Forex Technical Analysis
EUR/USD
Current level-1.4010
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.
1.4001 support gave way and the pair is in a downtrend towards 1.3830, en route to 1.3746. Resistance comes at 1.4043, followed by the crucial 1.4110.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.4043 |
1.4201 |
1.3977 |
1.3746 |
| 1.4110 |
1.4338 |
1.3830 |
1.35+ |
USD/JPY
Current level - 96.02
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 98.13 and 97.75.
The intraday bias is negative for 94.86, en route to 93.82. Current minor corrective pattern is expected to be limited below 96.27.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 96.27 |
99.74 |
95.70 |
93.58 |
| 97.40 |
101.45 |
94.73 |
91.62 |
GBP/USD
Current level- 1.6402
The pair is in an uptrend, after bottoming at 1.3506. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510.
Current consolidation is expected to be limited below 1.6430, before next leg downwards, to 1.6190 support area
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.6448 |
1.6746 |
1.6323 |
1.5778 |
| 1.6538 |
1.7440 |
1.6190 |
1.5352 |
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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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