Stocks Daily Forecast Oct 19 2017

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U.S Dollar Index: Recovers With Caution!

As long as 92.67/93.00 support holds on a daily closing basis, the US dollar index remains in a recovery mode and further upside could be seen to the 93.56/94.05 levels, a halt is likely but a break will restore the upside momentum and pave the way to the 95.00 levels ahead of the 95.57 levels ahead of the 62.21 levels.

On the downside, below 92.67 will eliminate recent recovery and turn the focus again to the downside to the 92.45 levels, buyers may return here, however; a clear break below that level will pave the way to the 91.95 levels ahead of 91.58/91.18 levels.

Conclusion: The USDINDEX continues to face recovery threats above 92.67 levels.

Dow Jones Index: Bullish Eyes Further Upside Despite Hesitation!

As long as 22940 support holds on a daily closing basis, the Dow Jones index remains on the upside to the 231175 levels ahead of the 23345/23500 levels, below 22940 sees a pullback risk to the 22785/22575 levels before the next rising.

S&P500 Index Consolidates With Upside Bais!

As long as 2555/2540 support holds on a daily closing basis, the SP500 index remains on the upside to the 2575 levels ahead of the 2595/2610 levels. Below 2540 sees a pullback risk to the 2520/2500 levels before the next rising.


Nikkei 225: Bullish But Hesitates Ahead Of Key Resistance!

As long as 21223 support holds on a daily closing basis, the Japanese Nikkei remains on the upside to the 21640 levels ahead of the 21850 levels, below 21223 sees a pullback risk to the 21000 levels before the next rising, below 21000 will extend the pullback to 20835 levels.

 

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