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Daily Technical Analysis

by Stoyan Mihaylov »

Note: Our analyst Stoyan Mihailov will be on a leave of absence until the 9th of September. In the meantime, the daily technical analysis will be updated by our Dealing Department.

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Date: 24.08.2016


Current level - 1.1298

Forex Technical Analysis on EUR/USD

The failure of the EUR/USD to break the resistance at 1.1360 sets a bear trend for 1.1230 and 1.1050.  First important resistance is the 1.1360-80 zone.

intraday intraweek
1.1380 1.1380
1.1430 1.1430
intraday intraweek
1.1155 1.0950
1.1040 1.0820


Current level - 100.37

Forex Technical Analysis on USD/JPY

The near term direction of the USD/JPY pair is negative. Possible failure to go under the intraday support at 99.50 could send the pair back toward the 100.50 – 102.70 trading range.

intraday intraweek
101.70 103.96
102.70 106.70
intraday intraweek
100.00 100.00
99.20 98.90


Current level - 1.3178

Forex Technical Analysis on GBP/USD

After the break of the resistance at 1.3160 the trend is positive for a test of 1.3370.  Minor support is 1.3150

intraday intraweek
1.3100 1.3160
1.3160 1.3290
intraday intraweek
1.2865 1.2790


Current level - 10575

Forex Technical Analysis on EUGERMANY30

The German benchmark could not continue the positive impulse that led to a breakthrough of the 10700 level, but at the same time could not stay below the support zone of 10480.  The trend is positive and  we expect that the index will test the 10800 level and if successful will continue the upward momentum.

intraday intraweek
10800 10880
10880 11000
intraday intraweek
10600 10270


Current level - 18521

Forex Technical Analysis on US30

Our expectations for a continuation of the positive trend towards the 19000 psychological level remain intact.. There is a minor support at 18460.

intraday intraweek
18640 18900
19000 19000
intraday intraweek
18470 18370

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.

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