*** Comments prior to evaluation summary ***
Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change.
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 892.60 points/ticks/pips. Prices are currently 2.5x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 30793.27 and 31193.4.
While in consolidation the trade range may decrease to 551.256 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 29990.07 to 32205.89 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 31097.98 to 31990.58 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 31163 before moving toward 31438
If strength and attitude continue, it could take between 3 - 6 trade periods (weeks) for the first projection and 3 - 6 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, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change.
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 892.60 points/ticks/pips. Prices are currently 2.5x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 30793.27 and 31193.4.
While in consolidation the trade range may decrease to 551.256 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 29990.07 to 32205.89 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 31097.98 to 31990.58 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 31163 before moving toward 31438
If strength and attitude continue, it could take between 3 - 6 trade periods (weeks) for the first projection and 3 - 6 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, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades