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Daily Technical Analysis

by Stoyan Mihaylov



Date: 17.11.2017

EUR/USD Current level - 1.1806

My outlook is bearish below 1.1870 hurdle, for another dip lower, towards 1.1730 support area.

Forex Technical Analysis on EUR/USD

resistance
intraday intraweek
1.1820 1.1870
1.1870 1.2090
support
intraday intraweek
1.1730 1.1690
1.1690 1.1550

USD/JPY Current level - 112.52

Yesterday's failure at 113.25 resistance led to a renewal of the downtrend, currently heading towards 111.60 area. The 113.25 peak is already crucial about the development of the slide from 114.70.

Forex Technical Analysis on USD/JPY

resistance
intraday intraweek
113.25 115.50
113.90 116.80
support
intraday intraweek
112.50 111.60
111.60 107.30

GBP/USD Current level - 1.3231

The intraday bias is positive, for a test of 1.3340 major hurdle. Crucial on the downside is 1.3130.

Forex Technical Analysis on GBP/USD

resistance
intraday intraweek
1.3340 1.3340
1.3340 1.3430
support
intraday intraweek
1.3130 1.3020
1.3060 1.2760

EUGERMANY30 Current level - 13062

The violation of 13000 dynamic resistance signals a reversal of the slide from 13530 and the outlook is positive above 13000, for a continuation of the rebound towards 13250.

Forex Technical Analysis on EUGERMANY30

resistance
intraday intraweek
13100 13500
13250 13700
support
intraday intraweek
13000 12760
12850 12760

US30 Current level - 23434

The rise from 23240 signals a completion of the slide since 23624 high, but I don't think, that the index is ready for a renewal of the general trend towards new highs and favor more prolonged range trading towards 23180 and 23000 major support area. Intraday, the bias is bearish after the failure at 23480, for a slide towards 23370 static support.

Forex Technical Analysis on US30

resistance
intraday intraweek
23480 23800
23590 24000
support
intraday intraweek
23370 23240
23240 23180
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.

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