Daily Technical Analysis Forex/DJIA/Gold

Daily Forex Technicals | Written by Mizuho Corporate Bank
EURUSD
Comment: Messy, random small moves at the upper edge of a 'triangle' consolidation pattern, though note that one-month at-the-money implied volatility has picked up a little. The Euro is no longer overbought though momentum is nil. 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 1.4275; stop below 1.4085. Short term target 1.4350.
Direction of Trade: → Chart Levels:
Support Resistance
1.4252 " 1.4283
1.4177 1.4295
1.411 1.4328
1.4085 1.4448**
1.4045* 1.45














GBPUSD
Comment: Trading within a thinning Ichimoku 'cloud' and there is a small chance that Cable may try and hold above the top of the formation.Strategy: Attempt small longs at 1.6315; stop well below 1.6100. First target 1.6380, then 1.6600. Direction of Trade: → Chart Levels:
Support Resistance
1.6237 " 1.6324
1.6113 1.6382
1.6033 1.65
1.5985 1.656
1.594 1.6665
USDJPY
Comment: Dropping towards July's low at 91.73, the nine-day moving average limiting highs and putting the US dollar into oversold territory. A break below 91.50 should see implied at-the-money volatility increase significantly and increasing bearish momentum.Strategy: Sell at 92.40, 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
92.00 " 92.41
91.94 93.06
91.88/91.73* 93.55
91.5 94.08
90.85* 95.07
Daily Forex Technicals | Written by India Forex
Rupee : Rupee reached our exact target of 49.20 levels and corrected lower. We would favour going longs around 48.75 levels (importers cover). Despite up move in stock markets rupee is still showing bearish moves which indicates bearishness in rupee. Moroever slight strength in dollar across pushes rupee down severely. We maintain further bearishness in rupee in medium term. Only and Only if we get support from dollar strength and bearish momentum in stocks ,commodities and dollar index we could see rupee at 50 levels soon. Bearish (USD/INR : 48.86)
Euro : Euro had a massive sell off yesterday and took trendline support close to 1.4180 levels. Staying below 1.4180 levels would break the weekly trendline for the pair.. Shorts can be initiated around 1.4350 to 1.4400 and longs around 1.4180 levels. (EUR/USD 1.4275) Neutral
Sterling : Pound is holding below its weekly trendline resistance at 1.6450. Look at selling at upticks. Immediate sell target is 1.6350-6400 levels. Staying below 1.6200 would target 1.58. (GBP/USD 1.6262) . Bearish
Yen : Yen has again entered the weekly triangle consolidation pattern between 92 to 98 levels. Risk aversion and Risk appetite has been playing sea-saw since last couple of months. The triangle pattern is very much visible within the weekly range. Buy at dips close to 92-93 and sell at 97-98 levels remains the strategy.Medium term target is 90. (USD/JPY 92.42) Rangebound
Aud : Aud maintain the bullish bias. Buying at dips close to important supports remains the best strategy in the current market scenario.Only a continous move below 0.8200 would break the trendline and stand bearish for the pair. (AUD/USD -0.8373) In Correction Mode
Gold : Gold broke the weekly trendline resistance and had a bullish momentum yesterday despite weakness in equity and oil prices as investors considered it to be a safe haven . Buyers can hold long positions for the target $985.(Gold - 976.90) Bullish.
Dollar Index : The Dollar Index (basket against 6 currencies with EUR accounting for 57% of the basket) needs to break the levels of 79.50 to maintain strength again. Keep an eye on this level. (Dollar Index - 78.30).Bullish
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.