Market Analysis

Daily Technical Analysis

24.04.2014

EUR/USD


Daily Technical Analysis on EUR/USD

April 24, 2014
Current level - 1.3824

Yesterday's rise failed to break beyond 1.3863 resistance and the intraday bias is slightly bearish, risking one more downswing to 1.3780 support area. On the mid-frames the outlook remains positive, for a break through 1.3863, en route to 1.3966.

resistance
intraday intraweek
1.3863 1.4000
1.3904 1.4250
support
intraday intraweek
1.3780 1.3672
1.3750 1.3475

USD/JPY


Daily Technical Analysis on USD/JPY

April 24, 2014
Current level - 102.31

A reversal has been confirmed at 102.70 and my outlook here remains bearish, for a break through 101.90, en route to 101.30 major support. Crucial on the upside is 102.70 resistance zone.
resistance
intraday intraweek
102.70 104.10
102.70 105.40
support
intraday intraweek
101.90 100.70
101.30 99.00

GBP/USD


Daily Technical Analysis on GBP/USD

April 24, 2014
Current level - 1.6797

Yesterday's slide bottomed above 1.6750 major support and my outlook here is bullish, for a break through 1.6841, en route to 1.6890. Crucial on the downside is 1.6750.

resistance
intraday intraweek
1.6841 1.7000
1.6890 1.7000
support
intraday intraweek
1.6750 1.6660
1.6660
1.6470

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets 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. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.