Forex Technical Analysis

By DeltastockMay 26, 2008 08:00PM ET

www.investing.com/analysis/technical/forex-technical-analysis-7151

Forex Technical Analysis

By Deltastock | May 26, 2008 08:00PM ET

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EUR/USD

Daily Analysis
27 May 2008
Current level-1.5756

The pair has built a local bottom at 1.5283 and has advanced well beyond 1.5571. Technical indicators are rising  and divergent. The 50- day SMA is currently projected at 1.5631.


After last week's peak at 1.5814 the pair reversed , beginning a downtrend, that has already tested the 1.5683 support. That support is intact for now and could be tested once again. The overall bias is still positive and on the higher frames the uptrend is still on the run, targeting 1.5961. From an intraday point of view a  clear downtrend develops from the recent peak at 1.5818, aiming at 1.5683-96.

Today's strategy: Stand aside.

Resistance
Support
intraday intraweek
1.5814 1.5961
1.5861 1.60-sentiment
intraday intraweek
1.5683 1.5395
1.5629 1.5283

USD/JPY

Daily Analysis
27 May 2008
Current level - 103.86

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 102.36. 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.

As expected the pair rebounded from 102.68 support zone, reaching high at 104.38. We think, that this sharp rise from 102.73 is probably the last wave before breaking below 102.68. Yesterday's 103.25 is a reliable trigger for a sell-off beyond 102.68.

Today' strategy: Stand aside.

Resistance
Support
intraday intraweek
104.68 106.34
105.44 108.31
intraday intraweek
103.01 100.82
102.68 95.75

GBP/USD

Daily Analysis
27 May 2008
Current level- 1.9763

The downtrend from the 2.0397 local top  has reached a low at 1.9374. Technical indicators are reversed on the 4 h. chart and the trading is situated below the 50- and 200-day SMA, currently projected at 1.9819 and 2.0044.


As expected, the pair has accelerated its upward movement and reached local top at 1.9850. Obviously that level appeared to be a significant obstacle and if the pair slides below 1.9756 it will automatically aim at 1.9618-33.

Today's strategy : Go short on a break below 1.9756 with a target at 1.9667 and risk-limit above 1.9791.

Resistance
Support
intraday intraweek
1.9851 1.9961
----- 2.0192
intraday intraweek
1.9756 1.9338
1.9633 1.9196

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

3.75%

Jan 26, 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%

Jan 23, 2026

CBR

16.00%

Feb 13, 2026

RBI

5.25%

Feb 06, 2026

PBOC

3.00%

BCB

15.00%

Jan 29, 2026

US 30	49,007.8	-376.2	-0.76%
US 500	6,901.6	-11.8	-0.17%
Dow Jones	49,098.71	-285.30	-0.58%
S&P 500	6,915.61	+2.26	+0.03%
Nasdaq	23,501.24	+65.22	+0.28%
S&P 500 VIX	16.09	+0.45	+2.88%
Dollar Index	97.400	-0.770	-0.78%

Crude Oil WTI	61.07	+1.71	+2.88%
Brent Oil	65.07	+1.82	+2.84%
Natural Gas	3.609	+0.230	+4.56%
Gold	5,017.00	+66.30	+1.35%
Silver	101.333	+4.961	+5.15%
Copper	5.9475	+0.1685	+2.92%
US Soybeans	1,067.75	+3.75	+0.35%

U.S. 10Y	4.239	-0.012	-0.28%
U.S. 30Y	4.832	-0.017	-0.35%
U.S. 5Y	3.837	-0.012	-0.31%
U.S. 3M	3.674	-0.001	-0.03%
US 10Y T-Note	111.67	+0.08	+0.07%
Euro Bund	127.60	-0.16	-0.13%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	248.04	-0.31	-0.12%
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Alphabet A	327.93	-2.61	-0.79%
Tesla	449.06	-0.30	-0.07%
Amazon.com	239.16	+4.82	+2.06%
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Meta Platforms	658.76	+11.13	+1.72%

Forex Technical Analysis

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