"Fort Financial Services"- fundamental and technical analysi

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

31.05.2016

Euro

General overview

The dollar rose after J.Yellen’s (the Fed Chairman) comments regarding a possible rate hike in June. The market showed a low volatility due to the holidays in the USA.

Current situation

The EUR/USD tried to grow still it could not break the level of 1.1200. The pair decreased and broke the support 1.1130. The EUR/USD set a new two-month low at 1.1097 on Monday and then started a weak upward correction. The support is at 1.1130, the resistance is at 1.1200.

MACD is in a negative area. The histogram is on the level of the signal line. RSI is neutral.

Trading recommendations

After the support level of 1.1130 breakthrough down the way to the support 1.1070 will be opened.



Pound

General overview

Monday trading was low volatile due to holidays in the US and UK markets.

Current situation

The pair GBP/USD continued its correction from the recent high near 1.4760. Yesterday the trading was low volatile due to Spring Bank Holiday in the UK. The price was traded at the opening price level almost the whole day. Only by the end of the day the pair slightly increased. The support is at 1.4560, the resistance is at 1.4670.

MACD is in a positive area. The histogram is below the signal line. The indicator kept decreasing. RSI is neutral.

Trading recommendations


We suppose the pair will go to 1.4560 first. Having overcome the first target the price might go downwards to 1.4480.



Yen

The pair continued its recovery. Rumors that Abe (the Prime Minister of Japan ) was likely to postpone the sales tax increase to 2.5 years pressured the yen. The market volatility was reduced amid to the US holiday – Memorial Day.

Current situation

In the absence of majority of traders (due to holidays in the USA and the UK) the dollar started the week with a growth. Even though the pair started the week below the mark 110.60 it grew to the level 111.40 by the end of Monday. The resistance is at the level of 111.40, the support is at 110.60.

MACD is in a positive area. The histogram is above the signal line. MACD kept growing. The signal is bullish. Indicator is above 70 and is overbought.

Trading recommendations

After the support level of 110.60 breakthrough down the way to the support 109.80 will be opened.



Franc

General overview

KOF published Leading Indicator for April (102.9 vs. previous 102.6 and forecast 102..

Current situation

The bulls in the pair USD/CHF could take the dollar upwards, the pair broke the mark of 0.9940. Still the USD/CHF could not hold over the level and started a downward correction. The second part of the day the pair remained below 0.9940. The resistance is at the level of 0.9940, the support is at 0.9850.

MACD is in a positive area. The histogram is below the signal line. MACD kept decreasing. The signal is bearish. RSI is neutral.

Trading recommendations

We recommend going long with the first target - 0.9940. When the price consolidates above the first target it may go to the level 1.0020.



CAD

General overview

Canada published Raw Material Price Index that rose more than expected (0.7% vs. expectations 2.2%).

Current situation

The tendency of the pair USD / CAD still looks bullish. The latest growth seems to be a correction from a decrease to the level of 1.2900. The pair managed to grow to 1.3100, where the growth was slowed down. The resistance is at the level of 1.3100, the support is at 1.2900.

MACD is on the zero line giving no signals. The histogram is above the signal line. RSI is neutral.

Trading recommendations

The potential decrease target is the support levels of 1.2900.



Gold

General overview

The gold continued to decline. The metal decreased due to Fed comments and due to the American regulator minutes publication. The number of traders who believe that the US will hike the rate in June grew that pressured the metal.

Current situation

The gold remained under pressure since last week. On Monday the gold quotes could test the support at around 1220 per ounce. From the level of 1220 the pair began a growth and was able to return some of the latest loss. The resistance is at the level of 1215, the support is at 1200.

MACD is in a negative area. MACD kept decreasing. The histogram is on the level of the signal line. RSI approached the oversold level of 30.

Trading recommendations

If the price fixates below the support 1200, it may continue the downward trend in the short term. The potential target is 1180.



DAX30

General overview

The situation with DAX slightly changed on Monday. The index was traded in different directions during the day. DAX was influenced by oil prices decline and a possible rate hike in the United States.

Current situation

The index started the week at the level of 10284. DAX rose and was able to set a new high at 10348, where the index turned down and fell to the opening price zone. The resistance is at the level of 10350, the support is at 10175.

MACD is in a positive area. The histogram is below the signal line. MACD kept decreasing. The signal is bearish. RSI reached the overbought level of 70.

Trading recommendations

The approach to the level of 10350 may lead to a price rebound down. The potential rebound target is the support level of 10175.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

01.06.2016

Technical analysis

Euro

General overview

The ECB meeting is the main event in the Eurozone this week. We believe that the European regulator will not make any changes to its monetary policy.

Current situation

The pair attempted to recover on Tuesday. After a short consolidation on Monday, the pair returned the part of the previous losses. The pair returned to sales by the end of trades and tested the level of 1.1130.

The resistance is at 1.1200, the support is at 1.1130.

The MACD histogram is in a negative zone, above its signal line. The MACD decreased giving a signal to sell. RSI is in a neutral zone. The indicator does not give clear signals.

Trading recommendations

If the price fixates below the support 1.1130, it may continue the downward trend in the short term. The potential target is 1.1070.


Pound

General overview

The pound resumed its decline. In general, the dollar remained strong against the pound after Janet Yellen’s speech last Friday. The market expects new drivers for a further movement.

Current situation

The pair declined on Tuesday. After a false breakout of 1.4670 the pair fell to 1.4480.
The resistance is at the level of 1.4560, the support is at 1.4480.

MACD is in the negative zone below the signal line. The indicator continued its decline showing a sell signal. The RSI signal line is close to the oversold zone.

Trading recommendations

The potential decrease targets are two levels of support: 1.4480 and 1.4400.



Yen

The pair returned above the level of 110.40 amid the dollar growth. Abe (the Prime Minister of Japan) decided to postpone the increase in sales tax to 2.5 years.

Current situation

The quotes made attempts to break through the level of 111.40. The pair was in a narrow range of 110.60 - 111.33 all day. The pair tested the level of 110.60 by the end of the trades.
The resistance is at the level of 111.40, the support is at 110.60.
MACD is in a positive area. The histogram is below the signal line. MACD kept decreasingg. The signal is bearish. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

If the price fixates below the support 110.60, it may continue the downward trend in the short term. The potential target is 109.80.



Franc

General overview

The pair continued its growth. We believe that the pair shall become more volatile before the FED meeting in June.

Current situation

The market still looks bullish, despite the downward correction in the beginning of the week. The pair tested 0.9940, but failed to consolidate on it and fell. The USD/CHF bounced off the level 0.9900 upwards.

The resistance is at the level of 0.9940, the support is at 0.9850.

MACD is in a positive area. The histogram is below the signal line. MACD kept decreasing. The signal is bearish. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

We recommend going long with the first target - 0.9940. When the price consolidates above the first target it may go to the level 1.0020.



CAD

General overview

We remain bearish on the outlook for the currency. If the Canadian economy continues weakening, the price may decline deeper.

Current situation

The pair grew on Tuesday and reached the resistance 1.3100. Its further movement depends whether the pair will break it or will bounce off from the resistance 1.3100. The resistance is at the level of 1.3100, the support is at 1.2900.

MACD is on the zero line giving no signals. The histogram is above the signal line. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

We expect the 1.3100 line break that will open the way for the buyers to 1.3200.



