Signal Setups Index Report:
Signal Setups Index 15-May-2020
Signal Setups FX USD Major Report:
Signal Setups Forex USD 15-May-2020
The charts show the H:L:C bars for the last 30 days.
Each daily price bar has a colour coded signal:
Green (bullish), Red (bearish), Grey (Neutral).
Structural Breaks Price Channel:
A price channel with structural breaks is also shown.
A green channel indicates an uprend.
A red channel indicates a downtrend.
Both green and red channel lines indicate uncertainty.
A narrowing wedge shaped channel may be followed
by a breakout.
Support & Resistance:
The support, pivot and resistance levels for the
next day are shown by the blue lines on
the right hand side of the chart.
A sustained move above resistance or
support may indicate a change in trend behaviour.
The direction bias is shown as a blue bar within the support and resistance lines.
A positive bias must be confirmed by an intraday
price above the pivot. A negative bias must be
confirmed by an intraday price below the pivot.
The report gives a daily outlook of the markets.
For intraday entry, an intraday chart must be examined.
It is recommended to look at the 1hr chart and 5min chart to establish a good entry point in a market.
Trading View is an excellent site for intraday charts and information.
Breaking News and Fundamental Analysis:
It is important to be aware to breaking news and any fundamental analysis that may effect the markets. Breaking news may also be followed with a sudden reversal in trend.
Forex Factory is an excellent site that has an economic calendar and news.
The above information is the output of algorithms on price alone and are not to be taken as investment or trading advice and must be viewed together with fundamental analysis
and breaking news. Past performance is not indicative of future results. Historical Data may be subject to revision which may affect the signal and channel lines.
Every effort has been taken to present the correct information, however, neither Price Dynamics Ltd nor its staff are liable to any error that may occur
Customised reports can be prepared on request.
The Signal Setups reports are produced Monday – Friday, 50 weeks per year and are delivered by email.
If for any reason a report is unable to be produced, an extra report will be credited.