ValdisTF Posted August 18, 2016 Author Report Share Posted August 18, 2016 "Fort Financial Services"- fundamental and technical analysis. 19.08.2016 EUR / USD General overview A further weakening of the US currency brought EURUSD pair up from yesterday's consolidation levels. The current upward trend in the EURUSD market persists and is gaining momentum. Current situation Growth is restrained by a significant resistance level of EUR 1.1320. Support zone is located in the Eur 1.1207-Eur 1.1230. Trading recommendations We do not exclude the possible rollback from EUR 1.1320. Long positions are suitable on passing and confident settlement above this level. JPY / USD General review During the Asian session, the pair USD / JPY, fell to a new level of support JPY99.90, ending yesterday's technical pullback upwards. Japanese data were contradictory. Japan's trade surplus in July amounted to 514 billion, which is almost twice more what  economist expected  - 248 billion. Japan imports volume (y/y) decreased by -24.7%, while expectation was a decline of -20.6%. Current situation Today, the pressure on the Japanese currency strengthened. The next support level – is local minimum at JPY98.93. Trading recommendations The market is bearish and is trading at local minimums . We are not sure of further dropping. However, passing level JPY99.90 will sends the quotes lower. XAU / USD General review Gold continues to trade within a medium-term channel $ 1335- $ 1358. A further weakening of US dollar sent a quotation in the upper range of the specified Range. Consolidation continues. Trading activity is below average. Trading recommendations Exit from the consolidation is delayed. Inside channel trading with short stops is preferable. AUD / USD General review The data on Australia economy keeps on appearing - the number of jobs grew by 26.2 thousand in July, higher than the forecasts. The level of the Australian unemployment rate fell in July to 5.7%, from 5.8% in June. Current situation The Australian dollar finished yesterday's correction and on Daily is trying to stay above the significant 0.7670 level. Prospects for further midterm growth are strong at least to 0.7820. Trading recommendations if market close above 0.7620 is it likely to gain futher. NZD / USD General review The New Zealand dollar came close to strategic resistance 0.7300-0.7320. In case of breakdup we can talk about the medium-term bullish trend to 0.75-0.76.  Trading recommendations We consider it reasonable to wait for the development of the current situation in the market and remain flat- uncertainty is high. Longs only after the passage and settlemnet above 0.7310-0.7315 BRENT General review Contrary to our expectations the overbought oil managed to consolidate above $ 49 and reached the area of $ 50 and then $ 50.25 Current situation It looks like the market is moving up to the local maximum of 2016 years- $ 51 per barrel. Yesterday, the market was supported by inventory data. However, the annual level of the US oil production is still declining. It is a kind a sign of speculative component in this movement. Trading recommendations The rally in the oil market continues. Near term resistance is at $ 51 per barrel area. Support is around $ 49-67- $ 49  *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 21, 2016 Author Report Share Posted August 21, 2016 "Fort Financial Services"- fundamental and technical analysis. 22.08.2016 EUR/USD General review Today the pair EURUSD, resumed its decline, after new Dudley and Williams comments has confirmed its position on rate hike in the near future. Current situation Technically, there are no reversal signals and the pullback seems to be correction however pair EURUSD may fall to the key support level of 1.1113. Trading recommendations At the same time, the medium-term upward trend still persist- in which the immediate goal of the bulls is a key resistance level of 1.1461. JPY/USD General review During the Asian session USD / JPY has strengthened against the background of the general growth of the dollar. Trading recommendations The probability of a corrective pullback saved up for testing of a key resistance level JPY101,01 XAU/USD: General review Gold quotes fell to the lower border of the medium-term range 1336-1358. Trading recommendations On the four-hour chart a reversal candle pattern has formed, after which there is a probability of correction upwards, to the upper limit of the range. In case of breakdown, the upward movement to the key resistance level of 1357.64 will follow. Brent General review Oil prices continue to rise and today quotes test key resistance level of 51.01. Trading recommendations In case of breakdown and consolidation above $ 51, the bulls can move the market, towards the key resistance level of 53.53. In the case of rebound from the key resistance level of 51.01, we can expect a downward correction to the key support level of 48.01. Â *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 22, 2016 Author Report Share Posted August 22, 2016 "Fort Financial Services"- fundamental and technical analysis. 23.08.2016 EUR / USD General review The pair EURUSD opened with a slight downward gap at the beginning of the session, but market played back most of the losses and return to resistance level  1.1312-1.1320 area. Current situation Last week the final consolidation above 1.1320 failed to happen. Today's upward pullback from 1.1272 to 1.1312 could be a result of the closing stops. Trading recommendations EUR/USD trend remain bullish as pair is trading above the 61.8 Fibonacci extension. However, the situation is not clear – upward and downward movements are both possible- we stay out of the market to clarify the situation. USD / JPY: General review USD/JPY pair has greatly strengthened during the Asian session today amid strengthening of the US dollar. Yesterday the FED official Fischer voiced the opinion that the regulator is to return to interest rate hike before the end of this year. Current situation The gap was formed at the start of trading day as USDJPY market opened close to 100.77-resistance level. This was followed by a pullback, but the gap was not filled- which might be a strong bullish signal. During the European session, the USDJPY pulled back to 100.32. Trading recommendations In today's market uncertainty, we expect the range trading within 99.90-107.78 AUD / USD General review During the Asian session, the pair AUD / USD, dropped below the key resistance level of 0.7672. At the end of the previous week's market AUDUSD failed to consolidate above 0.7672, which could mean the development of medium-term growth. We do not exclude attempts to test this level in the near future. Current situation In terms of technical analysis, it is preferable to wait for consolidation with the possible development of the downward correction. Close support area is at 0.7540-0.7580 levels XAU/USD: General review Amid US dollar gains, the gold price have made an attempt to exit dawnward from the medium-term channel 1.1336-1.1358. Current situation Gold is testing the lower boundary of the medium channel at 1336, Trading recommendations The development of a downward movement is likely if the market close below 1.1333-1.1336. However, we expect a short-term return of into the designated channel on technical factors. Brent General review Oil has completed the last week in the area of 51 dollar per barrel. Current situation After a week of growth, the expected correction began to implement. Talks about a possible increase of the Fed rate, and the US dollar gains - will put pressure on the oil market. Trading recommendations We're careful with predictions about the depth and strength of correction. Nevertheless, the nearest support is in the area of $ 49 per barrel.  *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 23, 2016 Author Report Share Posted August 23, 2016 "Fort Financial Services"- fundamental and technical analysis. 24.08.2016 EUR/USD General review EURUSD, slightly weakened, after a positive start of today trading, amid a mixed statistics for the euro area. Current situation On H4 chart, there is reversal candle pattern, appeared after pair pulled back to  the key level 1.1320 area. Trading recommendations Middle term upward trend is still in the game. As the closest resistance level is the area of  1.1461. However, in the current situation of uncertainty we remain out of the market. JPY/USD General review Business activity index in Japan manufacturing sector in August increased to 49.6 against 49.3 in July. During the Asian session, the pair USD / JPY, continued to drop. Current situation The pair remains within the range we marked 99.91-101.78. We expect the market will again rebound from the bottom level of the range of 99.91 and to pull back at least to the balance area of  100.30. Trading recommendations At the same time we note that the probability increased that USDJPY will trade below 99.70-99.90 support minimum, to renew local minimums. XAU/USD: General review In the Asian session gold returned within medium-term range 1336-1358. Current situation However, gold remains under pressure-the last pullback might be triggered by closing stops. Returns above 1346 will mark the strengthening of bull positions. Trading recommendations We expect the consolidation to continue with returning to balance level of the range 1.1345 AUD / USD: General review After yesterday's growth and the opening gap filling, the market continued to gain, as pair returns to the key level of 0.7660. Trading recommendations We expect the movement to slow down in front of 0.7660 resistance level and the kind of consolidation. However, attempts to settle above 0.7660 are likely. BRENT: General review Oil prices continue to decline, amid investor concerns over rising supplies from Iraq and Nigeria, as well as growth in the number of drilling rigs in the United States. Trading recommendations The oil market continues to drop and today traded at around $ 48.70. US Inventory data is in the focus tomorrow. Today we expect the consolidation in the range of 48.50-48.70 dollars per barrel, followed by a transition to a relative growth.  *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 25, 2016 Author Report Share Posted August 25, 2016 "Fort Financial Services"- fundamental and technical analysis. 25.08.2016 EUR/USD General review EUR/USD was unable to consolidate above the important 1.1320 level. Current situation Today, the pair EUR/USD, started to lose, thus breaking through and consolidating below the important 1.1320 level. The pair is heading toward 1.1245 level Trading recommendation We expect the EURUSD dropping to slow down near the support level of 1.1245. Nevertheless, in the wake of the European currency the weakening the market may drop to the basic support level at the 1.1195-1.1210 area JPY/USD General review According to our forecast the USDJPY continues to trade within the range of 99.90-100.78 Current situation Trading activity is low. Since the morning European session USDJPY trades around the median level of the specified range 100.30-100.40 Trading recommendation We expect that by the end of the week the pair will continue to consolidate within the boundaries of the specified channel. Meanwhile, the level of 100.78 has become a significant resistance level. XAU/USD: General review As we expected during this week gold has begun to breakthrough from the medium-term channel 1.1356-1.1358 with downward direction Current situation After breaking through the resistance zone of 1.1330-1.1336 market is dropping lower. Trading recommendations The next support zone is located near 1.1320-1.1325. We expect that the market is moving towards these levels. Strategic support is around 1.1310 AUD / USD: General review Yesterday, the pair failed to consolidate above the level of 0.7676- traders used to the level for new sales. Trading recommendations Technically the picture is composed in favor of further decline. The first significant level of support is in the 0.7496-0.7500 area. BRENT: General review Oil prices resumed the decline after a rollback of in the area of $ 50 a barrel. The American Petroleum Institute (API) said on Tuesday that US crude stocks rose 4.5 million barrels last week. Current situation Price is consolidating in anticipation of the official data on crude inventories by US Department of Energy above the level of $ 49 per barrel. Trading recommendations If the figures will be similar to API data, this might lead the market in the area of $ 48- $ 48.50  *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 28, 2016 Author Report Share Posted August 28, 2016 "Fort Financial Services"- fundamental and technical analysis. 29.08.2016 EUR / USD General overview EURUSD pair shows a positive trend, the second day in a row. Current situation At the same time, the buyers are not strong enough to settle above the key resistance level of 1.1291, Trading recommendations There is a possibility of correction, towards the key support level of 1.1113 USD / JPY: General overview Japan national base index of the consumer prices  (y / y), was -0.5% in July, with forecasts of -0.4%. The base consumer price index in Tokyo (y / y), was 0.4%, the forecast of -0.3% in August. Current situation Volatility for the pair USD / JPY remains very low- most of the participants are out of the market in anticipation of Yellen speech. In the current situation, buyers and sellers are in balance, as the price is around the middle level of the channel 100.30-100.40. Trading recommendations After today weak statistics data, there was a small probability of correction upwards, on expectations of new stimulus measures by the Bank of Japan. Nevertheless, exit of the consolidation is based on Yellen performance and much will depend on its words. AUD / USD: General overview The pair continues to consolidate in a narrow range 0.7600-0.7650. The situation is not clear- breaking from consolidation can be in any direction. Trading recommendations We tend to think that before AUDUSD test the key level of 0.7660 the pair will drop down to levels 0.7500-0.7550. NZD / USD: General overview The pair NZD / USD is continuing a slow but steady growth moving along a rising trend line. Current situation In NZD/USD market bulls have moved the price above the key resistance level 0,7300-0.7314. Trading recommendations However, there was not confirming settlement signal still; we do not exclude a pullback on volatility. XAUUSD: General overview During yesterday's trading, gold moved to insignificant correction, the market pulled back to levels of 1325, which could be due to profit-taking and short covering before Friday's session. Trading recommendations We expect pullback to procced to 1310-1315 levels where the medium-term demand is located. However, the second half of the day promises to be volatile. Brent General overview The oil market has stabilized in the support level of 49 dollars per barrel. At the same time moving above also failed. The news background  still provides speculative driver for growth (the upcoming Energy Forum in Algeria, Iran's readiness to cooperate with OPEC). Fundamental factors are opposite to market gains (crude inventories rise in the United States). Trading recommendations FED position on interest rate hike will help to get out of consolidation- much will depend on US dollar market. We look forward to continuing consolidation in these ranges. $49-$51 – market range for upcoming week.   *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 29, 2016 Author Report Share Posted August 29, 2016 "Fort Financial Services"- fundamental and technical analysis. 30.08.2016 Euro General overview The dollar was stable on Monday on the back of J.Yellen's comments plus previous comments by FOMC’s officials which intensified expectations of a potential rate hike by the Fed at the September meeting. Current situation The EUR/USD continued to decrease on Monday and found a decent support in the 1.1170 area in the North American session. The resistance is seen at 1.1200, the support stands at 1.1130. The indicators MACD and RSI resumed their declines within negative territory. MACD indicates the sellers’ strength. RSI entered the oversold area. The price broke downwards the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages are turning downwards and generate a sell signal. Trading recommendations All eyes are right now at the support level 1.1130. If the price breaks this support, the instrument may fall further that should send this market looking for the 1.1070 level. Pound General overview The GBP/USD was under pressure on Monday. The market was closed due to the Banking holiday and sterling traded under influence of external factors. Current situation The pound extended its decline against the U.S dollar on Monday. The pair broke the 1.3100 level and consolidated below it. The current resistance is seen at 1.3100, the support exists at 1.3000. The indicators (MACD and RSI) are negative. MACD generate a sell signal. The RSI is oversold which signals about a possible correction. The price broke the 50 and 100 EMAs in the 4 hours chart, however, the pound did not move far from the lines and stayed below them. The moving averages are turning downwards and generate a sell signal. Trading recommendations We remain bearish on the pair. Once we consolidate below the 1.3100 mark, we think that the 1.3000 level will be next. Yen General overview The dollar grew to the 2-week high on the back of the renewed hopes that the Fed might raise the rates in September. Japanese stocks supported the dollar as well. Current situation The USD/JPY gapped higher and extended its gains on Monday. The pair found a solid resistance at 102.50 which did not let the price further upwards. The resistance is at 102.50, the support comes in at 101.40. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overbought area. Both indicators generate a buy signal. The USD/JPY broke the 200-EMA and headed away from it in the 4 hours chart. The moving averages (50, 100 and 200) are turning upwards. Trading recommendations The overall outlook remains bullish, for a growth towards 102.50 resistance area. AUD/USD General overview AUD fell due to Fed officials’ comments about strengthening the monetary policy in the nearest future. Current situation The pair touched a four-week low on Monday, however, AUD/USD managed to recover some of its lost ground. The resistance is at 0.7600, the support comes in at 0.7540. MACD decreased which confirms the strength of sellers. RSI continued consolidating within oversold area. The 4 hours chart shows that the price is below the 50, 100 and 200 Day EMAs. The 200-EMA is neutral, the 50 is crossing the 100 EMA downwards and both lines are moving down. Trading recommendations We believe the AUD/USD will remain under pressure. The current weakness is expected to extend further to 0.7470. XAUUSD General overview The dollar grew following the Yellen’s hawkish comments which weighed on the gold futures. Current situation The XAU/USD gapped downwards and set new lows on Monday. The pair traded in red figures and stayed close to the level 1316. The instrument partly recovered in the North American session. The resistance is at 1330, the support comes in at 1316. MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area. The 50-EMA is crossing downwards the 100 and 200 EMAs in the 4 hours chart. The moving averages are moving downwards which is a sell signal. Trading recommendations The overall outlook remains bearish, for a decrease towards 1316 support area. Brent General overview Brent remained under pressure as traders doubt that the OPEC members will limit oil output at the September meeting. Current situation Brent futures closed bearish yesterday. The instrument remained in a side channel between 49.00-49.50 levels during the trades. