Daily Technical Analysis Forex/DJIA/Gold

Daily Forex Technicals | Written by Mizuho Corporate Bank
EURUSD
Comment: Tricky as prices remain within the 1.3800 to 1.4100 range that has held most of the time since May. We continue to feel we are preparing to break out of recent ranges, the best examples currently AUD and NZD. Strategy: Attempt longs at 1.4030; stop below 1.3800. Short term target 1.4100, then 1.4200.Direction of Trade: →↗Chart Levels:
Support Resistance
1.3982 " 1.4062
1.3888 1.4109
1.385 1.4139
1.3826 1.4178
1.38 1.423
GBPUSD
Comment: Pushing towards the apex of the 'triangle/pennant' and moving averages suggest a long position. The pound is not in the slightest bit overbought and bullish momentum is among the strongest in years. A weekly close above 1.6600 is needed to take bullish momentum back up to the very strong levels of early June.
Strategy: Attempt small longs at 1.6390/1.6300; stop below 1.6080. First target 1.6500, then 1.6600. Direction of Trade: →↗ Chart Levels:
Support Resistance
1.6368 " 1.6474
1.6231 1.6507
1.6209 1.6562
1.6187 1.6622
1.612 1.6664*
USDJPY
Comment: Retreating smartly from the lower edge of the Ichimoku 'cloud' to form a 'spike high' candle against the moving averages. This has added to bearish momentum and the US dollar is not oversold. Probably not today, but maybe next week, we favour a test of the pivotal 94.00 area. Strategy: Sell at 95.85/96.00; stop well above 96.65. First target 95.50, then 95.00 and more.Direction of Trade: →↘ Chart Levels:Support Resistance
95.62 " 96.07
95.5 96.58
95 96.80*
94.88 97.27*
94.44 97.65
Daily Forex Technicals | Written by India Forex
Rupee : The markets are currently holding slightly bearish bias . Breaking of 48.90 on the upside would confirmation of further weakness towards 49.50 and 49.95 . On the downside 48.00 levels is holding support. Despite late monsoons if the rupee maintains bullishness day after day and breaks 48.00 then we need to reconsider bearishness. (USD/INR : 48.55)
Gold :Gold rose quite a bit after FOMC decision . The view stays neutral as of now. (Gold- $941.66). Neutral
Dollar Index :Dollar index extends the rebound from 79.56 and is set to take on 80.94. We're anticipating a break of 80.94 resistance to signal resumption of rise from 78.33, to be confirmed by break of 81.36/47 resistance zone. Further rally should be seen to next key resistance at 82.62 (38.2% retracement of 89.62 to 78.93 at 82.64). in such case.. (DI- 80.45) Bullish
Daily Forex Technicals | Written by FXtechtrade | Jun 26 09 02:05 GMT |
DOW JONES INDEX
Today's support: - 8370.00, 8326.11 and 8280.23(main), where a delay and correction may happen. Break of the latter will give 8257.46, where correction also can be. Then follows 8233.70. Be there a strong impulse, we would see 8187.19. Continuation will bring 8118.68.Today's resistance: - 8505.00(main), where a delay and correction may happen. Break would bring 8533.11, where a correction may happen. Then follows 8562.26, where a delay and correction could also be. Be there a strong impulse, we'd see 8597.80. Continuation would bring 8628.75.