The Dollar Resumes Broad Slide towards 2008 Lows
October 23, 2009 by ForexYard
Filed under Daily Forex Analysis
Crude Oil:
Crude oil prices rose significantly in the last two weeks and peaked at $81.60 per barrel. However, the daily chart’s RSI is floating in an overbought territory suggesting that the recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex raders to enter the trend at a very early stage.
Dollar Tumbles as Investors Turn to Riskier Assets
October 22, 2009 by ForexYard
Filed under Daily Forex Analysis
USD/ZAR:
After sustaining a very sharp upward movement, the technical indicators for this pair are unanimously showing signs of an impending downward correction. There are bearish crosses on the hourly and daily Slow Stochastic, and the price is floating in the over-bought territory on the hourly and 4-hour RSI. Forex traders have a great opportunity to catch this very predictable movement by entering short positions on this pair as early as possible and riding out the fall.
EUR Unable to Push above $1.50
October 21, 2009 by ForexYard
Filed under Daily Forex Analysis
Silver:
This commodity has been trying to massively correct the intensive bearish move, and is now trading around the 17.50 level. The sharp bullish channel is in a high spot at the moment and together with a bullish cross of the hourly chart’s Slow Stochastic it provides forex investors quite a good potential for long positions.
The Forex Market Awaits Crucial U.S. Data Today
October 20, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
The price of this commodity appears to be floating in the over-bought territory on the RSI of the daily and 4 hour charts, indicating a bearish correction to the recent upward movement may occur later today. The imminent bearish cross on the hourly chart supports this notion. As the price of this commodity has discovered a new range to trade in, forex traders can benefit greatly from selling on highs and buying on lows within this price zone.
The Forex Market Awaits Crucial U.S. Data Today
October 20, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
The price of this commodity appears to be floating in the over-bought territory on the RSI of the daily and 4 hour charts, indicating a bearish correction to the recent upward movement may occur later today. The imminent bearish cross on the hourly chart supports this notion. As the price of this commodity has discovered a new range to trade in, forex traders can benefit greatly from selling on highs and buying on lows within this price zone.
