Technical levels for the major currencies today on 05/02/2017

02.05.2017 / 16:52

Rating:

* USD/JPY -- Testing base of cloud
* 3rd resistance: 112.87 Ichimoku Cloud top
* 2nd resistance: 112.57 March 17 low
* 1st resistance: 112.30/35 Ichimoku Cloud base
* Spot: 112.25
* 1st support: 111.71 50-DMA
* 2nd support: 111.18 May 1 low
* 3rd support: 110.88 April 26 low

* EUR/USD -- Forming flag pattern, breakout imminent
* 3rd resistance: 1.1028 Nov. 7 low
* 2nd resistance: 1.0995 100-week MA
* 1st resistance: 1.0947 April 28 high
* Spot: 1.0910
* 1st support: 1.0857 April 28 low
* 2nd support: 1.0835 200-DMA
* 3rd support: 1.0821 April 24 low

* GBP/USD -- Slow grind higher toward 1.3000
* 3rd resistance: 1.3000 trend-line resistance
* 2nd resistance: 1.2987 Sept. 26 high
* 1st resistance: 1.2966 May 1 high
* Spot: 1.2913
* 1st support: 1.2889 April 28 low
* 2nd support: 1.2839 April 27 low
* 3rd support: 1.2805 April 26 low

* USD/CAD -- Consolidating gains at higher levels
* 3rd resistance: 1.3752 Feb. 18, 2016 high
* 2nd resistance: 1.3735 Feb. 25, 2016 high
* 1st resistance: 1.3716 Feb. 19, 2016 low
* Spot: 1.3703
* 1st support: 1.3637 May 1 low
* 2nd support: 1.3575/1.3600 Fibo/trend-line support
* 3rd support: 1.3543 April 26 low

* AUD/USD -- Higher, testing 0.7552 200-DMA
* 3rd resistance: 0.7646 April 3 high
* 2nd resistance: 0.7590 50-DMA
* 1st resistance: 0.7572 April 25 high
* Spot: 0.7516
* 1st support: 0.7491 April 28 high
* 2nd support: 0.7448 April 28 low
* 3rd support: 0.7430 Jan. 12 low

* NZD/USD -- Consolidating within longer-term downtrend
* 3rd resistance: 0.7058 100-DMA
* 2st resistance: 0.7007 50-DMA
* 1st resistance: 0.6956 April 26 high
* Spot: 0.6912
* 1st support: 0.6891 April 28 high
* 2nd support: 0.6834 June 2 high
* 3rd support: 0.6801 June 3 low

* EUR/JPY -- Consolidating gains within uptrend
* 3rd resistance: 123.16 Jan. 30 high
* 2nd resistance: 122.89 March 13 high
* 1st resistance: 122.63 March 14 high
* Spot: 122.49
* 1st support: 121.65 April 25 high
* 2nd support: 121.31 May 1 low
* 3rd support: 120.91 April 24 high

* EUR/GBP -- Sideways within downtrend
* 3rd resistance: 0.8553 100-DMA
* 2nd resistance: 0.8531 April 26 high
* 1st resistance: 0.8496 April 27 high
* Spot: 0.8449
* 1st support: 0.8442 daily pivot
* 2nd support: 0.8409 May 1 low
* 3rd support: 0.8387 April 21 low

Junior Trader Ivan Ivanov

Varchev Traders

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Technical levels for the major currencies today on 05/02/2017

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