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel. 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 neutral. Brent futures broke the 50-EMA in the 4 hours chart. The 100-EMA broke the 200-EMA upwards in the mentioned timeframe. All lines are still moving upwards. Trading recommendations In the near term, the outlook is neutral until we get Crude Oil Stock report on Thursday. DAX General overview European stocks were under pressure as traders digested the latest Yellen’s comments about possible rate hike by the Fed. Current situation The index was neutral and stayed close to the 10520 level on Monday. The price traded in a narrow side channel limited by the levels 10468 and 10560. The resistance is seen at 10520, the support lies at 10350. MACD decreased which confirms the strength of sellers. RSI is neutral. The 4 hours chart shows that the price is sandwiched between the 50 and 100 EMAs. The 50-EMA is turning downwards, the 100 and 200 Day EMAs are still moving upwards. The moving averages still generate a buy signal. Trading recommendations The level 10520 stays between the price and its further decrease. Shall the index break the level and the road towards 10350 will be opened. S&P 500 General overview Wall Street traded higher on Monday due to U.S inflation and consumer reports. Current situation The index rallied on the back of the positive data on Monday. Traders were able to push the price from the level 2165 to the 2180 mark. S&P500 closed the day bullish. The resistance is seen at 2180, the support is at 2165. MACD is in the negative area. The indicator grew which indicates the sellers’ positions weakening. RSI moved away from the oversold area and approached the overbought one. The price bounced upwards from the 200-EMA in the 4 hours chart. The index grew and managed to touch the 50 and 100 Day EMAs. The moving averages are moving upwards which is a buy signal. Trading recommendations If a bullish momentum is preserved the index will continue growing. The next buyers’ target is the mark 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 30, 2016 Author Report Share Posted August 30, 2016 "Fort Financial Services"- fundamental and technical analysis. 31.08.2016 Euro General overview The dollar is strong due to the latest J.Yellen’s comments about growing possibility of the Fed rate hike. Current situation The pair traded near the fresh lows on Thursday. The price stayed below the broken 200-EMA and the current support at 1.1150 in the 4 hours chart. Traders were inactive ahead of the upcoming statistics in the USA. The 200-EMA is neutral while the 50 and 100 Day EMAs are turning down. In the 1 hour chart the 50, 100 and 200 EMAs present a strong bearish slope. The 50 and 100 Day EMAs are crossing the 200-EMA downwards. The moving averages generate a sell signal. The resistance is seen at 1.1200, the support stands at 1.1130. The indicators MACD and RSI remained flat within negative territory, maintaining the risk towards the downside. Trading recommendations The trend is objectively bearish. If the price remains below the 200-EMA and the 50 and 100 EMAs will advance south in the 4 hours chart we may see a downtrend continuation. The level 1.1130 is the first sellers’ target. Pound General overview Pound weakened on Thursday following the weak data. At the same time the U.S dollar is strong on the back of the expectations that the Fed will raise the rate this year. Current situation The GBP/USD fell back towards its weekly low on the earlier Thursday's trades; however, the sterling regained some of its losses in the American Session. The current resistance is seen at 1.3200, the support exists at 1.3100. The indicators (MACD and RSI) are negative. MACD generate a sell signal. The RSI bounced from the oversold area. The price returned below the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are moving close to each other in the mentioned timeframe. The 200-EMA is hovering above them. All lines are moving downwards and show a sell signal. Trading recommendations The indicators recommend short positions. A downtrend will start as soon, as the pair falls below the support level 1.3050. Yen General overview The pair grew on Thursday when Overall Household Spending did not meet traders’ expectations. Besides, positive Consumer Confidence index strengthened the dollar across the board. Current situation The USD/JPY traded near fresh 3-week highs. The growing impulse continued, the instrument accelerated its growth. The 4 hours chart shows that MACD and RSI are flat within positive territory. The price advanced north from the 200-EMA. There are some risks towards the upside now. The resistance is at 103.50, the support comes in at 102.50. Trading recommendations This loss of the 102.50 level is now pointing to a further period of upward movement to come. The level 103.00 is the first buyers' target. However, the USD/JPY is oversold and we expect an upside any moment now. Should the pair roll back we will sell with a target at 101.40. NZD/USD General overview The NZD/USD pair was under pressure as the fresh hopes for a U.S. rate hike in 2016 continued to weigh on the kiwi. Current situation The NZD/USD remained under pressure. The price continued to grind lower after an unsuccessful attempt to regain the 0.7250 level. Buyers were just able to push the quotes towards 0.7260 where sellers got the ball and lead the price down.  The resistance is at 0.7250, the support comes in at 0.7150. MACD decreased which confirms the strength of sellers. RSI continued moving towards the oversold area. The pair left behind the 100-EMA and is trending towards the 200-EMA which acts as a support for the price. The 200-EMA is still bullish, the 50 and 100 Day EMAs are turning down fallowing the price. Trading recommendations Moving below the 0.7270 support (100-EMA) would suggest a resumption of the bear trend. The NZD/USD shall decrease to the 0.7180 region where the 200-EMA lies. A successful break of the 200-EMA will prolong a downtrend towards 0.7150. XAUUSD General overview Gold softened due to the latest Fed officials’ remarks about the next U.S. rate hike. Current situation The tone is still negative in the market, the pair closed bearish yesterday. Sellers met a solid support at the 1316 mark which were not able to break at once. The price rolled back to 1325.40 where the XAU/USD turned around and returned back to the support level. The resistance is at 1330, the support comes in at 1316. The MACD remained at the same level which confirms the strength of sellers. RSI consolidated near the oversold area. The 50, 100 and 200 EMAs present a strong bearish slope. The moving averages are trending downwards which is a sell signal. Trading recommendations The XAU/USD is now under the risk of falling under the level of 1316. A break below this mark risks a decline back towards the support at 1310. Brent General overview Traders focused on the weekly report on U.S stockpiles of crude and refined products. Better-than-expected U.S. Consumer Confidence index supported the dollar and weighed on Brent futures. Current situation Brent showed low volatile trades during Asian and European sessions on Thursday. The instrument became active in the American session where the price had a sharp drop from the resistance 49.50 to the support at 48.50. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel. MACD decreased which confirms the strength of sellers. RSI advanced to the oversold area. Brent futures bounced from the 50-EMA and approached the 100-EMA in the 4 hours chart. The 50-EMA is neutral, the 100 and 200 EMAs are pointing upwards. The moving averages do not give a clear signal. Trading recommendations We are bearish on the Brent. All eyes are right now at the support level 48.50. If Brent break the level, the price may fall to the 47.50 level. Nasdaq General overview Wall Street traded lower on Thursday as traders waited for new clues for the possible rate hike from the Fed. Current situation The technical picture presents a bearish tone. Bears are gradually gaining more overall control. Traders led the price from the level 4800 to the support at 4770. The instrument bounced from the 100-EMA in the 4 hours chart. The 50-EMA is crossing the 100-EMA downwards. The 100 and 200-EMAs are trending upwards, the 50-EMA is pointing downwards. The resistance is seen at 4800, the support lies at 4770. MACD decreased which confirms the strength of sellers. RSI is heading towards the oversold area. Trading recommendations If Nasdaq makes a breakout of 4770 that may trigger an additional downward momentum towards 4740. S&P 500 Current situation The index had a negative day on Thursdays. The price moved away from the resistance 2180 towards the support at 2165. The instrument bounced downwards from the 50 and 100 Day EMAs which are parallel to each other. The S&P500 is in-between the 200-EMA and the 100-EMA in the 4 hours chart. The resistance is seen at 2180, the support is at 2165. 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 moved away from the oversold area and is neutral now. Trading recommendations The index now seems to be heading towards its immediate support near 2165. Break below 2165 would open the way 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 August 31, 2016 Author Report Share Posted August 31, 2016 "Fort Financial Services"- fundamental and technical analysis. 