Posts Tagged ‘forex technical analysis’
Forex Technical Analysis – Daily 08.31.2010
Tuesday, August 31st, 2010risk consulting services
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EUR/USD
Current level – 1.2657
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday’s break below the crucial 1.2677 set an end to the rebound above 1.2587 and current bias is negative towards 1.2475. Intraday resistance is seen at 1.2680.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2680 | 1.2920 | 1.2616 | 1.2470 |
| 1.2780 | 1.3335 | 1.2587 | 1.2150 |
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Forex Technical Analysis – Daily 08.19.2010
Thursday, August 19th, 2010EUR/USD
Current level – 1.2808
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
We believe, that the consolidation above 1.2731 has been completed with the yesterday’s peak at 1.2923 and the pair is ready for a break below 1.2731, towards 1.2475 support area. Initial intraday resistance comes at 1.2843 and only a rebound above that level will signal, that the consolidation is still on the run.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2843 | 1.3340 | 1.2780 | 1.2720 |
| 1.2923 | 1.3850 | 1.2731 | 1.2470 |
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Forex Technical Analysis – The Daily Wave Analysis
Wednesday, August 18th, 2010Currency pair USD/CHF
Presumably, within the limits of an impulse () of [b] finishes formation a correctional wave iv of (c). If the assumption is true, after its termination, it is possible to expect short-term falling of pair as an impulse or a Diagonal Triangle v of (c).
Forex Technical Analysis – Daily 07.06.2010
Tuesday, July 6th, 2010EUR/USD
Current level – 1.2580
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday’s slide finalized the consolidation pattern below 1.2613 and with the recent low at 1.2479 the uptrend has been renewed, aiming at 1.2790. First intraday resistance is seen at 1.2613 and nearest support is 1.2561.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2613 | 1.2601 | 1.2560 | 1.2150 |
| 1.2790 | 1.31+ | 1.2470 | 1.1876 |
USD/JPY
Current level – 87.87
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
The consolidation pattern above 86.95 requires one more leg upwards before completion, so current intraday bias is to be considered positive for 88.25 and if we see a break above that level, a test of the major resistance area at 89.20 will be quite possible. Crucial on the downside is 87.40.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 88.25 | 91.58 | 87.40 | 84.78 |
| 89.10 | 93.50 | 86.97 | 79.20 |
GBP/USD
Current level – 1.5188
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
Yesterday’s corrective slide bottomed above 1.5063 support and the uptrend has been renewed, targeting 1.5345. Initial intraday resistance comes at 1.5212, so allow brief consolidation in the 1.5155-5212 range before a break beyond 1.5230.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.5212 | 1.5524 | 1.5155 | 1.4643 |
| 1.5345 | 1.5830 | 1.5063 | 1.4240 |
About the Author
DeltaStock Inc. – Online Forex & Securities Broker
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.
Forex Technical Analysis – Daily 06.29.2010
Tuesday, June 29th, 2010EUR/USD
Current level – 1.2228
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Obviously the pair is still in the consolidation pattern below 1.2469 and we believe, that its third, final leg is underway, targeting 1.2150-1.2100 reversal area before advancing towards 1.2601. Initial resistance is seen at 1.2266, followed by the crucial 1.2292.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2266 | 1.2601 | 1.2208 | 1.2150 |
| 1.2398 | 1.31+ | 1.2150 | 1.1876 |
(more…)
Forex Technical Analysis – Daily 06.28.2010
Monday, June 28th, 2010Daily Technical Analysis
EURUSD Outlook
The EURUSD was able to maintain its bullish bias last week. We are now in a critical technical point, where a consistent move above 1.2465 resistance could be seen as bearish failure and a beginning of a medium bullish outlook targeting 1.2645 and 1.3120 region. Immediate support at 1.2240/80 region and the trendline support area, as you can see on my h1 chart below. Break below the trendline support should keep the major bearish scenario intact at least testing 1.2150 area.
Forex Technical Analysis – Today’s Market Outlook 06.25.2010
Friday, June 25th, 2010EURUSD
Reversal off 1.2468, 21 June high, cleared 1.2243/40 levels, and found support at 1.2208 yesterday, ahead of bounce. This so far attempted at 1.2353, though clear break here is required to sustain recovery for retest of 1.2468, otherwise, forming a lower top and fresh weakness would be likely scenario. Break below 1.2208 to expose 1.2162 next.
Res: 1.2353, 1.2398, 1.2415, 1.2468
Sup: 1.2270, 1.2243, 1.2208, 1.2162
Forex Technical Analysis – Daily 06.25.2010
Friday, June 25th, 2010Daily Technical Analysis
EURUSD Outlook
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. On h1 chart below we can see that price still moving inside a minor bullish channel (white channel) indicating upside pressure in nearest term is still potential. Break below the minor bullish channel could trigger further bearish pressure towards 1.2240 support area before testing the major bullish channel (blue channel). On the upside, 1.2450 remains the nearest upside target especially if price able to move consistently above 1.2350 area.