Brent

General overview

The oil prices became volatile on the eve of the OPEC meeting on the 2nd of June. We believe that OPEC will not change anything in exporting policies.

Current situation

The market looks bullish at the higher timeframes. The oil grew the whole Tuesday and tested the level of 50.50. Then the price fell to the level of 49.60. The resistance is at the level of 50.50, the support is at 49.60.

The MACD histogram is in a positive zone. The histogram is above the signal line. The MACD continues to grow and gives a buy signal. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

The oil prices can grow to the resistance level of 50.50. After breaking 50.50 the buyers may go to 51.50.



DAX30

General overview

Yesterday, the European stock market declined. The German DAX 30 fell by 0,61% due to the Volkswagen shares fall. The shares fell amid the latest automaker’s statement where he reported about 19,3% profit decrease.

Current situation

DAX moved in different directions on Tuesday. The index began trading from the maximum point reached on Monday – 10350. In the European session the index DAX 30 dropped and declined to 10175. The resistance is at the level of 10350, the support is at 10175.

MACD is in a positive area. The histogram is below the signal line. MACD kept decreasing. The signal is bearish. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

The buyers need to break above 10350 for a steady growth. The way to the mark 10520 will be opened after this breakthrough.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

02.06.2016


Technical analysis

Euro

General overview

The Manufacturing PMI remained weak in the Eurozone adding some negative regarding the prospects for the economic growth in the second quarter.

Current situation

The pair grew above the level of 1.1200 but failed to break it. The pair EUR/USD consolidated before the ECB meeting, waiting for new drivers. The resistance is at 1.1200, the support is at 1.1130.

The MACD histogram is in a negative zone, above its signal line. The MACD increased giving a signal to buy. The indicator showed a divergence at the Four Hour Chart. RSI approached the overbought level of 70.

Trading recommendations

The pair can grow to the resistance level of 1.1200. After breaking 1.1200 the buyers may go to 1.1250.



Pound

General overview

The pound fell to a session low when the Manufacturing PMI in the UK showed an increase in May. Organization for Economic Co-operation and Development reduced the growth forecast for the UK economy and warned about the consequences of a possible Brexit.

Current situation

The pound continued to decline. On Tuesday the GBP/USD tested the support level of 1.4400. The pair is at a 5-day low. The resistance of 1.4760 limits the growth at the daily time frame. The resistance is at the level of 1.4480, the support is at 1.4400.

MACD is in a negative zone below the signal line. The signal line is in the histogram. The indicator continued its decline showing a sell signal. The RSI signal line is close to the oversold zone.

Trading recommendations

We expect the 1.4480 line break that will open the way for the buyers to 1.4560.



Yen

General overview

The dollar fell against the yen, decreasing from one-month high reached earlier this week. The mixed US economic data lowered expectations of a soon USA interest rates recovery.

Current situation

The pair USD/JPY decreased. The price bounced off a daily resistance at 111.40. The pair approached the level of 109.00. After testing it, the pair bounced up and returned some of the losses. The resistance is at the level of 109.80, the support is at 109.00.

MACD is in a negative area. The histogram is below the signal line. MACD crossed the zero line downwards. MACD kept decreasing. The signal is bearish. RSI approached the overbought level of 70 and rebounded downwards.

Trading recommendations

We suppose the pair will go to 109.00 first. Having overcome the first target the price might go downwards to 108.20.



Franc

General overview

According to the Swiss GDP the Swiss economic growth slowed down in Q1. Consumer spending, investment and exports strengthened on the contrary. We believe that the private sector in Switzerland was able to adapt to the strengthening of the franc.

Current situation

The dollar in the pair USD/CHF decreased. The pair bounced off the level of 0.9940. The decline was stopped near the mark of 0.9850, where the pair started to consolidate. The level of 0.9940 limits its further growth on the daily time frame. The resistance is at the level of 0.9940, the support comes at 0.9850.

MACD crossed the centerline downwards. The histogram is below the signal line. MACD kept decreasing. The signal is bearish. RSI approached the overbought level of 70.

Trading recommendations

We advise to long with the first target – 0.9940. When the pair consolidates above the first target, we can open deals to the level of 1.0020.



CAD

General overview

The fallen oil prices had a negative impact on the Canadian dollar dynamics. The investors are focused on the upcoming Non-Farm.

Current situation

The pair USD/CAD still hopes to recover, but without success so far. The pair is consolidating near 1.3100. The resistance is at the level of 1.3100, the support is at 1.2900.

MACD is in a positive area. The signal line is in the histogram. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

We expect the 1.3100 line break that will open the way for the buyers to 1.3200.



AUD

General overview

The Australian dollar rose to the two-week high. The latest economic reports showed a growth of the national economy in the first quarter above expectations. The strong economy reduced the possibility of the further rate cuts by the Australian Central Bank.

Current situation

The Australian dollar remained positive against to the US dollar. Buyers met the sellers’ resistance at around 0.7270. The pair could not break above this level. The AUD/USD consolidated and lead multidirectional trades. The resistance is at the level of 0.7270, the support lies at 0.7140.

MACD is in a positive area. The signal line is in the histogram. The MACD signal is bullish. RSI approached the overbought level of 70.

Trading recommendations

The buyers need to break above 0.7270 for a steady growth. The way to the mark 0.7400 will be opened after this breakthrough.



Brent

General overview

The oil prices declined on Wednesday, as traders did not expect any important decisions on the upcoming meeting of the OPEC.

Current situation

The Brent oil declined on Wednesday, the quotes reached the level of 48.60. The pair failed to break and consolidate below 48.60. The prices bounced up, reaching the level of 49.60. The technical picture is bullish. The resistance is at the level of 50.50, the support is at 49.60.

MACD indicator is in a positive area. The histogram is below the signal line. The signal is bullish. RSI is in a neutral zone giving no signal.

Trading recommendations

We advise to long with the first target – 50.50. After fixing above the first target, the level 51.50 will become the next one.



DAX30

General overview

European stocks showed a decrease after the mixed Chinese manufacturing data. The declined oil prices added some negative sentiment as well.

Current situation

The DAX 30 continued to lose ground, falling from 10350 to 10159. The index is near the level of 10175. The stock market looks bearish. The resistance is at the level of 10350, the support is at 10175.

MACD indicator is in a positive area. The histogram is below the signal line. The MACD is declining, the signal is bearish. RSI approached the oversold level of 30.

Trading recommendations

The potential decrease targets are two levels of support: 10175 and 10000.



Gold

General overview

The first days of June turned out to be not very successive for the Bonds Markets and the dollar. The weak dollar supported the gold metal. Investors make attempts to assess how close the United States is the interest rates hike.

Current situation

The gold weakened and lost all the gains achieved earlier. The gold could rise after a prolonged decline to 1220 where it turned down and fell, breaking the support of 1215. The Wednesday trades the pair stopped halfway to 1200. The market looks bearish. The resistance is at the level of 1215, the support is at 1200.

MACD is in a negative area, the histogram is above the signal line. MACD kept increasing. The signal is bullish. RSI approached the oversold level of 30.

Trading recommendations

If the price fixates below the support 1200, it may continue the downward trend in the short term. The potential target is 1180.



