Thu, Sep 23, 2021 @ 06:24 GMT
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Daily Tecnical Analysis


Current level – 1.1843

The bears remain in control as the EUR/USD is currently testing the important support level at 1.1846 yet again. A breach of the mentioned zone could lead to new losses for the euro against the dollar and could easily result in a deeper sell-off towards the lows from the end of March at around 1.1717. If the bulls enter the market, their first target can be found at 1.1904, but only a successful violation of the resistance at 1.1955 could lead to a change in the current market sentiments. Today, investors will focus on the data for the change in non-farm payrolls and unemployment (today; 12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1920 1.2090 1.1850 1.1760
1.1955 1.2130 1.1760 1.1690


Current level – 111.58

The Japanese yen continues to lose ground against the U.S. dollar and, during the early hours of today`s trading, the currency pair is trading just under the resistance level at 111.61. A successful breach will strengthen the positive expectations for the future path of the USD/JPY and will most likely lead the pair towards 112.20. If the bulls lose momentum and a corrective phase develops, the sell-off should be limited by the support at 111.01.

Resistance Support
intraday intraweek intraday intraweek
111.70 112.60 111.01 110.43
112.20 113.60 110.74 109.80


Current level – 1.3750

Yesterday’s test of the support zone at 1.3798 was successful and the sterling continued to lose ground against the greenback. If the pair stays below the mentioned level, the most likely scenario is for the pair to head towards the next support at 1.3655, which is coming from the higher time frames. Only a violation of the next zone at 1.3979 could lead towards a change in the current sentiment..

Resistance Support
intraday intraweek intraday intraweek
1.3798 1.4078 1.3700 1.3660
1.3870 1.4115 1.3660 1.3610

DeltaStock Inc.
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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