• EUR/USD 


Current level - 1.1167

Forex Technical Analysis on EUR/USD


The spike to 1.1295 signals, that the corrective rebound above 1.1100 is already over and my outlook here is bearish below 1.1212 resistance, for a slide towards 1.1012 area.










Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.12121.12671.13301.1460
Support1.11001.10121.10861.0930

__________

  • USD/JPY

 

Current level - 120.29

Forex Technical Analysis on USD/JPY


Yesterday's low at 119.20 signals a reversal of the slide from 120.55 and my outlook is already bullish, for a break through 120.40, en route to 121.32 high. Initial intraday support is projected at 119.85.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 120.40121.32122.30123.70
Support 119.85119.20118.50116.15

__________

  • GBP/USD


Current level - 1.5228

Forex Technical Analysis on GBP/USD


My outlook here remains bearish, for a break through 1.5200lows, en route to 1.5080 support area. Crucial resistance lies at 1.5330.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.53301.54781.54781.5660
Support 1.52001.51701.51701.5080

__________












Trading Strategy
DATEORDERENTRYSLTP1TP2
EUR/USDSeptember 25SELL MKT1.11671.12201.1020---
USD/JPYSeptember 25BUY MKT120.29119.80121.20---
GBP/USDSeptember 25SELL MKT1.52281.53001.5098---

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

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD failed just ahead of the 200-day SMA

AUD/USD failed just ahead of the 200-day SMA

Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.

AUD/USD News

EUR/USD met some decent resistance above 1.0700

EUR/USD met some decent resistance above 1.0700

EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.

EUR/USD News

Gold stays firm amid higher US yields as traders await US GDP data

Gold stays firm amid higher US yields as traders await US GDP data

Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.

Gold News

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.

Read more

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.

Read more

Majors

Cryptocurrencies

Signatures