Deltastock's Daily Technical Analysis on Forex Majors

[Deltastock AD]

November 3, 2009
Current level-1.4767

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 consolidation pattern above 1.4680 and we feel, that this corrective phase is close to its end, so expect a break below 1.4680 to trigger a sell-off towards 1.4593, en route to 1.4450. Intraday crucial level comes at 1.4806, followed by the dynamic resistance at 1.4840.

Full article

[Deltastock AD]

November 10, 2009
Current level-1.4986

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.

A minor consolidation is underway after yesterday's peak at 1.5020 and we expect it to be limited above 1.4930 support before renewal of the uptrend towards 1.5063, en route to 1.5124.

Full article

[Deltastock AD]

November 11, 2009
Current level-1.5034

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 consolidation below 1.5022 has ended at 1.4937 low and the uptrend is renewed towards 1.5124. Crucial on the downside is 1.4970.

Full article

[Deltastock AD]

November 12, 2009
Current level-1.4966

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.

Full article

[Deltastock AD]

November 13, 2009
Current level-1.4879

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.

Full article

[Deltastock AD]

November 16, 2009
Current level-1.4982

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.

Full article

[Deltastock AD]

November 17, 2009
Current level-1.4929

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.

Yesterday's peak at 1.4994 marked a minor reversal and a sell-off followed, bottoming at 1.4881. Current intraday bias is negative with a crucial level at 1.4974 and we expect this slide to be the last wave of the consolidation pattern below 1.5050, before advancing towards 1.5130. As there is no important support in EUR/USD on the lower frames, watch out for 0.8830 zone in EUR/GBP, as it is expected to provide a reliable support for the next leg upwards.

Full article

[Deltastock AD]

November 20, 2009
Current level-1.4901

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 1.4793 and 1.3523.

The overall bias here is neutral with a slightly bearish pressure while the 1.4796 support is still on test. Intraday resistance comes at 1.4972 and is likely to be tested before the beginning of the U.S. trading session, but only a clear break above 1.5015 will set the focus back on new highs, beyond 1.5063.

Full article

[Deltastock AD]

November 25, 2009
Current level-1.5012

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 1.4793 and 1.3523.

The minor consolidation pattern below 1.4999 ended at 1.4920 and the bias is positive for 1.5063, en route to 1.5130. Intraday support comes at 1.4999, followed by the crucial 1.4954.

Full article