Technical Analysis Financial Trading
|
|
 |
|
|
|
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.
Today’s Technical Analysis:
|
|
Technical Analysis - 23 May 2012
|
Indices Technical Analysis
 Dow Jones Index Technical Analysis
The Dow Jones futures market closed unchanged on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral-to-bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted. If the Dow extends this month's decline, the 38% retracement level of the rally off the 2011 low crossing is the next downside target.
 S&P 500 Index Technical Analysis
The S&P 500 futures market closed higher on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral-to-bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted. If it renews the aforementioned decline, the 38% retracement level of the October-March rally crossing is the next downside target.
 Nasdaq Index Technical Analysis
The Nasdaq futures market closed lower on Tuesday and the mid-range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are turning bullish hinting that a 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 aforementioned decline, the 50% retracement level of the August-April rally crossing is the next downside target.
Forex Technical Analysis
 Euro / Dollar Technical Analysis
The EUR/USD closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted. If it extends this month's decline, weekly support crossing is the next downside target.
 Dollar / Yen Technical Analysis
The USD/JPY closed higher on Tuesday and the high-range close sets the stage for a steady-to-higher opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends the decline off March's high, the 62% retracement level of the February-March rally crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term bottom has been posted.
 Sterling / Dollar Technical Analysis
The GBP/USD closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, the 62% retracement level of this year's rally crossing is the next downside target. Closes above the 20 day moving average crossing would confirm that a short-term low has been posted.
 Dollar / Swiss Franc Technical Analysis
The USD/CHF closed higher on Tuesday and is poised to extend this month's rally. The high-range close sets the stage for a steady-to-higher opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral-to-bearish signalling that a high might be in or is near. Closes below the 20 day moving average crossing would confirm that a short-term high has been posted. If it extends this month's rally, January's high crossing is the next upside target.
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.
PipTrade >>
"With PipTrade you get all the normal
advantages of Spread Trading plus..." >> read
PipTrade review.
|
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 Financial Trading' edited by PipTrade, updated 23-May-12
Related Articles:
Technical Analysis, updated 24-May-12
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 with...read article: Technical Analysis.
Technical Analysis Financial Trading, updated 23-May-12
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...read article: Technical Analysis Financial Trading.
Stock Market Index Trading Technical Analysis on American Stock Markets, USD/JPY, NASDAQ, updated 22-May-12
Stock Market and FX Analysis - Stock Market Index Trading Technical Analysis on American Stock Markets, USD/JPY, NASDAQ and...read article: Stock Market Index Trading Technical Analysis on American Stock Markets, USD/JPY, NASDAQ.
Stock Market and Currency Spread Betting Technical Analysis Looking at DJIA, Nasdaq 100, FX, updated 21-May-12
Daily Stock Market and Forex Analysis - Stock Market and Currency Spread Betting Technical Analysis Looking at DJIA, Nasdaq 100, FX and...read article: Stock Market and Currency Spread Betting Technical Analysis Looking at DJIA, Nasdaq 100, FX.
Stock Market Index and Forex Financial Spread Betting Market Analysis with Dollar/Yen, Sterling/Dollar, Currencies, updated 18-May-12
Daily FX Technical Analysis - Stock Market Index and Forex Financial Spread Betting Market Analysis with Dollar/Yen, Sterling/Dollar, Currencies and...read article: Stock Market Index and Forex Financial Spread Betting Market Analysis with Dollar/Yen, Sterling/Dollar, Currencies.
Stock Index and Forex Market Analysis: Technical Review of Forex, EUR/USD, Nasdaq 100, updated 17-May-12
Daily Index and FX Analysis - Stock Index and Forex Market Analysis: Technical Review of Forex, EUR/USD, Nasdaq 100 and...read article: Stock Index and Forex Market Analysis: Technical Review of Forex, EUR/USD, Nasdaq 100.
Forex and Stock Market Indices Spread Trading Market Analysis on Euro/Dollar, NASDAQ, US Stock Markets, updated 16-May-12
Index and FX Analysis - Forex and Stock Market Indices Spread Trading Market Analysis on Euro/Dollar, NASDAQ, US Stock Markets and...read article: Forex and Stock Market Indices Spread Trading Market Analysis on Euro/Dollar, NASDAQ, US Stock Markets.
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 spread betting tips, offers, price updates, important news and more!
|
|
