FX Trading – Currency Crosses Pairs Analysis
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Currency Crosses Pairs Analysis
EUR/GBP
Current level – 0.9054
Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead.
Intraday: Yesterdays brake below the trendline isnt confirming a retrace yet. Although the cross is making an effective pullback its loosing bullish momentum and we dont discard a further retrace to 0,8980-0,9000 support zone
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 0,9130 | 0,9150 | 0,9050 | 0,8850 |
| 0,9150 | 0,9200 | 0,9000 | 0,8800 |
USD/CAD
Current level – 1.0129
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: no signs of recovery yet, a push to parity is highly probable. Daily RSI entering oversold level below 30. For today expect a test of 1,0100 level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0150 | 1.0320 | 1.0100 | 1,0250 |
| 1.0200 | 1.0400 | 1.0000 | 1,0200 |
GBP/JPY
Current level – 137.76
Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.
Intraday: big bounce off bullish trendline support keeps the bullish bias intact but looking at the 4 hour chart above, the challenge here is 138,20 bearish trendline resistance.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 138.20 | 140.00 | 137.50 | 132.00 |
| 139.00 | 141.00 | 137.00 | 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.
