The U.S Dollar Rises to 2-Month High

GBP/CHF:

The Bollinger Bands on the hourly chart have begun to tighten which suggests a volatile movement is impending. There appear to be fresh bearish crosses on the 4-hour and daily charts’ Stochastic (slow) and the price is also floating in the over-bought territory on the daily RSI, all suggesting a strong bearish expectation. Forex traders won’t want to miss out on what appears to be an imminent downward movement on this pair.

Dollar Falls after Dubai Relief Package

Crude Oil:

Crude oil may due for an upward correction as the daily chart is providing significant buy signals. The chart shows the pair floating in the oversold range on the Relative Strength Index, indicating the potential for a price appreciation. The daily chart also displays a bullish cross on the Slow Stochastic Oscillator, giving forex and commodity traders reason to be long on crude today.

U.S. Interest Rate Announcement Expected This Week

Gold:

Both the Relative Strength Index and the Stochastic Slow on the 1-hour chart indicate that Gold is heading for a bearish trend today. The Bollinger Bands on the daily chart indicate volatility may be imminent. Forex traders may want to go short with tight stops today.

Credit Ratings Downgrades Pressure the EUR

Silver:

Silver prices are testing new lows on a daily basis now as a breach through $17.75 was made yesterday. The daily chart shows that the price has lowered beneath the Bollinger Bands, indicating that the downtrend has more room to go. This could give forex traders a great opportunity to enter a very promising trend.

U.S. Dollar Drops After Three Straight Days of Gains

Crude Oil:

Oil prices are once again dropping, and it is currently traded around $70.50 per barrel. And now, the daily chart’s Slow Stochastic is giving bullish signals, indicating that Oil prices might go up. This might give forex traders a great opportunity to enter a very popular trend.

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