Current Weekly Trend (price relationship to the trend MA) is Bullish The price relationship to the moving averages currently suggest Long positions. Current chart score suggests that Bullish Sentiment is present. The anticipated upcoming trade range is between 2915.33 - 3025.27 Price Consolidation has formed between: 2822.1 - 3025.6 Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish, 83.33% are bullish and 16.67% are neutral
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bull The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish The price relationship to the moving averages currently suggest Long positions. Current chart score suggests that Bullish Sentiment is present. The anticipated upcoming trade range is between 2949.57 - 2991.03 Prices have broken through the consolidation high
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Bullish The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bullish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
What is the Trending Moving Average because I never heard of this type of indicator. Also 2993 not 2991 is the resistance in my opinion.
priceprophet
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@lawrence.khodorkovsky, Moving averages are used for numerous things, generally the slowest moving average on a chart is normally the moving average used to define a trend. Prices above the trending MA, bullish, longs only. Prices below the trending MA, bearish, shorts only.