flag-gb flag-my flag-zh flag-id flag-th flag-vi

Technical Analysis Feb.23


On the 4-hour graph we see that the US dollar strengthened against the European currency which allowed the quotes to exit the formed range. Rebounding from the strong resistance at 1.1150 the bears broke through the support at 1.1050 on their way down. According to the analysts from Fort Financial Services, the pair started to consolidate at the end of the trading session.

The bulls will regain the leadership if they break through the resistance at 1.1050. Their target will be 1.1150 and 1.1260.

The bears will maintain the initiative if they overpass the support at 1.0925. Their target will be 1.0800.



The data from the 4-hour graph showed that the US dollar grew versus the British currency. However, later the sterling managed to partially recover its positions. As a result, on the way down, the support at 1.4080 was numerously tested and from there the price went up and remained in the new range.

The bulls will maintain their leadership if they overpass the resistance at 1.4240. Their target will be 1.4320 and 1.4400.

The bears will regain the initiative if they overpass the support at 1.4080. Their target will be 1.4000.



According to the 4-hour graph the American currency strengthened against its Japanese opponent. The previous long-term decrease was changed by growth and broke through the resistance level at 113.00 on its way, say the analysts from FortFS.

The bulls will keep the leadership if they overpass the resistance at 113.80. Their target will be 114.60 and 115.40.

The bears will regain the initiative if they break through the support at 113.00. Their target will be 112.20 and 111.40.


Read the full review on our site:

Latest news

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]

Deposit Bonus 200%

2020-11-03 08:45:33

Only from November 02nd to December 04th, 2020, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of 200%? […]