Saturday, May 19, 2012

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.

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