• EUR/USD 

 

Current level - 1.1330

Forex Technical Analysis on EUR/USD


The outlook here remains positive above 1.1280 support area, for a rise towards 1.1390 key hurdle, en route to 1.1464 high.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.1390 1.1464 1.1494 1.1720
Support 1.1280 1.1216 1.1057 1.0820

 

 

 

 

 

 

 

 

 

__________

 

  • USD/JPY

 

Current level - 108.90

Forex Technical Analysis on USD/JPY

 

The massive sell-off after the second failure below 112.00 resistance signals a completion of the whole corrective rebound above 107.60 low. The bias is bearish, for a break through 108.50, towards 107.60, en route to 105.40 later on.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 109.90 110.60 112.00 113.80
Support 108.50 107.60 107.60 105.40

 

 

 

 

 

 

 

 

 

__________

 

  • GBP/USD

 

Current level - 1.4540

Forex Technical Analysis on GBP/USD


Despite yesterday's short-lived dip to 1.4470, the overall bias remains bullish, for a rise towards 1.4670, en route to 1.4785. Initial intraday support lies at 1.4514.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.4670 1.4785 1.670 1.4785
Support 1.4514 1.4400 1.4300 1.4000

 

 

 

 

 

 

 

 

 

__________


Trading Strategy
  DATE ORDER ENTRY SL TP1 TP2
EUR/USD April 28 BUY MKT 1.1330 1.1270 1.1450 ---
USD/JPY April 28 SELL MKT 108.90 109.60 107.70 ---
GBP/USD April 28 BUY MKT 1.4540 1.4500 1.4660 1.4770

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, Deltastock’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. Deltastock 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. Deltastock 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria, Reg. No. RG-03-01

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