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

CURRENCIES TECHNICAL ANALYSIS AUGUST.26

USD / JPY:

Japan national base index of the consumer prices (y / y), was -0.5% in July, with forecasts of -0.4%. The base consumer price index in Tokyo (y / y), was 0.4%, the forecast of -0.3% in August.

Volatility for the pair USD / JPY remains very low- most of the participants are out of the market in anticipation of Yellen speech. In the current situation, buyers and sellers are in balance, the price is around the middle level of the channel 100.30-100.40. After today weak statistics data, there was a small probability of correction upwards, on expectations of new stimulus measures by the Bank of Japan. Nevertheless, exit of the consolidation is based on Yellen performance and much will depend on its words. Current recommendations - out of the market.

26 aug USDJPY F

AUD / USD:

The pair continues to consolidate in a narrow range 0.7600-0.7650. The situation is not clear- breaking from consolidation can be in any direction. We tend to think that before AUDUSD test the key level of 0.7660 the pair will drop down to levels 0.7500-0.7550. What might be a good opportunity for longs . Current recommendations - out of the market.

26 aug AUDUSD f

NZD / USD:

The pair NZD / USD is continuing a slow but steady growth moving along a rising trend line. In NZD/USD market bulls have moved the price above the key resistance level 0,7300-0.7314. However, there was not confirming settlement signal still, we do not exclude a pullback on volatility. Recommendations - keep an eye on the market to enter longs with short stops as market pullbacks below, only after the main news event of the day.

26 aug NZDUSD f

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

Latest news

8,88% negative trades compensation

2019-04-02 06:51:06

FortFS launches Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically.

Unlimited Leverage

2019-03-01 16:41:06

What is the unlimited leverage? Usually it means borrowed funds provided by broker to clients to enable clients to open larger positions and to increase income from investing without increasing their investments. However, the leverage always has an established limit which is originally determined by the broker and cannot be changed.