01.09.2016 Euro General overview A better-than-expected US ADP survey increased the prospect of the Fed interest rate hike. Current situation The dollar preserved a bullish tone across the board. The pair tested fresh 3-week lows on the back of a better-than-expected ADP private employment survey. In general, the EUR/USD stays in a downward channel, advancing south. The price moved away from the 50, 100 and 200 Day EMAs in the 4 hours chart. The 50 and 100 EMAs are moving downwards, the 200-EMA is just turning down. The MACD and RSI indicators maintain bearish slopes within negative territory. The resistance is seen at 1.1200, the support stands at 1.1130. Trading recommendations The price stays at the support 1.1130. If the EUR/USD pair breaks below this level, then this could lead to renewed selling momentum, possibly towards 1.1070. Pound General overview Positive Consumer Confidence in the UK slightly supported the pound. The index came in at -7 vs. expectations of -8. However, a strong US ADP report weighed on the sterling and the pair resumed its decrease. Current situation The GBP/USD pair showed a mixed dynamics on Wednesday. At first the price grew in the Asian session, then, the instrument turned around and resumed its decrease in the European and North American ones. The current resistance is seen at 1.3100, the support exists at 1.3000. The indicators (MACD and RSI) generate a sell signal. The price is returning below the 50 and 100 EMAs in the 4 hours chart. The moving averages direction is downwards which is a sell signal. Trading recommendations We are looking for the 1.3100 level break and then continuation of a fall with a further target at 1.3000. Yen General overview The dollar grew vs. the yen due to the latest Fed officials’ comments and the release of encouraging US employment data. Current situation The pair had a positive day on Wednesday. The price kept advancing towards the 103.50 resistance. MACD is heading north within positive territory, RSI is in the overbought territory. The 50, 100 and 200 EMAs accelerated their advance north which is a buy signal. The resistance is at 103.50, the support comes in at 102.50. Trading recommendations According to the indicators the price is overbought. There is a risk towards the upside. After the break above 103.50, we may see the price extending up to the 104.50 level. In case of the upside the USD/JPY shall return below the 102.00 region. USD/CAD General overview A better-than-expected US ADP Employment survey and disappointing Canadian GDP for Q2 weighed on the Canadian dollar. Current situation The pair resumed its bullish momentum and set a fresh 3-week high which is the highest level since August 10th. The USD/CAD could escalate up to 1.3133. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overbought territory. In the 4 hours chart the price is advancing from the moving averages which are turning upwards to follow the price. The resistance is at 1.3200, the support comes in at 1.3100. Trading recommendations We expect markets to stay fairly positive. In this potential scenario, the next stop for the USD/CAD could well be around 1.3150. Conversely, the instrument can turn around. In this scenario, sellers will push the price to the 1.3050 region. XAUUSD General overview The XAU/USD traded close to the 2-month low level as investors awaited for the U.S. statistics to evaluate if its economy was ready for a rate hike. Current situation The pair remained in a downward channel, close to its lower boundary. The instrument stayed below the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs accelerated their declines in the mentioned timeframe. All moving averages kept heading lower. The resistance is at 1316, the support comes in at 1300. The MACD remained at the same level which confirms the strength of sellers. RSI consolidated near the oversold area. Trading recommendations The pair presents a bearish tone, all indicators recommend short positions. If the gold futures preserve downward momentum its next stop could well be at the 1300 region. Brent General overview The crude oil fell to the 3-week low when oil supplies in the U.S. rose for the second week in a row. Current situation The crude oil is under intense selling pressure. The sellers managed to lead the price from the resistance 48.50 to the level 47.50. The price did not remain at 47.50 and continued advancing south. MACD and RSI slightly changed from yesterday. The indicators generate a sell signal. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The price broke the 100-EMA on its way down in the 4 hours chart. The instrument is approaching the 200-EMA now. The 50-EMA is moving down, the 100 and 200 EMAs are still heading north. Trading recommendations If the price keeps going down it will reach the level 46.50 soon. DAX General overview European stocks moderately decreased, finishing the second month in a row with a growth. Current situation The index finished the day negatively despite the positive trend. The price stepped away from the weekly high at 10700. DAX is approaching the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are moving upwards. The resistance is seen at 10700, the support lies at 10520. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal.  RSI is moving from the overbought area. Trading recommendations DAX may decrease to the support 10520 where the 50 and 100 EMAs lie. S&P 500 General overview American stocks opened lower on Wednesday as a strong dollar pressured on oil futures and materials companies. Current situation The index was lower on Wednesday. The S&P500 retreated from the monthly high. Sellers pushed the price from 2180 towards the mark 2165. The price broke the 200-EMA. The 50, 100 and 200 EMAs are moving upwards. The resistance is seen at 2180, the support is at 2165. MACD decreased which confirms the strength of sellers. RSI approached the oversold area. Trading recommendations In the medium term, the outlook is bearish. If the price keeps falling it will break the level 2165. The second sellers’ target is 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 September 2, 2016 Author Report Share Posted September 2, 2016 "Fort Financial Services"- fundamental and technical analysis. 02.09.2016 Euro General overview A weaker-than-expected U.S. Manufacturing PMI weighed on the dollar and supported the euro. Current situation In the short term our outlook is bullish. The dollar was in a flat ahead of the U.S statistics. The pair traded in a range between the support 1.1130 and the level 1.1160. After a weak Manufacturing PMI the price rallied and approached the mark 1.1200. The resistance is seen at 1.1200, the support stands at 1.1130. The EUR/USD pair is under 50, 100 and 200 EMAs which are moving downwards in the 4 hours chart. The 50-EMA is crossing the 100-EMA in the mentioned timeframe. The moving averages generate a sell signal. MACD shows a bullish divergence in the 1 hour timeframe. The RSI indicator headed towards the overbought area. Trading recommendations Technically the EUR/USD may reverse and grow towards 1.1200 and 1.1270. Otherwise, the instrument will continue falling with a target at 1.1070. Pound General overview The pound rallied on the back of strong Manufacturing PMI in the UK. Current situation A better-than-expected Manufacturing PMI supported the GBP/USD pair. The price grew from the session lows at 1.3130 to the daily highs at 1.3270. The pair was also supported by a weak U.S. Manufacturing PMI later the day. The price finished the day in the 1.3220 region. The instrument approached 1.3360 at the start of the North American session. The price broke the 200-EMA and headed from it in the 4 hours chart. The moving averages direction is still downwards. The lines generate a sell signal. The current resistance is seen at 1.3360, the support exists at 1.3200. MACD grew which indicates the sellers’ positions weakening. RSI approached the overbought area. Trading recommendations As long as market holding above 1.3200 the uptrend pressure will continue towards 1.3360. Conversely, the price will return below 1.3200 and further below 1.3100. Yen General overview The dollar remained closed to the 3-week highs ahead of the upcoming Non Farm Payrolls report. Current situation In general, the pair had a positive day on Tuesday. The bullish views are still popular. The USD/JPY continued to advance north and set a new daily high at 103.80. The price slightly decreased at the start of the American Session after a weak statistics. The 50-EMA is crossing upwards the 100-EMA in the 4 hours chart. All moving averages are turning upwards in the mentioned timeframe. The resistance is at 103.50, the support comes in at 102.50. MACD shows a bearish divergence in the 1 hour chart. RSI left the oversold area. Trading recommendations The pair now seems to be heading towards the 104.00 level. Should the price fixate over that level and the upward trajectory will be continued to 104.50. However, the USD/JPY pair is overbought and may pull back a little. In this scenario, sellers will drag the price down below 103.50. AUD/USD General overview A positive Chinese Manufacturing PMI supported the AUD/USD pair in the Asian session on Tuesday.  Current situation The AUD/USD was able to erase some of its losses in the Asian session on Tuesday. However, when sellers returned in the European session they dragged the price down. The AUD was able to recover in the American session on the back of the weaker-than-expected U.S statistics. The resistance is at 0.7540, the support comes in at 0.7470. The 50-EMA crossed the 100 and 200 EMAs in the 4 hours chart. All moving averages are moving downwards. MACD decreased which confirms the strength of sellers. RSI is trending towards the overbought area. Trading recommendations If the AUD/USD remains below 0.7540 the price may test 0.7470. Controversially, the instrument will grow to the 0.7570 region. XAUUSD General overview Gold futures traded close to the 2-month lows as traders took wait and see position before the NFP report. Current situation The US currency took control of the flows. The gold remained under pressure on Tuesday’s trades. Sellers were able to push the price lower on Tuesday. The new session lows are marked in the 1300 region. The 50-EMA crossed the 100 and 200-EMAs in the 4 hours chart. The moving averages kept trending lower which is a sell signal. The resistance is at 1316, the support comes in at 1300 per ounce. MACD grew which indicates the sellers’ positions weakening. RSI is heading towards the overbought territory. Trading recommendations Technically, a bearish tone persists in the 4 hours chart. The XAU/USD remains focused on a potential test of 1300. In case of a correction, buyers may push the price to 1316 per ounce. Brent General overview Brent kept falling after a rise in U.S. crude inventories. Moreover, traders focused their attention on a world supply glut which keeps weighing on the oil prices. Current situation The crude oil futures are under pressure. Sellers pushed the price from the session high at 47.23 below the support at 46.50. