Technical Analysis 14 September 2010

Technical Analysis 14 September 2010

Indices Technical Analysis
	Dow Jones Index
	S&P 500 Index
	Nasdaq Index
Forex Technical Analysis
	EUR/USD
	USD/JPY
	GBP/USD
Commodities Technical Analysis
	Gold
	Crude Oil

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

Supplied and sponsored by PipTrade.

For today’s report see: Technical Analysis.

Technical Analysis - 14 September 2010

Indices Technical Analysis

Dow Jones Index Technical Analysis

DJI closed higher on Monday as it extends the rally off August's low. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that additional strength is possible near-term.

S&P 500 Index Technical Analysis

SPI gapped up and closed higher on Monday as it extended the rally off August's low. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that additional gains are possible near-term.

Nasdaq Index Technical Analysis

NDI closed higher on Monday as it extends the rally off August's low. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are overbought but remain neutral-to-bullish signalling that additional gains are possible near-term.

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

Forex Technical Analysis

EUR/USD Technical Analysis

EUR/USD closed higher due to short covering on Monday while extending the trading range of the past four weeks. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are turning neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it renews the rally off August's low, the reaction high crossing is the next upside target. Closes below the reaction low crossing would renew the decline off August's high.

USD/JPY Technical Analysis

USD/JPY closed lower on Monday and posted the lowest close of the year. The low-range close sets the stage for a steady-to-lower opening on Tuesday. Stochastics and the RSI are diverging but remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.

GBP/USD Technical Analysis

GBP/USD closed higher due to short covering on Monday as it extend the trading range of the past three weeks. The mid-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI are neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the reaction high crossing would temper the near-term bearish outlook. If it renews the decline off August's high, the reaction low crossing is the next downside target.

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

Commodities Technical Analysis

Gold Technical Analysis

Gold closed higher on Monday and below the 10-day moving average crossing signalling that a short-term top might be in or is near. Stochastics and the RSI are overbought, diverging and are turning bearish hinting that additional profit taking is possible near-term. Closes below the 20-day moving average crossing would confirm that a double top with June's high has been posted. If it renews the rally off July's low, June's high crossing is the next upside target.

Crude Oil Technical Analysis

Crude Oil closed higher on Monday as it extends the rally off August's low. Profit taking tempered early gains and the mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off August's low, the 62% retracement level of the August decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook.

For another view also see Commodities Trading News
For more information on speculating on commodities see Commodities Spread Trading

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.

PipTrade Account / Website

Go to » PipTrade Website

Go to » Apply for a PipTrade Account

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.

'Technical Analysis 14 September 2010' edited by paddypowertrader, updated 14-Sep-10

Related Articles:

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

3) Financial Tipping