Forex Technical Analysis

Daily Forex Technicals | Written by DeltaStock Inc. | Jan 26 10 09:37 GMT |

EUR/USD Current level-1.4086 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. The consolidation above 1.4031 was completed at 1.4195 high and the pair is ready to renew its downtrend towards 1.3924. The intraday bias is negative with resistance around 1.4127 and risk limit above 1.4180. Resistance Support intraday intraweek intraday intraweek 1.4127 1.4260 1.4030 1.40+ 1.4180 1.5146 1.3924 1.3740 USD/JPY Current level - 90.07 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. Obviously the resistance around 90.80 is intact and yesterday's high at 90.58 was the final of the consolidation above 89.77, so further depreciation is to be expected, towards 88.53 Resistance Support intraday intraweek intraday intraweek 90.80 93.40 89.77 88.90 92.04 95.60 88.52 79.60 GBP/USD Current level- 1.6228 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. Yesterday's break above 1.6170 has neutralized the bearish momentum and although the crucial 1.6283 is still intact, we are rather neutral on that pair. Important on the downside is 1.6077. Resistance Support intraday intraweek intraday intraweek 1.6283 1.6410 1.6170 1.5833 1.6410 1.7042 1.6077 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.