Technical Analysis 14 January 2011
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Technical Analysis 14 January 2011

Technical Analysis 14 January 2011
Indices Technical Analysis

Dow Jones Index Technical Analysis   Dow Jones Index
S&P 500 Index Technical Analysis   S&P 500 Index
Nasdaq Index Technical Analysis   Nasdaq Index

Forex Technical Analysis

EUR/USD Technical Analysis   Euro / Dollar
USD/JPY Technical Analysis   Dollar / Yen
GBP/USD Technical Analysis   Sterling / Dollar
USD/CHF Technical Analysis   Dollar / Swiss Franc

Commodities Technical Analysis

Commodities Technical Analysis   Commodities Analysis

The Daily Technical Analysis report covering both Support and Resistance Levels as well as Stochastics and RSI Indicators for the key Forex markets and the major US Stock Market Indices.

Supplied and sponsored by PipTrade.

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Technical Analysis - 14 January 2011


Indices Technical Analysis

Dow Jones Index Technical Analysis   Dow Jones Index Technical Analysis

DJI posted an inside day with a lower close on Thursday as it consolidated some of Wednesday's rally. The mid-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are diverging and neutral and will need to see additional strength before turning bullish.

S&P 500 Index Technical Analysis   S&P 500 Index Technical Analysis

SPI closed lower due to profit taking on Thursday as it consolidated some of Wednesday's rally. The mid-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are diverging but are bullish signalling that sideways-to-higher prices are possible near-term.

Nasdaq Index Technical Analysis   Nasdaq Index Technical Analysis

NDI closed slightly higher on Thursday as it consolidates some of its recent gains. The high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term.



Forex Technical Analysis

EUR/USD Technical Analysis   Euro / Dollar Technical Analysis

EUR/USD closed sharply higher for the second day in a row on Thursday extending this week's rally. The high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways-to-higher prices are possible near-term. Closes above December's high crossing are needed to confirm an upside breakout of this winter's trading range.

USD/JPY Technical Analysis   Dollar / Yen Technical Analysis

USD/JPY closed lower on Thursday as it consolidates around the 20-day moving average crossing. 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 renews the rally off December's low, December's high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the bullish outlook.

GBP/USD Technical Analysis   Sterling / Dollar Technical Analysis

GBP/USD closed higher on Thursday as it extends the rally off December's low. The high-range close sets the stage for a steady-to-higher 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 this month's low, December's high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

USD/CHF Technical Analysis   Dollar / Swiss Franc Technical Analysis

USD/CHF closed lower on Thursday as it consolidates some of the rally off December's low. The low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are oversold and are turning neutral-to-bearish hinting that a top might be in or is near. Closes below the 20-day moving average crossing would temper the bullish outlook. If it extends this month's rally, the 38% retracement level of last year's decline crossing is the next upside target.



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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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'Technical Analysis 14 January 2011' edited by PipTrade, updated 14-Jan-11



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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