Economic Calendar

Wednesday, May 6, 2009

Forex and Dow Jones Recommended Levels

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Daily Forex Technicals | Written by FXtechtrade | May 06 09 03:33 GMT |

EUR/USD

Today's support: - 1.3230(main), where correction is possible. Break would give 1.3208, where correction also may be. Then follows 1.3177. Break of the latter would result in 1.3160. If a strong impulse, we would see 1.3133. Continuation will give 1.3084.

Today's resistance: - 1.3297 and 1.3350(main). Break would give 1.3386, where a correction is possible. Then goes 1.3412. Break of the latter would result in 1.3433. If a strong impulse, we'd see 1.3467. Continuation will give 1.3489.

USD/JPY

Today's support: - 97.80 and 97.43(main). Break would bring 97.18, where correction is possible. Then 96.76, where a correction may also happen. Break of the latter will give 96.42. If a strong impulse, we would see 96.07. Continuation would give 95.86.

Today's resistance: - 98.44, 98.71 and 99.00(main), where a correction may happen. Break would bring 99.36, where also a correction may be. Then 99.70. If a strong impulse, we would see 99.90. Continuation will give 100.07.

DOW JONES INDEX

Today's support: - 8347.50 and 8322.20(main), where a delay and correction may happen. Break of the latter will give 8280.13, where correction also can be. Then follows 8246.30. Be there a strong impulse, we would see 8218.13. Continuation will bring 8194.62.

Today's resistance: - 8460.23(main), where a delay and correction may happen. Break would bring 8480.50, where a correction may happen. Then follows 8507.82, where a delay and correction could also be. Be there a strong impulse, we'd see 8528.90. Continuation would bring 8561.30 and 8606.22.

FXtechtrade
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Disclaimer: 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.




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