Deltastock Daily FX Analysis

[Deltastock]

Current level - 1.3660

The consolidation pattern below 1.3686 has tested 1.3630 support zone and the pair is ready for a final spike to 1.3710 resistance before drowning towards 1.3545 low.

 

[Deltastock]

Current level - 1.6402

Despite yesterday's rebound to 1.6477 intraday resistance, here the outlook remains negative, for a break through 1.6340, en route to 1.6240.

 

[ajpipsmaker]

Wow, very interesting chart with a prediction for a move down to the 1.6250 area.
The pair did fell today, but has managed to recover some of the lost ground, and is currently trading around the 1.6435 level.
The pair is range trading, in my opinion, and as you have mentioned, I also think that a break below the 1.6350/30 level may call for more losses for the pair.
However, the pair is finding bids from the 1.6380 region.
Let's see how the things shape out later during the day.

AJpipsmaker

 

[Deltastock]

Thank you for your comment, ajpipsmaker.
Now that the bids at 1.6380 are cleared, there should be no additional hurdle before 1.6240 support zone.
Happy trading!

 

[Deltastock]

Current level - 1.3605

The outlook here remains bearish below 1.3630 intraday resistance, for a break through 1.3580 low, en route to 1.3470 and 1.3395.

 

[Deltastock]

Current level - 1.3550

The bias here remains negative and the initial resistance at 1.3585 should cap the upside, for the next leg downwards, to 1.34+. Crucial on the upside is 1.3649 peak.

 

[Deltastock]

Current level - 1.6420

The bias here remains positive above 1.6380 intraday support, for a break through 1.6519, en route to 1.6602 high.

 

[Deltastock]

Current level - 104.27

The consolidation pattern after 104.90 peak is running out of steam and I expect a break on the upside to trigger a new test of 105.40 highs. Crucial on the downside is 103.85 static support.

 

[Deltastock]

Current level - 1.3635

Today's impulsive break through 1.3585 resistance signals a reversal of the whole downtrend from 1.3893 at 1.3506 low and my outlook here is already bullish, for a rise towards 1.3700, en route to 1.3890. Initial minor resistance lies at 1.3650.

 

[Deltastock]

Current level - 102.99

Yesterday's break through 103.85 triggered a massive sell-off all the way down to 102.90 and current rebound is by all means a corrective one, preceding next wave downwards, to 101.60. Initial intraday resistance is projected at 103.50.

 

[Deltastock]

Current level - 1.6513

Friday's massive sell-off broke through 1.6585 support level, setting an end of the whole rise after 1.6308 low, but this downswing should be considered corrective in nature, preceding next leg upwards, to 1.6750. The intraday bias is positive, for a test of 1.6585 resistance, before one more attempt downwards, to 1.6450 support zone.

 

[Deltastock]

Current level - 102.92

Yesterday's high at 103.42 was actually a test of 103.50 resistance and my outlook here is already bearish, for a slide through 101.72 low, en route to 100.60. Crucial resistance on the upside is 103.85.

 

[Deltastock]

Current level - 1.6462


Current rebound above 1.6443 low is corrective, preceding next leg downwards, to 1.6385 support. While 1.6443 is intact, there is a risk of an intraday bounce for 1.6522 resistance area.

 

[Deltastock]

Current level - 1.6288

Yesterday's slide through 1.6308 has reached a local low at 1.6254 in a process of testing 1.6240 support area. The pin bar formation on the 4h. chart suggests a reversal of the downtrend from 1.6606, for a rise towards 1.6450.

 

[Deltastock]

Current level - 101.43

The consolidation pattern above 100.74 is still underway and I favor one more upswing towards 101.90 resistance area before next leg downwards, to 99.00 zone.

 

[ajpipsmaker]

GBPUSD is on a verge of a breakout, in my opinion.
I read an analysis on some other forum forex-business.
There is a guy named Usman. He in a post commented that the pair might trade higher from the 1.62060 level. He basically pointed out the importance of the 100 day moving average.
I opted his idea and now closing the trade with around 60 pips gain.
I am so happy
Thanks for sharing your analysis.
Are you looking for a down move in USDJPY?
The pair is testing the 102.00 resistance zone as of writing.

Cheers!

 

[Deltastock]

Thanks for sharing your analysis.
Are you looking for a down move in USDJPY?
The pair is testing the 102.00 resistance zone as of writing.

Cheers!

Thank you for your interest.
Here's my current outlook on USD/JPY.

Best Regards,
Stoyan
-------------------------
Current level - 101.94

Yesterday's break through 101.70 resistance signals a positive intraday bias, but the outlook on the senior frames remains bearish, so I favor a break through 101.23 crucial level to trigger a sell-off towards 99.00 area. Initial intraday resistance is projected at 102.38, followed by 102.92.

 

[Deltastock]

Current level - 1.3675

The recent break through 1.3650 dynamic resistance signals, that the positive bias is still active and the outlook here is bullish, for a rise towards next hurdle at 1.3740. Initial minor support is projected at 1.3650, followed by the crucial 1.3607.

 

[Deltastock]

Current level - 1.6460

The bias here remains positive, for a rise towards 1.6530 initial resistance zone. Minor intraday support lies at 1.6425.

 

[Deltastock]

Current level - 102.17

The structure below 102.68 high signals a possible reversal of the whole upmove from 100.75 and my outlook here is already bearish, for a slide through 101.70 support, en route to 100.70. Initial minor resistance is projected at 102.30.