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Tuesday 17 April 2012

Forex Currency and Gold


Forex Currency and Gold Analysis


Time : 11.56 PM = 8.00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used:  Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2

Currency pairs and Gold
Comments

EURUSD H1
There is no trend confirmed even though the prices are picking up little bit with mixed indicators shown. Any way the prices are entering Bollinger squeeze and could be going for sideway at this point of time.

USDCHF H1
The prices are moving downward quite strong even if reversal indicators around. Chances are the price will make a little picking up after 2 to 4 dots of BB Stops. Most of the indicators are showing below level but not all.

GBPUSD H1
There is no trend yet even though the prices are picking up. Mixed indicators around and they are entering Bollinger squeeze which will likely going for sideway.

USDJPY H1
The prices are in the downtrend area and picking up in response to reversal indicators .

Gold H1
The gold prices are in  the sideway direction even though most of the indicators showing down below levels.