*** Comments prior to evaluation summary ***
Expecting a move toward the low of the consolidation range.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 9413 - 9258, might see further weakness enter in order to touch this range.
Expecting a touch of two of the three following prices in the next two weeks: 9626, 9537, and 9413.
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 584.7 points/ticks/pips. Prices are currently 1.4x 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 9489.6 and 10306.9.
While in consolidation the trade range may decrease to 360.912 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9032.4 to 10663.3 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 9488.06 to 10210.74 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 9537 before moving toward 10042
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 entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Expecting a move toward the low of the consolidation range.
The week of 8 Jun was an envelope bar - signalling for a price break-down toward 9413 - 9258, might see further weakness enter in order to touch this range.
Expecting a touch of two of the three following prices in the next two weeks: 9626, 9537, and 9413.
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 584.7 points/ticks/pips. Prices are currently 1.4x 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 9489.6 and 10306.9.
While in consolidation the trade range may decrease to 360.912 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9032.4 to 10663.3 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 9488.06 to 10210.74 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 9537 before moving toward 10042
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 entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades