Currency Crosses Pairs Analysis
EUR/GBP
Current level-0.9073
Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Intraday: rejected at 0,9130 yesterday and again this morning at 0,9110 the pair is starting to make lower highs on shorter time frames. Today expect the pair to move in a range between 0,9060 - 0,9110.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 0,9110 |
0,9150 |
0,9060 |
0,8850 |
| 0,9150 |
0,9200 |
0,9000 |
0,8800 |
USD/CAD
Current level - 1.0224
Long term bias for the USD/CAD remains neutral, trapped in a wide range between 1,0250 and 1,0750. Critical level at 1,0200 support zone, if we break to the downside parity is more than probable.
Intraday: we saw a brief sign of recovery capped by 1,0320 resistance which remains key level. The big drop from resistance signals a retest of wednesdays lows at 1,0215.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 1.0325 |
1.0680 |
1.0215 |
1,0250 |
| 1.0370 |
1.0700 |
1.0200 |
1,0200 |
GBP/JPY
Current level- 136.81
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: the triangular pattern broke to the upside creating a bullish sentiment for the cross. Next challenge comes in at 137.40.
| Resistance |
Support |
| intraday |
intraweek |
intraday |
intraweek |
| 137.00 |
140.00 |
136.00 |
132.00 |
| 137.40 |
141.00 |
135.50 |
131.00 |
DeltaStock Inc. - Online Forex & Securities Broker
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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.
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