• EUR/USD 


Current level - 1.1318

Forex Technical Analysis on EUR/USD


The bias is still negative, for a break through 1.1305 low, en route to 1.1210. Key resistance on the upside remains projected at 1.1390.










Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.13901.14941.15651.1720
Support1.13051.12101.10121.0930

__________

  • USD/JPY

 

Current level - 119.79

Forex Technical Analysis on USD/JPY


A minor reversal has been confirmed at 120.08 and the intraday bias is bearish, for a corrective slide towards 119.20 support zone.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 120.50121.30121.30122.30
Support 119.20118.70117.50116.15

__________

  • GBP/USD


Current level - 1.5434

Forex Technical Analysis on GBP/USD


The pair is still in the consolidation pattern between 1.5385 and 1.5510 and only a clear break through the former will signal, that a sell-off towards 1.5200 is underway.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.55101.56601.56601.5820
Support 1.53851.53851.53001.5200

__________












Trading Strategy
DATEORDERENTRYSLTP1TP2
EUR/USDOctober 16SELL MKT1.13741.14301.1220---
USD/JPYOctober 16BUY MKT119.13118.50120.30---
GBP/USDOctober 16SELL MKT1.54641.55201.5320---

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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