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

CURRENCIES TECHNICAL ANALYSIS January.06

Euro

The EUR/USD traded mixed on Thursday. The price was up in the Asian session, down during the European hours and returned to growth in the NY session. The price was fluctuating between 1.0550 and 1.0500 during the day. The resistance is seen at 1.0550, the support is at 1.0500.

We believe a break above 1.0550 will trigger another leg higher. Buyers may lead prices to 1.0600.
06_01_2017_eurusd
Pound

The pound maintained control of the flows on Thursday. After the recent recovery buyers do not hurry to give up their gains. The GBP/USD stayed above 1.23 battling with the level during the day. The current resistance is seen at 1.2400, the support exists at 1.2300.

A break below 1.2300 will extend a downward momentum. The price may fall to the 1.2200 handle.
06_01_2017_gbpusd
Yen

The upward trend remained intact on Thursday. Despite the overall positive sentiment a fresh selling interest drove the price lower. The yen took advantage of the current US dollar weakness and reversed some of its losses. Sellers broke 117.00 and moved to 116.00 handle where they spend the day. The resistance is at 117.00, the support comes in at 116.00.

If the pair breaks below 116.00 we expect to see renewed bearish pressure. Sellers may lead prices to 115.00.

06_01_2017_usdjpy

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

Latest news

8,88% negative trades compensation

2019-04-02 06:51:06

FortFS launches Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically.

Unlimited Leverage

2019-03-01 16:41:06

What is the unlimited leverage? Usually it means borrowed funds provided by broker to clients to enable clients to open larger positions and to increase income from investing without increasing their investments. However, the leverage always has an established limit which is originally determined by the broker and cannot be changed.