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    Dollar Tumbles Following Disappointing GDP Figure

    Mon, 04/30/2012 - 00:55 EDT - FOREXYARD
    • RDF10

    USD/CAD:

    The daily chart's Slow Stochastic has formed a bullish cross, indicating that this pair could see upward movement in the near future. In addition, the Williams Percent Range on the same chart has crossed over into oversold territory. This may be a good opportunity for forex traders to open long positions ahead of a possible upward correction.

    • Original article
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      Platinum: The daily chart's Williams Percent Range has crossed into oversold territory, indicating that an upward correction could occur in the near future. Furthermore, in a sign that any upward movement could be prolonged, the weekly chart's Slow Stochastic appears to be forming a bullish cross. This may be a good opportunity for forex forex traders to open long positions ahead of a possible upward breach.

    • Euro Bullish Ahead of Busy Trading Week

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    • USD Bearish Ahead of Heavy Trading Week

      GBP/CHF: The 8-hour chart's Stochastic Slow has formed a bullish cross, indicating that upward movement may occur in the near future. This theory is supported by the daily chart's Williams Percent Range, which is currently at the -90 level. This may be a good opportunity for forex traders to open long positions ahead of a possible upward correction.

    • Further Bearish Movement Expected for USD Today

      CAD/CHF: The Williams Percent Range on the daily chart is currently in oversold territory and angling up, indicating that bullish movement is likely to occur for the pair. This theory is supported by a bullish cross on the 8-hour chart's Stochastic Slow. Now may be a great time for forex traders to open up long positions for the pair, before the upward breach takes place.

    • EUR Bullish Ahead of German News

      Platinum: The Williams Percent Range on the daily chart has crossed into the overbought zone, indicating that a downward correction could occur in the near future. In addition, the Slow Stochastic on the same chart has formed a bearish cross. This gives forex traders a great opportunity to open short positions ahead of a possible downward correction.

    • Euro Remains Bullish amid Hopes for ECB Action

      EUR/NOK: The Williams Percent Range on the daily chart has crossed over into oversold territory, indicating that this pair could see upward movement in the near future. Additionally, the MACD/OsMA on the same chart has formed a bullish cross. Forex traders may want to open long positions ahead of a possible bullish correction.

    • Euro Turns Bearish Ahead of ECB Press Conference

      AUD/NZD: The Relative Strength Index on the daily chart has fallen into oversold territory, indicating that an upward correction could take place in the near future. Furthermore, the Slow Stochastic on the same chart has formed a bullish cross. This may be a good time for forex traders to open long positions ahead of possible bullish movement.

    • Euro Bullish Ahead of Busy Trading Week

      USD/MXN: A bullish cross has formed on the daily chart's Slow Stochastic, signaling that upward movement could occur in the near future. This theory is supported by the Williams Percent Range on the same chart, which is in oversold territory. This may be a good time for forex traders to open long positions ahead of a possible upward correction.

    • Riskier Assets Extend Upward Trend

      CAD/CHF: The daily chart's Bollinger Bands are narrowing, indicating a price shift could occur in the near future. Furthermore, the MACD/OsMA on the same chart has formed a bullish cross, indicating that the price shift could be upward. This may be a good time for forex traders to open long positions, ahead of a possible bullish correction.

    • EUR/USD Hits 8-Week High Ahead of US Jobs Report

      AUD/CHF: The daily chart's Relative Strength Index has fallen into oversold territory, indicating that an upward correction could occur in the near future. Additionally, a bullish cross on the same chart's Slow Stochastic is providing another signal that upward movement could occur. Forex traders may want to open long positions for this pair.

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