gbp usd technical analysis 14-Dec-2020 forex

Very tricky position to trade the GBP-USD on monday 14-Dec-2020 because it was significantly oversold. Therefore a potential pullback for correction on the 4H is possible yet again continuation further down is also possible. We will wait and see until MACD on the 4H time frame changes course...

 

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GBP-USD Daily Technical Analysis 03-Dec-2020

Based on the price action - most traders should be thinking the GBP-USD is going down in the daily time frame at least for 1 candlestick down today. But then again from the bigger picture on the monthly time frame the GBP-USD is strong bullish and it could trigger an immediate upside movement without warning. 

Fundamental economic data from the US, EU or the UK would trigger such a move and it will be bigger. At this point there is no clear picture if the GBP-USD should be bearish (short-term) vs the impending long term bullish trend. We will see if green or red candlestick for today. If it is red then most people are right otherwise green will be the long continuation of bullish trend.

GBP-USD Technical Analysis 15 Sep 2017

As expected in the previous technical analysis GBP-USD Analysis and GBP-USD and GBP-USD Analysis the bullish strength of the pair irresistible at this time. Probably around 300 to 400 pips more to go before it slow down. The current volume movement is a staggering 300 pips or around 300% from the previous support/resistance.

GBP-USD Technical Analysis 14 Sep 2017

The GBP-USD keep moving forward with the bullish trend towards 1.3976 as expected in the previous post currently sitting at 1.3357 there are about 600 more points within reach. The EUR-USD bullish trend will slow down as the correlated EUR-GBP is taking shape of the big W. This means that the power of GBP-USD to go up is much more stronger than EUR-USD - until it reaches 1.3976 position.

GBP-USD Technical Analysis 13 Sep 2017

The GBP-USD is still on course to go up until 1.3893 as MACD and Stochastic indicators on the monthly time frame are heading upward direction.

Forex Signal - GBP-USD Technical Analysis 31 Aug 2017

Head and shoulder formation in the major time frame (monthly) is already completed and currently sitting at the oversold position - this could mean only 1 way ahead in the long term direction of the GBP-USD pair and that is bullish. Despite of the difficulties to bounce quickly in the short term correction the pair has a very very high chances of keep moving upwards.



Of course in between there will be correction / retracement going on along the way - but that's only short term noise that will keep the speculators in doubt all the time and that's the way it is. In addition to this the M shape formation that is slowly forming in the EUR-GBP is no coincidence - because this pair is strongly correlated with the EUR-USD and GBP-USD. Which means when the EUR-GBP starting to complete the M formation which is long term bearish direction the GBP-USD will make its major correction.

The only unknown question is when it is going to happen?





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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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GBP-USD Technical Analysis 1 April 2015

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: 4 April 2015

Time: 12:07 AM (+8 GMT)

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Up	Down	Down
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	Head/Shoulder
Market Direction	Up	Neutral	Down	Down
Market Comments	Long and Intermediate Term = Down Short-Term = Neutral sideways trending

In general what you see on the chart it is quite obvious in the long-term the GBP-USD is still trending down. At this stage it should be gradually because it has reached the previous major support level at 1.4855.

Behind the looks of the current physical graph there is hidden agenda of this pair. As you can see based on the historical price it's ideal lowest level is at what it is now 1.4888 and the minimum 1.41620 which only 600+ points (pips) away. What does it really means to the experience traders out there? with the risk gap is getting smaller and it is already reached major support level.

Well in the long term probably in 1 month or 2 there could be a huge jump upwards in the GBP-USD. This is based on the historical graph that this pair is fluctuating within those boundary. As the market slows down and MACD / Stochastic is already exhausted the only way to go up again. In addition the formation of head/shoulder in the monthly time frame could be a convincing strong evidence the GBP-USD should be going up. The cycle of changes might be just around the corner it's just a matter of time it could jump up in surprise. Just wait and see.

