Technical levels for the major currency pairs today on 05/18/2017

18.05.2017 / 12:48

Rating:

EUR/USD -- Next meaningful resistance not until 1.1300
3rd resistance: 1.1300, Nov. 9 high
2nd resistance: 1.1187, pivot r1
1st resistance: 1.1172, Asia high
Spot: 1.1135
1st support: 1.1097, May 16 high
2nd support: 1.1081, May 17 low
3rd support: 1.1029-23, May 16 mid price, May 8 high

USD/JPY -- Holding tenuously above 110.51 support
3rd resistance: 112.40, May 8 low
2nd resistance: 112.12, ichimoku cloud top
1st resistance: 111.80, 55-DMA
Spot: 111.01
1st support: 110.51, 61.8% Fibonacci of April/May rise
2nd support: 109.73, 200-DMA
3rd support: 109.60, 76.4% Fibonacci of April/May rise

GBP/USD -- 1.30 breakout unfolding on strong U.K. data
3rd resistance: 1.3139, Sept. 14 low
2nd resistance: 1.3121, Sept. 22 high
1st resistance: 1.3059, Sept. 29 high
Spot: 1.3014
1st support: 1.2906, May 17 low
2nd support: 1.2866, May 16 low
3rd support: 1.2845, May 12 low

AUD/USD -- Fades strength against 0.7469 Fibonacci; remains bullish in trend and momentum
3rd resistance: 0.7502, 76.4% Fibonacci of May fall
2nd resistance: 0.7480, May 3 mid open/close price
1st resistance: 0.7467-69, Asia high, 61.8% Fibonacci
Spot: 0.7440
1st support: 0.7389-85, May 17, 15 low
2nd support: 0.7369, May 12 low
3rd support: 0.7336, May 11 low

USD/CHF -- Comfortably clearing March lows, plunging to lowest since November
3rd resistance: 0.9862, May 17 high
2nd resistance: 0.9848, May 16 low
1st resistance: 0.9824, May 17 mid open/close price
Spot: 0.9790
1st support: 0.9775, May 17 low
2nd support: 0.9755, pivot s1
3rd support: 0.9737, 76.4% Fibonacci of Nov./Dec. rise

EUR/GBP -- Slicing through moving-average supports at 0.8557-50 after U.K. data
3rd resistance: 0.8662, March 30 high
2nd resistance: 0.8648, pivot r2
1st resistance: 0.8618-24, March 28, 29 low
Spot: 0.8595
1st support: 0.8531, April 26 high
2nd support: 0.8515, May 15 high
3rd support: 0.8501, May 16 low

EUR/JPY -- Mean-reversion risk to 21-DMA at 122.37
3rd resistance: 125.40, May 17 high
2nd resistance: 124.59, May 16 low
1st resistance: 124.40, ichimoku conversion line
Spot: 123.49
1st support: 123.31, May 12 low
2nd support: 122.93, May 5 low
3rd support: 122.60, May 4 low

EUR/NOK -- Moves to sideways range
3rd resistance: 9.6200, Feb. 24 high
2nd resistance: 9.5780, May 5 high
1st resistance: 9.4655, May 16 high
Spot: 9.4346
1st support: 9.3329, May 17 low
2nd support: 9.3205, May 11 low
3rd support: 9.2958, April 28 low

Source: Bloomberg Pro Terminal

Jr Trader Ivan Ivanov

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

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.

Technical levels for the major currency pairs today on 05/18/2017

London

Universal numbers