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

18.11.2014 - ​Technical view

The price of EUR/USD has failed to gain a foothold above the level of 1.2550 and started to correct downwards. As a result, the quotes have reached the level of 1.2450 above which is now consolidated. Growth of the price is limited by the upper boundary of the local rising channel and the level of 1.2600. To continue the downward movement with the objectives near 1.2200 and 1.2000, the price needs to fix below 1.2400. We maintain a medium-term negative outlook and recommend holding short positions with a stop above 1.2750.

Nearest resistance levels: 1.2550, 1.2600, 1.2700, 1.2825, 1.2925, 1.3000, 1.3160

Nearest support levels: 1.2400, 1.2200, 1.2000

The price of GBP/USD showed an increase within the correction, but it was unable to continue it and returned to the minimum levels in 14 months. Currently quotes are consolidated above 1.5600 and with a high probability will continue to decline to the level of 1.5500. To change the negative trend the price needs compensate the recent decline and to gain a foothold above the mark of 1.6000. We predict a negative price trend of the British pound in the near future.

Nearest resistance levels: 1.5800, 1.5960, 1.6000, 1.6200, 1.6300, 1.6400, 1.6450

Nearest support levels: 1.5600, 1.5500

The price of USD/JPY bounced back from the bottom of a narrow rising channel and approached to the mark 117,00. In case of decrease quotations may reach the lower boundary of the channel and the support levels at 115.00 and 114.00, below which is set the stop. At the moment, we do not see a trend change signal. We expect a further increase in price in the medium term within the channel with the target near 120.00 and recommend holding long positions.

Nearest resistance levels: 120.00, 122.00, 125.00

Nearest support levels: 115.00, 114.00, 113.00, 112.00, 110.00, 108.50, 107.60, 107.00

October 8, 2014 of USD-JPY Performance

The price of AUD/USD failed to reach the mark of 0.8800 and started to decline within the channel and reached its bottom border and mark 0.8700. In the near future we may see a price consolidation near current levels. Continued growth is limited by the resistance level at 0.8925, above which we recommend to set a stop. Fixing quotations above this level will be a signal of the completion of the negative trend. We expect the resumption of the downward movement and recommend holding short positions with the objectives near 0.8500 and 0.8200.

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

Nearest support levels: 0.8680, 0.8550, 0.8500, 0.8360, 0.8200

October 8, 2014 of EUR-USD Performance

The price of NZD/USD after reaching the upper limit of the upward channel has corrected to the level of 0.7900, fixed above it and now has started growing again. Further increase in price is limited by the psychologically important level of 0.8000, the resolution of which will be a signal on the need to close short positions and will mean the completion of the downtrend. Despite this, we have a negative view on the growth of the New Zealand currency and maintain the medium-term objectives with a negative outlook near 0.7500 and 0.7300.

Nearest resistance levels: 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7900, 0.7800, 0.7740, 0.7660, 0.7500, 0.7300

October 8 of USD Performance

calendar | Календарь

We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

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