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Wednesday 4 April 2012

Forex Currency and Gold


Forex Currency and Gold Analysis


Time : 11.10 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
Prices going up a bit reacting with reversal indicator up although they are all at the down trend area. By looking at it bearish is still at its strength.

USDCHF H1
Prices are playing on the up trend area of Bollinger and also showing downward movement after reacting with reversal indicators. The prices have to pass through middle band as support in order to continue its downward movement but it looks week at this moment.

GBPUSD H1
The prices in down trend area are picking up in response to reversal up indicators and also EMA lines started pointing up.  The Bollinger squeeze is becoming smaller may be to go sideway for a while.

USDJPY H1
The prices below middle band of Bollinger are all picking up to with most of the indicators are showing sideway. Just wait for other strong indicators to show the price direction.

Gold H1
Gold prices are at the strong down trend area even if there are already reversal up indicators shown like GP Reverse and Super Signal.