Friday, July 20, 2012

EUR-USD Technical Analysis - 20 Jul 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: 20 July 2012
Time: 11:02 PM (+8 GMT)

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Down Down Down
Full Stochastic Down Up Down Down
Bollinger Bands Bottom Bottom Bottom Bottom
Chart Formation Unknown Unknown Unknown 3 downward flags
Market Direction Neutral Neutral Down Down
Market Comments The down-trend is still long way to go despite of the minor corrections upward

Monthly candlestick charting showing the 3 flag formations and strong MACD and Full Stochastic downward direction. The down trend should be over after reaching the previous level somewhere at 1.1924

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