21.04.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD after approaching the strong resistance level, started to correct downwards and in the near future may continue negative dynamics with targets at 1.1200 and 1.1050. Fixation lower than 1.1200, will become a strong signal to sell. The growth in the near future is limited by the level of 1.1400. Our medium-term outlook remains negative and we expect a rise in volatility today.

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 after several attempts to break through the resistance level at 1.4400 has resumed the fall and in the near future may drop to 1.4180 and 1.4050. Fixation lower than 1.4050 will be the reason for the continuation of the negative dynamics of prices with the objectives at 1.3840 and 1.3600. In case of resumption of growth and overcoming 1.4400, growth may continue to 1.4500, but the overcoming of this level is unlikely. 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 shows growth during which reached the local maximum at 109.75. In case of breaking this level, will be completed the formation of reversal pattern - a double bottom. In this case, the closest target levels will be 111.00, 112.15 and 114.70. The fall is limited by a strong support at 108.00. We expect growth in the medium term.

Nearest resistance levels: 109,75, 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 continued to consolidate near the level of 0.7800. Fixing the price above this mark will become the basis for the continued rising dynamics of price with the target of 0.8000. On the other hand has increased the probability of price correction with nearest targets at 0.7700 and 0.7575. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7800, 0,6000

Nearest support levels: 0.7700, 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD corrected down and was unable to gain a foothold above the level of 0.7000. Currently quotes are near the upper boundary of the channel, which the price has left previously. In case of further decline, the price will reach a sloping support line and the level of 0.6875. We forecast a drop in the coming months and maintain a medium-term negative outlook.

Nearest resistance levels: 0.7000, 0.7200, 0.7400

Nearest support levels: 0.6900, 0.6875, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250

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.