"Fort Financial Services"- fundamental and technical analysi

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Tue Mar 21, 2017 3:03 pm

"Fort Financial Services"- fundamental and technical analysis.

22.03.2017

Euro

General overview

The euro strengthened on Tuesday as tensions around the French election calmed down.

Current situation

The growing selling pressure around the US dollar allowed the euro to extend its gains. Buyers reversed their recent losses in the night and managed to break above 1.0750. Bulls kept pushing the price higher afterwards and reached 1.0800 in the European morning. The level did not stop the upward momentum and the single European currency extended its bullishness till the NY session opening. The 4 hours chart showed that the major continued developing well above the moving averages. The 50 and 100 EMAs maintained their bullish slope while the 200-EMA stayed neutral. The 100-EMA tested the 200-EMA in the same chart. The resistance is at 1.0800, the support comes in at 1.0750.

The MACD histogram grew which is a buy signal. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

We believe that this is essentially a “buy only” market at the moment. A sharp breakout above 1.0800 could spark a further incline towards 1.0850.

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Pound

General overview

The pound grew when UK February CPI jumped beyond expectations. Mark Carney’s speech was in focus on Tuesday as well.

Current situation

After a directionless stance during the Asian session the pound became active in the morning. The price spiked in the European morning. Buyers broke 1.2400 and advanced further afterwards. The upward momentum lost steam a few pips below 1.2500. The major crossed the 200-EMA upwards in the 4 hours timeframe. The 100 and 200 EMAs kept heading lower while the 50-EMA maintained its bullish slope in the mentioned chart. The resistance lies at 1.2400, the support comes in at 1.2300.

MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved upwards.

Trading recommendations

A further extension to 1.2500 is not ruled out. If buyers gather enough steam they can reach 1.2550 in the coming days.

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Yen

Current situation

The US dollar managed to recover some ground during the night session on Tuesday. However, the recovery was short-lived, a selling pressure around the greenback emerged in the morning and returned the major to a downside. The spot edged lower and erased all its night gains during the European session. The pair reached opening prices ahead of the NY opening. The major continued developing well below the moving averages in the 4 hours chart. The 100 and 200 EMAs were neutral while the 50-EMA kept heading lower in the same chart. The resistance is highlighted at 113.00, the support comes in at 112.00.

MACD declined which indicates the sellers’ positions strength. RSI returned to the oversold readings.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension. The nearest target remains the support level 112.00.

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USD/CAD

General overview

The Canadian dollar strengthened ahead of Canadian Retail Sales report. Moreover, the overall US dollar weakness supported the major. Meanwhile, traders are looking forwards to Fed representative speeches on Thursday.

Current situation

The USD/CAD left its consolidation phase and edged lower on Tuesday. Sellers broke 1.3330 in the morning and continued pushing the spot lower afterwards. The major preserved its ask tone in the second part of the day. According to 4 hours chart the price was below the 100-EMA. The 100 and 200 EMAs kept pointed higher while the 50-EMA maintained its bearish slope in the same timeframe. The resistance is highlighted 1.3330, the support comes in at 1.3260.

MACD declined which indicates the sellers’ positions strengthening. RSI headed south.

Trading recommendations

A firm break below 1.3330 handle could trigger fresh weakness for attack at 1.3260.

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XAU/USD

General overview

Gold remained bullish on Tuesday amid a broad based US dollar weakness. The precious metal received support from the uncertainty around French elections.

Current situation

Gold retained a neutral, short-term undertone on Tuesday. The precious metal was sandwiched between 1228 and 1235 during the night and day trades. The metal reversed some Monday's losses during the Asian hours. However, bulls just had enough strength to break 1230. The spot stayed around the level afterwards. The XAU/USD pair bounced off 200-EMA upwards in the 4 hours timeframe. The 100-EMA crossed the 200-EMA downwards. The 50-EMA and the 200-EMA pointed higher while the 100-EMA kept heading lower in the mentioned chart. The resistance is highlighted 1230, the support comes in at 1220 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

Should the gold recover ground and advance beyond the 1230 level, the rally can extend in the short term up to 1240 first.

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Brent

General Overview

Oil prices remained positive on the news that OPEC may extend its supply cut. Investors waited for U.S. crude stocks figures late in the session to get fresh guidelines.

Current situation

Monday’s recovery stalled at 51.80 dollars per barrel in the night. Brent oil futures remained rather unchanged during the night trades. The European morning brought some buying interest. The benchmark left the Asian flat and climbed to 52.25 where the upward impetus lost its momentum. According to 4 hours chart black gold tested the 50-EMA upwards. The moving averages kept heading lower in the same timeframe. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

MACD grew which indicates the sellers’ positions weakening. RSI remained within neutral territory.

