Posts Tagged ‘Major Currencies’
Major Currencies Analysis – Daily 06.25.2010
Friday, June 25th, 2010EUR/USD
Current level – 1.2341
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.
The pair couldn’t break below 1.2260 support and advanced above 1.2350 resistance, peaking at 1.2389. Current bias is positive for 1.2409, but we feel, that the consolidation below 1.2469 is not over yet, so later today expect one more leg downwards, to 1.2150 support area.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2389 | 1.2601 | 1.2297 | 1.1876 |
| 1.2469 | 1.31+ | 1.2150 | 1.1640 |
Major Currencies Analysis – Daily 06.18.2010
Friday, June 18th, 2010EUR/USD
Current level – 1.2399
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.
The overall bias remains positive for 1.2601 target area with a crucial level at 1.2242. Intraday support comes at 1.2340 and further appreciation is to be expected, towards the mentioned target zone.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2413 | 1.2601 | 1.2340 | 1.1876 |
| 1.2450 | 1.31+ | 1.2242 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.17.2010
Thursday, June 17th, 2010EUR/USD
Current level – 1.2276
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 test of the 1.2350 high failed and the pair is still in the corrective pattern, preceding next leg upwards to 1.2601. Today’s low at 1.2240 should provide reliable support for a rise towards 1.2450.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2350 | 1.2601 | 1.2240 | 1.1876 |
| 1.2450 | 1.31+ | 1.2168 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.16.2010
Wednesday, June 16th, 2010EUR/USD
Current level – 1.2289
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.
The uptrend from 1.1880 is still intact, targeting 1.2450 and 1.2601. Initial support is seen at the dynamic projection 1.2249, followed by the crucial 1.2168.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2350 | 1.2601 | 1.2250 | 1.1876 |
| 1.2450 | 1.31+ | 1.2168 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 06.15.2010
Tuesday, June 15th, 2010EUR/USD
Current level – 1.2175
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 rise peaked at 1.2300 and current slide is corrective in nature, preceding next leg upwards, towards 1.2601. Reliable support is projected at 1.2150 and ‘trigger’ on the upside is 1.2230.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2199 | 1.2330 | 1.2150 | 1.1876 |
| 1.2230 | 1.2600 | 1.2040 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.28.2010
Friday, May 28th, 2010EUR/USD
Current level – 1.2350
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.
A minor consolidation unfolds below yesterday’s high at 1.2393 and it precedes further appreciation towards 1.2440, en route to 1.2603. Crucial on the downside is 1.2202.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2202 | 1.20+ |
| 1.2603 | 1.3097 | 1.2140 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.27.2010
Thursday, May 27th, 2010EUR/USD
Current level – 1.2282
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.
Although we witnessed a new low at 1.2153, the overall bias is positive for 1.2440 and 1.2603. Initial intraday support comes at 1.2237 and first target is 1.2440.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2237 | 1.20+ |
| 1.2603 | 1.3097 | 1.2140 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.26.2010
Wednesday, May 26th, 2010EUR/USD
Current level – 1.2318
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 1.420
Yesterday’s low at 1.2176 was the final of the downtrend since 1.2600 and current bias is positive for 1.2440, en route to 1.2603. Intraday support comes at 1.2260, followed by the crucial 1.2174.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2800 | 1.2260 | 1.20+ |
| 1.2603 | 1.3097 | 1.2174 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.25.2010
Tuesday, May 25th, 2010EUR/USD
Current level – 1.2240
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 still favor one more leg upwards to 1.2806 while 1.2140 bottom is intact, as the consolidation above that low has not yet met its time requirements. Our confidence however is low, because the intraday bias is absolutely negative with nearest resistance around 1.2368, followed by the crucial 1.2330.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2268 | 1.2600 | 1.2140 | 1.20+ |
| 1.2330 | 1.3097 | 1.2140 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.24.2010
Monday, May 24th, 2010EUR/USD
Current level – 1.2504
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
A minor consolidation pattern unfolds below 1.2671 high and we expect it to be limited above 1.2440 resistance, for the next leg upwards, to 1.2806. Intraday bias is slightly negative below 1.2530, targeting 1.2440 major support.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2530 | 1.2600 | 1.2440 | 1.20+ |
| 1.2671 | 1.3097 | 1.2290 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.19.2010
Wednesday, May 19th, 2010EUR/USD
Current level – 1.2198
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.
