26.02.2015 - Technical view

The price of EUR/USD shows low volatility and moves near the level of 1.1350. The growth of price is limited by the resistance levels at 1.1450 and 1.1500. We continue to maintain a medium-term negative outlook and recommend holding short positions. The basis for the continuation of a downward movement with the objectives at 1.1100 and 1.1000 will be the fixing of prices below the level of 1.1280. We recommend holding short positions.

Nearest resistance levels: 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD has broken through the psychologically important level of resistance at 1.5500 and continues to grow along the inclined resistance line. In case of correction, quotations may fall to the level of 1.5450. Signal about the change of positive trend to negative will be fixing the price below 1.5350. We recommend holding long positions and look forward to the continued growth of price with the closest target at 1.5750.

Nearest resistance levels: 1.5550, 1.5750, 1.5800

Nearest support levels: 1.5500, 1.5450, 1.5350, 1.5300, 1.5200, 1.5050, 1.5000

The price of USD/JPY continues moving inside the corridor 118,50-119,50. The fall in prices is limited by the strong level of support at 118.50, a breaking of which will be the basis for the continuation of the downward movement of the price to 117.00 and 116.00. In case of overcoming the mark 119.50, we expect the price increase to 120.00 and 120.50. Our medium-term outlook remains positive and we recommend holding long positions.

Nearest resistance levels: 119.50, 120.00, 120.50, 122.00, 125.00

Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD could not continue to grow after reaching the level of 0.7900 and the upper limit of the local rising channel. At the moment, quotes corrected to 0.7840 in case of breaking through this mark may continue to fall to 0.7740. We expect a further decline of quotations within the channel and recommend holding short positions, but do not exclude the growth to 0.8000 in the near future.

Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7840, 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD after correction to the level of 0.7440, resumed growth and now is near the level of the local maximum at 0.7570. If the price fixates is above this level, quotes will continue to grow within the local rising channel and will reach 0.7700 and 0.7800. In case of correction, the price may drop to the bottom of the channel and the level of 0.7440. We expect continued growth of prices in the near future.

Nearest resistance levels: 0.7570, 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7440, 0.7340, 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.