Market Volatility Expected to Continue Today as Non-Farm Payrolls Awaits
February 5, 2010 by ForexYard
Filed under Daily Forex Analysis
Silver:
Silver has experienced a significant downward price move that has now broken a long term trend line that began in November 2008. The price breach also passed the significant support level of 16.22. Forex and commodity traders who are short on silver may want to set their next price target at the new support level of 16.40.
Dollar Gains Ahead of Non Farm Employment Data
February 4, 2010 by ForexYard
Filed under Daily Forex Analysis
Gold:
It seems as though a new bullish cross has formed on the 4-hour Stochastic (slow) for the price of Gold. This may indicate that an upward price movement is imminent. The daily MACD/OsMA also shows a bullish cross, supporting the notion that upward pressure exists on this commodity at the technical level. Forex traders don’t want to miss out on a possible opportunity to make fast profits by jumping in on this predictable price movement in one of the world’s most exciting and tradable commodities.
Aussie Central Bank Shocks the Forex Market
February 3, 2010 by ForexYard
Filed under Daily Forex Analysis
GBP/CHF:
The Relative Strength Index (RSI) on the 1-hour chart indicates that the pair is currently in overbought territory. This theory is supported by the Stochastic Slow, also on the 1-hour chart. Based on this information, forex traders may want to go short with tight stops today, as the pair may see a downward correction.
Dollar Anticipates Release of U.S. Pending Home Sales
February 2, 2010 by ForexYard
Filed under Daily Forex Analysis
EUR/CHF:
It appears a bullish cross has recently formed on the hourly chart’s Slow Stochastic, indicating that this pair’s recent upward correction may still have some steam. Now would be a great time for forex traders to join this recent run and capture the remaining profits before the downward trend continues.
US Inflationary Figures may Push USD Bearish
February 1, 2010 by ForexYard
Filed under Daily Forex Analysis
USD/CAD :
It seems that the bullish momentum prevails as the pair is heading up with plenty of room to run. All of the technical oscillators on the hourly and the daily charts are giving a bullish signals and this pair’s target today might be the 1.0745 level. This gives forex traders a great opportunity to join the market at an excellent entry price.
