*** Comments prior to evaluation summary ***
An enveloping bar formed in the market the week. This can have an impact coming into the new week. The envelope indicated a desire to move toward 43 - 45. As always this is dependent on if the strength and attitude continue.
A measurable event was triggered on Friday (daily) indicating a desire to break for 41.50
The weekly stochastic is not indicating any weakness. The stochastic may begin to bounce in the "overbought" as it consolidates strength in order to attempt a push back thru 50. Last months (monthly chart) has a trigger indicating 48. While the single bar analysis of last month also indicated 46.
So don't be surprised if we see a "pause" enter the market between 45 - 50.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 7.39 points/ticks/pips. Prices are currently .57x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 34.38 and 40.49.
While in consolidation the trade range may decrease to 4.326 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 27.13 to 51.71 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 34.85 to 43.99 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 43.19 before moving toward 45.52
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 0.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
An enveloping bar formed in the market the week. This can have an impact coming into the new week. The envelope indicated a desire to move toward 43 - 45. As always this is dependent on if the strength and attitude continue.
A measurable event was triggered on Friday (daily) indicating a desire to break for 41.50
The weekly stochastic is not indicating any weakness. The stochastic may begin to bounce in the "overbought" as it consolidates strength in order to attempt a push back thru 50. Last months (monthly chart) has a trigger indicating 48. While the single bar analysis of last month also indicated 46.
So don't be surprised if we see a "pause" enter the market between 45 - 50.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 7.39 points/ticks/pips. Prices are currently .57x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 34.38 and 40.49.
While in consolidation the trade range may decrease to 4.326 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 27.13 to 51.71 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 34.85 to 43.99 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 43.19 before moving toward 45.52
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 0.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.