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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: 20.01.2017

EUR/USD Current level - 1.0683

Yesterday's dip to 1.0588 signals a positive bias, for a break through 1.0720 resistance towards 1.0780. Minor intraday support lies at 1.0660.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.020 1.0780
1.0780 1.0870
support
intraday intraweek
1.0660 1.0350
1.0540 1.0195

USD/JPY Current level - 114.60

The rise form 112.50 has failed to break through 115.65 resistance and the intraday outlook is bearish, for a violation of 114.40, towards 113.75.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
115.65 118.65
113.75 120.00
support
intraday intraweek
114.40 111.40
113.75 111.40

GBP/USD Current level - 1.2363

The outlook here is positive, for a rise towards 1.2430, en route to 1.2570 area.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2350 1.2570
1.2430 1.2780
support
intraday intraweek
1.2230 1.2230
1.2130 1.1984

EUGERMANY30 Current level - 11590

I favor a break through 11530 area, towards 11400 zone. Initial intraday resistance lies at 11645.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
11650 11800
11690 12000
support
intraday intraweek
11535 11335
11335 10830

US30 Current level - 19743

Yesterday's break through 19760 support zone confirms the negative outlook, for a slide towards 19560 area. Crucial on the upside is 19822 high.

Forex Technical Analysis on US30

resistance
intraday intraweek
19760 20000
19822 20500
support
intraday intraweek
19660 19660
19560 19490

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.