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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10676

The downtrend is intact, heading towards 1.0600 static support, en route to 1.0490 lows. Initial intraday resistance lies at 1.0712 and crucial on the upside is 1.0770.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0712 1.0904 1.0600 1.0600
1.0828 1.1010 1.0490 1.0490

USD/JPY

Current level – 111.80

The pair broke through 111.45 resistance and reached a local peak below 112.26 hurdle. My outlook remains bullish above 111.45, for a rise towards 112.90. Crucial on the downside is 111.00.

Resistance Support
intraday intraweek intraday intraweek
112.26 113.50 111.45 109.75
112.90 115.65 111.00 107.80

GBP/USD

Current level – 1.2454

The rebound above 1.2376 is corrective and the overall outlook remains bearish below 1.2530, for a slide towards 1.2240 area.

Resistance Support
intraday intraweek intraday intraweek
1.2530 1.2619 1.2400 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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