-term corrective rallies are expected. (+--)
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Natural Attraction: GBPUSD : FOREX : 1.22897 : Macro: Expected tendencies and targets...
During Corrective Bear Mode prices should tend towards a point located at 1.27474.
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Support & Resistance: GBPUSD : FOREX : 1.22897 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 1.24976 is exactly 0.02079 points, or 1.7% away.
Trading Band6 Level = 1.26258
Trading Band5 Level = 1.25153
Trading Band4 Level = 1.24047
Trading Band3 Level = 1.22942
Trading Band2 Level = 1.21836
Trading Band1 Level = 1.20731
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Price Growth / Decay Projections: GBPUSD : FOREX : 1.22897 : Macro: Growth / decay projections...
Target#1=1.25623
Distance=0.02726
Move=2.2%
Target#2=1.29354
Distance=0.06457
Move=5.3%
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Common Technicals: GBPUSD : FOREX : 1.22897 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...
Momentum Indicators
09 Day RSI = 58.16
10 Day RSI = 57.29
14 Day RSI = 54.32
Moving Averages
003 Bar MA = 1.22910
004 Bar MA = 1.22403
005 Bar MA = 1.22052
008 Bar MA = 1.21984
010 Bar MA = 1.22093
014 Bar MA = 1.22089
018 Bar MA = 1.21863
020 Bar MA = 1.21744
030 Bar MA = 1.21641
040 Bar MA = 1.22392
050 Bar MA = 1.23013
100 Bar MA = 1.25450
200 Bar MA = 1.27502
Oscillators
12,26 Day MACD = -0.00092
9 Day Smoothed MACD = -0.00337
Difference = 0.00246
Volatility
20 Period Bollinger Bands +2 Devs = 1.23361
20 Period Bollinger Bands -2 Devs = 1.19864
Volume & Open Interest (Futures)
Volume = 0
Open Interest (Futures) = 0
Wilder Parabolic Stop and Reverse
ParabolicSAR = 1.19626
Market Mode of Behavior: GBPUSD : FOREX : 1.22897 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Corrective Bear Mode criteria. Price is trending higher.
For the entire data set this market has been in Corrective Bear Mode 11.34% of the time.
The average number of bars spent in this Mode before transitioning normally = 12. Since the current number of bars in Mode = 2, this Mode of Behavior still has 10 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 = 0.01388. This is compared to the current price growth of 0.00381. Based upon the closing price of the most recent bar, price growth has yet to be met.
Back to Top
Transitions & Time: GBPUSD : FOREX : 1.22897 : Macro: Background on the current Mode of Behavior...
Transition from Trending Bear Mode occurred 2 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the shortest time frame. This TBECBE transition occurs very often. Long-term stratgies applied to this transition do well in hypothetical back-tests. Please see our disclaimer and contact us for more information.
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: GBPUSD : FOREX : 1.22897 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 1.22897 demonstrates that prices should continue higher.
Cautionary price levels 2.21% below the market are outside the Average True Range price percentage window of 0.90%, currently lowering the short-term probability of transitioning out of Corrective 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 = 8.92%. Volatility based upon the 30 day Average True Range = 0.01105 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = 0.01231. The price change versus 1 month ago = 0.01231. The price change versus 1 year ago = -0.04633.
Back to Top
Advice: GBPUSD : FOREX : 1.22897 : 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 long side. Buy dips. Do not trend trade.
During Corrective Bear Mode short time-frame traders disagree with medium and longer time-frame traders. Short-term corrective rallies are expected. (+--)
Back to Top
Natural Attraction: GBPUSD : FOREX : 1.22897 : Macro: Expected tendencies and targets...
During Corrective Bear Mode prices should tend towards a point located at 1.27474.
Back to Top
Support & Resistance: GBPUSD : FOREX : 1.22897 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 1.24976 is exactly 0.02079 points, or 1.7% away.
Trading Band6 Level = 1.26258
Trading Band5 Level = 1.25153
Trading Band4 Level = 1.24047
Trading Band3 Level = 1.22942
Trading Band2 Level = 1.21836
Trading Band1 Level = 1.20731
Back to Top
Price Growth / Decay Projections: GBPUSD : FOREX : 1.22897 : Macro: Growth / decay projections...
Target#1=1.25623
Distance=0.02726
Move=2.2%
Target#2=1.29354
Distance=0.06457
Move=5.3%
Back to Top
Common Technicals: GBPUSD : FOREX : 1.22897 : Macro: Values for commonly used technical analysis indicators...
Macro = Daily Bars...
Momentum Indicators
09 Day RSI = 58.16
10 Day RSI = 57.29
14 Day RSI = 54.32
Moving Averages
003 Bar MA = 1.22910
004 Bar MA = 1.22403
005 Bar MA = 1.22052
008 Bar MA = 1.21984
010 Bar MA = 1.22093
014 Bar MA = 1.22089
018 Bar MA = 1.21863
020 Bar MA = 1.21744
030 Bar MA = 1.21641
040 Bar MA = 1.22392
050 Bar MA = 1.23013
100 Bar MA = 1.25450
200 Bar MA = 1.27502
Oscillators
12,26 Day MACD = -0.00092
9 Day Smoothed MACD = -0.00337
Difference = 0.00246
Volatility
20 Period Bollinger Bands +2 Devs = 1.23361
20 Period Bollinger Bands -2 Devs = 1.19864
Volume & Open Interest (Futures)
Volume = 0
Open Interest (Futures) = 0
Wilder Parabolic Stop and Reverse
ParabolicSAR = 1.19626