"Fort Financial Services"- fundamental and technical analysi

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

21.09.2016

Euro

General overview

The dollar weakened on Tuesday. Traders were cautious ahead of BoJ and Fed meetings.

Current situation

The pair tried to regain the level 1.1200, but failed. The euro bullish spike faded and the pair dropped below the level 1.1200. The 4 hours chart shows that the price briefly broke the 50, 100 and 200 EMAs and immediately rolled back. The EUR/USD was below the 200-EMA at the start of the North American session. The 50-EMA is crossing the 100-EMA downwards in the mentioned timeframe. The moving averages direction is downwards. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD remained at the same level which confirms the strength of sellers. RSI is within the negative territory.

Trading recommendations

The EUR/USD pair is neutral now. We recommend staying out of the market before the Fed meeting. The dollar may strengthen towards 1.1050 on the back of the Fed decision to raise the rates. Alternatively, the price will jump towards 1.1300.



Pound

General overview

The pound decreased and faced a new selling pressure. Buyers failed to hold above 1.3000 on the back of the weak dollar. There was not much to watch on the UK calendar on Tuesday.

Current situation

After a brief consolidation in the Asian session the price gave up its recent gains. The sterling was not able to sustain its growth and sharply fell below the psychological level 1.3000 during the European hours. Now the price is heading lower towards the next support at 1.2870. The price remained below the main moving averages which are all pointing lower. The current resistance is seen at 1.3000, the support exists at 1.2870.

MACD decreased which confirms the strength of sellers. RSI is in the oversold area.

Trading recommendations

The pair remains in red figures. The GBP/USD now seems to be heading towards its immediate support near 1.2870.



Yen

General overview

The yen preserved a neutral tone ahead of the US Federal Reserve and the Bank of Japan

Current situation

The price was able to recover and reversed some of its losses but remained in bearish territory. The USD/JPY was in the consolidation range between 102.00 and 101.40 on Tuesday. The quotes went back and forth within the range during the day. The instrument was struggling with the 50 and 100 EMAs which act as a resistance in the 4 hours chart. The moving averages are neutral. The resistance is at 102.50, the support comes in at 101.40.

MACD entered the negative area. MACD decreased which confirms the strength of sellers. RSI is within the neutral territory.

Trading recommendations

We preserve a short-term neutral outlook for the pair ahead of the BoJ and Fed meetings. If the price fixates below the support 101.40, it may continue the downward trend in the short term. The potential targets are 101.00 and 100.40. Should the pair recover ground and advance beyond the 102.50 level, the rally can extend in the short term up to 103.50.



USD/CAD

General Overview

The Canadian dollar got under pressure following oil prices decrease, when Venezuela stated the necessity to bring oil production down.

Current situation

The pair was positive and traded near the 6-week highs on Tuesday. After a short consolidation during the Asian hours buyers pushed the price higher. The moving averages extended their growth. The 50, 100 and 200 Day EMAs keep heading higher. The resistance is at 1.3200, the support comes in at 1.3100.

MACD remained in the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching overbought area

Trading recommendations

The pair is overbought and we do not exclude a downward correction right now. The price may decline towards the 1.3100 region where the 50-EMA stands. In the scenario, where buyers keep control over the market the USD/CAD will trend higher towards 1.3300.



XAUUSD

General overview

Gold was neutral on Tuesday as traders prepared for the U.S. and BoJ central banks meetings.

Current situation

Gold prices enjoyed a mixed session through trade on Tuesday. The price recovered during the Asian session and turned around in the European one. The pair came across a selling pressure near the resistance 1320, turned around and headed towards 1310. The XAU/USD bounced from the 50-EMA in the 4 hours chart. The moving averages kept heading lower. The resistance is at 1320, the support comes in at 1310 dollar per ounce.

MACD decreased which indicates the strength of sellers. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

If the Fed raises the rate as the most probable scenario, we consider further moving downwards towards the level at 1300. If the U.S. regulator keeps the rate unchanged the price will grow through 1320 towards 1330.



Brent

General overview

Venezuela statements about the necessity to cut the oil production by 10% weighed on the oil prices. Besides, oil futures decreased amid risk aversion in the market.

Current situation

After a brief pause during the Asian hours the crude oil prices faced a new downward pressure in the European session. Sellers were able to drive Brent futures lower. The instrument tested the level 45.30 but failed to go further. The lowest selling price was marked at 45.05. The 50 and 100 EMAs extended their declines and crossed the 200-EMA downwards. The 200-EMA is moving upwards. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD remained within negative territory which confirms the strength of sellers. RSI is approaching oversold area

Trading recommendations

We would be selling Brent only if the price drops below 45.30. Otherwise, the instrument may strengthen towards 46.50 - 47.00.



DAX

General overview

The DAX index traded higher on Tuesday. The growth of chemistry-related shares supported the European stocks.

Current situation

The price jumped in the Asian session on Tuesday. The DAX index traded near previous week high. The index seems to have found a decent resistance near the 10470 region. The 200-EMA limits its further growth. The instrument stopped a few pips below the line. The 50-EMA is crossing the 100-EMA downwards and is about to cross the 200-EMA in the 4 hours chart. The resistance is seen at 10520, the support lies at 10350.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory. The oscillator advanced north.

Trading recommendations

A move above 10470 will lead the price to 10520. A break above this level risks a further growth towards 10600. Alternatively, if we see a close below 10350 we will sell. Sellers’ targets are the marks 10250 and 10175.



S&P500

General overview

Wall Street opened higher on Tuesday. However, investors are cautious ahead of the Fed meeting that will conclude on Wednesday.

Current situation

The index remained neutral and traded mixed on Tuesday. The price grew in the Asian and the European sessions and turned around in the North American one. The 50, 100 and 200 Day EMAs extended their declines. The resistance is seen at 2150, the support is at 2140.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is neutral.

Trading recommendations

To trigger additional downward momentum towards 2130 the price needs to break the level 2140. We also cannot rule out the chance that the index would try to get to the level at 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.

22.09.2016

Euro

General overview

The BoJ decision to leave the rate unchanged did not impact the pair. The EUR/USD was unmoved during the European trade on Wednesday as investors remained cautious ahead of the Fed meeting results.

Current situation

The euro got under selling pressure during the Asian session on Wednesday. The lowest trading price was marked at 1.1120 (the lowest mark since August 21st). The price turned around and recovered back to the opening level – 1.1150 in the middle of the night session. The 50-EMA crossed the 100-EMA downwards and is crossing the 200-EMA now. All moving averages are heading south which confirms the sellers’ strength. The resistance is seen at 1.1150, the support stands at 1.1100.

MACD remained in the negative territory. RSI consolidated within the oversold area.

Trading recommendations

The pair will mostly depend on the US data on Wednesday. If the Fed changes the rates the price may decline further down towards 1.1100 and 1.1050. If the US Central Bank maintains its rates unchanged the euro may strengthen towards 1.1200 and 1.1250.



Pound

General overview

The pound weakened against the dollar despite the positive UK statistics on Wednesday. Traders waited for the Fed decision regarding the rates later the day.

Current situation

The pair seems to continue with the recovery in the European session on Wednesday. The price bounced off the boarder of the oversold zone. The sterling was able to erase some loses turning higher. The GBP/USD traded near 1.3000 in the middle of the European trade on Wednesday. The 50, 100 and 200 Day EMAs maintained their bearish slope. All moving averages keep heading lower. The current resistance is seen at 1.3000, the support exists at 1.2870.

