30.12.2014 - Technical view

The price of EUR/USD after the rebound from the support level at 1.2165, renewed the downward movement and broke through a local minimum, and then continued to decline. In case of continuation of the current dynamics, quotes will reach the psychologically important level of 1.2000. Growth is limited by the resistance levels at 1.2250 and 1.2360, above which we recommend to set a stop. Our medium-term outlook remains negative and we recommend holding short positions.

Nearest resistance levels: 1.2165, 1.2250, 1.2360, 1.2500, 1.2560, 1.2600, 1.2700, 1.2825

Nearest support levels: 1.2000, 1.1860

The price of GBP/USD fell yesterday and almost reached the psychologically important support level at 1.5500. Continuation of falling prices in the near future is unlikely, and we expect the upward rebound. Consolidation below 1.5500, will be a confirmation of the signal for the opening short position with a stop above 1.5800. We expect the correction today and recommend to wait for a signal to open new positions.

Nearest resistance levels: 1.5750, 1.5800, 1.5960, 1.6000, 1.6200, 1.6300, 1.6400

Nearest support levels: 1.5500, 1.5300, 1.5000

November 25 of USD Performance

The price of USD/JPY after an attempt of growth returned to the level of 120.00, and continues to consolidate around this mark. Falling the price is limited by the level of support at 119.00. The price volatility will remain minimal in the near future. We expect a continuation of the upward trend in the medium term and recommend holding long positions with the target at 122.00.

Nearest resistance levels: 122.00, 125.00

Nearest support levels: 120.00, 117.40, 115.00, 114.00, 113.00, 112.00, 110.00

December 3 of USD Performance

The price of AUD/USD back to the sloping support line after was unable to continue the growth. At the moment, quotes move along the SMA 50 and are more likely will not be able to gain a foothold above. Volatility in the coming time will be low. We expect the resumption of the downward price movement and recommend holding short positions with a stop above 0.8360.

Nearest resistance levels: 0.8200, 0.8360, 0.8550, 0.8700, 0.8800, 0.8900, 0.9000

Nearest support levels: 0.8000, 0.7600, 0.7500

November 25, 2014 of USD Performance

The price of NZD/USD has broken the upper limit of the downward channel and reached a local maximum at 0.7800. Fixing the price above this mark will be a signal to open long positions with short-term upside potential to 0.7910 and 0.8000. On the other hand, the medium-term trend remains negative and we recommend holding short positions with a stop above 0.7910. We maintain our medium-term negative outlook on the New Zealand dollar.

Nearest resistance levels: 0.7800, 0.7825, 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7660, 0.7500, 0.7300

November 18 of USD Performance

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.