Key Levels

R3: 1.3484
R2: 1.3393
R1: 1.3246
PP: 1.3155
S1: 1.3008
S2: 1.2917
S3: 1.2771
(The Key levels are based on the Pivot Points at GMT)


Daily Outlook

The general trend is still bearish. All indicators are bearish. The EURUSD pair crossed the S1 line at 1.3008.

Trading Strategy

Stand aside.

Used indicators on that chart

Pivot Points

Pivot Point = previous day high - (previous day low + previous day close) / 3
Find here the IBTimesFX Pivot Point calculator

Moving Averages

200 simple, 28 exp., 18 exp. 12 linear weighted, 5 linear weighted

ADX (14)

ADX: Calculation of positive and negative directed movement (Directional Movement or DM) - +DMj and -DMj
If Highj (a maximum of a current bar)> Highj-1 (a maximum of the previous bar),
That +DMj = Highj - Highj-1, differently +DMj = 0
Find here more about the calculation of the ADX and the D+ and D-.

RSI (21)

RSI = 100 - ((100 / (1+RS))
RS = Average Gain / Average Loss
Learn more about the RSI.

MACD (12, 26, 9)

MACD is the difference between the 12 and the 26 periods moving average. The Signals Line is the 9 periods exponential Moving average. The Histogram shows the difference between the MACD and the Signal line.
Learn more about the MACD.


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