EUR/USD -- Forms a bullish ‘flag’ pattern on daily charts;
measured techniques generate a with a ~1.21 target; new bottom
traced out at 1.1713, seen as the risk area for fresh bulls
* 3rd resistance: 1.1965, 76.4% Fibonacci of September/November
fall
* 2nd resistance: 1.1877-86, cloud top, 61.8% Fibonacci of
September/November fall
* 1st resistance: 1.1861, Nov. 15 high
* Spot: 1.1843
* 1st support: 1.1778, 55-DMA
* 2nd support: 1.1758, Nov. 21 high
* 3rd support: 1.1700, 21-DMA
GBP/USD -- Wednesday’s convincing breakout above daily
Ichimoku cloud top, 55-DMA puts bulls on driving seat; dips now
likely to attract value buyers down to 1.3259
* 3rd resistance: 1.3402, Oct. 2 high
* 2nd resistance: 1.3365, pivot r1
* 1st resistance: 1.3337-38, Nov. 23- Oct. 13 high
* Spot: 1.3296
* 1st support: 1.3279, Nov. 20 high
* 2nd support: 1.3259, 55-DMA
* 3rd support: 1.3214, Nov. 22 low
USD/JPY -- Records biggest one-day loss in six months on
Wednesday, with unceremonious selloff below dual-average lines
and daily cloud top at 112.02-111.68; tactical bulls step in
timidly at the half way mark of entire rally from September.
* 3rd resistance: 113.14, Nov. 17 high
* 2nd resistance: 112.90, Ichimoku conversion line
* 1st resistance: 112.74, Nov. 16 low
* Spot: 111.53
* 1st support: 111.03, 50% retrace of Sept./ Nov. rally
* 2nd support: 110.60, pivot s3
* 3rd support: 110.38, cloud base
AUD/USD -- Scope to breakout from September downtrend at
0.7642 as recovery phase picks up momentum; bears being
scuppered at the 100-week MA at 0.7546
* 3rd resistance: 0.7672, Nov. 13 high
* 2nd resistance: 0.7650-54, Nov. 9, 10 low
* 1st resistance: 0.7638-42, 21-DMA, Sept. down-trendline
* Spot: 0.7617
* 1st support: 0.7590, Nov. 21 high
* 2nd support: 0.7555, Nov. 22 low
* 3rd support: 0.7532, Nov. 21 low
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.