Dow Jones

General overview

The US Bonds Market declined on Wednesday. Morgan Stanley worsened recommendations for the shares of Nike Inc (sporting goods manufacturer). The shares reacted with the decrease to that news.

Current situation

The Dow Jones index rebounded from the local maximum at the level of 17900. The first, the index fell to 17650, then the Dow Jones turned upwards and regained some of the losses. The index recovered to 17760. The resistance is at the level of 17900, the support is at 17740.

MACD is in a negative area. MACD decreased. RSI reached the oversold level of 30 and bounced off it.

Trading recommendations

The index Dow Jones can grow to the resistance level of 17900. After breaking 17900 the buyers may go to 18000.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

03.06.2016

Euro

General overview

The ECB meeting was the main event in the Eurozone this week. The European regulator left the rate unchanged. The ECB meeting results weakened the euro, at the same time the strong unemployment statistics in the USA supported the dollar. As the result the pair EUR/USD fell.

Current situation

The euro fell on Thursday due to the macroeconomic statistics in Europe and the United States. The pair could not hold at the level of 1.1200, and dropped down. The level of 1.1155 became the local minimum of the day. We believe that sellers are back and they will take the pair further down. The resistance is at 1.1200, the support is at 1.1130.

MACD is in a positive area, close to the zero line. The histogram is on the level of the signal line. MACD kept decreasing showing a sell signal. RSI approached the oversold level of 30.

Trading recommendations

The downward movement will be continued. The pair may go to 1.1130 soon. The next target will be le level of 1.1070.



Pound

General overview

The British currency is still volatile after the latest poll regarding the UK membership in the EU. According to the poll the number of Britons who want leaving the EU grew vs. those who prefer staying in it.

Current situation

The British currency remained in the flat after a recent sharp decrease. The pair remained in the range 1.4400 – 1.4480. The market needs a break to recover from the losses. The resistance is at the level of 1.4480, the support is at 1.4400.

MACD indicator is in a negative area. The signal line is in a histogram. The signal is bearish. The indicator RSI is oversold.

Trading recommendations

We expect the flat will be continued.



Yen

General overview

The dollar in the USD/JPY fell when Japan postponed the planned sales tax increase. The Japanese government decided to move from the monetary policy easing to economic stimulus.

Current situation

The yen continued falling. The pair set a new local low level at the mark 108.80. The pair broke the level of 109.00 and stopped to consolidate. The resistance is at the level of 109.00, the support is at 108.20.

MACD is in a negative area. The signal line is in a histogram. MACD showing sell signal. RSI reached the oversold level of 30.

Trading recommendations

We suppose the flat will be continued. We do not exclude the growth to 109.00.



Franc

General overview

The Initial Jobless Claims number decreased in the USA. That is a good sign that showed that the USA economy kept recovering. The USA statistics supported the dollar that recovered and returned some of its previous losses.

Current situation

The pair recovered and returned some of the lost positions. The pair grew from the mark 0.9850 to 0.9900. The pair just tested the level 0.9900 and did not move higher. We believe that the pair shall return to the growth. The resistance is at the level of 0.9940, the support comes at 0.9850.

MACD indicator is in a negative area. MACD keeps growing. The signal line is in a histogram. The signal line of RSI bounced off the oversold level of 30.

Trading recommendations

We advise to long with the first target – 0.9940. When the pair consolidates above the first target, we can open deals to the level of 1.0020.



CAD

General overview

If the USA regulator postpones the rates hike the dollar may weaken (some of the economic indicators do not match the expected level). Stephen Poloz (the Canadian Bank Governor) gave his speech. Still his statement had a minor effect on the pair.

Current situation

The pair remained in the flat and was traded near the level of 1.3100. The USD/CAD moved in different ways on Thursday. The local low mark is the level of 1.3070, a day high lies at 1.3145. The resistance is at the level of 1.3100, the support is at 1.2900.

MACD indicator is in a positive area. The signal line is above the histogram. The indicator is decreasing showing a sell signal. RSI is in a neutral zone giving no signal.

Trading recommendations

We believe the growth will be continued now. The first target is the level 1.3100, the next one is 1.3200. We do not exclude the falls to 1.2900.



AUD

General overview

The Australian dollar fell after the retail sales report in Australia. The index came worse that expected. The RBA may low its interest rates to 1.0% from the current 1.75%. The next RBA meeting will take place on 7th of June.

Current situation

The Australian dollar remained in a flat. The pair was traded near the mark of 0.7270. From a technical point of view the pair looks bearish. The resistance is at the level of 0.7270, the support lies at 0.7140.

MACD is in a positive area. The histogram is below the signal line. MACD keeps decreasing. RSI is in a neutral zone giving no signal.

Trading recommendations

If the price fixates below the support 0.7140, it may continue the downward trend in the short term. The potential target is 0.7040. We do not exclude the growth to 0.7270.



Brent

General overview

The Brent quotes grew after the OPEC meeting in Vienna. The OPEC decided not to limit its production and left the quotes at the same level.

Current situation

The Brent showed active trades yesterday. The OPEC meeting was the main driver for the oil quotes. The pair decreased at the European session and stopped above the support of 48.60. The support became the pivot point where the Brent oil grew to the resistance of 50.50. The resistance is at the level of 50.50, the support is at 49.60.

MACD indicator is in a positive area. The histogram is below the signal line. RSI is in a neutral zone giving no signal.

Trading recommendations

We suppose the pair will go to 50.50 first. Having overcome the first target the price might go upwards to 51.50.



DAX30

General overview

On Thursday, the European stock indexes showed a mixed background. Investors were cautious before the monthly decisions of the European Central Bank and preferred to stay away from any serious actions. The index grew by 0.03% during the European session.

Current situation

The market is still bearish. Yesterday the index tested the strong support of 10175. DAX 30 consolidated above the support 10175.. The resistance is at the level of 10350, the support is at 10175.

MACD indicator is in a positive area. The histogram is below the signal line. The MACD is declining, the signal is bearish. RSI approached the oversold level of 30.

Trading recommendations

The pair can grow to the resistance level of 10350. After breaking 10350 the buyers may go to 10520.



Gold

General overview

We believe that the dollar can keep growing if the FED continues making aggressive statements. The strong dollar shall pressure all risky assets including the gold. The US regulator has been showing signals of his readiness to increase the rates further at the next meeting.

Current situation

The gold lost some of its positions yesterday. The pair broke the level 1215 downwards. The pair did not move deep and stopped at 1209.50. The metal needs new drivers to continue its moving. The resistance is at the level of 1215, the support is at 1200.

MACD is in a negative area, the histogram is above the signal line. MACD kept increasing. The signal is bullish. RSI is in a neutral zone giving no signal.

Trading recommendations

The potential decrease targets are two levels of support: 1200 and 1180.



Dow Jones

General overview

The major indexes in the USA recovered and returned some of the losses which they had suffered after the Production PMI growth in the US. The PMI index has been growing the third month in a row. The Dow Jones index rose by the end of the trading day.

Current situation

The index recovered yesterday. Dow Jones grew from the level 17686 to 17815. The index looks bullish. The resistance is at the level of 17900, the support is at 17740.

MACD is in a negative area. MACD increased. RSI is neutral. The indicator does not give clear signals.

