Riskier Assets in Demand; Europe Debt Worries Remain
March 10, 2010 by ForexYard
Filed under Daily Forex Analysis
Silver:
The 4H chart’s Bollinger Bands appear to be tightening on this commodity as prices prepare for a volatile jump. With bearish crosses on the hourly and daily Slow Stochastic, as well as an over-bought indication on the 4-hour RSI, the next major movement may indeed be in a downward direction. Forex traders involved in commodity trading can take advantage of this knowledge by going short on Silver and riding out what appears to be building up to be a sharp movement in price.
Greece Debt Concerns Ease, EUR Currently Bullish
March 9, 2010 by ForexYard
Filed under Daily Forex Analysis
GBP/AUD:
The pair’s recent downward trend may be seeing some correction today as the hourly, 2 hour, 4 hour and daily RSI are floating in the oversold territory and a bullish cross is evident on the hourly and 2 hour charts’ Slow Stochastic. A breach of the lower Bollinger Band is also evident on the 4 hour chart. Forex traders are advised to go long for today.
Market’s Calmness Looks to End
March 8, 2010 by ForexYard
Filed under Daily Forex Analysis
AUD/JPY:
The pair’s 2 hour, 4 hour and 8 hour RSI are floating in the overbought territory. A breach of the upper Bollinger Band is evident on the 4 hour and 8 hour charts, while a bearish cross is evident on the 4 hour and 8 hour charts’ Slow Stochastic. Forex traders may be advised to go short for the day.
U.S. Non-Farm Payrolls Set to be Released Today!
March 5, 2010 by ForexYard
Filed under Daily Forex Analysis
OIL:
The daily chart shows some resistance. Both the 14-day RSI and the 7-Day RSI have crossed back below the overbought region, indicating sell signs. The MACD histogram is downward sloping, indicating a weakening trend. The MACD lines also appear headed for a bearish cross. Forex traders may want to scale back any long positions they may have and go short on crude oil today.
Dollar Falls vs. EUR on Positive ISM Data
March 4, 2010 by ForexYard
Filed under Daily Forex Analysis
Silver:
Silver prices rose significantly in the last week and peaked at $17.10 an ounce. However, the 8- charts’ RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.



