Market Analysis

Daily Technical Analysis

Daily Technical Analysis

EUR/USD


Daily Technical Analysis on EUR/USD

October 16, 2017
Current level - 1.1793

My outlook is bearish after the second failure at 1.1880, for a break through 1.1790, towards 1.1660 major support. 
resistance
intraday intraweek
1.1880 1.1940
1.1940 1.2070
support
intraday intraweek
1.1790 1.1660
1.1716 1.1480

USD/JPY


Daily Technical Analysis on USD/JPY

Current level - 111.78

The bias is still bearish, for a tight test of 111.50, with a risk of a dip to 111.00. The latter should provide a reliable base for another upswing towards 114.50 area. Trigger on the upside is 112.25 high.
resistance
intraday intraweek
112.25 113.80
112.80 114.50
support
intraday intraweek
111.50 111.00
111.00 107.30

GBP/USD


Daily Technical Analysis on GBP/USD

Current level - 1.3285

The recent rise has tested precisely 1.3340 hurdle, but the bias is still positive, so there is a risk of another attempt towards the mentioned resistance. An eventual break through that area will challenge 1.3460 zone. Crucial on the downside is 1.3220 and a violation of that zone will signal a slide towards 1.3000 area.

resistance
intraday intraweek
1.3340 1.3340
1.3340 1.3650
support
intraday intraweek
1.3220 1.2910
1.3120
1.2760

EUGERMANY30


Daily Technical Analysis on EUGERMANY30

Current level - 13011

The overall bias remains bullish, for a rise towards 13100. Crucial on the downside is 12930.
resistance
intraday intraweek
13050 13000
16100 13250
support
intraday intraweek
12930 12635
12850
12470

US30


Daily Technical Analysis on US30

Current level - 22897

The uptrend is intact, heading towards 23000 area. Crucial on the downside is 22820 low.

resistance
intraday intraweek
22950 23000
23000 23000
support
intraday intraweek
22820 22500
22690
22230

UK100


Daily Technical Analysis on UK100

Current level - 7550

There is no sign of a reversal here and the bias remains bullish, for a break through 7560, towards 7600 area. Initial support lies at 7520.

resistance
intraday intraweek
7560 7600
7600 7600
support
intraday intraweek
7520 7190
7450
7080

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