Deltastock Daily FX Analysis

nice thread, it seems you stopped posting.
Thank You, yellowroses.

I publish analysis on EUR/USD,USD/JPY and GBP/USD every day on our site, but i am not allowed to give a direct link here. For this thread here i choose one of the majors from my analysis and i do not post here every single day, only if i have the time to do so.

Regards
Stoyan
 
July 2, 2010
Current level - 87.97


The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

The downtrend from 91.49 is intact and with the recent break below 87.94 the bias is negative for 84.78 low. Major resistance on the upside is 89.10.

usdjpy020710.jpg
 
July 6, 2010
Current level - 1.2580


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Yesterday's slide finalized the consolidation pattern below 1.2613 and with the recent low at 1.2479 the uptrend has been renewed, aiming at 1.2790. First intraday resistance is seen at 1.2613 and nearest support is 1.2561.

eurusd050710.jpg
 
July 9, 2010
Current level - 88.54


The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

The static support at 87.97 still guards the positive bias, but until the pair trades below 89.20 resistance area we will favor a reversal to initiate a downtrend for 84.78.

usdjpy090710.jpg
 
July 12, 2010
Current level - 1.2584


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Friday's break below 1.2680 signaled, that a top is in place at 1.2722 and current bias is negative for a break below 1.2553, en route to 1.2470 major support. First resistance on the upside is 1.2611, followed by the crucial 1.2647.

eurusd120710.jpg
 
July 14, 2010
Current level - 1.5230


The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.

As the pair broke through 1.5080 resistance, the overall bias switched to bullish, targeting 1.5524 major resistance. The pattern below 1.5230 has been confirmed as corrective one and the intraday outlook is also positive with a risk limit below 1.5187.

gbpusd140710.jpg
 
July 16, 2010
Current level - 1.2940


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The uptrend accelerated, reaching a local peak at 1.2954. The bias continues to be extremely positive for the major resistance around 1.31+ area. Initial support comes at 1.2925, followed by the dynamic projection at 1.2840.

eurusd140710.jpg
 
July 19, 2010
Current level - 86.67


The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

Friday's break below 86.96 accelerated the downtrend, marking a local low at 86.25. The overall bias remains negative with an initial resistance at 86.96, followed by the 88.00 area. Further depreciation is to be expected, towards 84.78.

usdjpy090710.jpg
 
July 20, 2010
Current level - 1.2986


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The overall bias remains bullish for a precise test at 1.31+ resistance area. Initial support is seen at 1.2930 and crucial is 1.2869. Current pullback from today's high at 1.3028 is corrective in nature, preceding next leg upwards, to 1.3120.

eurusd190710.jpg
 
July 21, 2010
Current level - 1.2855


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The uptrend from 1.2521 has been completed at 1.3028 and the pair is in a corrective pattern, preceding next advance towards 1.3120 resistance area. The intraday bias is negative for 1.2770 with an initial resistance at 1.2930.

eurusd210710.jpg
 
July 22, 2010
Current level - 1.2810


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Although the pair dipped lower than expected, at 1.2731, we still think, that the slide from 1.3028 is corrective in nature, preceding next leg upwards for 1.3120. The intraday bias is still bearish with important resistance at 1.2840 and break above that are will aim directly at 1.2930, en route to 1.3030.

eurusd210710.jpg
 
July 23, 2010
Current level - 1.5289


The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.

The rebound from 1.5118 is not corrective in nature and it is obvious, that the test of the dynamic support has failed, so further appreciation is to be expected, towards 1.5524. The intraday bias is positive with a crucial level at 1.5254 and is heading for a break above 1.5337, en route to 1.5472.

gbpusd230710.jpg
 
July 26, 2010
Current level - 87.17


The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

We think, that the recent peak at 87.71 marked the final of the consolidation pattern above 86.25 and the pair is ready to renew its downtrend towards 84.78. The intraday bias is negative with an initial resistance at 87.39.

usdjpy230710.jpg
 
July 27, 2010
Current level - 1.5477


The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.

Our target at 1.5524 has been filled and there is a minor reversal on the intraday charts, so further depreciation is to be expected, towards 1.5334. Trigger on the downside is 1.5450.

gbpusd270710.jpg
 
July 28, 2010
Current level - 1.5577


The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.

The corrective pattern below 1.5524 was very short-lived and after bottoming at 1.5443 the uptrend was renewed, peaking at 1.5626. The overall bias remains positive for 1.5775-5830 resistance area with an intraday support at 1.5520 and risk limit below 1.5443.

gbpusd280710.jpg
 
July 29, 2010
Current level - 1.3051


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The overall bias remains bullish for 1.3120 resistance with a crucial level at 1.2976. Initial intraday support is 1.3045.

eurusd260710.jpg
 
July 30, 2010
Current level - 1.3067


Yesterday's peak at 1.3107 was a test of the 1.3120 major resistance, but currently there are no signs of a reversal, so our outlook remains bullish for the next target area at 1.3310. Initial support comes at 1.3045, followed by the crucial 1.2960. An eventual break below 1.2960 will state that the uptrend since 1.2731 is over and a top is place.

eurusd300710.jpg
 
August 2, 2010
Current level - 1.5786


The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.

Our target at 1.5775 has been filled and we will expect a reversal around 1.5830 to initiate a downtrend for 1.5520. The intraday bias however is still positive with a support at 1.5750 and only a clear break below 1.5710 will confirm, that a top is in place.

gbpusd280710.jpg
 
August 3, 2010
Current level - 1.3230


EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The pair broke through 1.3107 high and the uptrend has been renewed, currently testing the minor resistance at 1.3230, before advancing upwards, to 1.3310 main target. Intraday support comes at 1.3197 and crucial is 1.3147.

eurusd300710.jpg
 
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