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel. The price broke the 200-EMA in the 4 hours chart. The 50-EMA is moving down, the 100 and 200 EMAs are turning downwards   . MACD and RSI are negative which is a sell signal.  Trading recommendations We believe that Brent can advance further below 46.50. However, the instrument is oversold and it may pull back a little. The price will continue a downtrend if it consolidates below 46.50. Alternatively, buyers can push the price towards the 47.00 region. Nasdaq Current situation The index pulled back a little from the weekly highs. The price moved away from the 4800 level and approached the mark 4740. The instrument pulled back from the 50-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA. The 50 and 100 EMAs are neutral, the 200-EMA is pointing upwards. The resistance is seen at 4770, the support lies at 4740. MACD decreased which indicates the buyers’ positions weakening. RSI is moving towards the oversold area. Trading recommendations If the downward pressure persists Nasdaq will decrease to the 4750 region where it can pull back to 4800. S&P 500 General overview Wall Street opened lower on Tuesday due to negative Manufacturing PMI and negative crude oil dynamics. Current situation The technical picture presents a bearish tone. The price decreased from the weekly highs at 2180. S&P500 broke downwards the 200-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA in the mentioned timeframe. The moving averages are neutral. The resistance is seen at 2165, the support is at 2150. MACD decreased which indicates the buyers’ positions weakening. RSI is moving towards the oversold area. Trading recommendations Sellers can take control over the market if the price consolidates below 2165. Otherwise, buyers will return the instrument 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 September 4, 2016 Author Report Share Posted September 4, 2016 "Fort Financial Services"- fundamental and technical analysis. 05.09.2016 Euro General overview The dollar weakened after U.S payrolls report. Non Farm Payrolls slowed down in August and the Fed may postpone the rate hike due to the weak labour market report. Current situation The pair showed volatile trades on Friday. The euro suffered an increased buying pressure right after the Non-farm Payrolls release. Buyers pushed the price from the mark 1.1190 towards the resistance 1.1270 where the euro bullish spike faded and the pair dropped back to the opening price level. The pair closed bearish on Friday. The resistance is seen at 1.1200, the support stands at 1.1130. The EUR/USD pair is below 50, 100 and 200 EMAs which are moving downwards in the 4 hours chart. The moving averages generate a sell signal. The MACD remained at the same level which confirms the strength of sellers. RSI is approaching the negative territory. Trading recommendations The pair looks increasingly bearish now. A move below 1.1130 will strengthen sellers’ positions. If the EUR/USD consolidates over 1.1270 the upward movement may continue towards 1.1350. Pound General overview Construction PMI in the UK supported the pound which stayed close to the monthly highs. Current situation The price rallied due to the weak unemployment data in the USA. The sterling accelerated its advance and approached the level 1.3360 on Friday. The pair set a new monthly high at 1.3350 on Friday. The current resistance is seen at 1.3360, the support exists at 1.3200. The GBP/USD pair headed away from the moving averages in the 4 hours chart. The moving averages are turning upwards after the price. The indicators are within positive territory and support an upward extension. The MACD histogram grew which indicates the buyers’ strength. RSI is in the overbought area now. Trading recommendations The bullish views are getting more popular now. The pound will continue its growth if it breaks the current resistance 1.3360. Alternatively, the price will decrease to 1.3200. Yen General overview The yen softened on the back of US monthly jobs report. Current situation USD/JPY briefly dropped below the 103.50 level and hit fresh 2-day lows right after US NFP report. The price hit 2-day low and attracted buying interest, as a result the price came back to the opening price level and then returned to a growth. The resistance is at 104.50, the support comes in at 103.50. The price remained above the moving averages in the 4 hours chart which present a strong bullish slope. The moving averages accelerated their growth on Friday. MACD is in the positive area. RSI approached the overbought territory. The indicators generate a buy signal. Trading recommendations The resistance 104.50 is the main buyers’ target right now. Sellers may regain some control if they manage to push the price below 103.50. NZD/USD General overview A weaker-than-expected Non-Farm payrolls report lowered the possibility of a Fed rate hike in September. Current situation The NZD/USD returned to a decrease on Friday. The price spiked immediately after the U.S labor market report to a fresh weekly high. The bullish spike quickly faded and the NZD headed towards the support 0.7250. The resistance is at 0.7320, the support comes in at 0.7250. The 50, 100 and 200 EMAs are moving upwards. The price is approaching the 50-EMA which acts as a support now. MACD decreased which indicates the buyers’ positions weakening.  RSI bounced from the overbought area. Trading recommendations If the NZD/USD remains above 0.7250 the price may test 0.7320 again. Controversially, the instrument will drop below 0.7250. XAUUSD General overview XAU/USD grew due to risk aversion on the back of a weak US labour market report. Current situation Gold rallied on Friday. The yellow metal gained about 0.85% by the end of the trades. The price broke the 50-EMA and tested the 100 and 200 EMAs in the 4 hours chart. The moving averages direction is downwards. The resistance is at 1330, the support comes in at 1316 per ounce. 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 heading towards the overbought area. Trading recommendations A break above the 1330 resistance would switch the market tone to bullish. Should the XAU/USD break the resistance level and the price will grow to 1340. Controversially, gold futures will fall below 1316. Brent General overview Crude oil Brent got under pressure when skepticism of crude oil output freeze by the OPEC members grew in the market. Current situation The price bounced off the support 45.30 on Friday. Buyers were able to push the price above the resistance 46.50. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.  The price broke the 200-EMA upwards in the 4 hours chart. The 50-EMA is turning around, 100-EMA is moving upwards, the 200-EMA is neutral. MACD grew which indicates the sellers’ positions weakening. RSI left the oversold area. Trading recommendations If the price returns below 46.50 (the 200-EMA) the instrument will continue its downward trajectory. Alternatively, Brent shall grow towards 47.50. Dax General overview European stocks grew when U.S. jobs growth appeared to be weaker than expected in August. Current situation Dax jumped to a fresh weekly high of 10731 after the Non Farm payroll report. The price broke upwards the 50 and 100 EMAs. The moving averages are moving upwards which is a buy signal. The resistance is seen at 10700, the support lies at 10520. MACD is in the positive area. RSI approached the overbought area. The indicators generate a buy signal. Trading recommendations If the price breaks the resistance 10700 the index can grow to the August high at 10802. Otherwise, DAX will fall to the support 10520. S&P 500 General overview Wall Street closed higher last week. We believe traders will digest the weaker-than-expected payrolls report today. Current situation S&P500 strengthened and closed Friday bullish. The index advanced north and set a new weekly high at 2183. The instrument broke the 50 and 200 EMAs and tested the 100-EMA in the 4 hours chart. The moving averages are neutral. The resistance is seen at 2180, the support is at 2165. 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 moving towards the overbought area. Trading recommendations Should the price break the resistance 2180 and buyers will lead the price to the level 2190.  *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 September 5, 2016 Author Report Share Posted September 5, 2016 "Fort Financial Services"- fundamental and technical analysis. 