Currency pairs keep their trends after corrective moves from yesterday.
EUR/USD: downtrend is in force, price under the support at 1.1290 and SMA. Strong bearish bar- strong negative formation. Indicators are also showing thet mid-term negative movement is in force CCI(50) is below 0. Current levels are good for sell with a 40 pips stop
GBP/USD is also in negative formation, double top at 1.5220. We still don't have signal for sell, no confirmation for new negative momentum.When CCI(50) moves below 0 sell, or preice goes below 1.5129
GBP/JPY: negative trend, signal for possible negative momentum, CCI(50) goes below 0, we wait the current bar to close and sell with a stop with maximum 50 pips
EUR/JPY downtrend, price under MA 3,13- short formation, when price goes below 132.47 sell
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.