MACD is negative which confirms the strength of sellers. RSI is in the oversold territory.

Trading recommendations

On the whole, the GBP/USD pair threatens further downside pressure. The pound may weaken on the back of the Fed decision regarding the rates. In this potential scenario, the price will fall towards 1.2870. Conversely, the quotes will continue with the recovery towards 1.3100.



Yen

General overview

The dollar strengthened despite the BoJ decision to keep the rates unchanged.

Current situation

The USD/JPY traded mixed on Wednesday. The price fell below 101.15 and then sharply rallied in the Asian session. The pair jumped towards the level 102.50 where it suffered a short lived downward movement. The price is struggling with the 101.40 level now. The USD/JPY remained below the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages show a moderately bearish slope. The resistance is at 101.40, the support comes in at 100.40.

MACD is negative which confirms the strength of sellers. RSI is in the oversold territory.

Trading recommendations

If the USD/JPY breaks the support 100.40 that should send this market looking for the 100.00 level. Otherwise, the price will grow towards 102.50 and 103.00.



AUD/USD

General Overview

The AUD/USD grew on the back of the oil prices growth.

Current situation

The pair had a positive day on Wednesday. After a brief consolidation the pair resumed its near-term bullish movement. The price has been growing for the third consecutive session. The AUD/USD stopped a few pips below 0.7600 in the European session. The instrument broke the 100 and 200 EMAs upwards in the 4 hours chart. Now these moving averages act as a support for the aussie. The 200 and 100 EMAs are neutral, the 50-EMA is pointing higher. The resistance is at 0.7600, the support comes in at 0.7540.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is within the overbought area.

Trading recommendations

A move above 0.7600 will trigger additional upward momentum. We believe that the price could escalate up to 0.7650.



XAUUSD

General overview

Gold futures grew to the one-week high when the BoJ announced new monetary policy measures.

Current situation

The XAU/USD retreated from the weekly low in the Asian session. The price rallied and was able to break the level 1320 dollar per ounce. The pair now seems to be heading towards its immediate resistance at 1330. The yellow metal broke the 50, 100 and 200 EMAs upwards in the 4 hours chart. The moving averages are turning upwards. The resistance is at 1330, the support comes in at 1320 dollar 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 approaching the overbought territory.

Trading recommendations

If the price overcomes 1330 we will neutralize our medium term negative outlook. Buyers may push the price towards the mark 1335. Alternatively, the XAU/USD falls below 1320 dollar per ounce.



Brent

General overview

Brent prices grew following a draw in U.S. crude inventories. Besides, the oil service worker strike in Norway threatens the oil output which supports the current oil prices rally.

Current situation

Oil prices gapped higher at the start of Wednesday. The price immediately jumped from 46.25 to 46.45 dollars per barrel. The crude oil remained close to the level 46.50 during the European trade on Wednesday. The price touched the bearish 50-EMA in the 4 hours chart. The 100-EMA is heading lower, the 200-EMA is moving upwards. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD remained within negative territory which confirms the strength of sellers. RSI is approaching oversold area

Trading recommendations

The Brent will mostly depend on the Crude Oil Stocks change report on Wednesday. A further draw in the inventories shall support the prices. Brent may continue its upward trajectory towards 47.50. On the other hand, a growth of inventories may weigh on the price which will fall below 46.50 dollars per barrel towards 45.30.



DAX

General overview

European stocks opened higher after the BoJ announcement its new monetary policy measures.

Current situation

The price gapped higher in the Asian session on Wednesday. The index jumped from 10400 to 10430. Buyers were able to extend a recovery towards 10520 where the upward momentum faded and the price rolled back. DAX shortly broke the 200-EMA upwards and immediately returned below the line. The 50-EMA is crossing the 200-EMA downwards in the 4 hours chart. The 50 and 100 EMAs are moving downwards, the 200-EMA is advancing north. The resistance is seen at 10520, the support lies at 10350.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the overbought area.

Trading recommendations

To trigger additional upwards momentum towards 10700 the price needs to break the level 10520. We cannot rule out the chance that DAX would return to 10350.



S&P500

General overview

Wall Street opened higher ahead of the Fed rate decision.

Current situation

The index opened higher on Wednesday. The price traded with slight gains. S&P500 was able to escalate up to the level 2150 during the European trades. The 50 and 100 EMAs are neutral, the 200-EMA maintained its bullish slope. The resistance is seen at 2150, the support is at 2140.

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.

Trading recommendations

To move higher the price needs to break the immediate resistance at 2150. Once we break above 2150, we think that the 2160 level will be next. A move below 2140 might force the index to resume its downward trajectory towards 2135.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

23.09.2016

Euro

General overview

The dollar weakened on the back of the Fed decision to maintain its rate unchanged.

Current situation

Despite the recent growth our outlook is still bearish. The price remained in the descending channel. The pair broke the 1.1200 level overnight and trended towards 1.1250 in the European session on Thursday. The moving averages (50, 100 and 200) narrowed and are neutral now. The resistance is seen at 1.1250, the support stands at 1.1100.

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 in the overbought area.

Trading recommendations

The price may roll back towards 1.1200 where it may turn around and presume its growth. Alternatively, if sellers are back in the game the EUR/USD pair will decrease towards 1.1150.



Pound

General overview

The pound is in demand due to the risk appetite growth and amid the dollar weakness across the board.

Current situation

The GBP/USD pair continued with the recovery on Thursday. The price had been growing the second session in a row. Buyers were able to lead the price upwards through 1.3000. The rally faded near the level 1.3100 where the pound had found a solid resistance. The sterling touched the bearish 50-EMA and bounced back. The 50, 100 and 200 EMAs maintained their bearish slope. The current resistance is seen at 1.3100, the support exists at 1.3000.

MACD is in the negative territory. MACD grew which confirms the sellers’ positions weakening. RSI bounced from the oversold area.

Trading recommendations

An uptrend will start as soon, as the pair rises above the resistance level 1.3100. A move below the 1.3000 support would suggest a resumption of the bearish trend.



Yen

General overview

The dollar softened against the yen when the American regulator made a decision to leave the rate unchanged
.
Current situation

The price sharply fell on Wednesday and remained under pressure on Thursday. The pair found a support at 100.40 where the downward pressure eased and the dollar was able to recover. The 50, 100 and 200 EMAs are turning downwards. The resistance is at 101.40, the support comes in at 100.40.

MACD is in the negative area. MACD decreased which confirms the strength of sellers. RSI is within the neutral territory.

Trading recommendations

If the price breaks the 100.40 level the next target for this pair will be the support level 99.50. We do not exclude a short-term correction towards 101.40.



NZD/USD

General Overview

The New Zealand dollar strengthened on the back of the RBNZ decision to keep the rate on hold. However, the Reserve Bank of New Zealand left the door open for November rate cut.

Current situation

The pair maintained its bullish trend. The price grew in the Asian session, the pair set a new weekly high at 0.7370. The NZD/USD decreased during the European hours on Thursday. The price traded above the 50, 100 and 200 EMAs which are pointing higher. The 50 and 100 EMAs provide a strong support for the price. The resistance is at 0.7320, the support comes in at 0.7250.

MACD is in the positive area. MACD grew which indicates the buyers’ strength. RSI is approaching overbought area.

Trading recommendations

The price may continue its uptrend. The level 0.7400 is the first buyers’ target. A decline below 0.7320 could indicate a start of a reversal in the uptrend.



XAUUSD

General overview

Gold prices strengthened amid a weak dollar. The dollar softened when the Fed held off on raising interest rates.

