EUR/USD -- Within minor uptick
* 3rd resistance: 1.2435 Feb. 19 high
* 2nd resistance: 1.2412 Feb. 20 high
* 1st resistance: 1.2369 Feb. 19 low
* Spot: 1.2315
* 1st support: 1.2260 Feb. 22 low
* 2nd support: 1.2242 Feb. 28 high
* 3rd support: 1.2222 Feb. 27 low
USD/JPY -- Consolidates within downtrend
* 3rd resistance: 106.51/60 Feb. 23/22 lows
* 2nd resistance: 106.38 Feb. 26 low
* 1st resistance: 106.29 March 2 high
* Spot: 105.70
* 1st support: 105.25 March 2 low
* 2nd support: 104.97 Nov. 10, 2016 low
* 3rd support: 104.63 Nov. 7, 2016 high
GBP/USD -- Trading sideways
* 3rd resistance: 1.3916 Feb. 28 high
* 2nd resistance: 1.3858 Feb. 27 low
* 1st resistance: 1.3842 50-DMA
* Spot: 1.3810
* 1st support: 1.3756 March 2 low
* 2nd support: 1.3712 March 1 low
* 3rd support: 1.3560 100-DMA
AUD/USD -- Lower, above the area of 12-month avg. closing
price
* 3rd resistance: 0.7826 Feb. 26 low
* 2nd resistance: 0.7804 Feb. 23 low
* 1st resistance: 0.7770/74 March 1/2 highs
* Spot: 0.7730
* 1st support: 0.7720, area of 12-month avg. closing price
* 2nd support: 0.7700 Dec. 22 low
* 3rd support: 0.7680/84 Dec. 20/19 highs
Source: Bloomberg Pro Terminal
Trader Velizar Mitov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.