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

CURRENCIES TECHNICAL ANALYSIS October.05

Euro

The pair traded in the red figures on Tuesday. The euro has been decreasing the second day in a row. Sellers led the price from the level 1.1250 to 1.1150 where the selling pressure weakened. The resistance is seen at 1.1200, the support stands at 1.1150.

A move below 1.1150 will indicate a resumption of a downtrend. If the EUR/USD pair manages to break above 1.1250, buyers may lead the price towards 1.1270 – 1.1300.
05_10_2016_eurusd
Pound

The pound remained in a descending channel on Tuesday. The price moved lower and was able to reach the 31-yeal lows. The current resistance is seen at 1.2800, the support exists at 1.2700.

To trigger additional downward movement the price needs to break the level – 1.2700. The pair is oversold and we expect an upward correction towards 1.2850.
05_10_2016_gbpusd
Yen

The dollar extended its strength on Tuesday. The pair grew and broke above the previous day top. The USD/JPY broke 102.50 and headed towards the 103.50 level. The resistance exists at the level 103.50, the support comes in at 102.50.

If the pair keeps climbing, the price will reach the level 103.50 in the nearest time.

05_10_2016_usdjpy

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

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

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 bonus funds for […]