Trading recommendations

Buyers do not have enough strength to move Brent higher. Failure to hold above the 51.50 mark risks a slide to the support level of 50.50 dollars per barrel.

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DAX

General overview

DAX remained positive on Tuesday following the growth of financial and Oil & Gas sectors.

Current situation

DAX remained flat on Tuesday. The index was confined to a well limited range between 12100 and 12050. The benchmark gapped higher at the open, however, the upward trajectory stalled at the upper limit of the range. The price pulled back afterwards but remained around 12100. The index continued developing well above its moving averages in the 4 hours timeframe. The 50, 100 and 200 EMAs maintained their bullish slope in the mentioned chart. The resistance exists at 12100, the support stands at 12000.

MACD decreased which indicates the buyers’ positions weakening. RSI remained within neutral territory.

Trading recommendations

If the price succeeds and fixes below the level of 12000, the market may start a new descending correction towards 11900 area. If the level stands DAX will aim at 12200.

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NASDAQ

General overview

Wall Street maintained its positive mode on Tuesday awaiting for Fed speakers late in the American session.

Current situation

NASDAQ remained around its fresh highs on Tuesday. The index reversed its recent losses in the Asian session. Traders broke the 5420 level in the night and hovered above the handle in the morning and the first part of the day. According to 4 hours chart the benchmark remained above the moving averages which were all pointing higher. The resistance is at 5460, the support comes in at 5420.

The MACD histogram grew which indicates buyers’ strength. RSI oscillator stayed near overbought levels.

Trading recommendations

We expect a limited pull back to 5380 where the upward trend line lies. If the support level of 5420 breaks, the index may fall further that should send this market looking for the 5380 level. If the line stands the index will refresh its highs testing 5460.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Thu Mar 23, 2017 3:05 pm

"Fort Financial Services"- fundamental and technical analysis.

24.03.2017

Euro

General overview

Consumer Confidence Survey in Germany came in below expectations weighing on the euro. The US dollar weakened as well ahead of Trumpcare bill vote scheduled later in the NA session. Besides, traders waited for J.Yellen’s speech alongside with other Fed officials. Investors hoped to get fresh hints regarding the next Fed rate hike action.

Current situation

The EUR/USD remained unchanged on Thursday morning. The spot remained in an upward channel approaching its lower limit. The euro bounced from 1.0800 and headed lower in the European morning. The 4 hours chart showed that the spot continued developing well above the moving averages. The 50 and 100 EMAs kept heading higher while the 200-EMA remained neutral in the mentioned timeframe. The resistance is at 1.0800, the support comes in at 1.0750.

MACD decreased which indicates the buyers’ positions weakening. RSI was neutral.

Trading recommendations

The ongoing pull back could be attributed to some profit taking from bulls. The euro may decline to 1.0750 where the upward trend line lies. The line may reject the major upwards. If bulls retain control the 1.0800 and 1.0850 levels could become an attractive price for investors.

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Pound

General overview

The pound strengthened on Thursday in the light of a strong Retail Sales report.

Current situation

The pound extended its gains on Thursday. Traders held the cable around 1.2500 the whole night flirting with the level. Bulls made another attempt to break through post London open. This attempt like the previous ones was unsuccessful. The price continued developing well above the moving averages in the 4 hours chart. The 50 and 100 EMAs pointed higher while the 200-EMA was neutral in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD remained at the same level which confirms the strength of buyers. RSI oscillator stayed near overbought levels.

Trading recommendations

If the cable manages to consolidate above the 1.2500 mark the next target for this pair is the resistance level of 1.2600.

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Yen

General overview

The US dollar weakened vs. the yen amid growing uncertainty over Trump's ability to deliver his Health Care promises.

Current situation

The Wednesday’s recovery stalled at 111.60. After posting the session high the major reversed its direction. Sellers regained control and pushed the US dollar lower in the night. The major was declining the whole night and the morning reaching 111.00 in the mid-European session. According to 4 hours chart the pair USD/JPY continued developing well below the moving averages. The 50-EMA crossed the 100 and 200 EMAs downwards. The moving averages pointed lower in the mentioned chart. The resistance is highlighted at 112.00, the support comes in at 111.00.

MACD declined which indicates the sellers’ positions strength. The RSI oscillator moved downwards.

Trading recommendations

USD/JPY is having difficulties to go higher. We still hold the view that the pair will likely to extend its losses. A downtrend will be continued as soon, as the USD/JPY pair drops below the support level 111.00.

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NZD/USD

General overview

The kiwi stayed unchanged after the RBNZ left its rates unchanged at a record low of 1.75%.

