Positive Jobs Report Boosts USD

Platinum: The 8-hour chart's technical indicators show that this commodity has been overbought for some time. A bearish cross has formed on the Stochastic Slow, while the Relative Strength Index shows that a downward correction could take place. Forex traders may want to take this opportunity to open short positions ahead of a bearish correction.

AUD/USD: The Williams Percent Range on the 4-hour chart of this pair is currently in overbought territory, indicating that a downward correction is likely to take place. This theory is supported by the Stochastic Slow on the same chart, as well as the 8-hour chart's Relative Strength Index. Now may be a great time for forex traders to open up short positions before the downward breach occurs.

AUD/USD: The Stochastic Slow on the daily chart has formed a bearish cross, indicating that a downward correction may take place today. Furthermore, both the Relative Strength Index and Williams Percent Range on the 8-hour chart are in overbought territory. Forex traders will likely want to go short in their positions, as downward movement is likely to occur today.

AUD/USD: The Relative Strength Index on the daily chart is showing the pair trading well in overbought territory, indicating a downward correction could occur in the near future. This theory is supported by the Williams Percent Range, also on the daily chart, which is currently at the -5 mark. Forex traders may want to go short with tight stops in their positions today, as a downward correction will likely take place.

EUR/JPY: The daily chart's Slow Stochastic has formed a bearish cross, indicating that a downward correction could occur in the near future. Furthermore, the Relative Strength Index on the same chart is currently in overbought territory. This may be a good time for forex traders to open short positions ahead of a possible downward correction.

USD/PLN: The Williams Percent Range on the daily chart has crossed over into overbought territory, indicating that this pair could see a downward correction in the near future. Furthermore, the Slow Stochastic on the same chart has formed a bearish cross. This may be a good time for forex traders to open short positions ahead of possible downward movement.

NZD/CHF: The Slow Stochastic on the daily chart has formed a bearish cross, meaning that this pair could see downward movement in the near future. Furthermore, the Relative Strength Index on the same chart has crossed into overbought territory. Forex traders may want to go short ahead of a possible downward breach.

Platinum: The Williams Percent Range on the daily chart is currently in the overbought zone. In addition, the Slow Stochastic on the same chart has formed a bearish cross, while the Relative Strength Index is hovering close to the 70 line. This may be a good time for forex traders to open short positions ahead of a downward breach.