Deltastock Daily FX Analysis

This is a discussion on Deltastock Daily FX Analysis within the Daily Analysis forums, part of the Commercial category; October 12, 2009 Current level- 1.5766 The downtrend from 1.6130 resistance accelerated and broke below 1.5855 "trigger" point. The consolidation ...

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Old Oct 12, 2009, 9:44am   #31
 
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Current level- 1.5766


The downtrend from 1.6130 resistance accelerated and broke below 1.5855 "trigger" point. The consolidation pattern above 1.5766 is already completed on the daily frame, so current focus is set at 1.5352. Resistance comes at 1.5798 and crucial is 1.5884.

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Old Oct 14, 2009, 10:32am   #32
 
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Current level-1.4890


EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.

The uptrend from yesterday's lows at 1.4760 is intact and is aiming at our target at 1.4967. Intraday support comes at 1.4850.

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Old Oct 16, 2009, 9:57am   #33
 
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Current level-1.4939


The consolidation below 1.4967 is still underway and is expected to target 1.4842 again and probably even 1.4812 important support area. The bias on the larger frames continues to be positive for 1.5104 with support at 1.4812 and risk limit below 1.4681.

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Old Oct 19, 2009, 10:27am   #34
 
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Current level - 90.56


A minor consolidation unfolds from recent high at 91.34 and the pair is testing 90.38 support area. The overall bias remains positive for 92.10, but a break below 90.40 can target a deeper slide towards 89.70 dynamic support. A positive trigger on the upside is 90.90.

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Old Oct 20, 2009, 10:32am   #35
 
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Current level- 1.6396


Yesterday's rise peaked at 1.6446, testing the dynamic resistance on the daily frame. There is a minor downtrend from the mentioned highs, but a break below 1.6250 is needed to confirm, that a top is in place and the focus is finally set on 1.6130 major support.

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Old Oct 22, 2009, 9:50am   #36
 
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Current level-1.4962


With the recent peak at 1.5043 most of the major currency pairs reached important support/resistance levels, so there is a possibility, that a top might be in place. Nevertheless, current slide from 1.5043 is still corrective in nature and while 1.4880 is intact, the focus will remain set on 1.5104 reversal area. On the upside, 1.5015 is today's trigger for an upmove towards 1.5104.

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Old Oct 23, 2009, 9:58am   #37
 
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Current level- 1.6676


Yesterday's test of 1.6490 support failed and as expected, the uptrend has been renewed towards 1.67+ resistance area. Current bias is positive, supported at 1.6660 and with a crucial level at 1.6619. The expected reversal below 1.6752 will be confirmed with a break below 1.6619.

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Old Oct 27, 2009, 9:39am   #38
 
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Current level-1.4906


With the break below 1.5009 and 1.4980, 1.5063 is confirmed to be the final of the rise from 1.4478, so currently a downtrend is on the run, aiming at 1.4690, en route to 1.4450. Current pattern above 1.4840 support is corrective in nature and will result in deeper drowning towards 1.4690. Intraday bias is neutral, in the 1.4877-1.4945 range. Crucial on the upside is 1.4980.

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Old Oct 28, 2009, 9:00am   #39
 
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Current level - 91.25


The expected reversal in the 92.10-40 area is already a fact and was confirmed with the recent break below 91.57. Current target is set at 90.20 and the bias is extremely negative with an intraday resistance at 91.57-62.

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Old Oct 29, 2009, 9:24am   #40
 
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Current level-1.4739


Yesterday's low at 1.4678 marked the end of the downtrend from 1.4841, but the overall bias remains negative, so a brief test of 1.4766 resistance is to be expected, before final spike-low to 1.4636. A break above 1.4766-70 res. will state, that the bottom is already in place and will challenge 1.4840 area.

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Old Oct 30, 2009, 10:02am   #41
 
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Current level - 90.99


Yesterday's rebound peaked at 91.60 and currently the pair is capped at 91.30 and well supported at 90.83. Later during the day a break below 90.83 is to be expected and it should target 90.20 support area again.

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Old Nov 2, 2009, 9:20am   #42
 
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Current level-1.4746


Friday's minor downtrend reached the previous low at 1.4680, thus confirming, that a corrective pattern is underway, preceding a deeper drowning towards 1.4450. Intraday bias is neutral and there is a chance for one more test in the 1.4815 area, before breaking below 1.4680.

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Old Nov 3, 2009, 9:38am   #43
 
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Current level- 1.6353


Still in the consolidation pattern above 1.6340, but the pair is gathering momentum and the bias is negative for 1.6250, en route to 1.6130. Intraday crucial level on the upside is 1.6402.

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Old Nov 5, 2009, 9:49am   #44
 
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Current level-1.4818


With the break above 1.4850 resistance, the downtrend from 1.5063 was confirmed to be completed, so there is no current trend on the 2 and 4 h. charts. Nevertheless, the bottom at 1.4623 was a test of the 50-day SMA on the daily chart and the fact, that this test failed is a signal, that the major uptrend is intact and new highs are to be expected. Intraday bias is slightly negative for 1.4777 and we expect current corrective slide from 1.4910 to be limited above that zone before next leg upwards to 1.5063. Crucial on the downside is 1.4735.

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Old Nov 9, 2009, 9:57am   #45
 
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Current level - 90.10


Although the pair dipped few pips lower than expected, we think, that the reversal at 89.61 will target 91.58 resistance before larger slide towards 88.82. Important trigger on the upside is 90.75 and crucial is 89.71.

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