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Forex Technical Analysis


EUR/USD

Current level – 1.0721

My outlook here is negative, for a break through 1.0656 low towards 1.0580 area.

Profit-taking affects gold curbing silver and platinum

Resistance Support
intraday intraweek intraday intraweek
1.0740 1.0780 1.0660 1.0350
1.0780 1.0870 1.0580 1.0195

USD/JPY

Current level – 114.58

Today’s pullback should be considered corrective, before another leg upwards, to 116.70 area. Initial intraday support lies at 114.10.

Resistance Support
intraday intraweek intraday intraweek
115.65 118.65 114.10 111.40
116.70 120.00 112.56 111.40

GBP/USD

Current level – 1.2563

The bias is still negative, for a slide towards 1.2415 zone. Key hurdle lies at 1.2608.

Resistance Support
intraday intraweek intraday intraweek
1.2608 1.2780 1.2515 1.2230
1.2672 1.2780 1.2415 1.1984

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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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