EUR-USD and GBP-USD Technical (1 - 5 December 2014)

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: 29 November 2014

Time: 8:05 PM (+8 GMT)

EUR-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	UP	UP	DOWN	DOWN
Full Stochastic	UP	DOWN	UP	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	UP	NEUTRAL	NEUTRAL	DOWN
Market Comments	In short term EUR-USD fluctuation is very much neutral last week from 24 to 28 November 2014 as it goes up for correction at 1.2529 and then it goes down to 50% retracement at 1.24511. This 50% retracement where will the EUR-USD market goes to next week? Fundamental Perspective Forexfactory economic calender records from 1 to 5 December 2014 could be another week for high turbulence as there mix economic data between the US and Economic. Technical Perspective From technical perspective we can see that the entire trend is going down as shown by the MACD and Stochastic from monthly time frame. However in the intermediate and short term both indicators are going against each other which means the fluctuation could be neutral either ups or down. This is another factor that could confirm the turbulence fluctuation next week. Fluctuation Range: High = 1.2529 Low = 1.2361

4 Hourly Chart for EUR-USD showing the current position standing at 50% retracement level.

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	DOWN	UP	DOWN	DOWN
Full Stochastic	DOWN	UP	DOWN	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	DOWN	UP	DOWN	DOWN
Market Comments	Last week movement the GBP-USD make up correction to a new high at 1.58154 but then went down to the previous low at 1.5627. As the MACD and Stochastic in the daily time frame still going up there is strong chance it may go up temporarily at least 50% from the current position. However the intermediate and long term are both indicating down trend, there will be strong risk to play upside position. Where will it move next week? Fundamental Perspective: Mix economic data may cause an unpredictable situation, playing upside would be most unfavorable because of the risk of the major downtrend. Bad economic data from the UK could push the market even deeper down. Otherwise it will retrace at 50% from the current position Technical Perspective: In daily time frame there is still hope of going up at the very least up to 50% from the current position as MACD and Stochastic still synced upwards direction. However on the weekly and monthly time frame it is obvious the pair is going down big time. Range of Fluctuation High = 1.5815 Mid = 1.5712 Low = 1.5627

4 Hourly Chart for GBP-USD showing it is currently standing at the previous low level at 1.56271

GBP-USD Technical Analysis (17 Nov 2014)

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: 17 November 2014

Time: 10:51 PM (+8 GMT)

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	DOWN	DOWN	DOWN	DOWN
Full Stochastic	DOWN	DOWN	DOWN	DOWN
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	DOWN	DOWN	DOWN	DOWN
Market Comments	Major Downtrend

Technically it's very obvious to see the GBP-USD is going for major downtrend as all indicators are synced downwards direction with the expected resistance target at 1.5533 and 1.5408 on the weekly time frame. So sentiment of the majority traders must be significantly bearish, this is backed by the chart head and shoulder formation on the weekly time frame.

However on the fundamental perspective it's very difficult to determine the market as there high impact economic data on Tuesday, Wednesday, and Thursday from the UK. This may result in high level of turbulence along the way downwards. Don't get caught in the spiky surprise. Apart from that there are also high impact economic data which have strong co-relation with the pound sterling for example Euro, AUD, and NZD which could help to lift up the GBP if they are producing good data against the USD.

In summary technically the GBP-USD definitely bearish but beware of the fundamental factors that caused the high turbulence. Don't get caught at the oversold/overbought zone where you will have the risk of long wait or lose money big time.

GBP-USD Technical Analysis for Next Week (15 Feb 2014)

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: 15 Feb 2014

Time: 4:44 PM (+8 GMT)

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Up
Full Stochastic	Up	Up	Down	Up
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	N/A
Market Direction	Up	Up	Up	Up
Market Comments	This is an obvious bullish for the Cable (GBP-USD) as you can see short-term to long-term indicators all showing upside except in the intermediate terms (weekly time frame) where there is contra direction between the MACD and Stochastic. In this case MACD most likely the winner and that will support further upsides. The previous week 10 to 14 Feb 2014. The upside movement is the result of consistent economic data for the pound sterling. While on the other hands there is slight weakness in the dollars economic data. Based on the economic calenders Forex Factory the GBP economic data still dominated the first 3 days of the week (Monday, Tuesday, Wednesday) and if there are all positives it could trigger another breakout to target the highest resistance at 1.69989. Despite of the convincing direction of the technical indicators there are risks that we need to consider that could take the direction to reversal where correction is the most likely to first to take charge. 1. Sentiment indicators - This can be view by the open position ratios from various broker such as OANDA, DukasCopy, SaxoBank, Alpari, etc refer to Open Position Indicators. Based on the consensus from all brokers the crowds seems to prefer bearish at this time and as you can see at least 80% - 90% open position are selling. 2. The chart (Monthly time frame) is already reaching the most ideal position and correction is waiting to make ways at any moment of negative economic data. 3. What if the first 3 days of next week GBP data are weaker compare to the USD correction could make a massive free falls.

