Deltastock Daily FX Analysis

[Deltastock]

July 05, 2012 - USD/JPY Current level - 80.03


Hold over 79.50 gives reason to expect a new test of 80.60 and 81.45. Downward movement can be expected in case of crossing the trendline near 79.20.

 

[Deltastock]

July 06, 2012 - GBP/USD Current level - 1.5524


Resistance at 1.5700-1.5730 was vital for the movement of the currency pair. We expect to test the intraday support at 1.5500.

 

[Deltastock]

July 09, 2012 - EUR/USD Current level - 1.2279

The break of the support at 1.2280 gives attitude for bearish movement to 1.2150.

 

[Deltastock]

July 10, 2012 - USD/JPY Current level - 79.50

As far as the price action remains above 79.50, it will be reasonable to expect a new test of 80.60 and 81.45. Downward movement could be anticipated should USD/JPY break below the trendline and hold at levels below 79.20.

 

[Deltastock]

July 11, 2012 - GBP/USD Current level - 1.5514

The pair is in a downtrend after the unsuccessfull test of 1.57. A break below the support level 1.5450 would increase pressure to test 1.5270.

 

[Deltastock]

July 12, 2012 - EUR/USD Current level - 1.2236

The currency pair EUR/USD continues its downward trend and we expect to test 1.2150. Only eventual break above 1.2406 could change negative attitudes.

 

[Deltastock]

July 13, 2012 - EUR/USD Current level - 1.2206

The currency pair EUR/USD continues its downward trend and we expect to test 1.2167. Only eventual break above 1.2406 could change negative attitudes.

 

[Deltastock]

July 16, 2012 - USD/JPY Current level - 79.11


It has already been a third range-bound week for USD/JPY with the price action stuck between 79.10 and 80. Currently, the currency pair is at the bottom levels of the range, and it closed below the 50-day MA, now located at 79.47, for a second consecutive day on Friday last week. This gives us a reason to believe that USD/JPY is on its way for a test of the 200-day MA at 79.02. Should this level be breached, the pair is anticipated to continue its downward movement to the 78.60 support level. In case the 79.02 level of support remain intact, the pair would head north to 80.

 

[Deltastock]

July 17, 2012 - USD/JPY Current level - 78.85

The nearest term bias is to downside after the break of the 79.00 support level. Longer term we prefer a bullish scenario testing 83.00 level.

 

[Deltastock]

July 18, 2012 - GBP/USD Current level - 1.5654


The pair had a bullish momentum on Monday but is still holding below the 1.5650 resistance. We expect a test of the 1.5450 price zone.

 

[Deltastock]

July 19, 2012 - EUR/USD Current level - 1.2287

The EUR/USD corrected higher. The bias is neutral in short term but our outlook is still bearish for a test of 1.20.

 

[Deltastock]

July 20, 2012 - GBP/USD Current level - 1.5704

A test of the 1.5750-75 zone is possible in the near term. After that a bearish move toward 1.56 is expected.

 

[Deltastock]

July 23, 2012 - EUR/USD Current level - 1.2132

The couple moved permanently below the critical level of 1.2161 and new target is 1.2000, then 1.1880. Rise above 1.2161 and retention can give conditions for test of 1.2220.

 

[Deltastock]

July 24, 2012 - USD/JPY Current level - 78.24

Short-term bias is to the downside after the break of 79.00. In the long term, however, we expect a bullish scenario: a test of the 83.00 resistance level.

 

[Deltastock]

July 25, 2012 - GBP/USD Current level - 1.5503

We expect downward movement towards 1.5392. Rise above 1.5650 may lead to a test of the 1.5730 resistance level.

 

[Deltastock]

July 26, 2012 - EUR/USD Current level - 1.2139

The current bias is for another test of the critical level of 1.2161 and if unsuccessful the new target will be 1.2000 followed by 1.1880. Potential rise above 1.2161 might result in a test of 1.2220.

 

[Deltastock]

July 27, 2012 - GBP/USD Current level - 1.5675

We expect downward movement towards the 1.54 zone of support. Rise above 1.5730 may lead to increases in currency pair.

 

[Deltastock]

July 30, 2012 - EUR/USD Current level - 1.2395

The larger frames keep signaling a downtrend as fluctuations from the last days drew a consolidation zone around 1.2270-1.2330. A strong signal for trend reversal would be a break trough the dynamic resistance zone of 1.2400.

 

[Deltastock]

July 31, 2012 - GBP/USD Current level - 1.5720

We expect downward movement towards the 1.54 zone of support. Consolidation above 1.5730 may lead to testing the next resistance at 1.5766. A trend reversal signal would be a break through the 1.5766 level.

 

[Deltastock]

August 01, 2012 - EUR/USD Current level - 1.2294

The bias on the larger frames is for the bear market to continue for another test of 1.2040. Only a daily close above 1.24 would signal a change in the current trend.