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: 21.01.2020

EUR/USD Current level - 1.1095

Although the currency pair was not able to test the important support level at 1.1068, the sentiment remains negative and a test of 1.1068 is expected. If it doesn't hold, the negative momentum would increase and a test of the next major support level at 1.0980 would be on the map. On the positive side, reversing back above 1.1130 would help rule out the negative sentiment. Volatility should be expected today at 10:00 GMT when ZEW Economic Sentiment will be released.

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 - 109.97

After a brief correction the price managed to stay above the support level at 109.70, with expectations remaining on the positive side for a test of the next resistance at 110.60. In a downward direction, the first major support is at 109.70.

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 - 1.3006

After a quick test of the support zone at 1.2959, the price bounced back towards 1.3000 level. If the currency pair manages to hold above the 1.3000 zone, the expectations would be for a test of the resistance level at 1.3120. However, the current consolidation from the bigger time frames would be over once we see a movement above 1.3200 or levels below 1.2920. Today market participants will keep a close eye on the unemployment numbers in the UK as they might give them hints about the future policy of the Bank of England.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3060 1.3210
1.3125 1.3260
support
intraday intraweek
1.3000 1.2915
1.2950 1.2790
 

EUGERMANY30 Current level - 13511

The German Index almost managed to reach a new all-time high, going above the resistance level at 13540 up to 13577. However, the price couldn't hold these levels and returned below 13540. The sentiment remains positive, but the bulls would need to gain additional momentum in order to successfully break through the resistance level at 13540. On the downside, there are solid supports all the way down to 13380 which if broken would mark a change of the short-term sentiment.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
13540 13600
13600 13700
support
intraday intraweek
13380 13210
13300 13110
 

US30 Current level - 29217

The price is stable above 29050 even after a small correction from its all-time high. The US30 is still above 29200 with a very positive sentiment and expectations for new highs soon. On the negative side, only a breakthrough of the support level at 28730 would signal that bears are stepping.

Forex Technical Analysis on US30

resistance
intraday intraweek
29390 29560
29440 29600
support
intraday intraweek
29050 28730
28900 28515
 
DeltaStock’s daily technical analyses are provided by a team of professional dealers with many years of experience in the forex, indices, and shares trading scene. Our analysts are frequently invited to comment on a variety of economic topics for some of the nation’s leading financial portals, such as Investor.bg and Bloomberg TV Bulgaria.

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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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