Forex Technical Analysis

By DeltastockMay 08, 2008 08:00PM ET

www.investing.com/analysis/technical/forex-technical-analysis-6852

Forex Technical Analysis

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

Saved. See Saved Items.

This article has already been saved in your Saved Items

EUR/USD

Daily Analysis
09 May 2008
Current level-1.5442

The pair is in a downtrend from the short-term top at 1.6019. Technical indicators on the 4 h. chart are falling convergent. After breaking below the 1.5361 support next important level is projected at 1.4966-1.50+ sentiment level.

The corrective construction from 1.5361 has resulted in renewing the downtrend, reaching low at 1.5283. Unfortunately there is no a reliable support all the way down to 1.50+, so the expected reversal will be confirmed only above 1.5601 resistance. The rebound from the recent 1.5283 seems to be a corrective one, so after reaching an intraday high we will expect one more dip downwards to 1.5221 for finalizing the whole slide since 1.6017. Inttraday bias is positive, targeting 1.5507-26, where a reversal should be expected for a break below 1.5393 and a slide towards 1.5221. Hold on to the longs for 1.5507 with a tight stop/reverse at 1.5393 for 1.5283.

resistance

support

intraday	intraweek
1.5527	1.5807
1.5601	1.60-sentiment

intraday	intraweek
1.5283	1.50+
1.5221	1.4467

---------------------

USD/JPY

Daily Analysis
09 May 2008
Current level - 103.56

The pair is in a corrective uptrend from the 95.75 short-term bottom. Technical indicators are rising slowly and the upmove is dynamically supported at 104.03. The inner structure of the rise is by all means a corrective one, so from a larger point of view the overall downtrend from 124.14 is not over yet.

We still expect a downtrend to emerge, for a break below the 99.86 dynamic support, en route to 95.75. Nevertheless the uptrend on the lower time-frames is still intact, so only below 100.82 will be confirmed, that the outlook is totally bearish for 95.75.

Tuesday's high at 105.59 has the potential to become a significant top , but confirmation will come below 100.82. Intraday we will expect acceleration of the downtrend with targets around the 102.68 support zone.

resistance

support

intraday	intraweek
105.36	106.34
105.68	108.31

intraday	intraweek
103.21	100.82
102.68	95.75

---------------------

GBP/USD

Daily Analysis
09 May 2008
Current level- 1.9534

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 1.9741 and the 200-day SMA, at 1.9925.

After last week's break below 1.9782 crucial support it became clear, that the bigger corrective construction from the 2.0397 top is not yet finalized and new bottom below the 1.9599 low is to be expected. This doesn't change much our short-term view (for one more leg upwards to 2.0397 and 2.0531), but has postponed our expectations for a forthcoming test of the 2.0196 resistance zone.

Nothing more than a retest of the already broken dynamic support at 1.9638 is what happened yesterday, after the BoE interest rate announcement, so the final dip to 1.9431 can not be ruled out yet. We will establish shorts with tight stop at 1.9571 and a target at 1.9446. If stop is taken out will wait for the first reaction from the 1.9647-53 resistance.

resistance

support

intraday	intraweek
1.9573	1.9961
1.9648	2.0192

intraday	intraweek
1.9501	1.9421
1.9463	1.9338

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

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

3.75%

Jan 28, 2026

ECB

2.15%

Feb 05, 2026

BOE

3.75%

Feb 05, 2026

SNB

0.00%

Mar 19, 2026

RBA

3.60%

Feb 03, 2026

BOC

2.25%

Jan 28, 2026

RBNZ

2.25%

Feb 18, 2026

BOJ

0.75%

Mar 19, 2026

CBR

16.00%

Feb 13, 2026

RBI

5.25%

Feb 06, 2026

PBOC

3.00%

BCB

15.00%

Jan 29, 2026

US 30	48,956.8	-58.7	-0.12%
US 500	6,979.8	+1.8	+0.03%
Dow Jones	49,015.60	+12.19	+0.02%
S&P 500	6,978.03	-0.57	-0.01%
Nasdaq	23,857.45	+40.35	+0.17%
S&P 500 VIX	16.35	0.00	0.00%
Dollar Index	95.980	-0.294	-0.31%

Crude Oil WTI	64.05	+0.84	+1.33%
Brent Oil	68.13	+0.76	+1.13%
Natural Gas	3.803	+0.090	+2.42%
Gold	5,562.00	+221.80	+4.15%
Silver	117.610	+4.076	+3.59%
Copper	6.1903	+0.1940	+3.24%
US Soybeans	1,076.50	+1.75	+0.16%

U.S. 10Y	4.251	0.000	0.00%
U.S. 30Y	4.868	+0.009	+0.19%
U.S. 5Y	3.830	-0.012	-0.31%
U.S. 3M	3.686	+0.010	+0.27%
US 10Y T-Note	111.69	+0.05	+0.04%
Euro Bund	127.97	-0.06	-0.05%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	256.44	-1.83	-0.71%
NVIDIA	191.52	+3.00	+1.59%
Alphabet A	336.01	+1.46	+0.44%
Tesla	431.46	+0.56	+0.13%
Amazon.com	243.01	-1.67	-0.68%
Netflix	84.64	-0.94	-1.10%
Meta Platforms	668.73	-4.24	-0.63%

Forex Technical Analysis

Related Articles