• Elektrobit Corporation sell property in Finland Jul 4th, 2008, 09:40 - MTO (Length: 1101)
• Powel ASA signs 3-year maintenance contract with E.ON Vattenkraft in Sweden Jul 4th, 2008, 08:24 - MTO (Length: 856)
• NCC wins wastewater treatment plant project in Stockholm Jul 4th, 2008, 08:24 - MTO (Length: 755)
• Peab AB wins SEK150m railway contract in Ostergotland Jul 4th, 2008, 07:50 - MTO (Length: 926)
• Norwegian ticketing technology developer FARA ASA wins NOK11m upgrade contract Jul 4th, 2008, 07:44 - MTO (Length: 784)
• NCC wins SEK150m railway and road contract Jul 4th, 2008, 07:39 - MTO (Length: 895)
• Euro Still Smarting From Yesterdays Collapse - What Will Fed Do? Jul 4th, 2008, 06:53 - DFX (Length: 2884)
• Sponda Plc sells hotel property in Helsinki Jul 4th, 2008, 06:14 - MTO (Length: 914)
• Outokumpu Oyj signs contract on electricity deliveries with Vattenfall Jul 4th, 2008, 06:14 - MTO (Length: 954)
• Swedish IT company Addnode AB strengthens in Finland, acquires Ravalik Oy Jul 4th, 2008, 06:09 - MTO (Length: 957)

[ More British Pound News ]

Analysis

Thu 7/3/08

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: CAUTION: The market trend has changed direction. Now the market trend is DOWN!

Mov Avg 3 lines Indicator:

Note: 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 bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: the fast moving average slope is down from previous bar, price goes below the fast moving average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market is in overbought territory.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (-0.00) is below zero, indicating an oversold market.

Additional Analysis: 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 UP. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-0.18) is below zero, indicating an oversold market.

Additional Analysis: 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 UP. Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (16.53) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: 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 (16.53) has crossed above zero, issuing a signal to close short positions and initiate long positions.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 48.55). 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.

Additional Analysis: RSI is somewhat oversold (RSI is at 48.55). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: 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 UP. MACD is in bullish territory.

Open Interest Indicator: 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.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: 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 UP. A bearish key reversal off a 5 bar new high here here suggests a decline, and decreasing volume supports the likelihood of a downturn in the market.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. SlowK was down this bar for the first time in a while. Its possible that we may see a down move here. if next bar's SlowK is also down, then a possible top may have been established. The market looks weak both long term and short term. The SlowK is at (61.85). A good downward move is possible without SlowK being oversold.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The short term trend is up.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: 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.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.