Deltastock Daily FX Analysis

[Deltastock]

Current level - 102.90

Still in the consolidation pattern below 103.05 and there is a risk of an intraday dip to 102.50 before renewal of the uptrend towards 104.10. Crucial support on the downside lies at 102.30.

 

[Abdul2012]

Interesting analysis, thank you.

 

[Deltastock]

Interesting analysis, thank you.

Thank you, Abdul2012
It's a simple, classic trend following, support & resistance approach.
Kind Regards,
Stoyan

 

[Deltastock]

Current level - 1.3421

Friday's break through the dynamic resistance at 1.3400 signals a reversal of the downtrend from 1.3650 and the pair has entered a corrective phase, before next drowning towards 1.3280. The intraday bias is bullish above 1.3400, for a break through 1.3445 resistance, en route to 1.3502 major hurdle.

 

[Deltastock]

Current level - 1.6861

The corrective rebound above 1.6805 low is already over with yesterday's test below 1.6895 key resistance and the outlook here is already negative, for a slide towards 1.6690.

 

[Deltastock]

Current level - 102.31

Yesterday's spike low to 101.78 has finalized the consolidation pattern below 103.50 and current outlook is positive, for a break through 103.05, en route to 104.10. Initial intraday resistance lies at 102.46.

 

[Deltastock]

Current level - 101.65

The recent slide below 102.20 has neutralized the positive outlook and current bias is negative, for a slide towards 100.70. Initial resistance lies at 101.90, followed by the crucial 102.45.

 

[Deltastock]

Current level - 102.27

The upmove from 101.50 is still underway, currently testing 102.45 key resistance and I favor a reversal to initiate a slide towards 100.70. Crucial on the downside is 102.01 low.

 

[Deltastock]

Current level - 1.6799

Current rebound above 1.6754 was limited below 1.6825 resistance and I think it is a corrective one, preceding a slide towards 1.6690. Key intraday resistance lies at 1.6825, followed by the crucial high at 1.6887.

 

[Abdul2012]

Very useful analysis, thank you .

 

[Deltastock]

Current level - 1.6695

The rebound above 1.6656 is obviously corrective in nature, thus preceding next leg downwards, to 1.6550. An eventual break through the intraday resistance at 1.6700 could challenge the major 1.6755 resistance, but that doesn't change the overall negative outlook.

 

[Deltastock]

Current level - 1.6726

The intraday bias is positive after the recent break through 1.6700 minor resistance and the pair should challenge 1.6755 major hurdle. The latter is expected to cap the upside and to provoke a reversal for a slide towards 1.6550.

 

[Deltastock]

Current level - 1.3354

Although the intraday bias is undoubtedly bearish, only a clear break through 103.30 will signal renewal of the general downtrend towards 1.3220 and 1.3090. For now, there is a risk of one more upswing towards 1.3445 resistance area.

 

[Deltastock]

Current level - 1.3302

Yesterday's break through 1.3330 lows signals a completion of the prolonged consolidation pattern since the beginning of the month and the general downtrend has been renewed, heading towards 1.3200, en route to 1.3090. Initial minor resistance lies at 1.3312, followed by the key hurdle at 1.3330.

 

[Deltastock]

Current level - 1.6581

Current rebound above 1.6560 is corrective, thus preceding next leg downwards, to 1.6460. Initial intraday resistance lies at 1.6600, followed by the crucial high at 1.6677.

 

[Deltastock]

Current level - 1.3191

The bias here remains bearish, for a continuation of the downtrend towards 1.3090. Initial resistance lies at 1.3220, followed by the crucial high at 1.3298.

 

[Deltastock]

Current level - 1.3180

A new low has been reached at 1.3150 and current rebound should be considered corrective, preceding a slide towards 1.3090. Crucial on the upside is 1.3220 resistance.

 

[Deltastock]

Current level - 1.3216

Although the 1.3220 resistance is still intact, the intraday bias is obviously bullish and I expect a rise towards 1.3300 key area. Initial minor support lies at 1.3186.

 

[Deltastock]

Current level - 1.3175

The break through 1.3178 signals a failure at 1.3220 resistance and the intraday bias is negative since. My outlook is bullish above 1.3151, for a rise through 1.3220, en route to 1.3298. Crucial on the downside is 1.3151.

 

[Deltastock]

Current level - 1.3122

Last week's break through 1.3150 low signals a renewal of the downtrend, towards 1.3000 sentiment area. Initial intraday resistance lies at 1.3150 and crucial on the upside is 1.3220 resistance.