06.09.2016 Euro General overview The EUR/USD strengthened on the back of the weak dollar after disappointing Non Farm Payroll report. The USA market was closed due to Labour Day. Current situation The pair was low volatile on Monday. The euro moved upwards in the Asian session. Then sellers were able to push the price lower in the European and North American sessions. The price remained below the 50, 100 and 200 EMAs in the 4 hours chart. All moving averages kept heading lower. The resistance is seen at 1.1200, the support stands at 1.1130. MACD shows divergence in the 1 hour chart. RSI is heading towards the oversold area. Trading recommendations If the downward pressure persists the pair will get below 1.1130. In this scenario, sellers’ next target will be the mark 1.1070. Pound General overview The pound grew due to better-than-expected Service PMI and due to the weakness of the dollar. Current situation The pound rallied and tested the level 1.3360 on Monday. The sterling was able to set a daily high at 1.3372. After reaching the level 1.3360 the pair slightly rolled back and erased some of its gains. The GBP/USD hovered above the moving averages in the 4 hours chart. The moving averages are turning upwards. The current resistance is seen at 1.3360, the support exists at 1.3200. MACD shows convergence in the 1 hour chart. RSI is in the overbought area. Trading recommendations We will place buy orders if the GBP/USD does a breakout at the resistance level of 1.3360. If the pair gets below 1.3270 the price may reach 1.3200. Yen General overview The USD/JPY softened on Monday’s trades. The dollar is still under pressure after weaker-than-expected Non Farm Payrolls report. Moreover, the US market was close due to Labor Day celebration.  Current situation The pair erased some of its previous gains on Monday. The price decreased from last week highs at 104.30 to the 103.50 region. The instrument remained above the moving averages in the 4 hours chart. The 50-EMA broke the 100-EMA and approached the 200-EMA in the mentioned timeframe. The resistance is at 103.50, the support comes in at 102.50. MACD formed a divergence in the 1 hour chart. RSI left the overbought area, but remained within positive territory. Trading recommendations A break below 102.50 risks a decline back towards the support 101.40. If the USD/JPY returns above 103.50 the instrument may grow to 104.50. AUD/USD General overview The AUD grew on the back of strong Company Gross Operating Profits report. Current situation The AUD/USD grew at the open on Monday. Buyers led the price to the level 0.7600 where the pair turned around and slightly decreased. The instrument tested the 100-EMA and remained above the line. The moving averages are neutral in the 4 hours chart. The resistance is at 0.7600, the support comes in at 0.7540. MACD indicator is close to the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD remains in the positive area buyers will keep control over the market. RSI bounced from the overbought area. Trading recommendations If the AUD/USD remains below 0.7600 the price may fall to 0.7540. Controversially, the instrument will grow to 0.7600. XAUUSD General overview The Gold remained close to the weekly high as disappointing US labor report diminished expectations for another rate hike in 2016. Current situation XAU/USD traded close to the weekly high on Monday. The price was at the 200-EMA in the 4 hours chart. The moving averages are turning upwards. The resistance is at 1330, the support comes in at 1316 per ounce. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area. Trading recommendations The pair will presume its upward trend if it breaks the resistance 1330. If the instrument gets below 1316 sellers will lead the price to 1300. Brent General overview Oil prices grew after reports that Saudi Arabia and Russia will cooperate to support the market.  Current situation Brent showed volatile trades on Monday. First, it jumped to the monthly peaks and set a new high at 49.50. Then, the price turned around and sharply fell below 47.50. The price returned some of its losses and slightly grew during North American hours. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.  The price is between the 50 and 200 EMAs in the 4 hours chart. The 50-EMA is crossing the 100-EMA in the same timeframe. MACD grew which indicates the sellers’ positions weakening. RSI left the overbought area. Trading recommendations If the price returns above 48.50 the Brent futures will continue its uptrend. Alternatively, Brent will decrease below 46.50. Dax General overview European stocks traded higher on Monday as markets digested Friday's disappointing U.S employment report. Current situation DAX traded close to the recent highs and spent the day in the 10700 region. The price slightly grew above previous week’s top in the European session and decreased in the American one. The resistance is seen at 10700, the support lies at 10520. MACD is in the positive area. RSI is close to the overbought area.  Trading recommendations The index may decrease to 10520 soon. If the price breaks the level the downward movement may continue to 10350. Controversially, the instrument will grow above 10700. S&P 500 General overview Wall Street was closed on Monday due to Labor Day celebration. Current situation S&P500 slightly changed on Monday. The price stayed at previous week’s high and slightly decreased by the end of the trades. The instrument broke the 100-EMA and touched the 50-EMA in the 4 hours chart. The 50-EMA is breaking the 100-EMA downwards. All moving averages are moving downwards. The resistance is seen at 2180, the support is at 2165. MACD is in the positive area. RSI bounced from the overbought area. Trading recommendations An uptrend will start as soon, as the index rises above the resistance level 2180. S&P500 may drift below 2165 to test 2150 support area.  *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 September 6, 2016 Author Report Share Posted September 6, 2016 "Fort Financial Services"- fundamental and technical analysis. 07.09.2016 Euro General overview A weaker-than-expected Non-Manufacturing PMI softened the dollar and sent it to the monthly low. Current situation The pair traded under pressure, the price remained close to 1.1130 in the Asian and European sessions on Tuesday. The instrument grew on the back of a weak Non-Manufacturing PMI during the North American hours. The pair broke the level 1.1200 and trended towards 1.1270. The EUR/USD broke the 50, 100 and 200 EMAs and headed north from them in the 4 hours chart. The resistance is seen at 1.1270, the support stands at 1.1200. MACD grew which indicates the sellers’ positions weakening. RSI is growing towards the overbought area. Trading recommendations A break above 1.1270 would open the way to 1.1350. Should the price return below the 1.1200 level and the way towards 1.1130 will be opened. Pound General overview The GBP/USD is positive due to a strong Services PMI in the country. Moreover, the sterling grew on the back of a weak U.S Non-Manufacturing PMI on Tuesday. Current situation There were no major events on the UK schedule and the pound traded under the influence of external factors. The pair remained in green figures on Tuesday. The price recovered from yesterday’s lows and returned to the resistance 1.3360 during the European session. The instrument accelerated upwards and broke the 1.3360 in the North American session. The 4 hours chart shows that GBP/USD hovered over the moving averages which are modestly bullish. The 50-EMA rebounded from the 100-EMA and crossed upwards the 200-EMA which is a buy signal. The current resistance is seen at 1.3500, the support exists at 1.3360. MACD shows convergence in the 1 hour chart. RSI entered the overbought area. Trading recommendations The level 1.3360 is the key level now. If the price gets below it we will take into account a continuation of the downtrend towards 1.3200. To trigger additional upward momentum the GBP/USD needs to consolidate over 1.3360. Yen General overview Uncertainty over the timing of next Fed rate-hike and the disappointing U.S statistics weighed on the pair. The dollar got under pressure on Tuesday when the US services sector unexpectedly dropped to the lowest level since January 2010. Current situation The pair has been trading in a consolidation range since last Wednesday. Buyers’ attempts to continue an upward movement failed, the price stayed close to the resistance 103.50 during the day. After disappointing U.S statistics the dollar got under pressure and fell to 5-day low. Sellers led the price from 103.50 towards 102.50. The USD/JPY touched the 200-EMA in the 4 hours chart. The 50-EMA broke the 100 and 200 Day EMAs in the mentioned timeframe. All moving averages are turning around. The resistance is at 102.50, the support comes in at 101.40. MACD formed a divergence in the 1 hour chart. RSI is heading towards the oversold territory. Trading recommendations The market is bearish right now. We see it heading south towards 101.40. NZD/USD Current situation The NZD was stronger on Tuesday, trading near local high against the dollar. Traders pushed the pair higher and the price was able to break the resistance 0.7320 and touched the level 0.7400. The new session high is at 0.7413 now. The NZD/USD remained above the 50, 100 and 200-EMAs. The moving averages continued their advance north. The resistance is at 0.7400, the support comes in at 0.7320. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area. Trading recommendations The price may roll back below 0.7400 which is a good option to buy the price. If the NZD/USD breaks 0.7250 the downward movement will continue to the 0.7200 region where the 200-EMA lies. XAUUSD General overview Gold futures grew on the back of disappointing U.S Non-Manufacturing PMI report. The latest negative U.S statistics reduced expectations that the Fed will raise interest rates in September. Current situation Gold prices jumped to the weekly highs due to US negative Services PMI. The price broke the resistance 1330 and is trending towards 1350 now. The XAU/USD moved from the 100 and 200 EMAs in the 4 hours chart. The moving averages are moving upwards. The resistance is at 1350, the support comes in at 1330 per ounce. MACD is in the positive area. RSI entered the overbought area. Trading recommendations We believe that this is essentially a “buy only†market at the moment. The next buyers’ target is the level 1350. Brent General overview Iraq's Prime Minister is in the focus now. According to Haider al-Abadi Iraq is ready to cooperate with Saudi Arabia and Russia to freeze on production to increase prices. Current situation The technical picture presents a slightly bearish tone. The price kept decreasing on Tuesday during the day. Brent found a support in the 106.50 region where the downward impulse faded and the price slightly rolled back. The 200-EMA stopped the oil prices downward movement. After touching the line the oil futures bounced off. The 200-EMA is neutral, the 50-EMA is pointing lower, the 100-EMA is still moving upwards. