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

CURRENCIES TECHNICAL ANALYSIS October.12

Euro

The pair remained in red figures yesterday. The euro continued to advance south and was able to break the level 1.1100. The EUR/USD approached the support 1.1070 during the North American session. The resistance is seen at 1.1100, the support stands at 1.1070.

A move below 1.1070 will indicate a resumption of a downtrend. If the EUR/USD pair manages to break above 1.1100, buyers may lead the price towards 1.1150.
12_10_2016_eurusd
Pound

The pound presented a modest bearish tone on Tuesday. The pair was low volatile during the day and sharply fell in the beginning of the North American session. The current resistance is seen at 1.2200, the support exists at 1.2100.

To trigger additional downward movement the price needs to break below the level – 1.2100. The pair is oversold and we expect an upward correction towards 1.2250.
12_10_2016_gbpusd
Yen

Buyers were unable to drive the pair higher. The price retreated from the local highs and erased some of its gains on Tuesday. Sellers pushed the price below the nearest level 103.50, but failed to drag it lower. The resistance exists at the level 103.50, the support comes in at 102.50.

If the pair keeps growing, the price will recover above the level 103.50 in the nearest time. Sellers can push the USD/JPY pair lower towards the 102.90 mark.

12_10_2016_usdjpy

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

Latest news

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 […]

No Deposit Bonus 100 USD

2020-08-20 20:43:20

Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]