Dollar, Yen up Ahead of the G20 Meeting

September 25, 2009 by ForexYard  
Filed under Daily Forex Analysis

USD/SEK:

It appears as if a fresh bearish cross has formed on the hourly MACD, suggesting to forex traders that an opportunity is approaching. The RSI on the 2-hour and 4-hour charts are sitting in an overbought territory. Combined with a fresh bearish cross on the 4-hour Slow Stochastic, it is evident that a downward movement is impending. Going short on this pair today may not be advised.

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