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Technical Analysis Articles |
Written by DeltaStock Inc. |
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Currency Crosses Pairs Analysis
EUR/GBP
Current level - 0.8392
Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.
Intraday: reached the 50% retracement above 0.84 figure and keeping up with the bullish ST trend. Keep riding the trend until there is a first sign of reversal, such as a daily close below 0.8300.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 0,8410 |
0,8410 |
0,8330 |
0,8200 |
| 0,8450 |
0,8300 |
0,8300 |
0,8100 |
Profit-taking affects gold curbing silver and platinum
USD/CAD
Current level - 1.0337
Long term bias for the USD/CAD remains neutral, a solid base is now formed a around parity level.
Intraday: recently met the 61.8% in 1.0350 target. Resistance now in 1.0350 - 1.0400, look for a downtrend continuation to 1.0250 - 1.0200
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.0350 |
1.0690 |
1.0300 |
1,0000 |
| 1.0400 |
1.0700 |
1.0250 |
0.9900 |
GBP/JPY
Current level - 132.99
Long term bias remains bearish and breaking through the previous year lows keeps the bears in control of the pair.
Intraday: found resistance in 134.50. Favour the downside for a retest of 131.50/40 area. Well offered below 134.00.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 133.50 |
144.90 |
132.50 |
132.00 |
| 134.00 |
146.00 |
132.00 |
131.00 |
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