Daily Technical Analysis - 17 May 2012

MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9

Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Period Full =7

Bollinger Bands Settings:- Average = 20 | Standard Deviation = 2

Date: 17 May 2012

Time: 11:19 PM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Gradual downtrend	Head/Shoulder	Head/Shoulder	Flag Downtrend
Market Direction	Up	Down	Down	Down
Market Comments	Short Term and Long-term downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Head/Shoulder	Flag Uptrend	Sideway Trending	Head/Shoulder
Market Direction	Down	Down	Neutral	Sideway Up
Market Comments	The trend is moving sideway but the major breakout waiting for downtrend

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Gradual Downtrend	Double Top	Sideway downtrend	Gradual downtrend
Market Direction	Down	Down	Neutral	Up
Market Comments	Gradual sideway downtrend waiting for the long-term major breakout uptrend

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Bottom
Chart Formation	Rally downtrend	Head/Shoulder	Sideway downtrend	Double Bottom
Market Direction	Down	Down	Down	Down
Market Comments	Market is gradually going down and waiting for the major breakout in long-term

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Down	Down
Bollinger Bands	Middle	Bottom	Bottom	Middle
Chart Formation	Gradual downtrend	Head/Shoulder	Double Top	Flag Uptrend
Market Direction	Up	Down	Down	Down
Market Comments	This is tricky - indicators shows downtrend but the true movement is uptrend

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Up
Full Stochastic	Up	Up	Up	Down
Bollinger Bands	Top	Top	Top	Middle
Chart Formation	Rally Uptrend	Unknown	Unknown	Double Bottom
Market Direction	Up	Up	Up	Neutral
Market Comments	At the bottom of downtrend and there is strong possibility of uptrend in long term