Stock Market Index and Currency Financial Spread Betting Analysis Covering US Stock Markets, USD/JPY, Dollar/Swiss Franc

Stock Market Index and Currency Financial Spread Betting Analysis Covering US Stock Markets, USD/JPY, Dollar/Swiss Franc

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 - 13 June 2012

Indices Technical Analysis

Dow Jones Index Technical Analysis

The Dow Jones futures market closed higher on Tuesday and the high-range close sets the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If the Dow renews this spring's decline, the 50% retracement level of the rally off the 2011 low crossing is the next downside 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 on Wednesday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this spring's decline, the 50% retracement level of the October-March rally crossing is the next downside target.

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 on Wednesday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this spring's decline, the 50% retracement level of the August-April rally crossing is the next downside target.

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 higher on Tuesday and the high-range close sets the stage for a steady-to-higher opening on Wednesday. Stochastics and the RSI are neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted. If it renews this year's decline, weekly support crossing is the next downside target.

Dollar / Yen Technical Analysis

The USD/JPY closed higher on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends last week's rally, the 38% retracement level of the March-June decline crossing is the next upside target. Closes below the 10 day moving average crossing would temper the near-term bullish outlook.

Sterling / Dollar Technical Analysis

The GBP/USD closed higher 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 bullish signalling that sideways-to-higher prices are possible near-term. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted. If it renews this spring's decline, weekly support crossing is the next downside target.

Dollar / Swiss Franc Technical Analysis

The USD/CHF closed slightly lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral-to-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 high has been posted. If it renews the rally off May's low, weekly support crossing is the next upside target.

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.

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'Stock Market Index and Currency Financial Spread Betting Analysis Covering US Stock Markets, USD/JPY, Dollar/Swiss Franc' edited by PipTrade, updated 13-Jun-12

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