ValdisTF Posted July 18, 2016 Author Report Share Posted July 18, 2016 "Fort Financial Services"- fundamental and technical analysis. 18.07.2016 Euro General overview This week the ECB will hold the meeting regarding its monetary policy which may become a driver for the single currency if Draghi makes unexpected statements. Current situation The EUR/USD unexpectedly dropped and lost about 0.74% on Friday. The overall picture is bearish now. The resistance is seen at 1.1050, the support lies at 1.1000. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. RSI approached the oversold area. The 4 hours chart shows that the price bounced off the 200-EMA. The pair left behind the 100-EMA and the 50-EMA which is a sell signal. Trading recommendations The pair may recover to 1.1080 to resume its downward trajectory towards 1.0900. Pound General overview The BoJ left its rates unchanged, however, the regulator left the door open for changes for August. This news preserved some risk appetite in the markets.  Current situation The tone is still negative in the market. The pound fell from a two-week high on Friday when the U.S. data boosted the dollar across the market. The pound lost about 1.20% during the course of the day. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD indicator declined. If the histogram enters the negative territory, that will indicate sellers’ growing strength. Indicator RSI rebounded from the overbought area that supports sellers. The instrument is locked in-between the bearish 100-EMA and the 50-EMA. The moving averages (50, 100 and 200) direction is downwards. Trading recommendations We remain bearish on the outlook for the currency. A move below the current support 1.3100 would suggest a resumption of the bearish trend. Yen General overview The yen kept falling and reached the three-week highs during Friday. The Japanese currency is under pressure after the Bonds market growth. If the situation does not change the Japanese regulator may implement new softening measures. Current situation We see no change in USD/JPY outlook. The growth from 98.97 is still seen as a correction and it seems to be over. The pair sharply decreased on Friday and lost about 0.47%. Sellers seem to have returned to the market. The resistance is at 105.30, the support comes in at 104.50. MACD remained in the positive territory, however, its histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area which is another sell signal.  The pair is coming back to the 200-EMA which acts as a support in the 4 hours chart. The 50-EMA and the 100-EMA are still moving upwards which is a buy signal. Trading recommendations The price is expected to fall towards 103.50. Alternatively, the pair will resume its growth. NZD/USD General overview The NZD decreased when RBNZ decided to provide an update on the economy on July 21. The kiwi is too strong and the regulator might cut the rate to hold its growth. Current situation Technically, the instrument left the upward channel. The NZD decreased and left the level 0.7150 behind. The resistance is at 0.7150, the support comes in at 0.7050. MACD is in the negative area. Its histogram decreased which indicates the sellers’ positions strength. RSI is close to the oversold territory which is a sell signal. The 4 hours chart shows that the instrument broke the 50 and 100 EMAs and approached the 200-EMA which is its last hope to resume a growth. Trading recommendations We expect markets to stay bearish. In the scenario where the sellers still have a ball the pair will decrease to 0.7050 - 0.7000. GOLD General overview The gold resumed its decrease. The political uncertainty, the bank crisis in Italy and the low rates in the leading economies are the main drivers for this decrease. Current situation The pair remained close to the ascending channel lower limit. The gold futures spent the day at the level 1330. The resistance is seen at 1360, the support stands at 1330. MACD is in the negative area. The histogram grew which indicates the sellers’ weakness. Indicator RSI rebounded from the oversold area. Its signal line moved upwards which confirms the growing strength of buyers. The price broke the 50-EMA, but was stopped at the 100-EMA which rejected it upwards. The 50, 100 and 200 EMAs are turning downwards. Trading recommendations We are looking for the support 1316 break and then continuation of a fall with a further stop at 1300. Brent General overview The Brent is getting cheaper due to supply and demand aspects. At the same time economical uncertainty after the Brexit still supports a demand for the safe assets. Current situation The Brent was active on Friday, the oil futures gained about 1.30%. The price recovered and was able to return some of its early losses. However, the market still bearish and we do not believe in a strong growth in the near term. The resistance is at 48.50, the support comes in at 47.50. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is close to the overbought area. The price broke the 50-EMA, but was not able to move higher the 100-EMA. The moving averages (50, 100 and 200) are moving downwards in 4 the hours chart. Trading recommendations The resistance level of 48.50 retest is more likely to lead to the strong price support level 46.50 return. NASDAQ General overview The Bonds Market in the US remained optimistic due to the positive macroeconomic data in the US. Current situation The index was neutral on Friday. The Nasdaq remained in a narrow side channel. The resistance is at 4600, the support is seen at 4550. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI left the overbought area and moved downwards that also supports sellers. The price broke the 50-EMA and touched the 100-EMA in the 1 hour chart. The 50, 100 and 200 EMAs direction is upwards which is a buy signal.  Trading recommendations We expect the price to remain at the current levels and will fluctuate between 4600 and 4550. S&P 500 Current situation The index left all-time high and moved below 2150. As we expected the market pulled back a little. The index lost about 0.53% on Friday. The resistance comes in at 2150, the support lies at 2140. MACD is in the positive area. Its histogram decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI left the overbought territory. The 50-EMA touched the 100-EMA in the 1 hour chart. The moving averages direction is upwards. Trading recommendations Technically, the main trend is upwards, however, sellers managed to lead the price from 2160 to 2140. We believe that is a correctional decrease which happened due to the profit-taking. The price may decrease to 2120 (where the 50-EMA lies) to bounce from it upwards.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 18, 2016 Author Report Share Posted July 18, 2016 "Fort Financial Services"- fundamental and technical analysis. 19.07.2016 Euro General overview There is still a degree of mild optimism that the Fed will hike the rate this year, which supported the dollar. Investors evaluate the chance of the rate hike by 42%. Current situation A daily chart shows that the pair is in the range between the marks 1.1000 and 1.1170. The euro remained within the middle-term descending channel in the 4 hours chart. The instrument found a very solid support around 1.1000 (a strong psychological level). The resistance is seen at 1.1130, the support lies at 1.1050. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI bounced from the oversold area, its signal line grew that indicates buyers’ growing strength. The price is close to the 50-EMA which acts as a resistance. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations Shall the pair break the support 1.1000 the instrument EUR/USD will decrease to 1.0900. A break above 1.1130 could lead to a growth towards 1.1200. Pound General overview The pound grew to the session high after Martin Weale’s speech (BoE  representative). According to him, there is no rush to cut the interest rate in August. Current situation In general, we do not see any change in GBP/USD's outlook, its downtrend is still in progress. The pair attempted to recover some of its previous week losses. However, the growing impulse faded at around 1.3300. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD remained neutral yesterday. If the histogram enters the negative territory, that will indicate sellers’ growing strength. Indicator RSI is in the neutral territory. The instrument is sandwiched between the 100 and the 50 EMAs. The 200-EMA direction is downwards, the 50-EMA and the 100-EMA are horizontal. Trading recommendations We still remain bearish on the outlook for the currency. If price makes another attempt to break the level 1.3100 the pound may fall to 1.2700. Yen General overview The yen weakened on Monday when Turkish government returned its control over the country after a failed coup. Investors initially ran to the yen as a safe asset on the news about a coup attempt. Current situation USD/JPY remained in a trading range around 106.00 level. Our technical outlook is still short-term bullish. The resistance is at 106.00, the support comes in at 105.30. MACD remained in the positive territory, however, its histogram decreased which indicates the buyers’ positions weakening. RSI returned to the overbought area which is a buy signal. The 50-EMA broke the 100-EMA upwards. The moving averages (50, 100 and 200) are still moving upwards which is a buy signal. Trading recommendations An uptrend will start as soon, as the pair rises above 106.00. Once we break above the 106.00 level, we think that the 107.00 level will be next. Conversely, the price may fall back to 103.50. USD/CAD General overview There is a moderate sentiment in the market today. The oil quotes are the main guideline for the pair. The growth of Brent will support sellers in the USA/CAD. Current situation We believe the pair is back to a long-term downwards trend, however, it found quite a lot of support around 1.2900. Yesterday the pair grew and was able to gain about 0.15%. The resistance is at 1.3000, the support comes in at 1.2900.  MACD is in the negative area. Its histogram grew which indicates the sellers’ positions weakening. Indicator RSI is in the neutral territory. The 4 hours chart shows that the instrument broke the 50, 100 and 200 EMAs. The 200-EMA acts as a support for the pair. The EMAs direction is horizontal. Trading recommendations The approach to the level of 1.3000 may lead to a price rebound down. The potential rebound target is the support level of 1.2900. GOLD General overview The gold quotes remained under pressure close to the 2-week lows when the markets recovered after the failure of the military coup in Turkey. Current situation The current decrease is looking corrective with the more positive sentiment for the market. The instrument found a very solid support around 1330. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. Indicator RSI is close to the oversold area. The price is locked in-between the 50-EMA and the 100-EMA. The 50, 100 and 200 EMAs are turning downwards. Trading recommendations We suppose the pair will go to 1316 first. Having overcome the first target the price might go downwards to 1300. Brent General overview The Brent went back and forth on Monday fluctuating in a narrow range amid drilling activity growth in the USA. Moreover, investors are digesting the news regarding a failed coup in Turkey. Current situation The overall outlook remains bearish. The Brent is in a descending channel, hovering at the support 46.50. The Brent showed negative dynamic yesterday when the instrument dropped back below 47.50. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is in the neutral territory. The price broke the 50-EMA downwards. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations If the instrument grows its next stop could well be at 47.50 region. If the price breaks above this region, then this could lead to renewed buying momentum. Alternatively, a break below the current support 46.50 risks a decline towards 45.30. DAX General overview European shares opened higher on Monday on the news that SoftBank will acquire ARM Holdings (a smartphone chip designer). Current situation The index was neutral on Monday. The DAX remained in a narrow side channel which is limited by the marks 10000 and 10090. The index seems to have found a solid support at the current level 10000. The resistance is at 10175, the support is seen at 10000. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought area which is a buy signal. The price is at the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations We may expect the trades between the levels of 10175 and 10000. S&P 500 The Bonds Market strengthened in the USA on Monday.  S&P500 traded near intraday highs as the financial reports of the leading USA companies kept showing positive data. Current situation The S&P500 remained in a narrow side channel which is limited by the marks 2160 and 2150. The resistance is at 2165, the support is seen at 2150. MACD is in the positive area. Its histogram decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought territory. The price broke the 50-EMA, but failed to break the 100-EMA in the 1 hour chart. The moving averages direction is upwards. Trading recommendations We suppose the price will remain in the side channel 2165-2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 18, 2016 Author Report Share Posted July 18, 2016 "Fort Financial Services"- fundamental and technical analysis. 19.07.2016 Euro General overview There is still a degree of mild optimism that the Fed will hike the rate this year, which supported the dollar. Investors evaluate the chance of the rate hike by 42%. Current situation A daily chart shows that the pair is in the range between the marks 1.1000 and 1.1170. The euro remained within the middle-term descending channel in the 4 hours chart. The instrument found a very solid support around 1.1000 (a strong psychological level). The resistance is seen at 1.1130, the support lies at 1.1050. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI bounced from the oversold area, its signal line grew that indicates buyers’ growing strength. The price is close to the 50-EMA which acts as a resistance. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations Shall the pair break the support 1.1000 the instrument EUR/USD will decrease to 1.0900. A break above 1.1130 could lead to a growth towards 1.1200. Pound General overview The pound grew to the session high after Martin Weale’s speech (BoE  representative). According to him, there is no rush to cut the interest rate in August. Current situation In general, we do not see any change in GBP/USD's outlook, its downtrend is still in progress. The pair attempted to recover some of its previous week losses. However, the growing impulse faded at around 1.3300. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD remained neutral yesterday. If the histogram enters the negative territory, that will indicate sellers’ growing strength. Indicator RSI is in the neutral territory. The instrument is sandwiched between the 100 and the 50 EMAs. The 200-EMA direction is downwards, the 50-EMA and the 100-EMA are horizontal. Trading recommendations We still remain bearish on the outlook for the currency. If price makes another attempt to break the level 1.3100 the pound may fall to 1.2700. Yen General overview The yen weakened on Monday when Turkish government returned its control over the country after a failed coup. Investors initially ran to the yen as a safe asset on the news about a coup attempt. Current situation USD/JPY remained in a trading range around 106.00 level. Our technical outlook is still short-term bullish. The resistance is at 106.00, the support comes in at 105.30. MACD remained in the positive territory, however, its histogram decreased which indicates the buyers’ positions weakening. RSI returned to the overbought area which is a buy signal. The 50-EMA broke the 100-EMA upwards. The moving averages (50, 100 and 200) are still moving upwards which is a buy signal. Trading recommendations An uptrend will start as soon, as the pair rises above 106.00. Once we break above the 106.00 level, we think that the 107.00 level will be next. Conversely, the price may fall back to 103.50. USD/CAD General overview There is a moderate sentiment in the market today. The oil quotes are the main guideline for the pair. The growth of Brent will support sellers in the USA/CAD. Current situation We believe the pair is back to a long-term downwards trend, however, it found quite a lot of support around 1.2900. Yesterday the pair grew and was able to gain about 0.15%. The resistance is at 1.3000, the support comes in at 1.2900.  MACD is in the negative area. Its histogram grew which indicates the sellers’ positions weakening. Indicator RSI is in the neutral territory. The 4 hours chart shows that the instrument broke the 50, 100 and 200 EMAs. The 200-EMA acts as a support for the pair. The EMAs direction is horizontal. Trading recommendations The approach to the level of 1.3000 may lead to a price rebound down. The potential rebound target is the support level of 1.2900. GOLD General overview The gold quotes remained under pressure close to the 2-week lows when the markets recovered after the failure of the military coup in Turkey. Current situation The current decrease is looking corrective with the more positive sentiment for the market. The instrument found a very solid support around 1330. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. Indicator RSI is close to the oversold area. The price is locked in-between the 50-EMA and the 100-EMA. The 50, 100 and 200 EMAs are turning downwards. Trading recommendations We suppose the pair will go to 1316 first. Having overcome the first target the price might go downwards to 1300. Brent General overview The Brent went back and forth on Monday fluctuating in a narrow range amid drilling activity growth in the USA. Moreover, investors are digesting the news regarding a failed coup in Turkey. Current situation The overall outlook remains bearish. The Brent is in a descending channel, hovering at the support 46.50. The Brent showed negative dynamic yesterday when the instrument dropped back below 47.50. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is in the neutral territory. The price broke the 50-EMA downwards. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations If the instrument grows its next stop could well be at 47.50 region. If the price breaks above this region, then this could lead to renewed buying momentum. Alternatively, a break below the current support 46.50 risks a decline towards 45.30. DAX General overview European shares opened higher on Monday on the news that SoftBank will acquire ARM Holdings (a smartphone chip designer). Current situation The index was neutral on Monday. The DAX remained in a narrow side channel which is limited by the marks 10000 and 10090. The index seems to have found a solid support at the current level 10000. The resistance is at 10175, the support is seen at 10000. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought area which is a buy signal. The price is at the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations We may expect the trades between the levels of 10175 and 10000. S&P 500 The Bonds Market strengthened in the USA on Monday.  S&P500 traded near intraday highs as the financial reports of the leading USA companies kept showing positive data. Current situation The S&P500 remained in a narrow side channel which is limited by the marks 2160 and 2150. The resistance is at 2165, the support is seen at 2150. MACD is in the positive area. Its histogram decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought territory. The price broke the 50-EMA, but failed to break the 100-EMA in the 1 hour chart. The moving averages direction is upwards. Trading recommendations We suppose the price will remain in the side channel 2165-2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 18, 2016 Author Report Share Posted July 18, 2016 "Fort Financial Services"- fundamental and technical analysis. 