• EUR/USD 

 

 

Current level - 1.1268

Forex Technical Analysis on EUR/USD


The pair is still struggling below 1.1280 intraday resistance and a break through the latter will challenge 1.1390 crucial high. Key support on the downside lies at 1.1215.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.1280 1.1390 1.1494 1.1720
Support 1.1215 1.1143 1.1057 1.0820

 

 

 

 

 

 

 

 

 

__________

 

  • USD/JPY

 

Current level - 110.80

Forex Technical Analysis on USD/JPY

The intraday outlook remains negative, for a break through 110.60, en route to 109.90 support zone. Crucial on the upside is 111.35 hurdle.


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 - 1.4498

Forex Technical Analysis on GBP/USD


The outlook here is bullish, for a break through 1.4514 high, en route to 1.4670 resistance. Initial intraday support lies at 1.4450 and crucial on the downside on the senior frames is 1.4300 area


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.4514 1.4670 1.4513 1.4670
Support 1.4450 1.4300 1.4300 1.4000

 

 

 

 

 

 

 

 

 

__________


Trading Strategy
  DATE ORDER ENTRY SL TP1 TP2
EUR/USD April 26 --- --- --- --- ---
USD/JPY April 26 SELL MKT 110.80 111.10 109.95 ---
GBP/USD April 26 BUY MKT 1.4498 1.4660 1.4400 ---

 

 

 

 

 

 

 

 

 

 

 


 

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

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD retreats to 1.0750, eyes on Fedspeak

EUR/USD stays under modest bearish pressure and trades at around 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.

EUR/USD News

GBP/USD remains on the defensive around 1.2500 ahead of BoE

GBP/USD remains on the defensive around 1.2500 ahead of BoE

The constructive tone in the Greenback maintains the risk complex under pressure on Wednesday, motivating GBP/USD to add to Tuesday's losses and gyrate around the 1.2500 zone prior to the upcoming BoE's interest rate decision.

GBP/USD News

Gold flirts with $2,320 as USD demand losses steam

Gold flirts with $2,320 as USD demand losses steam

Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.

Gold News

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51

Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version. 

Read more

Softer growth, cooler inflation and rate cuts remain on the horizon

Softer growth, cooler inflation and rate cuts remain on the horizon

Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.

Read more

Majors

Cryptocurrencies

Signatures