Forex Technical Analysis

By DeltastockMay 27, 2008 08:00PM ET

www.investing.com/analysis/technical/forex-technical-analysis-7197

Forex Technical Analysis

By Deltastock | May 27, 2008 08:00PM ET

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EUR/USD

Daily Analysis
28 May 2008
Current level-1.5748

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.

We think that the consolidation pattern from 1.5814 is already completed with yesterday's 1.5664 and the road to 1.5961 is clear. Intraday minor resistance can be found below 1.5818, but the overall bias is positive and we expect the pair to challenge 1.5889 and eventually 1.5961.

Today's strategy: Buy at 1.5742-48 with a stop below 1.5708 and target at 1.5811. Buy again on a break above 1.5818.

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
28 May 2008
Current level - 103.89

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
28 May 2008
Current level- 1.9814

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.

Although yesterday's slide below 1.9756 did not succeeded in reaching potential targets at 1.9633-67, we think that the downtrend from 1.9851 on the lower frames is already completed and an acceleration of the upmove lies ahead, aiming at 2.0025.
Today's strategy : Go long on a break above 1.9851 with a target at 2.0025. SL is to be determined on lower time-frames.

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%

Mar 18, 2026

ECB

2.15%

Feb 05, 2026

BOE

3.75%

Feb 05, 2026

SNB

0.00%

Mar 19, 2026

RBA

3.85%

Feb 03, 2026

BOC

2.25%

Mar 18, 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	49,491.3	-9.6	-0.02%
US 500	6,892.3	+9.6	+0.14%
Dow Jones	49,501.30	+260.31	+0.53%
S&P 500	6,882.72	-35.09	-0.51%
Nasdaq	22,904.58	-350.61	-1.51%
S&P 500 VIX	18.64	+0.64	+3.56%
Dollar Index	97.590	+0.060	+0.06%

Crude Oil WTI	63.88	-1.26	-1.93%
Brent Oil	68.13	-0.63	-0.92%
Natural Gas	3.439	-0.013	-0.38%
Gold	4,938.18	-12.62	-0.25%
Silver	82.153	-2.243	-2.66%
Copper	5.8278	-0.0992	-1.67%
US Soybeans	1,088.75	-3.25	-0.30%

U.S. 10Y	4.271	-0.007	-0.16%
U.S. 30Y	4.912	-0.003	-0.06%
U.S. 5Y	3.826	-0.007	-0.18%
U.S. 3M	3.694	+0.010	+0.27%
US 10Y T-Note	111.67	+0.06	+0.06%
Euro Bund	128.03	+0.05	+0.04%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	276.49	+7.01	+2.60%
NVIDIA	174.19	-6.15	-3.41%
Alphabet A	333.04	-6.67	-1.96%
Tesla	406.01	-15.95	-3.78%
Amazon.com	232.99	-5.63	-2.36%
Netflix	80.16	+0.22	+0.28%
Meta Platforms	668.99	-22.71	-3.28%

Forex Technical Analysis

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