Daily Recommendation By Technical Analysis Forex / Gold / DJIA

Daily Forex Technicals | Written by India Forex
Euro : The EURUSD broke below major trendline support at 1.48 levels. The bias is neutral to bearish in nearest term as we need a consistent move below 1.4820/1.4800 to continue the bearish scenario. Break of 1.4850 would make the bias bullish again. (EURUSD -1.4731) Neutral to Bearish.
Sterling : Cable looks bearish in near term and continuous break below 1.62 levels would target 1.5850 (weekly lower Bollinger) levels soon. Please note that 1.62 is a very strong support of the long term weekly trendline. Look at shorts at 1.64 levels.(GBPUSD- 1.6264) Bearish.
Yen : The JPY had corrected lower yesterday after touching 100 days EMA at 90.63 levels. The weekly and daily charts stochastic are showing oversold patterns and most likely we are going to see 90 plus levels soon. Initial resistance at 90.30/70 area. (USDJPY-88.35) Neutral.
AUD : The AUD is holding below the weekly trendline and we are looking at 0.8800 levels soon. Shorts at 0.9150 levels can be initiated for 200 pips. (AUDUSD - 0.9058) Neutral to Bearish.
Gold : Gold has broken crucial support at $1130 and targeting the next support of 1080-1090 dollars where we could initiate long positions. Incase the levels below 1130 dollars is not held for long it would be Rangebound till 1170 dollars. (Gold - $1132) Neutral to Bearish.
Dollar Index: The rally in the dollar index affirms that rebound from 74.19 is still in progress and should now be targeting 161.8% projection at 76.52 next. Break there will suggest that the rise from 74.91 is developing into an impulsive wave which adds more credence to the case that the bullish case that the index has bottomed out in medium term at 74.19. We're looking at the prospect of rally to 38.2% retracement of 89.62 to 74.19 at 80.08 in the least bullish scenario. On the downside, though, below 75.49 minor support will turn intraday bias neutral.(DI - 76.15) Neutral
Daily Forex Technicals | Written by FXtechtrade
EUR/USD
Today's support: - 1.4648, 1.4623 and 1.4584(main), where correction is possible. Break would give 1.4538, where correction also may be. Then follows 1.4520. Break of the latter would result in 1.4496. If a strong impulse, we would see 1.4462. Continuation will give 1.4427 and 1.4400.Today's resistance: - 1.4784, 1.4853 and 1.4896(main). Break would give 1.4917, where a correction is possible. Then goes 1.4943. Break of the latter would result in 1.4965. If a strong impulse, we'd see 1.5030. Continuation will give 1.5072.
USD/JPY
Today's support: - 88.22(main). Break would bring 88.04, where correction is possible. Then 87.76, where a correction may also happen. Break of the latter will give 87.57. If a strong impulse, we would see 87.26. Continuation would give 86.70.Today's resistance: - 88.77, 89.13 and 89.32(main), where a correction may happen. Break would bring 89.66, where also a correction may be. Then 90.03. If a strong impulse, we would see 90.58. Continuation will give 90.96.
DOW JONES INDEX
Today's support: - 10240.14(main), where a delay and correction may happen. Break of the latter will give 10217.63, where correction also can be. Then follows 10196.50. Be there a strong impulse, we would see 10182.40. Continuation will bring 10172.12.Today's resistance: - 10329.40, 10395.16 and 10440.23(main), where a delay and correction may happen. Break would bring 10553.00, where a correction may happen. Then follows 10528.42, where a delay and correction could also be. Be there a strong impulse, we'd see 10553.00. Continuation would bring 10585.20