Current situation

The NZD/USD pair remained in a narrow sideways channel on Thursday. The price stayed between 0.7050 and 0.7025 going up and down between levels. The 4 hours chart showed that the spot stayed above the 100 and 50 EMAs and remained below the 200-EMA. 50-EMA crossed the 100-EMA upwards. The 100 and 200 EMAs maintained their bearish slope while the 50-EMA kept heading higher. The resistance is highlighted 0.7050, the support comes in at 0.7000.

MACD slightly decreased which indicates the buyers’ positions weakening. RSI remained within neutral territory.

Trading recommendations

We cannot rule out the chance that the pair would try to get to the level at 0.7100 in the nearest future.

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XAU/USD

General overview

Gold prices retreated from three week high awaiting for vote on the American Health Care Act in the US Congress.

Current situation

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately pulled back. The precious metal reached the 1245 in the night and stayed around the mark the first part of the day. According to 4 hours chart the gold price continued developing well above the moving averages. The 50-EMA crossed the 100-EMA upwards. The 50 and 200 EMAs maintained their bullish slope while the 100-EMA kept heading lower in the mentioned chart. The resistance is highlighted 1250, the support comes in at 1240 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

All eyes are right now at the support level 1240 dollars per ounce. If buyers failed to break above the current resistance sellers will regain control. If buyers succeed to retake the hurdle out next level to focus on is 1250.

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Brent

General Overview

Oil prices ignored the U.S. inventories growth awaiting for the US oil rig count numbers on Friday.

Current situation

Brent gapped upwards in the early Asians session and jumped to 51.00 where the benchmark remained the first part of the day. Oil prices stayed below the moving averages which were all pointing lower in the 4 hours chart. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

MACD grew which indicates the sellers’ positions weakening. The RSI indicator lost upward momentum and moved downwards.

Trading recommendations

We believe the bearish momentum will persist. A firm break below 50.50 handle could trigger fresh weakness for attack at 49.50 dollars per barrel.

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DAX

General overview

European stocks carried more cautious trade on Thursday as markets were concerned whether Trump would be able to gather enough support for his healthcare bill.

Current situation

DAX traded flat on Thursday staying in a tight range above 11900. Any buyers' attempt to push the benchmark higher faced selling pressure. The 4 hours chart showed that the index was sandwiched between the 100-EMA and the 200-EMA. The 50 and 100 EMAs pointed lower while the 200-EMA maintained its bullish slope in the same timeframe. The resistance exists at 12000, the support stands at 11900.

MACD remained at the same level which confirms the strength of sellers. RSI headed downwards which confirms the strength of sellers.

Trading recommendations

The level 11900 is an important defense line for buyers. A break below the level will open the way to 11800. If the level stands the DAX index will reverse its recent losses growing to 12000 – 12050.

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NASDAQ

General overview

Wall Street held still ahead of Congress’ vote on Trump’s healthcare bill later the day.

Current situation

The index extended its recovery in the Asian session. Bulls reached 5380 where they lost steam. NASDAQ turned around and started to lose ground in the morning. The benchmark eased a bit in the first part of the day. The price tried to grow above the 100-EMA but failed and returned below it in the 4 hours chart. The 50 and 100 EMA were neutral while the 200-EMA kept heading higher in the same chart. The resistance is at 5380, the support comes in at 5340.

MACD grew which indicates the sellers’ positions weakening. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension towards the support level of 5340.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Sun Mar 26, 2017 2:46 pm

"Fort Financial Services"- fundamental and technical analysis.

27.03.2017

Euro

General overview

The Euro strengthened amid upbeat Manufacturing and Composite PMIs in Germany, France and Eurozone. The mentioned index in Germany reached the strongest levels in nearly six years. The US dollar weakened following the decline in the treasury yields which became another supportive factor for the single currency.

Current situation

The EUR/USD remained in bulls' hands on Friday. The euro touched the lower limit of the upward channel in the night and bounced upwards. The price spiked from 1.0760 to 1.0800 in the European morning and stayed there till the NY session. According to 4 hours chart the pair EUR/USD continued developing well above the moving averages. The 50 and 100 EMAs maintained their bullish slope while the 200-EMA was neutral in the same timeframe. The resistance is at 1.0800, the support comes in at 1.0750.

The MACD histogram grew which is a buy signal. The RSI oscillator moved upwards.

Trading recommendations

Once we break above the 1.0800 level, we think that the 1.0850 level will be next.

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Pound

General overview

The US dollar recovery in tandem with weak UK' BBA Mortgage Approvals weighed on the pound on Friday.

