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

CURRENCIES TECHNICAL ANALYSIS October.21

Euro

The EUR/USD pair maintained its bearish tone. The main currency pair continued to advance south yesterday. The price briefly spiked upwards in the European session. The pair  shortly pierced the level 1.1000 and returned below it. The price broke 1.0950 and headed towards the level 1.0900 in the North American session. The resistance is seen at 1.0950, the support stands at 1.0900.

If sellers retain control the price will test 1.0900 today.
21_10_2016_eurusd
Pound

The pound slightly moved from its fresh highs. The price remained in a range, the GBP/USD approached its lower boundary. After touching the level 1.2000 the quotes bounced off the level and slightly strengthened. The current resistance is seen at 1.2300, the support lies at 1.2200.

As the most probable scenario, we consider further moving downwards and return to the level at 1.2200. We believe bulls will try to retake the level one more time.
21_10_2016_gbpusd
Yen

The USD/JPY closed bullish yesterday. The pair faced a buying pressure around the 103.00 support area and strengthened to the nearest resistance 104.00. The resistance is at 104.00, the support comes in at 103.00.

If the buying pressure persists the USD/JPY pair will break the level 104.00 and will extend its gains towards 104.62. If the level 104.00 rejects the price the currency pair will return to 103.00.

21_10_2016_usdjpy

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

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING 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 […]

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 […]