Trading recommendations

The buyers need to break above 17900 for a steady growth. The way to the mark 18000 will be opened after this breakthrough.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

06.06.2016

Technical analysis

Euro

General overview

The weak Nonfarm Payrolls can postpone the Fed rate hike.

Current situation

The pair grew last Friday. The EUR/USD broke the levels of 1.1200, 1.1250, 1.1300 and approached the mark of 1.3730. The pair looks bullish. The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area, the signal line is in a histogram. MACD is growing, its signal is bullish. RSI reached the overbought level of 70.

Trading recommendations

We expect the 1.1370 line break that will open the way for the buyers to 1.1450.



Pound

General overview

The published Services PMI for May in the UK did not effect the pound. Still the pair grew after the weak Nonfarm Payrolls in the USA.

Current situation

The pair grew from the support of 1.4400. The pair broke the resistance 1.4480. The buyers could test the mark of 1.4560. Still the growing impulse faded out and the pair returned below the level. The resistance is at the level of 1.4560, the support is at 1.4480.

MACD is in a negative area. The histogram is above the signal line. The indicator MACD is giving a buy signal. RSI approached the overbought level of 70.

Trading recommendations

We believe the pair will remain in the flat.



Yen

General overview

Japanese currency finished last week in a green zone due to renewed discussions regarding differences among the US and Japanese monetary policies.

Current situation

The interest to the yen grew after a weak Non-Farms report. The pair fell and broke the levels 108.20 and 107.40. The resistance is at the level of 107.40, the support is at 106.60.

MACD is in a negative area. The histogram is above in the signal line. MACD kept decreasing. The indicator is showing a sell signal. The indicator RSI is below 30 and is oversold.

Trading recommendations

If the price fixates below the support 106.60, it may continue the downward trend in the short term. The potential target is 105.80.



Franc

General overview

The weak Nonfarm Payrolls could postpone the rate hike in June. The weak unemployment indicator confirmed that the USA economy slowed down.

Current situation

After the latest unemployment news in the USA the pair decreased. The pair consolidated below 0.9850. The resistance is at the level of 0.9850, the support comes at 0.9750.

MACD indicator is in a negative area. The signal line is in the histogram. MACD is decreasing. The indicator RSI is oversold.

Trading recommendations

We advise to short with the first target – 0.9750. When the pair consolidates below the first target, we can open deals to the level of 0.9660.



CAD

General overview

Trade Balance deficit decreased in Canada in April, at the same time the export grew.

Current situation

The pair USD/CAD was in the range below 1.3100. By the end of Friday trades, the pair sharply declined towards the support of 1.2900 still the decline stopped above this level. The resistance is at 1.3100, the support comes in at 1.2900. The resistance is at the level of 1.3100, the support is at 1.2900.

MACD is in a negative zone, the signal line is above the histogram. MACD crossed the zero line downwards. MACD gives a sell signal. RSI is close to the oversold zone.

Trading recommendations

The downward movement will be continued. The pair may go to 1.2900 soon. The next target will be 1.2800.



AUD

General overview

The AUD fell by 6% against the USD when the RBA lowered its rate in May. Nevertheless the Australian dollar grew after the weak unemployment data in the USA. The Service PMI in Australia also supported the AUD.

Current situation

The pair AUD/USD grew last Friday. The price broke the resistance of 0.7270 and consolidated above it. The resistance is at 0.7400, the support area lies at 0.7270.

MACD is in a positive zone. The histogram is above its signal line. The indicator continues to grow and gives a signal to buy. RSI reached an overbought zone.

Trading recommendations

The buyers need to break above 0.7400 for a steady growth. The way to the mark 0.7530 will be opened after this breakthrough.



Brent

General overview

The Brent recovered after the OPEC meeting results. The OPEC could not set the limit in the oil production. Still the Brent returned to a decrease.

Current situation

The Brent tried to recover and grew to 50.50. However, the quotes did not test this level, the price bounced off to 49.60. The resistance is at 50.50, the support is at 49.60.

MACD indicator is in a positive area. The histogram is above the signal line. RSI is in a neutral zone giving no signal.

Trading recommendations

The potential decrease target is the support level of 48.60. We do not exclude the growth to 50.50.



DAX30

General overview

The Bonds Markets decreased in the Eurozone amid the weak unemployment data in the USA. The weak Nonfarm Payrolls report lowered traders’ expectations regarding the rate hike in the USA in June.

Current situation

The German DAX 30 index was traded above the level of 10175. The index made attempts to grow. Still, the bearish sentiment grew by the end of traders and the index broke the level down. The resistance is at 10175, the support come in at 10000.

MACD indicator is on the ground level. The histogram is below the signal line. RSI is in a neutral zone. The indicator does not show clear signals.

Trading recommendations

We may expect the fall towards 10000, the next target will be 9760.



Gold

General overview

The safe assets quotes grew last Friday amid a weak Nonfarm Payrolls report in the USA.

Current situation

The gold was traded below 1215 before Non-Farms report publication. The metal grew after and broke the marks 1215 and 1235. The resistance is at the level of 1215, the support is at 1200.

MACD is in a positive area. MACD kept growing. RSI is overbought.

Trading recommendations

The price can grow to the resistance level of 1260.



Dow Jones

General overview

American futures showed the negative sentiment. American Bonds market was disappointed by the weak unemployment data in the USA.

Current situation

The index fell last Friday and tried to break the level of 17740. The index could recover by the trades end and consolidate over the level. The resistance is at the level of 17900, the support is at 17740.

MACD is on the zero line giving no signals. RSI is in a neutral zone giving no signal as well.

Trading recommendations

The index Dow Jones may remain in a flat.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

07.06.2016

Technical analysis

Euro

General overview

Janet Yellen’s speech became the main event of Monday. According to Janet Yellen the weak Non-Farms raised the regulator’s concerns. The release showed signs of new jobs growth slowdown.

Current situation

The euro remained at the local high that it had reached last week. The pair spent the first day of the week near the level of 1.1370. The trading was low volatile. The pair EUR/USD may bounce off soon from 1.1370 .The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area, its signal is bullish. RSI reached the overbought level of 70. RSI shows a sell signal.

Trading recommendations

The downward bounce potential targets are 1.1370 and 1.1300.



Pound

General overview

According to Janet Yellen (the head of the Federal Reserve) if the UK leaves the EU that can cause significant economical circumstances.

Current situation

The pair tried to break the level 1.4400 but failed and remained in a short range 1.4400 – 1.4480. Traders seem to take a pause after the last week decrease. The resistance is at the level of 1.4480, the support is at 1.4400.

MACD indicator is in a negative area, its signal line is below a histogram. MACD kept growing. RSI is in a neutral zone giving no signal.

Trading recommendations

We suppose the growth will be continued now. The first target is the level 1.4480, the next one is 1.4560.



Yen

General overview

The Fed Chairman noted in her speech that the current monetary policy was moderately challenging. The regulator expects further progress on its goals. The Fed will closely monitor any changes in the labor market.

Current situation

The pair made attempts to break the level of 106.60. The dollar reversed some losses by the end of Monday. The USD/JPY broke the level 106.60 upwards and tried to get hold over it. The resistance is at the level of 107.40, the support is at 106.60.

MACD is in a negative area. MACD kept growing. RSI approached the oversold level of 30 and bounced off it.

