HomeContributorsTechnical AnalysisDaily Technical Analysis

Daily Technical Analysis

EUR/USD

Current level – 1.0814

1.0830 was formed as a strong resistance, which the pair has tested unsuccessfully several times in the past trading sessions. A new test is coming to this level today and, if left unbroken, the pair should head down to support at 1.0652. Should the 1.0830 break through, the euro will rise in value against the dollar and will move to the next resistance at 1.0965.

Resistance Support
intraday intraweek intraday intraweek
1.0830 1.1080 1.0750 1.0650
1.0965 1.1200 1.0650 1.0511

USD/JPY

Current level – 108.72

After the break of the resistance at 108.51, the pair continued its upward movement for a little while, but managed to reach only 109.36 and then entered a zone of consolidation. The forecast is for this consolidation to continue even with a possible break in the previous resistance, and already support – 108.51. The pair would head for a support test at the local bottom at 107.30.

Resistance Support
intraday intraweek intraday intraweek
109.90 111.35 108.50 105.10
110.50 113.70 107.30 103.60

GBP/USD

Current level – 1.2262

The pair appeared to exit the range 1.2480 – 1.2238, but the support test at 1.2162 in the first hours of today’s trading session was unsuccessful and it is possible for the pair to remain in a range again, although slightly wider than the previous one. The forecast is for a test of the upper limit of the range at 1.2480, followed by a resistance at 1.2535.

Resistance Support
intraday intraweek intraday intraweek
1.2280 1.2535 1.2100 1.1800
1.2480 1.2650 1.2000 1.1440

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.

Featured Analysis

Learn Forex Trading