Forex (Currency)

A batch of positive data was released from the U.S. economy yesterday and, as a result, the euro has strengthened. The positive data signaled that the U.S. economy is heading towards recovery, and investors took it as a positive sign for year 2011.
Th…

The monthly chart for the USD/CHF shows a compelling story for further declines in the value of the pair.
Looking at the USD/CHF, a support line that runs from the March 2008 low to the all-time low in October has been breached. Should the pair close …

The gold climbed to a high of $1414 an ounce, compared to the low of USD 1372 an ounce in the end of last week, supported by Euro’s recovery from a three week low against the US Dollar. At this period trade is thin as most of funds and banks are out…

The USD has dropped significantly versus the CHF in the past 2 weeks, and it is currently traded around 0.9375. And now as evident in the data, the 4-hour chart is giving bullish signals, indicating that USD/CHF pair might go up. Forex traders can tak…

The USD/JPY pair saw quite a consistent bearish trend during the past few weeks. The pair lost about 300 pips since December 16th, falling from the 84.40 level to the 81.40 level today. However, after the pair failed to breach through the 81.40 level …

The gains in spot silver prices continue to increase with today’s price breaching the all-time high of $30.69.
When the price of a commodity makes a new high, this sends a very strong message that something fundamental is occurring in the market. On…

Gold prices rose significantly in the last week and peaked at $1408 an ounce. However, the 4 hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders can take advantage of this imminent…

Silver’s sustained upward movement has finally pushed its price into the over-bought territory on the 4-hour chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downwa…

Crude oil prices have recorded much bullish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, the daily chart’s Stochastic Slow signals that a bearish reversal is immi…

In a day where most currency pairs are trading flat ahead of the New Year’s holiday, traders have a unique opportunity to jump on an impending trend with the EUR/CHF pair. While the last day has seen the pair drop some 165 pips, technical indic…