http://www.mataf.net/forums/forex Sat, 07 Nov 2009 19:13:39 +0100 1 http://www.mataf.net/forums/Us-farm-Employment-Cha-t10512.html Technical News

EUR/USD
The pair has been range trading between the $1.4100-1.4350 level in the past few days. The daily chart's Slow Stochastic and RSI signal that the pair is set to go on a downward trend today. Going short with tight stops may turn out to be a decent strategy today.


GBP/USD
The 4-hour and 1-day chart's Bollinger Bands show that the pair is gradually losing steam. This is also supported by the daily chart's RSI and Slow Stochastic. Going short with tight stops seems to be the preferable strategy.


USD/JPY
The daily chart and the 4-hour MACD Oscillator points to a continuation of the bullish trend that there pair has experienced in the past 2 days. If this trend does indeed continue, then we may see the USD/JPY rate reach 97.50 by the end of the week. Entering the popular trend now may turn out to be a wise choice.


USD/CHF
Today's charts seem to be showing mixed signals. The daily chart's MACD signals that there is still some bearishness left in the pair, before bullishness takes hold. However, the hourly chart's MACD and daily chart's Slow Stochastic indicates that there is likely to be much bullish momentum in the pair today. Entering the pair when the signals are clearer may be a preferable strategy.


The Wild Card

EUR/GBP
The pair rose significantly in the past several days, and has peaked at 0.8836. However, the hourly chart's MACD seems to be floating in an overbought territory. This suggests that the recent upward trend is losing steam, and a bearish correction is pending. This may be a good opportunity for forex traders to enter the trend at a very early stage.

]]> forexyard Fri, 05 Jun 2009 13:19:47 +0200 Fri, 05 Jun 2009 13:19:47 +0200 http://www.mataf.net/forums/Us-farm-Employment-Cha-t10512.html http://www.mataf.net/forums/Tomorrow-s-Us-farm-Pay-t10496.html


Technical News

EUR/USD
The pair has been increasingly bullish as of late. However, yesterday's bearishness indicated that this run now seems to have come to and end in the short-term. This is backed up by the hourly and daily chart's Slow Stochastic. Now may be a good time to join the trend, before the pair goes bullish again.


GBP/USD
The hourly and daily chart's Slow stochastic shows that the pair's recent downward trend may continue, and fall below the 1.6200 mark. This is contradicted by the chart's hourly RSI and weekly chart's MACD. It may be a wise choice to enter the pair when the signals are clearer.


USD/JPY
The recent volatility in the pair sees the USD/JPY trading between the 95.00-96.80 levels. The 4-hour and weekly chart's oscillators indicate that this volatility is likely to continue. Additionally, the daily chart signals that yesterday's bullish trend may continue. Going long with tight stops may be a preferable strategy today.


USD/CHF
The pair's recent bearish trend seems to have lost steam as the USD/CHF approached the 1.0750 level yesterday. The 4-hour, daily, and weekly RSI indicates that a short-medium term bullish correction might take place. Entering the trend now may be a wise choice today, as the pair continues to gain momentum.


The Wild Card

Crude Oil
The price of Crude Oil has risen 60% in the past 3 months. However, Crude tumbled over 3% yesterday to $66.15. The 4-hour chart's RSI and MACD support a continuation of the bearish trend in the short term. Going short on Crude may turn out to be a wise choice today, as the forex market continues to impact the price of Crude.

]]> forexyard Thu, 04 Jun 2009 16:26:16 +0200 Thu, 04 Jun 2009 16:26:16 +0200 http://www.mataf.net/forums/Tomorrow-s-Us-farm-Pay-t10496.html