Technical Analysis 15 July 2011
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Technical Analysis 15 July 2011

Technical Analysis 15 July 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

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.

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Today’s Technical Analysis:

Technical Analysis - 15 July 2011


Indices Technical Analysis

Dow Jones Index Technical Analysis   Dow Jones Index Technical Analysis

DJI closed lower on Thursday extending this week's decline. The low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that short-term top has been posted.

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

SPI closed lower on Thursday as it extended this week's decline. The low-range close sets the stage for a steady-to-lower opening when Friday's night session begins trading. Stochastics and the RSI remain bearish signalling that sideways-to-lower prices are possible near-term.

Nasdaq Index Technical Analysis   Nasdaq Index Technical Analysis

NDI closed lower on Thursday as it extended this week's decline off last Friday's high. The low-range close sets the stage for a steady-to-lower opening when Friday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term.



Forex Technical Analysis

EUR/USD Technical Analysis   Euro / Dollar Technical Analysis

EUR/USD closed lower on Thursday as it consolidated some of this week's rally. The low-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI are turning 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 month's decline, the 38% retracement level of the 2010-2011-rally crossing is the next downside target.

USD/JPY Technical Analysis   Dollar / Yen Technical Analysis

USD/JPY closed higher on Thursday as it consolidated some of the decline off last week's rally. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are overbought but remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this week's decline, March's low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.

GBP/USD Technical Analysis   Sterling / Dollar Technical Analysis

GBP/USD closed higher on Thursday as it extended Wednesday's breakout above the 20-day moving average crossing confirming that a low has been posted. Profit taking tempered early-session gains and the mid-range close sets the stage for a steady-to-lower opening on Friday. Stochastics and the RSI have turned bullish signalling that sideways-to-higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. If it renews the decline off May's high, the 75% retracement level of the 2010-2011-rally crossing is the next downside target.

USD/CHF Technical Analysis   Dollar / Swiss Franc Technical Analysis

USD/CHF closed lower on Thursday as it posted another new contract low extending this year's decline. Profit taking tempered early-session losses and the high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI remain bearish signalling that sideways-to-lower prices are possible near-term. If it extends this year's decline into uncharted territory, downside targets will be hard to project. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.



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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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 15 July 2011' edited by PipTrade, updated 15-Jul-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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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.

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