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.
Indices Technical Analysis Dow Jones Index Technical Analysis
DJI closed higher on Thursday but remains above broken resistance marked by April's high crossing. The high-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term.
S&P 500 Index Technical Analysis
SPI closed higher on Thursday as it consolidates some of the rally off April's low. The high-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term.
Nasdaq Index Technical Analysis
NDI closed higher on Thursday as it extends some of the decline off April's high. The high-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term.
Forex Technical Analysis Euro / Dollar Technical Analysis
EUR/USD closed higher on Thursday and the high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off January's low, weekly resistance crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
Dollar / Yen Technical Analysis
USD/JPY closed lower on Thursday as it consolidates some of the rally off March's low. The mid-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off March's low, the 62% retracement level of the 2010-2011-decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term bullish outlook.
Sterling / Dollar Technical Analysis
GBP/USD closed lower on Thursday and above the 20-day moving average crossing confirming that a short-term low has been posted. The mid-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, March's high crossing is the next upside target. If it renews the decline off March's high, the 50% retracement level of the December-March rally crossing is the next downside target.
Dollar / Swiss Franc Technical Analysis
USD/CHF closed lower on Thursday consolidating some of the rally off March's low. The low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off March's low, March's high crossing is the next upside target. Closes below the 20-day moving average crossing are needed to temper the near-term bullish outlook.
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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.
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