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

CURRENCIES TECHNICAL ANALYSIS October.04

Euro

The EUR/USD pair extended its consolidation. The price went back and forth between the current support and the resistance. The resistance is seen at 1.1250, the support stands at 1.1200.

We will buy the euro if the price consolidates above 1.1250. If the EUR/USD breaks the support 1.1200 downwards the price will advance towards 1.1150.
03_10_2016 eurusd
Pound

The GBP/USD continued its bearish momentum. The pair opened the day with a gap on Monday. The price continued its decline during the day. Sellers broke the level 1.2900 and headed lower. The current resistance is seen at 1.2900, the support exists at 1.2800.

We believe that the pound will keep weakening towards the level 1.2800. We do not exclude a short-term bounce off to 1.2900.
03_10_2016 gbpusd

Yen

The recovery phase remained intact. The price kept climbing upwards during the day. The pair broke the level 101.40 and stopped at 101.60. The resistance is at 101.40, the support comes in at 100.40.

We prefer to stay neutral, waiting for new drivers.

03_10_2016 usdjpy

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

Latest news

Deposit Bonus 200%

2019-11-13 11:27:10

Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! 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 […]

WE ARE LOWERING THE SPREADS ON EURJPY AND GBPJPY!

2019-11-05 10:52:05

Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9             USDJPYf: 1.0             XAUUSDf: 3.5 Good […]