Daily Forex Technicals |
EUR/USD
Today's support: - 1.3950 and 1.3910(main), where correction is possible. Break would give 1.3891, where correction also may be. Then follows 1.3857. Break of the latter would result in 1.3812. If a strong impulse, we would see 1.3770. Continuation will give 1.3735.
Today's resistance: - 1.4075 and 1.4104(main). Break would give 1.4130, where a correction is possible. Then goes 1.4147. Break of the latter would result in 1.4172. If a strong impulse, we'd see 1.4198. Continuation will give 1.4218.
USD/JPY
Today's support: - 94.02 and 93.54(main). Break would bring 93.37, where correction is possible. Then 93.12, where a correction may also happen. Break of the latter will give 92.81. If a strong impulse, we would see 92.65. Continuation would give 92.36.Today's resistance: - 94.56, 94.95 and 95.43(main), where a correction may happen. Break would bring 95.67, where also a correction may be. Then 95.90. If a strong impulse, we would see 96.30. Continuation will give 96.64.
DOW JONES INDEX
Today's support: - 8251.87, 8223.70 and 8190.00(main), where a delay and correction may happen. Break of the latter will give 8174.11, where correction also can be. Then follows 8143.32. Be there a strong impulse, we would see 8121.10. Continuation will bring 8097.20.Today's resistance: - 8325.36, 8368.70 and 8413.60(main), where a delay and correction may happen. Break would bring 8438.60, where a correction may happen. Then follows 8474.25, where a delay and correction could also be. Be there a strong impulse, we'd see 8507.77. Continuation would bring 8528.40.
Daily Forex Technicals
EURO
After breaching the minor resistance at 1.3945, The Euro versus Dollar pair was able to touch 14050 last Friday before reversing back to the downside to trade near the 1.4000 level. A downside correction may be witnessed to as far as 1.3740 before rebounding back to the upside towards 1.4140 – 1.4180. The upside direction remains as far as 1.3740 is intact.The trading range for today is among the key support at 1.3580 and the key resistance at 1.4380 The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120
Support: 1.3970, 1.3850, 1.3780, 1.3740, 1.3705
Resistance: 1.4050, 1.4115, 1.4140, 1.4215, 1.4300
Recommendation: According to our analysis, sell the pair below 1.3970 with targets at 1.3850 and stop loss with four hour closing above 1.4050
GBP
The Cable continued to trade between the resistance level for the ascending channel between 1.5880 and 1.5915 as it attempts to close above this level to continue the incline. We expect to witness a downside correction to 1.5790 (38.2% correction) in an attempt to gather bullish momentum to support the incline to target 1.6100 as far as 1.5590 is intact. The trading range for today is among the key support at 1.5590 and the key resistance at 1.6200 The general trend is tot eh upside as far as 1.4840 is intact with targets at 1.6600
Support: 1.5845, 1.5790, 1.5745, 1.5700, 1.5645
Resistance: 1.5890, 1.5935, 1.6005, 1.6030, 1.6100
Recommendation: According to our analysis, buy the pair above 1.5790 with targets at 1.5930 and stop loss with four hour closing below 1.5700
JPY
The Dollar recovered some of the losses versus the yen to slightly incline towards 94.55. The key resistance for the downside channel shifted to 94.85 and we expect the pair to maintain trading below this level to target 93.50 and 92.40 as far as 97.05 is intact.The trading range for today is among the key support at 91.90 and the key resistance at 97.05 The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60
Support: 94.40, 93.95, 93.50, 92.95, 92.40
Resistance: 94.85, 95.25, 95.75, 96.45, 97.05
Recommendation: According to our analysis, sell the pair below 94.85 with targets at 93.50 and stop loss with four hour clsoing above 95.55
CHF
The Dollar versus Swissy pair was able to reach the key support for the downside channel to reach 1.0820 where it has currently rebounded to target 1.1095. We expect the pair to continue the correction on the intraday basis to reach 1.0960 – 1.0980 as it is pressured by momentum indicators showing the pair being oversold before reversing back to the downside to target the short term targets at 1.0745 and 1.0570 respectively as far as 1.1090 is intact.The trading range for today is among the key support at 1.0745 and the key resistance at 1.1205 The general trend is to the upside as far as 1.0570 is intact with targets at 1.2245
Support: 1.0820, 1.0770, 1.0745, 1.0710, 1.0655
Resistance: 1.0900, 1.0960, 1.1040, 1.1090, 1.1125
Recommendation: According to our analysis, sell the pair below 1.0960 with targets at 1.0820 and stop loss with four hour closing above 1.1040
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