Deltastock Daily FX Analysis
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Deltastock
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Hi Pat494,
The snapshots of the charts are mostly on 1h. time frame, rarely on 30 min. or 2h if I need more or less candles to visualize my trading outlook. The analysis itself is on patterns/set-ups found on 1-2h. frame, but the static/dynamic resistance and support levels could be derived also from higher frames - 4h and daily (e.g. current 1.3225 support comes from 4h and 1.3300 resistance is from daily frame). I usually don't pay attention to Weekly or Monthly, as things are changing really slow there.
Best Regards,
Stoyan
Pat494
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Thanks for your quick reply.
I use 15 minute and 1 minute time frames for scalping.
Perhaps having a longer T/F too might help. I will have a look at this soon.
Deltastock
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You're welcome.
From a trading point of view, higher TFs (e.g. monthly, weekly, daily) are useless, because in order to test a strategy statistically you will need between 300 to 500 trades. It is obvious, that it is a waste of time to do that on m,w or d. On the other side, the cost of trade (spread, commissions or both) is exponentially growing when you go lower (below 5 min to 1 min, or sub-minute frames). So, what you are left with for trading is between 5min. to 1h. frames. This range represents the "golden mean", IMO.
You do however need to pay attention to static (mostly) S/R from higher TFs, because of the existing hierarchy in the market.
Best Regards,
Stoyan
Deltastock
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Current level - 1.3279
Yesterday's side failed to break below the crucial 1.3240, so the uptrend continues to be intact, with an initial resistance at 1.3324, followed by 1.3410. My outlook is negative, for a slide through 1.3240, en route to 1.3140.
Yesterday's side failed to break below the crucial 1.3240, so the uptrend continues to be intact, with an initial resistance at 1.3324, followed by 1.3410. My outlook is negative, for a slide through 1.3240, en route to 1.3140.
Deltastock
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Current level - 1.3357
The uptrend here remains intact, heading towards 1.3454 high. Initial intraday support is projected at 1.3324, followed by the crucial low at 1.3252.
The uptrend here remains intact, heading towards 1.3454 high. Initial intraday support is projected at 1.3324, followed by the crucial low at 1.3252.
Deltastock
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Current level - 1.5933
The support level at 1.5885 managed to provide a reliable base for next leg upwards, to 1.6030 resistance. The bias here is positive, with a minor intraday resistance at 1.5950.
The support level at 1.5885 managed to provide a reliable base for next leg upwards, to 1.6030 resistance. The bias here is positive, with a minor intraday resistance at 1.5950.
Deltastock
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Current level - 1.3529
The uptrend has been renewed and with the reliable support at 1.3450 area the outlook here remains bullish, for a rise towards 1.3710 high. Crucial on the downside is 1.3324 support.
The uptrend has been renewed and with the reliable support at 1.3450 area the outlook here remains bullish, for a rise towards 1.3710 high. Crucial on the downside is 1.3324 support.
Deltastock
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Current level - 99.24
The downtrend from 100.60 has been completed at 97.73 low and the bias is already positive, for a rise towards 100.60. Initial intraday support is projected at 99.00 and crucial on the downside is 98.50.
The downtrend from 100.60 has been completed at 97.73 low and the bias is already positive, for a rise towards 100.60. Initial intraday support is projected at 99.00 and crucial on the downside is 98.50.
Deltastock
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Current level - 98.96
The intraday bias here is negative after the break through 99.17 support, but my outlook is for a reversal above 98.50, en route to 100.60. Minor intraday resistance is projected at 99.17, followed by the 99.66 local peak.
The intraday bias here is negative after the break through 99.17 support, but my outlook is for a reversal above 98.50, en route to 100.60. Minor intraday resistance is projected at 99.17, followed by the 99.66 local peak.
Deltastock
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Current level - 1.6004
Yesterday's failure at 1.6065 signals, that the slide from 1.6160 peak is a part of a larger consolidation pattern and my outlook here is already bearish, for a break through 1.5985 support, en route to 1.5840. Intraday resistance is projected at 1.6065.
Yesterday's failure at 1.6065 signals, that the slide from 1.6160 peak is a part of a larger consolidation pattern and my outlook here is already bearish, for a break through 1.5985 support, en route to 1.5840. Intraday resistance is projected at 1.6065.
