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
4, 2010
Current
level-1.3851
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 pair reversed at 1.4029 and current bias is negative for 1.3740
main target. Crucial is 1.3895.
|
resistance
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support
|
| intraday |
intraweek |
| 1.3895 |
1.4260 |
| 1.4027 |
1.5146 |
|
| intraday |
intraweek |
| 1.3830 |
1.3740 |
| 1.3740 |
1.30+ |
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USD/JPY
USD/JPY
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February
4, 2010
Current level - 91.02
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 break above 90.90 the bias here is positive for 91.90-92.04.
Intraday range will meet support around 90.67.
|
resistance
|
support
|
| intraday |
intraweek |
| 91.24 |
93.40 |
| 91.90 |
95.60 |
|
| intraday |
intraweek |
| 90.67 |
87.36 |
| 89.78 |
79.60 |
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GBP/USD
GBP/USD
|
February
4, 2010
Current level- 1.5879
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.
With the recent reversal at 1.6070, the consolidation above 1.5850 was
confirmed to be complete, so the bias is negative for 1.5706. Crucial
on the upside is 1.5919.
|
resistance
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support
|
| intraday |
intraweek |
| 1.5919 |
1.6459 |
| 1.6070 |
1.7042 |
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| intraday |
intraweek |
| 1.5850 |
1.5706 |
| 1.5706 |
1.5352
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Sat |
Sun |
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