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

CURRENCIES TECHNICAL ANALYSIS JUNE.14

Euro

On the 4-hour chart, the quotes of the pair EUR/USD headed up after a downward correction. The support at 1.1250 served as a foothold. The analysts from Fort Financial Services said that the sellers restrained a further growth near resistance at 1.1300.

The bulls will maintain the leadership if they break through the resistance at 1.1300. Their target will be 1.1370 and 1.1450.

The bears will regain the initiative if they break through the support at 1.1250. Their target will be 1.1200 and 1.1130.

technical_eurusd_14_06_2016_1

Pound

It was clearly seen on the 4-hour time-frame that the pair was under the bears’ influence. The buyers attempted to recover the losses by rebounding from the support at 1.4150 however, the price reached the level of 1.4320 but then declined back to 1.4240.

The bulls will regain the leadership if they break through the resistance at 1.4240. Their target will be 1.4320 and 1.4400.

The bears will maintain the initiative if they break through the support at 1.4150. Their target will be 1.4060.

technical_gbpusd_14_06_2016_1

Yen

The currency instrument was traded under pressure on the 4-hour time-frame. The Japanese yen was at demand and strengthened its positions which allowed to test support at 106.00. The analysts from FortFS said that the market remained in the downward trend.

The bulls will regain the leadership if they break through the resistance at 107.00. Their target will be 108.00 and 109.00.

The bears will maintain the initiative if they break through the support at 106.00. Their target will be 105.00.

technical_usdjpy_14_06_2016

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

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.