The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Volatility appears to be declining, as evidenced by a decreasing distance between the upper and lower bands over the last few bars. The market appears oversold, but may continue to become more oversold before reversing. Look for some price strength before taking any bullish positions based on this indicator. The market just signaled a bullish key reversal off a 9 bar new low, suggesting that a rally is possible here.

In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average.

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average. Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: Conventional Interpretation - Long Term: Additional Analysis - Long Term: The SlowK line crossed above the SlowD line; this indicates a buy signal. The stochastic is in oversold territory SlowK is at 7. The long term trend is DOWN.

The short term trend is DOWN. Don't be fooled looking for a bottom here because of this indicator. The stochastic indicator is only good at picking bottoms in a Bull Market in which we are not.

Exit short positions only if some other indicator tells you to. The stochastic is in oversold territory SlowK is at 6.

The swing index has crossed zero, identifying this bar as a short term pivot point. The volatility trend, based on a 9 bar moving average, has just switched to down. The long term market trend, based on a 45 bar moving average, is DOWN.

The short term market trend, based on a 5 bar moving average, is DOWN. A bullish key reversal off a 5 bar new low here suggests an upmove, and decreasing volume supports the likelihood of an upturn in the market.

DMI + alert

RSI is in neutral territory. RSI is at This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone. RSI is somewhat oversold RSI is at Supporting this outlook, forex market images bullish key reversal off a 9 bar trading forex 20 pips per hari low here suggests an upturn in the market.

ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests taiwan stock exchange futures weakening trend which is subject to reversal. Currently the ADX is falling.

Commodity Selection Index (CSI) | Forex Indicators Guide

The long term trend, based on a 45 bar moving average, is down. Dmi forex indicator download falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead. This short position should be covered when the CCI crosses back into the neutral center region.

CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation,CCI Begin looking for an attractive point to cover short positions and return to the australia usd exchange rate history. DMI is in bearish territory.

However, a bullish key reversal off a 9 bar new low here suggests an upside move is possible. MACD is in bearish territory, but has not issued a signal here.

MACD generates a signal when the FastMA crosses above or below the SlowMA. The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN.

MACD is in bearish territory. However, the market just signaled a bullish key reversal off a 9 bar new low. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

A bullish key reversal off a 9 bar new low here confirms this outlook. Open Interest is in a downtrend based on a 9 bar moving average.

While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity. Rate of Change Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice. See TradingCharts' Privacy Statement.

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Mov Avg 3 lines Indicator: For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average Conventional Interpretation - Short Term: Price is below the moving average so the trend is down.

Market trend is DOWN. Stochastic - Fast Indicator: Stochastic - Slow Indicator: No indications for volume.

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