08.01.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has shown strong growth during which was able to break through the upper boundary of the local descending channel and approached to the level of 1.0950. After strong growth in the previous days, we expect the resumption of a negative price dynamics and reaching of the target marks on the 1.0800 and 1.07000. Our medium-term outlook remains negative and we recommend accumulating short positions.

Nearest resistance levels: 1.0900, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD broke through the important level of 1.4600, but failed to gain a foothold below it and corrected upwards. Further growth is possible to the angled line of resistance and its breaking through will be the basis for further growth of quotations to 1.4800 and 1.5000. Our medium-term outlook remains negative, but we do not exclude the upward correction in the near future.

Nearest resistance levels: 1.4700, 1.4800, 1.5000, 1.5200, 1.5250, 1.5300, 1.5500, 1.5675

Nearest support levels: 1.4600, 1.4500, 1.4260, 1.4000

Currencies trading and Japanese yen. The price of USD/JPY broke through the inclined support line and reached the level of 117.50 and then corrected upwards. According to our estimates, the upward movement may continue in the near future within the correction and the price can reach the levels of 119.00 and 120.20. Our medium-term outlook is positive and we see an opportunity to buy with the short stop below 117.50 and objectives at 120.20, 121.50 and 122.30.

Nearest resistance levels: 119.00, 120.20, 120.60, 121.50, 122.30, 123.60, 124.50, 125.00

Nearest support levels: 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD after reaching the level of 0.7000, and some consolidation around it started to correct upward and broke through the upper limit of the local downward channel. Our medium-term outlook is negative and after the current correction that may last till 0,7100-0,7150, we expect a further decline to 0.6800. We also expect a decline in the medium term.

Nearest resistance levels: 0.7080, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500, 0.7600, 0.7700

Nearest support levels: 0.7000, 0.6900, 0.6750, 0.6600

November 27, 2015 of AUD-USD Performance

Currencies trading and New Zealand dollar. The price of NZD/USD could not continue to fall after reaching the level of 0.6600, and some consolidation above this mark. Currently quotes are corrected upwards and may rise to 0.6700. Our medium-term outlook remains negative and we are waiting for further decline of price to the levels of 0.6450 and 0.6250.

Nearest resistance levels: 0.6700, 0.6800, 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250

November 27, 2015 of NZD-USD Performance

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.