Current situation

The GBP/USD pair maintained its bullish structure intact on Friday. The spot moved away from the upper limit of the channel during the night and stopped around its lower limit in the European morning. The pair remained unmoved during the day preserving its positions around 1.2500. The 4 hours chart showed that the major remained above the moving averages. The 50 and 100 EMAs pointed higher while the 200-EMA was neutral in the mentioned timeframe. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD decreased which indicates the buyers’ positions weakening. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

A move above the level of 1.2500 will favor an advance up to the 1.2600 region.

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Yen

General overview

The yen slightly weakened vs. the US dollar after disappointing Japanese Manufacturing PMI.

Current situation

The night recovery lost legs after touching 111.50. The mark rejected the major which fell to the opening prices at once. The US dollar preserved its negative bias during the day advancing to 111.00. The spot was below the moving averages in the 4 hours chart. The 50 and 100 EMAs kept heading lower while the 200-EMA was neutral in the same chart. The resistance is highlighted at 112.00, the support comes in at 111.00.

MACD declined which indicates the sellers’ positions strengthening. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

We believe the US dollar will maintain its bearish tone in the short-term. A firm break below 111.00 handle would open 110.00.

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USD/CAD

General overview

The Canadian dollar lost its upside momentum suffering the persistent weakness amid weak crude oil prices.

Current situation

The US dollar bounced off 1.3330 and recovered up to 1.3375 where the buying momentum faded. The price turned around in the mid-Asian session and started losing ground afterwards. USD/CAD continued its slide during the European morning and the day. The pair tried to break the 50-EMA upwards but failed and returned below the moving. The 50-EMA kept heading lower, the 100-EMA was neutral while the 200-EMA pointed higher in the mentioned timeframe. The resistance is highlighted 1.3400, the support comes in at 1.3330.

MACD indicator was 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


A break below the 1.3330 mark may suggest further weakness to the support level of 1.3260.

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XAU/USD

Current situation

Gold prices remained in a near-term upward channel. The price reached the lower limit of the channel where the spot found some support. The yellow metal bounced off the trend line and reversed the half of its night losses ahead of the NY opening. The 4 hours chart showed that the spot continued developing well above the moving averages. The 50 and 200 EMAs pointed higher while the 100-EMA was neutral in the same timeframe. The resistance is highlighted 1250, the support comes in at 1240 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

If gold prices fail to find strength to recover the spot may turn bearish. A sharp breakout below 1250 could spark a further incline towards 1240 dollars per ounce.

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Brent

General Overview

Oil prices reversed some losses on Friday. However, the benchmark remained under pressure as concerns about global glut still weigh.

Current situation

After a sell-off on Thursday Brent oil prices continued their recovery on Friday. The price pushed away from 50.50 and grew to 51.00 in the mid-European session. According to 4 hours chart the benchmark continued developing well below the moving averages. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

MACD grew which indicates the sellers’ positions weakening. RSI remained within neutral territory.

Trading recommendations

We still hold the view that oil prices will struggle to climb north towards 51.50 dollars per barrel.

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DAX

General overview

European stocks opened in red on Friday on expectations of a highly-anticipated vote on U.S. President Donald Trump’s healthcare bill.

Current situation

After Thursday’s rally DAX was neutral on Friday. The index returned to the upward channel and was trying hard to reverse further losses during the day. The index broke the 50 and 100 EMAs upwards in the 4 hours chart. The moving averages pointed higher in the mentioned timeframe. The resistance exists at 12100, the support stands at 12000.

MACD grew which indicates the sellers’ positions weakening. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

A failure to hold above the support level of 12000 risks a slide to 11900.

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S&P500

Current situation

S&P500 remained neutral on Friday. The index had been trading sideways around 2340 for three days gathering steam for fresh actions. The price was below the moving averages in the 4 hours timeframe. The 50 and 100 EMAs kept heading lower and the 200-EMA maintained its bullish slope in the same chart. The resistance is at 2360, the support comes in at 2340.

MACD grew which indicates the sellers’ positions weakening. The RSI oscillator moved downwards.

Trading recommendations

If the current weakness persists a further extension towards 2340 and 2320 is not ruled out.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Mon Mar 27, 2017 2:31 pm

"Fort Financial Services"- fundamental and technical analysis.

28.03.2017

Euro

General overview

The upbeat German IFO surveys for March supported the euro on Monday while the US dollar weakened across the board after Donald Trump's defeat with his health-care bill in Congress.

Current situation

The euro extended its vertical rise on Monday. The major gapped upwards at the open and maintained its bid ton afterwards. Buyers were pushing the price upwards the whole night and reached 1.0850 by the morning. The EUR/USD continued growing in the European session as well. The pair EUR/USD stayed well above its moving averages in the 4 hours chart. The 50, 100 and 200 EMAs maintained their bullish slope in the same timeframe. The resistance is at 1.0900, the support comes in at 1.0850.