Technical Outlook EUR-USD and GBP-USD overall week 1 (3 to 7 Feb 2014)

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: 02 February 2014

Time: 2:02 AM (+8 GMT)

EUR-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Up
Full Stochastic	Up	Down	Down	Up
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	Flag Sideway
Market Direction	Neutral	Neutral	Down	Up
Market Comments	The overall movement of the EUR-USD still going upwards in the long term. The gradual upward fluctuation should linger within 1.38046 (resistance) and support (1.33599). This is supported by the monthly time frame MACD and Stochastic both moving upwards direction, but due the correction is already reaching its 1.36733 it may or may not breakout upwards because this is the most ideal correction level based on the Chart Formation structure. Conclusion: The long-term will have gradual upwards movement. There is a possibility of breakout upwards (the unpredictable situation) In the weekly time frame both MACD and Stochastic indicators is showing the opposite. There is a strong chances the second candlestick will form another red (bearish) candle for the overall next week movement with the expected target at the previous price level = 1.34849 Conclusion: There is strong chances next week from 3 to 7 Feb 2013 could be a bearish movement for EUR-USD

GBP-USD
Technical.Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	N/A	N/A	N/A	N/A
Chart Formation	N/A	N/A	N/A	Head Shoulder
Market Direction	Neutral	Down	Neutral	Up
Market Comments	MACD and Stochastic moving up indicates strong bullish for the GBP-USD pair. However just like the EUR-USD it has reached an ideal place for correction and it will a lot of volumes to breakout. For the time being the long term movement is most likely to be gradual upward sideways movement with chances of breakout. An opposing direction between MACD and Stochastic in the weekly time frames indicate temporary downwards movement with high chances of reversal. We will see next week could be zig zag fluctuation for this pair within the support resistance range of 1.66220 and 1.62688 by next week from 3 to 7 Feb 2013

Daily Technical Analysis - 23 Jul 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: 23 July 2012

Time: 10:23 PM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Unknown	Unknown	Head/Shoulder	3 Flags Downward
Market Direction	Down	Down	Down	Down
Market Comments	Down-trend still some more to go the ideal point is 1.18850

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Up	Up
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Unknown	Unknown	Unknown	Head/Shoulder
Market Direction	Down	Down	Neutral	Neutral
Market Comments	The long-term trend still going sideway. However the future is falling more

Daily Technical Analysis - 15 Jul 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: 15 July 2012

Time: 12:29 PM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Up	Down
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Unknown	Unknown	Head/Shoulder	Flag Downward
Market Direction	Up	Down	Down	Down
Market Comments	Overall direction is down trend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Top	Middle	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Unknown	Head/Shoulder
Market Direction	Up	Neutral	Neutral	Neutral
Market Comments	The quiet movement keeps market flat but beware of major downtrend

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Down	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Top	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Unknown
Market Direction	Up	Neutral	Neutral	Neutral
Market Comments	As the market already already at the bottom, the major trend is flat.

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Flat
Full Stochastic	UP	Down	Up	Up
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Head/Shoulder
Market Direction	Up	Down	Down	Down
Market Comments	The major trend is - gradual downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Down
Full Stochastic	Up	Up	Up	Down
Bollinger Bands	Middle	Top	Middle	Middle
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Unknown
Market Direction	Up	Up	Up	Down
Market Comments	Despite of all the short and intermediate term goes uptrend the long-term is downtrend

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Bottom	Bottom	Top	Top
Chart Formation	Unknown	Unknown	Unknown	Head/Shoulder
Market Direction	Down	Neutral	Neutral	Neutral
Market Comments	The long-term future is major up-trend

Daily Technical Analysis - 10 Jun 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: Sunday 10 June 2012

Time: 10:01 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Down
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Head/Shoulder	Unknown	Head/Shoulder	Flag Downward
Market Direction	Down	Up	Down	Down
Market Comments	Correction in the short-term but long-term is going downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Head/Shoulder	Unknown	Sideway trend	Head/Shoulder
Market Direction	Down	Neutral	Down	Neutral
Market Comments	Short-term down but long-term is neutral sideway trend waiting downtrend breakout

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Up
Full Stochastic	Down	Up	Down	Up
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Uptrend	Double Top	Sideway trend	Sideway down trend
Market Direction	Neutral	Neutral	Down	Up
Market Comments	The short-term is making re-tracement and long-term sideway downward trend

