Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
TECHNICAL ANALYSIS APR.07
2016-04-07 07:31:12
Euro
The analysts from Fort Financial Services said that the pair EUR/USD strengthened at the end of trading. On the 4-hour time-frame, the trades were held above 1.1350. The bears attempted to push this level down however unsuccessful. The price jumped up and the trades ended slightly below resistance at 1.1450.
The bulls will maintain the leadership if they break through the resistance at 1.1450. Their target will be 1.1550.
The bears will regain the initiative if they break through the support at 1.1350. Their target will be 1.1260 and 1.1150.
Pound
After the decrease on the 4-hour chart, the pair GBP/USD sharply increased. The bears dropped the price to 1.4080 from 1.4160. After almost reaching the level 1.4000 the pair headed up confidently overpassing the level of 1.4080, and tested the resistance at 1.4160.
The bulls will maintain the leadership if they break through the resistance at 1.4160. Their target will be 1.4240 and 1.4320.
The bears will regain the initiative if they break through the support at 1.4080. Their target will be 1.4000 and 1.3920.
Yen
The decrease of the currency instrument USD/JPY obtained a new impulse. On the 4-hour chart the price consolidated under 110.60. At the same time, the bulls tested this level from below. Towards the end of trading, the price sharply went down. The analysts from FortFS informed that the bears broke through the level 109.80.
The bulls will regain the initiative if they break through the resistance at 109.80. Their target will be 110.60 and 111.40.
The bears will maintain the initiative if they break through the support at 109.00. Their target will be 108.20.
Read the full review on our site:
https://www.fortfs.com
Latest news
8,88% negative trades compensation
2019-04-02 06:51:06
FortFS launches Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically.
2019-03-01 16:41:06
What is the unlimited leverage? Usually it means borrowed funds provided by broker to clients to enable clients to open larger positions and to increase income from investing without increasing their investments. However, the leverage always has an established limit which is originally determined by the broker and cannot be changed.