Deltastock Daily FX Analysis

This is a discussion on Deltastock Daily FX Analysis within the Daily Analysis forums, part of the Commercial category; August 17, 2009 Current level-1.4124 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, ...

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Old Aug 17, 2009, 10:09am   #1
 
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Deltastock Daily FX Analysis

August 17, 2009
Current level-1.4124


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 1.4037 and 1.3372.

As expected, the test of 1.4310-4330 resistance failed and the pair is in a downtrend for a break below 1.4096, en route to 1.3830 and 1.3746 major support zone. Intraday bias is negative with nearest resistance around 1.4164.



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Old Aug 18, 2009, 8:49am   #2
 
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Current level- 1.6381


A minor consolidation unfolds above 1.6275, aiming at 1.6428 resistance. Although current intraday bias is positive for 1.6428, we will expect later today a downtrend to emerge, targeting 1.6215 dynamic support, en route to 1.5980. The trigger will be 1.6323 minor support.



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Old Aug 19, 2009, 9:00am   #3
 
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Current level-1.4102


The brief consolidation above 1.4045 is already complete and we are expecting a break below 1.4070 to trigger a massive sell-off towards 1.3830, en route to 1.3746. The pair is in extremely bearish condition on the 1h. chart, so a downtrend for 1.3830 seems inevitable.



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Old Aug 20, 2009, 9:08am   #4
 
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Current level- 1.6564


With yesterday's reversal at 1.6372 the pair is in an uptrend towards 1.6663, en route to 1.6752. Nearest support comes at 1.6475 and the bias on the 1h. and 4h. charts is neutral.



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Old Aug 21, 2009, 10:15am   #5
 
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Current level-1.4283


Yesterday's consolidation was limited above 1.4172 support and the uptrend is expected to continue towards 1.4330-50 resistance.


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Old Aug 24, 2009, 10:23am   #6
 
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Current level-1.4316


A minor downtrend unfolds from last week's high at 1.4378 and the pair is currently testing 1.4267 support zone. We favor the idea, that a break below that level will aim directly at 1.4167, en route to 1.4006. Crucial on the upside is 1.4340.


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Old Aug 25, 2009, 9:37am   #7
 
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Current level- 1.6375


Current bias remains negative for 1.6270 and 1.6030. Crucial on the upside is 1.6430, as if we see a break above that level it will signal, that the corrective phase above 1.6273 is not over yet.


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Old Aug 26, 2009, 10:01am   #8
 
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Current level - 94.13


The slide from 95.07 has potential for one more downswing to 93.65, before advancing towards 95.50 resistance.


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