FOREX: Major Support and Resistance 29.11.2017

29.11.2017 / 16:49

Rating:

EUR/USD -- Regaining composure against cloud base, ichimoku
‘slow’ line at 1.1838-27; bulls stay in charge on short-and-
medium-term time-frames
* 3rd resistance: 1.2004, Sept. 22 high
* 2nd resistance: 1.1965, 76.4% Fibonacci of Sept./Nov. fall
* 1st resistance: 1.1920, Nov. 28 high
* Spot: 1.1868
* 1st support: 1.1827, Nov. 28 low
* 2nd support: 1.1813-08, Nov. 23 low, 61.8% Fibonacci of Nov.
21 rise
* 3rd support: 1.1772, 76.4% Fibonacci of Nov. 21 rise

GBP/USD -- Rallies to an almost 9-week high, poking above
the down-trendline dating back to July 2014 at ~1.3404; follow-
through momentum may target 1.3508 resistance
* 3rd resistance: 1.3514, Sept. 26 high
* 2nd resistance: 1.3508, 76.4% Fibonacci of Sept. 20- Oct. 6
rally
* 1st resistance: 1.3444-61, Sept. 29, 27 high
* Spot: 1.3397
* 1st support: 1.3339, Asia low
* 2nd support: 1.3316, daily pivot line
* 3rd support: 1.3244, pivot s1

USD/JPY -- Renewed signs of stability against 50%
retracement line at 111.03; bearish bias upheld while below 200-
DMA at 111.69
* 3rd resistance: 112.18, Nov. 21 low
* 2nd resistance: 111.89, Nov. 20 low
* 1st resistance: 111.69, 200-DMA
* Spot: 111.46
* 1st support: 111.06, pivot s1
* 2nd support: 110.84-78, Nov. 27 low, cloud base
* 3rd support: 110.64, pivot s2

AUD/USD -- Inability to break free from the Sept. downtrend
(~0.7600) spells trouble for bulls; persistent USD weakness
elsewhere creates tactical opportunities in AUD/X downside
* 3rd resistance: 0.7650-54, Nov. 9, 10 low
* 2nd resistance: 0.7645, Nov. 27 high
* 1st resistance: 0.7620, Nov. 28 high
* Spot: 0.7580
* 1st support: 0.7575, 61.8% Fibonacci of Nov. 21- 27 rise
* 2nd support: 0.7569, pivot s2
* 3rd support: 0.7559-55, 76.4% Fibonacci, Nov. 22 low

Source: Bloomberg Pro Terminal
Trader: Velizar Mitov

Varchev Traders

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 29.11.2017

London

Universal numbers