The MACD histogram grew which indicates buyers’ strength. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

The trend is clearly bullish for now. We believe a further extension to 1.0900 is not ruled out now.

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Pound

General overview

Theresa May visited Scotland to meet the Scottish First Minister. The British PM plans to discuss with her colleague her plans how to reunite the nation ahead of the Brexit.

Current situation

The pound was stronger on Monday. Buyers broke 1.2500 at the daily open. The price was trending upwards the whole night and approached 1.2600 in the European morning. Buyers took a breather after the Asian rally during the European trades allowing a brief phase of consolidation in GBP/USD. According to 4 hours chart the price continued developing well above the moving averages. The 50-EMA crossed the 200-EMA upwards. The moving averages pointed higher in the same chart. The resistance lies at 1.2600, the support comes in at 1.2500.

The MACD histogram grew which is a buy signal. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

The major is likely to regain poise and resume upmove in the coming sessions. All eyes are right now at the resistance level of 1.2600.

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Yen

General overview

The Trump's failure to pass his Healthcare bill through the Congress weighed on the US dollar on Monday. Meanwhile, the yen was supported by fresh strong data.

Current situation

The US dollar opened red on Monday and extended its bearish momentum after that. The spot pushed away from 111.00 in the Asian session and headed towards 110.00. The pair reached the handle post-European open and stayed around the level afterwards. The 4 hours chart showed that the major continued developing well below the moving averages which were all pointing lower. The resistance is highlighted at 111.00, the support comes in at 110.00.

MACD decreased which confirms the strength of sellers. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

We believe the USD/JPY pair will remain under heavy selling pressure in the near-term. A break below 110.00 would open the way for a move to 109.00.

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AUD/USD

Current situation

The AUD/USD pair remained in a flat on Monday. The price stayed in a tight range between 0.7620 - 0.7635 the first part of the day. The spot was sandwiched between the 100 and 200 EMAs in the 4 hours timeframe. The 50 and 100 EMAs kept heading higher while the 200-EMA was neutral in the mentioned chart. The resistance is highlighted 0.7650, the support comes in at 0.7600.

MACD grew which indicates the sellers’ positions weakening. RSI was neutral.

Trading recommendations

A close above the 0.7650 mark will generate a fresh bullish signal for further advance, which could extend to 0.7680.

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XAU/USD

General overview

Gold became more attractive as a safe heaven currency in the light of Trump’s failure to push through the Congress his healthcare reform bill.

Current situation

The precious metal remained in an uptrend on Monday. Gold prices started the day at 1244 with a growth towards 1250 dollars per ounce. The spot broke the mentioned level in the mid-Asian session and extended its rally afterwards. The XAU/USD pair kept on growing the rest of the night and the morning and reached 1260 by the noon. The upmove lost its strength around the hurdle. The spot started a consolidation phase afterwards. According to 4 hours chart the gold prices remained above the moving averages which were all pointing higher. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

The MACD histogram grew which indicates buyers’ strength. RSI moved north which confirms the current upward momentum.

Trading recommendations

If the bullish tone persists we expect a breakout of the level 1260 dollars per ounce in the coming sessions.

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Brent

General Overview

Oil prices remained under pressure as drilling activity in the USA still weighs.

Current situation

Brent opened bearish on Monday. The overall picture remained the same. The benchmark stayed in a flat between 51.00 - 50.50. Sellers led the price from the upper limit of the sideways channel to the lower one through the night. The lower barrier stopped sellers’ advance who continued struggling with the handle afterwards. The price was below the moving averages which were all pointing lower in the 4 hours chart. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

The MACD histogram decreased which is a sell signal. The RSI oscillator moved downwards.

Trading recommendations

After a close below the support at 50.50 we could see the Brent oil price extending its declines down to 49.50 dollars per barrel.

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DAX

General overview

European stocks moved lower on Monday following the decline in mining and banking sectors after Trump’s failure to pass his bill through the Congress. The market was full of worries that a failure here may lead to others, such as tax reform or infrastructure spending.

Current situation

DAX gapped lower at the weekly open. Sellers extended their gains after the gap and broke the level 12000. DAX kept moving lower afterwards and almost reached 11900 where the benchmark found fresh bids and returned to the opening price level in the late European session. The price crossed the 50-EMA and pierced the 100-EMA downwards in the 4 hours timeframe. The moving averages pointed higher in the mentioned chart. The resistance exists at 12000, the support stands at 11900.

MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved downwards.

Trading recommendations

When DAX breaks the level 12000 the support 11900 will come back into play.

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NASDAQ

General overview

Wall Street edged lower on Monday as investors doubt that Trump will be able to fulfill his campaign promises after a failure with his Health Care bill. Investors believe he will not succeed with tax cuts and spending either.

