Stocks Weekly Forecast Apr 11 2016

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USDINDEX: As long as 96.36 resistance holds on a weekly closing basis, the US dollar index remains on the downside towards the 93.12 levels, a halt is likely but a cut would open 91.59 levels ahead of 90.03 levels, above 96.36 faces a recovery risk below 98.45 levels. (Minor resistance comes at the 95.01, above 95.01 will open 96.36 before the next fall)..

Stocks Weekly Forecast Apr 11 2016-USDINDEXDow Jones: As long as 17488 support -broken resistance- holds on a weekly closing basis, the Dow Jones index remains on the upside towards the 17840/18157 levels, below 17488 faces a pullback risk towards 17111 levels, further down, support comes at the 16452 levels…(Note:  a clear break below the 17488 levels will put the pair under heavy pressure if seen, it may expose the 17111 levels and open the 16452 levels)…

Stocks Weekly Forecast Apr 11 2016-US30S&P 500: As long as 2050 support -broken resistance- holds on a weekly closing basis, the S&P 500 index remains on the upside towards the 2079/2106 levels, below 2050 sees a large bearish implication towards the 2005 levels even lower towards the 1917 levels…

Stocks Weekly Forecast Apr 11 2016-SP500Nikkei 225: As long as 15810 support holds on a weekly closing basis, the Nikkei 225 index remains in a recovery mode, but upside move above 15810 should be limited by 17905 where fall resumption is likely, a clear break below 15810 will restore the downside momentum and open the 14855/14515 levels…

Stocks Weekly Forecast Apr 11 2016-JPN225

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