Will The Euro Drop Further Following Spain’s Credit Downgrade?

GOLD:

It seems as though a new bullish cross has formed on the 4-hour Stochastic (slow) for the price of Gold. This may indicate that an upward price movement is imminent. The daily MACD/OsMA also shows a bullish cross, supporting the notion that upward pressure exists on this commodity at the technical level. Forex traders don’t want to miss out on a possible opportunity to make fast profits by jumping in on this predictable price movement in one of the world’s most exciting and tradable commodities

Can EUR Sustain Thursday’s Rally?

S&P 500:

The Stochastic Slow on the 4-hour chart indicates that the CFD is trading well in overbought territory. This typically means a bearish correction could occur in the near future. This theory is supported by the Relative Strength Index on the 2-hour chart. CFD traders are advised to go short with tight stops today.

EUR Tumbles on Fresh Debt Concerns

Gold:

Gold prices rose significantly yesterday and peaked at $1218 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.

Shares and EUR Decline as Debt Concerns Hit Markets

AUD/NZD:

The RSI for the pair is floating in the overbought territory on the hourly and 2 hour charts with a bearish cross evident on the 2 hour and 4 hour charts’ Slow Stochastic. Forex Forex traders may be advised to go short for the day.

Euro Tumbles Following Spanish Bank Takeover

This pair’s drastic downturn over the last two weeks has surprised many. However, we do see many technical signals indicating some positive news for the Aussie. The RSI on the daily chart is showing the price deep within the over-sold territory, while the Stochastic (slow) on the same chart recently finished a bullish cross and is now pointing upward. The weekly RSI has also just entered the over-sold zone, suggesting that this week may be the turning point for this pair. Forex traders won’t want to miss out on a great opportunity to call the reversal and make maximum gains with the Aussie Dollar.

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