Thu, Sep 23, 2021 @ 05:40 GMT
HomeContributorsTechnical AnalysisDaily Tecnical Analysis

Daily Tecnical Analysis


Current level – 1.1875

The currency pair continues to trade within the narrow range between the support at 1.1800 and the resistance at 1.1890. At the moment, the market has no clear direction and the bulls might try to take the trade to 1.1950. Their daily support will be the zone at 1.1844 and their first resistance remains 1.1890. It is likely that the market will need a catalyst before it starts moving in its future direction. This could be the announcement of the consumer price index for the United States today at 12:30 GMT.

Resistance Support
intraday intraweek intraday intraweek
1.1890 1.1950 1.1840 1.1750
1.1950 1.2130 1.1800 1.1716


Current level – 110.08

The Greenback continues to recover against the yen and, in the early hours of today, trading has reached the resistance zone at 110.40. Even if the bullish rally continues, the expectations are that the movement will be limited to the zone of 110.60-110.80. Bulls can expect their first support at around 110.08. A new test of the support at 109.50 can also be expected when the bearish pressure resumes.

Resistance Support
intraday intraweek intraday intraweek
110.40 111.03 110.08 109.00
110.80 111.61 109.53 108.50


Current level – 1.3905

The sterling is about to reverse the downtrend and a breach above the resistance of 1.3925 seems a likely scenario as the bears are noticeably losing strength, while the bulls are becoming more aggressive. It is possible that the market will briefly consolidate around the current levels before buyers try to breach 1.3925. The first support for them is the area between 1.3840-1.3860. The most substantial support remains 1.3750.

Resistance Support
intraday intraweek intraday intraweek
1.3925 1.4000 1.3860 1.3750
1.4000 1.4118 1.3795 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.

Featured Analysis

Learn Forex Trading

How to Develop a Trading Plan

Managing Greed in Forex Trading

How to Trade Forex for Beginners

Risk and Reward