Stocks Daily Forecast Oct 17 2017

Stock-9857023

U.S Dollar Index: Recovers, Eyes The 94.00 Levels!

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 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.

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.

blankDow Jones Index: Bullish Eyes The 23000 Levels.

As long as 22877 support holds on a 4- hour closing basis, the Dow Jones Index remains on the upside to the 23000 levels ahead of the 23080/23160 levels, below 22877 see a pullback threats to the 22820/22766 levels before the next rising.

blankS&P500 Index Consolidates With Upside Bais!

As long as 2552 support holds on a 4-hour closing basis, the S&P 500 index remains on the upside to the 2564 levels ahead of 2570/2577 levels, below 2552 sees a pullback risk to the 2540/2531 levels before the next rising.

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Nikkei 225: Bullish But Hesitates Ahead Of Key Resistance!

As long as 21223 support holds on a 4-hour closing basis, Japanese Nikkei remains to the upside to the 21520 levels ahead of the 21680/21860 levels, below 21223 sees a pullback threats to the 21000 levels before the next rising…

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