TRENDING:

XAU/USD

Silver

EUR/USD: A break through 1.0700 will target 1.0570 low

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.0716

Yesterday's "double top"formation at 1.0777 signals a reversal and the intraday outlook is bearish, for a break through 1.0700 static support, towards 1.0570 low. Crucial resistance lies at 1.0740.

resistance
intraday	intraweek
1.0740	1.0828
1.0828	1.0904

support
intraday	intraweek
1.0700	1.0600
1.0600	1.0490

resistance

intraday

intraweek

1.0740

1.0828

1.0904

support

intraday

intraweek

1.0700

1.0600

1.0490

USD/JPY Current level - 109.26

My intraday outlook is positive above 109.09, for a rise towards 110.10. Crucial on the downside is 108.70.

resistance
intraday	intraweek
109.40	113.50
110.10	115.65

support
intraday	intraweek
109.09	107.80
108.70	105.80

resistance

intraday

intraweek

109.40

113.50

110.10

115.65

support

intraday

intraweek

109.09

107.80

108.70

105.80

GBP/USD Current level - 1.2808

Still in the consolidation pattern below 1.2904 peak and the intraday outlook is rather bearish, for a break through 1.2770, towards 1.2705 area.

resistance
intraday	intraweek
1.2904	1.3000
1.3000	1.3500

support
intraday	intraweek
1.2770	1.2610
1.2705	1.2510

resistance

intraday

intraweek

1.2904

1.3000

1.3500

support

intraday

intraweek

1.2770

1.2610

1.2705

1.2510

Author

Stoyan Mihaylov

DeltaStock.com

Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.