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Daily Forex Technicals |
Written by DeltaStock Inc. |
Feb 22 12 11:06 GMT
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Forex Technical Analysis
EUR/USD
Current level - 1.3235
Still in the minor aside pattern below 1.3295 peaks and my outlook continues to be bullish while trading takes place above 1.3170 support, for a break through 1.3321, en route to 1.3450. A violation of the 1.3170 support will clearly state, that the prolonged consolidation below 1.3321 is still underway.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.3295 |
1.3321 |
1.3170 |
1.2975 |
| 1.3321 |
1.3540 |
1.2975 |
1.2624 |
Profit-taking affects gold curbing silver and platinum
USD/JPY
Current level - 80.15
The uptrend here remains intact with an initial support at 79.89 and crucial level, projected at 79.50. I continue to favor a reversal for a substantial slide towards 78.20 support area due to the significance of the 80.00 sentiment zone.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 80.53 |
80.00 |
79.89 |
78.20 |
| 81.46 |
81.46 |
79.50 |
75.56 |
GBP/USD
Current level - 1.5708
As yesterday's attempts for a break below 1.5630 failed and with the violation of the crucial 1.5770 a bottom has been confirmed at 1.5644 and the outlook here is bullish for 1.5930, en route to 1.6120. Initial support is projected at 1.5770 and minor resistance on the upside can be spotted at 1.5850-60.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.5860 |
1.6120 |
1.5570 |
1.5530 |
| 1.5930 |
1.6650 |
1.5630
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1.5390 |
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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.
