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




EUR/USD tested the lower end of the ascending channel. The euro tried to pressure the 1.2350 support, but failed to regain the level and had to retreat. The pair moved off the handle after that and partly recovered to the 1.2450 region. The resistance resides at 1.2450, the support comes in at 1.2400.


We are waiting for the next buyers’ move. They may attack 1.2450 in the upcoming sessions. If they manage to break the level they could push the price to 1.2500. As an alternative scenario we expect a rebound and a fall towards 1.2350.




The pound is maintaining a gloomy trend on Tuesday. Sellers drove the major to the 1.4000 handle where the EMA50 existed. The line stopped the decline and rejected the pair. The sterling recovered to the 1.4100 handle after that and broke the barrier in the late European session. The resistance lies at 1.4100, the support comes in at 1.4000.


If the US dollar remains well offered the pound will demonstrate a confident increase towards 1.4200.




The US dollar bounced from the 109.00 resistance level in the Asian session. The major declined to 108.60 afterwards where the spot closed the European session. The resistance lies at 109.00, the support comes in at 108.00.


Sellers could move the pair to 108.00 now. After a sustained break below the level, bears will move the pair to the 107.00 area.




The GBP/JPY pair sharply dropped on Tuesday. Sellers drove the price from the 153.00 hurdle to the 152.00 support level. The pair faced buying rejection after that and rebounded. Buyers returned the price to 153.00 afterwards. The resistance lies at 154.00, the support is at 153.00.


If buyers move the pair above 153.00, they would neutralize the selling pressure. The level 154.00 would become the next buyers' target.




Sellers met a barrier in the 134.00 region. The single currency rebounded off the handle after that and recovered to 135.00 where the upward momentum lost legs in the late European session. The resistance lies at 135.00, the support is at 134.50.


We do not exclude another attack at 135.00.  A close above the level may trigger growth towards 135.50.




Buyers do not want to give up their positions. They stopped sellers at the level 0.8050 and pushed the AUD/USD pair to 0.8100 after that. The resistance is at 0.8100, the support stands 0.8050.


A sharp breakout above 0.8100 could spark a further incline towards 0.8150 in the coming sessions.




DAX traded mixed the first part of the day. The index gapped downwards at the open and jumped to 13200 where the benchmark found fresh bids and recovered to the opening prices. Sellers seized control around 13300 and returned the price to 13200 after that. The resistance lies at 13300, the support exists at 13200.


If the selling pressure around DAX remains intact the index may retake the 13200 handle and decline to 13100.




Bears regained control last week and pushed the index lower. They extended its decline on Tuesday when made a break below 6980 and tested 6940. The resistance lies at 6980, the support exists in at 6940.


If the bearish tone persists we expect a breakout of the level 6940 and a move towards 6900.

Read the full review on our site:

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