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The MACD remained at the same level which confirms the strength of sellers. RSI is approaching the oversold area. Trading recommendations If the price returns above 47.50 the Brent futures will continue its uptrend. Alternatively, Brent will decrease below 46.50. Nasdaq General overview US stocks grew on Tuesday after weak services data. Non-Manufacturing PMI report weighed on Forex market and fueled rally of riskier assets - including stocks. Current situation The index had a positive day on Tuesday. Nasdaq continued moving higher and approached record highs touched in mid-August. The price bounced from the 100-EMA in the 4 hours chart. The instrument is well above the moving averages now which are pointing higher. The resistance is seen at 4835, the support lies at 4800. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area.  Trading recommendations As long as market is holding above 4800 the upward pressure will continue towards 4835. S&P 500 General overview Wall Street opened higher after 3-day long week-end. The latest US data diminished prospects of Fed rate-hike in September. Current situation The index was neutral during the day and active in the North American session. The price fell below 2180 on the latest news. The downward momentum immediately faded and the S&P500 returned back to the mark where it started the day. The index broke the 50 and 100 EMAs and bounced upwards from the 200-EMA in the 4 hours chart. The resistance is seen at 2190, the support is at 2180. The MACD and RSI indicators remain within positive territory. Trading recommendations We consider only buying positions now. The buyers’ target is the level 2190.  *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 November 18, 2016 Author Report Share Posted November 18, 2016 18.11.2016 Euro General overview The Eurozone CPI for October matched the estimates while CPI monthly reading fell short-of expectations. The dollar slightly softened but remained onto fresh highs. The dollar continued getting support from market expectations for a December Fed rate-hike and possible improvements in economic growth. Current situation The market sentiment was negative on Thursday. The EUR/USD remained in a descending channel, close to its lower boundary. The price was quite during the Asian trades around recent lows at 1.0700. The euro bounced from 1.0700 and moved higher in the European session. The upward momentum ran out of steam when approached the level 1.0750, as a result the common currency moved back. The moving averages maintained their bearish slope in the 1 hour chart. The euro broke the 50-EMA and tested the 100-EMA in the same chart. The resistance is seen at 1.0750, the support could be found at 1.0700. The technical indicators maintained bearish momentum within negative territory. The MACD and RSI indicators continued consolidating within oversold levels. Trading recommendations A failure to hold above 1.0700 risks a slide to 1.0650. At the same time a further strengthening will not be possible until the pair breaks above 1.0750. Pound General overview The pound strengthened on the back of better-than-expected Retail Sales. Current situation The British currency was range-bound-to lower during the Asian hours on Thursday. The GBP/USD strengthened ahead of the Europe opening. The price spiked and tested the upper limit of the range. However the pair rolled back when the advance lost upward momentum. Prices bounced upwards from the 50-EMA in the 4 hours chart. The upward trajectory was stopped by the 200-EMA. The moving averages are still neutral. The current resistance is seen at 1.2500, the support is at 1.2400. The MACD histogram decreased which indicates the sellers’ strength. The RSI oscillator consolidated within negative area. Trading recommendations The pound needs fresh drivers to leave the current range. A break above 1.2500 will open the way towards 1.2550. A daily close below 1.2400 would risk 1.2350. Yen General overview The yen retreated from the daily highs after the BoJ’s decision to buy unlimited amount of JGBs. Current situation Fresh buying pressure around the U.S. dollar boosted USD/JPY to fresh highs. After refreshing highs at 109.76 prices rolled back and returned to the nearest support region. The pair was under pressure struggling hard with the 109.00 level to go lower on Thursday. The pair bounced from the support 109.00 and trended higher ahead of the NY opening. The price tested and bounced upwards from the 50-EMA in the 1 hour chart. The 50-EMA became a solid barrier which limited the dollar further weakness. All moving averages were pointing higher. The resistance can be found at 110.00, the support comes in at 109.00. MACD remained at the same level which confirms the strength of buyers. The RSI indicator was holding near overbought levels. Trading recommendations The overall outlook is neutral/bullish. A firm break below 109.00 handle would open the way towards 108.00. Nevertheless, we would be buying the pair until it stays above 109.00. AUD/USD General overview The Aussie edged lower on Thursday on the back of weaker jobs data. Current situation The AUD/USD slightly strengthened in the Asian session on Thursday. Prices were able to escalate to 0.7500 where a bid tone lost its legs. The price weakened and returned to opening prices in the mid-Asia. Sellers struggled with buyers to break the 0.7470 level during the European session. The AUD/USD pair finally broke the level ahead of the NY opening. After breaking 0.7470 the Aussie continued to lose its value. The pair remained well below the moving averages in the 4 hours chart. The moving averages extended their decline. The resistance is at 0.7470, the support can be found at 0.7435. The MACD histogram decreased which is a sell signal. RSI remained within oversold levels. Trading recommendations After a daily close below 0.7470 we could see the pair extending down to the 0.7435 region during the next days. XAUUSD General overview Gold prices gained on yesterday's trades when the dollar moved from the 14 years high. Besides, the markets took a breath awaiting for J.Yellen's testimony. Current situation Gold prices remained flat on Thursday. The trading range narrowed and prices traded between 1225 and 1230 dollars per ounce during the day. The yellow metal slightly grew from the lower limit of the range to its upper one. However its recovery stalled after testing the 1230 level. According to 1 hour chart the pair broke the 50-EMA and tested the 100-EMA. The 100-EMA slowed down the XAU/USD pair acting as a resistance. The 50-EMA is neutral in the mentioned timeframe while the 100 and 200 EMAs maintained their bearish slopes. The resistance is at 1230, the support comes in at 1220 dollars per ounce. MACD grew which indicates the sellers’ positions weakening. The RSI oscillator consolidated within negative levels. Trading recommendations A break above 1230 will suggest further extension towards 1240. Conversely, a strong breakdown and close below 1220 could send prices lower towards 1210 dollars per ounce. Brent General overview Oil prices turned higher on Thursday after Saudi Energy Minister Khalid al-Falih's testimony that he was optimistic over OPEC preliminary oil freeze deal which was reached in September. Current situation Brent had a positive day on Thursday. Bulls maintained control extending their near-term upward trajectory. A fresh buying interest around 46.50 pushed the benchmark higher. Oil prices rallied and reached the level 47.50 ahead of the NY session. The benchmark started the day between the 50 and 100 EMAs in the 4 hours chart. Brent futures were able to test the 100-EMA ahead of the New York session. The 50-EMA is neutral while the 100 and 200 EMAs kept moving lower. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel. The histogram grew which is a buy signal. RSI remained within overbought levels. Trading recommendations If Brent futures break 47.50 the level 48.50 may become an attractive target for bulls. DAX General overview European stocks traded higher focusing on Yellen's speech. The mining stocks added while the financial stocks were on the downside. South African Investec company jumped to 6-month high after its latest corporate earning report. Current situation The index gapped higher at the open on Thursday. Traders were unable to develop an upward trajectory which immediately faded after the gap. Prices turned lower and dropped to 10600 where they stayed before the North American session. The 50-EMA stopped the downward impetus rejecting prices upwards. The moving averages are neutral in the 4 hours chart. The resistance is seen at 10700, the support is at 10600. MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved downwards. Trading recommendations The DAX index will remain in bulls’ hands while the benchmark holds above 10600. Only a clear break below the level will ease the current bid sentiment. In this scenario sellers will lead prices to 10500. A failure to break the current support level will suggest an upward continuation towards 10800. S&P500 General overview Wall Street opened neutral awaiting for Federal Reserve Chair Janet Yellen's speech. Current situation After refreshing monthly highs at 2184 the index rolled back. S&P500 softened to the mark 2170 which stopped its decline. The index remained onto fresh highs staying between 1270 and 1280 on Thursday. The 1 hour chart showed that the price stayed around the 50-EMA which limited its downside extension. The moving averages maintained bullish slope. The resistance is seen at 2180, the support is at 2170. MACD decreased which indicates the buyers’ positions weakening. The RSI indicator was near overvalued territory. Trading recommendations A strong break and close above 2180 could send prices higher towards 2190. However, the benchmark is overbought and we do not exclude a large correction towards 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 May 1, 2017 Author Report Share Posted May 1, 2017 "Fort Financial Services"- fundamental and technical analysis. 