Market Analysis

Daily Technical Analysis

07.12.2016

EUR/USD


Daily Technical Analysis on EUR/USD

December 7, 2016
Current level - 1.0715

The corrective pattern below 1.0795 peak is still underway, ready for a tight test of 1.0680 support zone. The latter should provide a reliable base for another upswing towards 1.0860 area. Initial intraday support lies at 1.0680, followed by 1.0630.
resistance
intraday intraweek
1.0795 1.0865
1.0865 1.0990
support
intraday intraweek
1.0680 1.0680
1.0630 1.0460

USD/JPY


Daily Technical Analysis on USD/JPY

Current level - 114.33

The bias remains neutral below 114.80 resistance and only a break through the latter will challenge 116.00 weekly hurdle. Key support lies at 112.85.

resistance
intraday intraweek
114.85 114.85
116.00 116.00
support
intraday intraweek
113.50 111.40
112.85 109.75

GBP/USD


Daily Technical Analysis on GBP/USD

Current level - 1.2647

A reversal has been confirmed at 1.2772 peak and the intraday bias is negative, for a test of 1.2560 support area. Initial resistance is projected at 1.2690.

resistance
intraday intraweek
1.2690 1.2820
1.2772 1.3130
support
intraday intraweek
1.2560 1.2360
1.2435
1.2280

EUGERMANY30


Daily Technical Analysis on EUGERMANY30

Current level - 10828

The uptrend reached 10830 resistance and the outlook remains bullish, for another rise towards 11000 sentiment area. Key support lies at 10720. 

resistance
intraday intraweek
10830 11000
11000 11400
support
intraday intraweek
10720 10540
10540
10400

US30


Daily Technical Analysis on US30

Current level - 19240

The outlook here remains bullish, for a break through 19285 high, en route to 19500 area. Crucial on the downside is 19116 low.

resistance
intraday intraweek
19285 19300
19285 19500
support
intraday intraweek
19116 18970
19050
18630

UK100


Daily Technical Analysis on UK100

Current level - 6812

The bias remains bullish, for a break through 6850 hurdle, towards 7000 sentiment area. Crucial on the downside is 6720 low.

resistance
intraday intraweek
6850 7000
7000 7130
support
intraday intraweek
6780 6640
6720
6520

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