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



EUR/USD remains in an upward channel on Monday. Buyers managed to reverse a minor potion of their losses and lifted the price to 1.1900. The spot kept flirting with the level the first part of the day. The resistance resides at 1.1900, the support comes in at 1.1850.

Sellers are about to break below the lower end of the ascending channel. A break below the line may open the door for further weakness towards 1.1700. If the line stands the euro may return to 1.2000 in the short-term.



The bullish views are still popular. However, buyers did not find any reason to push the spot higher and stepped away. Sellers started pushing the price downwards after that. The pair softened to 1.2940 by noon. The resistance lies at 1.3000, the support comes in at 1.2900.

The pound still has a chance to grow above the US dollar and to reach 1.3000. If buyers remain lucky they will regain the level this week. A sharp breakout above 1.3000 could spark a further rally towards 1.3050 in the coming sessions.



Buyers lost steam around 110.50. The price sharply dropped to 110.00 and after a brief pause tested 109.50 in the European trades. The resistance lies at 110.00, the support comes in at 109.00.

If the selling pressure persists bears may drive the market to 109.00 in the coming sessions.



The pound gave up its recent highs and edged lower on Monday. The spot started the day with a gap downwards. The pound continued its downward trajectory afterwards. The currency pair regained 142.00 in the morning and advanced down to 141.60 by noon. The resistance lies at 142.00, the support is at 141.00.

If a bearish tone persists we expect sellers’ further extension towards 141.00. A break below the level will suggest its further weakening towards 140.00.



Buyers gave up their attempts to break above 131.50 and retreated. Sellers took this chance driving the spot to the negative ground. They pushed the price to 131.00 first and after a brief consolidation phase extended their gains towards 130.00. The resistance lies at 131.00, the support lies in at 130.50.

All eyes are right now at the support level 130.00 the loss of which is needed daily bears for extension towards next strong support at 129.00.



Sellers faced a decent support at 0.7150. Their first attempt to regain the handle failed. The price bounced off the level and slightly grew. The second attempt failed as well. As a result the spot is still around the level keeping flirting with it. The resistance is at 0.7200, the support stands 0.7150.

We preserve our short-term bearish outlook for the pair. We believe bears will keep struggling with the 0.7150 level in the coming days.



DAX gapped downwards on Monday. The price jumped from 12145 to 12053 at the open. Buyers found strength after that to reverse some losses. They managed to return DAX to 12100 by noon. The resistance lies at 12100, the support exists at 12000.  

The benchmark is still in a downward channel. The index is around its upper limit and we expect a bounce downwards any moment now.  Sellers aim at 12000 first, en route to 11900.



It seems nothing can stop buyers who keep conquering new highs. The recent rally stopped at the round level 6000 which slowed down bulls' advance. NASDAQ just pierced the hurdle and lost momentum rolling back below the line. The benchmark started a week with a gap downwards. The price jumped from 6000 to 5960 where the index spent the day. The resistance lies at 6000, the support exists in at 5960.

We believe the index will stay for a while around the current support. Taking into consideration the overbought readings the benchmark may ease to the 5960-5940 region in the coming sessions.

Read the full review on our site:

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

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 […]