Current situation

Metal had a positive day and closed the day in green figures. Buyers broke the resistance 1330 dollar per ounce overnight. The growth slowed down and the price traded above 1330 on Thursday. The instrument headed away from the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs are turning upwards in the mentioned timeframe. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD is positive. The histogram grew which indicates the buyers’ strength. RSI is approaching overbought area

Trading recommendations

The XAU/USD pair might extend its growth towards 1340. In the event that the sellers manage to force the below 1330 the metal may decrease towards 1320 dollar per ounce.


Brent

General overview

The draw in the U.S. crude supplies supported Brent futures which have been growing for the third week in a row.

Current situation

Technically, the short term picture is modestly bullish. The price extended its growth above the level 46.50 on Thursday. Brent is currently struggling with 47.50 to grow further. The instrument touched the 200-EMA and left below the 50 and 100 EMAs. The 200-EMA is pointing higher, the 100 and 50 EMAs are heading lower. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel.

MACD entered the positive area. The histogram grew which indicates the buyers’ strength.
RSI is approaching overbought area.

Trading recommendations

As the most probable scenario, we consider further moving upwards towards the level at 47.50 dollars per barrel. A short-term roll back towards 46.50 is also possible.



DAX

General overview

European stocks extended their growth on Thursday after the Fed’s expected decision to put the rates on hold.

Current situation

DAX looks very bullish now. The price continued to advance north during the course of trades on Thursday. The index is approaching the resistance level 10700. The DAX index headed away from the moving averages in the 4 hours chart. The 50 and 100 EMAs are heading lower, the 200-EMA kept advancing north. The resistance is seen at 10700, the support is at 10520.

MACD entered the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching the overbought area.

Trading recommendations

The overall outlook remains bullish. A break above 10700 would open the way to 10900. DAX may slightly roll back in the Asian session to presume its growth on Friday.



NASDAQ

General overview

Wall Street opened higher after the Federal Reserve decision not to cut the rates in September.

Current situation

Bulls seem to have returned in the game. The index has been climbing upwards the second day in a roll. The price broke the level 4865 and slowed down. The 50-EMA is turning upwards. The 100 and 200 EMAs are neutral. The resistance is seen at 4900, the support is at 4865.

The histogram grew which indicates the buyers’ strength. RSI is in the overbought area

Trading recommendations

Technically, the short term picture is modestly bullish. A clear strength above the 4865 will pave way for a continuation of the NASDAQ upward trajectory towards 4900.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

26.09.2016

Euro

General overview

Germany published positive Manufacturing PMI from Markit on Friday. Despite the positive data the figures did not impact the pair.

Current situation

The near-term outlook is mixed for the pair. The EUR/USD consolidated its gains at 1.1200 during the European session on Friday. The euro rebounded from the level 1.1200 at the start of the American session. The 50, 100 and 200 EMAs are still neutral. The resistance is seen at 1.1250, the support stands at 1.1100.

MACD remains within the positive territory. RSI is consolidating near the overbought area.

Trading recommendations

A bullish continuation through 1.1250 should lead to a continued growth, with 1.3000 as the first probable target. A move below 1.1200 should send the price towards 1.1150.



Pound

General overview

The dollar strengthened against the pound on Friday. However, its growth is limited as the Fed’s decision to leave rates unchanged keeps weighing on the dollar.

Current situation

Cable remained under pressure on Friday. Its attempt to recover met a bearish resistance at 1.3100 where the price reversed and moved south. The price broke the level 1.3000 on its way downwards. The 50, 100 and 200 EMAs accelerated their declines. All moving averages kept heading lower. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. RSI approached the oversold area.

Trading recommendations

All eyes are right now at the mark 1.2950. A cut through here will turn attention to the 1.2900 level. On the other side, buyers will try to break the mark 1.3050. If they succeed the price will trend towards 1.3100.



Yen

General overview

The USD/JPY recovered on the news that the BoJ could interfere. Bedsides, the yen was in demand as stocks were cautious after the recent Fed and BoJ’s statements and preferred safe-assets.

Current situation

The price traded close to the level 101.40 on Friday. The USD/JPY slightly retreated from the recent high and moved down. The price touched the 50-EMA and bounced from it in the 4 hours chart. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance is at 101.40, the support comes in at 100.40.

MACD decreased which confirms the strength of sellers. RSI is close to the oversold area.

Trading recommendations

A strong breakdown and close below 100.40 could send prices lower towards 99.50. However, the instrument is oversold and we do not exclude a correction towards 101.40.



USD/CAD

General Overview

Commodity currencies are under pressure due to oil prices decrease and dollar strengthening.

Current situation

The pair continued with a recovery on Friday. The price bounced from the weekly low at 1.3000 and moved north towards 1.3200. However, the growing momentum faded around 1.3150. The price stopped growing and began consolidating its gains. The USD/CAD pair broke the 50, 100 and 200 Day EMAs on its way upwards. The 50-EMA acts as a support for the price now. The moving averages are neutral in the 4 hours chart. The resistance is at 1.3200, the support comes in at 1.3100.

The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.

Trading recommendations

Despite the recent growth the pair is under pressure. If buyers have strength they will lead the price towards 1.3200. In the event that the sellers manage to force the below 1.3100 the price will trend towards 1.3000.



XAUUSD

General overview

Gold prices retreated from the recent high after a sharp rally the day before. The expected Fed’s decision to put rates on hold supported the metal.

Current situation

The price spent the day in a consolidation close to the recent high at 1340. Traders closed their long positions after a rally. The XAU/USD is still in green figures. The metal remained above the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs are turning upwards. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD remained at the same level which confirms the strength of buyers. RSI is within the overbought area.

Trading recommendations

If the price makes another attempt and this time breaks above the 1340 resistance area then we could see its further growth towards 1350. If traders keep cutting long positions the price may roll back towards 1330.



Brent

General overview

Brent fell at close of Friday trade. Oil prices weakened when it became known that Saudi Arabia did not expect the world leading crude exporters to reach an agreement at the meeting in Algeria.

Current situation

Oil prices enjoyed a mixed session of Friday. The price fell in the Asian session, and then turned around in the European one. Brent almost reached the level 48.50 when it again reversed and sharply fell through 47.50 and 46.50. Prices stopped close to the support 45.30. Crude oil bounced from the 200-EMA and fell below the 50 and 100 EMAs which headed south. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD decreased which indicates the buyers’ positions weakening. RSI is approaching overbought area.

Trading recommendations

The next target for Brent might be the support level of 45.30. The second target lies at 44.30.



DAX

General overview

European stocks decreased despite the positive statistics in Germany and France.

Current situation

DAX retreated from the level 10700 on Friday. This was a technical rebound as traders were cutting their long positions to fixate their gains. The price approached the 100-EMA in the 4 hours chart. The 50-EMA broke the 100 and 200-EMAs downwards. The 100 and 200 EMAs are moving upwards, the 50-EMA is still heading south. The resistance is seen at 10700, the support is at 10520.

MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought territory.

Trading recommendations

DAX my extend its correction and approach the level 10520. If the level holds the index will bounce upwards towards 10700. Should the price break the level 10520 downwards and sellers will push it towards the 10400 – 10350 region.



S&P500

General overview

The Oil & Gas and Industrials sectors losses weighed on the American stocks on Friday.

