Technical Analysis 26 July 2010
|
|
 |
|
|
|
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 - 26 July 2010
|
Indices Technical Analysis
 Dow Jones Index Technical Analysis
DJI closed higher on Friday renewing this month's rally. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are turning bullish signalling that additional gains are possible near-term. If the Dow extends this month's rally, June's high crossing is the next upside target. Closes below Tuesday's low crossing would confirm that a short-term top has been posted.
 S&P 500 Index Technical Analysis
SPI closed higher on Friday extending the rebound off Tuesday's low. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways-to-higher prices are possible near-term. If it extends this month's rally, June's high crossing is the next upside target.
 Nasdaq Index Technical Analysis
NDI closed higher on Friday as it extended the rally off this month's low. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are bullish signalling that additional strength is possible near-term.
Forex Technical Analysis
 EUR/USD Technical Analysis
EUR/USD closed higher on Friday as it consolidates above the 10-day moving average crossing. The high-range close sets the stage for a steady-to-higher opening on Monday. However, stochastics and the RSI have turned bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews the rally off June's low, the 38% retracement level of the 2009-2010-decline crossing s the next upside target.
 USD/JPY Technical Analysis
USD/JPY closed higher due to profit taking on Friday. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are diverging and are turning bullish hinting that a short-term low might be in or is near. Multiple closes above the 20-day moving average crossing would confirm that a short-term low has been posted. If it extends the decline off May's top, last November's low crossing is the next downside target.
 GBP/USD Technical Analysis
GBP/USD closed sharply higher on Friday and posted a new high close for the rally off May's low. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are turning neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it resumes the rally off May's low, the 50% retracement level of the 2009-2010-decline 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.
Commodities Technical Analysis
 Gold Technical Analysis
Gold closed lower on Friday ending a short covering bounce off the 38% retracement level of this year's rally crossing. Stochastics and the RSI are oversold and turning neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off June's high, the 50% retracement level of the aforementioned decline crossing is the next downside target.
 Crude Oil Technical Analysis
Crude Oil closed lower due to profit taking on Friday as it consolidated some of Thursday's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off this month's low, June's high crossing is the next upside target. Closes below last Tuesday's low crossing would temper the near-term friendly outlook.
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 |
|
|
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 26 July 2010' edited by paddypowertrader, updated 26-Jul-10
Related Articles:
Stock Market Technical Analysis, updated 21-May-13
New technical analysis on the most popular stock market indices as well as individual shares. The market analysts give their opinion on the stock market technicals, where the market is heading and...read article: Stock Market Technical Analysis.
Forex Technical Analysis, updated 21-May-13
Updated technical analysis with market direction & support/resistance levels for EUR/USD, GBP/USD & USD/JPY. Plus forex market MAs, pivot points, stochastics, RSI and...read article: Forex Technical Analysis.
Commodities Technical Analysis, updated 21-May-13
The latest analysis of the support/resistance levels and market direction for crude oil, gold and other commodity markets. Each analyst interprets the technical levels and gives their view on...read article: Commodities Technical Analysis.
Technical Analysis for the Financial Markets, updated 20-May-13
Technical analysis reports on the UK & US stock markets plus the big forex and commodity markets. The market analysts cover short- & long-term trends, support/resistance levels, RSI, retracements and...read article: Technical Analysis for the Financial Markets.
Forex and Stock Market Index Daily Analysis: Technical Review for Dow Jones, Nasdaq, US Stock Markets, updated 17-Apr-13
Forex and Indices Analysis - Forex and Stock Market Index Daily Analysis: Technical Review for Dow Jones, Nasdaq, US Stock Markets and...read article: Forex and Stock Market Index Daily Analysis: Technical Review for Dow Jones, Nasdaq, US Stock Markets.
Stock Index and Currency Daily Spread Trading Technical Analysis on Euro/Dollar, S+P 500, US Stock Markets, updated 16-Apr-13
Technical Market Analysis - Stock Index and Currency Daily Spread Trading Technical Analysis on Euro/Dollar, S+P 500, US Stock Markets and...read article: Stock Index and Currency Daily Spread Trading Technical Analysis on Euro/Dollar, S+P 500, US Stock Markets.
Forex and Stock Market Indices Trading Market Analysis on Euro/Dollar, GBP/USD, US Indices, updated 15-Apr-13
Index and Forex Analysis - Forex and Stock Market Indices Trading Market Analysis on Euro/Dollar, GBP/USD, US Indices and...read article: Forex and Stock Market Indices Trading Market Analysis on Euro/Dollar, GBP/USD, US Indices.
Forex and Stock Market Spread Betting Market Analysis: Analysis for American Stock Markets, Dow Jones, S+P 500, updated 12-Apr-13
Daily Indices and Currencies Analysis - Forex and Stock Market Spread Betting Market Analysis: Analysis for American Stock Markets, Dow Jones, S+P 500 and...read article: Forex and Stock Market Spread Betting Market Analysis: Analysis for American Stock Markets, Dow Jones, S+P 500.
Stock Market Indices and Currency Financial Spread Betting Analysis for Dow Jones, S+P 500, American Stock Markets, updated 11-Apr-13
Stock Market and Forex Analysis - Stock Market Indices and Currency Financial Spread Betting Analysis for Dow Jones, S+P 500, American Stock Markets and...read article: Stock Market Indices and Currency Financial Spread Betting Analysis for Dow Jones, S+P 500, American Stock Markets.
FX and Stock Market Market Analysis: Technical Review for Currencies, Dow Jones, NASDAQ, updated 10-Apr-13
FX and Stock Market Analysis - FX and Stock Market Market Analysis: Technical Review for Currencies, Dow Jones, NASDAQ and...read article: FX and Stock Market Market Analysis: Technical Review for Currencies, Dow Jones, NASDAQ.
First Page << 1 2 3 4 5 6 7 8 9 10 11 12 >> Last Page
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!
|
|
