Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.0573
Yesterday's failure at 1.0640 signals a negative outlook again, for a break on the downside, towards 1.0460 major low. Crucial resistance lies at 1.0640.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.0640 | 1.0750 | 1.0896 | 1.1100 |
| Support | 1.0557 | 1.0520 | 1.0520 | 1.0460 |
__________
- USD/JPY
Current level - 123.44
The intraday rise peaked at 123.65 resistance and currently the trading is in a consolidation mode above 123.05 minor support.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 123.65 | 124.70 | 124.70 | 125.90 |
| Support | 123.05 | 122.00 | 121.40 | 120.00 |
__________
GBP/USD
Current level - 1.4926
The recent slide through 1.4995 low signals renewal of the downtrend, heading towards 1.4850 area. Key resistance on the upside lies at 1.4995.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4995 | 1.5140 | 1.5360 | 1.5820 |
| Support | 1.4900 | 1.4850 | 1.4850 | 1.4730 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | December 3 | --- | --- | --- | --- | --- |
| USD/JPY | December 3 | --- | --- | --- | --- | --- |
| GBP/USD | December 3 | --- | --- | --- | --- | --- |
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
Editors’ Picks
AUD/USD: Uptrend remains capped by 0.6650
AUD/USD could not sustain the multi-session march north and faltered once again ahead of the 0.6650 region on the back of the strong rebound in the Greenback and the prevailing risk-off mood.
EUR/USD meets a tough barrier around 1.0800
The resurgence of the bid bias in the Greenback weighed on the risk-linked assets and motivated EUR/USD to retreat to the 1.0750 region after another failed attempt to retest the 1.0800 zone.
Gold eases toward $2,310 amid a better market mood
After falling to $2,310 in the early European session, Gold recovered to the $2,310 area in the second half of the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% and helps XAU/USD find support.
Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC
Bitcoin (BTC) price remains devoid of directional bias, trading sideways as part of a horizontal chop. However, this may be short-lived as BTC price action consolidates in a bullish reversal pattern on the one-day time frame.
What does stagflation mean for commodity prices?
What a difference a quarter makes. The Federal Reserve rang in 2024 with a bout of optimism that inflation was coming down to their 2% target. But that optimism has now evaporated as the reality of stickier-than-expected inflation becomes more evident.