Trading recommendations

The buyers need to break above 107.40 for a steady growth. The way to the mark 108.20 will be opened after this breakthrough.



Franc

General overview

The Janet Yellen’s speech (the Federal Reserve Chairman) became the main event of Monday. The dollar slightly recovered against major currencies in anticipation of her comments. According to Janet Yellen the prospects of the US economy is very uncertain.

Current situation

The pair was decreasing the whole day yesterday. Sellers could take the price down. The pair USD/CHF broke the level 0.9750 and touched 0.9700. The new local low is at 0.9680. The price failed to go deeper and bounced off the support 0.9700. The resistance is at the level of 0.9850, the support comes at 0.9750.

The indicator MACD is in a negative area. The signal line is in the histogram. The indicator is below 30 and is oversold. RSI shows a buy signal.

Trading recommendations

We advise to long with the first target – 0.9750. When the pair consolidates above the first target, we can open deals to the level of 0.9850.



Brent

General overview

According to Janet Yellen the price of oil keeps the inflation at low levels. Oil prices began to grow.

Current situation

The Brent still looks bearish. The quotes bounced off 49.60 and tested the mark 50.50. The black gold did not move further and remained at the reached mark. The resistance is at 50.50, the support is at 49.60.

MACD is in a positive area. MACD kept growing. RSI approached the overbought level of 70.

Trading recommendations

If the price fixates above the resistance 50.50, it may continue the upward trend in the short term. The potential target is 51.50.



Gold

General overview

On Monday, the gold futures rose to two-week high in anticipation of Janet Yellen’s speech. Traders expected to get clues regarding the next interest rates hike in the US.

Current situation

The gold remained in a flat on Monday between the levels 1248 - 1239. The technical picture is uncertain. The quotes have recently broken 1215 and 1235. However the price failed to grow further and stopped near the mark 1250. The resistance is at the level of 1260, the support is at 1235.

The indicator MACD is in a negative area, its signal line is in the histogram. The indicator is giving a buy signal. RSI reached the overbought level of 70 and shows a sell signal.

Trading recommendations

The potential decrease target is the support level of 1235.



DAX30

General overview

The news that the USA might not raise the rates this summer became an important driver of optimism on global bonds markets. The European stock markets closed in the green zone, supported by growth of shares of energy and raw material producers.

Current situation

The index DAX 30 remained in a flat. The index was traded between the levels of 10077 – 10158. The resistance is at 10175, the support come in at 10000.

The indicator MACD is in a negative area. The MACD signal line is in the histogram. The indictor kept decreasing yesterday. RSI reached the oversold level of 30 and bounced off it.

Trading recommendations

The index can grow to the resistance level of 10175. After breaking 10175 the buyers may go to 10350.



Dow Jones

General overview

If we keep hearing the Fed’s soft statements and if the regulator declares the risk of further economic decline the US dollar may get under pressure once again. The dollar decrease will cause a new wave of purchases in the Bonds market.

Current situation

The Dow Jones kept its bearish movement. The index broke and consolidated over the resistance at 17900 on Monday. The resistance is at the level of 18000, the support is at 17900.

MACD is in a positive area and is growing. RSI approached the overbought level of 70.

Trading recommendations

We believe the growth will be continued now. The first target is the level 18000.



Nasdaq

General overview

The external environment was positive for the index. Nasdaq rose by 0.26%. The major US stock indices showed a moderate growth.

Current situation

The index Nasdaq was in a flat during the European session of Monday. The index started to grow by the end of Monday. It bounced from the mark 4506 and grew to the way of 4550. The index looks bullish. The resistance is at the level of 4550, the support is at 4500.

The indicator MACD is in a positive area and keeps decreasing. RSI approached the overbought level of 70.

Trading recommendations

The index is likely to go to the support level of 4500.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

09.06.2016

Euro

General overview

The positive macroeconomic statistics in the Eurozone helped investors to find the strength and the desire for a new wave of euro purchases. There were no major events on the schedule on Wednesday.

Current situation

The overall outlook remains bullish. Buyers could push the dollar higher the resistance 1.1370. The price reached the round level of 1.1400 yesterday. The resistance is at 1.1450, the support is at 1.1370.

MACD is in a positive area. The histogram is below its signal line. MACD decreased giving a sell signal.

RSI reached the overbought level of 70. According to the indicator the price may change its direction soon. The price is above Moving Averages (50, 100 and 200) at the daily time-frame. That is a bullish signal.

Trading recommendations

If the pair keeps growing it will reach the level of 1.1450 soon. Nevertheless the pair is overbought and we may expect a correction soon.



Pound

General overview
On Wednesday, manufacturing PMI supported the pound. The index showed the maximum growth in nearly four years (1.6% vs. previous -0.4%). Still the pound is under pressure because of the upcoming referendum.

Current situation

The pair GBP/USD showed volatile trades on Wednesday. The pair could set a new local high at the level of 1.4600 on the European session. However, the pair could not fixate its gains above the level of 1.4560 and returned on it. The resistance lies at 1.4560, the support is at 1.4480.

MACD crossed the zero line upwards. The signal line is in the histogram. MACD decreased. That is a sell signal. RSI approached the overbought level of 70 and bounced off. The Moving Average (200) limits the pound growth on the daily chart.

Trading recommendations

We are still bearish middle term. The break below 1.4480 should send this market looking for the 1.4400 level.



Yen

General overview

According to the statistics the volume of Chinese imports in May exceeded market expectations. The news reinforced hopes for a stabilization of the Chinese economy, despite the greater-than-expected fall in exports. The Chinese statistics weakened the investors' appetite for risk and supported the dollar in the pair USD/JPY.

Current situation

The tone is still negative in the market. The yen continued strengthening and the pair approached the recent lows at 106.35. The resistance is at 107.00, the support is at 106.00.MACD indicator is in a negative area.

MACD stopped its growing and returned to a decrease. That is a bearish signal. RSI is still near the oversold level of 30. The pair is below the Moving Averages (50, 100 and 200) on the 4 hour graphic. The pair is on its historical lows at the daily chart. The pair was here last time in 2014.

Trading recommendations

From the technical point of view the pair is oversold. According to the indicators RSI and MA we may see a correction soon. The pair USD/JPY may decrease further to 106.00 where it can pivot upwards.



AUD

General overview

The Australian dollar came under pressure when Home loans index in Australia rose less than expected, as investments declined after rising in April.

Current situation

The Australian dollar grew during the course of the day setting new local high at 0.7480. The tone is still positive in the market. The resistance stands at 0.7500, the support lies at 0.7400.

MACD is in a positive area. MACD stopped growing yesterday. That is a buy signal. The indicator RSI is above 70 and is overbought. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart.
That is a buy signal.

Trading recommendations

We feel comfortable taking long positions. The price may reach 0.7500 today. According to the indicators (MACD, RSI) the pair AUD/USD is overbought. In addition it has moved far from MA that suggests a correction.



GOLD

General overview
The Gold quotes continued to rise due to the falling of the dollar. The dollar weakened when the market reduced its expectations that the Fed would hike the rates in June.

Current situation
Traders pushed the gold higher yesterday. The metal grew from 1243 to the mark of 1263. The price touched the resistance at 1260. The metal grew by 1.32% during the course of the day. The resistance is at 1260, the support lies at 1235.

