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

Brief Technical Analysis August.24

Euro

The EUR/USD remains in a familiar range fluctuating between 1.1800 and 1.1750. Sellers defend the 1.1800 hurdle well not allowing buyers to move beyond the level. Inability to post fresh gains may send this market to 1.1700.

 

Pound

The pound continued its slide and broke 1.2800 on Wednesday. The spot traded in a narrow range below 1.2800 the whole night and the morning. A move below 1.2800 will confirm sellers' strength allowing them to test 1.2750.

 

Yen

The US dollar is trying to leave the downward channel. Buyers broke the upper limit of the channel and are trying to consolidate above it right now. If bulls sustain their winning pace the major may advance to 110.00.

Gold

Gold prices are trying to leave the current flat. Sellers are struggling hard to break below its lower border. A break below 1285 would generate negative signal and risk further easing towards 1280 - 1275.

 

Brent

Brent is still in a buy mode. The benchmark bounced off 51.50 and spiked to 52.50 where the upward momentum faded. If buyers retain control Brent oil prices may strengthen to 53.50.

Latest news

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]

No Deposit Bonus 100 USD

2020-08-20 20:43:20

Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]