Daily FX * DJIA Technical Analysis

Daily Forex Technicals | Written by Mizuho Corporate Bank
EURUSD
Comment: Very dreary though still consolidating at the upper edge of the range that has held since late May. The Euro is no longer overbought and momentum is just bullish. We feel that the long term trend to US dollar weakness will resume, if not this month then in October.Strategy: Attempt small longs at 1.4255; stop below 1.4085. Short term target 1.4350, then 1.4445.Direction of Trade: →Chart Levels:
Support Resistance
1.4235 " 1.4295
1.4177 1.4328
1.411 1.435
1.4085 1.4448**
1.4045* 1.45
GBPUSD
Comment: Rallying quietly to the upper edge of a thin Ichimoku 'cloud' and there is a small chance that Cable may try and hold above the top of this formation though moving averages do not confirm.Strategy: Attempt small longs at 1.6345; stop well below 1.6100. First target 1.6380/1.6400, then 1.6600.Direction of Trade: →Chart Levels:
Support Resistance
1.6304 " 1.6382
1.628 1.6415
1.6237 1.65
1.615 1.658
1.6100* 1.6665














USDJPY
Comment: Bouncing slowly from a low at 91.94 yesterday, ahead of July's low at 91.73. With a little luck the nine-day moving average will again limit highs leading to a concerted downside test late today. A break below 91.50, possibly with a gap lower over the weekend, should see implied at-the-money volatility increase significantly and increasing bearish momentum.Strategy: Sell at 92.60, adding to 93.00; stop above 93.55. Short term target 92.00/91.75 with moves below here likely to becoming increasingly erratic.
Direction of Trade: → Chart Levels:
Support Resistance
92.50 " 92.79
91.94 93.06
91.88/91.73* 93.55
91.5 94.08
90.85* 95.07
Daily Forex Technicals | Written by FXtechtrade
DOW JONES INDEX
Today's support: - 9270.00(main), where a delay and correction may happen. Break of the latter will give 9244.50, where correction also can be. Then follows 9233.25. Be there a strong impulse, we would see 9202.50. Continuation will bring 9182.30 and 9163.12.Today's resistance: - 9360.00 and 9415.30(main), where a delay and correction may happen. Break would bring 9452.81, where a correction may happen. Then follows 9489.37, where a delay and correction could also be. Be there a strong impulse, we'd see 9516.10. Continuation would bring 9543.62 and 9588.80.