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Forex Technical Analysis


EUR/USD

Current level – 10855

Yesterday’s peak at 1.0904 was followed by a minor reversal and the intraday bias is slightly negative, for a tight test of 1.0820 support area. The latter is still a base for another leg upwards, to 1.0940. Crucial on the downside is 1.0760 and only a violation of that low will signal a major reversal and a bearish bias for 1.0600.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0870 1.0940 1.0828 1.0712
1.0940 1.1010 1.0760 1.0600

USD/JPY

Current level – 110.64

Despite yesterday’s rebound above 111.09, the outlook remains bearish below 110.70, for another attempt towards 109.75. Crucial on the upside is 111.45.

Resistance Support
intraday intraweek intraday intraweek
110.75 113.50 109.75 109.75
111.45 115.65 108.50 107.80

GBP/USD

Current level – 1.2547

Current pullback below 1.2620 resistance should be considered corrective, preceding an advance towards 1.2650 area. Intraday support leis at 1.2530 and crucial on the downside is 1.2470.

Resistance Support
intraday intraweek intraday intraweek
1.2570 1.2570 1.2470 1.2107
1.2620 1.2705 1.2335 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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