Deltastock Daily FX Analysis

[Deltastock]

Current level - 1.6756

Still in the consolidation pattern above 1.6689 and although there is still a risk of one more upswing towards 1.6780 resistance zone, the overall bias is negative, for a slide towards 1.6560.

 

[Deltastock]

Current level - 102.70

The bias here remains positive, for a rise towards 103.25 dynamic projection. Initial support is seen at 102.47, followed by the crucial low at 102.25.

 

[Deltastock]

Current level - 102.49

The intraday bias is slightly negative, for a slide towards 102.10 support zone before another upswing towards 103.25 dynamic resistance. Initial intraday hurdle lies at 102.78.

 

[Deltastock]

Current level - 1.6809

The recent break through 1.6780 resistance signals a positive bias for a rise towards 1.6920 area. Key support on the downside lies at 1.6780.

 

[Deltastock]

Current level - 1.6780

The bias remains bullish above 1.6780 support zone and the outlook is positive, for a break through 1.6845, en route to 1.6920.

 

[Deltastock]

Current level - 1.3541

There are minor signs of a reversal here and my outlook is positive, for a rise towards 1.3580, en route to 1.3673. Crucial on the downside is 1.3502 low.

 

[Deltastock]

Current level - 1.6825

The intraday bias is positive here, for a break through 1.6845 high, en route to 1.6920 resistance area. Key support on the downside is projected at 1.6773.

 

[Deltastock]

Current level - 1.3567

A reversal has been confirmed at 1.3511 and the outlook is bullish, for a break through 1.3580 resistance, towards 1.3620, en route to 1.3673. Initial intraday support lies at 1.3544.

 

[Deltastock]

Current level - 1.3520

Last week's test of 1.3580 failed and the outlook here remains neutral, within the 1.3502-3580 tight range. On the senior frames, only a break through the 1.3502-3475 zone will signal a renewal of the downtrend towards 1.3000 sentiment area.

 

[Deltastock]

Current level - 101.87

Nothing interesting here, as the pair is still caught in the tight range between 101.58 and 102.15. A break above the latter will signal a positive outlook for a rise towards 102.78.

 

[Deltastock]

Current level - 1.3547

Last week's test of 1.3580 failed and the outlook here remains neutral, within the 1.3502-3580 tight range. On the senior frames, only a break through the 1.3502-3475 zone will signal a renewal of the downtrend towards 1.3000 sentiment area.

 

[Deltastock]

Current level - 1.6990

The uptrend here is intact, above the support at 1.6920 which was tested yesterday and the crucial level at 1.6857. Initial major resistance lies at 1.7000 and while it holds, the pair is expected to consolidate above 1.6920.

 

[Deltastock]

Current level - 101.84

USD/JPY dropped to 101.84 zone. In the short term the support zone around the 101.60 level is expected to hold and the uptrend to 103 to be renewed. A move below 101.40 will neutralize the positive outlook at this time.

 

[Deltastock]

Current level - 1.3593

A new test of the 1.3560 zone is possible after which another move on the upside is expected. The first major resistance is 1.3660-70.

 

[Deltastock]

Current level - 101.84

In the short-term, the support zone around the 101.60 level is expected to hold and the uptrend to 103 to be renewed. A move below 101.40 will neutralize the positive outlook at this time and will expose the next support level at 100.70.

 

[Deltastock]

Current level - 1.6975

GBP/USD returned below the 1.7000 level. Nonetheless, the 1.6920 support level remains critical for the upside movement. A daily close below the latter support would turn the short-term bias to negative.

 

[Deltastock]

EUR/USD Current level - 1.3629


The currency pair maintains the same range as in the last few days - with a possible test of the 1.3560-1.3580 zone before another move on the upside. The first major resistance is at 1.3640.

 

[Deltastock]

Current level - 101.35

Moving below 101.40 neutralized the positive outlook until now and exposes the next support level at 100.70. The first major resistance is at 101.60.

 

[Deltastock]

GBP/USD

Current level - 1.7038


The bullish trend remains, with a possibility of the support at 1.7000 being tested. Initial major resistance zone is 1.7040.

 

[Deltastock]

Current level - 1.3683

The intraday bias is slightly negative, for a test of 1.3660 key support, before bouncing higher, towards 1.3740 and probably even 1.3790 major resistance. Crucial on the downside is 1.3575 low.