TRENDING:

XAU/USD

Silver

EURUSD: The outlook is negative for test of the support level at 1.1710

Stoyan Mihaylov DeltaStock.com

EUR/USD Current level - 1.1766

The outlook is negative for test of the support level at 1.1736, after the unsuccessful breakthrough of the resistance level from yesterday at 1.1875.

resistance
intraday	intraweek
1.1808	1.2090
1.1875	1.2090

support
intraday	intraweek
1.1735	1.1690
1.1735	1.1550

resistance

intraday

intraweek

1.1808

1.2090

1.1875

1.2090

support

intraday

intraweek

1.1735

1.1690

1.1735

1.1550

USD/JPY Current level - 113.38

The forecast is positive for test of the support level at 113.90 after the successful breakthrough of the resistance level at 113.13.

resistance
intraday	intraweek
113.90	113.90
114.50	114.70

support
intraday	intraweek
111.95	109.50
109.50	107.30

resistance

intraday

intraweek

113.90

114.50

114.70

support

intraday

intraweek

111.95

109.50

107.30

GBP/USD Current level - 1.3502

The currency pair is before a test of the resistance level at 1.3550. If the breakthrough of that level is successful, the next resistance level will be at 1.3623. In negative direction the support is at 1.3370.

resistance
intraday	intraweek
1.3550	1.3460
1.3623	1.3660

support
intraday	intraweek
1.3370	1.3219
1.3219	1.3020

resistance

intraday

intraweek

1.3550

1.3460

1.3623

1.3660

support

intraday

intraweek

1.3370

1.3219

1.3020

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 loses ground below 1.1850 ahead of FOMC Minutes

The EUR/USD pair loses traction near 1.1840 during the early European session on Wednesday, pressured by renewed US Dollar demand. Traders brace for the Federal Open Market Committee Minutes for signals on future rate cuts, which will be released later on Wednesday.

When is the UK CPI data and how could it affect GBP/USD?

The United Kingdom Consumer Price Index data for January is scheduled to be published today at 07:00 GMT. GBP/USD trades slightly lower at around 1.3556 as of writing. The 20-period Exponential Moving Average trends lower at 1.3593 and continues to cap rebounds. Price holds beneath this gauge, maintaining a short-term bearish bias.

Gold: Is the $5,000 level back in sight?

Gold snaps a two-day downtrend, as recovery gathers traction toward $5,000 on Wednesday. The US Dollar recovers from the overnight sell-off as rebalancing trades resume ahead of Fed Minutes. The 38.2% Fib support holds on the daily chart for now. What does that mean for Gold?

Pi Network rally defies market pressure ahead of its first anniversary

Pi Network is trading above $0.1900 at press time on Wednesday, extending the weekly gains by nearly 8% so far. The steady recovery is supported by a short-term pause in mainnet migration, which reduces pressure on the PI token supply for Centralized Exchanges. The technical outlook focuses on the $0.1919 resistance as bullish momentum increases.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple face downside risk as bears regain control

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday, with the broader trend still sideways. BTC is edging below $68,000, nearing the lower consolidating boundary, while ETH and XRP also declined slightly, approaching their key supports.