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
2, 2010
Current
level-1.3922
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 break above 1.3920 signals, that the pair has entered a larger
corrective phase ans will target 1.40+ sentiment level, before drowning
to 1.3740 support.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.3990 |
1.4260 |
| 1.4260 |
1.5146 |
|
| intraday |
intraweek |
| 1.3852 |
1.3740 |
| 1.3740 |
1.30+ |
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USD/JPY
USD/JPY
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February
2, 2010
Current level - 90.56
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.
We saw on more test in the 90.90 resistance area and the pair is still
struggling below that zone. Only a break below 89.79 will initiate a
downtrend for 88.36, en route to 87.35. The intraday bias is positive,
well supported at 90.45.
|
resistance
|
support
|
| intraday |
intraweek |
| 90.90 |
93.40 |
| 91.90 |
95.60 |
|
| intraday |
intraweek |
| 90.45 |
87.36 |
| 89.78 |
79.60 |
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GBP/USD
GBP/USD
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February
2, 2010
Current level- 1.5920
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 pair has entered a larger consolidation pattern in the
1.5833-1.6070 zone. Intraday expect 1.5880 to support the pair for a
rise towards 1.6050.
|
resistance
|
support
|
| intraday |
intraweek |
| 1.5980 |
1.6410 |
| 1.6070 |
1.7042 |
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| intraday |
intraweek |
| 1.5880 |
1.5833 |
| 1.5833 |
1.5352
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Tue |
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Thu |
Fri |
Sat |
Sun |
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