19.07.2016 Euro General overview There is still a degree of mild optimism that the Fed will hike the rate this year, which supported the dollar. Investors evaluate the chance of the rate hike by 42%. Current situation A daily chart shows that the pair is in the range between the marks 1.1000 and 1.1170. The euro remained within the middle-term descending channel in the 4 hours chart. The instrument found a very solid support around 1.1000 (a strong psychological level). The resistance is seen at 1.1130, the support lies at 1.1050. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI bounced from the oversold area, its signal line grew that indicates buyers’ growing strength. The price is close to the 50-EMA which acts as a resistance. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations Shall the pair break the support 1.1000 the instrument EUR/USD will decrease to 1.0900. A break above 1.1130 could lead to a growth towards 1.1200. Pound General overview The pound grew to the session high after Martin Weale’s speech (BoE  representative). According to him, there is no rush to cut the interest rate in August. Current situation In general, we do not see any change in GBP/USD's outlook, its downtrend is still in progress. The pair attempted to recover some of its previous week losses. However, the growing impulse faded at around 1.3300. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD remained neutral yesterday. If the histogram enters the negative territory, that will indicate sellers’ growing strength. Indicator RSI is in the neutral territory. The instrument is sandwiched between the 100 and the 50 EMAs. The 200-EMA direction is downwards, the 50-EMA and the 100-EMA are horizontal. Trading recommendations We still remain bearish on the outlook for the currency. If price makes another attempt to break the level 1.3100 the pound may fall to 1.2700. Yen General overview The yen weakened on Monday when Turkish government returned its control over the country after a failed coup. Investors initially ran to the yen as a safe asset on the news about a coup attempt. Current situation USD/JPY remained in a trading range around 106.00 level. Our technical outlook is still short-term bullish. The resistance is at 106.00, the support comes in at 105.30. MACD remained in the positive territory, however, its histogram decreased which indicates the buyers’ positions weakening. RSI returned to the overbought area which is a buy signal. The 50-EMA broke the 100-EMA upwards. The moving averages (50, 100 and 200) are still moving upwards which is a buy signal. Trading recommendations An uptrend will start as soon, as the pair rises above 106.00. Once we break above the 106.00 level, we think that the 107.00 level will be next. Conversely, the price may fall back to 103.50. USD/CAD General overview There is a moderate sentiment in the market today. The oil quotes are the main guideline for the pair. The growth of Brent will support sellers in the USA/CAD. Current situation We believe the pair is back to a long-term downwards trend, however, it found quite a lot of support around 1.2900. Yesterday the pair grew and was able to gain about 0.15%. The resistance is at 1.3000, the support comes in at 1.2900.  MACD is in the negative area. Its histogram grew which indicates the sellers’ positions weakening. Indicator RSI is in the neutral territory. The 4 hours chart shows that the instrument broke the 50, 100 and 200 EMAs. The 200-EMA acts as a support for the pair. The EMAs direction is horizontal. Trading recommendations The approach to the level of 1.3000 may lead to a price rebound down. The potential rebound target is the support level of 1.2900. GOLD General overview The gold quotes remained under pressure close to the 2-week lows when the markets recovered after the failure of the military coup in Turkey. Current situation The current decrease is looking corrective with the more positive sentiment for the market. The instrument found a very solid support around 1330. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. Indicator RSI is close to the oversold area. The price is locked in-between the 50-EMA and the 100-EMA. The 50, 100 and 200 EMAs are turning downwards. Trading recommendations We suppose the pair will go to 1316 first. Having overcome the first target the price might go downwards to 1300. Brent General overview The Brent went back and forth on Monday fluctuating in a narrow range amid drilling activity growth in the USA. Moreover, investors are digesting the news regarding a failed coup in Turkey. Current situation The overall outlook remains bearish. The Brent is in a descending channel, hovering at the support 46.50. The Brent showed negative dynamic yesterday when the instrument dropped back below 47.50. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is in the neutral territory. The price broke the 50-EMA downwards. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations If the instrument grows its next stop could well be at 47.50 region. If the price breaks above this region, then this could lead to renewed buying momentum. Alternatively, a break below the current support 46.50 risks a decline towards 45.30. DAX General overview European shares opened higher on Monday on the news that SoftBank will acquire ARM Holdings (a smartphone chip designer). Current situation The index was neutral on Monday. The DAX remained in a narrow side channel which is limited by the marks 10000 and 10090. The index seems to have found a solid support at the current level 10000. The resistance is at 10175, the support is seen at 10000. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought area which is a buy signal. The price is at the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations We may expect the trades between the levels of 10175 and 10000. S&P 500 The Bonds Market strengthened in the USA on Monday.  S&P500 traded near intraday highs as the financial reports of the leading USA companies kept showing positive data. Current situation The S&P500 remained in a narrow side channel which is limited by the marks 2160 and 2150. The resistance is at 2165, the support is seen at 2150. MACD is in the positive area. Its histogram decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought territory. The price broke the 50-EMA, but failed to break the 100-EMA in the 1 hour chart. The moving averages direction is upwards. Trading recommendations We suppose the price will remain in the side channel 2165-2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 19, 2016 Author Report Share Posted July 19, 2016 "Fort Financial Services"- fundamental and technical analysis. 20.07.2016 Euro General overview Economic Sentiment in Germany has fallen to its lowest level for 4 years. The uncertainty regarding the further world economy prospects after the Brexit was the main reason which influenced the sentiment. This news weighed on the euro. Moreover, Housing Starts rose more than expected in the USA which supported the dollar. Current situation The EUR/USD closed bearish yesterday. Technically, the pair is in a descending channel. The price formed a new lower low at 1.1000 (the strong psychological support). The instrument lost about 0.53% during the course of the trades. The resistance is seen at 1.1050, the support lies at 1.1000. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI returned to the oversold area, its signal line decreased that also indicates sellers’ strength. The price moved from the 50-EMA which still acts as a resistance. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations We preserve a short-term bearish outlook for the EUR/USD pair. If the price breaks the support 1.1000 the instrument will advance towards 1.0900. Pound General overview The pound decreased on Tuesday despite the positive inflation releases in the country. Current situation The pound continued to show weakness on Tuesday. Technically, the pair remained in a neutral bearish tone in the 4 hours chart. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the negative area. The indictor decreased which indicates sellers’ growing strength. Indicator RSI approached the oversold territory which is a sell signal. The price bounced from the 100-EMA, broke the 50-EMA and advanced from it in the 4 hours chart. The 50, 100 and 200 EMAs direction is downwards. Trading recommendations We still remain bearish on the outlook for the currency. If the price makes another attempt to break the level 1.3100 the pound may fall to 1.2700. Yen General overview The dollar became cheaper against the yen as investors began profit raking after the recent rally. Current situation The pair traded at fresh 4-week highs near the mark 106.50 on Tuesday. Out technical outlook is bullish. The resistance is at 107.00, the support comes in at 106.00. MACD remained in the positive territory, however, its histogram decreased which indicates the buyers’ positions weakening. RSI is close to the overbought area which is a buy signal. The price remained above the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are still moving upwards which is a buy signal. Trading recommendations A solid 106.00 break will signal about a move towards 107.00. Conversely, the USD/JPY may fall back to 104.50. AUD General overview The AUD fell on the news that the regulator may continue its softening policy. The Australian regulator left the door open for the further rate change for August. Current situation The Aussie traded weaker on Tuesday after minutes from the RBA. The pair left the ascending channel. The instrument lost about 1.20% during the course of the day. The resistance is at 0.7600, the support comes in at 0.7500. MACD is in the negative area. Its histogram decreased which indicates the sellers’ positions strengthening. Indicator RSI is close to the oversold area. The 4 hours chart shows that the instrument broke the 50 and 100 EMAs. The 200-EMA stopped its further decrease, the 200-EMA acts as a support for the pair. The 200-EMA direction is horizontal, the 50 and 100 EMAs are turning downwards. Trading recommendations The price may bounce from the level 0.7500 (the 200-EMA) towards the mark 0.7550 (the 50-EMA). If the price breaks the level 0.7550 the instrument may return to the growth. Otherwise, the AUD/USD will bounce from the level 0.7550 downwards. GOLD General overview The gold quotes remained unchanged. Investors evaluated chances for the further policy softening by the leading economies. Current situation The instrument found a very solid support around 1330 and traded there during the day. The resistance is seen at 1360, the support stands at 1330. MACD is in the negative area. The histogram grew which indicates the sellers’ positions weakening. Indicator RSI is close to the oversold area. The price is sandwiched between the 50-EMA and the 100-EMA in the 4 hours chart. The moving averages are neutral. Trading recommendations The side movement will be continued. The price will remain around the level of 1330. Brent General overview The oil prices were under pressure as the investors’ worries as crude oil and refined products global over-supply resurfaced. Current situation The crude oil Brent remained under pressure. The instrument is in a descending channel, the price traded at its lower limit at 46.50. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is in the negative area. If the histogram remains in the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is in the neutral territory. The price remained under the 50-EMA which acts as a resistance in the 4 hours chart. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations The oil is under pressure. We expect the trades between the levels 47.50 and 46.50. Nasdaq General overview The USA Bonds market got under pressure after weak earnings reports from Netflix Inc (NASDAQ:NFLX). Current situation The index decreased on Tuesday. The Nasdaq lost about 0.42% during the course of the trades. Our outlook is still bullish. The resistance is at 4600, the support is seen at 4550. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought area which is a buy signal. The price is at the 100-EMA in the 1 hour chart. The instrument is in-between the 50-EMA and the 100-EMA. The 100-EMA broke upwards the 200-EMA in the 4 hours chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations If the price fixates above the resistance 4600, it may continue the upward trend in the short term. The potential target is 4650. If the price falls it will get to 4550. S&P 500 The USA Bonds market decreased when UMF lowered its forecasts regarding the global economy growth. The global markets outlook is uncertain after the Brexit. Current situation The S&P500 remained in a narrow side channel which is limited by the marks 2160 and 2150. The price went back and forth in the channel and decreased to its lower limit by the end of the trades. The resistance is at 2165, the support is seen at 2150. MACD is in the positive area. Its histogram decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is close to the overbought territory. The price broke 100-EMA in the 1 hour chart. The 50-EMA acts as a resistance; the 100-EMA is a support. The 100-EMA broke upwards the 200-EMA in the 4 hours chart. The moving averages direction is upwards. Trading recommendations We believe the price will remain sandwiched between the levels 2165 and 2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 21, 2016 Author Report Share Posted July 21, 2016 "Fort Financial Services"- fundamental and technical analysis. 21.07.2016 Euro General overview The main drivers for the dollar were: positive Building Permits and Housing Starts in the USA and Dennis P. Lockhart’s speech (the Fed representative). According to Dennis P. Lockhart the Brexit did not damage much the USA economy. Moreover, the chances that the USA regulator will hike the rate this year keep growing. Current situation The EUR/USD remained under pressure. The euro struggled to regain the 1.1000 level but failed. All its attempts to grow were limited by the mark 1.1030. The instrument remained in the descending channel, at its lower limit. The resistance is seen at 1.1050, the support lies at 1.1000. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI returned to the oversold area, its signal line decreased that also indicates sellers’ strength. The price is below the bearish 50-EMA which still acts as a resistance in the 4 hours chart. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations The pair stopped at the strong support at 1.1000. Should the EUR/USD break the level downwards the pair will decrease to 1.0900. Pound General overview The strong UK employment supported the pound. Unemployment Rate fell, at the same time Claimant Count Change grew. Current situation Technically, the pair remained under pressure. The GBP/USD pair bounced form a daily low of 1.3100, supported by a strong UK unemployment report. The instrument grew by 0.45% during the course of the day. The local high is at 1.3226 now. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the negative area. The indictor grew which indicates sellers’ positions weakening. RSI bounced from the oversold territory which is a buy signal. The price grew and stopped at the 50-EMA in the 4 hours chart. The 50-EMA and the 100-EMA are horizontal, the 200-EMA direction is downwards. Trading recommendations The pair looks to find a solid support at the current level 1.3100. If the pair breaks the level downwards, the decrease will be continued to 1.2900. Otherwise, we will see a growth towards 1.3300. Yen General overview The yen was able to grow against the other majors. Investors used the yen as a safe asset when Tokyo bonds market weakened after a 6 day rally. Current situation Even though the pair grew yesterday its rally seems to run out of steam as the USD/JPY approached a strong resistance at 107.00. The instrument set fresh 4-week highs at the mark 106.85. The resistance is at 107.00, the support comes in at 106.00. MACD remained in the positive territory, its histogram grew which indicates the buyers’ positions strength. RSI is close to the overbought area which is a buy signal. The price remained above the bullish 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are still moving upwards which is a buy signal. Trading recommendations The pair USD/JPY approached 107.00. A cut through here will aim it at the 108.00 level. Conversely, the pair may fall back to 104.50. NZD/USD General overview The NZD decreased on the news that the RBNZ will soften its monetary policy next month. Current situation The kiwi traded weaker on Wednesday. The pair remained in the descending channel. The kiwi found a support at the level 0.7020. The resistance is at 0.7050, the support comes in at 0.6950. MACD is in the negative area. Its histogram decreased which indicates the sellers’ positions strengthening. Indicator RSI is close to the oversold area which is also a sell signal. The 4 hours chart shows that the instrument is just below the 200-EMA. The 50-EMA broke the 100-EMA downwards which is a sell signal. The 50 and 100 EMAs are moving downwards, the 200-EMA is horizontal. Trading recommendations If the NZD/USD does make a breakout at that level 0.7020 the instrument may decrease to 0.6950. The buyers’ nearest target remains at 0.7100. GOLD General overview The gold futures decreased as the strong dollar undermined the attractiveness of the yellow metal. Current situation The gold futures were able to break the level 1330 and decreased towards the next support at 1316. The new local low is at the mark 1312. The pair lost about 1,10% during the course of the trades. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram decreased which indicates the sellers’ positions strength. Indicator RSI is close to the oversold area which is a sell signal. The price broke downwards the 50 and 100 EMAs in the 4 hours chart. Now the price is in-between the 100-EMA and the 200-EMA. The 50-EMA is moving downwards, the 100 and 200 EMAs are horizontal. Trading recommendations The pair left behind another support on its way down. The nearest sellers’ target remains at the level 1309. The price may rebound from the level 1308 (the 200 EMA) and may return to the growth. Brent General overview The Brent got support from the Weekly Crude Oil Stock report in the USA. The USA Oil Stocks have been decreasing the nine week in a line. Current situation The crude oil Brent remained in the descending channel, the price approached its upper limit. The Brent has been in a downtrend channel since mid-June. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is in the neutral territory. The price broke the 50-EMA upwards in the 4 hours chart. However, the price did not hold there and drop below of it. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations We preserve a bearish outlook for the Brent. We expect the trades between the levels 47.50 and 46.50. Dax General overview The Germany Bonds Market strengthened on Wednesday. The software, basic resources and technology sectors grew most of all. The leaders of growth among DAX 30 were the shares of Volkswagen which rose by 6.01%. Current situation The index closed bullish on Wednesday. DAX was able to gain about 1,62%. The session high is marked at 10135. The price approached the level it was not able to break two days ago. The resistance is at 10175, the support is seen at 1000. MACD grew which indicates the buyers’ strength. The indicator gives a buy signal. RSI is close to the overbought area which is a buy signal. The price broke the 50 and 100 EMAs in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations The mark 10135 seems to be a solid resistance for the index. We assume it will bounce downwards back to 1000. Alternatively, the quotes will grow to 10175. S&P 500 General overview The USA Bonds market traded higher on Wednesday. In the lack of any statistics and other drivers the positive corporate earnings supported S&P500. Current situation The S&P500 left its side channel and was able to set a daily high at 2169. The resistance is at 2180, the support is seen at 2165. MACD is in the positive area. Its histogram grew which indicates the buyers’ positions strength. The indicator still gives a buy signal. RSI is close to the overbought territory which is also a buy signal. The 100-EMA rejected the price upwards in the 1 hour chart. The SP500 broke the 50-EMA and advanced north from the moving averages. The moving averages direction is upwards. Trading recommendations We believe the price will grow to 2180 after a rebound to 2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman  Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 21, 2016 Author Report Share Posted July 21, 2016 "Fort Financial Services"- fundamental and technical analysis. 