18.03.2015 - Technical view

The price of EUR/USD reached the inclined resistance line, but could not break through it and continued to fall. Today is forecasted strong growth of volatility. Signal for the opening of short-term long positions will be fixation above 1.0700. In this case, quotes can grow up to 1.0900. More likely is a continuation of a drop in prices with the objectives of 1.0500, 1.0400 and 1.0000. Our medium-term outlook remains negative and we recommend holding short positions.

Nearest resistance levels: 1.0700, 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0500, 1.0400, 1.0100

The price of GBP/USD approached the target level of 1.4700 and continues to move under the inclined resistance line. In case of breaking and fixing the prices above 1.4900, we expect growth to 1.5000, 1.5200 and 1.5350. At the moment, more likely is a continuation of the downward movement with the potential of fall to 1.4500 and 1.4400. Our medium-term outlook remains negative.

Nearest resistance levels: 1.4900, 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4700, 1.4500

February 4, 2015 of GBP-USD Performance

The price of USD/JPY continues to move within a narrow range near the level of 121.50. Currently quotes are near the upper boundary of the rising channel. For the continuation of growth with the potential of reaching 124.00 and 125.00, the price must be fixed above 122.00. Fall is limited by the level of 119.50, below which we recommend to keep the stop. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 122.00, 125.00

Nearest support levels: 120.50, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

February 4 of USD Performance

The price of AUD/USD continues gradual decline along the inclined resistance line and currently reached an important level of 0.7600. We forecast that a drop in prices will continue in the near future with the potential of reaching 0.7500, after which the decline may continue until 0.7200. In case of growth, the signal for opening short-term long positions with the target at 0,7900 will be fixing the prices above 0.7700. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 0.7750, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7600, 0.7500, 0.7200

The price of NZD/USD started to decrease sharply after failed to overcome the level of 0.7400. At the moment, quotes are trying to gain a foothold below 0.7310. According to our forecasts, the decline will continue in the near future and the price will reach the marks 0.7200 and 0.7000. Growth is limited by resistance levels at 0.7400 and 0.7500. Our medium-term view is negative and we recommend holding short positions with a stop above 0.7600.

Nearest resistance levels: 0.7440, 0.7500, 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7310, 0.7200, 0.7000

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.