Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.1377
The uptrend has reached a new high at 1.1412, but there is a minor reversal at that peak, revealing a risk of a dip towards 1.1230.crucial support is projected at 1.1330.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.1412 | 1.1460 | 1.1460 | 1.1565 |
| Support | 1.1330 | 1.1230 | 1.1012 | 1.0930 |
__________
- USD/JPY
Current level - 119.61
Current slide from 120.34 is heading for another test of the lower boundary of the prolonged range at 119.50. Initial intraday resistance lies at 119.80, followed bu the crucial high at 120.07.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 119.80 | 120.50 | 121.30 | 122.30 |
| Support | 119.50 | 118.67 | 118.67 | 116.15 |
__________
GBP/USD
Current level - 1.5248
The last test of 1.5380 resistance failed as well and the bias here is negative, for a dive towards 1.5175, en route to 1.5110. Key intraday resistance lies at 1.5300.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.5300 | 1.5380 | 1.5478 | 1.5660 |
| Support | 1.5175 | 1.5110 | 1.5080 | 1.4850 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | October 13 | SELL MKT | 1.1377 | 1.1420 | 1.1230 | 1.1030 |
| USD/JPY | October 13 | --- | --- | --- | --- | --- |
| GBP/USD | October 13 | SELL MKT | 1.5248 | 1.5330 | 1.5120 | 1.5000 |
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
Editors’ Picks
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
EUR/USD mired near 1.0730 after choppy Thursday market session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.