22.07.2016 Euro General overview The ECB left its interest rates unchanged. According to Mario Draghi he expects the Eurozone economy recover in a moderate pace. Mario Draghi stressed that Brexit had a little effect to the inflation outlook in the Eurozone. The USA published the positive Initial Jobless Claims report. Current situation The EUR/USD remained under pressure yesterday. The ECB’s news triggered a sharp short-term rally that boosted the euro to 1.1060. However, the rally faded and sellers returned to the market. The EUR/USD closed the day bearish. The resistance is seen at 1.1050, the support lies at 1.1000. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI returned to the oversold area, its signal line decreased that also indicates sellers’ strength. The price is below the bearish 50-EMA which still acts as a resistance in the 4 hours chart. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations The pair is threatening to break below the psychological support at 1.1000 now. A cut through here will aim it at the 1.0950 level. Pound General overview The recent rally in the pair GBP/USD was supported by the positive unemployment data. However, yesterday’s retail sales report undermined the overall positive outlook. Today we expect a number of PMI releases. Current situation The disappointing UK retail sales data weighed the pound which fell from the local highs. The pair settled above the 1.3100 level by the end of the trades. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is in the neutral territory. The instrument remains in-between the 50-EMA and the 100-EMA in the 4 hours chart. The moving averages (50, 100 and 200) direction is downwards. Trading recommendations The pair may resume its downtrend if it breaks the mark 1.3100. Alternatively, the pair GBP/USD will rally towards 1.3350. Yen General overview The yen fell on the news that the ShinzŠAbe may increase the quantity of the fiscal stimulus measures. Current situation The pair dipped into a negative territory. The USD/JPY left behind the levels 107.00 and 106.00 and approached 105.30. The pair lost about 0.98% during the course of the day. The resistance is at 106.00, the support comes in at 105.30. MACD remained in the positive territory. MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought area which is a sell signal. The instrument broke the 50-EMA and 100-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are turning downwards. Trading recommendations The pair now seems to be heading towards its immediate support near 105.30. A break below the level would open the way to 104.50. AUD/USD General overview Reserve Bank of Australia left its rate unchanged this week. The RBA left the door open for the rate change for August. Current situation The instrument went back and forth during the course of the session on Thursday. The AUD has found a descent resistance around 0.7500. All its attempts to grow were rejected by the level. The resistance is at 0.7500, the support comes in at 0.7400. MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. Indicator RSI is close to the oversold area which is a sell signal. The 4 hours chart shows that the instrument is just below the 100-EMA. The 50-EMA and the 100-EMA are turning down which is a sell signal. The 200-EMA is neutral. Trading recommendations If the pair manages to make a breakout of 0.7500 upwards the AUD/USD may hit 0.7550 -0.7600 area. To trigger additional downward momentum the AUD needs to break 0.7465 (the 200-EMA). GOLD General overview The gold became cheaper on the back of the dollar strengthening. The real estate market supported the dollar.  Current situation The instrument finished the day bullish. The pair was able to recover and gained about 0.82% by the end of the trades. The gold stopped at the current resistance which is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram grew which indicates the sellers’ positions weakening. Indicator RSI bounced from the oversold area. The price broke upwards the 50 and 100 EMAs in the 4 hours chart. Now the price is above the 50-EMA which is heading to penetrate the 100-EMA downwards.  Trading recommendations The XAU/USD rebounded from the level 1308 (the 200 EMA) and grew to the current resistance at 1330. A cut through here will turn our attention to the 1360 level. Brent General overview The oil inventory decreased in the USA which actually was welcome news for the price. Today we expect Oil Rig Count report which can boost the price. Current situation Technically, a bearish tone persists. The crude oil remained in the descending channel, the price returned to its lower limit. The Brent futures dipped from 47.50 to 46.50. The instrument lost about 1.50% during the course of the trades. The resistance is at 47.50, the support comes in at 46.50. MACD indicator is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is in the neutral territory. The price broke the 50-EMA upwards in the 4 hours chart. However, the price did not hold there and drop below of it. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations The tone is still negative in the market. The level 46.50 limits all sellers attempts to go further. A break below this mark risks a decline towards the support at 45.30 NASDAQ Current situation The instrument was in a sell mode yesterday. The index decreased from the all-time highs to the mark 4637. The resistance is at 4650, the support is seen at 4600. MACD decreased which indicates the buyers’ positions weakening. RSI left the overbought area which is a sell signal. The price snapped the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations The NASDAQ is overbought. The most likely scenario involves a move towards 4600. S&P 500 Current situation Technically, a bullish tone persists in the market, however, the index had a negative day on Thursdays. The S&P500 left its daily high at 2169 and fell by 0.42%. The resistance is at 2165, the support is seen at 2150. MACD is in the positive territory. Its histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area which is a sell signal. The price is approaching the bullish 50-EMA in the 4 hours chart. The moving averages (50, 100 and 200) direction is upwards. The SP500 broke the 50 and 100 EMAs in the 1 hour chart and is approaching the 200-EMA. Trading recommendations We still believe in a growth. The price is overbought and we expect a short-term pull back. Now we are waiting for a bullish signal to buy the S&P500.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 24, 2016 Author Report Share Posted July 24, 2016 "Fort Financial Services"- fundamental and technical analysis. 25.07.2016 Euro General overview The USA Manufacturing PMI was the main point of focus last Friday. The positive release supported the dollar. Current situation The tone is still negative in the market. The EUR/USD had a sharp drop below the support level of 1.1000. The new local low is at 1.0955. The resistance is seen at 1.1000, the support lies at 1.0900. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI returned to the oversold area, its signal line decreased that also indicates sellers’ strength. The price bounced downwards from the bearish 50-EMA which still acts as a resistance in the 4 hours chart. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. The instrument almost reached the 200-EMA which rejected it downwards in the 1 hour chart. The pair broke the 50-EMA and the 100-EMA and moved downwards from them. Trading recommendations The bearish views are getting more popular now. The price is likely to go to the support level of 1.0900. Pound General overview The pound fell on the back of weak economical releases which added concerns over the British economy outlook after the Brexit. Current situation The GBP/USD faced further downside pressure. According to the 4 hours chart the cable traded sideways. The sellers managed to lead the price from 1.3300 to 1.3100. The daily and weekly technical studies remain bearish. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD indicator decreased. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is approaching the oversold territory which is a sell signal. The instrument fell below the 50-EMA in the 4 hours chart. The 100 and 200 EMAs direction is downwards, the 50-EMA is horizontal. Trading recommendations If the price fixates below the support 1.3100, it may continue the downward trend in the short term. The potential target is 1.2900. Yen General overview The yen weakened after Haruhiko Kuroda's speech (the BoJ governor). Haruhiko Kuroda denied speculations that Japan may be preparing "helicopter money" for economic stimulus. Current situation The short-term picture is quite mixed. The USD/JPY traded in a flat and went back and forth within a range 105.50 – 106.35. The resistance is at 107.00, the support comes in at 106.00. MACD remained in the positive territory. MACD decreased which indicates the buyers’ positions weakening. RSI is in the neutral territory. The instrument snapped the 100-EMA and bounced upwards above the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are turning downwards. Trading recommendations We may expect the consolidation around the level of 106.00. USD/CAD General overview The Canadian economical growth will be supported by the government fiscal stimulus program. The program shall support the Canadian dollar. However, the low oil prices may limit its growth. Current situation The pair closed bullish on Friday. The USA dollar continued moving higher on the back of the positive USA statistics. The instrument was able to set a new local high at 1.3185. The resistance is at 1.3200, the support comes in at 1.3100. MACD is in the positive area. MACD grew which indicates the buyers’ positions strengthening. Oscillator RSI is close to the overbought area which is a buy signal. The 4 hours chart shows that the instrument is growing above the 50, 100 and 200 EMAs. The pair bounced upwards from the 50-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations From a technical perspective we see a growth continuation. As long as market holding above 1.3100 the uptrend pressure will continue toward 1.3200. GOLD General overview The gold became cheapen last Friday. The metal is under pressure due to the possible rate hike in the USA. Current situation The instrument finished the day bearish. Its rally was stopped at the level 1330 which rejected the price downwards. The price remained in a sideway channel. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram grew which indicates the sellers’ positions weakening. Indicator RSI is in the neutral area. The price broke the 50 and 100 EMAs downwards in the 4 hours chart. Now the price is below the 100-EMA. The 50 and 100 EMAs are moving downwards, the 200-EMA is neutral. Trading recommendations The price may continue the side trades between the levels 1330 and 1316. Alternatively, an uptrend will start as soon, as the pair rises above 1330. Brent General overview The Brent is under pressure as investors are concerned over the existing oil oversupply in the world markets. Current situation Technically, the tone is still negative in the market. The Brent futures continued to grind lower and touched 45.30. The resistance is at 46.50, the support comes in at 45.30. MACD indicator is in the negative area. MACD decreased which indicates the sellers’ positions strengthening. RSI approached the undervalued area which is a sell signal. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations The tone is still negative in the market. To trigger additional downward momentum towards 44.00 the price needs to break the current support. A break above 46.50 would open the way to 47.50. DAX General overview The Germany Bonds market showed mix dynamics last Friday. The shares of Vonovia SE were the leaders among the DAX30 components. Its shares gained 1.14%. Current situation The index closed bullish on Friday. The instrument spent the last day of the week below 10175. All its attempts to grow further were limited by the level. The resistance is at 10175, the support exists at 10000. MACD decreased which indicates the buyers’ positions weakening. RSI is close to the overbought area which is a buy signal for now. The bullish 50-EMA broke the 100 and 200 EMAs upwards in the 4 hours chart. The moving averages (50, 100 and 200) are moving upwards. Trading recommendations We believe the index will trade sideways on Monday. The instrument might move back and forth in a narrow side range between 10080 and 10175. S&P 500 General overview The S&P 500 index is strong due to the positive corporative earnings reports. However, Intel and GE negative reports worsened its positive dynamics. Current situation The index refreshed the all-time high at 2170. The instrument closed the Friday in a green territory. The overall tone is bullish. The resistance is seen at 2180, the support is at 2165. MACD is in the positive territory. Its histogram decreased which indicates the buyers’ positions weakening. RSI is close to the overvalued territory which is a buy signal. The price bounced from the bullish 50-EMA in the 4 hours chart. The moving averages (50, 100 and 200) direction is upwards. Trading recommendations Technically, a bullish tone persists in the market. All our eyes are on the level 2170. If the index SP500 manages to break it the further uptrend will be continued to 2180.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 25, 2016 Author Report Share Posted July 25, 2016 "Fort Financial Services"- fundamental and technical analysis. 26.07.2016 Euro General overview The euro remained almost unchanged on Monday. The single currency is close to the monthly lows against the dollar in spite of the positive German statistics. The USA dollar is supported by the upcoming Fed meeting. Current situation We remain bearish on EUR/USD’s prospects. The euro began the week with small gains, however, it failed to regain the 1.1000 level and fell from the daily highs. The EUR/USD has been in a bearish trend for 3 weeks on the daily chart. The 4 hours chart is neutral. The resistance is seen at 1.1000, the support stands at 1.0900. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI returned to the oversold area, its signal line decreased that also indicates sellers’ strength. The trading instrument made an attempt to break the 50-EMA in the 1 hour chart, but failed and was rejected downwards. The price is below the bearish 50-EMA in the 4 hours chart. The moving averages (50, 100 and 200) are moving downwards which is a sell signal. Trading recommendations The euro continued moving lower yesterday. We expect a near-term drop to test the 1.0900 support. Pound General overview The USA dollar remained unchanged due to the moderate risk appetite. The optimistic USA statistics together with weakness of the pound supported the dollar. Current situation The GBP remained unchanged at the start of the new week. The pound is still under pressure. The currency tested the lower bound of its descending channel yesterday. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the negative territory, the indicator is close to the centerline. If the histogram remains in the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will have the ball. RSI is approaching the oversold territory which is a sell signal. The instrument remained below the 50-EMA in the 4 hours chart. The 100 and 200 EMAs direction is downwards, the 50-EMA is horizontal. Trading recommendations In the potential scenario, the next stop for the GBP/USD could well be around 1.2900. If the price fixates above the resistance 1.3300, it may show a short term upward movement to 1.3500. Yen General overview The USA dollar and the Japanese yen were stable on the Monday’s trades. Investors prefer wait and see position before the Fed and BoJ’s meetings. Current situation The yen was almost unchanged in the Monday session; however, the bearish views are getting more popular. The pair remained at the current support at 106.00. The resistance is at 107.00, the support comes in at 106.00. MACD remained in the positive territory. MACD decreased which indicates the buyers’ positions weakening. RSI is in the neutral territory. The instrument broke the 50-EMA and stopped at the 100-EMA in the 1 hour chart. The moving averages (50, 100 and 200) are still heading north. The USD/JPY is above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages direction is upwards. Trading recommendations Buyers seem to have run out of steam. Bears may take control of the flows soon. A downtrend will start as soon, as the USD/JPY pair drops below the support level 105.30. In the scenario where the buyers keep control the pair may grow to 107.00 and then further to 108.00. AUD/USD General overview The dollar was neutral, the US currency remained at the 4 month peaks against the other majors. The upcoming Fed meeting and the possibility of the rate hike in 2016 support the dollar. Current situation The pair AUD/USD traded inside its descending channel. The AUD started the week with a recovery and was able to grow by the psychologically important 0.7500 mark. However, the pair failed to regain the level and fell. The session low was marked at 0.7454. The resistance is at 0.7500, the support comes in at 0.7400. MACD is in the negative area. MACD decreased which indicates the sellers’ positions strengthening. Oscillator RSI is close to the overbought area which is a buy signal. The price rebounded from the 100-EMA and stopped at the 200-EMA in the 4 hours chart. The 50-EMA is breaking the 100-EMA at the same chart, both lines are moving downwards. Trading recommendations The potential decrease target is the support level of 0.7400. GOLD General overview The gold futures decreased on Monday. The yellow metal is close to the 3-week lows. The dollar is supported by the upcoming Fed meeting. Current situation The overall outlook remained the same. The XAU/USD is still under pressure. However, the gold managed to recover yesterday and gained about 0.30% during the day. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram decreased which indicates the sellers’ positions strengthening. Indicator RSI is in the neutral area. The price broke the 50 and 100 EMAs downwards in the 4 hours chart. Now the price is in-between the 100-EMA and the 200-EMA. The 50 and 100 EMAs are moving downwards, the 200-EMA is neutral. Trading recommendations Technically, a bearish tone persists in the market. If the XAU/USD does make a breakout at that level 1310 the yellow metal will decrease to 1300. Brent General overview The Brent decreased and refreshed the 2-month lows on the back of the cautions regarding the oil oversupply in the market. Current situation The Brent traded lower yesterday. The crude oil futures lost about 2.00% during the trades of the day. Sellers led the price from the mark 45.85 to 44.52. The resistance is at 45.30, the support comes in at 44.00. MACD indicator is in the negative area. MACD decreased which indicates the sellers’ positions strengthening. RSI approached the undervalued area which is a sell signal. The moving averages (50, 100 and 200) are moving downwards in the 4 hours chart. Trading recommendations After the support level of 44.00 breakthrough down the way to the support 42.80 will be opened. NASDAQ General overview The USA Bonds market decreased on Monday. Investors are getting ready for the new earning reports and the Fed meeting. Current situation The index was neutral on Monday. NASDAQ spent the day at the current support level 4650. The resistance is at 4700, the support stands at 4650. MACD decreased which indicates the buyers’ positions weakening. RSI bounced from to the overbought area which is a sell signal. The index failed to regain the 50-EMA and stopped at it in the 1 hour chart. The 50-EMA is horizontal, the 100 and 200 EMAs are moving upwards.  