• EUR/USD 


Current level - 1.1116

Forex Technical Analysis on EUR/USD


Yesterday's extreme volatility led to a massive rise after 1.0820 low, all the way up to 1.1216 intraday peak. Current pullback should be considered corrective and the outlook is bullish above 1.1067 support, for another leg upwards, to 1.1375.










Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.11551.12161.12161.1375
Support1.10671.09101.08201.0770

__________

  • USD/JPY

 

Current level - 113.77

Forex Technical Analysis on USD/JPY


My outlook here is counter-trend, for a reversal of the rise and slide towards 112.22 support, en route to 111.00 area.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 113.80114.54115.17115.96
Support 113.30112.22111.00110.00

__________

  • GBP/USD


Current level - 1.4259

Forex Technical Analysis on GBP/USD


The bias here is bullish above 1.4238 minor support, for a rise towards 1.4400 area. Crucial on the downside is 1.4115 low.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.43161.44001.44001.4790
Support 1.42381.41101.40201.3824

__________












Trading Strategy
DATEORDERENTRYSLTP1TP2
EUR/USDMarch 11BUY LMT1.11101.10201.1350---
USD/JPYMarch 11SELL MKT113.77114.60111.20---
GBP/USDMarch 11BUY MKT1.42591.41901.4400---

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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