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

CURRENCIES TECHNICAL ANALYSIS AUGUST.25

Euro:

August 25, the FOREX market continues to trade quite, as most financial markets have stabilized, awaiting Federal Reserve Chairman Janet Yellen speech on Friday. Hopefully the press-conference will shed light on the likehood and timing of US interest rates hike. The oil market also can not determine the direction of movement after the controversial data on US oil inventories and speculation regarding the position of Iran. The focus of data now is on durable goods orders, and tomorrow's US GDP.

25 aug EURUSD mt

Yen:

The pair continues to consolidate within the channel 99.90-100.79. Yesterday USD / JPY has once again pulled back off the bottom level of the channel. We expect consolidation trade until the Friday results. However, the probability of further downside movement after consolidation on technical factors become higher.

25 aug USDJPY

Australian Dollar:

Yesterday, on the daily chart of AUD / USD, there was a doji reversal pattern, and then, during the Asian session, bulls resumed growth to test 0.7650. Support is in the area of 0.7595. Resistance area is at 0.7650-0.7660.

25 aug AUDUSD mt

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 […]