Forex and Stock Market Trading Market Analysis on USD/JPY, S&P 500, Forex for 09 May 2012

09 May 2012 Forex and Stock Market Trading Market Analysis on USD/JPY, S&P 500, Forex

Indices Technical Analysis
	Dow Jones Index
	S&P 500 Index
	Nasdaq Index
Forex Technical Analysis
	Euro / Dollar
	Dollar / Yen
	Sterling / Dollar
	Dollar / Swiss Franc
Commodities Technical Analysis
	Commodities Analysis

Daily Technical Analysis report discussing Support and Resistance Levels and Indicators such as Stochastics and the RSI for major FX markets, the Dow Jones, S&P 500 and NASDAQ.

Supplied and sponsored by PipTrade.

Today’s Technical Analysis:

Technical Analysis - 9 May 2012

Indices Technical Analysis

Dow Jones Index Technical Analysis

The Dow Jones futures market closed lower on Tuesday and the high-range close sets the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI have turned bearish signalling that sideways-to-lower prices are possible near-term. If the Dow extends today's decline, the reaction low crossing is the next downside target. If the Dow renews this year's rally, monthly resistance crossing is the next upside target.

S&P 500 Index Technical Analysis

The S&P 500 futures market closed higher due to short covering on Tuesday and the high-range close sets the stage for a steady-to-higher opening when Wednesday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends last week's decline, the 25% retracement level of the October-March rally crossing is the next downside target. Closes above the 10 day moving average crossing would temper the bearish outlook.

Nasdaq Index Technical Analysis

The Nasdaq futures market closed higher due to short covering on Tuesday and the high-range close sets the stage for a steady-to-higher opening when Wednesday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it extends last week's decline, March's low crossing is the next downside target. Closes above the 20 day moving average crossing would signal that a short-term low has been posted.

For another view also see Indices Trading News
For more information on speculating on indices see Indices Spread Trading

Forex Technical Analysis

Euro / Dollar Technical Analysis

The EUR/USD closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways-to-lower prices are possible near-term. Closes below this year's trading range support crossing would open the door for a possible test of January's low crossing. Closes above the 10 day moving average crossing would confirm that a short-term low has been posted.

Dollar / Yen Technical Analysis

The USD/JPY closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral-to-bullish hinting that a short-term bottom might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a short-term bottom has been posted. If it extends the rally off March's high, the 62% retracement level of the February-March rally crossing is the next downside target.

Sterling / Dollar Technical Analysis

The GBP/USD closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted. If it renews the rally off April's low, the 87% retracement level of the 2011-2012 decline crossing is the next upside target.

Dollar / Swiss Franc Technical Analysis

The USD/CHF closed higher on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends today's rally, March's high crossing is the next upside target. Closes below the 10 day moving average crossing would confirm that a short-term high has been posted.

For another view also see Forex Trading News
For more information on speculating on forex see Forex Spread Trading

Spread Trading and CFDs carry a high level of risk and you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

The contents of this report are for information purposes only. It is not intended as a recommendation to trade. Neither CleanFinancial.com nor PipTrade accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read Financial Spreads review.

Spread Trading and CFDs carry a high level of risk and you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

Article approved/supplied by PipTrade which is a trading name Henyep Capital Markets (UK) Limited which is authorised and regulated by the Financial Services Authority. Register No: 186171.

'09 May 2012 Forex and Stock Market Trading Market Analysis on USD/JPY, S&P 500, Forex' edited by PipTrade, updated 09-May-12

Related Articles:

Stock Market Technical Analysis, updated 17-Jun-13
Daily stock market technical analysis with market direction, support/resistance levels, RSI, MAs etc. Each stock market analyst gives their opinion on the technicals and...read article: Stock Market Technical Analysis.

Forex Technical Analysis, updated 17-Jun-13
Daily forex technical analysis with market direction & support/resistance levels for EURUSD, GBPUSD & USDJPY. The forex analysis reviews the MAs, technical pivot points, stochastics, RSI and...read article: Forex Technical Analysis.

Commodities Technical Analysis, updated 17-Jun-13
Daily commodities technical analysis reviewing support/resistance levels and market direction for crude oil, gold and other commodity markets. Each technical analyst gives their view on...read article: Commodities Technical Analysis.

Technical Analysis for the Financial Markets, updated 14-Jun-13
Technical analysis reports on the UK & US stock markets plus the big forex and commodity markets. The market analysts cover short- & long-term trends, support/resistance levels, RSI, retracements and...read article: Technical Analysis for the Financial Markets.

Guide to Economic Indicators, updated 14-Jun-13
A guide to economic indicators and how they can impact the markets and therefore your trading. Here we look at CPI, GDP, PMI, retail sales, durable goods, Philly Fed and...read article: Guide to Economic Indicators.

Currencies Analysis Discussing Dollar-Swiss Franc, RSI and Trading Ranges, updated 11-Jun-13
Daily technical market analysis reviewing a range of forex, commodity markets and stock indices such as Dollar-Swiss Franc, Coffee and the S&P 500 Index. Analysis includes trading signals, ranges and market direction. There is more...read article: Currencies Analysis Discussing Dollar-Swiss Franc, RSI and Trading Ranges.

Indices Market Technical Analysis Review of the Dow Using Retracement Levels and Potential Market Direction, updated 10-Jun-13
Analysis with views on indices, forex markets and commodities that include the Dow, GBP-USD and Natural Gas. The financial analysis considers closing prices, technical crossings and the potential market direction, there's further daily...read article: Indices Market Technical Analysis Review of the Dow Using Retracement Levels and Potential Market Direction.

Technical Analysis: Report on Gas Which Looks at Both MAs and Closing Prices, updated 07-Jun-13
Market analysis with viewpoints on the most traded commodities, stock markets and forex eg Gas, the FTSE and USD-JPY. Market analysts look at the possible market direction, closing prices and technical signals, plus there's further...read article: Technical Analysis: Report on Gas Which Looks at Both MAs and Closing Prices.

Forex Technical Analysis: Review of USD/CHF Which Covers Price Targets and Trading Signals, updated 06-Jun-13
Financial analysis reviewing a range of FX markets, stock markets and commodities e.g. USD/CHF, the FTSE and Copper. The technical analysis includes market direction, moving averages and target levels plus there's more...read article: Forex Technical Analysis: Review of USD/CHF Which Covers Price Targets and Trading Signals.

Currencies Technical Analysis for EUR/USD Looking at Pivots and Trading Options, updated 05-Jun-13
Daily market analysis discussing a range of currencies, indices and commodity markets that include EUR/USD, Crude Oil and the Dow. The analysts give their opinion on target prices, trends and pivots. There is more daily...read article: Currencies Technical Analysis for EUR/USD Looking at Pivots and Trading Options.

First Page << 1 2 3 4 5 6 7 8 9 10 11 12 >> Last Page

Technical Analysis Index - an Index of Daily Technical Analysis articles covering Trends, Supports and Resistance Levels for some of the major Forex markets as well as US Stock Market Indices like the Dow, NASDAQ 100 and S&P 500.

Q) Average Trading Results?

A) Get free trading tips, offers, price updates, important news and more! All Free - Click here!

Risk Warning: CFD trading and spread trading carry a high level of risk to your capital and you may lose more than your initial investment. CFD trading and spread trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

1) Daily Trading Tips

2) Financial Tips