• EUR/USD 

Current level - 1.0903

Forex Technical Analysis on EUR/USD


The intraday bias is slightly bearish, with a risk of another slide towards 1.0830-40 support area. Crucial on the downside is 1.0800 low.










Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.09901.10601.10601.1310
Support1.08401.07101.06401.0513

__________

  • USD/JPY

 

Current level - 117.27

Forex Technical Analysis on USD/JPY


The downtrend has been renewed after the recent failure at 118.80, heading towards 116.20 target zone. Initial intraday resistance lies at 117.50, followed by the crucial 118.80.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 117.50118.80120.20122.30
Support 116.70116.20116.20116.20

__________

  • GBP/USD


Current level - 1.4532

Forex Technical Analysis on GBP/USD


The overall outlook remains negative, with an initial resistance at 1.4560 and crucial high at 1.4640.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.45601.46401.47901.4950
Support 1.44951.44101.45951.4240

__________












Trading Strategy
DATEORDERENTRYSLTP1TP2
EUR/USDJanuary 6SELL MKT1.07331.07901.0650---
USD/JPYJanuary 4SELL MKT118.99119.70118.10---
GBP/USDJanuary 6SELL MKT1.46521.47301.4580---

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 hold comfortably above 1.0750 as USD recovery loses steam

EUR/USD hold comfortably above 1.0750 as USD recovery loses steam

EUR/USD clings to small daily gains above 1.0750 in the early American session on Monday. In the absence of high-tier data releases, the US Dollar finds it difficult to gather recovery momentum and helps the pair hold its ground.

EUR/USD News

GBP/USD struggles to find direction, holds near 1.2550

GBP/USD struggles to find direction, holds near 1.2550

GBP/USD stays under modest bearish pressure and trades near 1.2550 on Tuesday. The neutral risk mood, as reflected by the mixed action seen in US stocks, doesn't allow the pair to make a decisive move in either direction. The Bank of England will announce policy decisions on Thursday.

GBP/USD News

Gold rebounds to $2,320 as US yields edge lower

Gold rebounds to $2,320 as US yields edge lower

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.

Gold News

Ripple lawsuit develops with SEC reply under seal, XRP holders await public redacted versions

Ripple lawsuit develops with SEC reply under seal, XRP holders await public redacted versions

Ripple lawsuit’s latest development is SEC filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8. 

Read more

The impact of economic indicators and global dynamics on the US Dollar

The impact of economic indicators and global dynamics on the US Dollar

Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory. 

Read more

Majors

Cryptocurrencies

Signatures