Daily Technical Analysis Forex & DJIA

Daily Forex Technicals | Written by Mizuho Corporate Bank
EURUSD
Comment: Bouncing smartly from the 26-day moving average and retracement support, adding weight to our view that the longer term trend is to a stronger Euro. Today's push above the 9-day moving average is impressive and should add to bullish momentum.
Strategy: Buy at 1.4115; stop well below 1.4000. Short term target 1.4225, then 1.4325.Direction of Trade: →↗ Chart Levels:
Support Resistance
1.4051 " 1.412
1.4 1.417
1.3925 1.423
1.385 1.427
1.3800* 1.4339
GBPUSD
Comment: Almost too good to be true as Cable bounces smartly from retracement and trendline support, and the 26-day moving average which all cluster around 1.5800. Yesterday's close above the 9-day moving average should add to bullish momentum for a re-test of this year's high at 1.6664. Strategy: Attempt longs at 1.6370, adding to 1.6000; stop below 1.5800. First target 1.6425, then 1.6650. Direction of Trade: →↗ Chart Levels:
Support Resistance
1.6295 " 1.64
1.617 1.6436
1.5985 1.65
1.5800* 1.6595
1.57 1.6664
USDJPY
Comment: Dropping below a thin Ichimoku 'cloud', hovering at its lower edge, above moving averages. Expect more cautious random small swings today and probably all week. Strategy: Possibly attempt small shorts on a bounce to 98.00, adding to 98.55; stop above 99.25. First target 97.00 then 96.00 Direction of Trade: → Chart Levels:
Support Resistance
97.25 " 97.73
97 98.1
96.83 98.58
96.65 98.85/99.00*
96 99.8
Daily Forex Technicals | Written by FXtechtrade
EUR/USD
Today's support: - 1.4025, 1.3990 and 1.3953(main), where correction is possible. Break would give 1.3922, where correction also may be. Then follows 1.3904. Break of the latter would result in 1.3891. If a strong impulse, we would see 1.3872. Continuation will give 1.3858. Today's resistance: - 1.4123(main). Break would give 1.4176, where a correction is possible. Then goes 1.4220. Break of the latter would result in 1.4247. If a strong impulse, we'd see 1.4266. Continuation will give 1.4290.
USD/JPY
Today's support: - 96.90(main). Break would bring 96.77, where correction is possible. Then 96.53, where a correction may also happen. Break of the latter will give 96.40. If a strong impulse, we would see 96.17. Continuation would give 95.86.
Today's resistance: - 97.88 and 98.21(main), where a correction may happen. Break would bring 98.58, where also a correction may be. Then 98.78. If a strong impulse, we would see 99.26 Continuation will give 99.47.
DOW JONES INDEX
Today's support: -8724.32, 8673.70, 8634.17 and 8561.40(main), where a delay and correction may happen. Break of the latter will give 8495.80, where correction also can be. Then follows 8463.00. Be there a strong impulse, we would see 8426.22. Continuation will bring 8392.44. Today's resistance: - 8808.80 and 8842.72(main), where a delay and correction may happen. Break would bring 8858.37, where a correction may happen. Then follows 8887.46, where a delay and correction could also be. Be there a strong impulse, we'd see 8910.00. Continuation would bring 8927.28.