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

CURRENCIES TECHNICAL ANALYSIS November.01

Euro

The EUR/USD closed the day bullish. The downward movement switched to the bullish one. The price broke the level 1.0950 but failed to move further. The pair turned around and faced an upward pressure. The euro headed towards 1.1000 in the North American session. The resistance comes in at the level 1.1000, the support lies at 1.0950.

If the upward momentum remains intact buyers will lead the price to 1.1000. Otherwise, the EUR/USD will return below 1.0950.
01_11_2016_eurusd
Pound

Bulls fought back control on Monday. The price was under selling pressure during the day. The pair stayed below 1.2200 during the European hours. The pound moved upwards ahead of the Asian opening. The price broke the level 1.2200 upwards and moved towards 1.2300. The resistance exists at the level 1.2300, the support stands at 1.2200.

If the price remains above 1.2200 the buying pressure will increase. Buyers' targets are the marks 1.2250 and 1.2300.
01_11_2016_gbpusd
Yen

The pair presented a modest bearish tone on Monday. Prices grew during the day, refreshing a daily high at 105.21. Buyers failed to hold their gains and the price declined below 105.00. The USD/JPY closed the day bearish. The resistance is at 105.00, the support comes in at 104.50.

If the USD/JPY fixates below the level 105.00 the pair will move towards the mark 104.50. A move above 105.00 will trigger an upward movement towards 105.50.

02_09_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 […]