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

CURRENCIES TECHNICAL ANALYSIS November.18

Euro

The pair presented a modestly bearish tone on yesterday's trades. Traders pushed the pair higher in the Asian session. Prices touched 1.0750 and bounced off the level. The common European currency continued to move south afterwards. Sellers broke 1.0700 and headed towards 1.0650. The resistance is seen at 1.0700, the support stands at 1.0650.

We will keep selling the pair if the price consolidates below 1.0700. A consolidation above the level will return bulls in the game. Buyers will lead prices towards 1.0800.

18_11_2016-eurusd

Pound

Traders were unable to move anywhere; the pair remained in a narrow range. A downward slide met a barrier around 1.2400. An upmove lost strength after testing 1.2500. The current resistance is seen at 1.2500, the support exists at 1.2400.

Once we break above the 1.2500 level, we think that the 1.2600 level will be next. A move below 1.2400 might force the pair to resume its downward trajectory towards 1.2300.

18_11_2016-gbpusd

Yen

The tone was neutral/positive on Thursday. The pair traded in a flat holding onto its recent gains. The resistance is at 110.00, the support comes in at 109.00.

A break above 110.00 will keep bulls in the driver's seat. After breaking the level buyers will aim at 110.50. A move below 109.00 will indicate that the current buyers’ phase is over.

18_11_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 […]