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

CURRENCIES TECHNICAL ANALYSIS December.09

Euro

A bid tone which lasted 4 days lost its legs around the level 1.0850 yesterday. The price turned around and sharply fell breaking a bunch of levels on its way downwards. Sellers ran out of steam at 1.0600 where the pair stopped and formed consolidation. The resistance is seen at 1.0650, the support stands at 1.0600.

We will keep selling the pair if the price consolidates below 1.0600. Meanwhile we wait for a correction caused by profit-taking towards 1.0650-1.0660.
09_12_2016_eurusd
Pound

Sellers returned control of the flows. After touching the 1.2700 level the pair faced downward rejection. The pound fell to 1.2600 and even moved lower afterwards slowing down at 1.2550. The current resistance is seen at 1.2600, the support exists at 1.2500.

We believe sellers will continue to dominate in the market. Once we consolidate below 1.2600, we think that the 1.2500 level will be next.
09_12_21016_gbpusd
Yen

The USD/JPY pair extended its upward momentum on Thursday. Prices bounced off the level 113.00 broke 114.00 and moved higher. Buyers lost strength at 114.50 where the price slowed down and slightly rolled back afterwards. The resistance is at 115.00, the support comes in at 114.00.

A break above 114.50 will keep bulls in the driver's seat. After breaking the mark buyers will aim at 115.00. A move below 114.00 will ease the current buying pressure.

09_12_2016_usdjpy

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

Latest news

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 […]

No Deposit Bonus 100 USD

2020-08-20 20:43:20

Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]