Technical supports and resistances on the major currency pairs

16.03.2017 / 16:31

Rating:

USD trades within ranges as markets discount future rate hikes from current Fed projections; GBP rises after BOE decision interpreted as hawkish, vote 8-1 with Forbes opting for a rate increase.

GBP/USD -- Higher, trending toward 55-DMA
3rd resistance: 1.2448 Feb. 24 low
2nd resistance: 1.2409 100-DMA
1st resistance: 1.2376 55-DMA
Spot: 1.2363
1st support: 1.2309 March 15 high
2nd support: 1.2251 March 13 high
3rd support: 1.2224 March 14 high

USD/JPY -- Lower, testing 113.12 100-DMA
3rd resistance: 114.32 March 9 low
2nd resistance: 113.81 50-DMA
1st resistance: 113.61 March 8 low
Spot: 113.25
1st support: 112.90 Feb. 28 low
2nd support: 112.62 Feb. 17 low
3rd support: 112.32 Feb. 3 low

EUR/USD -- Pausing within short-term uptrend
3rd resistance: 1.0829 Feb. 2 high
2nd resistance: 1.0802 Feb. 6 high
1st resistance: 1.0750 Feb. 7 high
Spot: 1.0732
1st support: 1.0699 March 10 high
2nd support: 1.0651 100-DMA
3rd support: 1.0642 50-DMA

USD/CAD -- Oscillating around 1.3300 100-DMA
3rd resistance: 1.3436 March 7 high
2nd resistance: 1.3372 March 3 low
1st resistance: 1.3358 March 1 high
Spot: 1.3297
1st support: 1.3277 session low
2nd support: 1.3212 Feb. 7 high
3rd support: 1.3178 200-DMA

AUD/USD -- Consolidating, 0.7700 remains an obstacle on the upside
3rd resistance: 0.7772 Nov. 9 high
2nd resistance: 0.7741 Feb. 23 high
1st resistance: 0.7719 March 15 high
Spot: 0.7692
1st support: 0.7633 March 7 low
2nd support: 0.7609 March 8 high
3rd support: 0.7592 March 13 high

NZD/USD -- Lower, failing above 0.7000
3rd resistance: 0.7100 March 1 low
2st resistance: 0.7068 March 3 high
1st resistance: 0.7049 March 15 high
Spot: 0.6985
1st support: 0.6940 March 14 low
2nd support: 0.6891 March 9 low
3rd support: 0.6872 Dec. 26 low

EUR/JPY -- Lower, testing 50-DMA support
3rd resistance: 123.16 Jan. 30 high
2nd resistance: 122.89 March 13 high
1st resistance: 122.63 March 14 high
Spot: 121.52
1st support: 121.11 50-DMA
2nd support: 120.72 March 7 high
3rd support: 120.39 March 7 low

EUR/GBP -- Consolidating, no clear direction
3rd resistance: 0.8854 Jan. 16 high
2nd resistance: 0.8818 Jan. 17 high
1st resistance: 0.8786 March 14 high
Spot: 0.8680
1st support: 0.8667 March 15 low
2nd support: 0.8639 March 7 low
3rd support: 0.8625 March 6 low

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 supports and resistances on the major currency pairs

London

Universal numbers