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
No comments:
Post a Comment