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

CURRENCIES TECHNICAL ANALYSIS March.20

Euro

The pair traded mixed on Friday. The majors were neutral the first part of the day and turned bearish the second one. Sellers pushed the euro down from its recent highs in the late European session. The spot broke 1.0750 and advanced down to 1.0730 where the downward impetus faded. The resistance comes in at the level 1.0750, the support lies at 1.0700.

If selling pressure persists the EUR/USD pair will test 1.0700 in the shortest time.



Pound

A bullish tone prevailed on Friday. The pound was neutral during the night and even lost some ground. However, bulls regained control in the morning and continued their winning streak afterwards. Buyers pushed the spot higher and reached 1.2400 at the beginning of the European session. Buyers failed to advance beyond the hurdle and remained around the level till the end of trades. The resistance exists at the level 1.2400, the support stands at 1.2300.

If the price stays below the 1.2400 region the selling pressure may increase towards 1.2300.



Yen

The US dollar opened red against the yen on Friday. Sellers were pushing the price lower the whole day and touched 113.00 in the noon. The support did not stop sellers who continued advancing south afterwards. Sellers led the price to 112.70 where they closed the day. The resistance is at 113.00, the support comes in at 112.00.

The trend is clearly bearish for now. A move below 112.50 will open the way to 112.00.

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

Latest news

Deposit Bonus 200%

2021-04-13 10:05:09

Only from April 12, 2021, to May 14, 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 […]

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