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Deltastock Daily Fx Analysis

March 31, 2009Current level-1.3245EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.2951 and 1.3834. Yesterday's low at 1.3112 was a test of the 1.3092 support zone and currently a larger corrective phase is on the run, targeting 1.3328 and probably 1.3410 resistance. Intraday bias is rather neutral, considering the ranging mode at the moment, but on the lower frames

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Forex: USD/JPY: Dollar testing 99.40 level

!--TITOL: h1Forex: USD/JPY: Dollar testing 99.40 levelFITITOL--FXstreet.com (Barcelona) ? The Dollar, after bouncing at 98.90 support ahead of the European session opening, has climbed higher to reach 99.40/45 resistance area although the pair does not seems to advance upwards on a strong pace.br /br /According to Carol Harmer, technical analyst at Charmer Charts, 99.40 is a key level on the upside: ?Nearby resistance is at 99.40/45. If buyers can take the market above here there is a good chance of

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Forex: USD/JPY: Dollar bounces from 97.15 and advances close to 98.00

FXstreet.com (Barcelona) ? The Yen seems to be losing strength at the European session opening times, USD/JPY has bounced at 97.15 support level and advances at levels around 97.70 with resistance area at 98.00 on sight.In case of successful move above 98.00, the Dollar might find resistance at 98.45 (Apr 23 high) and above here 98.98 (Apr 21 high). On the downside, next support level stands at 97.15, and below there, 96.60 and 96.20.Nicole Elliott, senior technical analyst at

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Deltastock Daily Fx Analysis

May 21, 2009Current level-1.3774EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524. As expected, the pair broke through 1.3740 resistance, reaching high at 1.3830. Current consolidation below 1.3830 is expected to retest 1.3740 before next leg upwards, for 1.3921 target zone. Intraday support comes at 1.3740, followed by 1.3710. Crucial on the 4h. chart remains 1.3582.Full Article

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Support & Resistance

The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis and they are often regarded as one of the most important concepts in Forex trading. These terms are used by traders to refer to price levels on charts that tend to act as barriers from preventing the price of an asset from gettin

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Forex: GBP/USD tests 1.5320 resistance level after US opening bell

!--TITOL: h1Forex: GBP/USD tests 1.5320 resistance level after US opening bellFITITOL--Fxstreet.com (Barcelona) - Cable has risen 60 pips from 1.5260 support to test 1.5320 resistance in the last hour after the US opening bell. GBP/USD recovery from 1.5115 low in Asian session has extended to levels above 1.5300. After having reached an intra-day high at 1.5320, the Pound trades around 1.5305 at the time of writing.br /br /Valeria Bednarik, FXstreet.com contributor, suggests that a href=http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-05-18.v03.htmlCable uptrend is exhausted and the

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Deltastock Daily Fx Analysis

May 28, 2009Current level-1.3824EUR/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 1.3064 and 1.3524. Yesterday's test of the 1.40+ resistance failed and the pair is still in the corrective pattern below 1.4050. The overall uptrend is intact and although there is a chance for an intraday test of the 1.3740 support, we think it will fail and later today

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Forex: Euro tests 1.3930 support again; upward momentum is over

FXstreet.com (Barcelona) - The Euro has dropped to support level at 1.3930 after having been rejected at 1.3985, and, although the pair remains above the mentioned support, the Euro, according to the Swiss e Trade Strategy Team, has lost its upside momentum.The Swiss e Trade Strategy Team expects the Euro moving lower today: The pair has lost its upward momentum over the last two days, continuing to consolidate its higher levels this European morning, and is currently trading at 1.3965

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Forex: EUR/USD: Euro, below 1.3565 weakens ahead of Eurozone CPI and GDP

FXstreet.com (Barcelona) - The Euro is dropping during European session and has given away most of the ground gained during yesterday's U.S. session falling below 1.3565 support level (May 1 low).Below here, next support level comes at 1.3525, 1.3500 and then 1.3470 (My 7 high). On the upside, recovery from current levels could find resistance at previous intra-day low art 1.3615 and 1.3665, once above here, next resistance lies at 1.3725 (May 13 high).For more information, read our latest forex

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