Buyers continued the upward trend amid the increased volumes

April 28, 2015

General overview

According to the Societe Generale experts’ research, the Germany unemployed number in April, presumably, fell by 12,000 after a decrease by 14,000 in March. It is expected that the unemployment rate will remain stable at the new historical low of 6.4%.
Having broken through the resistance level of 1.0790, buyers continued the upward trend amid the increased volumes. Having faced the resistance at the mark of 1.0925, the price stopped for its consolidation.
The price is finding the first support at 1.0790, the next one is 1.0670. The price is finding the first resistance at 1.0925, the next one is at 1.1050.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden Cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.

Trading recommendations
The price is likely to go to the support level of 1.0790.

Publication source
Fort Financial Services information  Fort Financial Services reviews

February 17, 2017
NZD looks to weaken
The New Zealand dollar has found itself under pressure in recent days as the market has started to hedge a little while it waits on the next steps for the US economy...
February 17, 2017
The dynamics of the Dollar
William Dudley, the head of the New York FED, called for a rate hike in the coming months, but only if economic growth, accelerating inflation and low unemployment, will meet the development trajectory of the FED...
February 16, 2017
The Federal Reserve balance sheet shrunk?
The Dollar has cut through a significant resistance level of 101, thus completing the retracement move after rallying to a maximum of a 14-year peak. It was not without the help from the Federal Reserve...

XM Rating
NPBFX Rating
OANDA Rating
EXNESS Rating
FXCM Rating
FOREX.com Rating

Dragon Options Rating
Beeoptions Rating
IQ Option Rating
UKoptions Rating
OptionFair Rating
OptionRally Rating