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Forex Technical Analysis


EUR/USD

Current level – 1.0662

The recent break through 1.0710 confirms the reversal below 1.0780 and my outlook remains negative, for a slide towards 1.0580. Initial intraday resistance lies at 1.0710.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0710 1.0780 1.0625 1.0350
1.0780 1.0870 1.0580 1.0195

USD/JPY

Current level – 115.24

My outlook here remains bullish, for a break through 115.65 hurdle, towards 116.70 area. Initial intraday support lies at 114.80, followed by 114.10.

Resistance Support
intraday intraweek intraday intraweek
114.10 118.65 112.56 111.40
115.65 120.00 111.40 111.40

GBP/USD

Current level – 1.2546

Yesterday’s slide has confirmed a reversal at 1.2672 and my outlook is negative, for a sell-off towards 1.2415 area. Initial intraday resistance lies at 1.2608.

Resistance Support
intraday intraweek intraday intraweek
1.2608 1.2780 1.2540 1.2230
1.2672 1.2780 1.2415 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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