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

CURRENCIES TECHNICAL ANALYSIS December.15

Euro

The price extended its upward momentum during the European session on Wednesday. The euro pushed away from 1.0600 and advanced north during the course of trades. The EUR/USD spent the day below 1.0650 and made an attempt to break it in the NY session. The EUR/USD dropped to 1.0500 in the North American session. The resistance comes in at the level 1.0550, the support lies at 1.0500.

If the downward momentum persists sellers will lead the price to 1.0450.

15_12_2016_eurusd

Pound

The GBP/USD pair was under selling pressure in the European session on Wednesday. Sellers held the price around the session lows at 1.2650. A fresh buying pressure rose the pound to 1.27 in the NA session. However, the upward impetus had no legs and the pound sharply dropped to 1.25. The resistance exists at the level 1.2600, the support stands at 1.2500.

If the price stays below 1.2600 the selling pressure will increase. Sellers might force the pair to resume its downward trajectory towards 1.2500 and 1.2450.

15_12_2016_gbpusd

Yen

USD/JPY extended its consolidation phase on Wednesday. The market seemed fairly balanced staying in a tight range around 115.00 during the day. A fresh buying interest pushed the US dollar higher which broke 116.00 and 117.00 and tested 118.00 in the Asian session on Thursday. The resistance is at 118.00, the support comes in at 117.00.

If the USD/JPY fixates above the level 117.00 the price will edge higher towards 118.00.

15_12_2016_usdjpy

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

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]