Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.1087
The pair is still trying to break through 1.1067 support and if successful, will challenge 1..0990 area. Key resistance on the upside is 1.1135 and a break there will expose 1.1217 peak.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.1135 | 1.1216 | 1.1216 | 1.1375 |
| Support | 1.1067 | 1.0910 | 1.0820 | 1.0770 |
__________
- USD/JPY
Current level - 113.59
Yesterday's reversal at 112.60 signals a positive bias, for a break through 114.13 high, en route to 115.17 resistance area. Initial support lies at 113.30.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 114.13 | 114.54 | 115.17 | 115.96 |
| Support | 113.30 | 112.22 | 111.00 | 110.00 |
__________
GBP/USD
Current level - 1.4118
The overall outlook remains bearish, for a slide towards 1.4020 support zone. Initial intraday resistance lies at 1.4137, followed by the key area at 1.4250.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4250 | 1.4316 | 1.4400 | 1.4790 |
| Support | 1.4080 | 1.4020 | 1.4020 | 1.3824 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | March 16 | --- | --- | --- | --- | --- |
| USD/JPY | March 16 | --- | --- | --- | --- | --- |
| GBP/USD | March 16 | --- | --- | --- | --- | --- |
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
GBP/USD stays weak near 1.2400 after UK Retail Sales data
GBP/USD stays vulnerable near 1.2400 early Friday, sitting at five-month troughs. The UK Retail Sales data came in mixed and added to the weakness in the pair. Risk-aversion on the Middle East escalation keeps the pair on the back foot.
EUR/USD extends its downside below 1.0650 on hawkish Fed remarks
The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday. The hawkish comments from Federal Reserve officials provide some support to the US Dollar.
Gold: Middle East war fears spark fresh XAU/USD rally, will it sustain?
Gold price is trading close to $2,400 early Friday, reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row.
Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’
Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.
Israel vs. Iran: Fear of escalation grips risk markets
Recent reports of an Israeli aerial bombardment targeting a key nuclear facility in central Isfahan have sparked a significant shift out of risk assets and into safe-haven investments.