Bernanke’s Speech to Dominate the Market Today
October 19, 2009 by ForexYard
Filed under Daily Forex Analysis
CHF/JPY:
This pair is beginning to show very strong signs of an impending downward movement today. The daily chart’s Slow Stochastic shows 3 consecutive bearish crosses, and the 4-hour MACD shows 2 bearish crosses. This suggests very strong downward pressure and forex traders can take advantage of this knowledge by entering short positions on this pair, and at a great entry price!
Forex Market to be Dominated by Crucial U.S. Data Today
October 16, 2009 by ForexYard
Filed under Daily Forex Analysis
Crude Oil:
Oil prices rose significantly in the last two weeks and peaked at 78.36 per barrel. However, the daily chart’s 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.
U.S. Unemployment Claims to Be at the Forefront of Today’s Trading
October 15, 2009 by ForexYard
Filed under Daily Forex Analysis
Crude Oil:
Crude Oil has been an extremely bullish and attractive commodity for forex traders in the past 2 weeks. The daily chart’s Slow Stochastic shows a fresh bearish cross, signaling that a downward move for today is imminent. The bearish move for today’s trading is also supported by the MACD of the 4-hour chart. Going short with tight stops may turn out to bring big returns for today.
The Dollar Retreats as Commodities Hit New Highs
October 14, 2009 by ForexYard
Filed under Daily Forex Analysis
Crude Oil:
With upward corrections due for the USD, a correlating downward correction is also building up for the price of Crude Oil. There are bearish crosses on the hourly and daily Slow Stochastic, the price is floating in the over-bought territory on the hourly, 4-hour, and daily RSI, and the hourly MACD has started tilting downwards. Once the downward correction begins, which should happen any minute now, forex traders will have an excellent opportunity to enter the price swing at this year’s peak price level.
U.S. Federal Budget Balance Set to Determine Forex Trading Today
October 13, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
This commodity continues to show that it is expecting a downward correction. The price currently floats in the over-bought territory of the daily and 4-hour RSI, and there are bearish crosses on the hourly, 4-hour and daily MACD, as well as the daily Slow Stochastic. Signals are strongly in favor of a downward movement in the coming days and forex traders can benefit by riding out this momentum by placing early sell positions.
