• EUR/USD 

Current level - 1.1277

Forex Technical Analysis on EUR/USD


The outlook is still negative, for a violation of 1.1235 support zone, en route to 1.1143 lows. Minor intraday resistance lies at 1.1310.

 


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.1310 1.1494 1.1494 1.1720
Support 1.1235 1.1143 1.1057 1.0820

 

 

 

 

 

 

 

 

 

__________

 

  • USD/JPY

 

Current level - 110.36

Forex Technical Analysis on USD/JPY

Yesterday's corrective pattern led to a break through 109.90 high and the bias is still positive, for an attack towards 111.00 resistance. Initial intraday support lies at 109.90.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 111.00 112.00 111.00 113.80
Support 109.90 109.25 107.60 105.40

 

 

 

 

 

 

 

 

 

__________

 

 

  • GBP/USD

 

Current level - 1.4344

Forex Technical Analysis on GBP/USD


The intraday bias is bearish, for a break through 1.4300, towards 1.4240 zone. Initial intraday resistance lies at 1.4370.

 


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.4370 1.4458 1.4513 1.4670
Support 1.4300 1.4240 1.4000 1.3824

 

 

 

 

 

 

 

 

 

__________

 


Trading Strategy
  DATE ORDER ENTRY SL TP1 TP2
EUR/USD April 22 SELL MKT 1.1277 1.1320 1.1150 ---
USD/JPY April 22 --- --- --- --- ---
GBP/USD April 22 --- --- --- --- ---

 

 

 

 

 

 

 

 

 

 

 


 

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


Recommended Content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Geopolitics once again take centre stage, as UK Retail Sales wither

Geopolitics once again take centre stage, as UK Retail Sales wither

Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.

Read more

Majors

Cryptocurrencies

Signatures