• EUR/USD 

 

Current level - 1.1447

Forex Technical Analysis on EUR/USD


My outlook here is positive, for a break through 1.1500, en route to 1.1720 area. Crucial on the downside is 1.1370 intraday low and a violation of that level will show, that the consolidation pattern is still underway.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.1494 1.1494 1.1494 1.1720
Support 1.1370 1.1300 1.1057 1.0820

 

 

 

 

 

 

 

 

 

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  • USD/JPY

 

Current level - 108.17

Forex Technical Analysis on USD/JPY

The intraday bias is neutral within the tight range between 107.60 and 108.40, but the outlook on the senior frames remains bearish, for a slide towards 105.40. Key resistance lies around 109.00.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 108.40 109.00 110.00 111.05
Support 107.66 106.50 107.66 105.40

 

 

 

 

 

 

 

 

 

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  • GBP/USD

 

Current level - 1.4304

Forex Technical Analysis on GBP/USD


Yesterday's break through 1.4180 resistance signals a positive bias, for further rise through 1.4320, en route to 1.4458 high. Key intraday support is projected at 1.4180.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.4320 1.4458 1.4513 1.4670
Support 1.4180 1.4050 1.4000 1.3824

 

 

 

 

 

 

 

 

 

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Trading Strategy
  DATE ORDER ENTRY SL TP1 TP2
EUR/USD April 12 BUY STP 1.1500 1.1400 1.1700 ---
USD/JPY April 8 SELL LMT 109.20 110.00 106.00 ---
GBP/USD April 12 BUY MKT 1.4304 1.4170 1.4500 ---

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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