Currency pairs keep their mid-term movements
EUR/USD stays in negative formation. Good places for new short positions around 1.1266 and stop slightly above 1.1283. Indicators are showing negative movement, CCI(50) is under -100 and price is under MA13, we expect a signal on smaller timeframe for the begining of new negative momentum and sell
GBP/USD also continious it's negative mid-term movement, although yeterday's correction. Price reached levels of diagonal resistance- the top shoulder of the channel. At the moment price is under 1.5088 which is a signal for sell with a stop slightly above the top of the current bar on H4 or around 1.5120
GBP/JPY also shows a possible beginig of new negative momentum, current levels are good for sell with a stop at 178.38
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.