Currency Crosses Pairs Analysis – Daily 04.13.2010
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EUR/GBP
Current level – 0.8857
Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.
Intraday: heading the 38,2% at 0,8860, key level comes in at the short term bearish trendline and 50% resistance in 0,8900.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 0.8860 | 0.9150 | 0.8800 | 0.8800 |
| 0.8900 | 0.9200 | 0.8750 | 0.8700 |
USD/CAD
Current level – 1.0037
Long term bias for the USD/CAD bearish, the weekly close below 1,0250 signals further declines. Forming a base around parity.
Intraday: intraday symmetrical triangle formation needs resolution. Bound to hold the range between 0,9970 and 1,0100. Watch for a breakout eitherway.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0100 | 1.0320 | 1.0000 | 1.0000 |
| 1.0150 | 1.0400 | 0.9970 | 0.9900 |
GBP/JPY
Current level – 143.00
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: slide towards minor bullish trendline and the bounce off this morning could signal a continuation to challenge 144,00 area.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 144.00 | 144.90 | 142.00 | 132.00 |
| 144.90 | 146.00 | 141.00 | 131.00 |
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.
