Market Analysis

Daily Technical Analysis

24.08.2016

EUR/USD


Daily Technical Analysis on EUR/USD

August 24, 2016
Current level - 1.1295

The failure of the EUR/USD to break the resistance at 1.1360 sets a bear trend for 1.1230 and 1.1050.  First important resistance is the 1.1360-80 zone.

resistance
intraday intraweek
1.1380 1.1380
1.1430 1.1430
support
intraday intraweek
1.1155 1.0950
1.1040 1.0820

USD/JPY


Daily Technical Analysis on USD/JPY

Current level - 100.33

The near term direction of the USD/JPY pair is negative. Possible failure to go under the intraday support at 99.50 could send the pair back toward the 100.50 – 102.70 trading range.


resistance
intraday intraweek
101.70 103.96
102.80 106.70
support
intraday intraweek
100.00 100.00
100.00 98.90

GBP/USD



Current level - 1.3176

After the break of the resistance at 1.3160 the trend is positive for a test of 1.3370.  Minor support is 1.3150

.

resistance
intraday intraweek
1.3100 1.3160
1.3160 1.3290
support
intraday intraweek
1.2865 1.2790
1.2790
1.2500

EUGERMANY30


Daily Technical Analysis on EUGERMANY30

Current level - 10576

The German benchmark could not continue the positive impulse that led to a breakthrough of the 10700 level, but at the same time could not stay below the support zone of 10480.  The trend is positive and  we expect that the index will test the 10800 level and if successful will continue the upward momentum.

resistance
intraday intraweek
10800 10880
10880 11000
support
intraday intraweek
10600 10270
10510
10000

US30


Daily Technical Analysis on US30

Current level - 18522

Our expectations for a continuation of the positive trend towards the 19000 psychological level remain intact.. There is a minor support at 18460.
resistance
intraday intraweek
18640 18900
19000 19000
support
intraday intraweek
18470 18370
18370
18240

UK100


Daily Technical Analysis on UK100

Current level - 6842

The upward momentum remains strong, heading for a test of the 7000 resistance. Crucial on the downside remains 6625.

resistance
intraday intraweek
7000 7130
7070 7130
support
intraday intraweek
6900 6875
6875
6610

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