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Daily Technical Analysis

by Stoyan Mihaylov »


Date: 29.05.2015

EUR/USD

Current level - 1.0951

Forex Technical Analysis on EUR/USD

The intraday bias here is positive, for a rise towards 1.1050 major resistance area. Crucial on the downside is 1.0860 low and a break through the latter will challenge 1.0784 support zone.

resistance
intraday intraweek
1.0960 1.1290
1.1050 1.1500
support
intraday intraweek
1.0860 1.0650
1.0784 1.0460

USD/JPY

Current level - 123.86

Forex Technical Analysis on USD/JPY

The outlook here is rather bearish, for a break through 123.40 support zone, en route to 122.01 major hurdle.

resistance
intraday intraweek
124.45 124.20
124.20 124.20
support
intraday intraweek
123.40 118.87
122.01 115.85

GBP/USD

Current level - 1.5331

Forex Technical Analysis on GBP/USD

The downtrend is still intact with the new low at 1.5260, but an eventual break through the crucial 1.5380 will signal a reversal of the whole slide since 1.5700 high and will set the focus on 1.5500 zone.

resistance
intraday intraweek
1.5380 1.5820
1.5500 1.6000
support
intraday intraweek
1.5260 1.5260
1.5260
1.5070

EUGERMANY30

Current level - 11695

Forex Technical Analysis on EUGERMANY30

Yesterday's slide bottomed at 11600 and the bias is neutral again, within the prolonged consolidation pattern below 11800. The intraday outlook is positive, for another test around 11800.

resistance
intraday intraweek
11740 11920
11800 12180
support
intraday intraweek
11680 11374
11580
11162

US30

Current level - 18138

Forex Technical Analysis on US30

The recent slide failed to break through 18050 support zone and the intraday bias is bullish, for another corrective leg upwards, to 18210 resistance zone. 

resistance
intraday intraweek
18150 18370
18250 18500
support
intraday intraweek
18050 17920
17920
17680

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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