Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Nov 13 09 11:12 GMT |

EUR/USD Current level-1.4879 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. Yesterday's slide filled our targets at 1.4915 and 1.4836 and bottomed at 1.4821. Although the intraday bias is positive for 1.4915 and 1.4952 it is too early to state, that 1.4821 is a significant bottom and there is still a chance for one more drowning to 1.4763 support area. We continue to think, that only a temporary top is at place at 1.5063 and the overall uptrend is still intact Resistance Support intraday intraweek intraday intraweek 1.4952 1.5290 1.4852 1.4623 1.5124 1.6040 1.4767 1.4444 USD/JPY Current level - 89.82 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 rise peaked at 90.61 and current bias is negative for 89.61 support. A break below 89.31 low will prove our idea for 91.58 wrong. Resistance Support intraday intraweek intraday intraweek 90.31 92.40 89.63 89.17 90.75 97.79 88.83 83.53 GBP/USD Current level- 1.6660 The pair is in a downtrend after peaking at 1.7042. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258. The recent test of 1.6515 support failed and the pair is in an uptrend for 1.6742 dynamic resistance, en route to 1.6840 high. Intraday support comes at 1.6610-23. Resistance Support intraday intraweek intraday intraweek 1.6742 1.7042 1.6610 1.6250 1.6840 1.7442 1.6515 1.5706 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.