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18.09.2012 10:37 AM
Daily Trading Forecasts (September 18, 2012)

EURUSD: EURUSD traded sideways yesterday. The price is still above the EMA 21 and a new long order might be generated when the Stochastic Oscillator reaches the oversold territory.

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USDCHF: This pair was also caught in a sideways movement, and the price is still below the EMA 21. A renewed ‘sell’ signal would be valid once the Stochastic Oscillator gets to the overbought territory.

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GBPUSD: The Cable went moderately upward on Monday, and can continue doing so despite some imminent pullbacks, for the Williams’ % Range is in the overbought region. The price is still above the EMA 21.

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EURJPY: EURJPY went moderately upward on Monday. A pullback would not be a surprise because the Williams’ % Range is in the overbought territory, though the price still stays above the 2 EMAs.

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USDJPY: In this market, a long trade is now valid. The EMA 11 has already crossed the EMA 56 to the upside; therefore, confirming the change to a bullish bias.  

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