Forex Technical Analysis
EUR/USD
Current level-1.2778
EUR/USD is in a 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.
Yesterday's downtrend reached new low at 1.2549, that we believe to be the final of the whole slide from 1.3081, so now an uptrend is on the run, targeting 1.2957 and 1.3281. Intraday allow a brief dip to 1.2706 before continuation of the general uptrend.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.2997 |
1.3115 |
1.2573 |
1.2421 |
| 1.3081 |
1.3281 |
1.2463
|
1.20+ |
USD/JPY
Current level - 92.06
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.
Our reversal target at 92.06 was met yesterday, but there are still no clear signs of changing the direction, so the downtrend from 97.49 is intact and only a break above 92.59 will confirm a final of current decline.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 93.40 |
97.48 |
92.91 |
93.35 |
| 94.83 |
100.53 |
92.06 |
86.01 |
GBP/USD
Current level- 1.4705
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels around 1.37+. Trading is situated below the 50- and 200-day SMA, currently projected at 1.8391 and 1.9421.
With yesterday's low at 1.4477 was finalized the downtrend from 1.5424, so now a consolidation phase unfolds, aiming at 1.4997. Intraday expect a dip to 1.4583 before next leg upwards, to 1.4901.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.4963 |
1.5531 |
1.4512 |
1.4302 |
| 1.5070 |
1.6490 |
1.4356 |
1.4103 |
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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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