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

CURRENCIES TECHNICAL ANALYSIS January.03

Euro

The euro closed bearish last week. Sellers seized control and pushed prices lower on Friday. The pair broke the level 1.0550 and headed towards 1.0500. The resistance is seen at 1.0550, the support stands at 1.0500.

If the price remains below 1.0550 sellers will extend their gains towards 1.0450. A return above 1.0550 would generate positive signal and risk further strengthening towards 1.0650.
03_01_20017_eurusd
Pound

The pound switched its positive sentiment to the negative one. After posting a weekly high at 1.2385 the price retreated erasing its recent gains. Sellers moved the major downwards heading towards its immediate support at 1.23. The current resistance is seen at 1.2400, the support lies at 1.2300.

A move below 1.23 will confirm sellers' presence. In this scenario sellers may drag prices below 1.23 towards 1.22.
03_01_2017_gbpusd
Yen

The pair had a mixed day on Friday. USD/JPY was growing in the Asian session and reversed its direction in the mid-European one. After posting a daily high at 117.18 the price turned around and softened. The resistance is at 117.00, the support comes in at 116.00.

If the price remains above 116.00 the upbeat tone will persist towards 117.00 and 118.00. A failure to hold above the level will suggest a new wave of weakness towards 115.00.

03_01_20017_usdjpy

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

Latest news

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]