Deltastock's Daily Technical Analysis on Forex Majors

[Deltastock AD]

August 17, 2009
Current level-1.4124

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 1.4037 and 1.3372.

As expected, the test of 1.4310-4330 resistance failed and the pair is in a downtrend for a break below 1.4096, en route to 1.3830 and 1.3746 major support zone. Intraday bias is negative with nearest resistance around 1.4164.

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[daniellefr]

Keep them coming! I thought it is daily analysis

[Deltastock AD]

August 25, 2009
Current level-1.4280

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 1.4087 and 1.3463.

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[Deltastock AD]

August 26, 2009
Current level-1.4324

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 1.4087 and 1.3463.

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Successful trading!

[Deltastock AD]

August 27, 2009
Current level-1.4236

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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Successful trading!

[Deltastock AD]

August 28, 2009
Current level-1.4335

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 break above 1.4285 neutralized the negative sentiment and the pair is back in the previous range. We are rather bearish here for 1.4050 with a risk limit above 1.4367.

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[Deltastock AD]

August 31, 2009
Current level-1.4293

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.

Current downtrend from 1.4381 aims at 1.4209 and 1.4160. Important resistance on the upside is 1.4315. Ranging mode prevails on the 4 h. and 8 h, charts.

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[Deltastock AD]

September 1, 2009
Current level-1.4369

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 2, 2009
Current level-1.4224

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 break below 1.4320 confirmed, that a minor top is in place at 1.4378 and a sharp sell-off followed, bottoming at 1.4176. Current rebound is corrective and we expect it to be limited below 1.4280 resistance zone, before next slide towards 1.4110. Intraday bias is positive with a risk limit below 1.4204.

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Deltastock's site is available already also in French and Japanese

[Deltastock AD]

September 7, 2009
Current level-1.4342

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.

As expected, Friday's swing bottomed at 1.4190 and the uptrend is renewed for 1.4444, en route to 1.4560. Allow more ranging activity before breaking beyond 1.4380 in tomorrow's trading sessions.

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