Technical Forex News

EUR / USD

After a strong recovery in recent days, the couple would finally see some downward correction with a certain amount of this trend will continue. Looking at the daily chart, a violation of the upper Bollinger band is evident with the RSI of the pair in overbought territory. A bearish cross is evident in the 4 hour Slow Stochastic and 8 one hour chart. Going short with tight stops might be preferable for the day.

GBP / USD

The pair is currently trading range between 1.5630 and 1.5690 for most of the indicators in the neutral zone. CSR is a pair of floating near the overbought area is a 4-hour chart daily and refers to a downward trend may continue to wait for a couple. Going short with tight stops now, it is desirable.

USD / JPY

When a strong downward correction may be moving the pairs to be expected when the RSI is already floating in the oversold territory within 4 hours and 8 hours chart, and the conflict is evident in the increase of 8 hours slow stochastic chart. The purchase of a day can be a good option.

USD / CHF

A violation of the lower Bollinger band is evident on the daily chart with RSI for the pair floating in the oversold zone card 8 hours, 4 and 2. In addition, a bullish cross on the Slow Stochastic is clearly on the table eight hours. Go long with tight stops might be advisable for the day.

AUD / CAD

The increase in the long term, some correction can be had for a couple. Invoice-way boundaries are evident on a daily chart with the RSI Slow Stochastic is a pair of floating in the overbought zone is 4 hours, 8 hours and daily charts. In addition to the violation of the upper band of Bollinger shows the daily chart, which suggests a move down immediately. The forex traders are advised to go for a short day.