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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10709

Despite the positive bias, my outlook is counter-trend, for a break through 1.0620 crucial support, towards 1.0490 lows. 

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0710 1.0710 1.0620 1.0450
1.0828 1.0870 1.0493 1.0350

USD/JPY

Current level – 114.53

The recent reversal at 115.50 led to a corrective slide and the intraday bias is negative, for a possible test above 114.10 support zone. Initial intraday resistance lies at 114.95 and a break through the latter will signal a renewal of the general upmove, towards 115.65 area. 

Resistance Support
intraday intraweek intraday intraweek
114.95 118.65 114.10 114.10
115.65 120.00 114.10 113.37

GBP/USD

Current level – 1.2210

The intraday bias is positive above 1.2185 minor support, with a risk of an intraday rise towards 1.2300 major hurdle. A break through 1.2185 will signal a slid towards 1.2080 zone.

Resistance Support
intraday intraweek intraday intraweek
1.2220 1.2570 1.2130 1.2080
1.2300 1.2705 1.2080 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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