Daily Forex And Dow Jones Recommended Levels: August 4, 2014

EUR/USD
Today’s support: - 1.3394 and 1.3365(main),where correction is possible. Break would give 1.3343, where correction also may be. Then follows 1.3320. Break of the latter would result in 1.3298. If a strong impulse, we would see 1.3285 and 1.3264.

Today’s resistance: - 1.3455(main). Break would give 1.3466, where a correction is possible. Then goes 1.3477. Break of the latter would result in 1.3489. If a strong impulse, we’d see 1.3511.

USD/JPY
Today’s support: - 102.37, 101.98, 101.77 and 101.64(main).Break would bring 101.42, where correction is possible. Then 101.33, where a correction may also happen. Break of the latter will give 101.19. If a strong impulse, we would see 101.03.

Today’s resistance: - 102.78, 103.05, 103.16 and 103.28(main),where a correction may happen. Break would bring 103.48, where also a correction may be. Then 103.61. If a strong impulse, we would see 103.78. Continuation will give 103.93.

Dow
Today’s support: - 16433.38, 16515.00 and16503.57(main),where a delay and correction may happen. After that 16481.20. Break of the latter will give 16453.13, where correction also can be. Then follows 16427.82. Be there a strong impulse, we shall see 16402.50. Continuation will bring 16383.50.

Today’s resistance: -16576.88(main),where a delay and correction may happen. Break would bring 16608.45, where a correction may happen. Then follows 16625.30, where a delay and correction could also be. Be there a strong impulse, we’d see 16653.12. Continuation would bring 16672.47 and 16785.17

S&P 500
Support: - 1921.85 and 1912.44(main). Break will give 1896.30, where correction could be. Then follows 1878.75, where correction could also be. Be there a strong impulse, we would see 1866.50. Continuation will lead to 1847.00.

Resistance: - 1946.30, 1968.70, 1984.48 and 1996.88(main), where a correction may happen. Break would result in 2005.50, where correction may also be. Then 2013.51. Be there a strong impulse, we would see 2024.77. Continuation will lead to 2046.32.

NASDAQ Composite
Support: - 4320.00 and 4297.70(main), where correction is possible. Break will give 4276.08, where correction could be. Then 4263.70. Be there a strong impulse, we would see 4251.44. Continuation will lead to 4232.00.

Resistance : - 4377.25 and 4410.16(main), where the correction could be. Break will bring 4432.52, where the correction may also happen. Then 4452.27. Be there a strong impulse, we would see 4466.38. Continuation will lead to 4477.50.

Gold
Support: - 1282.50(main).Break of the latter would give 1273.20, where correction may happen. Then goes1261.03, where correction is also possible. If a strong impuls, we would see1236.84. Continuation would give 1216.00.

Resistance: - 1301.77 and 1310.60(main),where correction is possible. The break will lead to1316.20correction is also possible. Then follows1322.07. If a strong impulse we would have 1327.50. Continuation would bring 1338.70.

Silver
Support: - 20.10(main),where correction is possible. Break of the latter would give 20.03, where correction may happen. Then goes 19.80. If a strong impulse, we would see 19.58. Continuation would give 19.46.

Resistance: - 20.52, 20.70, 20.92 and 21.16(main), where correction is possible. Break will lead to 21.26, where again may be a correction. Then follows 21.48. If a strong impulse, we would have 21.63. Continuation would bring 21.88