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Neutral
Full Stochastic	Down	Up	Down	Neutral
Bollinger Bands	Middle	Middle	Bottom	Bottom
Chart Formation	Upward trend	Double Top	Sideway trend	Sideway trend
Market Direction	Down	Up	Down	Neutral
Market Comments	Short-term correction but long-term is sideway down trending

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Down
Full Stochastic	Down	Up	Down	Down
Bollinger Bands	Middle	Top	Bottom	Bottom
Chart Formation	Up trend	Double Top	Double Top	Double Top
Market Direction	Down	Up	Down	Down
Market Comments	Short-term correction and long-term is initiating downtrend

Daily Technical Analysis - 28 May 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: 28 May 2012

Time: 9:23 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Down	Up
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Rally Down	Flag Downward	Flag Downward	Flag Down
Market Direction	Up	Down	Down	Neutral
Market Comments	Short-term and Long-term down trend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Up
Full Stochastic	Up	Down	Down	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Rally Downward	Flag Upward	Head/Shoulder	Head/Shoulder
Market Direction	Down	Down	Sideway Trending	Sideway trending
Market Comments	Short-term downtrend | Long-term sideway and downtre

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Rally Downward	Head/Shoulder	Sideway trending	Sideway trending
Market Direction	Down	Down	Down	Up
Market Comments	Sideway trending gradual downwards

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Up
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Middle	Bottom	Bottom	Bottom
Chart Formation	Rally Down	Head/Shoulder	Flag Downward	Flag Downward
Market Direction	Neutral	Down	Down	Neutral
Market Comments	Short-term downtrend and Long-term sideway downward

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Up	Down	Down
Bollinger Bands	Top	Bottom	Bottom	Bottom
Chart Formation	Rally Downward	Head/Shoulder	Double Top	Flag Upward
Market Direction	Up	Neutral	Down	Down
Market Comments	Short and Intermediate term goes down but the true direction based on chart formation is upward trending

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Up	Up
Full Stochastic	Down	Up	Up	Up
Bollinger Bands	Middle	Top	Top	Top
Chart Formation	Rally Up	Unknown Sideway	Double Bottom	Double Bottom
Market Direction	Down	Up	Up	Up
Market Comments	The pair is waiting for major break out for uptrend

Daily Technical Analysis - 19 May 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: 19 May 2012

Time: 11:38 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Down
Full Stochastic	Up	Up	Down	Down
Bollinger Bands	Top	Bottom	Bottom	Bottom
Chart Formation	Unknown	Head/Shoulder	Head/Shoulder	Flag Downward
Market Direction	Up	Down	Down	Down
Market Comments	Short-term upward retracement while the intermediate term is neutral and long-term is downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Up
Full Stochastic	Up	Down	Up	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Head/Shoulder	Gradual upward	Double Top	Head/Shoulder
Market Direction	Up	Down	Up	Up
Market Comments	Short-term is retracement downward while the intermediate is upward and long term is gradual sideway uptrend. The bollinger band in Monthly time frame is squeezing smaller - which indicates sign of breakout.

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Up	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Rally downward	Double Top	Double Bottom	Unknown
Market Direction	Down	Down	Neutral	Up
Market Comments	This is odd pair. Despite of the long-term indicators all showing upward the market is moving downtrend. However the Bollingerband is getting squeezed which indicate a sign of breakout anytime soon most probably uptrend.

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Bottom
Chart Formation	Rally downtrend	Head/Shoulder	Rally downtrend	Rally downtrend
Market Direction	Down	Down	Down	Up
Market Comments	The short-term all heading downtrend. In the long-term is gradual sideway downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Middle
Chart Formation	Rally Downtrend	Head/Shoulder	Double Top	Rally Uptrend
Market Direction	Down	Down	Down	Down
Market Comments	All indicators showing downtrend but the true direction of this pair based on the long-term (monthly time frame) is showing uptrend. Currently there are only 2 peaks of the flag for the long-term and 1 peak left to go. So there is still strong fuel of trend in the long-term.

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Up
Full Stochastic	Up	Up	Up	Down
Bollinger Bands	Top	Top	Top	Top
Chart Formation	Rally Uptrend	Rally Uptrend	Double Bottom	Double Bottom
Market Direction	Up	Up	Up	Up
Market Comments	All short-term showing uptrend and the Bollinger Band is also squeezing. This may indicate major long-term uptrend in the near future.

