| Technical News |
|
|
|
This articles tells gives you news about all major currenccy pairs.
Technical News EUR/USD On Friday, the pair went all the way through an extensive bearish correction, and is now moving around 1.5715. The slow movements on the daily chart are showing a bearish move which might further continue, and the RSI has supported that view, representing that the market is overbought. A short trade is going to be preferable today. GBP/USD The Four hour chart is screening that the pair has reached its bullish peak after crossing the level of 2.00, as the wire is experiencing a bearish force ever since. A bearish cross on the hour is showing a Slow Stochastic, which indicates that the pair may continue its downtrend. Waiting for the validated break beyond 1.980 and moving backward and forward should be a good strategy today. USD/JPY This pair seems to go on with its bullish trend after a short bearish correction. All the oscillators on the daily chart indicate a bullish movement and the Bollinger Bands are indicating a forthcoming bullish move. Going for long trades appear to be a superior result today. USD/CHF This pair has moved out all the way through a pointed bullish correction yesterday as it has gained over 150 pips in a day. A bullish trend on the hourlies suggests the pair has some room for further bullish move. Going for long trades with some tight stop losses might do the job today, incase is a bearish reversal occurs. The Wild Card Gold A bearish correction that took place yesterday is showing some large potential, as the oscillators on the daily chart are showing a fresh bearish movement. Forex traders have a opportunity to connect with the bearish move at a early stage and with a great entry price. |
| < Prev | Next > |
|---|