Current situation

The index erased its previous gains and retreated from the weekly high at 2172. The price broke the level 2165 on its way down and headed towards 2150. S&P500 bounced from the 200-EMA and moved downwards. The price broke the 100-EMA and is approaching the 50-EMA in the 4 hours chart. The 200-EMA is neutral, the 50 and 100 EMAs are pointing lower. The resistance is seen at 2165, the support is at 2150.

MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought territory.

Trading recommendations

We are looking for the 2150 support break and then continuation of a fall with a further target at 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.

27.09.2016

Euro

General overview

The euro strengthened on the back of the strong Germany statistics. The euro/dollar stayed in a narrow range amid a risk aversion on Monday.

Current situation

The euro preserved its positive near-term tone on Monday. The pair kept recovering after bouncing from the level 1.1200. The price approached the 1.1250 level in the middle of the European trades and broke it at the start of the North American session. The 50, 100 and 200 EMAs are still neutral. All lines act as a support for the quotes. The resistance is seen at 1.1300, the support stands at 1.1250.

The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.

Trading recommendations

A clear break above the level 1.1250 will indicate growing buyers’ strength. Buyers will lead the price towards the closest resistance at 1.1300.



Pound

General overview

The dollar remained under pressure against its major rivals as stocks kept digesting the latest Fed’s decision. Moreover, traders were cautious ahead of U.S. Presidential Debates.

Current situation

The downward pressure persisted on Monday. The GBP/USD pair erased all its Friday’s gains and sharply fell from the local high towards the next support at 1.2900. The price stuck in post-Brexit short-term consolidation. The 50, 100 and 200 EMAs maintained its bearish slope and extended their declines in the 4 hours chart. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD decreased which confirms the strength of sellers. RSI consolidated within the negative territory.

Trading recommendations

If the pressure persists the GBP/USD may extend its downward trajectory. The nearest target remains the support level 1.2900, the second target is at 1.2800.



Yen

General overview

The yen strengthened as a safe asset amid a risk aversion. The BoJ chief Kuroda's words that the regulator was ready to implement additional measures to boost inflation failed to limit the growth of the yen.

Current situation

The risk-off sentiment supported the demand for the yen. The price slid downwards from the Asian high at 101.00 towards the immediate support at 100.40 where the downward pressure faded. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower in the 4 hours chart. The resistance is at 101.40, the support comes in at 100.40.

The indicators continued heading south within negative territory. MACD remained at the same level which confirms the strength of sellers. RSI remained above the oversold area.

Trading recommendations

The overall outlook remained bearish. A close below 100.40 will trigger losses to the 100.00 level. If the support holds the USD/JPY may bounce towards 101.40.



AUD/USD

General Overview

The Aussie was neutral against the U.S. dollar on Monday despite the recent pressure after oil prices decrease.

Current situation

AUD/USD tested the support of the price channel in the 4-hours chart during the Asian trades on Monday. After testing the channel lower boundary the price bounced upwards and headed towards 0.7650. The 4 hours chart shows that the 50-EMA crossed the 100 and 200 EMAs upwards. The 100-EMA is crossing the 200-EMA in the same chart. All moving averages headed north. The resistance is at 0.7650, the support comes in at 0.7600.

MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI remained neutral.

Trading recommendations

As long as the level 0.7600 holds the price is expected to trend upwards. The level 0.7650 is the first buyers’ target. A strong breakdown and close below 0.7600 could send prices lower towards 0.7540.



XAUUSD

General overview

Gold prices showed mixed trades on Monday. Traders took wait-and-see mode before Presidential debates between Hillary Clinton and Donald Trump.

Current situation

Gold prices traded mixed on Monday. The quotes stayed in a tight range between 1332 and 1340 dollar per ounce. After rolling back the price again tried to overcome 1340. However, the pair got under selling pressure on any up-move towards the mark. The 50-EMA is crossing the 100 and 200 EMAs in the 4 hours chart. The moving averages direction is upwards. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD is in the positive area. RSI consolidated close to the overbought area.

Trading recommendations

If the price overcomes 1340 dollar per ounce we will neutralize our medium term negative outlook. Once we break above the 1340 level, we think that the 1350 level will be next.



Brent

General overview

Oil prices recovered on Monday after last week decrease. Investors are weighing up the possibility of a potential coordinated output freeze agreement among the OPEC members.

Current situation

Oil prices remained within a descending channel. A bearish tone prevailed in the 4 hours chart. Brent spent the Asian session in a tight range between 45.80 and 46.50. The price got under buying pressure in European trade on Monday. However, the bullish spike faded at the mark 47.00. The quotes are in-between the bearish 50 and 100 EMAs in the 4 hours chart. The 200-EMA is moving higher in the mentioned timeframe. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

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 remained within neutral territory.

Trading recommendations

Brent might extend its recovery towards 47.50. A break above 47.50 would open the way to 48.00. In the event that the sellers manage to force the below 46.50 the quotes will dip towards 45.30.



DAX

General overview

European stocks opened lower on Monday as financial and energy-related stocks weighed on the shares.

Current situation

The index gapped downwards from 10587 to 10576 in the Asian session on Monday. The price maintained its bearish tone during the European hours. DAX moved towards the immediate support at 10350 at the open of the North American session. The price broke through the 50, 100 and 200 EMAs in the 4 hours chart and advanced from them. The 50-EMA direction is downwards, the 100 and 200 EMAs are heading north. The resistance is seen at 10520, the support is at 10350.

MACD decreased which indicates the strength of sellers. RSI moved towards the oversold area.

Trading recommendations

The 10350 level remains the key support area to watch for. A clear break below the level will trigger the next leg of move for the index. The level 10250 is the next sellers' target. We do not exclude a correction towards 10450.



NASDAQ

General overview

Wall Street opened lower on Monday on the back of the first debate between U.S. presidential candidates Hillary Clinton and Donald Trump.

Current situation

The index got under selling pressure from the very beginning of the day. Sellers pushed the price towards the 4800 region through 4835. The 50-EMA stopped the downward movement. The 50-EMA accelerated its growth. The 100 and 200 EMAs maintained its moderate bullish slope. The resistance is seen at 4835, the support is at 4800.

MACD decreased which confirms the strength of sellers. RSI reached the oversold area.

Trading recommendations

We expect a short-term correction and a continuation of the downward momentum. The level 4800 is the next sellers’ target. In case of a recovery the price will grow towards 4850.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

[ValdisFFS]

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"Fort Financial Services"-ежедневные аналитические обзоры

28.09.2016

Технический анализ

Евро

Общий обзор

Американская валюта оставалась стабильной к евро после того, как несколько улучшились настроения к доллару после телевизионных дебатов между Хиллари Клинтон и Дональдом Трампом, претендующих на пост президента США. Стоит отметить, что рынок восстанавливается от решения регулятора сохранить без изменений действующую монетарную политику.

Текущая ситуация

Цена пробила сопротивление 1.1250 и продолжила северное движение на европейской сессии вторника. Однако восходящий импульс быстро угас и пара вернулась в привычный диапазон ниже уровня 1.1250. Продавцы снизили цену к отметке 1.1200 в начале американской сессии. Пара приближается к скользящим средним на 4-х часовом графике. 50-ЕМА, 100-ЕМА и 200-ЕМА демонстрируют умеренно бычий уклон. Сопротивление находится на 1.1250, поддержка – на 1.1200.

MACD снизился. RSI отходит от зоны перекупленности.

Прогноз развития ситуации

Пробой ближайшего сопротивления позволит цене продолжить восходящее движение. Основные цели покупателей расположены на отметках 1.1280 и 1.1300. Не исключена вероятность снижения пары EUR/USD в область 1.1200. Если инструмент EUR/USD преодолеет этот уровень, продавцы смогут снизить цену к уровню 1.1150.



