Forex Technical Analysis
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EUR/USD
Current level-1.3999
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.
The intraday bias is bullish for 1.4050 resistance, with nearest support around 1.3970. An eventual break above 1.4050 will state, that an important bottom has been set at 1.3850 and will target 1.4216 resistance area.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4050 | 1.4260 | 1.3970 | 1.3740 |
| 1.4216 | 1.5146 | 1.3850 | 1.30+ |
USD/JPY
Current level – 90.26
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.
The resistance around 90.90 is still intact and we expect a break below 89.76 to target directly 88.35.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 90.90 | 93.40 | 90.45 | 87.36 |
| 91.90 | 95.60 | 89.78 | 79.60 |
GBP/USD
Current level- 1.6054
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.
The resistance at 1.6070 is about to be tested and a reversal below that area is likely to target 1.5996 intraday support. An eventual break above 1.6070 will confirm, that a major bottom is in place, being a final of the whole slide from 1.6459.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.6070 | 1.6459 | 1.5880 | 1.5833 |
| 1.6280 | 1.7042 | 1.5833 | 1.5352 |
DeltaStock Inc. – Online Forex & Securities Broker
www.deltastock.com
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.
