Cross Currency Pairs
3rd
September ,
2010
Current level - 0.8312
Longer term bias switched to bearish now that the cross has breached
key support in 0.8400 area.
Intraday: we didn't get the follow through in the breakout we expected
to conside a change of direction. Staying bearish unless we see this
weeks close above 0.8350 level.
| resistance |
| intraday |
intraweek |
| 0.8347 |
0.8300 |
| 0.8400 |
0.8410 |
|
| support |
| intraday |
intraweek |
| 0.8300 |
0.8100 |
| 0.8233 |
0.8000 |
|
3rd
September,
2010
Current level - 1.0543
Long term bias for the USD/CAD remains neutral, a solid base is now
formed a around parity level.
Intraday: trading on the lower band of the
range 1.0470 - 1.0650 and finding solid resistance in
1.0550/60 level. Short below 1.0470 to target the 200 MA and
trendline support at 1.0400.
| resistance |
| intraday |
intraweek |
| 1.0550 |
1.0690 |
| 1.0600 |
1.0750 |
|
| support |
| intraday |
intraweek |
| 1.0500 |
1.0000 |
| 1.0470 |
0.9900 |
|
3rd
September,
2010
Current level - 129.93
Long term bias remains bearish and
breaking through the previous year
lows keeps the bears in control of the pair.
Intraday: confined in a tighter range between 128.80
- 131.00. Warns a breakout to the donwside whilst staying below
131.00.
| resistance |
| intraday |
intraweek |
| 130.00 |
134.40 |
| 131.00 |
137.80 |
|
| support |
| intraday |
intraweek |
| 129.10 |
131.00 |
| 128.80 |
130.00 |
|
César Leiceaga has been an independent trader for the past five years. Even though he pursued
a degree in Advertising and Public Relations, soon realized that this career choice
did not fulfill his personal goals and consequently decided to develop his skills
as a trader. Since César started trading has dealt with Stocks, Futures, CFD's and
Currencies. For the past two years he has been an employee at a Proprietary Trading
Company in Madrid, trading fixed income futures mainly based on spreads such as
Eurodollars vs. 10 year Bond futures. Recently he has joined Deltastock’s office
in Spain as technical analyst.
European Union Regulated Broker © 1999-2010 DELTASTOCK AD - Sofia 1000, 6 Stefan Stambolov Blvd., phone +359 2 811 50 50, +359 700 18 180; office@deltastock.com;
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