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
18, 2010
Current
level-1.3551
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.
Yesterday's slide below 1.3690 support has brought back the negative
bias on stage and the pair has renewed the overall downtrend towards
1.3061. Crucial from an intraday point of view is 1.3596, but on the
4h. chart important remains 1.3850 resistance area.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.3596 |
1.4032 |
| 1.3850 |
1.4580 |
|
| intraday |
intraweek |
| 1.3530 |
1.3413 |
| 1.3413 |
1.30+ |
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USD/JPY
USD/JPY
|
February
18, 2010
Current level - 90.85
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.
With the recent break above 91.30, a bottom has been confirmed at
88.56. Although the intraday bias is positive for 92.26 with an initial
support at 90.52, on the 4h. chart we are rather neutral on that pair.
|
resistance
|
support
|
| intraday |
intraweek |
| 91.30 |
93.40 |
| 92.26 |
95.60 |
|
| intraday |
intraweek |
| 90.56 |
87.36 |
| 89.70 |
79.60 |
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GBP/USD
GBP/USD
|
February
18, 2010
Current level- 1.5621
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 at 1.5833 resistance failed and the pair was reversed,
breaking below 1.5730 support. With current slide below 1.5626, the
bias here is negative again for 1.5352. Crucial on the lower frames is
1.5683.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.5683 |
1.6459 |
| 1.5833 |
1.7042 |
|
| intraday |
intraweek |
| 1.5535 |
1.5352 |
| 1.5460 |
1.50+
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Sat |
Sun |
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