Forex Technical indicators 13.08.2007
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Moving Average:
Crossing of two moving averages and closing price of the candle is above the short term moving averages
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RSI
RSI in an uptrend
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MACD
MACD crosses two Moving averages lines and is pointing upwards
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Bollinger
Bollinger gives us a bullish signal after closing the candle above the middle band
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Bollinger Band and RSI
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Fundamentals:
The JPY had another volatile trading session in Asian with focus concentrated towards equities and especially the release of 2nd quarter GDP. The GDP could impact on market pricing of an August rate hike by the BoJ as well of development in carry trades.
Annualized GDP was released hitting only 0.5 % against market expectations of 0.9 which left the market slightly disappointed.
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Moving Average and MACD
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