Deltastock Daily FX Analysis

[Deltastock]

October 11, 2010
Current level - 1.5953

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.

With 1.5920 resistance being broke in the last trading day of the week, the bias here is already bullish and we favor a direct rise towards 1.6270, en route to 1.6410. Initial support is seen at 1.5900, followed by he crucial area at 1.5820.

 

[Deltastock]

October 12, 2010
Current level - 1.3811

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The intraday bias is negative and although the pair still trades above 1.3795 support, we favor a downtrend towards 1.3640, en route to 1.3508. With the dynamic support at 1.3906 being broken already a confirmation that a major top is in place at 1.4030 is just around the corner. Crucial resistance on the upside is 1.3850 area as it guards the negative bias.

 

[Deltastock]

October 14, 2010
Current level - 1.4079

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Yesterday's minor consolidation below 1.3999 bottomed at 1.3911 and the uptrend was renewed, peaking at 1.4123. Current slide is to be considered corrective in nature and it should be limited above 1.4030-06 support, before next leg upwards to 1.4202 resistance area.

 

[Deltastock]

October 15, 2010
Current level - 1.6053

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.

The rise from 1.5805 has been corrected and with the current support at 1.5960 the pair is ready for a break above 1.6068, en route to 1.6272.

 

[Deltastock]

October 18, 2010
Current level - 1.3866

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Friday's sell-off broke below 1.4000 support, confirming that a top is in place at 1.4160. The bias is negative for 1.3770, en route to 1.3503. Initial resistance on the upside is 1.3920, followed by 1.40+.

 

[Deltastock]

October 19, 2010
Current level - 1.5832

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.

Yesterday's slide bottomed at 1.5837 and a minor correction followed, peaking at 1.5943, few pips below the important resistance at 1.5960. Now the downtrend is renewed, heading for a break below 1.5750 support, en route to 1.5503. Initial resistance is seen at 1.5872 and crucial on the upside is 1.5943.

 

[Deltastock]

October 20, 2010
Current level - 1.3820

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Current consolidation pattern is expected to be limited below 1.3830-50 resistance area, before next leg downwards, to 1.3508. Crucial is 1.39+.

 

[Deltastock]

October 21, 2010
Current level - 1.4042

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Yesterday's break above 1.3850 dynamic resistance marked a bottom at 1.3696 of the whole slide from 1.4160, so current bias is positive with initial support at 1.3983. We favor a reversal below 1.4089 for a downtrend towards 1.3508. Trigger on the downside is 1.3892.

 

[Deltastock]

October 27, 2010
Current level - 1.3821

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

The downtrend is intact, aiming at 1.3696, en route to 1.3508 main target. Crucial on the upside is 1.3880 resistance area.

 

[Deltastock]

October 29, 2010
Current level - 1.3852

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Although the pair managed to surpass 1.3890 resistance we are still on the bearish side and a sell-off is to be expected, towards 1.3733, en route to 1.3508 main target.

 

[Deltastock]

November 2, 2010
Current level - 1.3960

EUR/USD is in an uptrend, after bottoming at 1.1876 (June 7,2010). Technical indicators are ascending, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.

Still in the consolidation pattern below 1.4160 and the lack of trend dynamics brings a neutral attitude until one of the range boundaries are breached. The intraday bias is positive for 1.4012, en route to 1.4082 with a crucial level at 1.3914.

 

[Deltastock]

November 3, 2010
Current level - 1.6067

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.

Yesterday's slide to 1.5963 was a corrective one and the overall bias remains bullish for a break beyond 1.6107, en route to 1.6270. Crucial on the downside is still 1.5875 support area.

 

[Deltastock]

November 4, 2010
Current level - 1.4144

EUR/USD is in an uptrend, after bottoming at 1.1876 (June 7,2010). Technical indicators are ascending, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.

Yesterday's high at 1.4191 provoked a minor corrective phase, preceding next advance towards 1.4286, en route to 1.4490. The overall bias continues to be positive with an initial support at 1.4060, followed by the crucial 1.3990.

 

[Deltastock]

November 5, 2010
Current level - 1.6207

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.

Our target at 1.6270 has been filled and after peaking at 1.6299 the pair reversed, entering a larger corrective phase above 1.6145 dynamic support. The overall bias remains bullish for 1.6410, but the intraday dynamics is bearish with an initial resistance at 1.6236.

 

[oiltrader81]

Volatility in Euro Futures is quite low and I would not be surprised to see a strong depreciation of the euro against the dollar. there migh be a possibility for the euro to keep rising for a while before collapsing but i don't think european countries will welcome a further strengthening of their currency.

Have a look at my website. I post weekly volatility forecast for all the major markets

 

[Deltastock]

November 8, 2010
Current level - 1.3943

EUR/USD is in an uptrend, after bottoming at 1.1876 (June 7,2010). Technical indicators are ascending, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.

The sell-off from 1.4283 broke below 1.4060 major support and the downtrend is still intact with an initial resistance at 1.4000, followed by the crucial 1.4084. Current target is set at 1.3811-24 reversal area.

 

[Deltastock]

November 9, 2010
Current level - 1.6082

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.

Yesterday's resistance managed to hold and the bias remains negative for 1.6010 reversal area. Important resistance on the upside is 1.6170 and only a break above this level will state, that a bottom is in place.

 

[Deltastock]

November 12, 2010
Current level - 1.3643

EUR/USD is in an uptrend, after bottoming at 1.1876 (June 7,2010). Technical indicators are ascending, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.

The downtrend is intact and current rebound is expected to be a corrective one, limited below 1.3680-90 resistance area, before next leg downwards, to 1.3508. Crucial for the whole slide from 1.4283 is 1.3830.

 

[Deltastock]

November 15, 2010
Current level - 1.6090

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.

We feel, that the rebound above 1.5950 is the second part of the consolidation pattern below 1.6299, so a slide is to be expected, towards 1.5990, en route to 1.59+ before major reversal for 1.6410. Important resistance on the upside is 1.6180.

 

[Deltastock]

November 16, 2010
Current level - 1.6034

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.

Today's minimum at 1.6011 was a test of the dynamic support, projected from 1.5948 low and we expect further depreciation towards 1.5875. Crucial on the upside remains 1.6180 and minor intraday resistance is projected at 1.6080.