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

Saturday, August 26, 2017

Forex Signal GBP-USD Weekly Technical Analysis

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: 26 Aug 2017
Time: 4:36 PM


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

Despite of the bearish direction of the GBP-USD for the past weeks due to correction on the weekly and daily time frame. The overall future projection of the pair is pretty much bullish. This analysis signal is based on the MACD and Stochastic technical indicator in the monthly and 4 Hourly time frame.




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