ECB Refinancing Set to Generate Volatility Today

AUD/JPY:

Following several weeks of upward movement, technical indicators are now showing that this pair could see some downward movement. The Williams Percent Range on the daily chart is currently in overbought territory, while the Slow Stochastic on the same chart has formed a bearish cross. Forex traders may want to go short in their positions today.

ECB Refinancing Set to Generate Volatility Today

AUD/JPY:

Following several weeks of upward movement, technical indicators are now showing that this pair could see some downward movement. The Williams Percent Range on the daily chart is currently in overbought territory, while the Slow Stochastic on the same chart has formed a bearish cross. Forex traders may want to go short in their positions today.

Dollar Retreats from 9-Month High vs. Yen

Crude Oil:

Long term technical indicators are placing this commodity in overbought territory, meaning that downward movement could occur in the near future. The daily chart’s Williams Percent Range is at -10 and angling downward. In addition, the Slow Stochastic on the same chart has formed a bearish cross. Forex traders may want to go short in their positions today.

Dollar Retreats from 9-Month vs. Yen

Crude Oil:

Long term technical indicators are placing this commodity in overbought territory, meaning that downward movement could occur in the near future. The daily chart’s Williams Percent Range is at -10 and angling downward. In addition, the Slow Stochastic on the same chart has formed a bearish cross. Forex traders may want to go short in their positions today.

EUR/USD Closes Week at 2 ½ Month High

EUR/CHF:

The daily chart’s Relative Strength Index has dropped below 30, indicating that upward movement could occur in the near future. Forex traders will also want to note that the 8-hour chart’s Williams Percent Range has drifted below -80. Going long may be the wise choice for today.

Next Page »