GBP/USD
A bullish cross on the hourly chart's Slow Stochastic implies that an upwards correction might take place in the nearest time frame. The hourly chart's RSI is floating in the oversold zone suggesting that the downward trend might be out of steam. Going long with tight stops appears to be the right strategy today
USD/JPY
The bullish trend is loosing its steam and the pair seems to consolidate around the 93.00 level. The daily chart's RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
USD/CHF
The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4 hour Chart's RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
The Wild Card
Gold
Gold prices are once again dropping, and it is currently traded around $848 per ounce. And now, the 4 hour chart's Slow Stochastic 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.
A bullish cross on the hourly chart's Slow Stochastic implies that an upwards correction might take place in the nearest time frame. The hourly chart's RSI is floating in the oversold zone suggesting that the downward trend might be out of steam. Going long with tight stops appears to be the right strategy today
USD/JPY
The bullish trend is loosing its steam and the pair seems to consolidate around the 93.00 level. The daily chart's RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
USD/CHF
The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4 hour Chart's RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
The Wild Card
Gold
Gold prices are once again dropping, and it is currently traded around $848 per ounce. And now, the 4 hour chart's Slow Stochastic 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.
Daily forex major currency technical analysis:
What is the best forex technical analyze site
That really depends from person to person. You can learn technical analysis for free on Stockcharts. If you're looking for charts with the annotations you can look in babypips or forexinblog.
Last but not least, you can read articles about Forex and learn something useful as well.
Today Technical News
EUR/USD
The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart's RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
What is the best forex technical analyze site
That really depends from person to person. You can learn technical analysis for free on Stockcharts. If you're looking for charts with the annotations you can look in babypips or forexinblog.
Last but not least, you can read articles about Forex and learn something useful as well.
Today Technical News
EUR/USD
The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart's RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
Forex Analysis | Forex Technical Analysis | New | Forex Technical Analysis Books | Daily Forex Technical Analysis
Up-to-date forex technical analysis that gives you trading ideas.
Daily forex major currency technical analysis
Daily forex major currency technical analysis
Daily Forex Technical Analysis
Forex Yard
Offer a secure, dynamic trading platform which provides superior order execution.
Offer a secure, dynamic trading platform which provides superior order execution.
Demo Account | Review
Open your FREE trading account.
200:1 Leverage Ability
Virtual Tour
200:1 Leverage Ability
Virtual Tour
Forex training with Peter Bain's Original Professional Currency Trading System shows you how to trade currencies like the Pros
Information-packed pages of forex training including practical tips and real-life examples.
Information-packed pages of forex training including practical tips and real-life examples.
Forex Trading Orders
Forex Market Orders
Forex Limit Orders
Forex Stop Orders
Forex OCO Orders
Rollovers
Forex Market Orders
Forex Limit Orders
Forex Stop Orders
Forex OCO Orders
Rollovers
Forex Glossary
Forex Articles
Forex Pips
Managed Forex Accounts
Forex Affiliate Programs
Trading Tips
Mini Forex Accounts
Forex Articles
Forex Pips
Managed Forex Accounts
Forex Affiliate Programs
Trading Tips
Mini Forex Accounts
Forex Books
ebooks on forex
Forex Software
Automated Forex Systems
Free Practice Account
Get Lazy and Rich
Forex Advanced Course
ebooks on forex
Forex Software
Automated Forex Systems
Free Practice Account
Get Lazy and Rich
Forex Advanced Course
Recommended Products
Partner Sites
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
Any opinions, news, research, analyses, prices or other information contained on this website, by EasyForexForum.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. EasyForexForum.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
Any opinions, news, research, analyses, prices or other information contained on this website, by EasyForexForum.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. EasyForexForum.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Copyright © 2005 - 2008, Franka. All rights reserved. - Contact us info (at) easyforexforum.com
Home | About | Search | Contact | Advertise | Links | sitemap
Home | About | Search | Contact | Advertise | Links | sitemap