Yen is getting stronger against USD. It could be the effect of china economic slow down plus the weaking of oil prices. A technical analysis show us that USDJPY is already in its oversold area. Wait for a moment to get know about the market reaction before deciding to trade this pair.
Oil price looks will retrace to $40 per barrel in several days from now! If it can hit resistance on $42 it will go to test the next resistance on $46. Most of indicators that I used give positive signals because oil price is already oversold for a number of day. Just wait and see a good chance to go long with oil.
Watch ORCL ..... this stock is currently classified as an undervalued stock because it has an intrinsic value around $47.34 based on Vuru Analysis, all technical indicator that I used (Stoch,CCI and MACD) show that this stock is in condition of oversold. Wait a good momentum to buy.
US Dollar Index is still show a big probability to increase after Christmas Holliday, both Stoch and CCI indicate that there are still room to gain plus MACD indicator show us that US Index is already move from bearish zone to the neutral zone, that could be continued to the bullish zone. Just wait for a right moment!
US Dollar is still strong .... it can be viewed from 1D chart of US Dollar Index, Stoch!astic is already in the bottom, it indicates that the price has potential to go up....just prepare to buy it!
