Forex Technical Analysis
EUR/USD
Current level-1.4234
EUR/USD is in an uptrend, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
The pair reached our target at 1.3880 and after dipping to 1.3821 reversed, climbing steadily above 1.3930. The uptrend from 1.3821 is intact, aiming at our target at 1.4345. Intraday support comes at 1.4182, followed by 1.4128.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.4298 |
1.4720 |
1.4181 |
1.3821 |
| 1.4345 |
1.50+ |
1.4012
|
1.3280 |
USD/JPY
Current level - 90.38
The pair has finalized its consolidation above 90.95 at 97.48 and the general downtrend has been renewed, targeting 79.86. Trading is situated below the 50- and 200-day SMA, currently projected at 107.61 and 105.76.
Our target at 91.02 was practically reached with last week's high at 90.97 and currently the pair is in a downtrend towards 89.51 and 88.43. Crucial is 90.98.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 90.98 |
92.60 |
90.12 |
87.12 |
| 91.98 |
97.48 |
89.51 |
83.01 |
GBP/USD
Current level- 1.4721
The pair has finalized the downtrend from 2.0153 at 1.4477 and is currently in a broad consolidation towards 1.6676. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
Last week's sell-off reached 1.4572 and there are signs of bottoming, that will be confirmed with a break above 1.4801. We will expect a break above 1.4801 to confirm, that a bottom is already in place and the pair is on its way upwards, to 1.5722, en route to 1.6301.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.4801 |
1.5722 |
1.4654 |
1.4477 |
| 1.5260 |
1.6301 |
1.4572 |
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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