Technical Analysis for Dow Jones 29-6-2015

Technical Analysis for Dow Jones 29-6-2015

Dow Jones moved last Friday in the average movement of 319 pips, its highest level at 17921 and the lowest Level at 17785 and closed at 17870 to Lose 100 pips, during Friday’s trading.

Dow opened today's trading at 17571 to make a gap with 298 pips and now is trading around 17704.

Dow moves in a series of up impulse waves after breaking the price channel.

Dow achieved our target last week at 17800

It is expected that the oil is heading targeting 17790 to make a little of correction as the target on time frame of four hours and till now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 17796 and 17722 and 17660

Resistance levels: 17932 and 17994 and 18068

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Technical Analysis for EUR/JPY 29-6-2015

Technical Analysis for EUR/JPY 29-6-2015

Eur/Jpy pair moved last Friday in the average price movement of 87 PIPs, it recorded the highest level at 138.67 and the lowest at 137.80 and closed at 138.33 to Lose 18 PIPs during Friday’s trading according to Concern about the Greek case.

The pair opened today at 134.80 to make a gap with 355 pips and now the pair went up to trade around 136.86.

The pair is moving in a series of down correction waves after breaking the price channel.

So it is expected that the pair eur/jpy will reach the targeted level at 137.70 in the next few hours.

The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.

Medium term trend: UP

Support levels: 137.86 and 137.39 and 136.99

Resistance levels: 138.73 and 139.13 and 139.60

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Technical Outlook for USD/JPY 29-6-2015

Technical Outlook for USD/JPY 29-6-2015

Usd/Jpy pair moved last Friday in the average price movement of 76 PIPs, it recorded the highest level at 123.99 and the lowest levels at 123.22 levels and closed at 123.87 to Gain 22 pip according to Friday’s economic data.

The pair opened today at 122.71 to make a Gap with 116 pips and now the pair is trading around 122.77

And we saw yesterday the pair traded close to our target at 124.30

It is expected that the pair Usd against the Jpy will go to targeted level at 121.30 in the next few hours.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: Down

Support levels: 123.39 and 122.92 and 122.62

Resistance levels: 124.16 and 124.46 and 124.93

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Technical Outlook for GBP/USD 29-6-2015

Technical Outlook for GBP/USD 29-6-2015

Gbp/Usd pair move last Friday in the average price movement of 58 PIPs, it records the highest level at 1.5767 the lowest levels at 1.5709 levels and closed at 1.5747 to Gain just 5 pips according to Friday’s economic data.

The pair opened today at 1.5682 to make a gap with 65 pips and then the pair Rise to cover this gap at 1.5746 and now the pair is trading around 1.5700

The pair is moving in a series of down corrective waves although after breaking the price channel.

And we saw the pair went down to trade close to our target at 1.5640

It is expected that the pair Pound against the dollar will go to targeted level at 1.5640 in the next few hours According to economic data today.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: down

Support levels: 1.5715 and 1.5683 and 1.5657

Resistance levels: 1.5773 and 1.5799 and 1.5831

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Technical Outlook for EUR/USD 29-6-2015

Technical Outlook for EUR/USD  29-6-2015

Eur/Usd pair moved last Friday in the average price movement of 90 PIPs, it recorded the highest level at 1.1220 and the lowest at 1.1130 and closed at 1.1165 to lose 35 PIP According to Concern about the Greek case.

The pair opened today at 1.0988 to make a gap with 177 pips, and in the European session the pair went up to 1.1113 and now is trading around 1.1070.

The pair is moving in a series of up impulse waves after breaking the price channel, and now we prefer to avoid the market until a clearer vision.

And we saw the achieved our target at 1.1120

It is expected that the pair eur /usd will reach the targeted level at 1.1150 in the next few hours.

The Relative Strength Indicator "RSI" reveals the beginning of accumulation operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1123 and 1.1081 and 1.1033

Resistance levels: 1.1213 and 1.1261 and 1.1303

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