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    Forex Technical Analysis


    EUR/USD

    Current level – 10565

    My outlook is already bearish after the reversal at 1.0618, for a break through 1.0535 low, towards 1.0450 area.

    Profit-taking affects gold curbing silver and platinum

    Resistance Support
    intraday intraweek intraday intraweek
    1.0600 1.0705 1.0535 1.0500
    1.0630 1.0870 1.0450 1.0350

    USD/JPY

    Current level – 112.10

    The downtrend remains intact, for a tight test of 111.60 support area. The latter should provide a reliable bas for an upswing towards 114.95 zone. Initial intraday resistance lies at 112.53.

    Resistance Support
    intraday intraweek intraday intraweek
    112.53 118.65 111.60 111.40
    114.95 120.00 111.60 109.80

    GBP/USD

    Current level – 1.2425

    My outlook here is bearish, for a break through 1.2380 support, towards 1.2240 area. Key resistance lies at 1.2505.

    Resistance Support
    intraday intraweek intraday intraweek
    1.2505 1.2780 1.2380 1.2230
    1.2570 1.2780 1.2240 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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