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

CURRENCIES TECHNICAL ANALYSIS November.04

Euro

The EUR/USD traded mixed on Thursday. The pair was weakening the half of the day and strengthening the other half. Sellers pushed the price lower from the recent highs. The price almost reached the nearest support 1.1050 when the euro switched its sentiment to bullish one. The pair returned to the opening level by the end of the day. The resistance is seen at 1.1150, the support is at 1.1100.

The pair remained around its critical overbought line. The price needs to decrease to return its status quo. Sellers may push the price below 1.1100 towards 1.1050.
04_11_2016_%d0%b5urusd
Pound

The pound had a positive day and extended its short-term bullish momentum. The pair grew, breaking above previous day’s top. Buyers broke the level 1.2400 and tested 1.2500. The current resistance is seen at 1.2500, the support exists at 1.2400.

A break above 1.2500 will extend the current upward momentum. The price may strengthen to the 1.2600 level.
04_11_2016_gbpusd
Yen

The USD/JPY pair had a neutral/negative day on Thursday. The price remained around its recent lows in the 103.00 region. An attempt to recover was stopped around 103.25. A downward impetus sent prices back to 103.00. The resistance is at 103.50, the support comes in at 103.00.

04_11_2016_usdjpy

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

Latest news

Chinese New Year

2019-02-01 10:04:25

Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]

Welcome Bonus $75

2019-01-21 10:10:50

Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.