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
15, 2010
Current
level-1.3606
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.
Friday's sell-off bottomed at 1.3528 and current rebound is corrective
in nature, preceding next slide to 1.3413. Important resistance area on
the upside is 1.3698 and crucial for the downtrend on the 4h. chart
remains 1.3850.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.3698 |
1.4260 |
| 1.3850 |
1.5146 |
|
| intraday |
intraweek |
| 1.3528 |
1.3413 |
| 1.3413 |
1.30+ |
|
USD/JPY
USD/JPY
|
February
15, 2010
Current level - 90.09
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.
There is no change in the consolidation mode here and the pair
continues its corrective uptrend. Crucial support is 89.57 and a break
below that level will signal, that the expected downtrend towards 87.36
is already on the run.
|
resistance
|
support
|
| intraday |
intraweek |
| 90.60 |
93.40 |
| 91.30 |
95.60 |
|
| intraday |
intraweek |
| 89.57 |
87.36 |
| 88.54 |
79.60 |
|
GBP/USD
GBP/USD
|
February
15, 2010
Current level- 1.5681
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.
Friday's test of the dynamic support around 1.5580 failed and the pair
remains in the consolidation pattern above 1.5531. The overall bias is
still negative, pointing to 1.5352 main support, but from an intraday
point of view there is a minor uptrend, aiming at 1.5721 dynamic
resistance.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.5721 |
1.6459 |
| 1.5833 |
1.7042 |
|
| intraday |
intraweek |
| 1.5650 |
1.5352 |
| 1.5560 |
1.50+
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Fri |
Sat |
Sun |
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