18.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after a significant growth, is consolidating below 1.1300. In case of continued negative dynamics, the signal for opening short positions with the immediate objectives at 1.1050, 1.0985 and 1.0850, will be the price fixation below 1.1200. Growth of price in the near future is limited by the resistance level at 1.1400. Our medium-term outlook remains negative and we expect the price decline in the near future.

Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1,1620

Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD was not able to continue to grow and reached the upper boundary of the triangle. At the moment the price is consolidating near the level of 1.4180. According to our estimates, quotations will continue to move within the triangle in the near future, and the amplitude of price fluctuations has reduced. After going beyond the triangle, we expect to see strong price moves. Our medium-term outlook remains negative.

Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4050, 1.3840, 1.3600, 1.3500

Currencies trading and Japanese yen. The price of USD/JPY was not able to continue its growth after overcoming the levels of 109.00 and within the fall has returned to a strong support level at 108.00. In case of fixing of quotations below this level, the target levels will be 106.60 and 105.00. It is worth noting the high probability of price rebound with the first target at 109.00. Our medium-term outlook remains positive, but we do not exclude the continuation of negative dynamics in the near future.

Nearest resistance levels: 110.60, 111.00, 112.15, 113.00, 114.70, 116.00, 118.80, 120.20

Nearest support levels: 108.00, 106,60, 105.00, 103.00

Currencies trading and Australian dollar. The price of AUD/USD after some consolidation around the level of 0.7700 showed the gap down and in case of continuation of negative dynamics, the closest target levels will be 0.7575 and 0.7500. The resumption of growth and fixation of price above the level 0.7700 of will be the signal for opening long positions with the targets at 0.7800 and 0.8000. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800

Currencies trading and New Zealand dollar. The price of NZD/USD has shown strong rise in volatility, but continued to move above an inclined support line. The growth of quotations in the near future is limited by the levels of 0,6960-0,7000 and overcoming these levels will be a signal for continued growth to 0.7200. The amplitude of price volatility continued to decline, indicating a strong price movement in the near future. Our medium-term outlook remains negative with the closest targets at 0.6760 and 0.6600.

Nearest resistance levels: 0.6875, 0.6900, 0.7000

Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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.