Trading recommendations If the price fixates below the support 4650, it may continue the downward trend in the short term. The potential target is 4600. S&P 500 General overview All ten of S&P500 components went into the red territory. The energy companies were the leaders of the decrease. Current situation The tone became negative in the market. Bears are gradually gaining more overall control. The index decreased and lost about 0.36% by the end of the trades. The resistance is seen at 2165, the support is at 2150. MACD is in the positive territory. Its histogram decreased which indicates the buyers’ positions weakening. RSI left the overvalued territory which is a sell signal. The index broke downwards the 50, 100 and 200 EMAs in the 1 hours chart. After the break the instrument reversed some losses and returned to the 200-EMA. The moving averages are turning down. The price fell and stopped at the 50-EMA in the 4 hours chart. The moving averages (50, 100 and 200) direction is still upwards. Trading recommendations We expect the 2150 line break that will open the way for the sellers to 2140.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 26, 2016 Author Report Share Posted July 26, 2016 "Fort Financial Services"- fundamental and technical analysis. 27.07.2016 Euro General overview The dollar reversed its losses against the majors getting support from positive New Home Sales release. Current situation The euro continued moving lower and remained inside the bearish channel. The session low was marked at 1.0977. Now the EUR/USD is approaching the local support level of 1.0950. The resistance is seen at 1.1000, the support stands at 1.0900. MACD is in the negative area. The histogram decreased which indicates the sellers’ strength. RSI is neutral. The trading instrument broke the 50 and 100 Day EMAs and was rejected downwards by the 200-EMA in the 1 hour chart. The price returned below the 100-EMA and remained there. Now the price is sandwiched between the 50 and 100 Day EMAs in the 1 hour chart. The Moving Averages are trending downwards which is a sell signal. Trading recommendations As long as market is below 1.1000 the pair will tend to move towards 1.0900. Pound General overview The pound got under pressure due to the revived expectations that the BoE would lower the rate in August. Current situation The pound was neutral yesterday. The trading instrument remained at the support 1.3100, going back and forth during the course of the day. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the negative territory, the indicator is close to the centerline. If the histogram remains in the negative territory, that will indicate sellers’ strength. If MACD returns into the positive area the buyers will have the ball. RSI is neutral. The 50, 100 and 200 Day EMAs are trending downwards, forming a bearish cross over in the 1 hour chart. The instrument remained below the 50-EMA in the 4 hours chart. The 100 and 200 EMAs direction is downwards, the 50-EMA is horizontal. Trading recommendations In the event that sellers manage to force the pair below 1.3100 the GBP/USD will decrease towards 1.2900. Alternatively, the Sterling will grow to 1.3300. Yen General overview The yen grew when Japanese monetary and fiscal easing plans disappointed investors’ expectations. The BoJ will use 6 trillion yen for the fiscal stimulus against the expected 10 to 20 trillion yen. Current situation Bears have the ball now. Traders pushed the dollar lower from 3-week highs yesterday. The instrument lost about 1% during the course of the day. The resistance is at 105.30, the support comes in at 104.50. MACD moved into the negative territory which indicates the sellers’ positions strengthening. RSI reached the oversold area which is another sell signal. The instrument broke the 50, 100 and 200 Day-EMAs in the 4 hours chart. The moving averages (50, 100 and 200) are changing their upwards direction to the downward one.  Trading recommendations The bearish views are getting more popular, moreover, the indicators recommend short positions. The price is expected to resume its falling towards 103.50. NZD/USD General overview The New Zealand dollar grew on the news that Trade Balance decreased in the country in June. Current situation The pair gapped upwards and rallied towards the resistance at 0.7050. After breaking the level the bullish spike faded and the NZD/USD dropped back below the level 0.7050. Bears are gradually gaining more overall control. The resistance is at 0.7050, the support comes in at 0.6950. MACD indicator is at the centerline. If the histogram returns into the negative territory, that will indicate sellers’ growing strength. If MACD gets into the positive area the buyers will take control over the market. Oscillator RSI bounced downwards from the overbought area which is a sell signal. The NZD was able to break the 50, 100 and 200 Day EMAS in the 4 hours chart. However, the quotes did not advance further and the 100-EMA rejected the pair downwards. The moving averages are moving downwards with a bearish cross over between the 50-EMA and the 100 and 200 EMAs. Trading recommendations Technically, a bearish tone persists in the market. We believe the downtrend will continue. The next sellers' stop could well be at the mark 0.6980. GOLD General overview The gold decreased as traders prefer wait and see mode before the Fed’s meeting is over. Current situation The overall outlook remained bearish. The XAU/USD was in a flat, the price moved back and forth within a sideway: 1323 – 1314. The resistance is seen at 1330, the support stands at 1316. MACD is in the negative area. The histogram grew which indicates the sellers’ positions weakening. Indicator RSI is in the neutral area. Technically, the 1 hour chart shows that the instrument grew and broke through the 50 and 100 EMAs, but failed to move further the 200-EMA where the price bounced downwards. The 50, 100 and 200 Day EMAs are moving downwards. Trading recommendations We believe the growth will be continued now. The first target is the level 1330. We do not exclude the falls to 1310. Brent General overview The Brent decreased as traders are worried that ongoing oversupply will drag the price lower. Current situation Sellers took control of the flows, the Brent closed bearish yesterday. The sellers managed to lead the quotes from 44.90 to 44.15 dollars per barrel where the trading instrument found a support around 44.00. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel. Indicators generate a sell signal. MACD indicator is in the negative area. MACD decreased which indicates the sellers’ positions strengthening. RSI approached the undervalued area which is another sell signal. The moving averages (50, 100 and 200) are trending downwards in the 4 hours chart. Trading recommendations The upward bounce potential targets are 45.30, 46.50. If the price falls it will get to 44.00 dollars per barrel. DAX General overview The European Bonds Market showed low volatile trades. Traders waited for the Fed's meeting result which can change the current market dynamics. Current situation The index had a positive day on Thursday. The DAX gapped upwards and then rallied. The session high was marked at 10269. We believe that this is essentially a “buy only†market at the moment. The resistance is at 10350, the support stands at 10175. The indicators recommend long positions. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area which is a buy signal. The index bounced from the 50-EMA and grew in the 1 hour chart. The 50, 100 and 200 EMAs are moving upwards in the 1 hour chart. Trading recommendations If the price fixates above the resistance 10350, it may continue the upward trend in the short term. The potential target is 10520. The potential downward rebound target is the support level of 10175. S&P 500 General overview The Bonds Markets in the USA showed a mixed trading sentiment on Thursday. Investors evaluated corporate earning reports and prepared themselves for the Fed's meeting results. Current situation The index seems to have changed its sentiment from a positive to a negative one. Bears are gradually gaining more control, the quotes get under pressure more often. The resistance is seen at 2165, the support is at 2150. MACD is in the positive territory. Its histogram decreased which indicates the buyers’ positions weakening. RSI left the overvalued territory which is a sell signal. RSI is in the neutral territory now. The trading instrument got under the 50 and 100 EMAs in the 1 hour chart. The price is sandwiched between the 50 and 100 EMAs on one hand and the 200-EMA on the other. The S&P500 is at the 50-EMA in the 4 hours chart. The moving averages direction is upwards. Trading recommendations After the support level of 2150 breakthrough down the way to the support 2140 will be opened.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 28, 2016 Author Report Share Posted July 28, 2016 "Fort Financial Services"- fundamental and technical analysis. 28.07.2016 Euro General overview The dollar attracted everyone’s attention yesterday in light of the Fed meeting. The USA regulator left its rate unchanged. Current situation The pair presented a modest bearish tone during the day. The trading instrument spent the day at the level 1.1000. However, the pair grew after the Fed meeting results announcement. The resistance is seen at 1.1030, the support stands at 1.1050. MACD indicator is close to the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will return control over the market. RSI grew to the overbought level. The 1 hour chart showed that the price broke the 50, 100 and 200 EMAs. The 50, 100 and 200 EMAs are turning upwards. Trading recommendations The overall outlook remains bearish. However, the pair resumed its growth. If the EUR/USD keeps growing the level 1.1130 will be reached soon. Pound General overview The pound decreased on Wednesday in spite of positive GDP for the 2nd quarter. However, the British currency got a moderate support at the American session on the back of the news from the USA. Current situation The pound was neutral most of Wednesday. The trading instrument remained at the support 1.3100, going back and forth during the course of the day. The pound got a moderate support after the Fed decision to leave the rates unchanged. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the negative territory, the indicator is close to the centerline. If the histogram remains in the negative territory, that will indicate sellers’ strength. If MACD returns into the positive area the buyers will have the ball. RSI is neutral. The 50, 100 and 200 Day EMAs are trending downwards, forming a bearish cross over in the 1 hour chart. The instrument broke the 50, 100 and 200 Day EMAs and advanced north in the 1 hour chart. Trading recommendations The trend is objectively bearish. The pair is under the risk of falling under the level of 1.3100. Alternatively, the GBP/USD will grow to 1.3300. Yen General overview The yen fell amid stimulus package details. BoJ plans to implement a package of 28 trillion yen to boost the economy up. Current situation The dollar reversed some of its losses during the Wednesday trades. Buyers led the price from the mark 103.94 to 106.56. The bulls failed to regain the 106.00 level and the price returned below of it. The pair closed bearish yesterday. The resistance is at 105.30, the support comes in at 104.50. MACD remained in the negative territory. MACD grew which indicates the sellers’ positions weakening.  RSI returned to the oversold area which is a sell signal. The instrument tested the 50-EMA in the 4 hours chart. The moving averages (50, 100 and 200) are changing their upward direction to the downward one.  Trading recommendations The tone is still negative in the market. The USD/JPY pair needs to break the level 104.50 to resume a downward momentum towards 103.50. USD/CAD General overview The USD/CAD outlook was neutral during the day as the pair waited for the Fed policy statements. In addition, lower oil prices weighed on the CAD. Current situation The instrument traded near 4-month highs during the day. The pair made an attempt to resume its growth after a correctional decline. The instrument grew from 1.3156 and gained about 0.18% by the end of the day. However, the Fed decision to leave the rates unchanged weighed on the Canadian dollar which fell against its American counterpart. The resistance is at 1.3300, the support comes in at 1.3200. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. Oscillator RSI bounced downwards from the overbought area which is a sell signal. Technically, the 1 hour chart showed that the pair traded close to the 50-EMA during the day. However, the price broke the line and decreased on the back of the Fed decision. The 50, 100 and 200 EMAs are moving upwards in the 1 hour chart. Trading recommendations Even though the tone is still positive the pair may develop a downward correction towards the support 1.3100. GOLD General overview The gold strengthened when the dollar got under pressure in the USD/JPY after Abe Sindzó’s comments regarding the fiscal stimulus implementation next week. The Fed decision regarding the rates and the regulators’ comments supported the yellow metal by the end of the day. Current situation Technically, the main trend is up. Traders pushed the gold higher yesterday; the session high was marked at 1340. The resistance is seen at 1360, the support stands at 1330. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ positions strength. If MACD returns into the negative area the sellers will take control over the market. Indicator RSI grew to the overbought area. Technically, the 1 hour chart shows that the instrument grew and broke through the 50, 100 and 200 EMAs. The 50, 100 and 200 Day EMAs are turning upwards. Trading recommendations We believe the gold will grow towards the resistance 1360. Brent General overview The Brent remained under pressure amid oversupply and weak demand. Moreover, the Brent decreased on the back of the crude oil inventories growth. The inventories have grown the first time in 10 weeks. Current situation Bears have the ball and control the market now. The instrument had a sharp drop below the support level of 44.00. The Brent lost about 2.95% during the course of the day. The resistance is at 44.00, the support comes in at 42.80 dollars per barrel. Indicators generate a sell signal. MACD indicator is in the negative area. MACD decreased which indicates the sellers’ positions strengthening. RSI approached the undervalued area which is another sell signal. The price grew to the 50-EMA and bounced downwards from it in the 1 hour chart. The moving averages (50, 100 and 200) are trending downwards in the 4 hours chart. Trading recommendations The more oil falls the more attractive it becomes for buying. The price may extend its decrease towards the 42.00 region. NASDAQ General overview The Bonds Market in the USA showed mixed dynamics on the back of the positive corporative Apple reports on the one hand and Fed meeting results on the other. Current situation The index looks bullish. The Nasdaq grew and set a new high at 4713.    The resistance is at 4700, the support stands at 4650. The indicators recommend long positions. MACD is in the positive area. The histogram grew which indicates the buyers’ positions strength. RSI entered the overbought area which is a buy signal. The 50, 100 and 200 EMAs are moving upwards in the 4 hours chart. Trading recommendations The overall outlook remained bullish. Nasdaq may resume its growth as the Fed left its rate unchanged which is welcome news for the dollar. S&P 500 Current situation The index seems to have returned to the positive sentiment. The index was falling the whole day, but reversed after the Fed statements. The index grew from the lowest mark at 2152 and closed the day at 2165. The resistance is seen at 2165, the support is at 2150. MACD is in the positive territory. Its histogram decreased which indicates the buyers’ positions weakening. RSI left the overvalued territory which is a sell signal. RSI is in the neutral territory now. The trading instrument broke under the 50 and 100 EMAs for a while and returned above the moving averages in the 1 hour chart. The S&P500 broke the 50-EMA in the 4 hours chart. The moving averages direction is upwards. Trading recommendations We expect the index to resume its growth. The level 2182 is the buyers’ target.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 28, 2016 Author Report Share Posted July 28, 2016 "Fort Financial Services"- fundamental and technical analysis. 29.07.2016 Euro General overview The euro grew to the 2-week highs against the dollar on the back of positive statistics from Germany and Italy. The Fed decision keeps weighing on the dollar. Current situation The pair presented a modest bearish tone. The instrument grew to the 1.1130 region where the pair sold off. The EUR/USD closed bearish yesterday. The resistance is seen at 1.1130, the support stands at 1.1050. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI grew to the overbought level. The price broke upwards the 50, 100 and 200 EMAs in the 4 hours chart. However, the EUR/USD was not able to hold there and returned below the 200-EMA. Trading recommendations The EUR/USD pair is under pressure. If the pressure persists the price will resume the downward movement. In the scenario where sellers return to the market the euro falls to 1.1000. Pound General overview The dollar is under pressure after the weak Initial Jobless Claims report and the Fed decision to keep the rate unchanged. Current situation The growth was stopped at the mark 1.3247 where the pair reversed downwards and showed a negative dynamics. The instrument closed the day in the red zone. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is still neutral. The price showed a short-lived growth above the 50 and 100 EMAs. After reaching the mark 1.3242 the pair fall and returned between the 50 and 100 Day EMAs.  