Current situation

NASDAQ gapped lower at the daily open. The price jumped from 5380 to 5340. The index tried to extend its bearishness in the night and even reached 5316 when the downward impetus lost its legs and the benchmark returned to 5340. The price bounced off the 50-EMA, crossed the 100-EMA and touched the 200-EMA downwards in the 4 hours timeframe. The 50-EMA turned downwards, the 100-EMA was neutral while the 200-EMA kept heading higher in the same chart. The resistance is at 5340, the support comes in at 5300.

The MACD histogram decreased which indicates the sellers’ strength. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

All eyes are right now at the support level of 5300.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Wed Mar 29, 2017 2:01 pm

"Fort Financial Services"- fundamental and technical analysis.

30.03.2017

Euro

General overview

The US dollar strengthened after the Fed’s Fischer comments who supported the idea of two more rate hikes. There were no macroeconomic releases in the EU.

Current situation

The euro sharply dropped on Tuesday. The price reached the lower limit of the upward channel around 1.0800 in the NY session. Sellers failed to retake the level and stepped back. The spot hovered above the level the whole night. Sellers started a new attack at the level in the morning. They broke the handle at the beginning of the European session and extended their gains afterwards. The pair EUR/USD broke the 50-EMA downwards in the 4 hours chart. The moving averages pointed higher in the same timeframe. The resistance is at 1.0800, the support comes in at 1.0750.

MACD decreased which indicates the buyers’ positions weakening. The RSI indicator held within oversold readings, and headed now south.

Trading recommendations

The US dollar recovery put the pair under renewed downside pressure. Below 1.0800, EUR/USD will likely target 1.0750 support.

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Pound

General overview

The pound weakened ahead of Article 50 launch. All eyes were on UK PM May’s speech later the day.

Current situation

Sellers found a decent support at 1.2400. The pound paused its decline and started a brief phase of consolidation during the Asian trades. Bears loosened their grip in the morning allowing the major to reverse some losses. The pound retreated from its recent lows and reached 1.2450 during the European hours. The spot crossed the 50-EMA downwards and tested the 200-EMA in the 4 hours timeframe. The 50 and 200 EMAs were neutral while the 100-EMA kept heading higher in the mentioned chart. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD entered the negative area. If MACD remains within the negative territory, sellers’ positions will strengthen. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

Even though the pound bounced from oversold readings, the spot was far from an upward continuation. To neutralize the downward pressure buyers need to retake 1.2500 again. Inability to build on a recovery may return sellers to the market. Sellers may drive the cable to 1.2350.

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Yen

General overview

The US dollar recovered across the board getting support from the latest US docket. Investors ignored a weak Japanese Retail Trade release.

Current situation

The US dollar had a positive day on Tuesday. The major pushed away from 110.00 and rallied upwards. Buyers reached 111.00 in the late NY session but failed to reclaim the level. USD/JPY spent the night around the level staying in a consolidation. The major edged lower in the morning amid a profit-taking from buyers after the strong overnight recovery. According to 4 hours chart the price was below the moving averages which were all pointing lower. The resistance is highlighted at 111.00, the support comes in at 110.00.

MACD grew which indicates the sellers’ positions weakening. The RSI oscillator consolidated within neutral territory.

Trading recommendations

A return below 111.00 would generate negative signal and risk further easing. The price may return in the downward channel in this case. In order to recover further the US dollar needs to break above 111.50.

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USD/CAD

Current situation

The USD/CAD pair remained in a familiar range on Wednesday. The price was sandwiched between 1.3400 and 1.3350 during the day. The night recovery stalled in the morning when the spot reached the upper limit of the channel. Morning brought fresh bearishness. The US dollar sharply dropped to the lower limit of the channel erasing all night gains. Sellers failed to advance lower and stayed in the range. The 4 hours chart showed that the spot was in-between 50 and 100 EMAs the first part of the day. The 50-EMA kept pointed higher, the 100-EMA turned downwards while the 200-EMA maintained its bullish slope in the same chart. The resistance is highlighted 1.3400, the support comes in at 1.3330.

MACD remained at the same level which confirms the strength of buyers. The RSI oscillator moved downwards.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension towards 1.3330.

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XAU/USD

General overview

Gold weakened on Wednesday as investors waited for formal Brexit procedures start by the U.K. government later in the day.

Current situation

The upward structure remained intact on Wednesday. The price reached the lower limit of the upward channel and stopped its advance in the night. The precious metal spent the Asian session in a narrow range between 1250 and 1247 dollars per ounce. The XAU/USD pair witnessed a fresh buying interest in the European session. The price moved away from its night lows and headed towards 1255. The yellow metal was above the moving averages which were all pointing higher in the 4 hours timeframe. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved upwards.