MACD is in a positive area. The histogram is below the signal line. MACD is growing showing a buy signal. RSI is in the overbought level of 70. The pair pushed from Moving Average (100) on the daily chart. The price is above Moving Averages (50, 100 and 200). The MA (200) is a support on the daily chart now.

Trading recommendations

The price stopped at 1260. Should that level break up and the price will grow to 1280. Otherwise we will see its move down to the support 1235.



Brent

General overview

Yesterday the oil prices grew on speculation that the weekly Crude Oil Stocks change may show the decline. In economic news, the index showed a decrease as expected.

Current situation

The oil quotes continued their growth. The price set a new high at 52.50. The oil trend looks bullish. The resistance comes in at 52.50, the support lies at 51.50.

MACD is in a positive area, its signal line is in the histogram. MACD kept growing, that is a bullish sign.
Still MACD shows a divergence on the 4 hour time frame. RSI reached the overbought level of 70. The Brent quotes are above Moving Averages (50, 100 and 200). The price is close to the historical highs at the daily chart – the mark of 54.00.

Trading recommendations
We are still bullish on the oil. We assume that the upward trend will be continued. The break above 52.50 should send this market looking for the 53.00 level.



Dax30

General overview

The European stocks fell on Wednesday after rising on the results of the previous two sessions. The German DAX lost 0.71%. Traders took a wait and see position, focusing on the important events coming this month. Thus, the Fed shall hold its regular meeting on 15st of June. The UK will hold a referendum regarding its membership in the EU on June 23 rd.

Current situation

The index decreased yesterday. The price fell from 10275 to 10175. The resistance comes at 10350, the support is at 10175. MACD is on the centerline, giving no signals. RSI is in a neutral zone giving no signal.

Trading recommendations

We expect a decrease. The break below 10175 should send this market looking for the 1000 level.



SP500

General overview

The S&P500 jumped by 0.26% due to the oil quotes growth in 2016 and the weakening of the dollar, giving the S & P 500. The index came close to the record highs that were set in May, 2015.

Current situation

SP500 remained in a flat. Buyers could not break the resistance of 2120. The resistance stands at 2120, the support lies at 2100.

MACD is in a positive area. The signal line is above the histogram. The indicator shows a divergence on the 4 hour chart. RSI is in a neutral zone giving no signal. Moving Average (50) acts as a support. The index is close to the historical highs at the daily chart.

Trading recommendations

The overall outlook remains bullish. Once we break above the 2120 level, we think that the 2130 level will be next.




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

[ValdisFFS]

"Fort Financial Services"- technical analysis.

10.06.2016

Euro

General overview

The euro fell against the US dollar due to the strengthening of the US currency and Mario Draghi’s speech. Mario Draghi called on national governments to help the ECB to accelerate the economic growth and the inflation in the region. The regulator warned that the lack of economic reforms makes the task of the Central Bank harder.

Current situation

The dollar reversed some of its losses yesterday. The pair fell by 0.68%. Traders started to close their long positions that caused the euro sales. The pair fell from the level of 1.1416 to the support 1.1300. The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area. The histogram is below its signal line. MACD decreased giving a sell signal. RSI is in a neutral zone giving no signal. The price is above Moving Averages (50, 100 and 200) at the daily time-frame. The Moving Averages crossed each other on the 4 hour time frame, showing that the price changed its direction.

Trading recommendations

We believe that the pair shall continue its correction and will decrease further. The price may stay for a while on the support at 1.1300 to continue its decrease later. We assume the mark 1.1200 is the sellers’ target.



Pound

General overview

On Thursday, the pair kept weakening as the market was concerned about the upcoming referendum results. The published statistics in the UK could not support the pound.

Current situation

The pair GBP/USD was less volatile yesterday. The price spent the day in the narrow range: 1.4525 –1.4440. Sellers tried to push the price down but failed and the price spent the day at the level of 1.4480.
The resistance lies at 1.4560, the support is at 1.4480.

MACD is on the zero line. The signal line is above the histogram. MACD decreased yesterday. That is a sell signal. RSI is in a neutral zone giving no signal. The Moving Average (200) does not let the pound to fall further on the 4 hour time frame.

Trading recommendations

We are still bearish. The 200 Moving Averages works as a support. If the price breaks below the level of 1.4480 the pair shall decrease to 1.4400 level. Otherwise we will see a bounce upwards to 1.4560.



Yen

General overview

The uncertainty in global financial markets made investors look for safety assets: the US dollar and the Japanese yen. Meanwhile, the US dollar rose when Initial Jobless Claims unexpectedly fell (264K vs. expectations 270K).

Current situation

The tone remained negative in the market. The yen remained at the local lows staying in a range 106.80 – 106.25. The pair began to grow at Asian session. Its quotes could break the level 107.00. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area. MACD may continue its growth today. That might be a buy signal. RSI is still near the oversold level of 30. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour graphic. The pair is on its historical lows at the daily chart.

Trading recommendations

The USD/JPY is oversold and we expect a correction. The levels of 107.00 and 108.00 are its targets.



NZD

General overview

The New Zealand dollar grew by 0.49% when the Reserve Bank of New Zealand did not change the interest rate.

Current situation

The NZD/USD jumped upwards. The pair grew with the gap and stopped at 0.7150. The pair spent the day in a range: 0.7100 – 0.7150. The tone is still positive in the market. The resistance stands at 0.7150, the support comes in at 0.7050.

MACD is in a positive area and shows a buy signal. The indicator RSI is above 70 and is overbought. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart. The Moving Averages are growing. That is a buy signal.

Trading recommendations

We prefer to wait and see the further dynamics. The pair is overbought and formed a gap. The price may decrease soon. Shall the pair decrease it will drop to 0.6900 (50 Moving Average).



GOLD

General overview

The upcoming referendum in the UK together with the Fed meeting next week are the main drivers for the gold metal. We believe that the dollar dynamics shall set the tone of the gold.

Current situation

The gold quotes continued to grow yesterday. The futures spent the Asian and European sessions in a flat.
The unemployment statistics in the USA supported the metal and its quotes grew from the support 1260 to the mark 1270 at the American session. The resistance is at 1280, the support lies at 1260.

MACD is in a positive area. The signal line is in the histogram. MACD grew yesterday and showed a buy signal. RSI is in the overbought level of 70. The price is above Moving Averages (50, 100 and 200). The MA (200) is a support on the daily chart now.

Trading recommendations

The gold is close to the strong resistance 1280. The gold futures fell from this level last time in May. The gold may decrease to the level 1260 to continue the growth from it. Nevertheless the further dynamics of gold depends on the next Fed meeting results.



Brent

General overview

The Brent futures fell after updating the year highs on Thursday morning. The moderate recovery of the US dollar and investors’ desire to take profits became the main drivers for the Brent correction.

Current situation

The oil quotes continued their growth. The price set a new high at 52.50. The oil trend looks bullish. The resistance comes in at 52.50, the support lies at 51.50.
MACD is in a positive area, its signal line left the histogram.

MACD decreased yesterday. If MACD decreases it will give a sell signal. RSI is still close to the overbought level of 70. The Brent quotes are above Moving Averages (50, 100 and 200). The price is close to the historical highs at the daily chart –
the mark of 54.00.

