Technical Analysis 15 September 2010
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Technical Analysis 15 September 2010

Technical Analysis 15 September 2010
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   EUR/USD
USD/JPY Technical Analysis   USD/JPY
GBP/USD Technical Analysis   GBP/USD

Commodities Technical Analysis
Gold Technical Analysis   Gold
Crude Oil Technical Analysis   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.

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For today’s report see: Technical Analysis.

Technical Analysis - 15 September 2010


Indices Technical Analysis

Dow Jones Index Technical Analysis   Dow Jones Index Technical Analysis

DJI closed lower on Tuesday as it consolidates the rally off August's low. The mid-range close sets the stage for a steady opening on Wednesday. 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   S&P 500 Index Technical Analysis

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

Nasdaq Index Technical Analysis   Nasdaq Index Technical Analysis

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



Forex Technical Analysis

EUR/USD Technical Analysis   EUR/USD Technical Analysis

EUR/USD closed higher on Tuesday while extending the trading range of the past four weeks. The high-range close sets the stage for a steady-to-higher opening on Wednesday. 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 Technical Analysis

USD/JPY closed lower on Tuesday and posted the lowest close of the year. The low-range close sets the stage for a steady-to-lower opening on Wednesday. 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 Technical Analysis

GBP/USD 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 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.



Commodities Technical Analysis

Gold Technical Analysis   Gold Technical Analysis

Gold closed higher on Tuesday and above the 10-day moving average crossing signalling that a short-term low 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 Technical Analysis

Crude Oil closed lower on Tuesday as it consolidates the rally off August's low and the mid-range close sets the stage for a steady opening on Wednesday. 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.




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'Technical Analysis 15 September 2010' edited by paddypowertrader, updated 15-Sep-10



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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