EUR/USD -- Runs into sell interest at familiar ichimoku
‘slow line’ at 1.1852 today; resistance line capped strength
back in Oct. 12
* 3rd resistance: 1.1921, daily cloud top
* 2nd resistance: 1.1880, Oct. 12 high
* 1st resistance: 1.1858, Asia high, Oct. 19 high
* Spot: 1.1802
* 1st support: 1.1779, 61.8% Fibonacci of Oct. 18/19 rise
* 2nd support: 1.1768, Oct. 19 low
* 3rd support: 1.1730, Oct. 18 low
GBP/USD -- Paring intraday losses; monitor recovery and
close above 55-DMA for bullish cues and downside exhaustion
setup
* 3rd resistance: 1.3287, Oct. 17 high
* 2nd resistance: 1.3269, 21-DMA
* 1st resistance: 1.3229, Oct. 19 high
* Spot: 1.3132
* 1st support: 1.3088, Asia low
* 2nd support: 1.3053-47, Oct. 9 low, 100-DMA
* 3rd support: 1.3027, Oct. 6 low
USD/JPY -- Bursts into fresh 14-week high, penetrating
upper Bollinger band at 113.30; study bandwidth (gauge of
realized volatility) bouncing from most depressed levels since
2015; converging 13-, 21-DMAs provide support at 112.50
* 3rd resistance: 113.97, July 12 high
* 2nd resistance: 113.72, July 11 low
* 1st resistance: 113.58, July 14 high
* Spot: 113.34
* 1st support: 112.50, 13-, 21-DMA
* 2nd support: 112.30, Oct. 19 low
* 3rd support: 112.14, Oct. 18 low
AUD/USD -- Solid support at 0.7824-22 has invited buyers
during Asia session dip
* 3rd resistance: 0.7908, Sept. 22 low, 55-DMA
* 2nd resistance: 0.7897, Oct. 13 high
* 1st resistance: 0.7884, Oct. 19 high
* Spot: 0.7843
* 1st support: 0.7824-22, 13-, 100-DMAs, ichimoku conversion
line
* 2nd support: 0.7819, Oct. 17 low
* 3rd support: 0.7809, Oct. 11 high
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.