EUR/USD -- Buyers get involved near 1.1662 support on
Friday; follow-through today may bring into focus 1.1832-35 area
(incl. 55-DMA)
* 3rd resistance: 1.1800, 76.4% Fibonacci of Sept. 29-Oct. 3
fall
* 2nd resistance: 1.1788, Oct. 4 high
* 1st resistance: 1.1756, pivot r1
* Spot: 1.1733
* 1st support: 1.1713, daily pivot line
* 2nd support: 1.1670-62, Oct. 6, Aug. 17 low
* 3rd support: 1.1650, July 27 low
USD/JPY -- Strong bearish reversal on Friday after brief
foray into multi-month high territory; mean-reversion risk to
111.91-87
* 3rd resistance: 113.44, Sept. 27 high
* 2nd resistance: 113.02, 61.8% Fibonacci of Oct. 6-Oct. 9 fall
* 1st resistance: 112.90, daily pivot line
* Spot: 112.72
* 1st support: 112.32, Oct. 4 low
* 2nd support: 112.22, Sept. 29 low
* 3rd support: 111.91-87, 200-DMA, 21-DMA
GBP/USD -- Top G-10 performer vs. USD; finds bid interest
near 100-DMA (1.3018) on Friday
* 3rd resistance: 1.3222, Oct. 3 low
* 2nd resistance: 1.3183, Oct. 5 mid open/close price
* 1st resistance: 1.3131, 55-DMA
* Spot: 1.3115
* 1st support: 1.3027-18, Oct. 6 low, 100-DMA
* 2nd support: 1.2995, Sept. 1 high
* 3rd support: 1.2982, 76.4% Fibonacci of Aug.-Sept. rally
AUD/USD -- Downside stutters against strong support at
0.7750-41; price exhaustion signals emerge
* 3rd resistance: 0.7847, 13-day EMA
* 2nd resistance: 0.7830, Oct. 5 mid open/close price
* 1st resistance: 0.7798, Oct. 6 high
* Spot: 0.7758
* 1st support: 0.7733, Oct. 6 low
* 2nd support: 0.7712, June 30 high
* 3rd support: 0.7685, July 12 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.