In the last few weeks trading, the GBP/AUD experienced much bearishness, as it stands now at 1.6347. However as I demonstrate below, it seems that the pair’s bearish run may have run of steam, and a bullish correction could be underway soon. Forex traders have the opportunity to wait for the upward breach on the [...]
Gold:
Gold prices are once again dropping, and it is currently traded around $1107.45 an ounce. And now, the 8-hour chart's RSI is giving bullish signals, indicating that gold prices might go up. This might give forex traders a great opportunity to enter a very popular trend.
The GBP has dropped significantly versus the CAD in the past month, and it is currently trading around 153.55. And now as evident in the data below, the daily chart is giving bullish signals, indicating that the GBP/CAD pair might go up. Forex traders can take advantage of this impending movement by having their Entry [...]
GBP/AUD:
The pair's recent downward trend may be seeing some correction today as the hourly, 2 hour, 4 hour and daily RSI are floating in the oversold territory and a bullish cross is evident on the hourly and 2 hour charts' Slow Stochastic. A breach of the lower Bollinger Band is also evident on the 4 hour chart. Forex traders are advised to go long for today.
Crude oil prices rose significantly in the last two weeks and peaked at $82.30 per barrel. However, the 8-hour chart is suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Forex traders involved with commodities like this can take advantage of this knowledge by going short on crude oil [...]



