2010-03-08: Market’s Calmness Looks to End
After a week of relatively peaceful trading, much harsher volatility is expected for this week’s trading. The main questions for this week are whether the U.S. economy will continue to provide positive data and whether the Greek debt crisis will reach a solution. An answer to each of these questions will have a significant impact on the market.

EUR/USD
The hourly and 2 hour charts’ RSI are floating in the overbought territory with the hourly, 2 hour and 4 hour charts’ Slow Stochastic exhibiting a bearish cross. Going short with tight stops for the day may be advised.

GBP/USD
The hourly, 2 hour and 8 hour charts’ RSI are floating in the overbought territory with the 4 hour chart’s Slow Stochastic exhibiting a bearish cross. Going short for the day may be advised.

USD/JPY
The 2 hour, 4 hour and 8 hour charts’ RSI is floating in the overbought territory, while a breach of the upper Bollinger Band is evident on the 8 hour chart. Furthermore, a bearish cross is evident on the 4 hour and 8 hour charts’ Slow Stochastic. Going short for the day may be advised.

USD/CHF
A bullish cross is evident on the 2 hour and 4 hour charts’ Slow Stochastic with the 2 hour with the hourly and 2 hour RSI floating in the oversold territory. Going long for the day may be advised.

AUD/JPY
The pair’s 2 hour, 4 hour and 8 hour RSI are floating in the overbought territory. A breach of the upper Bollinger Band is evident on the 4 hour and 8 hour charts, while a bearish cross is evident on the 4 hour and 8 hour charts’ Slow Stochastic.