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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10792

The outlook is bearish after the recent violation of 1.0828 support, for a slide towards 1.0700 area. Crucial on the upside is 1.0870 high.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0828 1.0945 1.0760 1.0710
1.0904 1.1010 1.0710 1.0600

USD/JPY

Current level – 111.13

The second attempt downwards failed as well and after the violation of 110.70 resistance, the bias is already positive, for a rise towards 112.26 zone. Initial static support is projected at 110.70.

Resistance Support
intraday intraweek intraday intraweek
111.45 113.50 110.70 109.75
112.26 115.65 110.10 107.80

GBP/USD

Current level – 1.2405

Yesterday’s break through 1.2530 support signals a reversal at 1.2619 and the outlook is bearish below 1.2470, for a slide towards 1.2335, en route to 1.2230.

Resistance Support
intraday intraweek intraday intraweek
1.2470 1.2619 1.2335 1.2107
1.2619 1.2705 1.2230 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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