Trading recommendations

If sellers manage to lead the price below the upward trend line the spot may extend its weakness to 1240 dollars per ounce. We remain bullish until then awaiting for the price recovery towards 1260.

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Brent

General Overview

Oil strengthened on Wednesday amid disruptions with Libyan crude production. Moreover, investors are expecting news from OPEC regarding output cut extension.

Current situation

Brent extended its bullish trajectory on Wednesday. After spending the night at 51.50 the benchmark continued its growth in the morning. Brent grew and reached 52.00 dollars per barrel in the late European session. The benchmark failed to advance further and slightly eased returning to 51.50. The 4 hours chart showed that Brent oil futures crossed the 50-EMA upwards and tested the 100-EMA. The 50-EMA turned neutral while the 50 and 100 EMAs maintained their bearish slope. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. RSI moved north which confirms the current upward momentum.

Trading recommendations

If bulls remain in control a further extension to 52.50 is not ruled out.

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DAX

General overview

European stocks opened in green when markets recovered from Trump’s failure in Congress. Investors focused on Brexit process on Wednesday. Mining stock grew following the rice in copper price.

Current situation

DAX grew on Wednesday amid a fresh buying interest. Buyers broke 12200 at the open and drove the benchmark to 12250 in the late European session. DAX failed to advance beyond the mark and remained hovering above 12200. According to 4 hours chart the price continued developing well above the moving averages. The 50, 100 and 200 EMAs pointed higher in the mentioned chart. The resistance exists at 12300, the support stands at 12200.

The MACD histogram grew which indicates buyers’ strength. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

We still hold the view that DAX will struggle to climb north towards 12300.

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NASDAQ

Current situation

The upward momentum lost its steam when NASDAQ reached 5420 on Tuesday. Buyers failed to reclaim the hurdle and stayed around the level during the night. The index remained unchanged on Wednesday struggling with the level the whole day. According to 4 hours chart the benchmark was above the moving averages which were all pointing higher. The resistance is at 5420, the support comes in at 5380.

The MACD histogram grew which is a buy signal. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

The 5420 resistance will need to be retested for support before a price can rally towards 5460.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Thu Mar 30, 2017 1:51 pm

"Fort Financial Services"- fundamental and technical analysis.

31.03.2017

Euro

General overview

The US dollar reached its 9 day high against its main peers after supportive Fed officials’ remarks. Besides, the single European currency eased after the news that the ECB did not plan to change its policy in the nearest future.

Current situation

After the Asian flat the euro returned under pressure in the morning. Sellers moved the major lower and broke 1.0750 post-European open. After breaking the level the price advanced towards 1.0725 where the major spent the whole day. The spot tested the 100-EMA in the 4 hours chart. The 100 and 200 EMAs kept heading higher while the 50-EMA was neutral in the mentioned timeframe. The resistance is at 1.0750, the support comes in at 1.0700.

MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI indicator was near undervalued territory, favoring a new move lower.

Trading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.0700.

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Pound

General overview

The pound stayed apathetic to the official triggering of the Article 50 on Wednesday. The UK calendar was thin and uneventful on Thursday. Traders expected GDP which was expected to remain unchanged.

Current situation

The night recovery lost steam at 1.2450. The pound came under fresh selling pressure during the morning hours. Sellers returned the pair to 1.2400 post London open but failed to reclaim the level. The spot extended its consolidative phase in the second part of the day. The pair GBP/USD was sandwiched between the 50 and 200 EMAs in the 4 hours timeframe. The 50 and 100 EMAs pointed higher while the 200-EMA turned downwards in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

The MACD histogram decreased which is a sell signal. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

A move below 1.2400 would revive bearishness towards 1.2300.

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Yen

General overview

The yen weakened after BOJ deputy governor Iwata' comments that the regulator will continue its monetary easing until 2% inflation is reached.

Current situation

The US dollar failed to build a recovery in the Asian session. The buying interest disappeared around 111.40. The mark appeared to be a pivot point where the pair reversed its direction. The major edged lower in the mid-Asian session. The USD/JPY pair accelerated its decline in the morning and tested 111.00. The level appeared to be unbreakable barrier which stopped sellers’ advance. The 4 hours chart showed that the spot tested the 50-EMA and bounced off downwards after that. The price stayed below the moving averages which were all pointing lower in the mentioned timeframe. The resistance is highlighted at 112.00, the support comes in at 111.00.

MACD indicator was 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. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

We still hold the view that the USD/JPY will struggle to climb north of 112.00.

