ECB Press Conference Helps Euro Recover

NZD/JPY:

The Williams Percent Range on the daily chart has dropped into oversold territory, indicating that this pair could see an upward correction in the near future. Furthermore, the Slow Stochastic on the same chart appears close to forming a bullish cross. Should the cross form, it may be a good time for forex traders to open long positions.

Weak Euro-Zone Data Sends EUR Tumbling

CHF/JPY:

The daily chart’s Williams Percent Range has dropped into oversold territory, indicating that an upward correction could occur in the near future. Additionally, a bullish cross has formed on the same chart’s Slow Stochastic. This may be a good time for forex traders to open long positions ahead of a possible upward breach.

AUD Tumbles Following Interest Rate Cut

Crude Oil:

A bearish cross has formed on the daily chart’s Slow Stochastic, indicating that downward movement could occur in the near future. In addition, the Relative Strength Index (RSI) on the same chart is approaching the overbought region. Forex traders will want to keep an eye on the RSI. If it crosses above 70, it may be a good time to open short positions.

USD Remains Bearish During Slow Trading Day

EUR/GBP:

The daily chart’s Relative Strength Index has just dropped into the oversold zone, indicating that this pair could see upward movement in the near future. Furthermore, the Slow Stochastic on the same chart appears close to forming a bullish cross Forex traders will want to monitor to the Slow Stochastic. Should the cross form, it may be a good idea to open long positions.

Dollar Tumbles Following Disappointing GDP Figure

USD/CAD:

The daily chart’s Slow Stochastic has formed a bullish cross, indicating that this pair could see upward movement in the near future. In addition, the Williams Percent Range on the same chart has crossed over into oversold territory. This may be a good opportunity for forex traders to open long positions ahead of a possible upward correction.

« Previous Page — Next Page »