Friday, April 23, 2010

4/23 Morningline: Other Indicators

The dollar-yen currency pair (USD/JPY) is switched into bull phase on the parabolic sar, a day after Person's Proprietary Signal flipped into the bull column.

The signal was accompanied by a rise that so far has traversed 1.1% low to high.


The USD/JPY forex pair has a low average directional index, 19, and cannot be said to have a trend. The pair remains 0.6% below upside resistance, and must exceed that level -- ¥94.78 -- to be convincing.

The other indicators this morning are trading within their ranges, with a bias to the upside, and merit barely a mention, or none. I'll opt for none and go straight to the glance.

trendadxpsarppsmacdmacd
trend
stosto
trend
JNK $39.93
GLD $112.25
USO $40.41
EEM $42.78
EUR/USD $1.3317
USD/JPY ¥94.16
At 10:33 a.m. Eastern

Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points

Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book.


Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic


Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index


About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.


New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.

No comments:

Post a Comment