Currency Crosses Pairs Analysis – Daily 04.28.2010
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EUR/GBP
Current level – 0.8659
Longer term biasis neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution.
Intraday: Capped by short term bearish trendline. Needs a brake above 0.8680 to consider a bullish continuation up to 0.8750 resistance. Favour the downside.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 0.8700 | 0.9150 | 0.8630 | 0.8800 |
| 0.8750 | 0.9200 | 0.8600 | 0.8700 |
USD/CAD
Current level – 1.0160
Long term bias for the USD/CAD bearish, the weekly close below 1,0250 signals further declines. Forming a base around parity.
Intraday: short covering rally to test the topside of the bear channel at 1,0180. Needs a brake above it to challenge this months highs at 1,0220
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0180 | 1.0320 | 1.0150 | 1.0000 |
| 1.0220 | 1.0400 | 1.0100 | 0.9900 |
GBP/JPY
Current level – 141.93
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: shor term bullish trendline broken yesterday and below 144.00 the bias remains bearish. Key trendline and MA support at 140.90.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 142.80 | 144.90 | 141.50 | 132.00 |
| 143.00 | 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.
