EUR/USD -- Fibonacci supports at 1.1750 and 1.1720 may
cushion fall; below 1.1670 required to shift the momentum and
trend narrative to bearish
* 3rd resistance: 1.1880, Oct. 12 high
* 2nd resistance: 1.1823-29, pivot r1, Oct. 16 high
* 1st resistance: 1.1800-02, Asia high, pivot
* Spot: 1.1772
* 1st support: 1.1750, 61.8% Fibonacci of Oct. 6- 12 rise
* 2nd support: 1.1720, 76.4% Fibonacci of Oct. 6- 12 rise
* 3rd support: 1.1702, daily cloud base
GBP/USD -- Capped by 21-DMA; maintain offensive tone and
above 1.3238 required to fully reassert upside trend; below
1.3122 needed for bear to take over
* 3rd resistance: 1.3402-16, Oct. 2 high, 61.8% Fibonacci of
Sept./Oct. drop
* 2nd resistance: 1.3338, Oct. 13 high
* 1st resistance: 1.3312-24, Oct. 16 high, 21-DMA
* Spot: 1.3278
* 1st support: 1.3225, Oct. 16 low
* 2nd support: 1.3204, 61.8% Fibonacci of Oct. 12/13 rise
* 3rd support: 1.3173, 76.4% Fibonacci of Oct. 12/13 rise
USD/JPY -- Upholds a bearish stance while below 21-DMA at
112.38
* 3rd resistance: 112.83, Oct. 10 high
* 2nd resistance: 112.52-59, Oct. 12, 11 high
* 1st resistance: 112.31, Oct. 13 high
* Spot: 112.15
* 1st support: 112.04, daily pivot
* 2nd support: 111.65, Oct. 16 low
* 3rd support: 111.50-48, Sept. 26, 25 lows
AUD/USD -- Path of least resistance is still higher, toward
55-DMA at 0.7913
* 3rd resistance: 0.7949, Sept. 26 high
* 2nd resistance: 0.7908-13, Sept. 22 low, 55-DMA
* 1st resistance: 0.7897, Oct. 13 high
* Spot: 0.7855
* 1st support: 0.7818, Oct. 13 low
* 2nd support: 0.7787, Oct. 12 low
* 3rd support: 0.7771, Oct. 11 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.