End of Week Review Sunday 8th October 2017
End of Week Review
Sunday 8th October 2017
Monthly Chart
Candlestick (October is the completed one): bull is less strong, stopped at 114.
- SMA:
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: **showing plateauing – SMA 7 is below SMA 20**.
- EMA:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 20 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is squeezing and it is in the middle of the upper band
Conclusion:
Monthly = plateauing.
Weekly Chart
Candlestick = stagnating – cannot go past 113.53 s/r level – in its 3rd week.
And top of candles r declining – the last bearish one is lower than the previous bullish one.
- SMA 20,50 and 100
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: 50 is above 20 already but 100 is still on the bottom
- EMA 7, 14 and 20:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 15 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is plateauing, it is on the perimeter of upper band.
Conclusion:
Weekly = trend is subsiding, if no push will retrace.
Current s/r = 113.5
The next supports = 114.1 | 113.5 | 112.7
Economic Calendar
US Corporate TAX: don’t know when
Wednesday 15th November 2017 11AM: JAP GDP
Friday 17th November 2017 AM: US Inflation
Thursday 26th November 2017 AM: FOMC Minutes
Friday 1st December 2017 AM: GDP and Personal Income/Spending and JAP Inflation
Saturday 9th December 2017: JOBS
Friday 15th December 2017: Interest Rate
Conclusion:
Weeks ahead is full of economic data release and non economic data release(s).
>Full of mine bombs until 15th December: won’t go anywhere.
Sunday 8th October 2017
Monthly Chart
Candlestick (October is the completed one): bull is less strong, stopped at 114.
- SMA:
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: **showing plateauing – SMA 7 is below SMA 20**.
- EMA:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 20 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is squeezing and it is in the middle of the upper band
Conclusion:
Monthly = plateauing.
Weekly Chart
Candlestick = stagnating – cannot go past 113.53 s/r level – in its 3rd week.
And top of candles r declining – the last bearish one is lower than the previous bullish one.
- SMA 20,50 and 100
slow moving
prone to spikes – less weight on recent periods
good to show trend for longer periods
>> SMA: 50 is above 20 already but 100 is still on the bottom
- EMA 7, 14 and 20:
faster moving > prone to false curves
incorporate more weight on more recent periods
good to show trend for shorter periods
- up trend, price is above MA line, and vice versa
- cross over of lines = a new trend
- a break out = 20 EMA is broken
>>EMA: still bullish
2. Parabolic SAR
- to show if a trend has ended.
>> still show uptrend
3. Stochastic
- to show if a trend is going to end.
How to calculate – later
- if >80 = overbought
- if <20 = oversold
>>at 80 = overbought
4. RSI
- idem
How to calculate – later
- If >50 = overbought
- If <50 = oversold
>> at 50 = overbought
5. ADX
- To find out if the market is ranging or trending
- Ranging = low = 20
- Trending =>
-- going up to 50 = going up
-- going down from 50 = declining
>> declining and at 15 =>> ranging
6. Bollinger Band
- to measure volatility
- how ..? later
1). Band width
2). Band squeeze
3). Band bounce
> band is plateauing, it is on the perimeter of upper band.
Conclusion:
Weekly = trend is subsiding, if no push will retrace.
Current s/r = 113.5
The next supports = 114.1 | 113.5 | 112.7
Economic Calendar
US Corporate TAX: don’t know when
Wednesday 15th November 2017 11AM: JAP GDP
Friday 17th November 2017 AM: US Inflation
Thursday 26th November 2017 AM: FOMC Minutes
Friday 1st December 2017 AM: GDP and Personal Income/Spending and JAP Inflation
Saturday 9th December 2017: JOBS
Friday 15th December 2017: Interest Rate
Conclusion:
Weeks ahead is full of economic data release and non economic data release(s).
>Full of mine bombs until 15th December: won’t go anywhere.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.