Thursday, May 17, 2012

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 UptrendSideway Trending Head/Shoulder
Market Direction Down DownNeutral 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 UnknownDouble Bottom
Market Direction Up Up Up Neutral
Market Comments At the bottom of downtrend and there is strong possibility of uptrend in long term

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