Dollar Climbs after Housing and GDP Numbers
December 23, 2009 by ForexYard
Filed under Daily Forex Analysis
CAD/JPY:
CAD/JPY sustained upward movement has finally pushed its price into the over-bought territory on the daily chart’s RSI. Not only that, but there actually appears to be an impending bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.
Dollar Gains Broadly on Optimistic Comments by Chicago Fed Governor
December 22, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
Gold prices are once again dropping, and it is currently traded around $1092.25 per ounce. And now, the daily chart’s Slow Stochastic is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend.
Will the Dollar Continue to Strengthen?
December 21, 2009 by ForexYard
Filed under Daily Forex Analysis
GBP/AUD:
The pair’s hourly chart is showing the potential for a downward correction in the price. Currently the pair is trading slightly outside its upper border on the Bollinger Bands. The Relative Strength Index displays the price may be overbought, indicating the potential for a price decline. We also see a potential bearish cross forming on the Stochastic Slow Oscillator. Forex traders may want to be short on this pair for the potential downward movement.
Bullish Run of the Dollar Continues for the Third Day
December 18, 2009 by ForexYard
Filed under Daily Forex Analysis
Gold:
Gold prices are once again dropping, and it is currently traded around $1105.40 per ounce. And now, the daily chart’s RSI is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend.
Dollar Still Making Gains Following FED Statement
December 17, 2009 by ForexYard
Filed under Daily Forex Analysis
GBP/CHF:
GBP/CHF sustained upward movement has finally pushed its price into the over-bought territory on the daily chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.
