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

CURRENCIES TECHNICAL ANALYSIS October.19

Euro

The euro closed in the red figures yesterday. The market switched the tone to bearish. Sellers drove the price below 1.1000. The daily low was marked at 1.0969. The current resistance is seen at 1.1000, the support lies at 1.0950.

The pair now seems to be heading towards its immediate support near 1.0950. A break below the level will open the way towards 1.0900.
19_10_2016_eurusd
Pound

The pound had a positive day on Tuesday. The price left its side range and moved higher. Buyers were able to test the level 1.2300 during the NY session. The resistance is at 1.2300, the support comes in at 1.2200.

If the level 1.2300 remains unbroken the price will roll back to 1.2200. A break above this level risks a growth towards the next resistance at 1.2400.
19_10_2016_gbpusd
Yen

The USD/JPY pair was in a sell mode yesterday. Buyers were unable to break the level 104.00 higher. The dollar got under selling pressure on any up-move above the level. Yesterday the price bounced off the level and moved lower. The resistance is seen at 104.00, the support stands at 103.00.

A daily close below 104.00 will increase chances for an upside. Sellers may drive the price towards 103.00. We will place buy orders if the USD/JPY consolidate above 104.00.

19_10_2016_usdjpy

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

Latest news

8,88% Ultimate Cashback

2019-09-02 13:56:46

FortFS brings back the Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically. The promotion is available on FORT and FLEX accounts. […]

Reduced spreads are available until September 30!

2019-07-30 09:15:29

Dear traders and partners, FortFS extends deadlines for the reduced spreads! From July 19 to September 30, 2019, spreads for the 4 most popular currency pairs are: EURUSDf: 0.8 GBPUSDf: 0.9             USDJPYf: 1.0             XAUUSDf: 3.5