Deltastock Daily FX Analysis

[Deltastock]

April 27, 2011
Current level - 1.4667

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

The overall bias continues to be positive for 1.4830-60 dynamic resistance with an intraday support at 1.4650. Crucial on the downside is 1.4490 daily low.

 

[Deltastock]

April 28, 2011
Current level - 1.6713

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.

Yesterday's rise filled my target at 1.6750 and currently a consolidation pattern is underway, aiming at 1.6640 support. The bias on the larger frames is still bullish, so current slide is to be considered corrective before next advance towards 1.6860.

 

[Deltastock]

April 29, 2011
Current level - 1.4836

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

As expected, the pair has entered a larger consolidation pattern below 1.4882 and still manages to hold few pips above 1.4760 support. The overall outlook remains positive for 1.4960 and the intraday bias is neutral in the 1.4770-4855 range.

 

[Deltastock]

May 3, 2011
Current level - 1.4791

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Yesterday's high at 1.4902 marks the final of the uptrend from 1.4157 and current bias is negative for a break through 1.4760 low, towards 1.4520 support area. Minor support is projected at 1.4630.

 

[Deltastock]

May 5, 2011
Current level - 1.6526
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.

Current range between 1.6427 and 1.6580 precedes next slide towards 1.6309, en route to 1.6170. The intraday bias is neutral with an important support at 1.6580. Crucial for the bearish outlook is 1.6645.

 

[Deltastock]

May 9, 2011
Current level - 1.4387

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Last week's brutal sell-off filled my target at 1.4520 and after a brief consolidation the pair reached a new low at 1.4307. The overall bias remains negative, for 1.4157, en route to 1.4020 with an initial resistance at 1.4490-4510 and crucial level at 1.4590.

 

[Deltastock]

May 10, 2011
Current level - 1.4367

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Yesterday's brief consolidation peaked at 1.4442 and the downtrend was renewed, bottoming at 1.4253. Current intraday bias is positive, for a break through 1.4377 minor resistance, towards 1.4500 area.

 

[Deltastock]

May 11, 2011
Current level - 1.4401

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

The pair is still in the consolidation pattern above 1.4253 and further appreciation is to be expected, through 1.4424 intraday high, towards 1.4500 resistance area. Initial support on the downside is projected at 1.4318.

 

[Deltastock]

May 12, 2011
Current level - 1.4192

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

Yesterday's slide below 1.4270 confirms, that the corrective pattern above 1.4253 is already over and the downtrend is renewed towards 1.4020 support area. The intraday bias is also negative, with an initial resistance at 1.4250-60 and aims for a break through 1.4157 low on the daily chart.

 

[Deltastock]

May 13, 2011
Current level - 1.4265

EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.

A bottom has been set at 1.4121, marking the end of the sell-off from 1.4424. The overall downtrend remains intact with a crucial level at 1.4424 and we favor a reversal for 1.4120, en route to 1.4020. The intraday bias is positive with a risk limit at 1.4214.

 

[Deltastock]

May 16, 2011
Current level - 1.4137

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Friday's sell-off reached a local low at 1.4046, which was a test of 1.4020 support area. Current rebound above 1.4020 is corrective in nature and is expected to be limited below 1.4190 before next leg downwards, to 1.3730. Important intraday resistance is projected at 1.4190 and crucial for the overall downtrend is 1.4339. Initial intraday support comes at 1.4113.

 

[Deltastock]

May 17, 2011
Current level - 1.4149

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Yesterday's break above 1.4190 has neutralized the negative bias and i think the pair is entering a larger consolidation pattern above 1.4020 support, for 1.4500 resistance area. Intraday expect a break through 1.4242, towards 1.4339 resistance.

 

[Deltastock]

May 18, 2011
Current level - 1.4260

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Yesterday's low at 1.4119 marked the final of the corrective pattern below 1.4242 and the bias is positive for a break through 1.4339 resistance, towards 1.4440. Initial support is projected at 1.4238 and crucial on the downside is 1.4119.

 

[Deltastock]

May 23, 2011
Current level - 1.4023

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

As expected, the pair reversed its direction, marking the end of the prolonged corrective pattern above 1.4046 low, and with the recent break below 1.4206 the overall downtrend is renewed towards 1.3730, en route to 1.3420. Initial resistance on the upside is 1.4120 area and crucial for the downtrend from 1.4346 reversal is 1.4230. The intraday bias is also extremely negative for 1.3910 and is capped below 1.4059.

 

[Deltastock]

May 24, 2011
Current level - 1.4084

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Monday's sell-off reached a local low at 1.3969 and current rebound above that level is corrective in nature, preceding next wave downwards, toward 1.3845, en route to 1.3730 main target. The intraday bias is positive and I expect it to be limited below 1.4120-40 resistance area before reversal and sell-off for 1.3845.

 

[Deltastock]

May 25, 2011
Current level - 1.6160

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.

The intraday bias is positive and I expect a break above 1.6180 to result in an uptrend towards 1.6310 resistance area. Crucial on the downside is 1.6116.

 

[Deltastock]

May 30, 2011
Current level - 1.4285

EUR/USD is in a downtrend after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Friday's test of 1.4190 failed and the pair renewed its uptrend, reaching a local high at 1.4333 in an attempt to test 1.4346 resistance area. Current slide below 1.4333 is corrective in nature, preceding next leg upwards, to 1.4500 resistance.

 

[Deltastock]

June 6, 2011
Current level - 1.4650

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

Friday's break above 1.4500 resistance area initiated a fast uptrend to 1.4657 and the overall bias remains bullish for 1.4750 with major support above 1.4500. The intraday bias is negative, for a break through 1.4621 in an attempt for a larger consolidation above 1.4550 before next leg upwards.

 

[Deltastock]

June 7, 2011
Current level - 1.6398

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.

Yesterday's slide below 1.6360 support area signals, that probably the whole rise above 1.6284 is corrective in nature, so I favor an intraday rise towards 1.6480, followed by a reversal for 1.6205. Initial minor support is 1.6379.

 

[Deltastock]

June 14, 2011
Current level - 1.4446

EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.

The sell-off from 1.4650 has filled my target at 1.4330 and currently the bias is bullish for a test of 1.4550 resistance area. Crucial on the lower, intraday frames is 1.4378.