Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Sep 10 09 09:50 GMT |

EUR/USD Current level-1.4542 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523. The pair is in a brief consolidation below 1.4601. The overall bias remains positive for 1.4653 with a risk limit below 1.4470. Resistance Support intraday intraweek intraday intraweek 1.4601 1.4720 1.4530 1.4006 1.4653 1.50+ 1.4470 1.3746 USD/JPY Current level - 92.10 A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84. Yesterday's corrective phase peaked at 92.60 and the pair broke below 92.04, reaching temporary low at 91.61. Current rebound is corrective in nature, preceding next slide towards 90.35. Crucial on the upside is 92.60 Resistance Support intraday intraweek intraday intraweek 92.60 95.50 91.60 90.35 93.40 101.45 90.35 87.12 GBP/USD Current level- 1.6523 The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258. Still in the corrective pattern below 1.6589 and we think, that the support area around 1.6440 will initiate a rise towards 1.6752 major target. Crucial remains 1.6325. Resistance Support intraday intraweek intraday intraweek 1.6562 1.6663 1.6444 1.6111 1.6663 1.7440 1.6326 1.5350 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.