Monday, May 13, 2013

AUD-USD Weekly Technical Analysis (13 May 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: 13 May 2013
Time: 9:48 PM (+8 GMT)

Technical Indicators 4 Hourly Daily Weekly Monthly
MACD Down Down Down Down
Full Stochastic Up Down Down Down
Bollinger Bands Bottom Bottom Bottom Bottom
Chart Formation N/A N/A N/A N/A
Market Direction Neutral Down Down Down
Market Comments MACD and Stochastic both goes down in Weekly time frame supported by Daily and Monthly Time Frame. Going short for AUD-USD with the expected target at at least at 0.9810 by the end of this week. We wait and see if this is true.

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