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13.02.2015 - ​Technical view

The price of EUR/USD continued to rise after failed to overcome the support level at 1.1280. At the moment, the quotes broke through the level of 1.1400 and with a high probability will reach the level of 1.1500. To overcome this mark will be needed a strong incentive and we consider such a scenario as unlikely. According to our forecasts fall will resume shortly after reaching 1.1500. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1500, 1.1540, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1350, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD after breaking through the inclined resistance line and the level of local maximum at 1.5350, continued its growth, which was the signal for the opening of short-term long positions. The target level in this case is a mark of 1.5500. In case of correction, quotations may fall to the levels 1.5350 and 1.5300. Our medium-term view remains negative, but at this point we recommend holding long positions with a target at 1.5500.

Nearest resistance levels: 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5000, 1.4700, 1.4500

The price of USD/JPY failed to reach the level of 120.75 and started to correct sharply after a successful attempt to overcome the level of 120.50. At the moment, quotes reached the level of 118.50, and according to our forecasts can resume the growth to 120.00. In this regard, we note a good opportunity to open long positions with a short stop. Our medium-term outlook is positive and we recommend holding long positions.

Nearest resistance levels: 120.00, 120.50, 122.00, 125.00

Nearest support levels: 118.50, 117.00, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD rebounded from a strong support level at 0.7660, which is located near the local minimum. At the moment, the price reached the inclined resistance line and in case of breaking this resistance will continue to grow to a strong level of 0.7840. In case of resumption of downward movement, quotations may fall to 0.7660. We maintain our medium-term negative outlook, but do not exclude the possibility of short-term growth in the near future.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD continues to grow and after the rebound from the support level at 0.7340, the upper limit of the corridor 0,7340-0,7440 and is currently trying to gain a foothold above it. According to our estimates, quotes may reach a strong level of 0.7500. Despite this, we recommend keeping a short position with a stop above 0.7500 and maintain a medium-term negative outlook.

Nearest resistance levels: 0.7440, 0.7500, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7340, 0.7300, 0.7200, 0.7000

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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.
The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here