Daily Technical Analysis - 17 May 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: 17 May 2012

Time: 11:19 PM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Gradual downtrend	Head/Shoulder	Head/Shoulder	Flag Downtrend
Market Direction	Up	Down	Down	Down
Market Comments	Short Term and Long-term downtrend

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Head/Shoulder	Flag Uptrend	Sideway Trending	Head/Shoulder
Market Direction	Down	Down	Neutral	Sideway Up
Market Comments	The trend is moving sideway but the major breakout waiting for downtrend

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Middle
Chart Formation	Gradual Downtrend	Double Top	Sideway downtrend	Gradual downtrend
Market Direction	Down	Down	Neutral	Up
Market Comments	Gradual sideway downtrend waiting for the long-term major breakout uptrend

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Bottom
Chart Formation	Rally downtrend	Head/Shoulder	Sideway downtrend	Double Bottom
Market Direction	Down	Down	Down	Down
Market Comments	Market is gradually going down and waiting for the major breakout in long-term

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Down	Down
Full Stochastic	Up	Down	Down	Down
Bollinger Bands	Middle	Bottom	Bottom	Middle
Chart Formation	Gradual downtrend	Head/Shoulder	Double Top	Flag Uptrend
Market Direction	Up	Down	Down	Down
Market Comments	This is tricky - indicators shows downtrend but the true movement is uptrend

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Up	Up	Up
Full Stochastic	Up	Up	Up	Down
Bollinger Bands	Top	Top	Top	Middle
Chart Formation	Rally Uptrend	Unknown	Unknown	Double Bottom
Market Direction	Up	Up	Up	Neutral
Market Comments	At the bottom of downtrend and there is strong possibility of uptrend in long term

Daily Technical Analysis - 15 May 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: 15 May 2012

Time: 9:12 AM (+8 GMT)

EUR-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Bottom
Chart Formation	Rally downward	Flag Downward	Head/Shoulder	Flag Downward
Market Direction	Down	Down	Down	Down
Market Comments	Short-Term Down | Long-term Down

GBP-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Up	Up
Full Stochastic	Down	Down	Up	Up
Bollinger Bands	Middle	Middle	Top	Middle
Chart Formation	Flag Downward	Flag Upward	Flag Upward	Head/Shoulder
Market Direction	Down	Down	Up	Up
Market Comments	Short-Term Down | Long-Term Gradual and Up

GBP-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Up	Down	Up	Up
Full Stochastic	Up	Up	Down	Up
Bollinger Bands	Middle	Bottom	Middle	Middle
Chart Formation	Flag Downward	Flag Downward	Sideway Trending	Sideway Trend
Market Direction	Down	Down	Up	Up
Market Comments	Short-Term Up | Long-term downward and sideway trending

EUR-JPY
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Up
Full Stochastic	Down	Down	Down	Up
Bollinger Bands	Bottom	Bottom	Middle	Bottom
Chart Formation	Rally Downward	Head/Shoulder	Sideway Downward Trend	Head/Shoulder
Market Direction	Down	Down	Down	Down
Market Comments	Short-term and Long-term gradual sideway downtrend

AUD-USD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Down	Down	Down
Full Stochastic	Down	Down	Down	Down
Bollinger Bands	Bottom	Bottom	Bottom	Middle
Chart Formation	Rally Downward	Head/Shoulder	Double Top	Upward Trend
Market Direction	Down	Down	Down	Down
Market Comments	Short and Intermediate term down | Long-term upward trending

USD-CAD
Technical Indicators	4 Hourly	Daily	Weekly	Monthly
MACD	Down	Up	Down	Up
Full Stochastic	Down	Up	Up	Down
Bollinger Bands	Top	Top	Middle	Middle
Chart Formation	Rally Upward	Sideway trend	Sideway Trend	Double Bottom
Market Direction	Up	Up	Neutral	Neutral
Market Comments	Short-term Upward movement | Long-term neutral and possibly breakout up

GBP-USD Technical Analysis - 14 February 2011

Despite of all the technical indicators are heading upside, i still feel that the GBP-USD situation is very tricky. However let's consider that the cable pair is moving along with its indicator's signal. This chart analysis is taken from the long-term Monthly time frame chart.

• MACD = Moving Upward - indicate strong bullish in the long run
• Stochastic = Moving Upward - indicate strong bullish is gaining momentum
• Chart formation = W shape or head and shoulder - indicate strong bullish
• Oversold = The cable was oversold, which provide the need for a re-tracement at least up to 1.7500 level.

On the other hand there is still a strong indication that continuation for GBP-USD might be possible. That is my psychological point of view because the big trader might want to fool the rookie traders