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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: 28.04.2017

EUR/USD Current level - 1.0861

The overall bias remains neutral, but due to the fact, that the pair is currently close to the lower boundary of the trading range, an upmove is to be expected, towards 1.0950 peak. A break through the latter will challenge 1.1010 area. Key support lies at 1.0826.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.0950 1.0950
1.1010 1.1010
support
intraday intraweek
1.0826 1.0780
1.0780 1.0676

USD/JPY Current level - 111.15

The intraday outlook is negative, for a dip towards 110.50 support zone. Major resistance lies at 112.26.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
111.75 112.26
112.26 113.50
support
intraday intraweek
110.50 109.40
109.40 108.12

GBP/USD Current level - 1.2902

The intraday bias is bullish above 1.2860 minor support, for a rise towards 1.3000 sentiment area. Next major resistance is projected at 1.3120.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2904 1.3120
1.3000 1.3500
support
intraday intraweek
1.2860 1.2610
1.2770 1.2510

EUGERMANY30 Current level - 12435

The index is still testing 12400 support area and a violation of the latter will signal a deeper slide towards 12300 area. The outlook on the senior frames is bullish, for a rise towards 12600.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
12513 12600
12600 12800
support
intraday intraweek
12400 12300
12300 11940

US30 Current level - 20955

My outlook here is negative, for a slide towards 20820 break-out zone. Initial intraday resistance lies at 21000.

Forex Technical Analysis on US30

resistance
intraday intraweek
21000 21030
21170 21170
support
intraday intraweek
20880 20650
20820 20380

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.