Crude Oil:
The ongoing bullish bonanza continues with no indication of a halt, as the Crude prices have breached the $144 a barrel yesterday. The Slow Stochastic on the daily chart indicates there is still plenty of room for further bullish movement. forex traders may use the strong bullish momentum and swing into the most lucrative trend currently in the Forex market.
Crude Oil:
The very important resistance level of 144.00 is looming and the bullish move might revalidate as can be seen on the daily chart. Forex traders have a great opportunity to join this strong key breach and enjoy the rest of the bullish momentum.
GBP/JPY:
The pair has been moving within an accurate bearish channel with very strong momentum for 4 days now. The RSI flows high indicating that there is still a lot room for the bearish move. The hourlies also support that notion, however according to it; the uptrend is much more restrained Forex traders have a good opportunity to take advantage of an ongoing downtrend with high profit potential.
Gold:
It appears that the recent bullish trend has reached its current pick, and now, all indicators on the 4 hours chart are showing that a bearish correction is impending. forex Traders may have a great opportunity to join the corrective move at a very early stage.
Oil:
The bullish rally continues, and it appears that oil shows no signs of a halt. The hourly and the daily chart's oscillators are pointing up and the momentum might be even stronger. This is a good opportunity for forex traders to join in a strong trend that still has a steam in it.
GBP/JPY:
The pair has been moving within a very accurate bullish channel with very strong momentum for 3 and a half months now. The RSI is floating low, indicating that there is still a lot room for the bullish move. The hourlies also support that notion, however according to it; the uptrend is much more restrained as volatility is quite low. Forex traders have a good opportunity to take advantage of an ongoing uptrend with high profit potential.
Silver:
After a long period that sliver was fluctuating on a very consistent basis, all indicators on the hourlies are showing that a bullish trend is forthcoming. Forex traders have a good shot to enter at what appears to be the beginning of a rising trend.
Gold:
After a sharp drop to the 875 level yesterday, the 4 hour chart shows that there is a bullish correction back intact. The RSI flows low indicating that there is still a lot room for the bullish move. The hourlies also support that notion, however according to it, the uptrend is much more restrained volatility is quite low. Forex traders have a good opportunity to take advantage of an ongoing uptrend with high profit potential.
GBP/JPY:
There is a very distinct downwards channel forming on the 4 hour chart as the pair now floats around its upper level. The RSI and slow stochastic are floating in the mid section which indicates that the next move would be towards the bottom of the channel. This could be a great opportunity for forex traders to enter the market with a short position with a chance that a bearish break beyond the channel will unleash an even stronger move.
Gold:
After quite a clear signal for a bearish move, this commodity now makes a local correction, ascending to the 901.50 level on a daily chart once again. However, it did not breach the upper barrier of the bigger downwards channel. Its inability to break the 908.00 resistance level will provide forex traders with a fair entry point for a short position within a mid range time frame.
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