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



Date: 23.01.2020

EUR/USD Current level - 1.1087

The sentiment remains negative as the pair is expected to go for yet another test of the key support at 1.1068. A possible breakthrough at this level would pave the way towards the next key support at 1.0980. Higher volatility is expected around 12:45 GMT time when the ECB interest rate decision is to be announced and during Lagard’s press conference (13:30 GMT).

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.1100 1.1170
1.1130 1.1200
support
intraday intraweek
1.1080 1.1030
1.1068 1.0980

 

USD/JPY Current level - 109.64

The currency pair managed to break the support zone around 109.60-109.65, but at the time of writing, the price is just below that level and the breakthrough is still to be confirmed. If the price stays below the aforementioned level, then the expectations would be for a prolonged correction phase and a test of the next support at 109.20. In the opposite direction, the first resistance lies at 110.20.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
110.20 110.65
110.65 111.00
support
intraday intraweek
109.70 108.80
109.20 107.90
 

GBP/USD Current level - 1.3137

The pair continues its upward movement which started at the beginning of the week, and consequently breached above the resistance levels at 1.3080 and 1.3125. If the price holds above 1.3125, the bullish momentum would remain intact and a test of 1.3200 would be the most likely scenario. If the pair fails to hold above 1.3125, a retracement towards the support at 1.3060 could occur.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3125 1.3210
1.3210 1.3260
support
intraday intraweek
1.3060 1.2915
1.3000 1.2790
 

EUGERMANY30 Current level - 13481

The correction for the German index was stopped by the support at 13450, but another test at this level is still possible. If the aforementioned level holds again, the upward movement towards new record highs will be renewed. In case of a deeper correction, the next support level lies at 13380.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
13580 13700
13640 13700
support
intraday intraweek
13451 13210
13380 13110
 

US30 Current level - 29157

The correction for the US blue chip index continues, but until the price holds above 29050, the bulls will stay in control and the expectations for new highs will remain intact. The first resistance level lays at 29390.

Forex Technical Analysis on US30

resistance
intraday intraweek
29390 29560
29440 29600
support
intraday intraweek
29050 28730
28900 28515
 
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The forecasts made are based on technical analysis. However, Deltastock's Analyst Department also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.

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