Deltastock Daily FX Analysis

This is a discussion on Deltastock Daily FX Analysis within the Daily Analysis forums, part of the Commercial category; October 16, 2009 Current level-1.4939 The consolidation below 1.4967 is still underway and is expected to target 1.4842 again and ...

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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, 10:39am   #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, 10:00am   #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, 10:24am   #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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