Forex Technical Analysis
EUR/USD
Current level-1.3724
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
As expected, the pair broke through 1.3680 and is currently testing 1.3736 high. Further appreciation is to be expected, towards 1.3850 main target. Initial support comes at 1.3705, followed by the crucial 1.3624
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.3736 |
1.3850 |
1.3705 |
1.3440 |
| 1.3850 |
1.4580 |
1.3624 |
1.2880 |
USD/JPY
Current level - 90.43
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
Current bias is neutral, but the support around 90.18 is expected to hold and to provide a reliable base for the next upmove towards 91.50 dynamic resistance.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 90.80 |
93.40 |
90.18 |
87.36 |
| 91.50 |
95.60 |
89.50 |
79.60 |
GBP/USD
Current level- 1.5115
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
With yesterday's break above 1.5020 the road was cleared for a test of the 1.5120 resistance. Later today expect a break beyond to target 1.5260-5352 area. Initial support comes at 1.5070, followed by the crucial 1.5025.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.5120 |
1.5352 |
1.5070 |
1.4460 |
| 1.5260 |
1.5833 |
1.5025 |
1.3506 |
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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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