Trading recommendations The trend is still bearish. The GBP/USD next stop could well be at the 1.2900 region. Yen General overview The yen strengthened against the dollar before the BoJ meeting on Friday. The market expected the regulator will soften its policy. Current situation The pair was in a flat close to the level 104.50 during the day. The price resumed its growth at the American session and reached the level 105.30. The resistance is at 105.30, the support comes in at 104.50. The indicators MACD and RSI still generate sell signal. The instrument grew from the 100-EMA in the 4 hours chart. The price broke the 50 and 200 EMAs on its way. The USD/JPY closed the day above the moving averages which are neutral. Trading recommendations We believe the growth will be continued now. The first target is the level 105.30. We do not exclude the falls to 103.50. AUD/USD General overview The dollar is under pressure after the Fed decision to keep the rate unchanged. The markets did not get a solid confirmation that the regulator will change the rate in September. Current situation The instrument decreased from the daily high at 0.7550. The pair tested the level 0.7500 and closed the day bearish. The resistance is at 0.7600, the support comes in at 0.7500. MACD decreased which indicates the buyers’ positions weakening. RSI advanced south from the overbought area which is a sell signal. Technically, the price is approaching the 50 and 100 Day EMAs in the 4 hour chart. The moving averages 50, 100 and 200 are neutral. Trading recommendations If the pair makes a breakout of 0.7500 and consolidates below the downward trend will be continued. The sellers’ next target is the support 0.7400. GOLD General overview The gold strengthened when the markets did not get any clue when the Fed will hike the rate. Current situation The gold spent the day in a flat close to the daily highs at 1345. The pair resumed its fall at the American session where the price decreased to the 1330 region. The resistance is seen at 1360, the support stands at 1330. MACD is in the positive area. The histogram grew which indicates the buyers’ growing strength. Indicator RSI bounced from the overbought area. Technically, the instrument is above the 50, 100 and 200 EMAs in the 4 hours chart. The 50, 100 and 200 Day EMAs are turning upwards. Trading recommendations To trigger additional upward momentum the XAU/USD needs to consolidate over the local high at 1345. In this scenario the buyers shall lead the price towards 1360. Brent General overview The Brent failed to recover and resumed its decrease amid growing fears regarding the oversupply growth. Current situation The tone is still negative in the market, the Brent futures faced further downside pressure. The price decreased and lost about 1.53% during the course of the day. The resistance is at 44.00, the support comes in at 42.80 dollars per barrel. Indicators generate a sell signal. MACD decreased which indicates the sellers’ positions strengthening. RSI is in the oversold area which is a sell signal. The price was moving from the 50, 100 and 200 EMAs the 4 hours chart. The moving averages (50, 100 and 200) are trending downwards. Trading recommendations Sellers still control the market. We expect the price to fall further towards 41.40. DAX30 General overview The DAX showed mixed trading dynamics as investors evaluated the corporate reports for the last quarter. Current situation The overall outlook remained bullish, the DAX resumed its growth after a short consolidation below 10350. The resistance is at 10350, the support stands at 10175. The indicators recommend long positions. MACD is in the positive area. The histogram grew which indicates the buyers’ positions strength. RSI entered the overbought area which is a buy signal. The 50, 100 and 200 EMAs are moving upwards in the 4 hours chart. Trading recommendations We are short term bullish. A break above the current resistance at 10350 will aim the price at the 10520 level. S&P 500 General overview The S&P500 fell on Thursday on the back of Ford shares decrease. The Ford shares fell amid the weak corporate report. Current situation The index showed mixed dynamics. S&P500 was decreasing the first part of the day and grew the second one. The trading instrument closed the day bullish. The resistance is seen at 2165, the support is at 2150. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is neutral. The trading instrument broke under the 50, 100 and 200 EMAs for a while and returned above the moving averages in the 1 hour chart. The moving averages form a narrow channel. Trading recommendations The upward bounce potential targets are 2165 and 2180. If the price falls it will get to 2150.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted July 30, 2016 Author Report Share Posted July 30, 2016 "Fort Financial Services"- fundamental and technical analysis. 01.08.2016 Euro General overview The euro strengthened against the dollar after better-than-expected Eurozone GDP data. The Fed hawkish announcements without any clues over the date of a possible rate hike weighed the dollar as well. Current situation The pair had a positive day on Friday. The instrument jumped to its highest mark and set a new 5-week high around the 1.1200 level. The euro gained about 0.80% during the course of the day. The resistance is seen at 1.1200, the support stands at 1.1130. According to the indicators bulls have the ball now. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI entered the overbought level. The 4 hours chart shows that the price broke the 200-EMA which was its last obstacle on its way up. Now the price is heading higher in the 1.1200 region. Trading recommendations The market looks like it could pull back a little. The price might return to the 1.1100 region (200-EMA ) where we recommend to buy. In this scenario, the levels 1.1130 and 1.1200 are the possible targets. Pound General overview The pound grew on the back of the positive data. The Fed decision over the rate hike together with worse-than-expected Q2 GDP data pressured the dollar. Current situation The pound rallied to a fresh 11-day high when the dollar was hurt by a worse than expected US GDP. The trading instrument gained more than 130 pips and set a new high at the mark 1.3300. This is the highest level since July 18th. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is heading to the overbought territory which is a buy signal. The price broke the 100-EMA and stayed over it in the 4 hours chart. The moving averages lines with periods 50, 100 and 200 are trending downwards. Trading recommendations The GBP/USD has all chances to grow on the back of a weak dollar. The level 1.3300 is the first buyers’ target. Yen General overview The yen strengthened when the BoJ increased its purchases of ETFs (exchange-traded funds). However, the BoJ’s statements disappointed investors who expected bolder measures from the regulator. Current situation The yen took control of the flows. The pair decreased and set the lowest level since July 11th. The resistance is at 103.50, the support comes in at 102.50. The indicators MACD and RSI still generate sell signal. MACD decreased which indicates the sellers’ strength. RSI entered the oversold area. The instrument broke the 50, 100 and 200 Day EMAs downwards in the 4 hours chart. The moving averages lines are turning downwards. Trading recommendations All eyes are right now at the support level 101.40. Should the instrument break the level and the downward movement will be extended. NZD/USD General overview The dollar weakened after worse-than-expected Q2 GDP data. The kiwi grew after positive building permits report. Current situation  A rebound from the level 0.6950 allowed the instrument to form a bullish channel. The pair climbed to the fresh weekly high on Friday. The session high was marked at 0.7213. The resistance is at 0.7250, the support comes in at 0.7150. Technical indicators are giving buy signals. MACD is still positive. The histogram grew which indicates the buyers’ strength. RSI entered the positive territory. Technically, the price is trending upwards from the 50, 100 and 200 EMAs in the 4 hour chart. The moving averages are turning upwards. Trading recommendations The price may roll back to 0.7150 where it will turn upwards. In this potential scenario, the next stop for the NZD/USD could well be around 0.7250. GOLD General overview The traders preferred buying the gold on Friday after the disappointed Fed’s decision to keep the rates unchanged. The Bank of Japan disappointed traders as well as the markets expected bolder actions from the regulator. Current situation Daily and weekly technical studies remain bullish. The pair had a positive day on Friday. Bulls are gradually gaining more control over the market. The buyers managed to lead the price from the support 1330 to the mark 1350. The resistance is seen at 1360, the support stands at 1330. Indicators generated a buy signal. MACD is in the positive area. The histogram grew which indicates the buyers’ growing strength. Indicator RSI approached the overbought area. Technically, the instrument is above the 50, 100 and 200 EMAs in the 4 hours chart. The price was growing from the moving averages. The 50-EMA is crossing the 100-EMA upwards. The 50, 100 and 200 Day EMAs are moving upwards. Trading recommendations The overall outlook remains bullish, for a rise towards 1360 resistance area. Brent General overview The Brent fell to the April lows on Friday over the concerns regarding the world economy growth slow down. Current situation The Brent retreated from the oversold territory. The current rebound above 42.80 should be considered corrective. The instrument grew by 0.50% during the trades on Friday. The resistance is at 44.00, the support comes in at 42.80 dollars per barrel. Indicators still generate a sell signal. However, MACD grew which indicates the sellers’ positions weakening. RSI left the oversold area. The price grew and broke the 50-EMA upwards in the 1 hour chart. After the break the price remained at the 50-EMA. The 50, 100 and 200 Day EMAs are moving downwards. Trading recommendations All eyes are right now at the support level 42.80. Should that level break down and the price will decrease further to 41.40. NASDAQ General overview The USA Bonds market started the last trading day in the red zone. The indices decreased after the disappointed GDP data in the USA. Current situation The overall outlook remained bullish. The index traded close to its highs at 4737. The price consolidated during the day. The NASDAQ closed the day bearish. The resistance is at 4800, the support stands at 4700. The indicators recommend long positions. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area. The 50, 100 and 200 EMAs are moving upwards in the 4 hours chart. Trading recommendations We do not exclude a correction. The potential sell targets are the two levels of support: 4700 and 4650. S&P 500 General overview The USA Bonds Market slowed down. The weak oil, concerns over the world economy after the Brexit, the BoJ's disappointed decision weighed the S&P500 index. Current situation The index showed mixed dynamics. The price remained close to its all-time high. The resistance is seen at 2180, the support is at 2165. MACD indicator is at the centerline. RSI is neutral. The trading instrument broke under the 50, 100 and 200 EMAs for a while and returned above the moving averages in the 1 hour chart. The moving averages formed a narrow channel. All lines are moving upwards. Trading recommendations We believe the consolidation between the levels of 2180 and 2165 will be continued now.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 3, 2016 Author Report Share Posted August 3, 2016 "Fort Financial Services"- fundamental and technical analysis. 03.08.2016 Euro General overview Personal Incomes came in at 0.2% which did not coincide with the forecasts. Personal Spending showed 0.4% which met the traders’ expectations. The dollar remained under pressure across the board. Current situation The short term technical outlook is positive. The EUR/USD pair reached fresh post-Brexit highs. The instrument traded at the top of its ascending channel on Tuesday. The resistance is seen at 1.1270, the support stands at 1.1200. The indicators remained within the positive territory. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overvalued area. In the 4 hours chart, the instrument is heading higher above the 50, 100 and 200 Day EMAs. The moving averages are turning upwards. The 50-EMA is crossing the 100-EMA upwards and approaching the 200- EMA. The moving averages generate a buy signal. Trading recommendations The pair now seems to be heading towards its immediate resistance near 1.1270. We recommend buying on pullbacks Pound General overview The positive Construction PMI boosted the pair upwards fueling its upward momentum. The concerns over the Fed’s rate hike together with the weak USA statistics weighed on the dollar. Current situation The pound strengthened on the dollar's weakness on Tuesday. The Sterling grew and left behind the side channel. The GBP/USD pair set a fresh high at 1.3356. The current resistance is seen at 1.3500, the support exists at 1.3300. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching the oversold territory. The indicators generate a buy signal. The price left the 50 and 100 Day EMAs behind and is approaching the 200-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are neutral. The moving averages are still neutral and do not generate any signal. Trading recommendations The pair had a positive day on Tuesday and it has all chances to have the same one on Wednesday. We feel comfortable taking short-term long positions. The instrument seems to be heading towards the resistance 1.3500 Yen General overview The yen grew to the 3-week high when the Japanese Prime Minister approved a fiscal stimulus package.Current situation The price is bearish on intraday charts. The pair has been under pressure since last week. The USD/JPY continued moving lower and formed a lower low at 100.64. The resistance is at 101.40, the support comes in at 100.40. The indicators MACD and RSI still generate sell signals. MACD decreased which indicates the sellers’ positions strength. RSI entered the oversold area. The instrument broke the 50, 100 and 200 Day EMAs downwards in the 4 hours chart. The moving averages are heading downwards. Trading recommendations The short term picture is bearish. We believe that this is essentially a “sell only†market at the moment. The nearest sellers' target lies at 100.40. We expect a short-term bullbacks towards 101.40 AUD/USD General overview In economic news, the RBA cut the rate by 25bps to a record low of 1.50% Current situation The AUD bounced from the support 0.7500 and rallied on the back of the RBA’s decision to cut the rate. The pair could escalate up to 0.7600 where its rally slowed down. The session high was marked at 0.7635. The resistance is at 0.7700, the support comes in at 0.7600. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought territory. The 4 hours chart shows that the instrument bounced from the 200-EMA and headed north leaving the 50, 100 and 200 EMAs behind. The moving averages are moving upwards. Trading recommendations We may expect a further growth towards 0.7700. Alternatively, the pair shall decrease to 0.7500. GOLD General overview The gold remained at the 3-week highs as investors expect from the Fed further signals regarding a rate hike. Current situation The pair had a positive day on Tuesday. The instrument is approaching the resistance level of 1370. The resistance is seen at 1370, the support stands at 1350. Indicators generated a buy signal. MACD is in the positive area. Indicator RSI entered the overbought area. The price is above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages generate a buy signal. Trading recommendations The potential growth targets are the resistance levels: 1370 and 1400. Brent General overview The Brent futures are approaching the 41.40 level. The weakness around the dollar increased the demand for the oil. Current situation The tone is still negative in the market. The sellers managed to lead the price from the resistance 42.80 to the new session lows at 41.40. The resistance is at 42.80, the support comes in at 41.40 dollars per barrel. Indicators still generate a sell signal. MACD decreased which indicates the sellers’ positions strengthening. RSI is close to the oversold area. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower. Trading recommendations We believe the decrease will be continued now. The first target is the level 41.40, the next one is 40.00. We do not exclude the growth to 42.80 NASDAQ General overview The USA stocks traded lower on the back of a modest earning report from Pfizer and the weak USA data. Current situation Technically, the main trend is up, however, the index closed bearish on Tuesday. The sellers led the price from all-time high to the support 4700. The resistance is at 4800, the support stands at 4700. The indicators recommend short positions. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area and approached the oversold one. The 50-EMA stopped the yesterday’s decrease. The 50-EMA acted as a support for the price. The 50, 100 and 200 Day EMAs are moving upwards. Trading recommendations If Nasdaq does make a breakout at that level 4700 the index will resume its downward trajectory. If successful, it is expected to fall to the level 4650 S&P 500 General overview The USA stocks presented a modest negative tone on the back of the concerns over the world economy growth and bearish sentiment growth in the commodity market. Current situation The index showed a negative dynamics. Sellers were able to drive the index lower. The price fell from the 2170 mark towards 2140. The resistance is seen at 2165, the support is at 2150. The indicators generate a sell signal. MACD entered the negative area. MACD decreased which indicates sellers’ growing strength. Oscillator RSI approached the oversold territory. In the 4 hours chart, the price broke the 50 and 100 EMAs. The moving averages are still moving upwards. Trading recommendations After the support level of 2140 breakthrough down the way to the support 2120 will be opened. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 3, 2016 Author Report Share Posted August 3, 2016 "Fort Financial Services"- fundamental and technical analysis. 03.08.2016 Euro General overview Personal Incomes came in at 0.2% which did not coincide with the forecasts. Personal Spending showed 0.4% which met the traders’ expectations. The dollar remained under pressure across the board. Current situation The short term technical outlook is positive. The EUR/USD pair reached fresh post-Brexit highs. The instrument traded at the top of its ascending channel on Tuesday. The resistance is seen at 1.1270, the support stands at 1.1200. The indicators remained within the positive territory. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overvalued area. In the 4 hours chart, the instrument is heading higher above the 50, 100 and 200 Day EMAs. The moving averages are turning upwards. The 50-EMA is crossing the 100-EMA upwards and approaching the 200- EMA. The moving averages generate a buy signal. Trading recommendations The pair now seems to be heading towards its immediate resistance near 1.1270. We recommend buying on pullbacks Pound General overview The positive Construction PMI boosted the pair upwards fueling its upward momentum. The concerns over the Fed’s rate hike together with the weak USA statistics weighed on the dollar. Current situation The pound strengthened on the dollar's weakness on Tuesday. The Sterling grew and left behind the side channel. The GBP/USD pair set a fresh high at 1.3356. The current resistance is seen at 1.3500, the support exists at 1.3300. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching the oversold territory. The indicators generate a buy signal. The price left the 50 and 100 Day EMAs behind and is approaching the 200-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are neutral. The moving averages are still neutral and do not generate any signal. Trading recommendations The pair had a positive day on Tuesday and it has all chances to have the same one on Wednesday. We feel comfortable taking short-term long positions. The instrument seems to be heading towards the resistance 1.3500 Yen General overview The yen grew to the 3-week high when the Japanese Prime Minister approved a fiscal stimulus package.Current situation The price is bearish on intraday charts. The pair has been under pressure since last week. The USD/JPY continued moving lower and formed a lower low at 100.64. The resistance is at 101.40, the support comes in at 100.40. The indicators MACD and RSI still generate sell signals. MACD decreased which indicates the sellers’ positions strength. RSI entered the oversold area. The instrument broke the 50, 100 and 200 Day EMAs downwards in the 4 hours chart. The moving averages are heading downwards. Trading recommendations The short term picture is bearish. We believe that this is essentially a “sell only†market at the moment. The nearest sellers' target lies at 100.40. We expect a short-term bullbacks towards 101.40 AUD/USD General overview In economic news, the RBA cut the rate by 25bps to a record low of 1.50% Current situation The AUD bounced from the support 0.7500 and rallied on the back of the RBA’s decision to cut the rate. The pair could escalate up to 0.7600 where its rally slowed down. The session high was marked at 0.7635. The resistance is at 0.7700, the support comes in at 0.7600. