FOREX TRADING

EUR/GBP

Current level – 0.8234

Regarding longer term the price it is building a classic triangle and it is not easy to forecast the next step of the price. If the price enters in the control area below 0.8220 it is almost sure that the price it is gonna test previous minimums and looking forward for the full target at 0.8067

Intraday: It is not a bad idea to set stop orders below and above the triangle with a small filters to avoid  market tricks.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8269

Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area.

Intraday: tapped 0.8350 resistance and retreated. The bears still in control, 0.8200 level should provide support.

Profit-taking affects gold curbing silver and platinum

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EUR/GBP

Current level – 0.8678

Longer term biasis neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution.

Intraday:  retreats from almost trendline resistance at 0,8750. Now looking for new bids around short term bullish trendline in 0,8680. Favour the downside.

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EUR/GBP

Current level – 0.8659

Longer term biasis neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution.

Intraday:  Capped by short term bearish trendline. Needs a brake above 0.8680  to consider a bullish continuation up to 0.8750 resistance. Favour the downside.

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EUR/GBP

Current level – 0.8681

Longer term biasis neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution.

Intraday:  Intraday support held bearish pressure on the cross. Possible bottoming process at this level and probably heading higher to 0,8750. Needs to hold on above 0,8600.

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EUR/GBP

Current level – 0.8626

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: break below triangular base leaves 0,8600 support in play. Expect new buyers at this point.

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EUR/GBP

Current level – 0.8759

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: capped by the 100MA in 4 hours, traders are taking this moving average as a reference to short the pair. Headed lower to re test 0,8750 to 0,8700 support

USD/CAD

Current level – 1-0115

Long term bias for the USD/CAD bearish, the weekly close below 1,0250 signals further declines. Forming a base around parity.

Intraday: reversal from 1,0200/20 resistance. Fib supports at 1,0110 and 1,0050, expect some bullish momentum at these levels.

GBP/JPY

Current level – 142.50

Long term bias remains bearish but since we reached 132,00 the pair is making higher highs indicating a possible short term bottom.

Intraday: holding above 4 hour 200MA is a good bullish sign. Facing 61,8% fib resistance at 142,90. Needs a brake above 144,90 to resume the trend.

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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.

EUR/GBP

Current level – 0.8829

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: higher low in place support from 0,8750 support. Headed towards 0,8850 resistance. Lets see from here..

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EUR/GBP

Current level – 0.8783

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: 38,2 at 0,8860 provided resistance and the reversal from this area indicates further losses towards 0,8750 – 0,8700 support.

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EUR/GBP

Current level – 0.8848

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: 0,8800 provided intraday support, a break above 0,8850/60 could spark a rally towards 0,8900.

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EUR/GBP

Current level – 0.8857

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday:  heading the 38,2% at 0,8860, key level comes in at the short term bearish trendline and 50% resistance in 0,8900.

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EUR/GBP

Current level – 0.8811

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: rebound from 0,8700 extended above 0,8800 on Greece baikout package. Still bearish, a change in trend would be confirmed above 0,8900 figure.

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EUR/GBP

Current level – 0.8737

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, testing bullish longer term trendline.

Intraday: making a lower low at the 76,40% fib level in 0,8728 and testing longer term trendline, Im waiting for a rebound around here. Below 0,8700 focus on 0,8650

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EUR/GBP

Current level – 0.8773

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, expect some consolidation between 0,88- 0,91.

Intraday: the cross made a pullback the broken bullish trendline reaching 0,8820 resistance. This morning 0,8750 has provided short term support but still unclear bias, favor the downside.

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EUR/GBP

Current level – 0.8775

Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, expect some consolidation between 0,88- 0,91.

Intraday: a 50 pip bounce off key support zone was made, but the pair was incapable of holding the bearish pressure breaching the minor bullish trendline. Target lays around 0,8700 – 0,8680 (bull trendline)

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