Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Saturday, June 9, 2012

Daily Technical Analysis - 10 Jun 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: Sunday 10 June 2012
Time: 10:01 AM (+8 GMT)

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Down Down
Full Stochastic Down Up Down Down
Bollinger Bands Middle Middle Bottom Bottom
Chart Formation Head/Shoulder Unknown Head/Shoulder Flag Downward
Market Direction Down Up Down Down
Market Comments Correction in the short-term but long-term is going downtrend

GBP-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Down Down Up
Full Stochastic Down Up Down Down
Bollinger Bands Middle Bottom Bottom Bottom
Chart Formation Head/Shoulder Unknown Sideway trend Head/Shoulder
Market Direction Down Neutral Down Neutral
Market Comments Short-term down but long-term is neutral sideway trend waiting downtrend breakout

GBP-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Up
Full Stochastic Down Up Down Up
Bollinger Bands Middle Middle Bottom Bottom
Chart Formation Uptrend Double Top Sideway trend Sideway down trend
Market Direction Neutral Neutral Down Up
Market Comments The short-term is making re-tracement and long-term sideway downward trend

EUR-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Down Neutral
Full Stochastic Down Up Down Neutral
Bollinger Bands Middle Middle Bottom Bottom
Chart Formation Upward trend Double Top Sideway trend Sideway trend
Market Direction Down Up Down Neutral
Market Comments Short-term correction but long-term is sideway down trending

AUD-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Down Down
Full Stochastic Down Up Down Down
Bollinger Bands Middle Top Bottom Bottom
Chart Formation Up trend Double Top Double Top Double Top
Market Direction Down Up Down Down
Market Comments Short-term correction and long-term is initiating downtrend

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