Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Jan 15 10 10:52 GMT |

EUR/USD Current level-1.4396 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. With the recent break below 1.4450 support, there is a chance that a top is in place at 1.4580 and it can be the final of the prolonged consolidation above 1.4216. A clear break below 1.4260 will state, that the focus is set on the 1.3740 support from the daily frame. Intraday bias is negative with a resistance around 1.4450 and target at the 1.4312 dynamic support Resistance Support intraday intraweek intraday intraweek 1.4450 1.4499 1.4312 1.4170 1.4670 1.5146 1.4260 1.3740 USD/JPY Current level - 90.73 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 expected reversal is already a fact at 92.04 high, so the overall bias is negative for 88.90 target area. Intraday crucial level is 91.32. Take a look at the JPY crosses, as they could be more profitable, than the major itself Resistance Support intraday intraweek intraday intraweek 91.30 93.40 90.60 88.90 93.70 95.60 89.45 79.60 GBP/USD Current level- 1.6312 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. Current bias is still positive for 1.6410, but a reversal seems possible around that zone, so keep an eye on 1.6240 support, as a break below will signal, that a top is already in place. Resistance Support intraday intraweek intraday intraweek 1.6410 1.6410 1.6243 1.5706 --- 1.7042 1.6134 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.