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

TECHNICAL ANALYSIS APR.29

Euro

The 4-hour chart shows low activity trading for the pair EUR/USD. Lack of growth stimulus allowed the pair to test only the upper limit of the range 1.1350. The analysts from Fort Financial Services said that the quotes late rolled back.

The bulls will regain the leadership if they break through the resistance at 1.1350. Their target will be 1.1450 and 1.1550.

The bears will maintain the initiative if they break through the support at 1.1260. Their target will be 1.1150 and 1.1050.

technical_eurusd_29_04_2016_2

Pound

On the 4-hour chart, the pound maintains its positions in the range limited by 1.4560-1.4670 and developes an upwards movement. During the session, the price moved in different directions and numerously tested the nearest support at 1.4560. Nevertheless, the pair ended the session above that level.

The bulls will maintain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760.

The bears will regain the initiative if they break through the support at 1.4560. Their target will be 1.4480 and 1.4400.

technical_gbpusd_29_04_2016

Yen

Due to the strong Japanese yen, a long candle was formed on the 4-hour time-frame of the pair USD/JPY. The analysts from FortFS said that during the price drop, a number of support levels were overpassed and the price level 108.20 was tested.

The bulls will regain the leadership if they break through the resistance at 109.00. Their target will be 109.80 and 110.60.

The bears will maintain the initiative if they break through the support at 108.20. Their target will be 107.40 and 106.60.

technical_usdjpy_29_04_2016

Read the full review on our site:
https://www.fortfs.com

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%? […]