Forex Technical Analysis

By DeltastockApr 08, 2008 08:00PM ET

www.investing.com/analysis/technical/forex-technical-analysis-5895

Forex Technical Analysis

By Deltastock | Apr 08, 2008 08:00PM ET

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EUR/USD

Current level-1.5732

The currency pair is in an uptrend unfolding from the 1.2484 bottom and probably ahead of a significant reversal on weekly basis. The technical indicators are rising and the trading is situated above the 50-day and the 200-day SMA, currently projected at 1.4302 and 1.3697.

240 min.
chart

The recent test of the 1.5901 resistance failed and the pair suffered a sell-off , reaching low at 1.5508. Our short-term view remains unchanged (bullish for 1.6341), but on the lower frames there is a clear downtrend, that consolidates above 1.5685, before breaking below that level, aiming at 1.5593. The risk limit is set at 1.5797, as if the pair climbs above that resistance, the rod will be clear all the way up to 1.5901.

resistance

support

intraday	intraweek
1.5686	1.5901
1.5778	1.6127

intraday	intraweek
1.5685	1.5341
1.5593	1.4961

USD/JPY

Current level - 102.25

The pair is in a clear downtrend from the 114.66 top, after completing the broad consolidation since 107.21. The technical indicators are falling on daily basis and trading is situated below the 50- and 200-day SMA, currently projected at 113.78 and 117.86

240 min.
chart

Our targets at 101.41 and 102.02 have been met, so we'll expect a downtrend to emerge, for a break below the 99.86 dynamic support, en route to 95.75. Shorter term the consolidation phase between 102.96 and 101.51 should be close to an end, so expect an attempt above 102.96, targeting 103.58 resistance, before reversal on the 8-hour chart.

resistance

support

intraday	intraweek
102.72	103.58
102.92	104.97

intraday	intraweek
101.51	98.79
101.03	95.75

GBP/USD

Current level- 1.9676
The pair has reversed at 1.9337 and the technical indicators are rising and convergent. Trading is situated between the 50-day MA, projected at 2.0521 and the 200-day SMA, at 2.0078.

240 min.
chart

Yesterday's test of the 1.9730 support was successful and the pair is heading towards 1.9415. Current resistance can be found around 1.9730-35 and we expect the downtrend to continue towards 1.9575 and 1.9415 later on.

resistance

support

intraday	intraweek
1.9976	2.0461
2.0051	2.0575

intraday	intraweek
1.9656	1.9415
1.9576	1.9363

Disclaimer: Deltastock Inc. warns its present and future clients that currency, precious metals and CFDs trading is a high-risk activity, where the possibility of suffering losses is considerable. The leverage used magnifies your losses, as well as your gains. Deltastock Inc. opperates under the EU Markets in Financial Instruments Directive of the European Parliament and the Council. Thus clients are ensured the utmost protection of their interests.

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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Central Banks

Interest Rates

Next Meeting

FED

4.00%

Oct 28, 2026

ECB

2.65%

Dec 17, 2026

BOE

4.00%

Dec 17, 2026

SNB

0.00%

Dec 10, 2026

RBA

4.85%

Dec 08, 2026

BOC

2.50%

Dec 09, 2026

RBNZ

2.75%

Dec 09, 2026

BOJ

1.25%

Oct 30, 2026

CBR

14.00%

Dec 18, 2026

RBI

5.50%

Dec 04, 2026

PBOC

3.00%

Nov 20, 2026

BCB

13.75%

Dec 09, 2026

US 30	51,036.1	-485.2	-0.94%
US 500	7,355.1	+1.3	+0.02%
US Tech 100	26,829.4	+199.6	+0.75%
Dow Jones	51,523.06	-1833.06	-3.44%
S&P 500	7,353.73	-334.89	-4.36%
S&P 500 VIX	28.18	+11.57	+69.66%
Dollar Index	101.640	+0.214	+0.21%

Crude Oil WTI	91.44	+0.92	+1.02%
Brent Oil	99.65	+1.36	+1.38%
Natural Gas	2.983	+0.028	+0.95%
Gold	4,056.45	-57.05	-1.39%
Silver	51.490	-0.886	-1.69%
Copper	6.2210	+0.0090	+0.14%
US Soybeans	1,190.25	+0.50	+0.04%

U.S. 10Y	4.828	-0.002	-0.04%
U.S. 30Y	5.251	0.000	0.00%
U.S. 5Y	4.602	-0.006	-0.13%
U.S. 3M	4.100	+0.006	+0.15%
US 10Y T-Note	107.36	+0.03	+0.03%
Euro Bund	123.37	+0.21	+0.17%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	344.17	-5.34	-1.53%
NVIDIA	181.60	-18.53	-9.26%
Alphabet A	282.57	-6.36	-2.20%
Tesla	343.69	-41.50	-10.77%
Amazon.com	260.21	-5.82	-2.19%
Netflix	65.56	-0.83	-1.25%
Meta Platforms	605.08	-24.92	-3.96%

Forex Technical Analysis

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