www.varchev.com

FOREX: Major Support and Resistance 08.02.2018

Rating:

12345
Loading...

EUR/USD -- Slashes 50% of January low-high move; overshoot
value zone at 1.2153 (61.8% retracement)
* 3rd resistance: 1.2406, price high
* 2nd resistance: 1.2365, pivot r1
* 1st resistance: 1.2315-21, 21-day MA, mid-candle body price
* Spot: 1.2229
* 1st support: 1.2227, 50% retrace of Jan. low-high move
* 2nd support: 1.2214, price low
* 3rd support: 1.2165, price low

GBP/USD -- Risks skewed lower into Super Thursday for
possible test and hold of 1.3797 Fibonacci support (see chart
analysis here)
* 3rd resistance: 1.4091, price low
* 2nd resistance: 1.4045, daily pivot, mid open/close price
* 1st resistance: 1.4000, price high
* Spot: 1.3860
* 1st support: 1.3836-22, price low, pivot s1
* 2nd support: 1.3797, 61.8% Fibonacci
* 3rd support: 1.3757, price low

USD/JPY -- Consolidating at trend lows; 21-day MA guides
the downtrend (109.96) and above here at close required to
trigger further position adjustment
* 3rd resistance: 110.83, ichimoku baseline
* 2nd resistance: 110.29-48, price highs
* 1st resistance: 109.96, 21-day MA
* Spot: 109.70
* 1st support: 108.92, price low
* 2nd support: 108.46-42, price lows
* 3rd support: 108.28, price low

AUD/USD -- Descends to triple MA support lines at
0.7797-52, where pair may find stability and carve out a base
* 3rd resistance: 0.7910, price high
* 2nd resistance: 0.7882, pivot r1
* 1st resistance: 0.7864, mid open/close price
* Spot: 0.7805
* 1st support: 0.7797-95, 55-day MA, price low
* 2nd support: 0.7773, 100-day MA
* 3rd support: 0.7753, 200-day MA

Source  Bloomberg Pro Terminal
Trader Velizar Mitov


 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

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

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 directed at residents of the United States or Belgium and is not intended for distribution to, 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.

chat with dealer
chat with dealer
Cookies policy