Ivan Delgado
Independent Analyst
Simplified Supply Demand Table
The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY close. The levels will help trading decisions for intraday, swing and positions traders.
**RBR = Rally-base-rally
**RBD = Rally-base-drop
**DBD= Drop-base-drop
**DBR= Drop-base-rally
** Refer to footnote for further information on supply/demand analysis
Supply Demand Charts and Analysis
Below readers can graphically identify supply and demand areas registered in our daily supply/demand table above. A brief comment on the outlook has also been added.
1 - USD INDEX (watch LIVE chart)
As underscored in previous reports, risk is still skewed to the downside, with next target found at 80.50-80.80.
2 - EURO
Trend is up, an risk is for a test of 1.3390-1.3415 before sellers regain control.
3 - BRITISH POUND
Pair collapsed through demand, and unsurprisingly, that zone has become now a level of selling interest.
4 - JAPANESE YEN
After breaking through demand at 98.15-45, the Yen has found sellers on a retest of that area, suggesting that more downside might be expected.
5 - AUSTRALIAN DOLLAR
As predicted, when stating "risk increases for an eventual break lower from the present range", the Aussie deterioration has manifested. With new supply created just above 0.90 round number, chances are that the Aussie gets pounded further.
Good luck everyone!
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