Forex Technical Analysis
EUR/USD
Current level-1.3435
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.
As expected the pair fullfilled our first target at 1.3625 and after brief consolidation above 1.3550 the downtrend is renewed for 1.3312. On the larger frames current target is set at 1.3278 with a risk limit at 1.4362.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.3503 |
1.4720 |
1.3503 |
1.4720 |
| 1.4362 |
1.50+ |
1.4362 |
1.50+ |
USD/JPY
Current level - 93.68
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.
Obvoiusly the corrective "flat" below 90.97 has ended at 89.76 and uptrend is on the run towards 93.94. We still hold on to our view, that current uptrend from 87.12 is corrective in nature, preceding next slide to 86.31 and 83.01. Intrady bias is positive with crucial level at 93.50
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 93.94 |
93.83 |
93.52 |
87.12 |
| 94.38 |
97.48 |
89.51 |
83.01 |
GBP/USD
Current level- 1.4626
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.
With the break below 1.4477, the general downtrend has been renewed, targeting 1.3768. Current consolidation above 1.4382 is expected to be limited below 1.4821 before next leg downwards, to 1.4103.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.4579 |
1.5722 |
1.4381 |
1.4103 |
| 1.4768 |
1.6301 |
1.4103 |
1.3768 |
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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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