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Daily technical analysis

EUR/USD
0.05050%
USD/JPY
0.05050%
GBP/USD
0.05050%
EUGERMANY30
0.05050%
US30
0.05050%
UK100
0.05050%

Đ¢hese 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, DF Market's Analyst Department also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.


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, including without limitation, losses or unrealized gains that may result. Any information is subject to change without prior notice.


September 17, 2019

EUR/USD

Current level - 1.1011

Daily Technical Analysis on EUR/USD

At the present moment the pair is struggling to find a clear direction. The support at 1.0993 managed to hold and we may see a bounce back to 1.1060 zone and even further to 1.1100. A below-forecast ZEW Current Conditions (10:00UK time) should increase the pressure to the downside and a possible break of the support zone at 1.0993 should lead to a test of the next support at 1.0930.

resistance
intraday intraweek
1.1059 1.1160
1.1100 1.1200
support
intraday intraweek
1.0993 1.0930
1.0930 1.0900

USD/JPY

Current level - 108.07

Daily Technical Analysis on USD/JPY

After yet another unsuccessful break of the resistance zone at 108.25 the price is likely to decline towards the support level at 107.50. A breakthrough at this level could restart the negative trend with a main support at 106.70. In positive direction, the main resistance level remains at 108.25.

resistance
intraday intraweek
108.25 108.80
108.80 109.50
support
intraday intraweek
107.50 106.40
107.00 105.80

GBP/USD

Current level - 1.2416

Daily Technical Analysis on GBP/USD

After the unsuccessful test of 1.2500 the GBP/USD is in a corrective phase to the downside, but a move beyond the support at 1.2380 should increase bearish pressure. Again, volatility is to be expected as we await further developments around Brexit.

resistance
intraday intraweek
1.2500 1.2560
1.2560 1.2640
support
intraday intraweek
1.2380 1.2170
1.2270
1.1975

EUGERMANY30

Current level - 12387

Daily Technical Analysis on EUGERMANY30

The support zone around 12320 managed to hold and the price bounced back towards the resistance at 12480. However, a successful breakthrough of the support levels could lead to a test of the next support zone at 12150. In opposite direction, only a break of the resistance at 12480 could indicate the resumption of the upward trend and push the price towards the resistance and around 12600.

resistance
intraday intraweek
12475 12500
12500 12600
support
intraday intraweek
12320 12050
12150 11985

US30

Current level - 27050

Daily Technical Analysis on US30

The support at 27000 is still managing to keep the US30 from losing more ground with the second support zone being around 26900. Further escalation of the Middle East tensions after the unprecedented attack on Saudi Arabia’s oil facilities should increase bearish sentiment and lead to sharp moves to the downside. In positive direction, only a break of the resistance at 27300 may lead to a new test of the zone at 27400, followed by new all-time highs.

resistance
intraday intraweek
27100 27400
27300 27500
support
intraday intraweek
27000 26640
26900
26350

UK100

Current level - 7321

Daily Technical Analysis on UK100

The price is heading towards the support zone around 7302 which, if broken, should lead to a further decrease towards 7204. Conversely, only a successful break through the resistance level at 7380 would be a sign for a continuation of the upward movement towards the next resistance zone at 7470.

resistance
intraday intraweek
7380 7460
7400 7500
support
intraday intraweek
7300 7030
7200
6900
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