02.05.2017 Euro  Current situation  The EUR/USD pair stayed around its local lows on Monday. The spot slightly weakened during the night trades. Sellers broke the 1.0900 support but failed to leave its region. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI pointed to a pull back. The resistance is at 1.0900, the support comes in at 1.0850.  Trading recommendations  The immediate risk is still clearly on the downside but we prefer to wait for a daily closing below 1.0850 before we continue selling. Pound  Current situation  The pound eased off from last week high as traders decided to book some profits. The major weakened to 1.2900 where the decline stalled. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI moved to the downside. The resistance lies at 1.3000, the support comes in at 1.2900.  Trading recommendations  A break below 1.2900 will show room for further downside. In this potential scenario sellers will push the spot to 1.2800. USD/JPY  Current situation  The pair held a bullish tone on Monday. A rebound from 111.20 lifted the spot out of the red. USD/JPY was growing the whole night and the morning. The pair approached 112.00 by noon. The technical indicators were positive. The 50-EMA crossed the 100-EMA upwards. MACD and RSI grew north. The resistance lies at 112.00, the support comes in at 111.00.  Trading recommendations  If the upward pressure persists a breakout of 112.00 would aim traders for 113.00. USD/CAD  Current situation  USD/CAD opened on a positive note on Monday. Buyers were driving the US dollar upwards the whole night and broke 1.3660 in the mid-Asian session. Buyers extended their gains up to 1.3686 afterwards where they lost steam. The spot stopped its advance and slightly eased. The technical indicators were positive. The resistance lies at 1.3680, the support comes in at 1.3610.  Trading recommendations  Above 1.3680, USD/CAD will likely target 1.3750 resistance. XAU/USD  Current situation  Gold failed to sustain Friday's recovery. The spot just tested 1270 and reversed its direction. The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance who stopped at the level struggling hard to break it through afterwards. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260 dollars per ounce.  Trading recommendations  A break below 1260 would open up the way for a move to 1250 dollars per ounce.  Brent  Current situation  Brent gapped higher at the open on Monday. However, bulls failed to maintain the bid tone. Brent oil prices remained in a tight range between 51.50 – 51.70. The EMAs pointed to the downside while MACD and RSI were neutral. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.  Trading recommendations  We expect to see renewed bearish pressure. After breaking 51.50 the level of 50.50 will come back to the radar.  NASDAQ  Current situation  NASADQ remained in an upward channel on Monday. The price bounced from its lower limit at the open and reversed all its Friday’s losses. The technical indicators were positive. The resistance lies at 5620, the support comes in at 5580.  Trading recommendations  We preserve our bullish views. We believe the next level to focus on is 5620.  *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, 2017 Author Report Share Posted August 16, 2017 "Fort Financial Services"- fundamental and technical analysis. 17.08.2017 Euro The euro continues to trade in negative ground. Sellers managed to lead the price to 1.1700 where they lost momentum for a while. After touching the level the single currency turned to the upside and recovered to 1.1750. As of writing, sellers are trying to return control now. They returned the spot to 1.1700 and are struggling with the level. The resistance resides at 1.1750, the support comes in at 1.1700. Sellers broke the ascendant trend line. They need to consolidate below it now. If the spot stays below 1.1750 the price will continue its downward momentum towards 1.1650. Pound The pound finally set its course after a week of directionless trades. The major left the range and headed south. Sellers reclaimed 1.2900 and posted a fresh low at 1.2844. The pound is likely to continue its slide today. The resistance lies at 1.2900, the support comes in at 1.2800. The GBP/USD pair now seems to be heading towards its immediate support near 1.2800. USD/JPY The upward trajectory lost steam around 111.00. Sellers seem to be guarding the level not allowing buyers to approach. The price stopped a few pips below the hurdle. The resistance lies at 111.00, the support comes in at 110.00. The technical picture presents a bullish tone. Once we break above 111.00, we think that the 112.00 level will be next. XAU/USD Gold continues to suffer the persistent weakness. The 1270 handle stopped sellers who are trying hard to reclaim the level now. The resistance exists at 1280, the support stands at 1270 dollars per ounce. If the 1270 level stands the price will recover to 1280-1285. If it falls the pair will extend its losses to 1260 dollars per ounce. [/b] Brent The downward momentum lost legs around 52.00 dollars per barrel. Fresh bids around the mark helped Brent to build on a correction. The price reclaimed 50.50 first and advanced to 51.22 after that. The resistance lies at 51.50, the support lies in at 50.50 dollars per barrel. Sellers broke the ascendant trend line and are trying to take some profit now. We do not believe in the current growth. It is most likely corrective. The benchmark is likely to return to 50.50 soon. DAX DAX had a positive morning on Wednesday. The index gapped upwards at the open and continued its rally afterwards. The benchmark broke 12200 and extended its gains up to 12300 during the first part of the day. The resistance lies at 12300, the support exists at 12200. The 12300 hurdle is the last sellers’ defense line. If it falls buyers may regain control and push DAX to 12450-12500.  *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 October 20, 2017 Author Report Share Posted October 20, 2017 "Fort Financial Services"- fundamental and technical analysis. 20.10.2017 Euro The euro extended its winning streak and grew to 1.1850 on Thursday. The major, however, failed to reclaim the level and bounced off fresh highs right after testing the hurdle. If buyers do not break above 1.1850 the spot may soften to 1.1800-1.1780. Pound The pound is heavily offered and continues its negative slide. Sellers pushed the spot from 1.3150 to 1.3100 during the night trades and tried to retake the level in the morning. A break below the handle shall open the way towards 1.3050. Yen USD/JPY managed to retake 113.00 and advanced beyond it. The pair posted a fresh high at 113.25 in the Asian session and remained above the handle afterwards. We expect to see a renewed buying pressure and move towards 113.50. Gold Buyers managed to neutralize selling pressure and pushed the spot to 1290. However, they did not regain the level and stepped away. Sellers used this chance and regained control. They pushed the price to 1280 and took a pause to gather more steam for the next leg lower. A move below 1280 will generate more negative signals and risks further weakening to 1270. Brent Brent oil prices left the short-term upward channel and edged lower. Sellers broke below 57.50 and pushed the benchmark to the 57-th figure. A firm break below the 57.00 handle could trigger fresh weakness for attack at 56.50.  *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 October 23, 2017 Author Report Share Posted October 23, 2017 "Fort Financial Services"- fundamental and technical analysis. 23.10.2017 Euro Buyers lost control over the market after touching 1.1850. The pair turned around after that and declined to 1.1750. A decisive break below 1.1750 could open the door towards 1.1700. Pound The overall picture remained negative. However, buyers could win some time when pushed the pound to the upper limit of the downward channel and broke the line. We do not believe in buyers’ strength and consider this growth corrective. The buying momentum will lose steam soon and sellers will regain control. Their primary target will be the 1.3100 level. Yen Buyers extended the upward trajectory and pushed the pair to 113.50 on Friday and continued their advance on Monday. The US dollar gapped upwards through the level and headed towards 114.00. To resume the uptrend, the spot has to break the resistance level at 114.00.  Gold Gold recovery stalled at 1290 where the pair faced some selling rejection. The yellow metal eased after that and declined to 1280 dollars per barrel. A bout of fresh selling interest emerged at the open. Gold gapped downwards and made a leg lower to 1275. If the selling pressure remains intact the XAU/USD pair may continue its slide to 1270. Brent Fresh bids around 56.50 helped Brent to get some traction. The benchmark bounced from the handle and rallied towards 57.50 which broke right after testing it. Buyers continued their advance after that and reached 57.90 where they spent the night and the morning on Monday. Brent could reverse more losses if it moves above 58.00 dollars per barrel.  *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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