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought territory. The 4 hours chart shows that the instrument bounced from the 200-EMA and headed north leaving the 50, 100 and 200 EMAs behind. The moving averages are moving upwards. Trading recommendations We may expect a further growth towards 0.7700. Alternatively, the pair shall decrease to 0.7500. GOLD General overview The gold remained at the 3-week highs as investors expect from the Fed further signals regarding a rate hike. Current situation The pair had a positive day on Tuesday. The instrument is approaching the resistance level of 1370. The resistance is seen at 1370, the support stands at 1350. Indicators generated a buy signal. MACD is in the positive area. Indicator RSI entered the overbought area. The price is above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages generate a buy signal. Trading recommendations The potential growth targets are the resistance levels: 1370 and 1400. Brent General overview The Brent futures are approaching the 41.40 level. The weakness around the dollar increased the demand for the oil. Current situation The tone is still negative in the market. The sellers managed to lead the price from the resistance 42.80 to the new session lows at 41.40. The resistance is at 42.80, the support comes in at 41.40 dollars per barrel. Indicators still generate a sell signal. MACD decreased which indicates the sellers’ positions strengthening. RSI is close to the oversold area. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower. Trading recommendations We believe the decrease will be continued now. The first target is the level 41.40, the next one is 40.00. We do not exclude the growth to 42.80 NASDAQ General overview The USA stocks traded lower on the back of a modest earning report from Pfizer and the weak USA data. Current situation Technically, the main trend is up, however, the index closed bearish on Tuesday. The sellers led the price from all-time high to the support 4700. The resistance is at 4800, the support stands at 4700. The indicators recommend short positions. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area and approached the oversold one. The 50-EMA stopped the yesterday’s decrease. The 50-EMA acted as a support for the price. The 50, 100 and 200 Day EMAs are moving upwards. Trading recommendations If Nasdaq does make a breakout at that level 4700 the index will resume its downward trajectory. If successful, it is expected to fall to the level 4650 S&P 500 General overview The USA stocks presented a modest negative tone on the back of the concerns over the world economy growth and bearish sentiment growth in the commodity market. Current situation The index showed a negative dynamics. Sellers were able to drive the index lower. The price fell from the 2170 mark towards 2140. The resistance is seen at 2165, the support is at 2150. The indicators generate a sell signal. MACD entered the negative area. MACD decreased which indicates sellers’ growing strength. Oscillator RSI approached the oversold territory. In the 4 hours chart, the price broke the 50 and 100 EMAs. The moving averages are still moving upwards. Trading recommendations After the support level of 2140 breakthrough down the way to the support 2120 will be opened. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 3, 2016 Author Report Share Posted August 3, 2016 "Fort Financial Services"- fundamental and technical analysis. 03.08.2016 Euro General overview Personal Incomes came in at 0.2% which did not coincide with the forecasts. Personal Spending showed 0.4% which met the traders’ expectations. The dollar remained under pressure across the board. Current situation The short term technical outlook is positive. The EUR/USD pair reached fresh post-Brexit highs. The instrument traded at the top of its ascending channel on Tuesday. The resistance is seen at 1.1270, the support stands at 1.1200. The indicators remained within the positive territory. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overvalued area. In the 4 hours chart, the instrument is heading higher above the 50, 100 and 200 Day EMAs. The moving averages are turning upwards. The 50-EMA is crossing the 100-EMA upwards and approaching the 200- EMA. The moving averages generate a buy signal. Trading recommendations The pair now seems to be heading towards its immediate resistance near 1.1270. We recommend buying on pullbacks Pound General overview The positive Construction PMI boosted the pair upwards fueling its upward momentum. The concerns over the Fed’s rate hike together with the weak USA statistics weighed on the dollar. Current situation The pound strengthened on the dollar's weakness on Tuesday. The Sterling grew and left behind the side channel. The GBP/USD pair set a fresh high at 1.3356. The current resistance is seen at 1.3500, the support exists at 1.3300. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching the oversold territory. The indicators generate a buy signal. The price left the 50 and 100 Day EMAs behind and is approaching the 200-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are neutral. The moving averages are still neutral and do not generate any signal. Trading recommendations The pair had a positive day on Tuesday and it has all chances to have the same one on Wednesday. We feel comfortable taking short-term long positions. The instrument seems to be heading towards the resistance 1.3500 Yen General overview The yen grew to the 3-week high when the Japanese Prime Minister approved a fiscal stimulus package.Current situation The price is bearish on intraday charts. The pair has been under pressure since last week. The USD/JPY continued moving lower and formed a lower low at 100.64. The resistance is at 101.40, the support comes in at 100.40. The indicators MACD and RSI still generate sell signals. MACD decreased which indicates the sellers’ positions strength. RSI entered the oversold area. The instrument broke the 50, 100 and 200 Day EMAs downwards in the 4 hours chart. The moving averages are heading downwards. Trading recommendations The short term picture is bearish. We believe that this is essentially a “sell only†market at the moment. The nearest sellers' target lies at 100.40. We expect a short-term bullbacks towards 101.40 AUD/USD General overview In economic news, the RBA cut the rate by 25bps to a record low of 1.50% Current situation The AUD bounced from the support 0.7500 and rallied on the back of the RBA’s decision to cut the rate. The pair could escalate up to 0.7600 where its rally slowed down. The session high was marked at 0.7635. The resistance is at 0.7700, the support comes in at 0.7600. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought territory. The 4 hours chart shows that the instrument bounced from the 200-EMA and headed north leaving the 50, 100 and 200 EMAs behind. The moving averages are moving upwards. Trading recommendations We may expect a further growth towards 0.7700. Alternatively, the pair shall decrease to 0.7500. GOLD General overview The gold remained at the 3-week highs as investors expect from the Fed further signals regarding a rate hike. Current situation The pair had a positive day on Tuesday. The instrument is approaching the resistance level of 1370. The resistance is seen at 1370, the support stands at 1350. Indicators generated a buy signal. MACD is in the positive area. Indicator RSI entered the overbought area. The price is above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages generate a buy signal. Trading recommendations The potential growth targets are the resistance levels: 1370 and 1400. Brent General overview The Brent futures are approaching the 41.40 level. The weakness around the dollar increased the demand for the oil. Current situation The tone is still negative in the market. The sellers managed to lead the price from the resistance 42.80 to the new session lows at 41.40. The resistance is at 42.80, the support comes in at 41.40 dollars per barrel. Indicators still generate a sell signal. MACD decreased which indicates the sellers’ positions strengthening. RSI is close to the oversold area. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower. Trading recommendations We believe the decrease will be continued now. The first target is the level 41.40, the next one is 40.00. We do not exclude the growth to 42.80 NASDAQ General overview The USA stocks traded lower on the back of a modest earning report from Pfizer and the weak USA data. Current situation Technically, the main trend is up, however, the index closed bearish on Tuesday. The sellers led the price from all-time high to the support 4700. The resistance is at 4800, the support stands at 4700. The indicators recommend short positions. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area and approached the oversold one. The 50-EMA stopped the yesterday’s decrease. The 50-EMA acted as a support for the price. The 50, 100 and 200 Day EMAs are moving upwards. Trading recommendations If Nasdaq does make a breakout at that level 4700 the index will resume its downward trajectory. If successful, it is expected to fall to the level 4650 S&P 500 General overview The USA stocks presented a modest negative tone on the back of the concerns over the world economy growth and bearish sentiment growth in the commodity market. Current situation The index showed a negative dynamics. Sellers were able to drive the index lower. The price fell from the 2170 mark towards 2140. The resistance is seen at 2165, the support is at 2150. The indicators generate a sell signal. MACD entered the negative area. MACD decreased which indicates sellers’ growing strength. Oscillator RSI approached the oversold territory. In the 4 hours chart, the price broke the 50 and 100 EMAs. The moving averages are still moving upwards. Trading recommendations After the support level of 2140 breakthrough down the way to the support 2120 will be opened. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 4, 2016 Author Report Share Posted August 4, 2016 "Fort Financial Services"- fundamental and technical analysis. 04.08.2016 Euro General overview The dollar grew against a basket of its major peers on Wednesday. The US currency remained close to the 5-week lows as the markets are uncertain whether the Fed will hike the rate or not this year. Current situation The pair had a negative day on Wednesday. The EUR/USD traded in the upward channel, and approached its lower limit. The resistance is seen at 1.1200, the support stands at 1.1130. MACD decreased which indicates the buyers’ positions weakening. The indicator shows a divergence which is a sell signal. RSI left the overvalued area and is heading downwards. In the 4 hours chart, the instrument is moving towards the 50, 100 and 200 Day EMAs. The 50-EMA is crossing the 100-EMA and the 200-EMA. The moving averages generate a buy signal. Trading recommendations We expect the EUR/USD will resume its decrease and will reach the level 1.1130. Pound General overview The pound weakened following the Services PMI which met the traders’ expectations. Current situation The instrument remained close to the local highs. The price traded above the level 1.3300.The current resistance is seen at 1.3500, the support exists at 1.3300. MACD is in the positive area. MACD decreased which indicates the buyers’ positions weakening. RSI left the oversold territory. The price traded below the 200-EMA in the 4 hours chart. The 200-EMA acts as a resistance. The 50, 100 and 200 EMAs are neutral. Trading recommendations The pair looks bearish and may return below 1.3300. In this scenario, sellers will push the pair down to 1.3100. Yen General overview The yen weakened following the BoJ’s minutes publication. The regulator plans to assess the impact of the negative rates on the economy. Current situation Traders pushed the dollar higher in the USD/JPY pair. The USD/JPY is trying to make a breakout at the resistance level of 101.40. The resistance is at 101.40, the support comes in at 100.40. The indicators MACD and RSI still generate sell signals. MACD grew which indicates the sellers’ positions weakening. The indicator shows a convergence. RSI left the oversold area. The instrument snapped the 50-EMA in the 1 hour chart. The 50, 100 and 200 Day EMAs are moving downwards. Trading recommendations We expect the 101.40 line break that will open the way for the buyers to 102.50. NZD/USD General overview In economic news, Labour cost index added 1.6% vs. expectations of 1.8% in New Zealand. Current situation The kiwi faced a downside pressure and closed bearish yesterday. The lowest trading price was marked at 0.7140. The resistance is at 0.7250, the support comes in at 0.7150. MACD is in the positive area. The histogram decreased which indicates the buyers’ strength weakening. RSI is in the neutral territory. The oscillator is decreasing. There is a cross-over on the Moving Averages in the 4 hours chart. The 50, 100 and 200 EMAs direction is upwards. Trading recommendations We believe the market would switch the tone to bearish. The pair may partly reverse its yesterday's losses, but it will resume its downward trajectory afterwards. The level 0.7050 is the sellers’ target. GOLD General overview The gold remained positive amid decline in expectations that the Fed will hike the rate in near-term. Current situation The pair remained neutral during the day and fell in the North American session. The session low was marked at 1353.52. The resistance is seen at 1370, the support stands at 1350. Indicators generated a weak buy signal. MACD is in the positive area. The histogram decreased which indicates the buyers’ strength weakening. Indicator RSI left the overbought area and is moving downwards. The moving averages slightly changed from Tuesday. Trading recommendations All eyes are right now at the current support level 1358. If this support will break, the price may fall towards 1350. Brent General overview The Brent reversed some of its early losses awaiting the Crude Oil Stocks change release. The Crude Oil Stocks change grew which is a negative factor for the Brent futures. Current situation The trend is bearish for now. The trading instrument recovered and closed the day bullish. The resistance is at 44.00, the support comes in at 42.80 dollars per barrel. MACD grew which indicates the sellers’ positions weakening. RSI left the oversold area and is heading towards the overbought area. The price broke the 50-EMA and 100-EMA in the 1 hour chart. All moving averages keep heading lower. Trading recommendations The upward movement potential targets are 44.00 and 45.30. If the price falls it will get to 41.40. DAX General overview The European stocks traded lower on the back of the HSBC, SocGen и Credit Agricole shares growth. Current situation The tone is still positive in the market. The index had a positive day on Wednesday. DAX30 was able to reverse some of its previous losses. The index is trying to regain the 10175 mark. The resistance is at 10175, the support stands at 10000. MACD is in the negative area. The histogram decreased which indicates the sellers’ positions strengthening. RSI rebounded from the overbought area. The price broke 50-EMA, but was unable to leave it and stayed in its region. The 50-EMA acts as a resistance for the price now. The 50 and 100 Day EMAs are moving upwards, the 200-EMA is neutral. Trading recommendations If the price fixates below the level of 10175, it may continue the downward trend in the short term. The potential targets are 10000 and 9760. S&P 500 General overview Wall Street traded with slight gains as energy and financial sectors compensated healthcare and consumer goods decrease. Current situation The index showed a positive dynamics. Traders tried to push the index higher. However, the buyers ran out of steam and the upward move faded in the North American session. The resistance is seen at 2165, the support is at 2150. The indicators generate a sell signal. MACD is in the negative area. MACD decreased which indicates sellers’ growing strength. Oscillator RSI is close to the oversold territory. The moving averages slightly changed from yesterday. Trading recommendations We believe the growth will be continued now. The first target is the level 2160. We do not exclude the falls to 2140.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman  Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 4, 2016 Author Report Share Posted August 4, 2016 "Fort Financial Services"- fundamental and technical analysis. 05.08.2016 Euro General overview The euro has been decreasing the second day in a line. The single currency weakened amid the growing dollar. The Eurozone Economic Bulletin did not present any interesting information. The investors’ attention now turns to the US nonfarm payrolls report which will be released later today. Current situation The dollar traded mixed on Thursday, generally higher against the euro. The pair remained in a negative ground. The resistance is seen at 1.1200, the support stands at 1.1130. MACD shows a divergence which is a sell signal. RSI left the overvalued area and is heading downwards. In the 4 hours chart, the instrument bounced from the 50-EMA which crosses the 100 and 200 EMAs. The moving averages are neutral. Trading recommendations If the price makes another attempt and this time breaks below the 1.1130 support area then we could see a decrease towards 1.1050 and 1.1000. Pound General overview The sterling showed a sharp drop for the first time after the Brexit referendum following the BoE’s decision to cut the basis rate by 0.25% and to launch the bond buying program. Current situation The pound had a negative day on Thursday. The GBP/USD had a sharp drop to the support 1.3100 area where the downward impulse faded. The Sterling lost about 1.60% during the course of the day. The current resistance is seen at 1.3300, the support exists at 1.3100. MACD shows a divergence which points to the trend change. RSI approached the oversold territory. The instrument bounced from the 200-EMA and fell in the 4 hours chart. The pair broke the 100 and 50 Day EMAs on its way. Now the price is below the moving averages which act as a resistance. Trading recommendations We are looking for the 1.3100 support break and then continuation of a fall with a further target at 1.2900. Yen General overview The yen grew following the Kikuo Iwata comments (a Bank of Japan deputy governor). According to Mr. Kikuo Iwata the regulator does not have any preset agenda for its current policy. Current situation The pair USD/JPY remained neutral, staying below 101.40 region. The resistance is at 101.40, the support comes in at 100.40. The MACD indicator shows a convergence which is a buy signal. RSI stayed close to the oversold area. The instrument broke the 50-EMA before retreating it in the 1 hour chart. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame. Trading recommendations The pair is neutral, awaiting for the NFP in the US. In the scenario where buyers return to the market the USD/JPY grows towards 102.50. Otherwise, the instrument will decrease to 100.40. AUD/USD General overview The Aussie grew on the back of the negative Retail Sales in the country. The index came in worse-than-expected which did not stop the Australian dollar from resuming its growth. Current situation The pair held a bullish tone yesterday. The AUD/USD was climbing the whole day and reached the 0.7630 mark, the highest level since July 15th. The resistance is at 0.7700, the support comes in at 0.7600. The indicators generate a buy signal. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area. The price is hovering above the 50, 100 and 200 Day EMAs in the 1 hour chart. The moving averages are moving upwards. Trading recommendations The pair can grow to the resistance level of 0.7700. After breaking 0.7700 the buyers may go to 0.7800. GOLD General overview Gold grew and gained back its early losses following the Bank of England decision to cut the rate. Current situation The pair had a positive day on Thursday. Traders pushed the gold higher to the mark 1364 where the price had found a strong resistance. The resistance is seen at 1370, the support stands at 1350. MACD is in the positive area. The histogram grew which is a buy signal. RSI is close to the overbought area. The 1 hour chart shows that the price broke the 50 and the 100 EMAs before returning above them. The 50, 100 and 200 Day EMAs are trending upwards in the mentioned time frame. Trading recommendations The main point of focus today is Non Farm Payrolls in the USA. In the scenario when the Fed releases the positive unemployment report the gold futures will decrease towards 1350. Alternatively, the yellow metal will grow above 1370. Brent General overview The Brent is under pressure. We believe the current oversupply and the world economy slow down will weigh on the oil price. Current situation The Brent closed bullish yesterday. Bulls seem to take control over the market. The buyers managed to lead the price from the support 42.80 to the 44.00 region where the pair found a strong resistance. We consider the current growth corrective. