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Daily Technical Analysis

by Stoyan Mihaylov



Date: 29.06.2017

EUR/USD Current level - 1.1405

The brief consolidation dip tested precisely 1.1295 support area and the uptrend was renewed, currently struggling below 1.1430 dynamic hurdle. The bias is positive, for a break through the latter, towards 1.1550 and 1.1615 area.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.1430 1.1430
1.1550 1.1610
support
intraday intraweek
1.1295 1.1020
1.1210 1.0838

USD/JPY Current level - 112.25

The uptrend is intact, heading towards 113.10 resistance area. A break through the latter should be expected, for another leg upwards, to 114.30 area. Crucial support lies at 111.30.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
112.50 113.10
113.10 114.30
support
intraday intraweek
112.00 110.30
111.30 108.81

GBP/USD Current level - 1.2962

The uptrend is intact, currently testing 1.2980 resistance area. I favor a break through the latter, for a rise towards 1.3050. Initial intraday support lies at 1.2910, followed by the major one at 1.2830.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.2980 1.3050
1.3050 1.3150
support
intraday intraweek
1.2910 1.2635
1.2830 1.2480

EUGERMANY30 Current level - 12719

Yesterday's dip to 12530 signals a reversal and the bias is positive, for a rise towards 12840 area. Minor intraday support lies at 12670.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
12750 13000
12840 13000
support
intraday intraweek
12670 12620
12620 12490

US30 Current level - 21492

The intraday bias is positive, for a test of  21540 peak. Key support lies at 21440.

Forex Technical Analysis on US30

resistance
intraday intraweek
21500 21700
21540 22000
support
intraday intraweek
21440 21300
21300 21130
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.