Monday, May 28, 2012

Daily Technical Analysis - 28 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: 28 May 2012
Time: 9:23 AM (+8 GMT)

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Down
Full Stochastic Up Down Down Up
Bollinger Bands Middle Bottom Bottom Bottom
Chart Formation Rally Down Flag Downward Flag Downward Flag Down
Market Direction Up Down Down Neutral
Market Comments Short-term and Long-term down trend

GBP-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Up
Full StochasticUp Down Down Up
Bollinger Bands Middle Bottom Middle Middle
Chart Formation Rally Downward Flag Upward Head/Shoulder Head/Shoulder
Market Direction Down Down Sideway Trending Sideway trending
Market Comments Short-term downtrend | Long-term sideway and downtre

GBP-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Up
Full Stochastic Down Down Down Up
Bollinger Bands Middle Bottom Middle Middle
Chart Formation Rally Downward Head/Shoulder Sideway trending Sideway trending
Market Direction Down Down Down Up
Market Comments Sideway trending gradual downwards

EUR-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Up
Full Stochastic Down Down Down Down
Bollinger Bands Middle Bottom Bottom Bottom
Chart Formation Rally Down Head/Shoulder Flag Downward Flag Downward
Market Direction Neutral Down Down Neutral
Market Comments Short-term downtrend and Long-term sideway downward

AUD-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Down
Full Stochastic Up Up Down Down
Bollinger Bands Top Bottom Bottom Bottom
Chart Formation Rally Downward Head/Shoulder Double Top Flag Upward
Market Direction Up Neutral Down Down
Market Comments Short and Intermediate term goes down but the true direction based on chart formation is upward trending

USD-CAD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Up Up
Full Stochastic Down Up Up Up
Bollinger Bands Middle Top Top Top
Chart Formation Rally Up Unknown Sideway Double Bottom Double Bottom
Market Direction Down Up Up Up
Market Comments The pair is waiting for major break out for uptrend

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