Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Jan 12 10 11:09 GMT |

EUR/USD Current level-1.4486 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 bias remains positive for 1.4630-70 and initial support comes at 1.4450. A break above 1.4541 will renew the uptrend towards 1.4670. Crucial on the downside remains 1.4260. Resistance Support intraday intraweek intraday intraweek 1.4580 1.4499 1.4460 1.4170 1.4670 1.5146 1.4260 1.3740 USD/JPY Current level - 91.77 The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54. The reversal around 93.40 is already a fact and current intraday bias is negative, so we'll expect further depreciation towards 91.15-24 support area. Intraday resistance comes at 92.80 Resistance Support intraday intraweek intraday intraweek 93.40 93.40 92.10 86.01 93.70 95.60 91.25 79.60 GBP/USD Current level- 1.6090 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. A minor consolidation is unfolding below yesterday's top at 1.6192 and we expect the pair to be well supported at 1.6050-70 for the next leg upwards, to 1.6240, en route to 1.6410. Resistance Support intraday intraweek intraday intraweek 1.6240 1.6410 1.6070 1.5706 1.6410 1.7042 1.5896 1.5352 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.