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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: 25.10.2016


Current level - 1.0877

Forex Technical Analysis on EUR/USD

There is still a risk of an intraday bounce towards 1.0915, but the overall outlook remains bearish, for a slide towards 1.0820, en route to 1.0713. Key resistance lies at 1.0950.

intraday intraweek
1.0915 1.1120
1.0950 1.1370
intraday intraweek
1.0850 1.0820
1.0820 1.0713


Current level - 104.42

Forex Technical Analysis on USD/JPY

The intraday bias is positive above 104.00 and a break through 104.62 high will challenge 105.50 area. Crucial on the downside is 104.13 low.

intraday intraweek
104.62 105.50
104.62 107.40
intraday intraweek
104.13 100.10
103.15 99.53


Current level - 1.2221

Forex Technical Analysis on GBP/USD

The slide from 1.2330 resistance has tested the dynamic support at 1.2180 and the intraday outlook is positive, for another upswing towards the mentioned hurdle. Trigger on the upside is 1.2257.

intraday intraweek
1.2257 1.2794
1.2330 1.3020
intraday intraweek
1.2180 1.2088


Current level - 10796

Forex Technical Analysis on EUGERMANY30

The uptrend is still intact, supported at 10740 and initial resistance lies at 10822. Crucial on the downside is 10670 and only a break through the latter will signal a reversal of the positive bias.

intraday intraweek
10822 10822
10822 10000
intraday intraweek
10740 10350


Current level - 18235

Forex Technical Analysis on US30

Yesterday's rise peaked below 18290 resistance, but there is still no clear sign of an emerging downtrend, Trigger on the downside is 18170.

intraday intraweek
18290 18450
18450 18550
intraday intraweek
18170 17900

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.