Wednesday, February 16, 2011

Update Daily Investment News 16-02

Forex and Dow Jones Recommended Levels
Written by FXtechtrade


EUR/USD
Today's support: - 1.3450(main), where correction is possible. Break would give 1.3429, where correction also may be. Then follows 1.3408. Break of the latter would result in 1.3388. If a strong impulse, we would see 1.3354. Continuation will give 1.3318. Today's resistance: - 1.3540, 1,3581, 1.3603 and 1.3637(main). Break would give 1.3667, where a correction is possible. Then goes 1.3686. Break of the latter would result in 1.3728. If a strong impulse, we'd see 1.3749. Continuation will give 1.3770
USD/JPY
Today's support: - 83.40, 82.91 and 82.57(main). Break would bring 82.32, where correction is possible. Then 82.03, where a correction may also happen. Break of the latter will give 81.88. If a strong impulse, we would see 81.65. Continuation would give 81.43 and 81.22.Today's resistance: - 83.94(main), where a correction may happen. Break would bring 84.13, where also a correction may be. Then 84.34. If a strong impulse, we would see 84.48. Continuation will give 84.60.
DOW JONES INDEX
Today's support: - 12195.07 and 12158.30(main), where a delay and correction may happen. Break of the latter will give 12135.94, where correction also can be. Then follows 12122.73. Be there a strong impulse, we shall see 12087.36. Continuation will bring 12048.62 and 12015.20.Today's resistance: - 12251.30, 12287.81, 12307.50 and 12334.22(main), where a delay and correction may happen. Break would bring 12366.70, where a correction may happen. Then follows 12382.25, where a delay and correction could also be. Be there a strong impulse, we'd see 12403.13. Continuation would bring 12424.19.


Written by Admiral Markets
The Daily Wave Analysis
Currency pair EUR/USD
By the present moment descending movement of euro which has begun in the beginning of February, has almost generated the Zigzag which, within the limits of alternative, can be the correctional wave [ii] of C. If the assumption is true, after its terminations, it is possible to expect the new wave of growth of pair as the impulse [iii] of C

Currency pair GBP/USD.
Within the limits of the alternative scenario, ascending movement which is formed from the beginning of new year, can be the impulse [i] waves With of of (Y) of [X]. If the assumption is true, by the present moment the correctional wave [ii] of C was generated and, hence, it is possible to expect growth of the cable as the impulse [iii] of C. At the same time, considering modest enough depth and duration of correction, there are all bases to assume, that at the given stage, the part of the wave [ii] of C is generated only.\

Currency pair USD/JPY.
Probably, within the limits of the presented alternative, the impulse (ะก) of [3] in which frameworks development of the Double Three 4 of (C) resembles by the end is formed. If the prospective wave 4 of (C) and remains the Double Three after its terminations, it is possible to expect the beginning of falling of the price as the impulse or the Diagonal Triangle 5 of (C) of [3].

Currency pair USD/CHF
It is not excluded, that the impulse or the Diagonal Triangle With of (Y) of [B] is already formed. Probably within the limits of its development, by the given moment of the complete the correctional wave [ii] of C. If the assumption is true, it is possible to expect falling of US dollar as the wave [iii] of C.

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http://www.cnbc.com/id/41600742

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http://www.bloomberg.com/news/2011-02-15/euro-may-weaken-versus-dollar-on-head-and-shoulders-technical-analysis.html

Oil Gains First Day in Four as Drop in U.S. Supply Signals Demand Recovery
http://www.bloomberg.com/news/2011-02-15/oil-trades-near-11-week-low-in-n-y-on-forecasts-u-s-fuel-supply-to-rise.html

The Question That Could Spark a Crash
http://dailytradealert.com/2011/02/13/the-question-that-could-spark-a-crash/

Gold May Weaken on Speculation One-Month High to Deter Buyers
http://www.bloomberg.com/news/2011-02-16/gold-may-weaken-on-speculation-advance-to-one-month-high-to-deter-buyers.html

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