Deltastock's Daily Technical Analysis on Forex Majors

[Deltastock AD]

September 8, 2009
Current level-1.4396

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 1.4134 and 1.3523.

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[Deltastock AD]

September 9, 2009
Current level-1.4469

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 1.4134 and 1.3523.

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[Deltastock AD]

September 10, 2009
Current level-1.4542

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 1.4134 and 1.3523.

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[Deltastock AD]

September 11, 2009
Current level-1.4597

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 1.4134 and 1.3523.

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[Deltastock AD]

September 15, 2009
Current level-1.4599

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 1.4134 and 1.3523.

With yesterday's break above 1.4569 resistance, the uptrend was renewed, peaking at 1.4652. A break above 1.4639 will target 1.4719 reversal area and crucial for the current uptrend is 1.4520.

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[Deltastock AD]

September 16, 2009
Current level-1.4675

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 1.4134 and 1.3523.

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[Deltastock AD]

September 17, 2009
Current level-1.4741

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 1.4134 and 1.3523.

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[Deltastock AD]

September 18, 2009
Current level-1.4684

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 1.4134 and 1.3523.

The pair is still in the minor consolidation below 1.4765, currently testing 1.4637 major support. We believe, that the overall positive bias is still on the table and the slide from 1.4765 is a partial "profit taking", before next leg unfolds upwards, towards 1.4824 target zone. Crucial is 1.4637-23.


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[Deltastock AD]

September 24, 2009
Current level-1.4757

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 1.4134 and 1.3523.

Still in the consolidation pattern below 1.4842 and there are no signs of bottoming so far, so allow one more dip to 1.4680 support area before renewing the rise for 1.4911. Crucial remains 1.4611.

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[Deltastock AD]

September 28, 2009
Current level-1.4622

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 1.4134 and 1.3523.

The recent break below 1.4611 confirmed, that a larger corrective phase is on the run from 1.4842, targeting 1.4444 support. Intraday bias is slightly positive towards 1.4653, where a reversal should be expected, for next leg downwards, to 1.4493.

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