Monthly Chart Candlestick: October hasn’t completed, but September = very bullish marubozu appeared.
EMA 7 crossed upwards
Parabolic SAR still shows an uptrend
Stochastic is edging towards 80 (ie overbought) RSI idem
ADX = low = 20 & declining. > ranging.
Bollinger band: it is nudging into upper band
Momentum is declining
Conclusion: Trend is upwards but needs a pull towards resistance line
Weekly Chart Candlestick: a doji
EMA 7 crossed upwards
Parabolic SAR still shows an uptrend
*Stochastic = 80 > overbought
ADX = below 20 > it is downtrend
Bollinger Band = in the upper band. It has touched the line and it is flattening and squeezing.
Conclusion: Aligning with monthly conclusion, there is a potential of slight correction. Wait for economic calendar.
Economic Calendar Tuesday 10th October 2017 10.50 current account Wednesday 11th October 2017 10.50 30Y bond auction Thursday 12th October 2017 AM: FOMC Friday 13th October 2017: US Inflation
Sunday 15th October 2017: IMF, G30.
Monday 14th October 2017 AM: Yellen Speech. Friday 19th October 2017 AM: US Job.
Thursday 19th October 2017 10.50 balance of trade minutes, Friday 20th October 2017 AM: US GDP and Job.
Sunday 22th October 2017 Japan Election Saturday 30th October 2017 10.30 Job & CPI Tuesday 31st October 2017 2PM BOJ Rate
Conclusion: Weeks ahead is full of economic data release and non economic data release(s).
Comment
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Chart Pattern Daily> Boxing between 114 – 108. ATM = hovering at 112.7 s/r level. It seems not to have enough support to go up to 114. The next supports = 113.57 & 114.16.