Stoyan Mihaylov
DeltaStock.com
- EUR/USD
Current level - 1.1269
The intraday bias is negative after the reversal at 1.1380, but my outlook here is bullish above 1.1235, for a rise towards 1.1500 zone. Crucial on the downside is 1.1160.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.1380 | 1.1494 | 1.1494 | 1.1500 |
| Support | 1.1235 | 1.1160 | 1.0980 | 1.0770 |
__________
- USD/JPY
Current level - 112.45
The general downtrend is intact and the resistance at 113.20 should cap the upside, for another downswing towards 110.00 area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 113.20 | 113.20 | 113.20 | 115.96 |
| Support | 111.60 | 110.00 | 110.00 | 110.00 |
__________
GBP/USD
Current level - 1.4502
Yesterday's reversal at 1.4380 signals a positive intraday bias above 1.4450 minor support, but the overall outlook on the senior frames remains neutral. Key resistance is 1.4565.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4565 | 1.4670 | 1.4790 | 1.4950 |
| Support | 1.4380 | 1.4330 | 1.4330 | 1.4150 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | February 12 | BUY MKT | 1.1269 | 1.1200 | 1.1480 | --- |
| USD/JPY | February 12 | SELL MKT | 112.45 | 113.30 | 110.00 | --- |
| GBP/USD | February 12 | BUY MKT | 1.4502 | 1.4450 | 1.4670 | --- |
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
EUR/USD stays in tight channel above 1.0750
EUR/USD continues to fluctuate in a narrow band slightly above 1.0750 after posting small gains on Monday. Disappointing Factory Orders data from Germany limits the Euro's gains as investors keep a close eye on comments from central bankers.
GBP/USD retreats below 1.2550 as USD recovers
GBP/USD stays under modest bearish pressure and trades below 1.2550 in the European session on Tuesday. The cautious market stance helps the USD hold its ground and doesn't allow the pair to regain its traction. The Bank of England will announce policy decisions on Thursday.
Gold declines below $2,320 amid renewed US Dollar demand
Gold trades in negative territory below $2,320 as the souring mood allows the USD to find demand on Tuesday. Nevertheless, the benchmark 10-year US Treasury bond yield stays below 4.5% and helps XAU/USD limit its losses.
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.
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.