Trading recommendations

The Brent may continue its correction and fell to the mark of 50.50 where the Moving Average (50) is located.



Dax30

General overview

The European stock indexes declined two days in a row. The concerns about the future of the global economy continued to pressure investors. Mario Draghi (head of the European Central Bank) urged leaders to support the Eurozone economy.


Current situation

The index decreased yesterday. The price fell from 10226 to the mark 10023. The resistance comes at 10175, the support is at 1000.

MACD is in the negative area and gives a sell signal. RSI is close to the oversold area. The index fell through Moving Averages 50 and 200. Moving Average 100 stopped is decrease.

Trading recommendations

We expect the decrease shall be continued. Sellers seem to want seeing the price at the level of 9760.



NASDAQ

General overview

The USA indices fell due to the oil quotes and the US Treasuries decrease. The strengthening of the dollar also weakened the index.

Current situation

Nasdaq remained in a flat. The index decreased from 4517 to the support 4500. Sellers could not push the price down and the quotes remained at the current support level. The price remained between two levels: 4550 and 4500.

MACD is on the zero line and gives no signal. RSI is in a neutral zone giving no signal. Moving Average (50) acts as a resistance now.

Trading recommendations

The break below the support of 4500 shall send the price to the mark 4460 (Moving Average 100). Otherwise we will see a bounce upwards



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

[ValdisFFS]

"Fort Financial Services"- technical analysis.

10.06.2016

Euro

General overview

The euro fell against the US dollar due to the strengthening of the US currency and Mario Draghi’s speech. Mario Draghi called on national governments to help the ECB to accelerate the economic growth and the inflation in the region. The regulator warned that the lack of economic reforms makes the task of the Central Bank harder.

Current situation

The dollar reversed some of its losses yesterday. The pair fell by 0.68%. Traders started to close their long positions that caused the euro sales. The pair fell from the level of 1.1416 to the support 1.1300. The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area. The histogram is below its signal line. MACD decreased giving a sell signal. RSI is in a neutral zone giving no signal. The price is above Moving Averages (50, 100 and 200) at the daily time-frame. The Moving Averages crossed each other on the 4 hour time frame, showing that the price changed its direction.

Trading recommendations

We believe that the pair shall continue its correction and will decrease further. The price may stay for a while on the support at 1.1300 to continue its decrease later. We assume the mark 1.1200 is the sellers’ target.



Pound

General overview

On Thursday, the pair kept weakening as the market was concerned about the upcoming referendum results. The published statistics in the UK could not support the pound.

Current situation

The pair GBP/USD was less volatile yesterday. The price spent the day in the narrow range: 1.4525 –1.4440. Sellers tried to push the price down but failed and the price spent the day at the level of 1.4480.
The resistance lies at 1.4560, the support is at 1.4480.

MACD is on the zero line. The signal line is above the histogram. MACD decreased yesterday. That is a sell signal. RSI is in a neutral zone giving no signal. The Moving Average (200) does not let the pound to fall further on the 4 hour time frame.

Trading recommendations

We are still bearish. The 200 Moving Averages works as a support. If the price breaks below the level of 1.4480 the pair shall decrease to 1.4400 level. Otherwise we will see a bounce upwards to 1.4560.



Yen

General overview

The uncertainty in global financial markets made investors look for safety assets: the US dollar and the Japanese yen. Meanwhile, the US dollar rose when Initial Jobless Claims unexpectedly fell (264K vs. expectations 270K).

Current situation

The tone remained negative in the market. The yen remained at the local lows staying in a range 106.80 – 106.25. The pair began to grow at Asian session. Its quotes could break the level 107.00. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area. MACD may continue its growth today. That might be a buy signal. RSI is still near the oversold level of 30. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour graphic. The pair is on its historical lows at the daily chart.

Trading recommendations

The USD/JPY is oversold and we expect a correction. The levels of 107.00 and 108.00 are its targets.



NZD

General overview

The New Zealand dollar grew by 0.49% when the Reserve Bank of New Zealand did not change the interest rate.

Current situation

The NZD/USD jumped upwards. The pair grew with the gap and stopped at 0.7150. The pair spent the day in a range: 0.7100 – 0.7150. The tone is still positive in the market. The resistance stands at 0.7150, the support comes in at 0.7050.

MACD is in a positive area and shows a buy signal. The indicator RSI is above 70 and is overbought. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart. The Moving Averages are growing. That is a buy signal.

Trading recommendations

We prefer to wait and see the further dynamics. The pair is overbought and formed a gap. The price may decrease soon. Shall the pair decrease it will drop to 0.6900 (50 Moving Average).



GOLD

General overview

The upcoming referendum in the UK together with the Fed meeting next week are the main drivers for the gold metal. We believe that the dollar dynamics shall set the tone of the gold.

Current situation

The gold quotes continued to grow yesterday. The futures spent the Asian and European sessions in a flat.
The unemployment statistics in the USA supported the metal and its quotes grew from the support 1260 to the mark 1270 at the American session. The resistance is at 1280, the support lies at 1260.

MACD is in a positive area. The signal line is in the histogram. MACD grew yesterday and showed a buy signal. RSI is in the overbought level of 70. The price is above Moving Averages (50, 100 and 200). The MA (200) is a support on the daily chart now.

Trading recommendations

The gold is close to the strong resistance 1280. The gold futures fell from this level last time in May. The gold may decrease to the level 1260 to continue the growth from it. Nevertheless the further dynamics of gold depends on the next Fed meeting results.



Brent

General overview

The Brent futures fell after updating the year highs on Thursday morning. The moderate recovery of the US dollar and investors’ desire to take profits became the main drivers for the Brent correction.

Current situation

The oil quotes continued their growth. The price set a new high at 52.50. The oil trend looks bullish. The resistance comes in at 52.50, the support lies at 51.50.
MACD is in a positive area, its signal line left the histogram.

MACD decreased yesterday. If MACD decreases it will give a sell signal. RSI is still close to the overbought level of 70. The Brent quotes are above Moving Averages (50, 100 and 200). The price is close to the historical highs at the daily chart –
the mark of 54.00.

Trading recommendations

The Brent may continue its correction and fell to the mark of 50.50 where the Moving Average (50) is located.



Dax30

General overview

The European stock indexes declined two days in a row. The concerns about the future of the global economy continued to pressure investors. Mario Draghi (head of the European Central Bank) urged leaders to support the Eurozone economy.


Current situation

The index decreased yesterday. The price fell from 10226 to the mark 10023. The resistance comes at 10175, the support is at 1000.

MACD is in the negative area and gives a sell signal. RSI is close to the oversold area. The index fell through Moving Averages 50 and 200. Moving Average 100 stopped is decrease.

Trading recommendations

We expect the decrease shall be continued. Sellers seem to want seeing the price at the level of 9760.



NASDAQ

General overview

The USA indices fell due to the oil quotes and the US Treasuries decrease. The strengthening of the dollar also weakened the index.

Current situation

Nasdaq remained in a flat. The index decreased from 4517 to the support 4500. Sellers could not push the price down and the quotes remained at the current support level. The price remained between two levels: 4550 and 4500.

MACD is on the zero line and gives no signal. RSI is in a neutral zone giving no signal. Moving Average (50) acts as a resistance now.

