Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Nov 18 09 10:06 GMT |

EUR/USD Current level-1.4901 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 1.4793 and 1.3523. Yesterday's slide bottomed at 1.4809 and current bias is positive for 1.4987 dynamic resistance. A break above 1.5015 will confirm, that the prolonged consolidation below 1.5050 is already over and the focus will be set on 1.5130 and 1.5280. Intraday crucial level is 1.4869. Resistance Support intraday intraweek intraday intraweek 1.4987 1.5290 1.4869 1.4623 1.5060 1.6040 1.4793 1.4444 USD/JPY Current level - 89.12 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. With yesterday's high at 89.56, the bias has turned into negative again and is currently focusing on 88.73, en route to 88.21. Intraday resistance comes at 89.21. Resistance Support intraday intraweek intraday intraweek 89.21 92.40 88.73 88.01 90.75 97.79 88.21 83.53 GBP/USD Current level- 1.6801 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. A minor top is set at 1.6877 and current corrective slide is testing 1.6752 support before next leg upwards, to 1.6957. The GBP is well supported at 0.8913 in EUR/GBP. Resistance Support intraday intraweek intraday intraweek 1.6877 1.7042 1.6752 1.6515 1.6932 1.7442 1.6702 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.