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

CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.27

Euro

A bearish tone prevailed in the 4 hours chart. Buyers led the price upwards from the level 1.1200 through 1.1250. The daily high was marked at 1.1280. The resistance is seen at 1.1250, the support stands at 1.1200.

The upward trend will remain as long as the pair remains above 1.1250. Should the price return below 1.1250 sellers will get another chance to drag the quotes to 1.1200.
27_09_2016 eurusd
Pound

The technical picture preserved a bearish tone. The price found a descent support at 1.2900. The GBP/USD bounced from the level and partly reversed losses. The current resistance is seen at 1.3000, the support exists at 1.2900.

We preserve bearish outlook for the currency. Any rebound above 1.2900 should be considered corrective. We expect a breakout of the current support and the continuation of the decline towards 1.2800.
27_09_2016 gbpusd

Yen

The USD/JPY maintained its bearish tone on Monday. The price retreated from the previous high at 101.00. The pair dipped to 100.40 where the downward pressure faded. The resistance is at 101.40, the support comes in at 100.40.

Any action around the 100.40 level will determine further direction of the pair. If the level holds the pair will recover to 101.40. A clear break below will target the currency pair towards 100.00.

27_09_2016 usdjpy

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

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]