Tighter Forex Spreads With Forexgen

EUR/USD
For the past couple of days the pair has consolidated near the 1.4150 level. However, a bearish cross on the 4 hour chart's Slow Stochastic suggests that the pair should resume its bearish trend. Going short with tight stops seems to be preferable.

GBP/USD
The 4 hour chart shows that the cable's bearish momentum was temporarily halted. Nevertheless, as all oscillators on the 4 hour chart are pointing down, it appears that going short might be the right choice today.


USD/JPY
The pair has been going through choppy sessions with no distinct direction for a few weeks now. However, a bullish cross on the 4 hour chart's Slow Stochastic indicates that the pair is on the verge of a bullish movement. Going long seems to be the right strategy today.

USD/CHF
The pair continues to be traded in relatively tight range, and no distinct direction is being observed on the hourly and 4 hour chart's studies. The pair might continue to linger in neutral territory until a clearer signal will be formed. It is advised to stay out of this one until the smoke of uncertainty clears.

The Wild Card

EUR/AUD
The pair has recently peaked at the 1.7660 level and been dropping ever since. As all oscillators on the 4 hour chart are giving bearish signals, it seems that the pair will extend its bearish move. This might be a great opportunity for forex traders to join a very promising trend.

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