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Инвестиционен посредник в България с най-висок рейтинг за 2017 г.
Инвестиционен посредник в България с най-висок рейтинг за 2017 г.

Daily Technical Analysis

by Stoyan Mihaylov



Date: 19.01.2018

EUR/USD Current level - 1.2272

The reversal at 1.2160 signals a prolonged consolidation pattern and despite the positive intraday bias there is still a chance for a dip to 1.2090 before renewal of the general uptrend towards 1.2500. Key intraday support lies at 1.2217.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.2285 1.2500
1.2320 1.2500
support
intraday intraweek
1.2217 1.2090
1.2090 1.1910

USD/JPY Current level - 110.68

The pullback below 111.00 has neutralized the positive bias and current situation is neutral. Initial resistance lies at 111.20 and a violation of 110.20 low will challenge 109.50 zone.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
111.20 112.00
112.00 113.75
support
intraday intraweek
110.60 109.50
110.20 109.50

GBP/USD Current level - 1.3917

The consolidation pattern here is still underway and while trading remains capped below 1.3940 peak there will be a chance for another dip to 1.3800 before climbing beyond 1.4000 hurdle.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3940 1.4000
1.3940 1.4340
support
intraday intraweek
1.3800 1.3611
1.33730 1.3460

EUGERMANY30 Current level - 13283

The outlook remains positive, for a tight test of 13340 resistance and crucial on the downside is 13200 low. A break through the latter will signal a slide towards 13010 area.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
13300 13540
13340 14000
support
intraday intraweek
13200 13010
13140 12650

US30 Current level - 25948

The intraday bias is bearish after the reversal at 26150, with a risk of a dip to 25800 area before renewal of the general uptrend towards  26300. Crucial on the upside is 26075 and it is currently a trigger for the expected rise.

Forex Technical Analysis on US30

resistance
intraday intraweek
26075 26300
26150 26500
support
intraday intraweek
25800 25500
25710 25200
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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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.