End of Week Review
Sunday 8th October 2017
Monthly Chart
Candlestick (October is the completed one): bull is less strong, stopped at 114.
- SMA:
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: **showing plateauing – SMA 7 is below SMA 20**.
- EMA:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 20 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is squeezing and it is in the middle of the upper band
Conclusion:
Monthly = plateauing.
Weekly Chart
Candlestick = stagnating – cannot go past 113.53 s/r level – in its 3rd week.
And top of candles r declining – the last bearish one is lower than the previous bullish one.
- SMA 20,50 and 100
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: 50 is above 20 already but 100 is still on the bottom
- EMA 7, 14 and 20:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 15 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is plateauing, it is on the perimeter of upper band.
Conclusion:
Weekly = trend is subsiding, if no push will retrace.
Current s/r = 113.5
The next supports = 114.1 | 113.5 | 112.7
Economic Calendar
US Corporate TAX: don’t know when
Wednesday 15th November 2017 11AM: JAP GDP
Friday 17th November 2017 AM: US Inflation
Thursday 26th November 2017 AM: FOMC Minutes
Friday 1st December 2017 AM: GDP and Personal Income/Spending and JAP Inflation
Saturday 9th December 2017: JOBS
Friday 15th December 2017: Interest Rate
Conclusion:
Weeks ahead is full of economic data release and non economic data release(s).
>Full of mine bombs until 15th December: won’t go anywhere.
Sunday 8th October 2017
Monthly Chart
Candlestick (October is the completed one): bull is less strong, stopped at 114.
- SMA:
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: **showing plateauing – SMA 7 is below SMA 20**.
- EMA:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 20 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is squeezing and it is in the middle of the upper band
Conclusion:
Monthly = plateauing.
Weekly Chart
Candlestick = stagnating – cannot go past 113.53 s/r level – in its 3rd week.
And top of candles r declining – the last bearish one is lower than the previous bullish one.
- SMA 20,50 and 100
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: 50 is above 20 already but 100 is still on the bottom
- EMA 7, 14 and 20:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 15 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is plateauing, it is on the perimeter of upper band.
Conclusion:
Weekly = trend is subsiding, if no push will retrace.
Current s/r = 113.5
The next supports = 114.1 | 113.5 | 112.7
Economic Calendar
US Corporate TAX: don’t know when
Wednesday 15th November 2017 11AM: JAP GDP
Friday 17th November 2017 AM: US Inflation
Thursday 26th November 2017 AM: FOMC Minutes
Friday 1st December 2017 AM: GDP and Personal Income/Spending and JAP Inflation
Saturday 9th December 2017: JOBS
Friday 15th December 2017: Interest Rate
Conclusion:
Weeks ahead is full of economic data release and non economic data release(s).
>Full of mine bombs until 15th December: won’t go anywhere.