• EUR/USD 

 

 

Current level - 1.1290

Forex Technical Analysis on EUR/USD


The consolidation pattern above 1.1235 is still underway and there is still a risk of a short-lived intraday spike to 1.1340 resistance before drowning towards 1.1143 area.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.1340 1.1494 1.1494 1.1720
Support 1.1235 1.1143 1.1057 1.0820

 

 

 

 

 

 

 

 

 

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  • USD/JPY

 

Current level - 108.32

Forex Technical Analysis on USD/JPY

The sell-off from 109.75 has been reversed above 107.60 support and the intraday outlook is already positive, for a rise towards 109.00 area.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 108.40 109.00 110.00 111.05
Support 107.66 106.50 107.66 105.40

 

 

 

 

 

 

 

 

 

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  • GBP/USD

 

Current level - 1.4173

Forex Technical Analysis on GBP/USD


A consolidation pattern is underway above 1.4090 low and there is an intraday risk of a rise towards 1.4280 before another drowning towards 1.4000.


Key Market Levels
  Minor Intraday Major Intraweek
Resistance 1.4280 1.4458 1.4513 1.4670
Support 1.4090 1.4000 1.4000 1.3824

 

 

 

 

 

 

 

 

 

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Trading Strategy
  DATE ORDER ENTRY SL TP1 TP2
EUR/USD April 18 SELL LMT 1.1320 1.1370 1.1150 ---
USD/JPY April 18 BUY MKT 108.32 108.00 108.90 ---
GBP/USD April 18 BUY MKT 1.4171 1.4120 1.4270 ---

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

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