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

CURRENCIES TECHNICAL ANALYSIS October.31

Euro

The EUR/USD had a positive day on Friday. The pair started the day around 1.0900. Buyers pushed the price upwards. The price broke the level 0.0950 and headed towards 1.1000. The resistance is seen at 1.1000, the support is at 1.0950.

If a buy mood persists the euro quotes may test the 1.1000 level. A move below 1.0950 will ease the upward momentum and will send the market to 1.0900.
31_10_2016_%d0%b5urusd
Pound

The bearish trend remained intact on Friday. The price touched the level 1.2100 and bounced upwards, erasing its recent losses. The current resistance is seen at 1.2200, the support exists at 1.2100.

The market preserved the bearish tone. If the downward pressure persists the GBP/USD will keep moving towards 1.2100.
31_10_2016_gbpusd
Yen

Despite the sharp drop on Friday USD/JPY remained in bulls' hands. The price traded at a fresh session high levels the first part of the day and moved lower in the second one.  Sellers pushed the pair from 105.50 to 104.50. The resistance is at 105.00, the support comes in at 104.50.

If the price consolidates below the 104.50 level the pair will advance towards 104.00.

31_10_2016_usdjpy

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

 

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

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 bonus funds for […]