ForexBees

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Entries for December 30th, 2009

AUDCAD MACD Divergence

The following is the hourly chart of AUDCAD currency pair as of DEC. 30th, 3AM EST. If you observe the currency pair it has formed MACD divergence. Moreover
1) CCI has reached the overbought region and it is trying to cross below 100.
2) Stochastics has reached overbought region and it is trying to cross below +80.
So [...]

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EURNZD daily chart trend line broken

The following is the daily chart for EURNZD as of DEC. 30th., 3AM EST. If you observe this you can see that it is on a trend line and the trend line was broken with a strong bearish candlestick. So I am expecting the graph to come down more. Check the following daily chart for [...]

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GBPCHF trend line broken in daily chart

The following is the GBPCHF daily chart as of DEC. 30th, 3AM EST. If you observe the daily chart it is on a trend line and it was broken with a strong bearish candlestick. Moreover the bollinger bands is downwards. So even though the stochastics and CCI are in oversold region, I am still hoping [...]

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