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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10776

The pair failed to break below 1.0712 support and the uptrend has been renewed, reaching new local high at 1.0780. The overall bias remains bullish above 1.0745, for a test of 1.0828 peak. Crucial on the downside is 1.0704 low.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0828 1.0870 1.0745 1.0600
1.0870 1.0945 1.0704 1.0490

USD/JPY

Current level – 113.28

The bias is neutral within the tight range between 113.50 and 112.90, but a violation of the lower boundary will signal a bearish outlook for 111.60 static support.

Resistance Support
intraday intraweek intraday intraweek
113.50 115.65 112.90 111.60
114.50 118.65 111.60 110.30

GBP/USD

Current level – 1.2367

Yesterday’s unsuccessful attempt at 1.2250 led to a renewal of the upmove and current bias remains positive, for a test at 1.2400 resistance, towards 1.2570 area. Initial intraday support lies at 1.2300 and crucial on the downside is 1.2250.

Resistance Support
intraday intraweek intraday intraweek
1.2400 1.2400 1.2300 1.2107
1.2570 1.2570 1.2250 1.1984

DeltaStock Inc.
DeltaStock Inc.http://www.deltastock.com/
These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.

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