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Forex Technical Analysis

by Stoyan Mihaylov


Date: 01.09.2014

Major Currency Pairs:   EUR/USD   USD/JPY   GBP/USD

EUR/USD

Current level - 1.3122

Forex Technical Analysis on EUR/USD

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.

resistance
intraday intraweek
1.3150 1.3411
1.3220 1.3502
support
intraday intraweek
1.3090 1.3000
1.3000 1.2750

USD/JPY

Current level - 104.16

Forex Technical Analysis on USD/JPY

The rise from 103.53 low signals, that the consolidation pattern below 104.26 is probably over and the outlook here is bullish, for a rise towards 105.40 high. Initial intraday support is seen at 104.00, followed by the major hurdle at 103.50.

resistance
intraday intraweek
104.26 104.11
105.40 105.40
support
intraday intraweek
104.00 103.00
103.00 100.70

GBP/USD

Current level - 1.6603

Forex Technical Analysis on GBP/USD

The intraday bias is positive, for a rise towards 1.6660-70 resistance area. Initial support lies at 1.6560.
 
resistance
intraday intraweek
1.6610 1.6842
1.6677 1.7190
support
intraday intraweek
1.6534 1.6460
1.6460
1.6240

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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