Thu, Apr 25, 2024 @ 03:56 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisForex Technical Analysis

Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10644

The intraday outlook is bearish, for a test and break through 1.0620 support, towards 1.0490 lows. Key resistance lies at 1.0680.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0680 1.0710 1.0620 1.0450
1.0710 1.0870 1.0493 1.0350

USD/JPY

Current level – 114.98

Yesterday’s slide completes the corrective pattern below 115.50 and my outlook is bullish, for a rise towards 115.70 resistance area. The latter should be the final leg of the whole rebound above 111.60 lows.

Resistance Support
intraday intraweek intraday intraweek
114.95 118.65 114.10 114.10
115.65 120.00 114.10 113.37

GBP/USD

Current level – 1.2164

The recent break through 1.2185 signals a negative bias, for a slide towards 1.2080, en route to 1.2000 sentiment zone. Crucial on the upside is 1.2250 high.

Resistance Support
intraday intraweek intraday intraweek
1.2185 1.2570 1.2080 1.2080
1.2300 1.2705 1.2000 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.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.