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Currency Crosses Pairs Analysis |
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Technical Archives |
Written by DeltaStock Inc. |
Sep 08 10 08:42 GMT
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Currency Crosses Pairs Analysis
EUR/GBP
Current level - 0.8218
Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.
Intraday: reversing from the 100MA around 0.84 handle,we didnt get support in the bearish trendline in form of a pullback and we are getting the expected downtrend continuation move for a retest of 0.82s
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 0.8233 |
0.8300 |
0.8200 |
0.8100 |
| 0.8300 |
0.8410 |
0.8140 |
0.8000 |
Profit-taking affects gold curbing silver and platinum
USD/CAD
Current level - 1.0459
Long term bias for the USD/CAD remains neutral, a solid base is now formed a around parity level.
Intraday: strong resistance between 1.0480 and 1.0510. BoC Interest Rate will determine todays move. Whilst below this resistance area mainting our bearish view, on the upside we're switching to bullish on a break above 1.0520s.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.0490 |
1.0690 |
1.0450 |
1.0000 |
| 1.0510 |
1.0750 |
1.0400 |
0.9900 |
GBP/JPY
Current level - 128.97
Long term bias remains bearish and breaking through the previous year lows keeps the bears in control of the pair.
Intraday: the break below support level in 128.60 triggered stop loss orders pushing price to 128 handle without getting the follow through expected. This rebound should find resistance exactly at minor trendline resistance in 130.00 area
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 130.00 |
134.40 |
128.00 |
131.00 |
| 130.50 |
137.80 |
127.60 |
130.00 |
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About the AuthorDeltaStock Inc. - Online Forex & Securities Broker
RISK DISCLAIMER: These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice. |
