Crude Oil Plummets on Profit Taking
August 26, 2009 by ForexYard
Filed under Daily Forex Analysis
NZD/USD:
A fresh bearish cross has recently formed on the hourly, daily and weekly charts’ Slow Stochastic, indicating strong downward pressure on this pair. The price also floats in the over-bought territory on the daily and weekly charts’ RSI, strengthening this notion. Forex traders may not want to miss out on this opportunity by entering the downward movement at a great entry price.
