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Daily Forex Technicals |
Written by DeltaStock Inc. |
Jul 30 10 09:28 GMT
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Currency Crosses Pairs Analysis
EUR/GBP
Current level - 0.8348
Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.
Intraday: Still finding support at the 30 MA, a push above 0.84 is required to keep the bullish bias. Staying sidelined until we get a clear direction.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 0,8400 |
0,8410 |
0,8320 |
0,8200 |
| 0,8500 |
0,8300 |
0,8300 |
0,8100 |
Profit-taking affects gold curbing silver and platinum
USD/CAD
Current level - 1.0342
Long term bias for the USD/CAD remains neutral, a solid base is now formed a around parity level.
Intraday: narrowing range between 1.0300 and 1.0390 zone. The Daily triangle warns a breakout favouring the downside.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.0390 |
1.0690 |
1.0300 |
1,0000 |
| 1.0450 |
1.0700 |
1.0250 |
0.9900 |
GBP/JPY
Current level - 134.89
Long term bias remains bearish and breaking through the previous year lows keeps the bears in control of the pair.
Intraday: continued retrace below 135.80 support led to a sell off targeting 134 handle at first instance. Probably remaining range bound after the false upward breakout.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 135.00 |
144.90 |
134.20 |
132.00 |
| 135.80 |
146.00 |
133.00 |
131.00 |
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About the Author
DeltaStock Inc. - Online Forex & Securities Broker
RISK DISCLAIMER: 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.
