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Forex Technical Analysis


EUR/USD

Current level – 10604

Yesterday’s low at 1.0520 signals a reversal of the downtrend from 1.0828 and the outlook is positive, for a rise towards 1.0705, en route to the mentioned peak. Minor intraday support lies at 1.0580.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0705 1.0710 1.0580 1.0500
1.0828 1.0870 1.0520 1.0350

USD/JPY

Current level – 113.98

A reversal has been confirmed at 115.00 and the intraday bias is bearish, for slide towards 112.50. Initial intraday hurdle lies at 113.25.

Resistance Support
intraday intraweek intraday intraweek
115.00 118.65 113.25 111.40
115.65 120.00 112.50 109.80

GBP/USD

Current level – 1.2470

The recent low at 1.2380 signals a finale of the pattern below 1.2580 and my outlook is positive, for a rise towards 1.2610.

Resistance Support
intraday intraweek intraday intraweek
1.2550 1.2780 1.2380 1.2230
1.2610 1.2780 1.2346 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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