Deltastock Daily FX Analysis

[Deltastock]

January 6, 2010
Current level- 1.6040

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.

Although the pair dipped to 1.5944 we continue to expect one more upswing to 1.6410, so stay tuned for a clear break above 1.6070 resistance area, that shall clear the road towards 1.6410. Intraday bias is neutral and while the pair holds below 1.6070, the outlook on the 1 h. chart will remain bearish.

 

[Deltastock]

January 13, 2010
Current level - 91.34

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.

As expected, the pair broke through 91.25 and dipped to 90.60 support area. Current rebound is to be considered corrective in nature and we expect it to be limited below 91.70, before next leg downwards, to 88.90.

 

[Deltastock]

January 18, 2010
Current level-1.4386

EUR/USD is in a downtrend, after peaking at1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.

Current rebound from 1.4335 is corrective in nature and while the pair stays below 1.4450 resistance, the bias will continue to be negative for a break below 1.4260, en route to 1.3740 support on the daily frame.

 

[Deltastock]

January 19, 2010
Current level- 1.6409

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.

Our target at 1.6410 has been filled and we will expect a reversal around current levels, that should initiate a downtrend for 1.6070, en route to 1.5706. Important trigger on the downside is 1.6320.

 

[Deltastock]

January 21, 2010
Current level-1.4061

EUR/USD is in a downtrend, after peaking at1.5146 (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 downtrend from 1.4410 is intact ad the pair is in a minor consolidation pattern above 1.4000-39 sentiment zone. Further depreciation is to be expected, towards 1.3740 daily frame support area. The intraday bias is negative and 1.4135 should limit the upside for the next leg downwards, to 1.3924 initial target.

 

[Deltastock]

January 25, 2010
Current level- 1.6131

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.

Friday's break below the crucial 1.6167 transformed the minor rise from 1.6125 in a corrective phase and the downtrend was renewed, reaching a temporary low at 1.6077. The overall bias remains negative for 1.5901, en route to 1.5706 and crucial on the upside is 1.6283.

 

[Deltastock]

January 26, 2010
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.

 

[Deltastock]

January 28, 2010
Current level-1.4037

Yesterday's slide bottomed at 1.3936, few pips above our intraday target at 1.3924 and current rebound is to be considered corrective in nature, preceding next leg downwards, to 1.3836. Crucial on the upside is 1.4090 and an intraday reversal will be confirmed below 1.4004.

 

[Deltastock]

February 1, 2010
Current level-1.3890

A minor consolidation unfolds above 1.3851 low and we expect it to be limited below 1.3920, before next, probably the final leg of the downtrend since 1.4190. Current target remains 1.3740 support area and crucial on the upside is 1.3990.

 

[Deltastock]

February 2, 2010
Current level- 1.5920

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.

The pair has entered a larger consolidation pattern in the 1.5833-1.6070 zone. Intraday expect 1.5880 to support the pair for a rise towards 1.6050.

 

[Deltastock]

February 3, 2010
Current level - 90.26

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.

The resistance around 90.90 is still intact and we expect a break below 89.76 to target directly 88.35.

 

[Deltastock]

February 5, 2010
Current level-1.3675

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 pair broke through 1.3740 support, dipping to 1.3649. The overall bias remains negative for 1.3413 with an intraday resistance at 1.3740. On the 4h. chart crucial is 1.3850.

 

[Deltastock]

February 11, 2010
Current level- 1.5589

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.

The sell-off from 1.5765 has been corrected nicely to 1.5661 and the pair is ready for a break below 1.5562, that will signal a renewal of the downtrend towards 1.5352. Crucial on the upside is 1.5662.

 

[Deltastock]

February 12, 2010
Current level-1.3615

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 sell-off from 1.3805 broke through 1.3676 and the pair has renewed its downtrend for 1.3413. Intraday resistance comes at 1.3696.

 

[Deltastock]

February 16, 2010
Current level- 1.5714

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.

The prolonged consolidation pattern above 1.5530 is still on the run and is currently testing 1.5760 resistance area. We think, that this rally is a sell opportunity for 1.5352, while 1.5833 major resistance is intact.