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

CURRENCIES TECHNICAL ANALYSIS MAY.31

Euro

The bullish influence returned to the pair EUR/USD and the price overpassed the resistance at 1.1130 on the 4-hour chart. The analysts from Fort Financial Services said that at the end of trading the pair started to consolidate.

The bulls will maintain the leadership if they break through the resistance at 1.1200. Their target will be 1.1250 and 1.1300.

The bears will regain the initiative if they break through the support at 1.1130. Their target will be 1.1070.

technical_eurusd_31_05_2016_1

Pound

Due to bank holidays in the USA and the United Kingdom, financial markets were closed and the pair trades were slightly volatile on the 4-hour time-frame. The pair consolidated in the range limited by 1.4560 - 1.4670, however there was a small growth at the end of trading.

The bulls will maintain the leadership if they break through the resistance at 1.4670. Their target will be 1.4760 and 1.4880.

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_31_05_2016_1

Yen

On the 4-hour time-frame the US dollar strengthened against the yen. As a result of the bulls’ activity, the level at 110.60 was overpassed. The closest resistance at 111.40 was taken as an obstacle by the buyers and that caused the price to rollback. The analysts from FortFS said that at the end of trading the pair started to consolidate.

The bulls will maintain the leadership if they break through the resistance at 111.40. Their target will be 112.20.

The bears will regain the initiative if they break through the support at 110.60. Their target will be 109.80 and 109.00.

technical_usdjpy_31_05_2016_1

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

Latest news

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]