Trade Alert for - Symbol EUR/USD
Trade Alert for Tuesday Apr 15, 2008
Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end.
TRENDLINE ALERT: Support level of 1.5793 was broken today. Look for a possible drop to the next support level.
Next Day Trading Ranges for Tuesday Apr 15, 2008
The 20 day moving average of the daily trading range is 167 pips and the 60 day moving average of the daily trading range is 145. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 89.94 percent. This means that if this Par does not drop more than 42 from the opening price then there is a 89.94 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 1.5986.
The [R2] or the extreme high trading range is 1.5931.
The [R1] or the high trading range is 1.5861.
The [P] or pivot point is 1.5806.
The [S1] or the low trading range is 1.5736.
The [S2] or the extreme low trading range is 1.5681.
The [S3] or the most extreme low trading range is 1.5611.
Current Day Trading Session:
Momentum is continuing upward at the present time.
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[...] FOREXGEN wrote an interesting post today onHere’s a quick excerpt Trade Alert for - Symbol EUR/USD Trade Alert for Tuesday Apr 15, 2008 Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end. TRENDLINE ALERT: Support level of 1.5793 was broken today. Look for a possible drop to the next support level. Next Day Trading Ranges [...]