Question
Create a chart on Soybean, Japanese Yen, and S & P 500 futures with F-Stochastic, S-Stochastic, ADX, and RSI. Write two lines of interpretation of
Create a chart on Soybean, Japanese Yen, and S & P 500 futures with F-Stochastic, S-Stochastic, ADX, and RSI. Write two lines of interpretation of each technical indicator for these three charts and provide an overall conclusion.
HINT: Use bar chart, and example An example answer:
You divide the answer in three segments and then integrate them
Direction of the wind: According to fast stochastic the wind is upward/downward as green line intersect the black line from below/ cutting from above. Slow stochastic confirms/rejects that interpretation.
Strength of the wind: According to ADX, the direction identified has strong/weak wind as it is at higher/lower part of the curve.
RSI of the wind: According to RSI, direction identified has strong/weak will last long/short as it is in the middle/overbought or oversold area.
Integration (an example): The direction of the wind is identified to go up with with strong market momentum and is expected to last long.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started