Sun, Oct 17, 2021 @ 03:41 GMT
HomeContributorsTechnical AnalysisDaily Technical Analysis

Daily Technical Analysis


Current level – 1.1763

Despite the expectations for a test of the resistance zone of 1.1847, the bears managed to prevail and have successfully broken through the support zone of 1.1774. At the time of writing, the currency pair is consolidating just below the mentioned level, and the mood is rather negative – for a test of the next more significant support area at 1.1731. The announcement of the consumer price index data for the euro area (today; 08:00 GMT) could affect market volatility.

Resistance Support
intraday intraweek intraday intraweek
1.1774 1.1847 1.1731 1.1662
1.1800 1.1900 1.1700 1.1600


Current level – 109.85

The sell-off was successfully limited to the support zone of 109.18, after which the bulls entered the market and managed to breach the resistance zone of 109.67. This laid the foundations for an upward move, which will aim to reach and test the zone of the next significant resistance area of 110.20, which is also the upper boundary of the narrow range between 109.18 – 110.20. Investors will look forward to the interest rate decision of the Central Bank of Japan scheduled for next week, although no changes are expected at the moment.

Resistance Support
intraday intraweek intraday intraweek
110.20 110.67 109.67 109.18
110.40 111.00 109.50 108.50


Current level – 1.3785

After the minor rise during the past session and the false breach of 1.3826, the bears entered the market and led the currency pair to the support level of 1.3785. At the time of writing the analysis, sentiments are rather negative – for a deepening of the sell-off towards the next significant support area of 1.3732. The data on retail sales sans autos for the UK (today; 06:00 GMT) could affect the volatility of the currency pair.

Resistance Support
intraday intraweek intraday intraweek
1.3785 1.3890 1.3732 1.3677
1.3826 1.4000 1.3732 1.3600

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