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

21.11.2014 - Technical view

The price of EUR/USD corrected down to the level of 1.2500, but could not break through it and continues to consolidate above this mark. At the moment, the price moves within the local rising channel and the growth of price is limited by the upper boundary of the channel, and a strong level of 1.2600. In case of renewal of reducing and the price fixing below the boundaries of the channel, we expect price to decline to the levels of 1.2400, 1.2200 and 1.2000. Our medium-term outlook is negative.

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

Nearest support levels: 1.2500, 1.2400, 1.2200, 1.2000

The price of GBP/USD corrected upwards and continues to consolidate below 1.5700. It is worth noting that the quotes have broken through the upper limit of the local downward channel and in case of return within the global downtrend may grow to 1,5960-1,6000. Signal of changing the negative trend will be fixing the price above the level of 1.6000. We predict further price decline in the near future.

Nearest resistance levels: 1.5700, 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 corrected down after strong growth in the previous days. Currently quotations returned inside the rising channel, and may continue to drop to its lower border. We recommend holding long positions with a target level near 120.00 and stop below 115.00. Our medium-term view remains positive.

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

The price of AUD/USD started to decline after it was unable to overcome the upper limit of the downward channel and local resistance at 0.8650. In case of growth, the quotes can reach the level of 0.8800, but the overcoming of this level in the near future is unlikely. We forecast a price decline of the Australian dollar in the medium term with the objectives 0.8500 and 0.8200.

Nearest resistance levels: 0.8660, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8550, 0.8500, 0.8360, 0.8200

The price of NZD/USD failed to overcome the level of 0.7900, after corrected from the levels close to 0.7800. Further increase in the price is possible to 0.8000. At the moment, the change in the medium-term trend from negative to positive is unlikely. We expect a further fall in the price of the New Zealand dollar in the medium term and recommend holding short positions with targets near 0.7500 and 0.7300 and the stop above 0.8000.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

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

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