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Finotec News Archive - May 05 2008

Technical Indicators

EUR/USD - Technical Indicators

Anthony Boyajian
05 May 2008

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

RSI (Relative Strength Index) is going to bounce on 30% line.

MACD crosses the signal line and breaks the zero level.

Bollinger gives us a bullish signal after closing the candle above the lower band.

EUR/USD (Daily Chart)

Finotec Analysis Team
05 May 2008

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