OctaFX | OctaFX Forex Broker
Open trading account
Back

US stocks end little changed

FXStreet (Córdoba) - US indexes closed barely in the green in another lackluster journey, as focus shifts towards the upcoming week, with the ECB and RBA meetings, and US Nonfarm Payrolls among other first-tier reports.

The Dow Jones Industrial Average was confined to a tight intraday range to finally close 1.27 points, or 0.01%, higher at 17,813.46. The Nasdaq added 13.33 points or 0.26% to 5,116.14 while the S&P closed barely unchanged at 2,088.87.

DJIA technical view

“As for the technical picture, the DJIA daily chart shows that the index closed with a doji for a second day in-a-row, still holding above a horizontal 20 SMA, whilst the technical indicators are aiming slightly higher in neutral territory, lacking enough momentum to confirm an upward move”, said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, the technical picture is mildly bearish, given that the index is now aiming to break below its 20 SMA, whilst the technical indicators turned lower right below their mid-lines. Nevertheless, US markets will be closed on Thursday due to the Thanksgiving holiday, and there's a good chance that volumes will remain low until next week.”

Support levels: 17,751 17,690 17,642. Resistance levels: 17,852 17,930 18,010.

EUR/JPY: 129.80 key breakdown support - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that the EUR/JPY pair fell down to 129.76, its lowest since late April, still led by EUR self weakness.
Read more Previous

USD/JPY: key supports medium term - Commerzbank

Karen Jones, chief analyst at Commerzbank offered a longer term analysis for USD/JPY.
Read more Next
Start livechat