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.  The instrument broke the bearish 50, 100 and 200 EMAs upwards in the 1 hour chart. The 50-EMA is turning upwards, the 100-EMA is neutral, the 200-EMA is still heading lower in the same chart. The price broke the 50-EMA and hovered above in the 4 hours chart. All moving averages keep heading lower. Trading recommendations We believe the growth will be continued now. The first target is the level 45.30. We do not exclude a decrease towards 42.80. Nasdaq General overview American stocks showed little change on the back of the Bank of England decision to cut the rate. Current situation The index enjoyed a mixed session through trade on Thursday. The trading instrument remains in the upward channel. The index closed the day bullish. The resistance is at 4765, the support stands at 4700. MACD is in the positive area. The MACD remained at the same level which confirms the strength of buyers. RSI is close to the overbought area. The price bounced off the 50-EMA in the 4 hours chart. All moving averages are pointing higher which is a buy signal. Trading recommendations The potential growth target is the resistance level of 4800. We do not exclude the falls to 4650. S&P 500 General overview Wall Street showed low volatile trades, remaining in a flat on Thursday. The traders are cautious ahead of the NFP. Current situation The index held near the unchanged mark on Thursday. The price spent the day close to the opening mark. The resistance is seen at 2165, the support is at 2150. MACD is in the negative area close to its centerline. Oscillator RSI is neutral. The 50-EMA is crossing the 100-EMA downwards which is a sell signal. Trading recommendations We advise to short with the first target - 2150. When the pair consolidates below the first target, we can open deals to the level of 2140.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 8, 2016 Author Report Share Posted August 8, 2016 08.08.2016  Euro  General overview  The USA published the NFP report on Friday. The labour market report came in better than forecasted. The euro, pound and yen fell versus the dollar on the back of the strong jobs data.  Current situation  The pair had a negative day on Friday. Bears gradually gained more overall control. The EUR/USD dropped back below 1.1130 mark on much better than expected U.S Nonfarms Payroll. The euro had a sharp drop and found a strong support at the level of 1.1050. The resistance is seen at 1.1130, the support stands at 1.1050.  The indicators generate a sell signal. MACD entered the negative area. The histogram decreased which indicates the sellers’ strength. RSI approached the oversold area.  In the 4 hours chart, the instrument broke the 50, 100 and 200 EMAs downwards at first but grew later back. The price closed the day between the 100 and 50 EMAs. The moving averages are turning downwards.  Trading recommendations  The trend is clearly bearish for now. We expect a decrease towards the strong psychological level 1.1000.   Pound General overview  The sterling made an attempt to grow as traders believed that the BoE's monetary easing program will support the country economy. However, the better-than-expected U.S jobs data weighed on the pound which sharply fell. Current situation  The GBP/USD continued to trade in the negative ground. The pound had a sharp drop below the support level of 1.3100 and formed a lower low there. The lowest trading price was marked at 1.3020. The current resistance is seen at 1.3100, the support exists at 1.2900.  MACD still shows a divergence. The histogram decreased which indicates the sellers’ strength. RSI approached the oversold area.  The trading instrument remained below the 50, 100 and 200 EMAs in the 4 hours chart. The price dropped away from the moving averages which are trending downwards now.  Trading recommendations  We are looking for 1.3100 break and then continuation of a fall with a further target at 1.2900.   Yen General overview  The pair strengthened on much better-than-expected Nonfarm Payrolls in the USA. Current situation  The pair looks bullish, the tone is positive in the market. Traders pushed the dollar higher and closed in the green area. The resistance is at 102.50, the support comes in at 101.40.  The MACD indicator shows a convergence which is a buy signal. MACD is growing. RSI bounced from the oversold area.  The instrument broke the 50 and 100 EMAs and stayed above the latest in the 1 hour chart. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame. Trading recommendations  The bullish views are getting more popular now. We support the growth scenario, the next stop for the USD/JPY could well be around 102.50.   USD/CAD  General overview  Unemployment Rate in Canada came in worse than expected. Change in Employment showed -31.2K. At the same time the U.S. dollar strengthened which supported the pair.  Current situation  The USD/CAD closed bullish on Friday. The pair could escalate up to 1.3200. The resistance is at 1.3200, the support comes in at 1.3100.  The indicators generate a buy signal. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.  The price is hovering above the 50, 100 and 200 Day EMAs in the 4 hours chart. The moving averages are moving upwards. Trading recommendations  The pair may bounce back from the resistance 1.3200 towards the 1.3100 mark. It is a good opportunity to buy the pair when it became cheaper. The buyers’ targets are the levels 1.3200 and 1.3300.  GOLD  General overview  Gold strengthened on Thursday to 4-week high when the BoE cut the rate. However, the yellow metal weakened the next day following the U.S labour market report. Current situation  The positive trend switched to the negative one. The gold futures decreased and are decisively trading below the 1350 mark now. The resistance is seen at 1350, the support stands at 1330.  MACD is in the negative area. The histogram decreased which is a sell signal. RSI approached the oversold area.  The gold futures broke the 50-EMA and touched the 100-EMA in the 4 hours chart. The price is currently struggling with a bullish 100 EMA. The moving averages direction is upwards. Trading recommendations  The instrument is approaching the support 1330 which limits its decrease. The pair will resume its downtrend as soon, as the price drops below the current support level.   Brent  General overview  The Brent feels confident following the USA positive inventories report.  Current situation  The tone is positive in the market. The price left the downward channel and is heading upwards. The buyers led the price from 43.46 to 44.46. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel.  The indicators slightly changed from Friday, they still generate a buy signal.  The instrument broke the bearish 50-EMA and is heading to the 100-EMA in the 4 hours chart. The 50-EMA is turning upwards, the 100 and 200 EMAs keep heading lower.  Trading recommendations  The instrument has been strengthening for several days. All eyes are right now at the resistance level 45.30. If Brent futures fixate over it the prices may resume its growth.   Dax General overview  European stocks closed higher. The BoE quantities easing program together with the U.S labor data supported financial stocks on Friday.  Current situation  The trend is clearly bearish for now. DAX returned into the upwards channel. The index jumped to a fresh weekly high of 10370 after the NFP report. The resistance is at 10520, the support stands at 10350.  MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.  The price bounced off the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are heading higher, the 200-EMA is neutral.  Trading recommendations  The pair holds a bullish tone. The potential growth target is the resistance level of 10520.   S&P 500  General overview  Wall Street traded higher on Friday on the back of the better-than-expected Nonfarm Payrolls report.  Current situation  The instrument had a positive day on Friday. The index sharply rallied and set a fresh all-time high at 2176. The resistance is seen at 2180, the support is at 2165.  MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.  The 50-EMA is crossing the 100-EMA upwards which is a buy signal. The 50, 100 and 200 Day EMAs are trending upwards.   Trading recommendations  We believe in a growth. We expect SP500 to break 2180 and to consolidate over it.   *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 9, 2016 Author Report Share Posted August 9, 2016 09.08.2016 Euro General overview The Euro remained under pressure on Monday. Positive Industrial Production in Germany and Investors Confidence from Sentix were not able to support the single currency. Current situation The EUR/USD traded within Friday's close on Monday. The pair was unable to recover the 1.1100 level. The short term picture is neutral. The resistance is seen at 1.1130, the support stands at 1.1050. The indicators generate a sell signal. MACD is negative. The MACD remained at the same level which confirms the strength of sellers. RSI remained close to the oversold area. In the 4 hours chart, the price broke the 50, 100 and 200 Day EMAs downwards and remained just below them. The moving averages are turning downwards. Trading recommendations We are bearish on the pair. We expect a break of 1.1050 and a further move towards the recent lows at 1.1000. Pound General overview The pound stayed at the Friday’s close. The Sterling has been under pressure since the BoE cut the rate to cushion the Brexit negative impact. Current situation We preserve a short-term bearish outlook for the pair. The GBP/USD remained close to the fresh lows. The price is locked between levels 1.3000 and 1.3100. The current resistance is seen at 1.3100, the support exists at 1.2900. The indicators slightly changed from Friday. MACD and RSI generate a sell signal. The trading instrument remained below the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages remained at the same place. Trading recommendations We expect a short-term growth towards 1.3175 where the 50 and 100 Day EMAs lie. In this potential scenario the GBP/USD shall bounce from the mentioned mark downwards towards 1.2900. Yen General overview Traders continued closing long positions on the back of the renewed interest towards the risky assets. Current situation The instrument is modestly bullish in the short term. The USD/JPY maintained its strong buying tone. The dollar grew in the pair and reached the level 102.50 where it spent the first day of the week. Theresistance is at 102.50, the support comes in at 101.40. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is approaching the overbought territory. The instrument broke the 50-EMA and stayed above it in the 4 hours chart. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame. Trading recommendations If the USD/JPY does make a breakout at that level 102.50 and upward trajectory will be continued towards 103.50. NZD/USD General overview The NZD/USD decreased on the back of the stronger than expected the U.S labor data. The strong labour market makes us believe in the USA economy strength. Current situation The pair recovered and returned some losses it had suffered last week. The price bounced upwards from the current support at 0.7085. The session high was marked at 0.7142. The instrument closed the day bullish. Its tone is still positive. The resistance is at 0.7150, the support comes in at 0.7050. The indicators are in the negative territory. MACD decreased which indicates the sellers’ strength. RSI approached the oversold area. The price bounced from the 200-EMA on Friday and returned above the 50 and 100 Day EMAs. The 50-EMA acts as a support. The moving averages are neutral. Trading recommendations An uptrend will start as soon, as the pair rises above the resistance level 0.7150. If the price is back below the 0.7085 (the 200-EMA) the price will resume its decrease towards 0.7050. GOLD General overview Gold became cheaper on Monday after the strong U.S Labor market report which increased the possibility of the rate hike by the Federal Reserve this year. Current situation Gold futures remained at the weekly low after a sharp decrease last Friday. The price traded in a narrow side channel between the levels 1330 and 1337. The pair remained in the ascending channel, at its low boundary. The resistance is seen at 1350, the support stands at 1330. MACD is in the negative area. The MACD remained at the same level which confirms the strength of sellers. RSI bounced from the oversold area. The price remained below the 100-EMA in the 4 hours chart. The instrument is locked between the 100 and 200 EMAs. The moving averages are turning downwards. Trading recommendations We expect a pullback towards 1342 where the price may turn downwards and continue with a decrease. Brent General overview Brent continued growing when some OPEC members suggested to limit the current oil production. The oversupply still weighs on the price. Current situation The Brent holds a bullish tone. The instrument grew and formed a higher high. The session high was marked at 45.53. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel. The indicators recommend long positions. MACD grew which is a buy signal. RSI stayed close to the oversold area. The instrument broke the bearish 100-EMA and left it behind. The price is heading to the 200-EMA in the 4 hours chart now. The 50-EMA is neutral, the 100 and 200 EMAs are pointing lower. Trading recommendations Brent futures may roll back towards the 44.00 level. The main point of focus today is the release of Crude Oil Stocks change from API. Its results will determine the Brent further direction. Nasdaq General overview Wall Street opened higher at the start of the new week. Stocked renewed all time highs on Friday on the back of the strong NFP report. The quotes moved lower during the day. Current situation The tone is still positive. However, the price bounced from the level 4800. The resistance is at 4800, the support stands at 4700. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area. The price is approaching the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are heading higher. Trading recommendations The price may roll back to 4750 where we expect it to bounce upwards towards 4800. S&P 500 General overview S&P500 retreated from all-times highs following a drop in healthcare. The drop in healthcare lowered a positive impact of higher oil prices and a strong NFP report. Current situationWe are still bullish longer-term. However, the index weakened and moved away from all-time high. The resistance is seen at 2180, the support is at 2165. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area. The 50-EMA is crossing the 100-EMA upwards which is a buy signal in the 1 hour chart. The 50-EMA extended its growth and is around 2170 now. The 50, 100 and 200 Day EMAs are trending upwards. The 50 and 100 EMAs are forming a cross-over in the 4 hours chart and act as a support for the instrument. Trading recommendations The S&P500 may decrease to the level 2165 where the 50 and 100 EMAs lie. The price may bounce back towards 2180. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 11, 2016 Author Report Share Posted August 11, 2016 12.08.2016 Euro General overview Dollar traded higher on the back of the strong Jobless Claims report which showed a drop in the claims number. Current situation The market little changed on Thursday. The pair could escalate up to 1.1180, however, the rally was short-lived and weak. The price remained in the same range. The resistance is seen at 1.1200, the support stands at 1.1130. MACD still points to the sellers’ positions weakening. RSI stays close to the overbought area. The moving averages slightly changed from yesterday. Trading recommendations If the EUR/USD keeps growing its next stop could well be at the 1.1200 region. Should the pair soften, the price will drop to 1.1050. Pound General overview The GBP/USD ignored the U.S labour market data and oil prices growth. Investors’ attention now turns to the retail sales and consumer sentiment releases which may determine its further movement. Current situation The pair remained in red figures. Traders pushed the price lower on Thursday. The pound is now decisively trading above the 1.2900 mark. The current resistance is seen at 1.3100, the support exists at 1.2900. MACD remained in the negative area. MACD decreased which indicates the sellers’ positions strength. RSI approached the oversold area. The 4 hours chart shows that the instrument remained below the bearish 50-EMA which extended its decline. The 50, 100 and 200 Day EMAs are heading lower. Trading recommendations The GBP/USD remained under pressure. We are looking for the current support break and then continuation of a fall with a further target at 1.2900 and further out 1.2700. Yen General overview The yen erased all its latest gains after the Jobless Claims Report. Now traders are demanding further action from the Bank of Japan. If the pair continues softening the central bank will have to act accordingly. Current situation The market was low volatile during the European Session on Thursday and became active only after U.S Jobless Claims report. The dollar strengthened on the back of the strong U.S labor data. Traders were able to push the price higher. The instrument broke the level 101.40 and kept rallying. The resistance is at 102.50, the support comes in at 101.40. MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area and is heading upwards. The price broke the 50 and 100 EMAs in the 1 hour chart. After breaking the lines the pair continued advancing north. Now the 200-EMA acts as a resistance for the USD/JPY. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame. Trading recommendations We believe the USD/JPY will move on to test the next bullish target at 102.00, where the 200-day moving average lies. NZD/USD General overview The kiwi grew to one-month high following the RBNZ decision to cut the rate by 0.25%. Current situation Sellers seem to have returned to the market. After reaching the one-month high the price reversed and headed downwards. Traders were able to lead the price from the mark 0.7335 to 0.7225. The resistance is at 0.7250, the support comes in at 0.7150. The indicators generate a sell signal. MACD decreased which indicates the sellers’ positions strength. RSI bounced from the overbought area. The price is approaching the 50-EMA in the 1 hour chart. The 50, 100 and 200 EMAs are still trending upwards. Trading recommendations The bearish views are getting more popular. We believe the pressure will persist. The next sellers' stop could well be at the 0.7150 region. GOLD General overview Gold got under selling pressure after the positive U.S labour report. Analysts are evaluating a possible timing of a rate hike by the Fed. Current situation The pair spent Thursday in a narrow range 1341-1346. All buyers’ attempts to push the price higher failed. Sellers returned to the market after a bunch of the U.S statistics. The resistance is seen at 1350, the support stands at 1330. MACD indicator is still at the centerline. RSI is neutral. The instrument traded above the 50-EMA which acts as a support for the price in the 4 hours chart. The moving averages (50, 100 and 200) are still trending higher. Trading recommendations Gold futures got under pressure. If the pressure persists the next sellers’ target will be at 1330 where a strong bullish 200-EMA lies in the 4 hours chart. Brent General overview Brent strengthened during the North American session on Thursday. The prices recovered after a sharp drop on the back of the concerns over the world oversupply. Current situation Brent spiked and set a new weekly high at 46.30. The instrument is trying to make a breakout at the resistance level of 46.50. