Yen Strengthens on Chinese Bank Regulation
January 13, 2010 by ForexYard
Filed under Daily Forex Analysis
Gold:
The price of Gold appears to be giving off moderately strong buy signals today. In the short-term, the hourly RSI shows this commodity being highly over-sold, suggesting upward pressure. On the 4-hour chart, the Slow Stochastic seems to have created a fresh bullish cross, and the RSI also floats in the over-sold territory. Today may be a good day for forex traders to branch over to commodities and take advantage of a short upswing in Gold prices.
USD Declines on Renewed Confidence regarding the Global Economic Recovery
January 12, 2010 by ForexYard
Filed under Daily Forex Analysis
Platinum :
The Slow Stochastic on the 4 hour chart points towards a current bullish momentum. The daily Slow Stochastic strongly supports this notion. This might be a great opportunity for forex traders to join a very promising bullish trend.
Dollar Tumbles Following Negative Non-Farm Payrolls Data
January 11, 2010 by ForexYard
Filed under Daily Forex Analysis
Oil:
Being long on Spot Crude Oil has been one of the best trades as of recently but the bullish trend shows few signs of slowing. The 10-day Momentum indicator on the weekly chart continues to float above the 100 level, signaling the bullish trend may have some room to grow. However, the histogram on the MaCD/OsMA indicator on the daily chart is downward sloping. This tells commodity and forex traders the uptrend could continue, but the trend may begin to weaken.
Non-Farm Employment Change to Invigorate Today’s Market
January 8, 2010 by ForexYard
Filed under Daily Forex Analysis
Crude oil:
Oil prices rose significantly in the last two weeks and peaked at $82.30 per barrel. However, daily 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.
Dollar Anticipate Release of U.S. Unemployment Claims
January 7, 2010 by ForexYard
Filed under Daily Forex Analysis
Platinum:
The violent bullish surge continues with all oscillators showing the continuation of the trend. Fresh all time highs are being breached on a daily basis and Platinum is now floating at 1564.55. The RSI is showing that the bullish momentum is still quite bullish. Forex traders have a great chance of enjoying the additional momentum still left for the commodity.
