Market Analysis

Daily Technical Analysis

Daily Technical Analysis

EUR/USD


Daily Technical Analysis on EUR/USD

August 22, 2017
Current level - 1.1786

The intraday bounce is over with the recent peak at 1.1827 and my outlook is bearish, for a break through the trigger at 1.1730, towards 1.1580.
resistance
intraday intraweek
1.1830 1.1909
1.1850 1.2000
support
intraday intraweek
1.1730 1.1580
1.1580 1.1480

USD/JPY


Daily Technical Analysis on USD/JPY

Current level - 109.25

The consolidation pattern above 108.60 should be close to completion, so I favor a reversal around 109.60, for a sell-ff towards 108.10, en route to 107.00 area.
resistance
intraday intraweek
109.60 111.00
110.30 112.20
support
intraday intraweek
108.60 108.10
108.10 107.00

GBP/USD


Daily Technical Analysis on GBP/USD

Current level - 1.2853

The outlook is still bearish, for a break through 1.2800 zone, towards 1.2600 area. Key hurdle remains projected at 1.2930.

resistance
intraday intraweek
1.2930 1.3260
1.3050 1.3500
support
intraday intraweek
1.2804 1.2804
1.2705
1.2480

EUGERMANY30


Daily Technical Analysis on EUGERMANY30

Current level - 12138

The intraday bias is positive and the index is heading for a test of 12200 area and an eventual break there will unleash a rise towards 12340 hurdle.
resistance
intraday intraweek
12200 12340
12300 12670
support
intraday intraweek
12090 11850
11940
11420

US30


Daily Technical Analysis on US30

Current level - 21758

Yesterday's low at 21600 provoked a rebound and the index is currently testing 21800 static resistance. I favor a reversal to initiate slide towards 21650.

resistance
intraday intraweek
21800 21970
21900 22180
support
intraday intraweek
21650 21650
21540
21450

UK100


Daily Technical Analysis on UK100

Current level - 7366

Current rebound above 7285 should be considered corrective, preceding another dive towards 7190. Major intraday resistance lies at 7400.

resistance
intraday intraweek
7400 7600
7450 7700
support
intraday intraweek
7350 7290
7290
7190

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