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Daily Technical Analysis

by Stoyan Mihaylov »


Date: 09.02.2016

EUR/USD

Current level - 1.1194

Forex Technical Analysis on EUR/USD


The intraday bias is already positive after the recent reversal at 1.1082, for a rise towards 1.1305.

resistance
intraday intraweek
1.1250 1.1305
1.1305 1.1500
support
intraday intraweek
1.1060 1.0980
1.0980 1.0770

USD/JPY

Current level - 115.19

Forex Technical Analysis on USD/JPY


The break through 115.96 support signals a bearish bias, for a slide towards 113.20, en route to 110.00 major hurdle. The intraday pullback should be considered corrective and is expected to be limited below 115.96-116.20 resistance area. Crucial on the upside is 117.50.

resistance
intraday intraweek
116.00 120.30
117.50 121.70
support
intraday intraweek
114.20 113.20
113.20 110.00

GBP/USD

Current level - 1.4451

Forex Technical Analysis on GBP/USD


A minor reversal took place at 1.4350 and my outlook is bullish, for a break through 1.4450 and the crucial 1.4550.

resistance
intraday intraweek
1.4450 1.4790
1.4550 1.4950
support
intraday intraweek
1.4330 1.4330
1.4330
1.4150

EUGERMANY30

Current level - 8957

Forex Technical Analysis on EUGERMANY30


The bias here is obviously bearish, for further depreciation towards 8510 area. Initial resistance lies at 9130 and crucial on the upside is 9250.

resistance
intraday intraweek
9130 9590
9250 10160
support
intraday intraweek
8880 8510
8510
8510

US30

Current level - 15989

Forex Technical Analysis on US30


The pullback after 15800 low is corrective, preceding another leg downwards, to 15300 area. Initial intraday resistance lies at 16120.

resistance
intraday intraweek
16120 16813
16510 17240
support
intraday intraweek
15800 15300
15600
15300

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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