• Below is the 8-hour chart of the USD/DKK currency pair.

• The technical indicators used are the Slow Stochastic, and Relative Strength Index (RSI) and Williams Percent Range.

• Point 1: There is a “doji” candlestick that has formed on the chart, indicating that a reversal should take place.

• Point 2: The Slow Stochastic indicates an impending bullish cross, which may signal an upward movement is going to occur in the near future.

• Point 3: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure.

• Point 4: The Williams Percent Range has peaked near at the -100 marker, which means that there may actually be a strong level of upward pressure.

USD/DKK 8-Hour Chart

USD/SEK: After a few days of trading sideways, this pair now seems to be giving off some clear buy signals. The 4-hour Stochastic (slow) appears to be approaching the beginning of a bullish cross, indicating future upward movement. The daily and weekly Stochastic (slow) also seem to indicate an impending bullish cross. The daily RSI also appears to be floating in the over-sold territory, indicating further upward pressure. Forex traders may want to take advantage of this information and enter a short-term long position on this pair for quick daily profits. GOLD: It seems as though a new bullish cross has formed on the 4-hour Stochastic (slow) for the price of Gold. This may indicate that an upward price movement is imminent. The daily MACD/OsMA also shows a bullish cross, supporting the notion that upward pressure exists on this commodity at the technical level. Forex traders don't want to miss out on a possible opportunity to make fast profits by jumping in on this predictable price movement in one of the world's most exciting and tradable commodities

The Euro-Zone CPI –estimate for April rose to 1.5% from 1.4% as expected which was the highest in more than a year. Increasing energy costs have started to put upward pressure on inflation, but existing slack in the region is expected to limit potential appreciation.

• Below is the daily chart of the USD/CAD currency pair. • The technical indicators used are the Relative Strength Index (RSI), MACD, and Williams Percent Range. • Point 1: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure. • Point 2: The MACD indicates an impending bullish cross, which [...]