| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| GBP/USD $1.5286 |
This has been a whippy little currency exchange of late -- a two-day whipsaw in mid-February, an eight-day disappointment in mid-March, and a six-day walk on the bear side in late March.
Can this signal be believed?
The preponderance of signals are on the bear side and have been for four trading days or so. The lack of a strong trend (adx is 25) makes any signal a bit doubtful, and the trned has mainly been down since January, making a bull rally counter-trend and therefor doubly suspect.
But, with the leverage forex allows, even a small move can show profit.
You are here:
- Reversal
- $1.6457, +7.7%
- $1.6069, +5.1%
- $1.5815, +3.5%
- $1.5380, +0.6%
- Now $1.5286
- Reversal
- $1.4871, -2.7%
- $1.4797, -3.2%
- $1.4782, -3.3%
This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.
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
About the glance: The colors indicate the state of each signal.
- trend: green for up, red for down, yellow for sideways
- adx: green for above 30-up, red for 20-down, yellow 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.
No comments:
Post a Comment