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



The buying momentum lost steam around 1.2000. Buyers met a decent obstacle and had to stop on Tuesday. EUR/USD presented a neutral-to-bullish stance during the Asian trades. Buyers became active in the morning and tried to push the pair off the handle. The resistance resides at 1.2050, the support comes in at 1200.

A break above 1.2000 could extend the rally short-term sending this pair towards 1.2050. While a daily close below 1.1950 will open doors for a decline towards 1.1900



The pound tried to reach 1.3600 but failed. The major spiked towards the level and even touched the hurdle. However, a growing dollar keeps weighing on the pound. As a result, the pair bounced from the level and eased back to the opening prices. The resistance lies at 1.3600, the support comes in at 1.3500.

As we see bulls do not have enough steam to continue their rally. The spot is at risk of extending its decline now. Bulls may pull back any moment now dragging the price to 1.3400.



The USD/JPY pair approached a critical resistance at 112.00. As we can see bulls do not have any intention to drive the market higher or, perhaps, they do not to have enough steam to push the price higher. Nevertheless, the spot is in a consolidation phase right now tending to move lower. USD/JPY approached 111.00 by the noon. The resistance lies at 112.00, the support comes in at 111.00.

We preserve our neutral/bullish outlook. We will buy the spot until it is above 110.00. Our next profit-target is at 112.00.



The neutral stance persists in the GBP/JPY pair. The price keeps moving back and forth between 151.00 и 150.00.The resistance lies at 151.00, the support is at 150.00.

The more pair is in a flat the more doubtful we are about its positive perspective. If buyers fail to advance north sellers may become more active and move the market price to 149.00.



A sell-off from 134.00 was stopped in the 133.50 region on Tuesday where fresh bids helped the euro to reverse a minor portion of its losses during the night trades. The pair returned to 134.00, tested the level and rebounded from it after that. The resistance lies at 134.00, the support lies in at 133.50.

We assume the pair will be neutral-to-bearish the coming sessions. We do not exclude a move below 113.50 which risks 133.00.



The pair stopped after touching 1.2300 when the US dollar lost some momentum. The pair spent the night in a tight range 1.2300 – 1.2550 and moved lower in the morning. Sellers were driving the spot down the whole day and approached 1.2200 in the yearly NY session. The resistance is at 1.2300, the support stands 1.2200.

The pair might extend its advance but first it needs to break above 1.2300. A cut through here will open the way towards 1.2350-1.2400. Meanwhile, the 1.2300 level rejected the spot, sellers may drive the spot to 1.2200 in the coming sessions.



DAX remains in a familiar range trading between 12600 and 12500 on Wednesday. The resistance lies at 12600, the support exists at 12500.  

We believe the DAX index will not change its position today.



NASDAQ preserved its neutral-to-bearish stance during the Asian and European sessions on Wednesday. The benchmark kept flirting with 6000. The resistance lies at 6000, the support exists in at 5960.

The overall outlook remains bullish, for rise towards the 6040 resistance area.

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 […]