DeltaStock - Global Forex and CFD Broker

Open a Live Account
Open a FREE Demo Account
Live HelpLive Help DTWebDTWeb Login

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.

How to open a demo account

Open a free demo with €10 000

Connect with:
Facebook Google



Date: 26.08.2016

EUR/USD

Current level - 1.1290

Forex Technical Analysis on EUR/USD

The unsuccessful test of the 1.1360 resistance sets a bearish bias for the EUR/USD next move. We anticipate that the pair will head south to the 1.1230 support and 1.1050 next. First important resistance is the 1.1360-80 zone.


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

USD/JPY

Current level - 100.46

Forex Technical Analysis on USD/JPY


The negative bias for the USD/JPY is set to continue in the short-term. In case the 99.60-100 support zone proves difficult to overcome, the pair could be pushed back into the 100.50-102.70 trading range.



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

GBP/USD

Current level - 1.3203

Forex Technical Analysis on GBP/USD


After the unsuccessful test of the 1.3160 support, the trend is positive for a test of 1.3370.


resistance
intraday intraweek
1.3160 1.3370
1.3160 1.3290
support
intraday intraweek
1.2865 1.2790
1.2790
1.2500

EUGERMANY30

Current level - 10519

Forex Technical Analysis on EUGERMANY30

EUGermany30 could not keep up its momentum after the break through the 10700 resistance. The correction that followed, however, lost steam at the 10480 support, which sets the benchmark ready to resume its uptrend for a new test of 10800.


resistance
intraday intraweek
10800 10880
10880 11000
support
intraday intraweek
10600 10270
10510
10400

US30

Current level - 18477

Forex Technical Analysis on US30

We expect the US30 to resume its strong uptrend after the short-lived correction. Next target is the 19000 psychological resistance. In order for this bullish scenario to remain valid, the index should stay above the key 18380 support.
.
resistance
intraday intraweek
18640 18900
19000 19000
support
intraday intraweek
18470 18370
18370
18240

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.

Trading Information Deltastock Accounts Trading Platforms Trading Resources

Forex

Contracts for Difference (CFDs)

Gold and Silver


White Label

Introducing Broker

Open a Delta Trading Demo

Open a MetaTrader 4 Demo


Open a DT Live Account

Open a MT4 Live Account

Deposit Funds

Download DT 6

User Guide

Video Tutorials


Introduction to MT4

Download MT4

Economic Calendar

Forex Technical Analysis

Forex and Index Quotes

Currency Calculator

Currency Relation

Payment options: VISA Payment options: Mastercard Payment options: Wire Transfer Payment options: Skrill

Risk Warning: Trading оn margin carries a high level of risk to your capital and may not be suitable for all investors. You may lose more than your initial investment! Ensure you fully understand the risks involved and seek independent advice if necessary.

The information on this site is not intended for use by, or for distribution to, any person in any country or jurisdiction, where such use or distribution would contravene the local law or regulation.

EU EU Regulation: Deltastock AD is fully licensed and regulated under MiFID. The company is regulated and authorised by the Financial Supervision Commission (FSC), Bulgaria.

Your IP Address is 54.80.158.67 Copyright © 1999-2016 Deltastock AD