Posts Tagged ‘Technical Indicator’
Forex Technical Analysis
Thursday, February 4th, 2010EUR/USD
Current level-1.3851
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 pair reversed at 1.4029 and current bias is negative for 1.3740 main target. Crucial is 1.3895.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3895 | 1.4260 | 1.3895 | 1.4260 |
| 1.4027 | 1.5146 | 1.4027 | 1.5146 |
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Forex Technical Analysis
Tuesday, January 19th, 2010EUR/USD
Current level-1.4397
EUR/USD is in a downtrend, after peaking at1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
Current rebound from 1.4335 is corrective in nature and while the pair stays below 1.4450 resistance, the bias will continue to be negative for a break below 1.4260, en route to 1.3740 support on the daily frame
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4450 | 1.4499 | 1.4312 | 1.4170 |
| 1.4670 | 1.5146 | 1.4260 | 1.3740 |
