Trade Alert for Thursday Apr 17, 2008.
The market has dropped out of the current trading channel. The market closed below the bottom fibonacci fan line. Prices could really fall out now. The CCI is above 100. This par is overbought at this time.
Next Day Trading Ranges
The 20 day moving average of the daily trading range is 91 and the 60 day moving average of the daily trading range is 112. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 57.89 percent. This means that if this par does not drop more than 23 from the opening price then there is a 57.89 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 0.9449.
The [R2] or the extreme high trading range is 0.9423.
The [R1] or the high trading range is 0.9390.
The [P] or pivot point is 0.9364.
The [S1] or the low trading range is 0.9331.
The [S2] or the extreme low trading range is 0.9305.
The [S3] or the most extreme low trading range is 0.9272.
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 0.9336 then that could be a sign that the current upward momentum is reversing.
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[...] forexminitrader.com wrote an interesting post today onHere’s a quick excerpt Trade Alert for Thursday Apr 17, 2008. The market has dropped out of the current trading channel. The market closed below the bottom fibonacci fan line. Prices could really fall out now. The CCI is above 100. This par is overbought at this time. Next Day Trading Ranges The 20 day moving average of the daily trading range is 91 and the 60 day moving average of the daily trading range is 112. This shows that volatility has decreased in the short term. The percentage of updays when the [...]
[...] forexminitrader.com wrote an interesting post today onHere’s a quick excerpt Trade Alert for Thursday Apr 17, 2008. The market has dropped out of the current trading channel. The market closed below the bottom fibonacci fan line. Prices could really fall out now. The CCI is above 100. This par is overbought at this time. Next Day Trading Ranges The 20 day moving average of the daily trading range is 91 and the 60 day moving average of the daily trading range is 112. This shows that volatility has decreased in the short term. The percentage of updays when the [...]