*** Comments prior to evaluation summary ***
Thursday 7 May 2020 traded as a bull engulfing bar in consolidation. Price target generated from this event is: 1740.5
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish . The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 73.00 points/ticks/pips. Prices are currently 1.31x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1609.11 and 1747.74.
While in consolidation the trade range may decrease to 45.114 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1634.42 to 1766.78 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1700.60 to 1773.60 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 1711.99 before moving toward 1740.5
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 2 - 4 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish , 0.00% are bearish , 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Suggested stops based on long positions on weekly chart:
SAR value at: 1489.88
In consolidation and bullish (Consolidation Low - (ATR * .5)): 1572.61
Close - (ATR * 1.5) at: 1591.1
SMA 13 at: 1630.02
Thursday 7 May 2020 traded as a bull engulfing bar in consolidation. Price target generated from this event is: 1740.5
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish . The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 73.00 points/ticks/pips. Prices are currently 1.31x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1609.11 and 1747.74.
While in consolidation the trade range may decrease to 45.114 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1634.42 to 1766.78 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1700.60 to 1773.60 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 1711.99 before moving toward 1740.5
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 2 - 4 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish , 0.00% are bearish , 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Suggested stops based on long positions on weekly chart:
SAR value at: 1489.88
In consolidation and bullish (Consolidation Low - (ATR * .5)): 1572.61
Close - (ATR * 1.5) at: 1591.1
SMA 13 at: 1630.02