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

CURRENCIES TECHNICAL ANALYSIS April.17

Euro

The euro remained under pressure on Friday. An attempt to recover stalled at 1.0627 where the market reversed its direction and returned to the opening price. The resistance is seen at 1.0650, the support stands at 1.0600.

If the price consolidates above 1.0600 buyers may extend their gains towards 1.0650. A break below 1.0600 may lead to a further weakness towards 1.0575.



Pound

We maintain our negative outlook for the pair. Buyers failed to develop any meaningful recovery on Friday. The upward impetus lost its legs at 1.2537. The spot stopped and hovered above 1.2500 till the end of the day. The current resistance is seen at 1.2600, the support lies at 1.2500.

A move below 1.2500 will strengthen sellers’ positions. In this scenario bears may drag prices towards 1.2400.



Yen

The yen maintained its upbeat tone dragging the USD/JPY pair downside. The major broke 109.00 in the morning after spending the night in a flat. The price was weakening the whole day and stopped its decline at 108.56. The resistance is at 109.00, the support comes in at 108.00.

If the price remains below 109.00 the downbeat tone will persist towards 108.00.

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! 🏆 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 📍 How to get the bonus: 1) Register an […]