13.10.2014 - TechnIcal view

The price of EUR/USD after falling to the level of 1.2600 started to correct upwards and reached the level of 1.2700. In case of further growth, the price can reach the level of 1.2800 and SMA200. In case of renewal of falling, the price can return inside the descending channel and reach the level of a local minimum of about 1.2500. We expect a drop in prices in the medium term and save a negative outlook.

Nearest resistance levels: 1.2700, 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2600, 1.2500, 1.2450, 1.2200

September 5 of EUR-USD Performance

The price of GBP/USD reached the psychologically important level of 1.6000 but failed to break it and started to correct upwards. Possible drop is limited by the levels of support 1.5960 and 1.6000. We expect continued growth in the near future with the objectives of 1,6200 and 1,6300. Reduction potential is very limited and we expect growth of the price of the British pound in the medium term with the objectives of 1.6670 and 1.6900.

Nearest resistance levels: 1.6200, 1.6300, 1.6400, 1.6450, 1.6535, 1.6600

Nearest support levels: 1.6100, 1.6050, 1.6000, 1.5800, 1.5600

The price of USD/JPY after a long consolidation around the level of 108.00 continued to decline within the local downward channel and now approached the important support level of 107.00. Despite the strong downward momentum, we expect the price rebound to the upper boundary of the descending channel. If the price will fix below 107.00, quotations may fall to 105.40. Despite this, we maintain a positive outlook for the medium-term, but recommend wait for confirmation of a buy signal.

Nearest resistance levels: 108.50, 110.00, 111.00, 115.00, 120.00

Nearest support levels: 107.00, 106.00, 105.40, 104.70, 104.00, 103.70

The price of AUD/USD once again reached the level of support 0.8660, but could not overcome it and now is correcting upwards. In case of further growth, quotes, can grow up to 0.8800 and 0.8900. Despite the increase in the amplitude of the oscillations, we expect the negative dynamics of prices and maintain a medium-term negative outlook with the target near 0.8500 and recommend holding short positions.

Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500

The price of NZD/USD is correcting upwards after some consolidation above 0.7800. Further growth is limited by the resistance level at 0.7900 and sloping resistance line. In case of breaking through these levels and fixation above 0.8000, we recommend closing short positions and to open long ones. Despite the stop of the downward dynamics, we keep medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7800, 0.7740, 0.7700, 0.7500

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.