FXstreet.com

0

0

Fxtechtrade

Mon, Mar 31 2008, 05:18 GMT
by Nikolajs Serikovs

FXtechtrade


Several words about the EUR/USD future.
Resistance (daily close) :  1.4692 and 1.4884. Then 1.5117, 1.5386, 1.5592 and 1.5660. Break of the letter will lead to 1.5865, 1.7280 и 1.9430.
Support (daily close) : : 1.4366, 1.3972, 1.3770 and 1.3567. Then 1.3411, 1.3263, 1.3106 and  1.2964 (published on  07.11.2007).

Dow Jones :
Resistance(daily close)
: 13 567.60, 13 668.74 and 13 792.53. Then 13 972.50, 14 045.62, 14 124.38 and 14 225.63. Break of the latter will lead to 14 298.75, 14 414.06, 14 501.28 и 14 578.94.
Support(daily close): 13 395.94, 13 162.60, 13 038.74 and 12 937.40. Then 12 743.40, 12 652.03,  12 506.84, 12 397.40, 12 214.70, 12 116.25, 12 048.05, 11 913.40 и 11 864.53. Break of the latter will lead to 11 694.36, 11 593.13, 11 328.75 и 11 131.87 (published on May 18, 2007).

Light Crude :
Support (daily close): 87.20, 84.94, 80.43, 71.88, 70.43, 68.06, 66.30, 64.66, 62.33 and 60.97. Then follow  58.27, 57.62, 56.47, 54.34, 52.20 и 50.36. Next levels - 48.32, 46.80 и 45.06.
Resistance(daily close) :95.73, 98.21, 99.45, 101.48 and 102.27 (published on October 30, 2007). Next levels 103.73, 105.32, 106.54, 109.35, 112.56 and 117.28. Then follow 121.50, 124.03 and 126.56 (added on February 29, 2008).

EUR/USD

Today’s support: -  1.5739, 1.5716 and 1.5694 (main), where correction is possible.Break would give 1.5671, where correction also may be. Then  1.5643. Break of the latter would result in 1.5616. If a strong impulse, we would see 1.5596. Continuation will give 1.5581.
Today’s resistance: - 1.5868 and 1.5896(main). Break would give 1.5919, where a correction is possible. Then 1.5932. Break of the latter would result in 1.5947. If a strong impulse, we’d see 1.5970. Continuation will give 1.5988 and 1.5996.

USD/JPY

Today’s support: - 99.42 and 99.23(main). Break would bring 99.10, where correction is possible. Then 98.92. If a strong impulse, we would see 98.77. Continuation would give 98.40 and 98.23.
Today’s resistance: - 100.36 and 100.60(main), where a correction may happen. Break would bring 100.81, where also a correction may be. Then 101.04. If a strong impulse, we would see 101.13. Continuation will give 101.28.

DOW JONES INDEX

Today’s support: -  12 189.38 and 12 152.75(main),
where a delay and correction may happen. Break of the latter will give 12 133.00, where correction also can be. Then 12 121.87. Be there a strong impulse, we would see 12 102.19. Continuation will bring 12 085.32 and 12 062.82.
Today’s resistance: - 12 285.00, 12 318.77 and 12 352.52(main), where a a delay and correction may happen.Break would bring 12 377.70, where a correction may happen.Then 12 466.12, where a delay and correction could also be. Be there a strong impulse, we’d see 12 487.46. Continuation would bring 12 515.63.


Archive

FXtechtrade  | Riga, Republic of Latvia
http://www.fxtechtrade.com | vilks49@yahoo.com

Legal disclaimer and risk disclosure

Any information presented by Nikolajs Serikovs at this very website should be in no way understood as an offer, promise or guarantee for receiving a profit or avoiding the losses. Stated here levels of support and resistance must not be construed as an investment advice or endorsement for any financial instrument. There exists no guarantee that the market would behave in accordance with the information stated here Prepared in Republic of Latvia for the worldwide distribution.


Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account
Deutsche Bank
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.