Фунт

Общий обзор

Английская валюта торговалась под давлением на фоне снижения цен на нефть, реагирующих на комментарии стран ОПЕК на неформальной встрече в Алжире. Как стало известно, министр нефти Ирана предполагает лишь обмен мнениями на данной встрече.

Текущая ситуация

Интерес к покупкам был краткосрочным и угас несколькими пунктами выше уровня 1.3200. Цена резко упала от сессионным максимумов, вернулась ниже этого уровня и оставалась во флэте, ограниченном уровнями 1.3200 и 1.2940 в течение дня. Инструмент GBP/USD расположен ниже скользящих средних. 50-ЕМА, 100-ЕМА и 200-ЕМА сохранили свое нисходящее движение. Сопротивление расположено на 1.3000, поддержка – на 1.2900.

MACD расположен в отрицательной зоне. Гистограмма осталась на прежних уровнях, что говорит об усилении позиций продавцов. RSI расположен в нейтральной зоне. Осциллятор направляется на юг.

Прогноз развития ситуации

Если пара GBP/USD останется в отрицательной зоне, продавцы предпримут новую попытку пробить вниз уровень 1.2900. Тем временем рекомендуется воздержаться от торговли сейчас. Можно ожидать продолжения торгов в боковом диапазоне в ближайшие часы.



Иена

Общий обзор

Японская валюта окрепла паре с долларом США после заявления главы BoJ о том, что регулятор готов применить все средства для достижения уровня инфляции в 2%, в том числе и стимулирующие меры.

Текущая ситуация

После тестирования области сопротивления 100.00 цена отскочила и несколько восстановилась. Восходящий импульс угас в районе 101.00, где цена развернулась вниз. USD/JPY резко снизилась и нивелировала все предыдущие достижения. Пара может предпринять еще одну попытку пробить уровень 100.40. 4-х часовой график демонстрирует, что цена попала под давление в области 50-ЕМА. Все скользящие средние продолжают снижаться на том же графике. Сопротивление расположено на 101.40, а поддержка в области 100.40.

MACD оставался на прежних уровнях, что говорит об усилении позиций продавцов. RSI консолидируется в отрицательной зоне.

Прогноз развития ситуации

В ближайшей перспективе пара может сформировать консолидацию выше области поддержки 100.00. Можно ожидать новой попытки пробоя уровня 100.00.



NZD/USD

Текущая ситуация

Восстановление прошлой неделе было остановлено в районе 0.7320. Восходящий импульс угас, и цена отошла от сессионных максимумов. Теперь NZD/USD направляется к поддержке 0.7250. 50-ЕМА и 100-ЕМА выступают сильной поддержкой для пары. 50-ЕМА, 100-ЕМА и 200-ЕМА нейтральны. Сопротивление расположено на 0.7320, поддержка – на 0.7250.

MACD расположен в отрицательной зоне. Гистограмма выросла, что говорит об ослаблении позиций продавцов. RSI расположен в нейтральной зоне. Осциллятор направляется в южную сторону.

Прогноз развития ситуации

Пара остается под давлением и по ней сохраняется медвежий настрой. Для цены довольно затруднительно подняться выше уровня 0.7320. Наиболее вероятным сценарием считается дальнейшее нисходящее движение с таргетом на отметке 0.7220.



Золото

Общий обзор

Фьючерсы на золото торговались под давлением во вторник, так как спрос на доллар несколько вырос после того, как Хиллари Клинтон на телевизионных дебатах завоевала больше симпатий, нежели ее соперник Дональд Трамп.

Текущая ситуация

Восстановление инструмента XAU/USD приостановилось и котировки попали под давление во вторник. Цены на золото упали к уровню 1330, где нисходящее движение замедлилось. Пара оставалась под давлением в начале американской сессии. Драгметалл должен преодолеть 50-ЕМА для дальнейшего движения. 50-ЕМА, 100-ЕМА и 200-ЕМА демонстрируют умеренный бычий уклон на 4-х часовом графике. Сопротивление расположено на 1340, поддержка – на 1330 долларов за унцию.

Гистограмма снизилась, что говорит об ослаблении позиций покупателей. RSI расположен в нейтральной зоне.

Прогноз развития ситуации

Давление на драгметалл, скорее всего, сохранится. Пробой отметки 1330 откроет путь в область 1320.



Нефть Brent

Общий обзор

Снижение котировок «черного золота» во вторник стало набирать обороты, этому способствовали комментарии представителей нефтедобывающих стран, которые собрались в Алжире для решения вопросов «заморозки» производства нефти.

Текущая ситуация

Во вторник цены на нефть оставались под давлением. Попытка роста оказалась безуспешной, продавцы вернулись на рынок. Цена упала от недельных максимумов в районе 47.50 к отметке 46.50 долларов за баррель. После пробоя уровня 46.50 цены на нефть марки Brent продолжила терять позиции до отметки 45.95. Цены на сырую нефть не смогли преодолеть 200-ЕМА в восходящем направлении. Цены развернулись и упали, пробив 50-ЕМА и 100-ЕМА. 50-ЕМА и 100-ЕМА направлены вниз. 200-ЕМА сохраняет бычий уклон. Сопротивление расположено на 46.50, а поддержка – на 45.30 долларов за баррель.

MACD расположен на нулевом уровне. Если гистограмма войдет в положительную зону, что укажет на усиление позиций покупателей. Если MACD вернется в отрицательную зону, контроль над рынком вернется к продавцам. RSI направляется в южную сторону.

Прогноз развития ситуации

Можно ожидать, что цены на нефть марки Brent продолжит снижение в область 45.30. Если эта отметка будет достигнута, может быть отмечено дальнейшее движение в область 44.30.



Индекс DAX

Общий обзор

Во вторник европейские фондовые индексы откатили от минимума одной недели, повторяя динамику на азиатской сессии, когда спрос на акции вырос после победы Хиллари Клинтон на первых президентских дебатах в Америке.

Текущая ситуация

По индексу DAX во вторник сохранялись медвежьи настроения. Цена снижалась весь день и нашла поддержку в области 10250 на американской сессии. После тестирования этого уровня котировки откатили к ближайшей поддержке 10350. 50-ЕМА и 100-ЕМА продолжили снижение на 4-х часовом графике. 200-ЕМА направлена вверх. Сопротивление расположено на 10350, поддержка – на 10175.

MACD снизился, что указывает на усиление позиций продавцов. RSI расположен в зоне перепроданности.

Прогноз развития ситуации

Цена может восстановиться в район 10450, где проходит 50-ЕМА. После достижения этой области индекс может развернуться. Не исключено, что индекс DAX предпримет новую попытку пробоя уровня 10250.



Индекс S&P500

Общий обзор

Во вторник фьючерсы на индексы Уолл-стрит открылись ростом, так как подъем технологического сектора перекрыл потери энергетического. Инвесторы так же ожидали во вторник отчет о прибыли компании Nike.

Текущая ситуация

Индекс S&P500 оставался под давлением во вторник. S&P500 краткосрочно снизился и обновил недельный минимум в области 2132. Цена развернулась и направилась в район 2150. Котировки отскочили от 50-ЕМА на 4-х часовом графике. 50-ЕМА, 100-ЕМА и 200-ЕМА продолжили снижение. Все скользящие средние направлены вниз. Сопротивление у индекса на 2150, поддержка на 2140.

