Stoyan Mihaylov
DeltaStock.com
-
EUR/USD
Current level - 1.1366
The break through 1.1390 has neutralized the uptrend from 1.1324 and the current intraday bias is negative, for a slide towards 1.1300 area.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.1440 | 1.1494 | 1.1494 | 1.1494 |
| Support | 1.1300 | 1.1235 | 1.1057 | 1.0820 |
__________
- USD/JPY
Current level - 108.75
A minor bottom has been registered at 107.66 and a corrective pattern is underway, preceding another slide towards 105.40 zone. Initial intraday support lies at 108.50 and resistance is projected at 109.35.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 109.35 | 110.00 | 114.54 | 115.17 |
| Support | 108.50 | 107.20 | 108.40 | 105.40 |
__________
-
GBP/USD
Current level - 1.4068
The intraday bias is neutral, as the pair is caught in the 1.4180-1.4000 range. Minor intraday resistance lies at 1.4110.
| Minor | Intraday | Major | Intraweek | |
| Resistance | 1.4180 | 1.4300 | 1.4513 | 1.4670 |
| Support | 1.4050 | 1.4000 | 1.4000 | 1.3824 |
__________
| DATE | ORDER | ENTRY | SL | TP1 | TP2 | |
| EUR/USD | March 31 | BUY MKT | 1.1333 | 1.1280 | 1.1490 | --- |
| USD/JPY | April 8 | SELL LMT | 109.20 | 110.00 | 106.00 | --- |
| GBP/USD | March 31 | BUY MKT | 1.4340 | 1.4280 | 1.4650 | --- |
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 rises toward 1.0800 on USD weakness
EUR/USD trades in positive territory above 1.0750 in the second half of the day on Monday. The US Dollar struggles to find demand as investors reassess the Fed's rate outlook following Friday's disappointing labor market data.
GBP/USD closes in on 1.2600 as risk mood improves
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the improvement seen in risk mood make it difficult for the US Dollar to gather strength.
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.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Three fundamentals for the week: Two central bank decisions and one sensitive US Premium
The Reserve Bank of Australia is set to strike a more hawkish tone, reversing its dovish shift. Policymakers at the Bank of England may open the door to a rate cut in June.