By TraderVox.com
EUR/USD
A bullish cross on the daily chart's Slow Stochastic indicates that this pair could see upward movement in the near future. This theory is supported by the Williams Percent Range on the same chart, which has dropped into oversold territory. Going long may be a wise choice for this pair going into the rest of the week.
GBP/USD
The daily chart's Bollinger Bands are beginning to narrow, indicating that this pair could see a price shift in the near future. Furthermore, a bearish cross on the weekly chart's Slow Stochastic indicates that this pair could see downward movement in the coming days. This may be a good time to open short positions ahead of a possible downward breach.
USD/JPY
Long term technical indicators are providing mixed signals for this pair. While the daily chart's Williams Percent Range is in oversold territory, meaning that upward movement could occur, the weekly chart's MACD/OsMA has formed a bearish cross. Taking a wait and see approach may be the wise choice for this pair.
USD/CHF
A bearish cross on the daily chart's Slow Stochastic indicates that this pair could see downward movement in the near future. This theory is supported by the Williams Percent Range on the weekly chart, which has just crossed over into overbought territory. Going short may be the wise choice for this pair.
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