Trading recommendations

The break below the support of 4500 shall send the price to the mark 4460 (Moving Average 100). Otherwise we will see a bounce upwards



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

[ValdisFFS]

"Fort Financial Services"- technical analysis.

13.06.2016

Euro

General overview

The euro got under pressure when Mario Draghi (the European Central Bank Governor) warned the market that the weak economic growth in the Eurozone could lead to a "long-term losses."

Current situation

The pair EUR/USD spent almost the whole Friday at the level of 1.1300. The pair consolidated after a sharp decrease that had happened a day earlier. The EUR/USD returned to a decrease at the American session and ended the trading week in the red zone at the mark of 1.1250. The resistance is at 1.1300, the
support is at 1.1250.

MACD is in the negative area. The histogram is below its signal line. MACD decreased, that is a sell signal. RSI is closed to the oversold area. That is a sell signal too. The price broke through Moving Averages (50, 100 and 200) on the 4 hour chat. The Moving Averages crossed each other on the 4 hour time frame, showing that the price is changing its direction.

Trading recommendations

Even though the indicators look bearish we prefer to stay away from a trading before the Fed meeting.
The market is going to be volatile that increases risks.

If we decide to sell we would wait for the price to consolidate below Moving Averages (50, 100 and 200) on the 4 hour chart. Another sell signal is MACD in the negative area. The sellers’ target is the level 1.1200. Otherwise we would see a bounce upwards to 1.1370.



Pound

General overview

The British pound fell against the dollar due to concerns regarding the upcoming referendum on 23 rd of June. According to Timex/YouGov 43% of Britons would vote to stay in the union and 42% would leave it.

Current situation

The sellers were able to drive the pair lower. The quotes decreased and broke the levels 1.4400, 1.4320 and 1.4240. After breaking the mark 1.4240 the pound reversed some of its losses and ended the trading week at 1.4253. The resistance is at 1.4320, the support come in at 1.4240.

MACD is in the negative area. The signal line is in the histogram. MACD decreased, that is a sell signal.
RSI is in the oversold zone. The price broke Moving Averages (50, 100 and 200) on the 4 hour chart. That is a sell signal. The price is close to the strong support at 1.4150 on the daily chart.

Trading recommendations

The price is oversold and it may bounce upwards to the strong level 1.4400. If we see the price below the support 1.4320 we would sell to 1.4150



Yen

General overview

The yen is under pressure on the eve of Japanese and the USA Central Bank meetings. The referendum in the Great Britain is another factor that pressured the yen. We believe that the industrial production and retail sales report in China may well set the tone for trading in the new week.

Current situation

The yen spent last Friday at the level 107.00. The pair remained in a range between levels of 106.60 and 107.30. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area, the histogram is growing. MACD shows a convergence (that is a strong reversal signal). RSI is still close the oversold level of 30. That is a buy signal. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour chart. The pair is on its lows from 2014 at the daily chart.

Trading recommendations

The USD/JPY is still oversold and we expect a correction. Once we break above the 107.00 level, we assume that the 108.00 level will be next



CAD

General overview

On one hand Initial Jobless claims in the USA supported the dollar that grew in the USA/CAD. On the other hand the oil quotes decrease dispelled the demand for the Canadian dollar. Both these factors helped the pair to recover.

Current situation

The USD/CAD showed volatile trades last Friday. The pair fell in the European session, still sellers were not able to move the price below 1.2680. The USD/CAD quotes reversed some of the losses in the American session when the price started to grow. The trades ended at the level of 1.2780. The resistance
stands at 1.2800, the support comes in at 1.2680.

MACD is in the negative area, the histogram is growing. That is a buy signal. The indicator RSI is in the neutral area. The price is below Moving Averages (50, 100 and 200) on the 4 hour chart. The price is on the strong level from 2015 on the daily chart.

Trading recommendations

We believe the pair will correct as it is oversold and is on the strong support on the daily chart. The MACD is growing. The RSI bounced off the oversold area. In addition the price went too far from the Moving Averages and shall grow to them. We believe the pair shall reverse to 1.3000.

As an alternative scenario the pair may decrease to the round level 1.2500.



GOLD

General overview

Low expectations that the USA regulator will hike the rate this month supported the gold last week.

Current situation

The gold quotes continued their growth on Friday. The futures spent the Asian session in a correction that ended at the European one. The gold was growing and almost reached the resistance at 1280. The resistance is at 1280, the support lies at 1260.

MACD is in a positive area. The signal line is in the histogram. MACD grew on Friday that is a buy signal. RSI is in the overbought level of 70. That is a sell signal. The price is above Moving Averages (50, 100 and 200).

Trading recommendations

The gold is close to the strong resistance 1280 on the daily chart. Besides the metal is overbought. The gold may start a correction soon. The sellers’ target is the mark 1200. Nevertheless we recommend staying away from trading before the situation about the USA rates becomes clear. The gold futures may keep growing if the Fed leaves the rates unchanged



Brent

General overview

Brent fell after reaching almost yearly highs. The correction happened due to the strengthening of the dollar. However, refineries and supply disruptions from Nigeria still support the oil.

Current situation

The oil quotes stopped their growth. The Brent decreased and broke a number of levels on its way: 52.50, 51.50. The oil futures ended the week at the mark 50.50. The resistance comes in at 51.50, the support lies at 50.50.

MACD is still in the positive area, its signal line left the histogram. MACD is decreasing and that is a sell signal. RSI is still close to the oversold level of 30. The Brent quotes stopped at the 50 Moving Average that did not let the Brent to fall.

Trading recommendations

The Brent looks oversold and may slow down its decrease. The quotes shall wait for new drivers, such as the Fed meeting results and Weekly Crude Oil Stock report.

The Brent has all chances to bounce off. If the quotes bounce they will grow back to 52.50. If the prices advance lower 50.50 the decrease will be continued



Dax30

General overview

On Friday, the European stock indexes fell due to oil prices decrease and Mario Draghi’s comments.

Current situation

The index started Friday with a gap down. The price fell from 10085 to the mark 9760. The DAX broke on its way the level 1000 and touched the level of 9760. The resistance comes in at 1000, the support is at 9760.

MACD is in the negative area that is a sell signal. RSI is in the oversold area. The index fell through Moving Averages 50, 100 and 200. The level 9760 is a strong support on the daily chart.

Trading recommendations

The index is oversold. We expect a correction after a three days decrease. Shall the Dax30 increase it will grow to 1000. The support 9760 does not let the index to fall. If this level is broken DAX30 will fall deeper to 9570



SP500

General overview

The USA Bonds Market decreased its volatility before the major event in the month – the Fed meeting regarding the USA rates hike.

Current situation

The index showed active trades on Friday. Most of the day SP500 was decreasing with several stops at 2100 and 2095. The index bounced off from 2095 to 2103. However that turned out to be a short break that ended with resumption to a decrease. SP500 ended the week at 2086, the same level that a week ago.
The resistance comes at 2100, the support is at 2086.

MACD is in the negative area that is a bearish signal. RSI is close to the oversold area. The index broke through the 50 Moving Average and stopped on the 100 Moving Average.

Trading recommendations

The index is oversold so we may see a correction today. The main trend is bullish on the daily chart. Besides the price is close to the 50 Moving Average and may bounce from it as it did before. If we do not see a break below the support 2086 the price will return to the growth.



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