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

CURRENCIES TECHNICAL ANALYSIS AUGUST.16

USD/JPY

The Japanese yen continued to strengthen during the Asian session and the pair USD/JPY was traded near the strategic level at JPY100 today.

During the decrease, the pair strengthened below 100.77. The weak US currency increased the chance of the breakthrough below that level.

We believe that by being locally oversold, the pair will be restricted by JPY99.90-100 from a further decrease. Before any further drop, another price jump will follow.

16 aug 2016 USDJPY
AUD/USD

Today, the Reserve bank of Australia announced the reason of interest rate drop. The protocols said that once economic growth perspectives in Australia remained stable, low interest rates would favor that growth.

During the Asian session, AUD/USD resumed its growth based on the weak US dollar and the strong, speculative growth of oil quotes.

The pair aimed to test the maximum of April 2016 at AUD 0.7830.

16 aug AUDUSD
NZD/USD

The pair NZD/USD resumed the growth as a result of common factors and in the nearest time we expect the break through 0.7300 and the market consolidated above this level.

16 aug nzausd

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

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]