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

CURRENCIES TECHNICAL ANALYSIS October.25

Euro

The euro remained under pressure despite the positive EU statistics. There was buyers’ attempt to reclaim the level 1.0900 which failed ahead of Europe opening. The EUR/USD stayed below the level 1.0900 during the day. The resistance is seen at 1.0900, the support stands at 1.0830.

If the price remains below 1.0900 the pair will extend its losses towards 1.0850. Buyers will have a chance to develop an upward recovery if they fixate above 1.0900.
25_10_2016_eurusd
Pound

The pound remained inactive on Monday. The price traded in a range, close to its lower end. The current resistance is seen at 1.2300, the support lies at 1.2200.

A clear break below the channel support will indicate sellers' growth.  The price may decline to 1.2150. A move above 1.2300 would indicate that immediate upward pressure increase.
25_10_2016_gbpusd
Yen

The greenback kept the upbeat tone unchanged vs. its Japanese peer on Monday. Buyers pushed the price higher above 104.00 and headed towards 104.60. The resistance is at 104.60, the support comes in at 104.00.

If the price remains above 104.00 the upbeat tone will persist towards 104.60.

25_10_2016_usdjpy

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

Latest news

Deposit Bonus 200%

2019-11-13 11:27:10

Dear Clients! Only until December 01, a threefold increase in the deposit amount is available for all FortFS customers! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus […]

WE ARE LOWERING THE SPREADS ON EURJPY AND GBPJPY!

2019-11-05 10:52:05

Dear traders and partners, From October 29 to November 30, 2019, FortFS reduces spreads for 2 more pairs: EURJPYf: 1.3 GBPJPYf: 2.8 Spreads on the 4 most popular currency pairs will remain the same: EURUSDf: 0.8 GBPUSDf: 0.9             USDJPYf: 1.0             XAUUSDf: 3.5 Good […]