Deltastock
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Current level - 1.5990
The downtrend from 1.6160 high remains intact, heading for a test of 1.5840 support area. Initial intraday resistance is projected at 1.6020 and crucial on the upside is 1.6065, do only a break through the latter will signal, that the consolidation pattern is already over.
The downtrend from 1.6160 high remains intact, heading for a test of 1.5840 support area. Initial intraday resistance is projected at 1.6020 and crucial on the upside is 1.6065, do only a break through the latter will signal, that the consolidation pattern is already over.
Deltastock
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Current level - 1.6092
Although current rise signals a reversal at 1.5954, I think, that the broad consolidation below 1.6160 is still on the run, so expect a break through 1.6020 crucial support to unleash a sell-off towards 1.5840.
Although current rise signals a reversal at 1.5954, I think, that the broad consolidation below 1.6160 is still on the run, so expect a break through 1.6020 crucial support to unleash a sell-off towards 1.5840.
Deltastock
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Current level - 1.6106
Current intraday rise from 1.6026 should be considered final leg of the rebound after 1.5954 low and I expect a sharp reversal to initiate a sell-off for a break through 1.5998, en route to 1.5840 support area. Crucial on the upside is 1.6160 high and minor intraday support can be spotted at 1.6065.
Current intraday rise from 1.6026 should be considered final leg of the rebound after 1.5954 low and I expect a sharp reversal to initiate a sell-off for a break through 1.5998, en route to 1.5840 support area. Crucial on the upside is 1.6160 high and minor intraday support can be spotted at 1.6065.
Deltastock
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Current level - 1.6158
The consolidation pattern below 1.6160 is already over and the outlook is bullish, for a rise towards 1.6300 resistance area. Initial support is projected at 1.6120, followed by the key area at 1.6060.
The consolidation pattern below 1.6160 is already over and the outlook is bullish, for a rise towards 1.6300 resistance area. Initial support is projected at 1.6120, followed by the key area at 1.6060.
Deltastock
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Current level - 1.3565
The uptrend has been renewed and the outlook is bullish after today's break through 1.3568, for a rise towards 1.3710. Key intraday support is projected at 1.3510, followed by the crucial 1.3470.
The uptrend has been renewed and the outlook is bullish after today's break through 1.3568, for a rise towards 1.3710. Key intraday support is projected at 1.3510, followed by the crucial 1.3470.
Deltastock
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Current level - 1.3507
Yesterday's reversal at 1.3586 signals a bearish intraday bias below 1.3540, for a slide towards 1.3470, en route to 1.3390. Crucial on the upside is 1.3586 high.
Yesterday's reversal at 1.3586 signals a bearish intraday bias below 1.3540, for a slide towards 1.3470, en route to 1.3390. Crucial on the upside is 1.3586 high.
Deltastock
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Current level - 1.3591
Yesterday's break through 1.3540 switched the bias to positive again and current outlook is bullish, for a rise towards 1.3710 resistance area. Initial support is projected at 1.3540, followed by the crucial low at 1.3502.
Yesterday's break through 1.3540 switched the bias to positive again and current outlook is bullish, for a rise towards 1.3710 resistance area. Initial support is projected at 1.3540, followed by the crucial low at 1.3502.
Deltastock
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Current level - 1.6155
Yesterday's failure at 1.6234 signals, that a reversal is underway since Tuesday's "pin bar"on the daily frame and my outlook here is negative, for a slide towards 1.6060, en route to 1.5950 support area. Initial intraday resistance is projected at 1.6190 and it will guard the bearish outlook today.
Yesterday's failure at 1.6234 signals, that a reversal is underway since Tuesday's "pin bar"on the daily frame and my outlook here is negative, for a slide towards 1.6060, en route to 1.5950 support area. Initial intraday resistance is projected at 1.6190 and it will guard the bearish outlook today.
Deltastock
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Current level - 97.09
The bias here remains negative and I expect a break through 96.80 to trigger a slide towards 95.75 major support zone. Crucial on the upside is Friday's high at 97.47.
The bias here remains negative and I expect a break through 96.80 to trigger a slide towards 95.75 major support zone. Crucial on the upside is Friday's high at 97.47.