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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.


August 21, 2019

EUR/USD

Current level - 1.1093

Daily Technical Analysis on EUR/USD

Yesterday the euro managed to score some gains and today the expectations remain positive as markets prepare for the FOMC (Federal Open Market Committee) meeting minutes at 19:00 UK time. Should the price breaches the immediate resistance at 1.1196 the pair could head towards the 1.1160 zone. Key support remains the 1.1076 level.

resistance
intraday intraweek
1.1106 1.1250
1.1160 1.1300
support
intraday intraweek
1.1076 1.1020
1.1020 1.0960

USD/JPY

Current level - 106.363

Daily Technical Analysis on USD/JPY

Here the situation remains almost unchanged after a prolonged range trading with the bulls slightly regaining control, since the price managed to hold above the minor support at 106.25. After a few attempts for a breach at 106.76, the possibility for a breakthrough  remains high.

resistance
intraday intraweek
106.75 107.50
107.50 108.50
support
intraday intraweek
105.70 104.46
105.00 100.00

GBP/USD

Current level - 1.2165

Daily Technical Analysis on GBP/USD

We can see a change in sentiment towards the Sterling as the bullish impulses have gotten stronger. The expectations are for a breach of the upper border of the range at 1.2183. Before that, it's possible to see a final test at 1.2139.

resistance
intraday intraweek
1.2180 1.2300
1.2220 1.2350
support
intraday intraweek
1.2140 1.2050
1.2100
1.1980

EUGERMANY30

Current level - 11639

Daily Technical Analysis on EUGERMANY30

Yesterday the German index disappointed investors as it snapped it's 2-day back-to-back gains and couldn't breach the resistance at 11740. This can be considered as a retracement after it managed to find support at 11600. The expectations remain positive for a rise towards 11840 and potentially a breach of that resistance. Key support remains at 11550.

resistance
intraday intraweek
11740 11850
11850 12100
support
intraday intraweek
11550 11330
11330 11260

US30

Current level - 25984

Daily Technical Analysis on US30

The situation with the US blue chips is similar. The sell-off was more like a retracement and the expectations remain positive. There is a possibility for a breach at 26050 followed by a rally towards the resistance at 26420. At 19:00 UK time, investors will closely watch the FOMC (Federal Open Market Committee) meeting minutes. If their expectations about the monetary policy and stimuli are not aligned with those of the central bankers, we could potentially see some sharp moves.

resistance
intraday intraweek
26050 26400
26200 26600
support
intraday intraweek
25400 25200
25200
25070

UK100

Current level - 7173

Daily Technical Analysis on UK100

We are at the lower band of a prolonged range. The bears are still looking powerful and a push from their side towards 7050 is possible. If the support holds, a turnaround towards 7160 is possible. Should it breach 7050, a renewal of the major down trend is highly possible with next support at 6980.

resistance
intraday intraweek
7160 7460
7300 7600
support
intraday intraweek
7060 7000
7000
6980
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