"Fort Financial Services"- fundamental and technical analysi

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

"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

[ValdisFFS]

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

[ValdisFFS]

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