Индикатор MACD расположен на нулевом уровне. Если гистограмма войдет в положительную зону, что укажет на усиление позиций покупателей. Если MACD вернется в отрицательную зону, контроль над рынком вернется к продавцам. RSI нейтрален.

Прогноз развития ситуации

Рекомендуем воздержаться от торгов. Ожидаем боковой торговли в ближайшие дни.



* Аналитический обзор представлен ведущим аналитиком брокера Fort Financial Services ,Александром Кофманом.

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

28.09.2016

Euro

General overview

The EUR/USD traded neutral on Monday as the market sentiment improved after the Presidential debates in the USA. The dollar is still recovering after the Fed decision to leave the rate unchanged.

Current situation

The price broke the resistance 1.1250 and headed north in the European session on Tuesday. However, the upward momentum shortly faded and the quotes returned into the familiar range below 1.1250. Sellers pushed the price lower towards 1.1200 at the start of the North American session. The pair is approaching the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs present a moderately bullish slope. The resistance is seen at 1.1250, the support stands at 1.1200.

MACD decreased. RSI is drifting away from the overbought area.

Trading recommendations

A break above the immediate resistance will trigger the next leg of an upward move for the pair. The main buyers' goals are the marks at 1.1280 and 1.1300. We cannot rule out the chance that the EUR/USD pair will fall to 1.1200. Should the EUR/USD overcome the level and sellers will lead the price to 1.1150.



Pound

General overview

The pound is under pressure due to oil prices decrease.

Current situation

The buying interest was short-lived and faded a few pips above 1.3200. The price sharply fell from the session high, returned below the level and remained flat between 1.3200 and 1.2940 during the day. The GBP/USD pair is well below the moving averages. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. MACD remained at the same level which confirms the strength of sellers. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

If the GBP/USD pair remains within the negative territory sellers will make another attempt to break below 1.2900. Meanwhile, we prefer to stay neutral for now. We expect further sideways trades in the coming hours.



Yen

General overview

The yen strengthened after Haruhiko Kuroda’s words. According to Kurodа the regulator was ready to use every available tool to achieve its 2% inflation. The Central Bank is also ready to implement additional stimulus measures if needed.

Current situation

After testing 100.00 support zone the price bounced off and slightly recovered. The upward momentum faded at 101.00 where the price turned around. The USD/JPY sharply fell and erased all its previous gains. The pair seems to be making another attempt to break the level 100.40. The 4 hours chart shows that the price met a selling pressure around the 50-EMA. All moving averages keep heading lower in the in the same chart. The resistance is at 101.40, the support comes in at 100.40.

MACD remained at the same level which confirms the strength of sellers. RSI is consolidating within the negative territory.

Trading recommendations

Our near term scenario is a consolidation above the 100.00 support zone. We expect other attempts to break the 100.00 mark.



NZD/USD

Current situation

Last week recovery was stopped at 0.7320. The upward momentum faded and the price retreated from the session high. Now the NZD/USD seems to be heading towards the immediate support at 0.7250. The 50 and 100 EMAs provide a strong support for the pair. The 50, 100 and 200 EMAs are neutral. The resistance is at 0.7320, the support comes in at 0.7250.

MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

The pair is under pressure and we preserve our bearish outlook. The price has difficulties to go higher 0.7320. As the most probable scenario, we consider further moving downwards towards the mark at 0.7220.



XAUUSD

General overview

Gold prices traded lower on Tuesday as markets decided that Hillary Clinton won the first U.S. presidential debate on Monday.

Current situation

The early XAU/USD recovery stalled and the quotes got under selling pressure on Tuesday. Gold prices dropped to the level 1330 where the downward movement slowed down. The pair remained under pressure at the start of the North American session. The metal seems to be struggling with the 50-EMA to go further. The 50, 100 and 200 are moderately bullish in the 4 hours chart. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

The histogram decreased which indicates the buyers’ positions weakening. RSI is within the neutral territory.

Trading recommendations

We believe the pressure will persist. A break below 1330 would open the way to 1320.



Brent

General overview

Oil prices decreased on Tuesday as hopes of an agreement among the OPEC members faded.

Current situation

Oil prices remained under pressure on Tuesday. A recovery attempt failed, sellers are back in town. The price dropped from the weekly high at 47.50 to 46.50 dollars per barrel. After breaking the level 46.50 Brent extended its losses towards 45.95. Crude oil prices were not able to break the 200-EMA upwards. The price turned around and fell through the 50 and 100-EMAs. The 50 and 100 EMAs are pointing lower. The 200 EMA maintained a bullish slope. The resistance is at 46.50, the support comes in at 45.30 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 heading south.

Trading recommendations

Brent is expected to extend its decline towards 45.30. Should this mark be reached successfully, a further extension towards 44.30 could be observed further.



DAX

General overview

European stocks traded lower on Tuesday following the news of Hillary Clinton's victory over Donald Trump in the presidential debate.

Current situation

DAX maintained its bearish tone on Tuesday. The price was declining the whole day and found a support around 10250 in the North American session. After touching the mark the quotes rolled back towards the nearest resistance at 10350. The 50 and 100 EMAs kept heading lower in the 4 hours chart. The 200-EMA direction is upwards. The resistance is seen at 10350, the support is at 10175.

The MACD histogram decreased which indicates the sellers’ strength. RSI is in the oversold area

Trading recommendations

The price may recover to the 10450 region where the 50-EMA exists. After reaching the region the index may turn around. Conversely, DAX may make another attempt and this time break below 10250.



S&P500

General overview

Wall Street traded higher on Tuesday when a growth in technology sector reduced losses in energy stocks.

Current situation

S&P500 remained under pressure on Tuesday. The index shortly decreased and refreshed the weekly low at 2132. The price turned around after that and moved towards 2150. The quotes bounced from the 50-EMA upwards in the 4 hours chart. The 50, 100 and 200 EMAs extended their decline. All moving averages are heading lower. The resistance is seen at 2150, the support is at 2140.

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.

Trading recommendations

We prefer to stay neutral for now. We expect further sideways trades in the coming days.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

29.09.2016

Euro

General overview

The euro reversed some of its losses due to concerns over the Eurozone economy state.

Current situation

The EUR/USD enjoyed a mixed session through trade on Wednesday. The price went back and forth around 1.1200. The euro was under pressure the first part of the day, but was able to recover at the start of the North American session. The price made an attempt to break the 50, 100 and 200 EMAs in the 4 hours chart. The break was short-lived and the price returned above them. The moving averages are neutral. The resistance is seen at 1.1250, the support stands at 1.1200.

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.

Trading recommendations

The short-term picture is quite mixed. The further downward movement is limited by the support 1.1200. If the EUR/USD pair makes another attempt and this time breaks below the level the price may fall towards 1.1150. The nearest bulls' target is the immediate resistance at 1.1250.



Pound

General overview

Shafik’s dovish comments (the BOE deputy) weighed on the pound. According to the deputy more stimulus may be required in the nearest time. Besides, the regulator is ready to expand its asset purchase program if needed.

Current situation

The trend is objectively bearish. Sellers have the ball and do not want to give up their positions. The pair showed low volatile trades on Wednesday. The price stayed around 1.3000 waiting for new drivers. An attempt to grow was stopped by the bearish 50-EMA. The price is struggling with the 50-EMA to grow further. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. MACD grew which indicates the sellers’ positions weakening. RSI is heading towards the overbought area.

Trading recommendations

The overall outlook remains bearish, for a decline towards 1.2950 support zone. A recovery towards 1.3100 is also possible.



