EUR/USD -- Little evidence of trend-reversal despite ’13’
exhaustion counts on daily and weekly charts
* 3rd resistance: 1.2007, Jan. 5 2015 high
* 2nd resistance: 1.1969-82, Jan. 6 2015 high, 233-DMA
* 1st resistance: 1.1910, Aug. 2 high
* Spot: 1.1884
* 1st support: 1.1831, Aug. 3 low
* 2nd support: 1.1794-85, Aug. 2, 1 lows
* 3rd support: 1.1777-64, July 27, 28 highs
GBP/USD -- Charts bearish key day reversal after dovish BOE;
consolidation phase underway; maintains bullish trend bias
* 3rd resistance: 1.3267, Aug. 3 high
* 2nd resistance: 1.3208, 61.8% Fibonacci of Aug. 3 range
* 1st resistance: 1.3180-91, Aug. 3 mid price, Aug. 2 low
* Spot: 1.3148
* 1st support: 1.3113, Aug. 3 low
* 2nd support: 1.3097, July 31 low
* 3rd support: 1.3062, July 28 low
USD/JPY -- Breaks at close the 76.4% Fibonacci support line
at 110.17 which guards the June low at 108.83
* 3rd resistance: 111.07, ichimoku conversion line
* 2nd resistance: 110.97, July 28 mid open/close price
* 1st resistance: 110.29-39, Aug. 2 low, 3 mid-price
* Spot: 110.11
* 1st support: 109.85, Asia low
* 2nd support: 109.66, pivot s1
* 3rd support: 109.27, June 15 low
AUD/USD -- Corrective risks raised after confirmed bearish
MACD crossover
* 3rd resistance: 0.8066, July 27 high
* 2nd resistance: 0.8043, Aug. 1 high
* 1st resistance: 0.7993, Aug. 2 high
* Spot: 0.7970
* 1st support: 0.7915, Aug. 3 low
* 2nd support: 0.7878, July 26 low
* 3rd support: 0.7838, July 17 high
Bloomberg Pro Terminal
Trader Velizar Mitov
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.