11.10.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has returned to the level of 1.1140, after failed to overcome the resistance at 1.1200, and has resumed the fall. Further target while reducing will be the levels 1.1050, 1.0985 and 1.0850. Our medium-term outlook remains negative, and growth in the correction will be limited by the levels 1,1200-1,1260.

Nearest resistance levels: 1,1140, 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD has continued to decline steadily and with high probability in the near future will reach the first target at 1.2200 and then may continue decline to 1.1200, 1.1600 and 1.1500. In case of correction, quotes, will return to the levels of resistance at 1,2500-1,2600. According to our estimates, the decline will continue in the near future and the medium-term outlook also remains negative.

Nearest resistance levels: 1,2500, 1,2600, 1,2800, 1,3000, 1,3225, 1,3350, 1,3500, 1.3600

Nearest support levels: 1,2200, 1,2000, 1,1600, 1,1500

Currencies trading and Japanese yen. The price of USD/JPY has continued growth within the local uptrend. At the moment quotes are trying to gain a foothold above the important level of 103.50 and in case of success the closest targets will be 105,00, 106,40 and 108,00. The breaking of the rising channel's lower border, and the level of 102.60, will be the cause for reducing the price to 101.40 and 100.00. Our medium-term outlook remains positive and growth is likely to continue in the near future.

Nearest resistance levels: 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 103,50, 101,40, 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD after some consolidation around the level of 0.7600, continued to decline. It is worth noting that the price fixing below 0.7600, was the signal for the opening short positions with a stop above 0.7700 and the target levels at 0.7450, 0.7320 and 0.7120. Our medium-term outlook remains negative and the probability of falling prices is high in the near future.

Nearest resistance levels: 0,7600, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD accelerated the fall and has overcome the level of 0.7130. It is worth mentioning that the price fixing below 0.7200 has become a strong signal to sell with targets at 0.6820, 0.6600 and 0.6450. Stop should be set above 0.7320 and when reaching the level of 0.7050, it should be moved closer to 0.7200. Our medium-term outlook remains negative and we expect a strong drop in price in the near future.

Nearest resistance levels: 0,7130, 0,7200, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450

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.