As expected, all the tests in the 1.2440 area failed and the pair suffered a severe sell-off to 1.2143. Although we do think, that the slide from 1.2440 is the last leg of the downtrend from 1.3097, the bias on the lower frames is still negative and favors continuation towards 1.2050-70 reversal area. Current rebound above 1.2143 is expected to be limited below 1.2270-80 before next leg downwards, to 1.20+ sentiment zone.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2270 | 1.2440 | 1.2143 | 1.20+ |
| 1.2315 | 1.3097 | 1.2050 | 1.1640 |
(more…)
Major Currencies Analysis – Daily 05.18.2010
Tuesday, May 18th, 2010EUR/USD
Current level – 1.2416
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.
Current rebound is only a minor corrective phase and it aims to correct the slide from 1.2686. While 1.2440 is intact we will continue to favor the downside for one last spike-low that should complete the whole downtrend since 1.3690 high. Confirmative on the downside is 1.2315 and an eventual break above 1.2440 will set the focus on 1.2520 and 1.2601.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2440 | 1.2601 | 1.2315 | 1.20+ |
| 1.2520 | 1.3097 | 1.2235 | 1.1640 |
USD/JPY
Current level – 92.76
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated above the 50- and 200-day SMA, currently projected at 92.15 and 91.32.
The intraday bias is positive with nearest support at 92.63 and risk limit below 92.32. A reversal around 93.10 should be expected, for one more leg downwards, to 90.90.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 93.50 | 95.50 | 92.63 | 88.01 |
| 94.90 | 97.79 | 91.80 | 83.45 |
GBP/USD
Current level – 1.4496
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.5190 and 1.5986.
Still in the consolidation pattern above 1.4249 and since the upper boundary at 1.45+ is intact we still favor a slide towards 1.43+.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4500 | 1.5050 | 1.4405 | 1.4135 |
| 1.4750 | 1.5393 | 1.4249 | 1.35+ |
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.
Major Currencies Analysis – Daily 05.14.2010
Friday, May 14th, 2010EUR/USD
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.
The break below 1.2605 confirmed, that the downtrend from 1.3097 is intact and current bias remains negative for 1.2450 and 1.2330 major low. Initial resistance comes at 1.2599 and crucial is 1.2684.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2599 | 1.3115 | 1.2450 | 1.2330 |
| 1.2685 | 1.3690 | 1.2330 | 1.20+ |
(more…)
Major Currencies Analysis – Daily 05.13.2010
Thursday, May 13th, 2010EUR/USD
Current level – 1.2663
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 test of 1.2750 resistance failed and the pair is in a 150 pips range above 1.2605. We continue to favor the upside, towards 1.2881 and 1.31+ with a risk limit below 1.2605. An eventual break below 1.2605 will set the focus back on 1.2520 low.
Profit-taking affects gold curbing silver and platinum
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2750 | 1.3115 | 1.2605 | 1.2450 |
| 1.2881 | 1.3690 | 1.2520 | 1.20+ |
(more…)
Major Currencies Anaysis – Daily 05.12.2010
Wednesday, May 12th, 2010EUR/USD
Current level – 1.2660
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.
The slide from 1.3094 filled our target at 1.2610 and although there are no clear signs of a reversal yet, we continue to expect an upswing for 1.2881, en route to 1.31+. Initial intraday resistance comes at 1.2674 and the “trigger” on the upside is already 1.2750. Crucial on the downside is 1.2605.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2675 | 1.3115 | 1.2605 | 1.2450 |
| 1.2750 | 1.3690 | 1.2520 | 1.20+ |
