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 Stochastic	Up	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