Bearish Sentiment Persists in Trading
September 29, 2009 by ForexYard
Filed under Daily Forex Analysis
NZD/JPY:
A bearish cross is evident on the hourly, 2 and 4 hour Slow Stochastic charts, with a bearish cross also evident on the 4 hour MACD. Furthermore, the hourly and 2 hour RSI is floating in the overbought territory. Forex traders are advised to go short for today.
Forex currency trading is one of the most money-making opportunities these days. Before, forex is limited to only financial institurions, banks, and businesses. Now, even common people can participate on it. However, I think that before one can really profit from it, the BASICS should be mastered. Am I making sense here?