EUR/USD --bullish weekly close; next focus is July high
* 3rd resistance: 1.1996, May 14 high
* 2nd resistance: 1.1851, June 14 high
* 1st resistance: 1.1791, July 9 high
* Spot: 1.1730
* 1st support: 1.1626, July 20 low
* 2nd support: 1.1602, July 18 low
* 3rd support: 1.1527, June 28 low
GBP/USD -- bear trend with 50-DMA capping upside
near-term
* 3rd resistance: 1.3472, June 7 high
* 2nd resistance: 1.3363, July 9 high
* 1st resistance: 1.3278, 50-DMA
* Spot: 1.3139
* 1st support: 1.2958, July 19 low
* 2nd support: 1.2810, 61.8% Fibo retracement of Oct. 7, 2016 to
April 17, 2018 rally
* 3rd support: 1.2774, Aug. 24 low]
USD/JPY -- Close below 111.40 continues sell orders
* 3rd resistance: 113.75, Dec. 12 high
* 2nd resistance: 113.39, Jan. 8 high
* 1st resistance: 113.17, July 19 high
* Spot: 110.98
* 1st support: 110.75 session low
* 2nd support: 110.28, July 4 low
* 3rd support: 109.37, June 25/26 lows
AUD/USD -- Continues to be pressured by descending 50-DMA
resistance
* 3rd resistance: 0.7576, 100-DMA
* 2nd resistance: 0.7484, July 9, 10 highs
* 1st resistance: 0.7476, 50-DMA
* Spot: 0.7423
* 1st support: 0.7311, July 2 low
* 2nd support: 0.7289, Jan. 9, 2017 low
* 3rd support: 0.7160, Dec. 23, 2016 low
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.