Forex Technical Analysis
EUR/USD
Current level-1.3406
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.
Suffering a vast volatility, the pair has dipped to 1.3261, rebounding all the way up to 1.3768. The second part of the corrective phase above 1.3261 has ended at the recent bottom at 1.3345, and currently the pair is heading towards 1.3786 again to finalize the whole consolidation
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.3467 |
1.3786 |
1.3345 |
1.3261 |
| 1.3515 |
1.4865 |
1.3301
|
1.2998 |
USD/JPY
Current level - 100.14
The pair is in the second part of the broad consolidation since 95.75 short-term bottom, aiming at 95.75. 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. The pair has dipped to 99.28 in a wave, that we believe is the second part of the consolidation above 97.83, so one more upswing towards 103.55 is needed, before drowning to 95.75
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 100.69 |
103.55 |
99.65 |
97.83 |
| 101.53 |
109.10 |
99.28 |
90-sentiment |
GBP/USD
Current level- 1.7235
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.
As expected the pair reached a local top below the resistance at 1.7673, finalizing the corrective rebound from 1.6799. We think, that a new downtrend is already on the run, towards 1.6799 and 1.6563. Crucial is 1.7579 and from an intraday point of view, the piar is likely to test 1.7382 resistance before breaking below 1.7131.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.7383 |
1.7735 |
1.7130 |
1.6799 |
| 1.7673 |
1.80+ |
1.70+ |
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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