Stoyan Mihaylov, a Financial Analyst at Deltastock, has an eight-year background
as a senior FX Dealer, trading spot and outright forwards. Since May 2006, Stoyan
has been providing daily, weekly and mid-term analyses on the Foreign Exchange Market.
He has also been reading lectures on FX Fundamental and Technical Analyses in major
Bulgarian Universities. Stoyan Mihaylov has graduated MBA in the University of Economics
– Varna, Bulgaria.
|
FOREX TECHNICAL ANALYSIS
Deltastock Daily FX Analysis
EUR/USD
USD/JPY
GBP/USD
EUR/USD
EUR/USD
|
February
1, 2010
Current
level-1.3890
EUR/USD
is in a downtrend, after peaking at 1.5146 (Nov.25,2009).
Technical indicators are neutral, and trading is situated below the
50-
and 200-Day SMA, currently projected at 1.4793 and 1.4169.
A minor consolidation unfolds above 1.3851 low and we expect it to be
limited below 1.3920, before next, probably the final leg of the
downtrend since 1.4190. Current target remains 1.3740 support area and
crucial on the upside is 1.3990.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.3920 |
1.4260 |
| 1.3990 |
1.5146 |
|
| intraday |
intraweek |
| 1.3852 |
1.3740 |
| 1.3740 |
1.30+ |
|
USD/JPY
USD/JPY
|
February
1, 2010
Current level - 90.39
The overall downtrend has been renewed with the recent break below
87.12. Trading is situated below the 50- and 200-day SMA,
currently projected at 89.50 and 93.54.
As expected, the pair reversed its direction at 90.90 resistance and
now is ready for a break below 89.57, which will confirm, that the
focus is set on 88.30.
|
resistance
|
support
|
| intraday |
intraweek |
| 90.90 |
93.40 |
| 91.90 |
95.60 |
|
| intraday |
intraweek |
| 89.60 |
87.36 |
| 89.12 |
79.60 |
|
GBP/USD
GBP/USD
|
February
1, 2010
Current level- 1.5952
The pair is in a downtrend after peaking at 1.7042. Trading is
situated between the 50- and 200-day SMA, currently
projected at 1.6454 and 1.5258.
The downtrend from 1.6277 is intact and is targeting 1.5880 dynamic
support on the daily frame. Crucial on the upside is 1.5980.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.5980 |
1.6410 |
| 1.6070 |
1.7042 |
|
| intraday |
intraweek |
| 1.5880 |
1.5833 |
| 1.5833 |
1.5352
|
|
|
|
|
| Mon |
Tue |
Wed |
Thu |
Fri |
Sat |
Sun |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
English
Français
Español
中文
Русский
日本語
Romana
Български
European Union Regulated Broker © 1999-2010 DELTASTOCK AD - Sofia 1000, 6 Stefan Stambolov Blvd., phone +359 2 811 50 50, +359 700 18 180;