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

CURRENCIES TECHNICAL ANALYSIS October.17

Euro

A bearish tone prevailed in the 4 hours chart on Friday. The EUR/USD pair continued to advance south. Sellers were able to break below 1.1000 and even moved lower. The resistance comes in at the level 1.1000, the support lies at 1.0950.

If the pressure persists the pair will decline further. Should the pair consolidate below 1.1000, sellers will lead the price towards 1.0950.
17_10_2016_eurusd
Pound

Sterling was little changed on Friday. The price remains neutral/negative in the short term. The GBP/USD traded in a tight range between 1.2170 and 1.2260 on Friday. The resistance exists at the level 1.2300, the support stands at 1.2200.

A move below 1.2200 will increase sellers' strength. Bears may lead the price towards 1.2100. To keep on with the recovery the price needs to reach the level 1.2300.
17_10_2016_gbpusd
Yen

The USD/JPY enjoyed a mixed session through trade on Friday. The price grew the first part of the day and set a daily high at 1045.47. The pair turned around and decreased in the North American session. Sellers pushed the price to the nearest support - 104.00. The resistance is at 104.00, the support comes in at 103.00.

We think that the tone will remain positive in a short-term. The pair will grow on the back of a stronger dollar. Buyers will push the price towards 104.63. Alternatively, the USD/JPY pair may weaken towards 103.30.

17_10_2016_usdjpy

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

 

Latest news

Spreads on popular contracts reduced!

2019-06-13 16:17:20

Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading

Alpha Bonus

2019-05-07 13:21:56

Dreaming of ruling the Forex universe?  FortFS will help you realize your dreams! From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!