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

Tuesday, August 29, 2017

EUR-USD Technical Analysis 29 Aug 2017

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 Set tings:- Average = 20 | Standard Deviation = 2
Date: 29 Aug 2017
Time: 3:37 PM

EUR-USD
Technical Indicators 4 Hourly Daily Weekly Monthly
Fibonacci Retracement
MACD Up Up Up Up
Fully Stochastic Down Up Up Up
Bollinger Band
Chart Formation
Market Direction Neutral Up Up Up
Market Comments



As MACD and Stochastic indicators in the major time frames all heading upwards there is a strong indication the bullish direction will hit the previous major resistance at 1.2230 mark. The EUR is definitely gain strength even after Brexit effect.

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