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Forex Analysis Provided
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Gold: Gold prices are once again dropping, and it is currently traded around $1107.45 an ounce. And now, the 8-hour chart's RSI is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend. Publ.Date : Thu, 11 Mar 2010 06:22:43 +0000
Silver: The 4H chart's Bollinger Bands appear to be tightening on this commodity as prices prepare for a volatile jump. With bearish crosses on the hourly and daily Slow Stochastic, as well as an over-bought indication on the 4-hour RSI, the next major movement may indeed be in a downward direction. Forex traders involved in commodity trading can take advantage of this knowledge by going short on Silver and riding out what appears to be building up to be a sharp movement in price. Publ.Date : Wed, 10 Mar 2010 08:02:31 +0000
GBP/AUD: The pair's recent downward trend may be seeing some correction today as the hourly, 2 hour, 4 hour and daily RSI are floating in the oversold territory and a bullish cross is evident on the hourly and 2 hour charts' Slow Stochastic. A breach of the lower Bollinger Band is also evident on the 4 hour chart. Forex traders are advised to go long for today. Publ.Date : Tue, 09 Mar 2010 06:42:03 +0000
AUD/JPY: The pair's 2 hour, 4 hour and 8 hour RSI are floating in the overbought territory. A breach of the upper Bollinger Band is evident on the 4 hour and 8 hour charts, while a bearish cross is evident on the 4 hour and 8 hour charts' Slow Stochastic. Forex traders may be advised to go short for the day. Publ.Date : Mon, 08 Mar 2010 06:33:42 +0000
OIL: The daily chart shows some resistance. Both the 14-day RSI and the 7-Day RSI have crossed back below the overbought region, indicating sell signs. The MACD histogram is downward sloping, indicating a weakening trend. The MACD lines also appear headed for a bearish cross. Forex traders may want to scale back any long positions they may have and go short on crude oil today. Publ.Date : Fri, 05 Mar 2010 06:55:24 +0000
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Forex Analysis Provided
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