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Daily Technical Analysis

by Stoyan Mihaylov »
Stoyan Mihaylov Our Financial Analyst at Deltastock, Stoyan Mihaylov has an eight-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 has graduated MBA in the University of Economics – Varna, Bulgaria.


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Date: 22.02.2017

EUR/USD Current level - 1.0524

The downtrend is intact, currently testing 1.0520 support zone and next hurdle lies at 1.0450. Crucial on the upside is 1.0560 and only a violation of that level will signal a reversal of the slide.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.0560 1.0705
1.0630 1.0870
support
intraday intraweek
1.0520 1.0500
1.0450 1.0350

USD/JPY Current level - 113.40

A reversal has been confirmed at 113.80 and my outlook is already bearish, for a slide towards 112.50, en route to 111.60.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
114.00 118.65
114.95 120.00
support
intraday intraweek
113.20 111.40
112.50 109.80

GBP/USD Current level - 1.2491

The outlook is already positive, for a break through 1.2520, towards 1.2610 area. Crucial on the downside is 1.2440 zone.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2520 1.2780
1.2610 1.2780
support
intraday intraweek
1.2380 1.2230
1.2346 1.1984

EUGERMANY30 Current level - 12015

The uptrend is intact, heading towards 12100 area. Crucial support lies at 11920.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
12100 12100
12100 12400
support
intraday intraweek
11920 11720
11805 11335

US30 Current level - 20733

The bias remains positive, for a rise towards 20800 area. Initial intraday support is projected at 20680 and crucial on the downside is 20620.

Forex Technical Analysis on US30

resistance
intraday intraweek
20800 20800
20800 21000
support
intraday intraweek
20680 20520
20620 20150

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.