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Deltastock Daily Fx Analysis

May 7, 2009Current level- 1.5118The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896. Our first target at 1.5172 was almost hit with recent high at 1.5163 and currently the pair is in a corrective phase, that is expected to be limited above 1.4978, before next leg upwards, to 1.5301.Full Article

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Forex: EUR/USD breaks 1.3900 and rises above 1.3910

FXstreet.com (Barcelona) - After finding support at 1.3860 from its 140 pips decline in the European session, EUR/USD has risen to break 1.3900 resistance and trade above 1.3910. Currently the pair is trading around 1.3905/15, 0.70% below its opening price action.Lena Manousarides, Analyst at SpikeCharts, says: The EUR/USD has been rising exceptionally since last week; however the pair found a top at 1.4050 and the dollar bulls took their revenge by selling off the pair since early European open. For

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Forex: Pound rallies to 1.5140

FXstreet.com (Córdoba) ? The pound strengthen against the dollar and rose breaking above 1.5100. So far today GBP/USD has risen 0.55% and is near 4 month high reached last week at 1.5159. The pair moved in an upside trend most of the American session recovering early losses and rising more than 130 pips. Current price is 1.5140. If the pair ends the day around these levels it will be the highest daily closed since January 7th. For more information,

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Forex: GBP/USD is back above 1.5100

FXstreet.com (Barcelona) - After reaching 1.5160, fresh 4-months high and falls to 1.5030, the Cable has risen around 70 pips to be back above 1.5100 level. Currently the pair is trading around 1.5115/25 0.60% above its opening level.Valeria Bednarik, FXstreet.com says: Pair seems a bit exhausted to the upside, and ready for a downside correction in the hourly charts, probable bearish engulfing in the hourly, yet as long as the pair remains above 1.5000, consider bullish bias intact. Tough congestion

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Forex: GBP/USD: Pound dropped to 1.5065 low; correlated with oil prices

FXstreet.com (Barcelona) ? The Pound continues weak after having declined from 1.5330 high yesterday to intra-week low around 1.5065, and the pair dies not take off to levels above 1.5100.According to the Kshitij Consultancy Service Team, the pair has taken south after breaking 55 SMA in the 4 hour chart: ?Cable fell past the Support at 55-MA on the 4-hour chart. A break past 1.4892 (21-DMA) may signal the confirmation of bearishness which could then pull the pair down towards

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Forex: GBP/USD reaches 1.5515, fresh 2009 high, back below 1.5500

FXstreet (Barcelona) - After recovering from 1.5115 Monday's low and rise around 400 pips in the first two days of the week, Cable has reached a new 2009 high at 1.5515 in the European session. Currently the pair is trading back below 1.5500 level, close to 1.5475/85, 1.00% above today's opening price.Anna Coulling, Analyst at Master The Markets, suggest to buy on any pullback in Cable: Having facetiously suggested that yesterday we would see an up bar, purely based on

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Forex: EUR/USD found support at 1.3335, back above 1.3350

FXstreet.com (Barcelona) - After falling from 1.3435, intra-day high to find support at 1.3335, the EUR/USD has risen to trade above 1.3350 level. Currently the pair is trading around 1.3360 after falling 0.40% so fartoday from 1.3416 opening price.Valeria Bednarik, FXstreet.com collaborator, says: Consolidation range has moved up to the 1.33/34 zone, with daily charts still slightly bullish. 1.3550 where we have the 200 EMA will be a key point for the pair in the term. Above it, upside bias

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