EUR/GBP
Current level-0.9112
Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Intraday: the euro bulls could push above 0,9100 resistance and now becomes support. Key zone 0,9130 - 0,9150 if we break above the pair could rally to 0,9200 figure.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 0,9150 | 0,9150 | 0,9100 | 0,8850 |
| 0,9130 | 0,9200 | 0,9050 | 0,8800 |
USD/CAD
Current level - 1.0253
Long term bias for the USD/CAD remains neutral, trapped in a wide range between 1,0250 and 1,0750. Critical level at 1,0200 support zone, if we break to the downside parity is more than probable.
Intraday: lower low made at 1,0215 after the oil data. No signs of recovery yet, still bearish unless we close a few hourly candles above 1,0325 resistance.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0325 | 1.0680 | 1.0215 | 1,0250 |
| 1.0370 | 1.0700 | 1.0200 | 1,0200 |
GBP/JPY
Current level- 134.32
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: triangular pattern formed again, the pair found resistance just below 136,00 (bearish trendline) and the pattern warns a breakout. Keep an eye on the range 134-136.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 135.90 | 140.00 | 134.90 | 132.00 |
| 136.80 | 141.00 | 134.00 | 131.00 |
DeltaStock Inc. - Online Forex & Securities Broker
www.deltastock.com
RISK DISCLAIMER: 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, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. 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. Delta Stock Inc. 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 notice.
About the Author
DeltaStock Inc. - Online Forex & Securities Broker
RISK DISCLAIMER: 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, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. 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. Delta Stock Inc. 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 notice.
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