03 Feb 2012 6:14 am
AUD/NZD:
Most technical indicators show this pair trading in the oversold zone, typically a sign that upward movement could occur in the near future. A bullish cross has formed on the daily chart's Stochastic Slow, while the Relative Strength Index on the same chart is hovering around the 30 level. forex Forex traders may want to go long in their positions today, ahead of a possible upward breach.
02 Feb 2012 6:08 am
AUD/CHF:
The Bollinger Bands on the daily chart are narrowing, in a sign that a price shift could occur in the near future. The Stochastic Slow on the 8-hour chart has formed a bearish cross, meaning that the movement could be downward. Forex traders may want to take this opportunity to open short positions ahead of a possible downward breach.
01 Feb 2012 6:19 am
CAD/CHF:
Technical indicators on the daily chart are showing that this pair is oversold and may see an upward correction in the near future. The Stochastic Slow has formed a bullish cross, while the Relative Strength Index has drifted into the oversold territory. Forex traders may want to go long in their positions ahead of an upward breach.
31 Jan 2012 8:28 am
Platinum:
After steadily climbing in recent days, it now appears that platinum may see a downward correction in the near future. Technical indicators on the daily chart, including the Relative Strength Index and Williams Percent Range, are in overbought territory. Forex traders may want to take advantage of the impending downward correction and go short in their positions. forex
30 Jan 2012 6:44 am
GBP/CHF:
The 8-hour chart's Stochastic Slow has formed a bullish cross, indicating that upward movement may occur in the near future. This theory is supported by the daily chart's Williams Percent Range, which is currently at the -90 level. This may be a good opportunity for forex traders to open long positions ahead of a possible upward correction.
