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.
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FOREX TECHNICAL ANALYSIS
Deltastock Daily FX Analysis
EUR/USD
USD/JPY
GBP/USD
EUR/USD
EUR/USD
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February
12, 2010
Current
level-1.3615
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.
The sell-off from 1.3805 broke through 1.3676 and the pair has renewed
its downtrend for 1.3413. Intraday resistance comes at 1.3696.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.3696 |
1.4260 |
| 1.3850 |
1.5146 |
|
| intraday |
intraweek |
| 1.3585 |
1.3413 |
| 1.3512 |
1.30+ |
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USD/JPY
USD/JPY
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February
12, 2010
Current level - 90.24
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.
Still in the corrective uptrend from 88.55 and we hold on to our view,
that a reversal below 91.30 should be expected, for a sell-off towards
87.36. Trigger on the downside is 89.57.
|
resistance
|
support
|
| intraday |
intraweek |
| 90.60 |
93.40 |
| 91.30 |
95.60 |
|
| intraday |
intraweek |
| 89.57 |
87.36 |
| 88.54 |
79.60 |
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GBP/USD
GBP/USD
|
February
12, 2010
Current level- 1.5705
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.
Yesterday's test of 1.5560 failed and the pair still trades in the
consolidation pattern above 1.5535. Intraday bias is positive with a
support at 1.5660, but only a break below 1.5560 will renew the
downtrend towards 1.5352.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.5765 |
1.6459 |
| 1.5765 |
1.7042 |
|
| intraday |
intraweek |
| 1.5663 |
1.5352 |
| 1.5560 |
1.50+
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