• EUR/USD 

Current level - 1.0830

Forex Technical Analysis on EUR/USD


The slide from 1.0969 is still intact, targeting 1.0770 support area. Crucial on the upside is 1.0875 high.










Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.08751.09701.10601.1310
Support1.07701.07101.06401.0513

__________

  • USD/JPY

 

Current level - 118.10

Forex Technical Analysis on USD/JPY


The outlook is positive above 118.00 support zone, for an attempt towards 118.80 resistance area. Crucial on the downside is 117.37 low.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 118.80120.20120.20122.30
Support 118.00117.37116.20116.20

__________

  • GBP/USD


Current level - 1.4437

Forex Technical Analysis on GBP/USD


Yesterday's slide has bottomed at 1.4350, but today's rebound should be considered corrective while 1.4500 resistance holds and the overall bias remains negative, for a slide towards 1.4240.










Key Market Levels
Minor Intraday Major Intraweek
Resistance 1.45001.46401.47901.4950
Support 1.43501.42401.42401.4000

__________












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

AUD/USD remains firm above 0.6600 ahead of RBA

AUD/USD remains firm above 0.6600 ahead of RBA

AUD/USD maintains its bullish bias well and sound on Monday, extending the multi-session recovery past the 0.6600 barrier ahead of the key interest rate decision by the RBA.

AUD/USD News

EUR/USD keeps the constructive tone near 1.0800

EUR/USD keeps the constructive tone near 1.0800

EUR/USD started the week in a positive note amidst the Dollar’s inconclusive price action, altogether motivating the pair to attempt a move to the proximity of the 1.0800 region, where the 200-day SMA also converges.

EUR/USD News

Gold holds on to modest gains around $2,320

Gold holds on to modest gains around $2,320

Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.

Gold News

Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list

Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list

Bitcoin (BTC) price recorded a rather bold two days this past weekend in a surge that saw millions in positions liquidated. However, the week is off to a calm start with altcoins sucking liquidity from the BTC market.

Read more

Stagflation warning: Service economy contracts as prices rise

Stagflation warning: Service economy contracts as prices rise

In another stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. The Institute for Supply Management's non-manufacturing PMI dropped to 49.4 in April, dipping from 51.4 in March. 

Read more

Majors

Cryptocurrencies

Signatures