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Forex Technical Analysis

DeltaStock Inc.
By DeltaStock Inc.

EUR/USD

Current level – 10627

The slide from 1.0712 is complete and the intraday bias is slightly positive above 1.0600, with a risk of a tight test at 1.0660 resistance. My outlook on the senior frames is bearish below 1.0660, for a break through 1.0600, towards 1.0450. Crucial on the upside is 1.0712 high.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0660 1.0710 1.0600 1.0450
1.0710 1.0870 1.0493 1.0350

USD/JPY

Current level – 114.72

My outlook here is bullish above 114.50, for an upswing towards 115.70. Crucial on the downside is 114.10 area.

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 – 1.2219

The recent reversal at 1.2107 signals a positive bias, for a violation of 1.2250, towards 1.2300 area. Key intraday support lies at 1.2170.

Resistance Support
intraday intraweek intraday intraweek
1.2250 1.2570 1.2170 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.

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