Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Sep 14 09 09:33 GMT |

EUR/USD Current level-1.4564 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. As expected, the pair broke below 1.4570 critical level, signalizing that a top is in place and a larger corrective phase is on the run, towards 1.4470-44 support area. Intraday bias is negative, while the pair holds below 1.4569 resistance. Crucial on the upside is 1.4606. Resistance Support intraday intraweek intraday intraweek 1.4569 1.4720 1.4512 1.4006 1.4606 1.50+ 1.4470 1.3746 USD/JPY Current level - 90.70 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. Our target at 90.35 was fulfilled and the pair is in a corrective rebound for 92.03. Intraday crucial level is 90.19. Resistance Support intraday intraweek intraday intraweek 91.23 95.50 90.19 90.35 92.03 101.45 89.62 87.12 GBP/USD Current level- 1.6572 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. Recent high at 1.6741 was confirmed to be the end of the rise from 1.6111, so currently a larger consolidation with a negative bias is underway, targeting 1.6430. Intraday resistance comes at 1.6602, followed by the crucial 1.6625. Resistance Support intraday intraweek intraday intraweek 1.6603 1.7042 1.6515 1.6111 1.6860 1.7440 1.6430 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.