FOREX: Major Support and Resistance 25.10.2017

25.10.2017 / 15:07

Rating:

EUR/USD -- Susceptible to slippage below ichimoku cloud
(1.1732), first time since March; large head-and-shoulders top
formation in the making this week with 1.1670 closing break
required to add credence to reversal pattern
* 3rd resistance: 1.1841, 55-DMA
* 2nd resistance: 1.1818, Oct. 20 mid open/close price
* 1st resistance: 1.1793, Oct. 24 high
* Spot: 1.1760
* 1st support: 1.1732-25, ichimoku cloud base, Oct. 23 low
* 2nd support: 1.1718, Oct. 9 low
* 3rd support: 1.1670, Oct. 6 low

USD/JPY -- Well placed to tackle July peak at 114.49; MACD
confirms fresh ’buy’ crossover signal
* 3rd resistance: 114.49, July 11 high
* 2nd resistance: 114.20, pivot r1
* 1st resistance: 114.10, Oct. 23 high
* Spot: 113.91
* 1st support: 113.72, daily pivot
* 2nd support: 113.43, pivot s1
* 3rd support: 113.25, Oct. 23 low

AUD/USD -- Tumbles to lowest since July after AU CPI data;
200-DMA may cushion fall at 0.7894 and provoke profit-take
buying
* 3rd resistance: 0.7835, Oct. 23 high
* 2nd resistance: 0.7796, Oct. 23 low
* 1st resistance: 0.7784, Asia high
* Spot: 0.7713
* 1st support: 0.7694, 200-DMA
* 2nd support: 0.7685, July 12 high
* 3rd support: 0.7645, 233-DMA

EUR/JPY -- Targets 134.42 long-term Fibonacci line; must
gain foothold above here required to inject fresh momentum;
ichimoku average zone may contain downticks at 133.04-132.93
* 3rd resistance: 134.80, Oct. 15 2015 low
* 2nd resistance: 134.60, Dec. 4 2015 high
* 1st resistance: 134.41, Sept. 22 high
* Spot: 133.94
* 1st support: 133.62, Oct. 24 mid open/close price
* 2nd support: 133.36, pivot s1
* 3rd support: 133.10-04, Oct. 23 low, ichimoku baseline

Източник: Bloomberg Pro Terminal

Trader: Велизар Митов

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

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.

FOREX: Major Support and Resistance 25.10.2017

London

Universal numbers