Deltastock Daily FX Analysis

This is a discussion on Deltastock Daily FX Analysis within the Daily Analysis forums, part of the Commercial category; September 9, 2009 Current level - 92.54 As expected, the pair reversed above 92.+, but the rise is corrective in ...

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Old Sep 9, 2009, 10:21am   #16
 
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Current level - 92.54


As expected, the pair reversed above 92.+, but the rise is corrective in nature, so we will expect a break below 92.25 to target next support area around 90.35. Intraday bias is still positive, supported at 92.38, with a maximum target below 93.82 resistance.


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Old Sep 10, 2009, 10:58am   #17
 
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Current level - 92.10


Yesterday's corrective phase peaked at 92.60 and the pair broke below 92.04, reaching temporary low at 91.61. Current rebound is corrective in nature, preceding next slide towards 90.35. Crucial on the upside is 92.60.


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Old Sep 11, 2009, 10:18am   #18
 
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Current level-1.4597


We think, that a top might be in place, so expect a break below 1.4570 to signal, that a larger corrective phase is on the run, towards 1.4444 support.


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Old Sep 14, 2009, 10:32am   #19
 
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Current level- 1.6572


Recent high at 1.6741 was confirmed to be the end of the rise from 1.6111, so currently a larger consolidation with a negative bias is underway, targeting 1.6430. Intraday resistance comes at 1.6602, followed by the crucial 1.6625.


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Old Sep 17, 2009, 9:53am   #20
 
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Current level - 90.86


We think, that from yesterday's low at 90.12 the third part of the consolidation is underway and it should challenge 91.63 before next leg downwards, to 88.64. Important resistance on the upside is 92.02, followed by the crucial 93.40.


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Old Sep 22, 2009, 8:40am   #21
 
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Current level- 1.6268


As expected, the minor consolidation below 1.6205 resistance was followed by a final spike low for 1.6111, which failed at 1.6140 and the pair reversed, entering a larger corrective phase towards 1.6401. Intraday resistance comes at 1.6296, nearest support is 1.6254, followed by the crucial 1.6220.


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Old Sep 23, 2009, 9:38am   #22
 
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Current level-1.4802


We think, that with yesterday's peak at 1.4842 the uptrend from 1.4611 has ended and the pair is entering a corrective phase towards 1.4749, en route to 1.4701. Nevertheless, the overall bias remains bullish and new highs around 1.4911 are to be expected after building a reliable base above 1.4701. Crucial is 1.4611.


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Old Sep 24, 2009, 9:44am   #23
 
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Current level-1.4757


Still in the consolidation pattern below 1.4842 and there are no signs of bottoming so far, so allow one more dip to 1.4680 support area before renewing the rise for 1.4911. Crucial remains 1.4611.

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Old Sep 25, 2009, 10:17am   #24
 
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Current level- 1.6011


Yesterday's break below 1.6111 support area did activate a reversal formation on the daily frame, targeting 1.5352-1.50+ area with crucial level above 1.6458. Intraday bias is positive with a risk limit below 1.5979, targeting 1.6086, en route to 1.6110-30. Current consolidation will aim to correct the slide 1.6467-1.5916.

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Old Sep 28, 2009, 10:05am   #25
 
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Current level - 89.53


Recent break below 90.12 provoked a sharp sell-off towards 88.41, thus filling our target at 88.64 and currently the pair is in a corrective phase below 90.34, that should be followed by one more downward test of the 87.12 weekly low. Intraday bias is positive for 89.92 and 90.34 with a risk limit below 89.15. Current consolidation above 88.42 is expected to last minimum 4 trading sessions.

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Old Sep 29, 2009, 9:42am   #26
 
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Current level-1.4616


Yesterday's rise peaked below 1.4680 dynamic resistance and the pair reversed, initiating a downtrend for 1.4512, en route to 1.4444. Intraday resistance comes at 1.4647, followed by the crucial 1.4719.

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Old Oct 5, 2009, 1:07pm   #27
 
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Current level- 1.5872


Obviously the consolidation pattern above 1.5766 is not over yet, but while the pair trades below 1.6130 resistance area, the overall outlook will remain absolutely bearish for 1.5352. Intraday bias is negative, but 1.6024 high is not yet confirmed to be the end of the 1.5766-1.6130 ranging pattern. Only a break below 1.5801 recent low will generate a signal for a trend renewal.

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Old Oct 7, 2009, 11:05am   #28
 
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Current level - 88.34


As expected, the pair broke below 88.82 dynamic support and aims at 87.12 lows. Intraday resistance comes at 88.61, followed by the crucial 89.05. On the 4 h. chart the crucial level for the downtrend since 97.80 has been changed from 92.50 to 89.99.

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Old Oct 8, 2009, 11:20am   #29
 
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Current level- 1.6047


Yesterday's rise broke through 1.6010 dynamic resistance and current bias is positive for 1.6130 major resistance area. Intraday support comes at 1.6010-24, followed by the crucial 1.5970. On the larger frames the pair is still in the prolonged consolidation above 1.5766 and a break below 1.5855 will target 1.5352 support zone.

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Old Oct 9, 2009, 9:02am   #30
 
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Current level-1.4721


The rise from 1.4650 peaked at 1.4817 and a massive sell-off followed, reaching a temporary low at 1.4703. The overall bias remains positive with a crucial level at 1.4650, so we will expect an uptrend to emerge from current levels, towards 1.4842, en route to 1.4967. Intraday bias is still negative with a resistance around 1.4756 and crucial level at 1.4779.

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