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21.09.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has not fixed above the level of 1.1400, and returned to the level 1.1300 around which is consolidating at the moment. Further price decline is possible to the lower boundary of the rising channel. In case of breaking through and fixation below 1.1200, we recommend to open short positions with the targets at 1.1080, 1.1000 and 1.0900. Growth is limited by the levels of 1.1400 and 1.1500. We forecast a drop in prices in the medium term.

Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1300, 1.1200, 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

August 10 of USD Performance

Currencies trading and British pound. The price of GBP/USD corrected down after failed to gain a foothold beyond the local rising channel. In the near future the price may continue to fall to 1.5460 and the bottom of the channel. The growth of quotations in the near future is possible to 1.5675. We expect decline of price in the medium term, but at the moment the price moves within the local uptrend.

Nearest resistance levels: 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5460, 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY rebounded from the level of 119.00, and consolidates around 120.00. In the coming days, we expect low activity of traders. The price will probably continue to move within the corridor 118,00-121,50. Fixing the price outside this range will be the basis for opening new positions. We remain medium-term positive outlook and fixing the price above 121.50 will confirm the signal for opening long positions.

Nearest resistance levels: 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD after reaching the resistance at 0.7260 and a failed attempt to overcome it, started to correct downwards and reached the lower boundary of the local rising channel. Breaking of this border and local minimum around 0.7150 will be a signal to sell with the first targets at 0.7000 and 0.6900. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7200, 0.7260, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800

Nearest support levels: 0.7000, 0.6900, 0.6750, 0.6600, 0.6500

July 30, 2015 of EUR-USD Performance

Currencies trading and New Zealand dollar. The price of NZD/USD broke through the important resistance level at 0.6400 and reached a mark of 0.6450. It is worth noting that the quotes were not able to continue to grow, and the price began to correct downwards. According to our forecasts, the price will continue falling in the near future to 0.6320 and 0.6200. Our medium-term outlook remains negative and we recommend holding short positions with the target at 0.6000.

Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0.6320, 0,6250, 0.6200, 0.6000

August 10 of USD Performance

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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