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

Friday, August 31, 2012

Daily Technical Analysis - 31 August 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: 31 August 2012 
Time: 4:00 PM (+8 GMT)

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Up Up Down
Full Stochastic Down Up Up Down
Bollinger Bands Bottom Top Middle Bottom
Chart Formation N/A N/A N/A Triple Top
Market Direction Down Up Up Down
Market Comments Intermediate Term is correction the long-term trend is still bearish


No comments:

Popular Posts