Market analysis Currency Euro ollar Today we should put all our attention on the level of 1.4303, which is a fundamental level for the short term. This level is determined by the uptrend line from 22 October. If we stay above or below that level will determine the trend of the pair. That is why the level of support in the area of present 1.4303 support level today and if it breaks that area could test the 1.4216 level. On the other hand, short-term resistance level is at the 1.4421 area, and only if it breaks that could test the 1.4509 area and beyond the 1.4555.
Support: a 1.4303: uptrend line. a 1.4216: Stop on 22 December. a 1.4176: Minimum of 1 September. Resistance: 1.4421 a : downtrend line. a 1.4509: Minimum of 3 November. a 1.4555: Maximum of 11 January. Pound Dollar Today we should put all our attention on the level of 1.6283, which is a fundamental level for the short term. This level is determined by the upward trend line of the 1.5913.
That is why the level of support in the area of present 1.6283 support level today and if it breaks that area could test the 1.6218 level. However, short-term resistance level is at the 1.6418 area, and only if it breaks that area could test the 1.6495 and 1.6566. Support: a 1.6283: uptrend line at the time. a 1.6218: 38.2% Fibonacci level. a 1.6156: 50% Fibonacci level. Resistance: 1.6418 a : Standard newspaper. a 1.6495: Minimum of 24 November. a 1.6566: Maximum level of 17 September. Dolar Yen The dollar-yen pair broke the support level specified in the report yesterday in 90.76. But the pair did not advance strongly. The big question is whether to continue an upward or downward trend, but we must remember that we are approaching the 91 zone. The key points in the support area are now in 90.37, and if the pair falls below that area could test the 89.79. The resistance level is at 90.90 and if the pair breaks this area will continue an upward correction and could test the 91.64 first and then 92.44. Support: a 90.37: Support Intra day. a 89.79: 61.8% Fibonacci level medium term. 89.22 a Level of support / resistance before. Resistance: a 90.90: uptrend line. a 91.64: 38.2% Fibonacci level. a 92.44: 61.8% Fibonacci level. Disclaimer: The operations of futures, options and foreign exchange carries a significant associated risk and may not be suitable for all investors. Should consider carefully whether your particular situation before you have the knowledge, experience and resources to operate in these markets. You can lose all the capital invested, or that their losses exceed the funds originally deposited.