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Daily Technical Analysis

by Stoyan Mihaylov »


Date: 20.04.2015

Major Currency Pairs and Stock Indices:
EUR/USD   USD/JPY   GBP/USD   EUGERMANY30   US30

EUR/USD

Current level - 1.0784

Forex Technical Analysis on EUR/USD

The intraday bias is slightly bearish after the recent peak at 1.0850, but the support area around 1.0700 should provide a reliable base for another upswing, towards 1.0910.

resistance
intraday intraweek
1.0850 1.1050
1.0910 1.1450
support
intraday intraweek
1.0730 1.0460
1.0620 1.0260

USD/JPY

Current level - 118.56

Forex Technical Analysis on USD/JPY

The outlook here is bearish, for a break through 118.22 support zone, en route to 117.60 and 116.50. Crucial on the upside is 118.30.

resistance
intraday intraweek
119.75 122.01
121.00 124.20
support
intraday intraweek
118.22 118.22
117.60 115.85

GBP/USD

Current level - 1.4969

Forex Technical Analysis on GBP/USD

The intraday bias is negative after the reversal at 1.5050, for a possible corrective slide towards 1.48+ area before another rally towards 1.5170. Minor intraday resistance lies at 1.5000.

resistance
intraday intraweek
1.5050 1.5170
1.5170 1.5320
support
intraday intraweek
1.4880 1.4567
1.4700
1.4240

EUGERMANY30

Current level - 11700

Forex Technical Analysis on EUGERMANY30

The downtrend here is intact and current rebound above 11620 should be considered corrective, preceding another slide towards 11480. Key resistance lies at 11800.

resistance
intraday intraweek
11800 12500
12020 13000
support
intraday intraweek
11600 11480
11480
11150

US30

Current level - 17898

Forex Technical Analysis on US30

The intraday bias is positive above 17870 minor support, for a possible test of 18020 resistance. 

resistance
intraday intraweek
17940 18300
18020 19000
support
intraday intraweek
17870 17550
17740
17270

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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