Yen

General overview

The dollar rose on Wednesday due to profit fixation and was supported by the positive sentiment after the election debates.

Current situation

The pair had a neutral day on Wednesday. The dollar made an attempt to recover which was stopped at 100.80. The price spent the day a few pips above the current support – 100.40. The 50-EMA stopped the correctional growth. The price touched the line and slightly rolled back. The 50, 100 and 200 EMAs present a strong bearish slope. All moving averages kept heading lower. The resistance is at 101.40, the support comes in at 100.40.

MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory.

Trading recommendations

We are looking for the 100.40 support break and then continuation of a fall with a further target at 100.00.



USD/CAD

Current situation

The pair remains in the upward channel, close to its lower limit. However, the upward momentum seems to have run out of steam. An attempt to extend an upward trajectory appeared short-lived. The price stopped a few pips above 1.3200. The USD/CAD remained above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages accelerated their growth. The resistance is at 1.3000, the support comes in at 1.3200.

MACD remained in the positive area. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is within the neutral territory.

Trading recommendations

The USD/CAD pair is overbought. We expect a short-term downward correction. The price may decrease towards 1.3140 where the 50-EMA resides. Conversely, the pair will extend its upward trajectory towards 1.3280 - 1.3300.



XAUUSD

General overview

Gold futures got under pressure after the first U.S. presidential debates as demand for the safe-assets diminished.

Current situation

The XAU/USD pair had a negative day on Wednesday. The price remained under pressure and extended its decline. Sellers were able to push the price lower from 1326 to 1322. The downward momentum stalled above the support 1320. In the 4 hours chart the 50, 100 and 200 EMAs are turning downwards. The resistance is at 1330, the support comes in at 1320 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI approached the oversold area

Trading recommendations

If the level 1320 holds gold prices may develop an upward correction. In this potential scenario we will see the price move towards 1330-1335. If this support will break, the quotes may fall that should send this market looking for the 1310 level.



Brent

General overview

Brent prices strengthened on Wednesday on stockpile data. Investors waited for the OPEC meeting outcome.

Current situation

After a short consolidation during the Asian hours Brent returned to a growth. After breaking the level 46.50 the price rallied towards 47.50 dollars per barrel. However, the bullish spike appeared a short-lived and the quotes returned below 46.50. The overall picture is bearish. Brent tested the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are neutral, the 200-EMA is pointing higher. The resistance is at 47.50, the support comes in at 46.50 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.

Trading recommendations

If the price consolidates above 46.50 the price may extend its recovery. The level 47.50 is the first target. A clear break above the level will open the way towards 48.50. To trigger a downward movement the quotes need to return below 46.50 dollars per barrel.



DAX

General overview

European stocks were broadly higher on Wednesday on the back of mining and energy-related stocks strengthening. Moreover, investors waited for major oil producers’ meeting outcome.

Current situation

DAX was stronger on Wednesday and traded near the local high. The price extended its recovery and reached the 10520 resistance region. After reaching the level DAX slightly rolled back and erased some of its latest gains. The instrument broke the 50-EMA and tested the 200-EMA in the 4 hours chart. The 50 and 100 EMAs are heading lower, the 200-EMA is moving north. The resistance is seen at 10520, the support is at 10350.

The histogram grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area.

Trading recommendations

The price is struggling with the resistance 10520 to go further. Besides, the 200-EMA stands on its way upward. The DAX index needs to break this barrier to strengthen further. Otherwise, the index will return to a decline.



NASDAQ

General overview

Wall Street traded flat at the open of the North American session. Investors waited for Yellen’s speech and the OPEC producers’ meeting outcome.

Current situation

The index started its Wednesday’s trade in a flat. The price consolidated its gains after the rally the day before. NASDAQ spent the day near 4865, the quotes were moving back and forth around the level. The price is hovering above the 50-EMA. The 50, 100 and 200 EMAs are moving higher. The resistance is seen at 4865, the support is at 4835.

MACD is in the positive area. The histogram grew which is a buy signal. RSI is approaching the overbought area.

Trading recommendations

The price may slightly pull back to 4835. If the upward pressure continues the index will grow further. The mark 4890 is the next 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.

30.09.2016

Euro

General overview

The latest U.S. statistics revived hopes for a rate hike by the Fed till the end of the year. The euro weakened on the back of the weak Unemployment Change report in Germany.

Current situation

The EUR/USD pair found a support around 1.1200 and traded modestly flat on Thursday. The price remained inactive between 1.1200 and 1.1230 during the European trade. The moving averages (50, 100 and 200) are still neutral. The resistance is seen at 1.1250, the support stands at 1.1200.

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.

Trading recommendations

In the event that the sellers manage to force the below 1.1200 the price will move towards 1.1150. However, we consider that scenario as an alternative. We expect a further growth towards 1.1250.



Pound

General overview

The pound weakened on Thursday despite the positive UK data. The latest Yellen’s comments supported the dollar.

Current situation

The pound was able to extend its recovery at the start of the day and set a daily high at 1.3050. However, the pair was not able to hold its gains and decreased back to the 1.3000 region. The sterling is struggling with the 50-EMA to grow further. The 50, 100 and 200 EMAs are heading lower. The current resistance is seen at 1.3100, the support exists at 1.3000.

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.

Trading recommendations

The GBP/USD pair may recover further. The first buyers’ target is the mark 1.3060, the second 1.3100. A close below 1.3000 will trigger losses to the 1.2900 level.



Yen

General overview

The yen weakened following the OPEC agreement to limit oil output to 32,5-33,0 million bdp.

Current situation

The dollar rallied during the course of trades on Thursday. The price was able to break the level 101.40, but it failed to extend its growth and retreated to the broken level. The USD/JPY is trying to consolidate its gains now. The price broke the 50 and 100-EMAs and touched the 200-EMA in the 4 hours chart. The 50-EMA is turning upwards, the 100 and 200 EMAs are moving lower. The resistance is at 101.40, the support comes in at 100.40.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overbought territory.

Trading recommendations

A clear strength above the immediate resistance will pave the way for a continuation of the pair's upward trajectory. The price may grow towards 102.00.



AUD/USD

The U.S. dollar strengthened due to the latest Yellen’s comments and the OPEC agreement to cut oil output.

Current situation

The pair remained bullish on Thursday. The buyers were able to push the price towards 0.7700 and even pierced the level. However, they were not able to hold their gains and the price rolled back towards 0.7650. The AUD/USD pair is hovering above the 50, 100 and 200 EMAs in the 4 hours chart. The 50 and 100 EMAs crossed the 200-EMA upwards. The resistance is at 0.7700, the support comes in at 0.7650.

MACD remained at the same level which confirms the strength of buyers. RSI is within the neutral territory.

Trading recommendations

If the AUD/USD breaks 0.7650 the price will decrease to 0.7600. Otherwise, the pair will return to 0.7700.



XAUUSD

General overview

Gold prices got under pressure on Thursday ahead of the Fed officials’ comments. The positive GDP and labour data weighed on the metal as well.

Current situation

The yellow metal continued to trade in the negative ground. The price retreated from the recent high and headed towards 1310. The XAU/USD broke the level 1320 on its way downwards. The price broke the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages are turning downwards. The resistance is at 1330, the support comes in at 1320 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI is approaching the oversold area.

Trading recommendations

This loss of the 1320 level is now pointing to a further period of downside to come. Sellers will lead the price to 1310.



Brent

General overview

Brent rose in the European session after a surprised OPEC decision to cut oil output. Moreover, a draw in U.S. crude stocks gave an additional support for oil prices.

