Forex Technical Analysis

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

EUR/USD Current level-1.4386 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 rebound from 1.4335 is corrective in nature and while the pair stays below 1.4450 resistance, the bias will continue to be negative for a break below 1.4260, en route to 1.3740 support on the daily frame 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 - 90.86 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 negative bias is intact and with a crucial level at 92..04 the pair is ready for the next leg downwards, to 88.90. The intraday outlook is neutral in the 90.60-91.30 range. 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- 1.6325 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. Although we saw a spike low to 1.6213, the support area around 1.6240 is still intact and the bias remains positive for 1.6410 reversal area. Crucial on the downside is 1.6270. Resistance Support intraday intraweek intraday intraweek 1.6410 1.6410 1.6270 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.