Forex Technical Analysis
EUR/USD
Current level-1.3577
EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4595 and 1.5183.
Our initial target at 1.3786 was almost hit, but from yesterday's high at 1.3768 the pair is in a minor downtrend, aiming at 1.3461-75 before next leg upwards, to 1.3904. Confirmation will come with a break above 1.3689.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.3670 |
1.3906 |
1.3602 |
1.3261 |
| 1.3786 |
1.4865 |
1.3472
|
1.2998 |
USD/JPY
Current level - 101.35
The pair is in the second part of the broad consolidation since 95.75 short-term bottom, aiming at 97.63. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
Last week's low at 97.83 was confirmed to be the final of the slide from 107.01, so we will expect further upward activity, towards 103.55 resistance zone. More closely speaking, current consolidation below 103.08 can challenge 101.12 before one more upswing for a test of the 103.55 resistance.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 102.67 |
103.55 |
100.93 |
97.83 |
| 103.08 |
109.10 |
100.12 |
90-sentiment |
GBP/USD
Current level- 1.7425
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels below 1.70+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.8391 and 1.9421.
With yesterday's high at 1.7630, the pair has set a final of the rise from 1.6918, but there are no clear signs, that the whole corrective pattern since 1.6799 has already ended, so there is a chance for one more upswing to the 1.7813 zone
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.7561 |
1.7735 |
1.7256 |
1.6799 |
| 1.7683 |
1.80+ |
1.7167 |
1.6563 |
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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.
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