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Our Financial Analyst at Deltastock, Stoyan Mihaylov, has an 14-year background
as a senior FX Dealer, trading spot and outright forwards. Since May 2006, Stoyan has been providing daily,
weekly and mid-term analyses on the Foreign Exchange market. He has also been reading lectures on FX Fundamental
and Technical Analyses in major Bulgarian Universities. Stoyan Mihaylov holds an MBA degree from the University of Economics, Varna, Bulgaria.
Forex Technical Analysis
Forex Technical Analysisby Stoyan Mihaylov
Date: 20.05.2013
Major
Currency Pairs:
EUR/USD
USD/JPY
GBP/USD
Current level - 1.2862
The bias on the senior frames continues to be negative, for a tight test of 1.2750 area, before reversal of the downtrend from 1.3193. Crucial on the upside is 1.2928.
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Current level - 102.65
Today's test of 102.00 dynamic support signals a possible reversal at 103.30 high and a clear break through 102.00 will set the focus on 101.20 and the sentiment area around 100.00.
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Current level - 1.5190
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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 Deptartment also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.
Deltastock AD 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 AD 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 prior notice.
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