Greek Debts, Greek Deficit, Euro Tumbles

Dow Jones Industrials:

The 4-hour chart displays a strong uptrend with a tightening of the pair’s Bollinger Bands. This signals a possible breakout move. The MACD histogram is also trending higher, indicating the momentum is to the upside. CFD traders may want to go long prior to a breakout to the upside.

Air Transportation Fiasco in Europe Leads to EUR Decline

Platinum:

Platinum prices rose significantly in the last week and peaked at $1739.75 for an ounce. However, the 4-hour chart’s RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.

EUR Rebounds on Stronger than Expected ZEW Sentiment

S&P 500:

The Relative Strength Index (RSI) on the 1-hour chart currently shows that the CFD is well into overbought territory. This sentiment is supported by both the RSI and Stochastic Slow on the 2-hour chart. Going short may be a wise move for CFD traders today.

Will the EUR’s Bearish Trend Continue this Week?

Dow Jones Industrials:

The Relative Strength Index (RSI), on the 1-hour chart clearly shows the CFD trading in overbought territory. This sentiment is supported by the Stochastic Slow on the 2-hour chart, indicating a bearish correction is on the horizon. CFD traders are advised to go short with tight stops today.

Will Crude Oil Continue To Drop?

Crude Oil :

After last weeks drop a correction may be seen today as the hourly, 2 hour and 4 hour RSI seen floating in the oversold territory and a bullish cross is seen on the 4 hour and 2 hour charts’ Slow Stochastic. Forex traders may be advised to go long for the day.

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