Thursday, April 11, 2013

Forex Technical Analysis (11 Apr 2013)

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: 11 April 2013
Time: 7:06 PM (+8 GMT)


GBP-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Up Down Down
Full Stochastic Up Up Up Down
Bollinger Bands Top Top Middle Bottom
Chart Formation N/A N/A N/A Head/Shoulder
Market Direction Up Up Up Sideway
Market Comments Short and Mid-Term moving upwards for correction whereas the long-term direction looks sideway

GBP-USD Monthly Candlestick Chart: Bollinger Bands, Stochastic, MACD Indicators


GBP-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Up Up Up
Full Stochastic Up Up Up Up
Bollinger Bands Top Top Top Top
Chart Formation N/A N/A N/A N/A
Market Direction Up Up Up Up
Market Comments All indicators from short to long-term are heading upwards, this is obviously indicates the bullish trend of the GBP-JPY pairs

GBP-JPY Monthly Candlestick Chart: Bollinger Band, Stochastic, MACD indicators



EUR-JPY
Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Up Up Up Up
Full Stochastic Up Up Up Up
Bollinger Bands Top Top Top Top
Chart Formation N/A N/A N/A N/A
Market
Direction
Up Up Up Up
Market Comments Identical to GBP-JPY the direction for EUR-JPY is also heading upward direction. Strong bullish indication as all indicators going upwards direction


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