20.05.2015 - Technical view

Currencies trading and euro. The price of EUR/USD broke through the lower boundary of the rising channel, and dropped to the support level at 1.1130. Fixing the price below this level will become the confirmation of the signal to sell. In this case, the quotes will fall to the level of 1.0900 and 1.0700. Growth is limited by the lower boundary of the rising channel and the resistance level at 1.1400. In case of renewed upward momentum, quotes will reach the psychologically important level of 1.1500l, but more likely is a continuation of the price fall. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1200, 1.1280, 1.1400, 1.1500, 1.1620

Nearest support levels: 1.1130, 1.1000, 1.0900, 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD has fallen to the bottom of the rising channel and the important level of 1.5500. At the moment, there is a great probability of the upward price rebound of with growth potential to the local maximum at 1.5800. In case of further decline and fixing the price below 1.5500, we recommend to open short positions with the potential drop to 1.5100 and 1.4700. Our medium-term outlook is negative, but we can see the growth in the near future.

Nearest resistance levels: 1.5700, 1.5800, 1.6000

Nearest support levels: 1.5500, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500

Currencies trading and Japanese yen. The price of USD/JPY reached the target level of 121.00 after has broken through the strong resistance level at 120.20. In case of correction, quotes will fall to the level of 120.20. According to our forecasts, the price growth will continue in the near future to 121.50 and 122.00. At the same time, there is a possibility of correction in the near future. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 121.00, 122.00, 125.00

Nearest support levels: 120.20, 119.00, 118.50, 117.40, 116.00, 115.00, 114.00

April 10, 2015 of USD-JPY Performance

Currencies trading and Australian dollar. The price of AUD/USD has broken through the lower boundary of the rising channel and reached the important support level at 0.7900. Fixing the price below this mark will be the basis for the continuation of fall of quotations with the objectives at 0.7800 and 0.7700. Within the correction, the price may return to the level of 0.8000. We expect a drop in prices in the medium term to 0.7550 and recommend to open short positions.

Nearest resistance levels: 0.8000, 0.8200, 0.8250, 0.8500

Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD has resumed the fall after correction to the level of 0.7430. At the moment the price is near a local minimum and in case of the continuation of the downward movement will reach the target level of 0.7200. We recommend keeping short positions with a stop above 0.7550 and maintain a negative outlook on the New Zealand dollar.

Nearest resistance levels: 0.7430, 0.7500, 0.7620, 0.7700, 0.7740, 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.