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    USD Bearish Ahead of Heavy Trading Week

    Mon, 01/30/2012 - 02:44 EDT - FOREXYARD
    • RDF10

    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.

    • Original article
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