Daily Technical Analysis - 19 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: 19 May 2012

Time: 11:38 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Down
Full Stochastic	Up	Up	Down	Down
Bollinger Bands	Top	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Flag Downward
Market Direction	Up	Down	Down	Down
Market Comments	Short-term upward retracement while the intermediate term is neutral and long-term is downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Head/Shoulder	Gradual upward	Double Top	Head/Shoulder
Market Direction	Up	Down	Up	Up
Market Comments	Short-term is retracement downward while the intermediate is upward and long term is gradual sideway uptrend. The bollinger band in Monthly time frame is squeezing smaller - which indicates sign of breakout.

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Up	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Rally downward	Double Top	Double Bottom	Unknown
Market Direction	Down	Down	Neutral	Up
Market Comments	This is odd pair. Despite of the long-term indicators all showing upward the market is moving downtrend. However the Bollingerband is getting squeezed which indicate a sign of breakout anytime soon most probably 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	Rally downtrend	Rally downtrend
Market Direction	Down	Down	Down	Up
Market Comments	The short-term all heading downtrend. In the long-term is gradual sideway downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Middle
Chart Formation	Rally Downtrend	Head/Shoulder	Double Top	Rally Uptrend
Market Direction	Down	Down	Down	Down
Market Comments	All indicators showing downtrend but the true direction of this pair based on the long-term (monthly time frame) is showing uptrend. Currently there are only 2 peaks of the flag for the long-term and 1 peak left to go. So there is still strong fuel of trend in the long-term.

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	Top
Chart Formation	Rally Uptrend	Rally Uptrend	Double Bottom	Double Bottom
Market Direction	Up	Up	Up	Up
Market Comments	All short-term showing uptrend and the Bollinger Band is also squeezing. This may indicate major long-term uptrend in the near future.