Daily FX And Dow Jones Recommended Levels: May 7, 2015

EUR/USD

Today’s support: -1.1306 and 1.1283 (main), where correction is possible. Break would give 1.1258, where correction also may be. Then follows 1.1239. Break of the latter would result in 1.1206. If a strong impulse, we would see 1.1188 and 1.1160.

Today’s resistance: - 1.1385 (main). Break would give 1.1414, where a correction is possible. Then goes 1.1440. Break of the latter would result in 1.1464. If a strong impulse, we’d see 1.1477 and 1.1492.

USD/JPY

Today’s support: - 119.19 (main). Break would bring 118.96, where correction is possible. After that 118.41, where a correction may also happen. Break of the latter will give 118.18. If a strong impulse, we would see 117.96.

Today’s resistance: - 119.76, 120.07, 120.47 and 120.60 (main), where a correction may happen. Break would bring 120.72, where also a correction may be. Then 120.94. If a strong impulse, we would see 121.08. Continuation will give 121.16.

GBP/USD

Today’s support: - 1.5171, 1.5146, 1.5117 and 1.5078 (main), where a delay and correction may happen. After that 1.5053. Break of the latter will give 1.5047, where correction also can be. Then follows 1.5008. Be there a strong impulse, we shall see 1.4987.

Today’s resistance: - 1.5279 and 1.5311 (main), where a delay and correction may happen. Break would bring 1.5323, where a correction may happen. Then follows 1.5340, where a delay and correction could also be. Be there a strong impulse, we’d see 1.5366. Continuation would bring 1.5392.

USD/CHF

Today’s support: - 0.9114 and 0.9090 (main), where a delay and correction may happen. After that 0.9065. Break of the latter will give 0.9036, where correction also can be. Then follows 0.9005. Be there a strong impulse, we shall see 0.8980.

Today’s resistance: - 0.9225, 0.9270 and 0.9293 (main), where a delay and correction may happen. Break would bring 0.9314, where a correction may happen. Then follows 0.9338, where a delay and correction could also be. Be there a strong impulse, we’d see 0.9362. Continuation would bring 0.9383.

AUD/USD

Today’s support: - 0.7948 and 0.7917 (main), where a delay and correction may happen. After that 0.7870. Break of the latter will give 0.7830, where correction also can be. Then follows 0.7812. Be there a strong impulse, we shall see 0.7783.

Today’s resistance: - 0.8020 (main), where a delay and correction could also be. After that 0.8032. Break of the latter will give 0.8055. Be there a strong impulse, we’d see 0.8074. Continuation would bring 0.8100.

DAX INDEX

Today’s support: - 11268.30 and 11250.00 (main), where a delay and correction may happen. After that 11227.43. Break of the latter will give 11208.00, where correction also can be. Then follows 11186.13. If a strong impulse, we shall see 11160.00 .

Today’s resistance: - 11486.27, 11520.00, 11580.50 and 11615.62 (main), where a delay and correction may happen. Break would bring 11643.24, where a correction may happen. Then follows 11671.30, where a delay and correction could also be. Be there a strong impulse, we’d see 11701.13. Continuation would bring 11742.03.

DOW JONES

Today’s support: - 17759.72 and 17735.35 (main), where a delay and correction may happen. After that 17717.70. Break of the latter will give 17693.62, where correction also can be. Then follows 17666.21. Be there a strong impulse, we shall see 17642.56.

Today’s resistance: - 17870.63, 17894.13, 17920.22 and 17968.53 (main), where a delay and correction may happen. Break would bring 17996.37, where a correction may happen. Then follows 18016.27, where a delay and correction could also be. Be there a strong impulse, we’d see 18056.12. Continuation would bring 18086.18.

S&P500

Support: - 2087.10 (main). Break will give 2085.87, where correction could be. Then follows 2079.50, where correction could also be. Be there a strong impulse, we would see 2070.00. Continuation will lead to 2058.76 and 2044.87.

Resistance: - 2086.59 and 2095.47 (main), where a correction may happen. Break would result in 2106.50, where correction may also be. Then 2117.90. Be there a strong impulse, we would see 2120.40. Continuation will lead to 2128.20.

NASDAQ

Support: - 4882.06 (main), where correction is possible.Break will give 4860.03, where correction could be. Then 4831.86. Be there a strong impulse, we would see 4811.30. Continuation will 4781.33.

Resistance : - 4947.24, 4962.20, 4984.60 and 5017.50 (main), where the correction could be. Break will bring 5026.64, where the correction may also happen. Then 5045.63. Be there a strong impulse, we would see 5060.28. Continuation will lead to 5079.38.

GOLD

Support: - 1186.88, 1181.25 and 1174.62 (main). Break of the latter would give 1168.40, where correction may happen. Then 1159.72, where correction may also be. If a strong impulse, we’ll get 1147.30. Continuation would give1131.63.

Resistance: - 1198.14, 1203.32 and 1215.00 (main), where correction is possible. The break will lead to 1221.33, where correction is also possible. Then follows 1226.44. If a strong impulse we would have 1238.50. Continuation would bring 1261.38.

SILVER

Support: - 16.29 and 16.20 (main), where correction is possible. Break of the latter would give 15.98, where correction may happen. Then goes 15.70. If a strong impulse, we would see 15.54. Continuation would give 15.41.

Resistance: - 16.52, 16.65, 16.73 and 16.87 (main), where correction is possible. Break will lead to 16.97, where again may be a correction. Then follows 17.15. If a strong impulse, we would have 17.32. Continuation would bring 17.48 and 17.66.