Current situation

Brent futures consolidated their gains after a sharp rally the day before. The price traded around 48.50 dollars per barrel moving back and forth around the level. Oil prices broke the 50, 100 and 200 EMAs in the 4 hours chart. The 100-EMA is neutral, while the 50 and 200 EMAs are turning upwards. The 200-EMA acts as a support for the price. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.

MACD grew which confirms the strength of buyers. RSI is consolidating within the overbought area.

Trading recommendations

Brent may extend its growth towards 49.50 dollars per barrel.



DAX

General overview

European stocks, including DAX, rallied after the OPEC decision to freeze oil output. However, negative employment data in Germany weighed on the DAX index.

Current situation

DAX gapped higher in the Asian session on Thursday. The price extended its gains during the European hours. The index was able to set a weekly high at 10574. After setting a new high the price partly retreated below the 10520 level. A break above the 100 and 200 EMAs failed, the price returned below them. DAX is in-between the 50 and 200 EMAs. The 100 and 200 EMAs are neutral, the 50-EMA is turning upwards. The resistance is seen at 10520, the support is at 10350.

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.

Trading recommendations

The level 10520 stopped the upward momentum. A cut through here will aim markets at 10574.



S&P500

General overview

Wall Street opened lower on Thursday amid oil prices decrease. Besides, investors were cautious ahead of Janet Yellen's speech.

Current situation

The index almost recovered after losses it had suffered last week. The price rallied to the level 2165 during the Asian session. After breaking the level S&P500 gave up its latest gains and retreated to the 2157 region. The 200-EMA stopped the growth of the index. The price bounced off the line and returned to the 100-EMA in the 4 hours chart. The 100 and 200 EMAs are heading lower. The 50-EMA is turning upwards. The resistance is seen at 2165, the support is at 2150.

MACD is in the positive area. The histogram grew which is a buy signal. RSI is within the positive territory.

Trading recommendations

The S&P500 index found a support around 2156. If this mark holds the price will continue growing. Our first target is the level 2165, further out the mark 2170. A move below the mark will target sellers to 2150. After breaking the level the price may decrease to 2145.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

03.10.2016

Euro

General overview

The dollar fell from a weekly high despite the positive U.S economic releases. The euro weakened amid European bank problems. Particularly, investors concerned about the health of Deutsche Bank.

Current situation

The pair jumped from 1-week low and returned back above the 1.1200 level. The level 1.1250 stopped the rally, the price rolled back and closed the day a few pips below the level. The moving averages maintained neutral tone. The resistance is seen at 1.1250, the support stands at 1.1200.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area.

Trading recommendations

The market switched the tone to bullish. A break above 1.1250 might force the pair to resume its upward trajectory. After breaking the level the EUR/USD pair may trend towards 1.1280.



Pound

General overview

The pound strengthened against the dollar on the back of strong UK economic reports.

Current situation

The sterling remained under pressure on Friday. An attempt to grow was stopped above 1.3000. Buyers were not able to hold above the level and had to return below it. The price failed to break the 50-EMA and after a short period returned below it. The 50, 100 and 200 EMAs accelerated their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD decreased which confirms the strength of sellers. RSI is consolidating within the oversold area.

Trading recommendations

The level 1.2950 limits further decline of the pair. A close below the level will trigger losses towards 1.2900. After breaking the level the price will advance to 1.2800.



Yen

General overview

The yen weakened after the OPEC decision to reduce oil output. Moreover, the China manufacturing PMI, which came in as expected, weighed on the safe-haven yen.

Current situation

The bearish trend remained intact. The yen erased its latest gains on Friday, but closed the day in the green. A bullish spike faded around 101.70 and the price had to return below 101.40. The USD/JPY broke the 100-EMA and tested the 200-EMA in the 4 hours chart. However, buyers failed to hold above the 200-EMA and the price rolled back. The resistance is at 101.40, the support comes in at 100.40.

MACD remained at the same level which confirms the strength of buyers. RSI is within the overbought territory.

Trading recommendations

The bearish trend remained intact. All buyers attempt to raise the price were unsuccessful. The price will remain in a range between 101.40 and 100.40 waiting for new drivers.



NZD/USD

Concerns over Deutsche Bank make investors stay away from safe-heaven assets. Instead they preferred higher-yielding currencies – like Kiwi.

Current situation

The NZD/USD pair had a positive day on Friday. The price recovered from the weekly low at 0.7230 and headed above 0.7250 where it closed the day. The pair broke upwards the neutral moving averages in the 4 hours chart. The resistance is at 0.7320, the support comes in at 0.7250.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area.

Trading recommendations

Despite a recovery on Friday the overall tone is negative. The price remained in a descending channel which risks a further decline towards 0.7250 and 0.7220.



XAUUSD

General overview

Gold prices fell on Friday despite the growth of demand for safe-assets due to the banking problems in Europe.

Current situation

Gold was recovering during the European hours, but sharply fell at the beginning of the New York session. The price fell from the daily high at 1327 towards 1310 through 1320. The XAU/USD pair closed the day bearish. In the 4 hours chart gold quotes broke the 50, 100 and 200 EMAs. The moving averages are turning lower in the same chart. The resistance is at 1320, the support comes in at 1310 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI is heading south.

Trading recommendations

If the price maintains its bearish tone a break below 1310 should lead to a continued slide, with 1305 as the first probable target.



Brent

General overview

Brent fell due to profit taking amid concerns that the OPEC’s agreement will not weaken a global supply glut. The US rigs number increased which also pressured oil quotes on both sides of the Atlantic.

Current situation

Brent stalled two-day rally and fell back into negative territory. The price made an attempt to extend its recovery in the European session on Friday. However, it turned around and reversed its latest gains in the North American session. Crude oil prices remained above the moving averages in the 4 hours chart. The 100 and 200 EMAs kept heading higher, the bearish 50-EMA is turning upwards. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.

The MACD histogram grew which is a buy signal. RSI is approaching the overbought area.

Trading recommendations

The tone is still positive in the market. However, Brent is overbought and could conduct a rebound towards 48.50.



DAX

General overview

DAX strengthened fallowing the news about possible agreement between Deutsche Bank and the U.S. Department of Justice.

Current situation

DAX gapped lower at the start of Friday. However, the price turned around and jumped to weekly highs later the day. The index climbed back into the 10520 region. The prices broke the 50-EMA and tested the 100 and 200 EMAs on its way upwards. In the 4 hours chart the moving averages showed mixed directions. The 50 and 100 Day EMAs are pointing lower, the 200-EMA maintained its bullish slope. The resistance is seen at 10520, the support is at 10350.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from negative territory.

Trading recommendations

Despite the rally on Friday DAX remained in a descending channel. The price closed the week at its higher limit. The index may conduct a technical rebound towards 10350. If the growing pressure persists the quotes will extend its recovery. Alternatively, the DAX index will continue its downward momentum.



NASDAQ

General overview

The Oil & Gas and Consumer Services sectors positive data supported the U.S. stocks on Friday.

Current situation

Bulls fought back control and returned prices to the local high. NASDAQ rallied and closed the day in the green figures above 4865. The index bounced from the 100-EMA in the 4 hours chart. The 100 and 200 EMAs present a moderately bullish slope. The 50-EMA accelerated its growth. The resistance is seen at 4865, the support is at 2150.

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 approached the overbought area.

Trading recommendations

The bullish tone prevails in the market. The price may dip to 4800 to bounce back upwards.



*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman