FOREXYARD: Forex News Blog

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• CAD JPY on Course for Reversal
• USD JPY Anticipating a Bullish Run
• Silver Upward Direction Taking Place
• USD TRY Anticipating a Bullish Run
• GBP CAD Reversal in the Making?
• USD JPY on Course for Reversal?

CAD JPY on Course for Reversal Posted: 13 Jul 2009 03:39 AM PDT • The charts below are the 4-hour chart and daily chart for CAD/JPY by ForexYard. • The technical indicators used are Slow Stochastic, RSI and MACD. • Point 1: The RSI on the 4- hour chart signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure. • Point 2: The MACD indicates a bullish cross, signaling that the next move maybe in an upward direction. • Point 3: The RSI on the daily chart also support the upward direction. CAD/JPY 4-Hour Chart CAD/JPY Daily Chart

USD JPY Anticipating a Bullish Run Posted: 10 Jul 2009 07:03 AM PDT • The charts below are the hourly chart and daily chart for USD/JPY by ForexYard. • The technical indicators used are the Slow Stochastic and RSI. • Point 1: The RSI on the daily chart signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure. • Point 2: The Slow Stochastic indicates a bullish cross, signaling that the next move maybe in an upward direction. • Point 3: The RSI on the hourly chart also support the upward direction. USD/JPY Daily Chart USD/JPY Hourly Chart

Silver Upward Direction Taking Place Posted: 02 Jul 2009 07:26 AM PDT • The charts below are the hourly chart and 4-hour chart for Silver by ForexYard. • The technical indicators used are the Slow Stochastic and RSI. • Point 1: The Slow Stochastic on the hourly chart indicates a bullish cross, signaling that the next move maybe in an upward direction • Point 2: RSI signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure. • Point 3: The RSI on the 4-hour chart also support the upward direction. Silver Hourly Chart Silver 4-Hour Chart

USD TRY Anticipating a Bullish Run Posted: 01 Jul 2009 06:57 AM PDT • Below is the hourly chart for the USD/TRY by ForexYard. • The indicators used are the Slow Stochastic and RSI. • Point 1: There is a "doji" candlestick formed in the chart, indicating that a reversal should take place. • Point 2: The RSI signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure. • -Point 3: The Slow Stochastic indicates a bullish cross, which also supports the upward notion.

GBP CAD Reversal in the Making? Posted: 24 Jun 2009 08:43 AM PDT • The charts below are the 4-hour chart and daily chart for GBP/CAD by ForexYard • The technical indicators used are the Slow Stochastic and RSI • Point 1: The Slow Stochastic on the daily chart indicates a bearish cross, signaling that the next move maybe in a downward direction. • Point 2: RSI signals that the price of this pair currently floats in the over-bought territory, indicating downward pressure. • Point 3: The Slow Stochastic on the 4-hour chart also support the downward direction. • The volatile upward movement which occurred prior to this downward correction has generated these indicators, and there appears to be room for this correction to continue. GBP/CAD Daily Chart GBP/CAD 4-Hour Chart

USD JPY on Course for Reversal? Posted: 23 Jun 2009 01:37 AM PDT - Below are the 4-hour chart and the daily chart for the USD/JPY by ForexYard. - The indicators used are the MACD, Slow Stochastic and RSI. - Point 1: The RSI on the Daily Chart signals that the price of this pair currently sits near the bottom border, suggesting upward pressure. - Point 2: The Slow Stochastic shows a bullish cross, which supports the upward notion. - Point 3: The MACD on the 4-hour chart indicates a bullish cross , signaling that the next move maybe in an upward direction - Point 4: The RSI on the 4-hour chart also support the upward direction - Point 5: On both charts there is a doji formation. This signals a reversal to the recent trend and also adds weight to the notion of an upward movement. USD/JPY Daily Chart USD/JPY 4-Hour Chart

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