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area. The price bounced from the 50-EMA, broke the 100-EMA and headed towards the 200-EMA in the 4 hours chart. The 200-EMA stopped its further upward movement. Trading recommendations The market is bullish now. The price may slightly roll back towards 45.30 dollars per barrel where it may reverse back to a growth. DAX General overview DAX traded higher on Thursday as Retail, Consumer & Cyclical and Technology supported the index. The index gained about 0.86% by the end of the trades. Current situation DAX was in a buy mood and traded higher on Thursday. The price could escalate up to 10740 where it set a new weekly high. The resistance is at 10700, the support stands at 10520. Indicators remained within the positive territory. MACD grew which indicates the buyers’ positions strength. RSI entered the overbought area. The price moved away from the 50, 100 and 200 EMAs which extended higher. Trading recommendations The price may pull back from the fresh highs. Sellers can return the price below 10700. If the price fixates over 10700 this could lead to renewed buying momentum, possibly towards 10900. S&P 500 General overview S&P500 grew following the positive U.S labor report and strong corporate earning which gains led the index higher. Besides, energy sector strengthened on the back of oil growth. Current situation Bulls still control the market. The index grew and set a fresh high at the mark 2184.4. The resistance is seen at 2180, the support is at 2165. The MACD remained at the same level which confirms the strength of buyers. RSI returned to the overbought area. The S&P500 bounced from the 50-EMA in the 4 hours chart and moved away from it. The moving averages are trending higher which is a buy signal. Trading recommendations The index shall continue growing on the back of the positive U.S statistics. The 50 and 100 EMAs will act as a support. The instrument will move back and forth between the current resistance 2180 and the 50 and 100 EMAs.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman  Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 14, 2016 Author Report Share Posted August 14, 2016 15/08/2016 Euro General overview The euro strengthened on the back of the U.S weak statistics. Retail Sales and PPI index came in worse than expected. Now traders diminished their expectations for another rate increase in the current year. Current situation The dollar partly weakened on the U.S data, but soon reversed and pushed the EUR/USD down. The price returned to the levels where it was before the Retail Sales and PPI releases and ended the day bearish. The resistance is seen at 1.1200, the support stands at 1.1130. MACD remained in the positive area. MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought area and is heading to the south. The price is hovering above the 50, 100 and 200 EMAs which are still forming a narrow channel in the 4 hours chart. The moving averages are pointing upwards. Trading recommendations Sellers might force the pair to resume its downward trajectory. The price may drift below 1.1130 to test the 1.1080 support area. Pound General overview The pound is under pressure as the BoE relaunched its quantitative easing program. Current situation The pound remained under pressure despite the weak dollar. The sterling tried to grow, but the 50-EMA limited its growth. The GBP/USD had to return to the support 1.2900. The current resistance is seen at 1.3100, the support exists at 1.2900. The indicators (MACD and RSI) still generate a sell signal. The 50-EMA is a resistance where the price bounced downwards in the 4 hours chart. The 50, 100 and 200 Day EMAs are heading lower. Trading recommendations The overall outlook remains bearish, for a drop towards 1.2900 support area. Yen General overview The yen rose on Friday after disappointing U.S statistics: Retail Sales showed a flat and PPI decreased which rose concerns over the strength of the U.S economy. Current situation The yen strengthened in the market amid risk aversion. Bears have the ball now and pushed the pair below the 101.40 level. The resistance is at 101.40, the support comes in at 100.40. MACD decreased which confirms the strength of sellers. RSI stayed close to the oversold area. The instrument bounced from the 100-EMA which stands around the resistance 102.50 in the 4 hours chart. The price dropped and returned below the 50-EMA. The moving averages direction is downwards. Trading recommendations The loss of the 101.40 level will point to a further period of downside to come. A break below this mark risks a decline towards the support at 100.40. USD/CAD General overview The commodity currencies ignored oil prices sharp growth and remained under pressure together with the U.S. dollar. Current situation The pair presented a modest bearish tone. The USD/CAD continued to grind lower and approached the support level of 1.2900. The resistance is at 1.3000, the support comes in at 1.2900. The indicators generate a sell signal. MACD decreased which indicates the sellers’ positions strength. RSI is close to the oversold area. The price is heading from the moving averages in the 4 hours chart. The 50-EMA is crossing the 100-EMA downwards. All moving averages are turning down. Trading recommendations If the downward pressure persists we think that the 1.2900 level will be the next sellers' target. GOLD General overview Investors are concerned over the global market prospects and chose gold as a safe asset. Current situation The gold remained in an upward channel close to its lower limit. Traders pushed the price lower to the support 1330 by the end of the trades. The resistance is seen at 1350, the support stands at 1330. MACD is in the negative area. MACD decreased which confirms the strength of sellers. RSI is still neutral. The price broke the 50 and 100 EMAs and stopped just below the last in the 4 hours chart. The moving averages (50, 100 and 200) are still trending higher. Trading recommendations We still support the idea of a decrease towards 1130. Brent General overview Oil prices spiked due to the dollar weakening which holds the quotes near the day peaks. Current situation The Brent holds a bullish tone. The price left the descending channel and formed an upward now. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The indicators MACD and RSI recommend long positions. The price broke the long-term 200-EMA upwards and moved away from the line. The 50-EMA is breaking the 100-EMA upwards. Trading recommendations If the Brent remains above 200-EMA which stands around the 46.50 region the growth will be continued. The level 47.50 is the next buyers’ target. Nasdaq General overview Wall Street weakened after weaker-than-expected Retail Sales and Production Prices report. Despite the positive labour market data the Fed may wait with the rate hike until it gets a solid proof over the strength of the economy. Current situation Nasdaq refreshed its new local highs. The price returned to the resistance at 4800 where it ended the trading week. The resistance is at 4800, the support stands at 4700. MACD remained in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close the overbought area. The price hovered above the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are still pointing upwards. Trading recommendations If the instrument breaks above the level 4800 the price will grow to the next resistance at 4900. S&P 500 General overview The U.S stocks traded lower on Friday right the next day they had reached their historical peaks since 1999 on the back of the weaker-than-expected U.S statistics. Current situation The index set a new all-time high at the mark 2184.8 and is now decisively trading a few pips below this mark. The resistance is seen at 2180, the support is at 2165. MACD decreased which indicates the buyers’ positions weakening. RSI moved away from the overbought area and is trending downwards. The moving averages have slightly changed from Friday. Trading recommendations S&P500 shall struggle for the mark 2180. If buyers win the price will climb towards 2200. Alternatively, sellers will push the price towards 2165. *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman  Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 16, 2016 Author Report Share Posted August 16, 2016 "Fort Financial Services"- fundamental and technical analysis. 16.08.2016 Euro General overview The dollar softened against its main rivals as the disappointing U.S statistics kept weighing on it. Current situation The euro strengthened on Monday on the back of the weak dollar. Traders were able to push the price upwards to the 1.1200 region. The resistance is seen at 1.1200, the support stands at 1.1130. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area. Indicators generate a buy signal. The price is moving away from the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages range is expanding, the 50-EMA is moving away from the 100 and 200 EMAs. Moving averages generate a buy signal. Trading recommendations The price approached the resistance 1.1200. If the EUR/USD breaks the level the growth trajectory will be continued towards 1.1270. Pound General overview The pound erased its latest gains as the delay with leaving the EU returned uncertainty to the markets. Current situation The pound remained under pressure, the sterling continued to approach the 31-yeal low. The instrument suffered a short lived downward movement, traders pushed the price below 1.2900.The current resistance is seen at 1.2900, the support exists at 1.2700. The indicators (MACD and RSI) remained unchanged, both of them generate a sell signal. The price headed away from the moving averages (50, 100 and 200) which are pointing lower in the 4 hours chat. The moving averages generate a sell signal. Trading recommendations We remain bearish on the pair. Once we break below the 1.2900 level, we think that the 1.2700 level will be next. Yen General overview The yen slightly weakened on the back of the softer than expected GDP data of Q2. Current situation The dollar slightly recovered on Monday, however, we preserve a bearish outlook. The USD/JPY remained below 101.40 by the end of the trades. The resistance is at 101.40, the support comes in at 100.40. MACD decreased which confirms the strength of sellers. RSI is neutral. The price remained below the 50-EMA which extended lower. The 50-EMA acts as a resistance for the pair. The moving averages (50, 100 and 200) direction is downwards. Trading recommendations The overall outlook remains bearish, for a fall towards 100.40 support area. Brent General overview The Brent grew and reached the 3-week high on the expectations of the OPEC meeting next month. Current situation Brent strengthened, the price traded in an upper channel and approached its upper limit by the end of the trades. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel. MACD is in the positive area. If MACD remains positive buyers’ positions will strengthen. RSI entered the overbought area. Brent futures moved away from the 200-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA in the mentioned time frame. Trading recommendations All eyes are right now at the resistance level 48.50. If Brent breaks the level it will keep growing towards 49.50. The instrument may pull back below 47.50 which is a good chance to buy on a dip. S&P 500 General overview Wall Street traded higher on Monday, the stocks set new all-times highs on the back of strong oil futures. Current situation Traders pushed the index higher and S&P500 was able to escalate up to 2190. The resistance is seen at 2200, the support is at 2180. MACD remained in the positive area. The histogram grew which indicates the buyers’ strength.  RSI moved away from the overbought area and stopped in a neutral area. The 50-EMA moved away from the 100-EMA in the 4 hours chart. The price is still well above its moving averages. The moving averages are moving upwards in the mentioned time frame. Trading recommendations If a bullish momentum is preserved the index will continue setting new highs. The next buyers’ target is the mark 2200.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 17, 2016 Author Report Share Posted August 17, 2016 "Fort Financial Services"- fundamental and technical analysis. 17.08.2016 EURUSD The European currency was finally able to break through a strategic 61.8 Fibonacci extension level (minimum-maximum uptrend of 2000-2008), which takes place in the region of EUR 1.1995 level. This means that in the medium-long term market returns to the bull trend. The fundamental picture is favorable toward this. The US dollar continues to lose ground, weakening against other major currencies. Dollar index has dropped in the area of  two-month lows below 95 and 94 points. The negative dynamics of the USD is basicaly due to a decrease in the likelihood of rate hike in this year by the Fed. Today's statistics showed that US inflation remains at current boundaries. US consumer price index in July rose 0.1% compared to June, below expectations of analysts, who had forecast an increase of 0.2%. On the contrary, strong data from Europe supported the European currency. Nevertheless, we believe that resistance at 1.1322-1.1330, will not be passed immediately, and the market expects a pullback and consolidation in the 1.1195-1.1235 area, the old resistance area, which now acts as a strong support. In the medium term, we expect the pair is to gain to the area EUR1.1440-EUR1.1500 USD / JPY: Today during the Asian session, the Japanese Yen continued to strengthen due to the US dollar weakening. USD / JPY pair is trading near an important strategic level of JPY100. As a result of downward movement the markets now below JPY100.77 support level. The probability to go lower seems to be valid, for the weakness of the US dollar promotes it. However, we believe that the pair is kind oversold and a psychological level of JPY99.90-JPY100 will continue to restrain the downward movement. Before going lower we shall see at least one more pullback upwards. From a technical point of view, at the American session, the pair turned to correction and rolled back into the area JPY100.42 JPY100.77 where we can expect the resumption of sales. However, we are cautious about quick passage JPY100-99.90 level. XAUUSD: From a fundamental point of view, the situation in the gold market develops interestingly. It is possible that the main phase of the current cycle of growth in this market is behind us. Reduced likelihood of a rate hike this year in the US- is a negative factor for precious metal. At the same time, the gradual return of risk appetite transfers the capital  out of the gold market in the stock assets. Nevertheless it from a technical point of view, gold is trading in the mid-channel of 1335-1358 and we expect that some time the gold market will remain in this range. However, we note that the probability of testing the lower boundary of this range (US $ 1335 support per troy ounce) increases. BRENT Yesterday, Brent crude oil futures tested the level of 48.5 dollars per barrel, but failed to stay above. During the day the market was also unable to move higher. Whereas yesterday's impressive growth, there are reasons to expect a rollback on the factor of possible profit-taking. In the medium term the probability of Brent return to $ 50 area is high, at least while speculation about Energy Forum in Algeria remains in the game. From a technical point of view, the oil enters the high resistance area 48.50 -49 dollars per barrel. S@P 500 US stock market today moved lower, retreating from historical highs. However, it may be noted that in despite restrained market dynamics and consolidation, risk appetite continues to dominate and  the demand for stock assets is maintained. We expect the return to growth in the middle of the week after the Fed minutes published. From technical point of view first support is around 2176.76 points, and the next in the area of 2169 points.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
ValdisTF Posted August 17, 2016 Author Report Share Posted August 17, 2016 "Fort Financial Services"- fundamental and technical analysis. 18.08.2016 EUR / USD General overview The EUR/USD trend remains bullish as pair is trading above the 61.8 Fibonacci extension (minimum-maximum uptrend 2000-2008), which passes near the level EUR 1.1995. Market is in consolidation mode. Current situation Despite the fact that in the general market sentiment got worse- the correction in the stock markets and the US currency gains, today the EURUSD pair is trading steadily at EUR 1.1270, consolidating after yesterday's growth from EUR1.1180 to EUR 1.1323 Trading recommendations We expect ranged consolidation trade between 1.1195-1.1235, the old resistance area, which now acts as a strong support, and resistance area  1.1300-1.1322 and above. JPY / USD General overview Today during the Asian session, the USDJPY has successfully implemented our yesterday's forecast. The pair pulled back to JPY100.77 and further to the area of 101.14, where stops and limits got triggered to lead USDJPY back to JPY100.74. In addition to the US dollar gains caused by  Dudley speaking, the Japanese currency has been weakened by Japan Minister who said that financial authorities are ready to intervene if the exchange rate levels will be inappropriate. Trading recommendations According to our forecasts, this market will be trading around the 100.77 level and within the limits JPY99.90-JPY101.67 range for some time. The negative downward trend is intact. XAU / USD General overview Gold continues to trade within a medium-term channel $1335- $1358. Current situation Today gold market consolidate at the level of the balance price of this range at $1344. Trading activity during the day is reduced, for some time gold will  stay consolidated within this range. Trading recommendations We note that the chance for downward consolidation breakout increased. (support at $1,335). However the likehood of the Fed rate hike can dramatically change the balance of power in this market. BRENT OIL General overview Yesterday oil quotes came close to the resistance level of 49 dollars per barrel. After 4 days of growth, the market looks overbought and correction seems possible. US dollar gains will put pressure on the oil market as well. Published today, the data from US Information Energy Agency shows that last week, crude oil inventories have fallen by -2.508 million barrels, while analysts expected an increase of 0.522 million barrels. Trading recommendations The publication of the last Fed meeting protocols can also exert a strong influence on the oil market. However at the American session markets keeps on gaining trying to settle above $49. SP 500 General overview Concerns that the Fed will hike rates broke out with renewed vigor. Data on industrial production and the construction of US homes were positive, though accepted by the market negatively. American markets shifted to correction. The news of a possible rate hike in the US in the near future can dramatically change the market sentiment and lead to a weakening of risk assets demand and strengthening of the American currency. Current situation Today, mini SP 500 futures continue to show a negative trend, testing the key support level of 2167-2170 points. Market sentiment is negative. Trading recommendations The market is testing the important support level of 2170 points. The passage of this level will trigger a further longs sale -off dropping the market to 2160 and beyond 2150 points.  *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman Quote Link to comment Share on other sites More sharing options...
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