Thursday, May 10, 2012

Daily Technical Analysis - 10 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: 10 May 2012
Time: 10:05 PM (+8 GMT)

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Up Down
Full Stochastic Up Down Down Up
Bollinger Bands Middle Bottom Middle Bottom
Chart Formation Head/Shoulder Downward Wedges Head/Shoulder Downward Wedges
Market Direction Up Down Neutral Down
Market Comments Short term Up and Sideway | Longterm Down Trend

GBP-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Up Up
Full Stochastic Up Down Up Up
Bollinger Bands Top Middle Top Middle
Chart Formation Gradual Sideway Gradual Upward Trend Sideway Trend Head/Shoulder
Market Direction Up Down Up Up
Market Comments Short term Upward and Sideway | Long-term Up and Sideway

GBP-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Up Up
Full Stochastic Up Down Down Up
Bollinger Bands Top Middle Top Middle
Chart Formation Head/Shoulder M Shape Side Way Trend Side Way Trending
Market Direction Up Down Neutral Up
Market Comments Overall sideways trending

EUR-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Up Up
Full Stochastic Up Down Down Up
Bollinger Bands Middle Bottom Middle Bottom
Chart Formation Sideway Sideway Downward Trend Sideway Trend Sideway Trend
Market Direction Up Down Neutral Up
Market Comments Overall sideways trending

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 Downward Gradual Downward Sideways Trend Gradual Uptrend
Market Direction Up Down Down Down
Market Comments Overall Downward movement but Upward Trending

USD-CAD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Down Up
Full Stochastic Down Up Up Down
Bollinger Bands Middle Top Bottom Middle
Chart Formation Upward Trend Sideway Trending Sideway Trend Sideway Trending
Market Direction Down Up Sideways Sideway
Market Comments Head and Shoulder but in the longer term it is still sideway trending

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