EUR/CHF Reaches All-Time Low!
March 24, 2010 by ForexYard
Filed under Daily Forex Analysis
EUR/JPY:
After a sustained downward movement, this pair is now testing the significant resistance level of 121.00. With the price floating in the over-sold territory on the 4-hour RSI, and a fresh bullish cross on the daily Slow Stochastic, this pair is facing an impending upward correction which may turn out to be a reversal. Forex traders can benefit from this movement by going long on this pair and at a great entry price!
Dollar Down after Touching 10-Month High vs EUR
March 23, 2010 by ForexYard
Filed under Daily Forex Analysis
USD/SEK:
This pair’s sustained upward movement has finally pushed its price into the over-bought territory on the 8-hour 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.
Is the EUR/USD on its Way Towards a New Low?
March 22, 2010 by ForexYard
Filed under Daily Forex Analysis
Oil:
Oil prices are once again dropping, and are currently traded around $80.50 per barrel. And now, the 4-hour chart’s RSI 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.
Dollar Wins Amid Greek Debt Concerns
March 19, 2010 by ForexYard
Filed under Daily Forex Analysis
NZD/JPY:
The pair may experience some downward correction today as the 8 hour and daily chart’s RSI is floating in the overbought territory, signaling an imminent downward movement. Forex traders may be advised to go short on the pair.
Unemployment Claims in Focus Today
March 18, 2010 by ForexYard
Filed under Daily Forex Analysis
Oil:
The price of spot crude oil continues to push towards its yearly high of $83.90. and yesterday the price climbed as high as 83.31. However, the price of the commodity may be overextended. The price is falling as the 4-hour chart shows the 7-day Relative Strength Indicator has breached below the 70 line, indicating the potential for a price decline. The MACD histogram is also trending lower, providing further support for a bearish price move. Forex and commodity traders may want to cover any long positions they may have as the price of spot crude oil could fall today.
