Forex Technical Analysis
EUR/USD
Current level-1.2909
Current level-1.2942
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 1.3292 and 1.4866.
The consolidation from the recent peak at 1.3081 is in its second part, aiming at 1.2996, before reversal and slide towards 1.2752, that should complete the whole structure and prepare the stage for next bounce upwards, to 1.3281. Intraday bias is positive, targeting 1.2996 and crucial is 1.2861, as a break below that level will aim directly at 1.2752
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.2997 |
1.3115 |
1.2861 |
1.2690 |
| 1.3081 |
1.3281 |
1.2752
|
1.2331 |
USD/JPY
Current level - 95.26
The pair is in the second part of the broad consolidation since 90.95 short-term bottom, aiming at 103.52. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
As expected, last week's dip was limited to 93.53 and we think, that the pair reversed at that level, setting the beginning of an uptrend towards 100.53. Intraday bias is neutral and in our opinion, current corrective phase precedes a quick slide to 94.46 before reversing upwards, for 97.48.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 96.56 |
99.86 |
94.86 |
93.35 |
| 97.48 |
103.52 |
94.46 |
86.01 |
GBP/USD
Current level- 1.5412
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels around 1.45+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.8391 and 1.9421.
With the break above the crucial resistance at 1.5270, the pair confirmed it is in an uptrend towards 1.5889, en route to 1.6301. Intraday bias is slightly positive, aiming at 1.5491 before reversal for 1.5251, that should set an end of the whole corrective range below 1.5531.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.5431 |
1.5889 |
1.5270 |
1.4710 |
| 1.5562 |
1.6490 |
--- |
1.4168 |
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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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