There is a nice Crude oil short signal on the daily chart, and i have uploaded a video that shows the signal here:
If you liked it, i am going to post more of those in my new youtube channel www.youtube.com/forextvblog
Enjoy.
Archive for July, 2009
July 22, 2009 - The USD Rebounds from Six Weeks Low
[caption id="attachment_1741" align="alignleft" width="128" caption="USD Rebounds from Six Weeks Low"][/caption]The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won't act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve Board chairman's testimony was favorable for the USD, as his assessment on the U.S. economy revived the greenback's safe-haven appeal.
The U.S. Dollar rebounded while U.S. stocks retreated yester... ( read more )
July 22, 2009 - Daily Forex Tips – July 22nd 2009
Bernanke Testimony to Impact Dollar
[caption id="attachment_1737" align="alignleft" width="128" caption="Daily Forex Tips"][/caption]There are several important events coming from the U.S. and Europe including the Industrial New Orders and Fed Chairman Bernanke Testifies. Market tends to be extremely volatile during those events. Traders may find good opportunities to enter the market following these important announcements.
The strongest instrument for today is the USD and gold. The USD continues to show bullish activity against the GBP.... ( read more )
July 21, 2009 - Wall Street Rallies After CIT Bailout Decision
[caption id="attachment_1731" align="alignleft" width="293" caption="Wall Street Screens"][/caption]
Yesterday's rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy protection bailout. The resultant boost in confidence led stock markets into a strong rally, followed by a declaration from the Bank of Japan (BOJ) that their economy may no longer be getting worse. All of this optimism has helped to increase ... ( read more )
GBP/USD – Strong Bullish Signal – July 20th ...
GBP/USD – Strong Bullish Signal – July 20th 2009 – 1:30 GMT
Here is a chart formation that shows the signal: