Finotec News Archive - August 22 2007

Forex Technical indicators

Moving Average: Crossing of two moving averages and closing price of the candle is below the short term moving averages

Crossing of two moving averages and closing price of the candle is below the short term moving averages

Buki Ben Natan
22 August 2007

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RSI
RSI in a downtrend

MACD
MACD crosses two Moving averages lines and is pointing downwards

Bollinger
Bollinger gives us a bearish signal after closing the candle below the lower band


Bollinger Band and RSI

Fundamentals:

The pound may advance against the dollar and Euro as a rally in global equity markets prompts investors to resume carry trades.
The pound may rebound after its steepest weekly drop in almost a year as traders return to borrowing in lower-yielding currencies to buy U.K. assets. Stocks in Asia snapped a four-day losing run after the Federal Reserve cut its discount rate on Aug. 17 to calm credit-market turmoil.
The U.K. currency fell last week as a rout in global credit markets prompted traders to exit investments in U.K. assets funded by borrowing in the Japanese yen, Swiss franc and dollar. The yen today fell versus all 16 most-active currencies.

Moving Average and MACD

Finotec Analysis Team
22 August 2007

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