Ivan Delgado
Independent Analyst
Simplified Supply Demand Table
The table below includes updated supply/demand levels on the major currency pairs. The table is updated on a daily basis after the NY close. The levels will help trading decisions for intraday, swing and positions traders.
**RBR = Rally-base-rally
**RBD = Rally-base-drop
**DBD= Drop-base-drop
**DBR= Drop-base-rally
** Refer to footnote for further information on supply/demand analysis
Supply Demand Charts and Analysis
Below readers can graphically identify supply and demand areas registered in our daily supply/demand table above. A brief comment on the outlook has also been added.
1 - USD INDEX (watch LIVE chart)
The index is consolidating recent losses with room to move either side depending on market catalysts.
2 - EURO
Consolidation within context of a short term uptrend suggests risk is still for a test of 1.3390-1.3415 before sellers regain control.
3 - BRITISH POUND
Pair has started to pick up steam again. Any potential upside resumption sees room to run until 1.5485-1.5530 while on the downside, any setback can also lead to fast falls.
4 - JAPANESE YEN
There is a congestion area around 98.00 which needs to be clear for the Yen to continues its advance.
5 - AUSTRALIAN DOLLAR
The pair continues to be a clear sell on rallies.
Good luck everyone!
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