USDJPY - FOREX : FOREX
102.274 : 08/12/2014 : 745 ET Change: 0.089: (0.09%)
Medium Bull Mode
Report Type = Micro, Intra-Day 15 Min.
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- Market Behavior
- Standard Analysis
- Natural Attraction
- Support / Resistance
- Price Projections
strategydb believe that standardized and repetitive analysis instills discipline in trading. strategydb lists major areas of interest that should be considered when performing technical analysis and / or creating a trading plan.
| Market Mode of Behavior: USDJPY : FOREX : 102.274 : Micro: Eight specific situations that dictate the current trading strategy... |
Currently, this market meets the Medium Bull Mode criteria. Price is trending higher.
For the entire data set this market has been in Medium Bull Mode 18.62% of the time.
The average number of bars spent in this Mode before transitioning normally = 16. Since the current number of bars in Mode = 15, this Mode of Behavior still has 1 bars to mature before meeting its average and possibly transitioning. Remember that this analysis is being performed on the 15min_ bar interval.
The average price growth during this behavior is approximately = 0.060. This is compared to the current price growth of 0.002. Based upon the closing price of the most recent bar, price growth has yet to be met.
| Transitions & Time: USDJPY : FOREX : 102.274 : Micro: Some background on the current Mode of Behavior... |
Transition from Volatile Bear Mode occurred 15 bar(s) ago. This transition occurs frequently.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setting up for the next trade.
| Standard Analysis: USDJPY : FOREX : 102.274 : Micro: A closer look at the current Mode of Behavior... |
The current bar's close at 102.274 demonstrates that prices should continue higher.
Cautionary price levels 0.00% below the market are inside the Average True Range price percentage window of 0.03%, currently increasing the short-term probability of transitioning out of Medium Bull Mode .
Caution is advised if prices move below 102.271. Prices below this level suggest a transition.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 16 bar Average True Range = 0.031 points, (based upon the underlying's price scale.)
The price change versus 1 hour ago = -0.001. The price change versus 12 hours ago = -0.019. The price change versus 24 hours ago = 0.122.
| Advice: USDJPY : FOREX : 102.274 : Micro: Straight-forward wisdom on how to best be positioned for near-term profits... |
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
Range trade this market from the long side. Buy dips. Do not trend trade.
Place buy orders to establish longs above recent lows.
During Medium Bull Mode longer time-frame traders disagree with short and medium time-frame traders. Medium-term banded ranges occur with a bullish slope. (++-)
| Natural Attraction: USDJPY : FOREX : 102.274 : Micro: Notes the price that the underlying market is expected to tend towards... |
During Medium Bull Mode prices should tend towards a price structure located at 102.725.
A long-term price structure located at 102.725 is less than 0.4% away.
| Support & Resistance: USDJPY : FOREX : 102.274 : Micro: This area of analysis generates specific trading levels or bands... |
A key level to watch is located at 102.180 is exactly 0.094 points or 0.1% away. Trading Band6 Level = 102.443
Trading Band5 Level = 102.412
Trading Band4 Level = 102.381
Trading Band3 Level = 102.350
Trading Band2 Level = 102.318
Trading Band1 Level = 102.287
Target#1 Hit @ 102.314
| Price Growth / Decay Projections: USDJPY : FOREX : 102.274 : Micro: This area provides unique growth / decay projections... |
Target#2 =102.369 Distance=0.095 Move=0.1%
Market Report End: USDJPY : FOREX : 102.274 : Micro