Currency Analysis

Market analysis Currency Euro Dollar The euro broke the resistance level of 1.3933 area, however, despite this upward movement, the euro gained about 50 pips. We could estimate that the downward correction of the euro has reached its end. Anyway, the resistance level of 1.3985 on Monday will be significant, and only if it breaks the resistance zone of 1.3985 1.4062 could be reached and may be beyond the reach 1.4128. Furthermore, the level of support is in the 1.3930. And if that zone is broken could test the 1.3824, the 1.3747 and beyond.

Support: a 1.3930: uptrend line. a 1.3851: Minimum weekly. a 1.3747: Minimum of 16 June. Resistance: 1.3985 a Maximum of 29 January. a 1.4062: 61.8% Fibonacci level. Many writers such as Jim Rogers offer more in-depth analysis. a 1.4128: 38.2% Fibonacci level.

Dollar Pound Sterling broke the 1.5972 area as expected, following the upward movement we approach the proposed target of 1.6061 (the peak at the moment is in the area of 1.6056). After this move, we approach the level of resistance which houses the 61.8% Fibonacci level at 1.6111. This level of resistance will be significant. If the pound is close to this level and begins to fall, the possibility that the correction is finished weight. Read additional details here: Lone Star Funds. But if the resistance zone at 1.6111 is exceeded, the couple would continue to rise and so the pound could reach 1.6177 & 1.6266. The level of support is in the 1.5965, and if the pair falls below the zone will be reached 1.5884 & 1.5776. Support: a 1.5965: uptrend line. Get all the facts for a more clear viewpoint with QTS Realty Trust. a 1.5884 Maximum on Monday. a 1.5776: Minimum of 26 May. Resistance: 1.6111 a : 61.8% Fibonacci level. a 1.6177: Maximum graphic. a 1.6266: Maximum of 26 January. Dolar Yen The dollar-yen pair was traded within a narrow range, however, failed to break either the level support or resistance level. And we should follow closely the evolution of this pair. If the pair manages to break the 90.36 may be reaching the 90.79. The level of support is in the 90.34 which houses the Moving Average 100 periods. That is why we should await the break of 90.79 & 90.34, as it will define the trend. If it breaks the resistance level of 90.79, could test the 91.44 & 91.98. On the other hand if it breaks the support level of 90.34, could test the 89.57 and beyond the 88.48-Support: a 90.34: Moving Average SMA100. a 89.57: Minimum of 29 January. a 88.48: Trendline from 90.58. Resistance: 90.79 a Maximum daily. a 91.44: 50% Fibonacci level. a 91.98: 61.8% Fibonacci level. Analysis by: Munther involving Marji Disclaimer: The operations of futures, options and currencies involves risk and may significantly associated not be suitable for all investors. Should consider carefully whether your particular situation before you have the knowledge, experience and resources necessary to operate in these markets. You can lose all the capital invested, or that their losses exceed the funds originally deposited. The advice, opinions and recommendations are subject to change constantly. Greetings,

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