|Technical Indicators||4 Hourly||Daily||Weekly||Monthly|
|Chart Formation||Unknown||Unknown||Unknown||3 downward flags|
|Market Comments||The down-trend is still long way to go despite of the minor corrections upward|
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)
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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MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
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