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AUD/USD


Current situation

The AUD had a negative start to the day. The major turned bearish from the opening of the night session. The price remained offered during the night trades and reached 0.7650 in the morning. The level stopped sellers who stepped back but remained around the handle. Buyers regained control in the second part of the European session. They pushed the AUD higher and reversed all night losses. According to 4 hours chart the pair broke the 50-EMA upwards. The 50-EMA kept heading lower, the 100-EMA pointed higher while the 200-EMA was neutral in the same chart. The resistance is highlighted 0.7700, the support comes in at 0.7650.

MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. RSI advanced south which confirms the current downward movement.

Trading recommendations

After a close below the support at 0.7650 we could see AUD/USD extending its declines down to 0.7600. Alternatively, the pair will climb to 0.7685.

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XAU/USD

Current situation

Gold prices remained in a consolidation phase on Thursday. Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255, moving up and down between the bands the whole day. The 4 hours chart showed that the spot was above the moving averages which were all pointing higher. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. RSI remained within neutral territory.

Trading recommendations

The price eyes strong support at 1240 dollars per ounce loss of which would trigger further weakness.

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Brent

General Overview

Oil prices maintained its bid tone amid problems with Libyan output. However, high U.S. crude stocks inventories limit their growth.

Current situation

Brent oil prices extended their winning streak on Wednesday and reached the level 52.50 at the daily open. The bid tone lost its strength afterwards and the benchmark slightly eased on profit-taking. According to 4 hours chart the price broke the 100-EMA upwards. The 50-EMA pointed higher while the 100 and 200 EMAs maintained their bearish slope in the mentioned timeframe. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator was near overvalued territory, favoring a new move lower.

Trading recommendations

The overall outlook remains bullish, for a rise above the level of 52.50. Buyers aim at 53.50 dollars per barrel.

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DAX

General overview

European stocks were neutral on Thursday as investors were digesting the official Brexit start.

Current situation

After breaking above 12200 buyers failed to advance further. The index remained contained within a 12200 - 12250 range during the day sessions. The 4 hours chart showed that the benchmark was above the moving averages which were all pointing higher. The resistance exists at 12300, the support stands at 12200.

The MACD histogram grew which is a buy signal. RSI oscillator stayed near overbought levels, favoring a new move higher.

Trading recommendations

We await a break above the current range to trigger another leg higher. Our profit target is 12300.

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S&P500

General overview

Wall Street held still at the open awaiting from the Fed more signals regarding its rate hike timing.

Current situation

Buyers met a barrier at 2360 in the Asian session. As a result the price had to pull back. S&P500 moved away from the resistance and stopped its decline at 2353. The benchmark was holding around the 100 and 200 EMAs in the 4 hours timeframe. The 100-EMA tested the 200-EMA. The 50 and 100 EMAs maintained their bearish slope while the 200-EMA kept heading higher in the mentioned chart. The resistance is at 2360, the support comes in at 2340.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator was near overvalued territory, favoring a new move lower.

Trading recommendations

The market may start a new descending correction if buyers fail to retake 2360. Sellers may drive S&P500 to 2340. A move above the level may spark a further growth towards 2370.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Tue Apr 04, 2017 3:02 pm

"Fort Financial Services"- fundamental and technical analysis.

05.04.2017

Euro

General overview

The euro got a minor support from strong Producer Price Index in the Eurozone.

Current situation

The overall picture remained negative on Tuesday. The euro maintained its neutral stance in the first part of Tuesday. The major traded in a narrow channel between 1.0650 - 1.0675. The downward pressure intensified at the noon. Sellers made an attempt to break below the handle but failed. The spot tried to break the 200-EMA in the morning but failed and stayed around it in the 4 hours chart. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned timeframe. The resistance is at 1.0700, the support comes in at 1.0650.

The MACD histogram decreased which is a sell signal. RSI headed downwards which confirms the strength of sellers.

Trading recommendations

The EUR/USD has a moderate bearish potential. A move below 1.0650 would revive bearishness towards 1.0600.

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Pound

General overview

The pound weakened following a weaker-than-expected UK's PMI Construction.

Current situation

After Monday’s sell-off the pound made an attempt to recover in the night. Buyers returned the price to 1.2500 where the major ran through fresh offers. The pair got under selling pressure in the mid-Asian session. The spot was weakening the whole night afterwards and approached 1.2400 in the morning. The downward pressure faded around the level and the major was able to reverse some losses. The 4 hours timeframe showed that the spot bounced off the 50-EMA downwards in the Asian session and tested the 100-EMA in the morning. The 100-EMA crossed the 200-EMA and continued upward movement. The 50-EMA turned lower while the 200-EMA was neutral in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD decreased which indicates the buyers’ positions weakening. RSI advanced south which confirms the current downward movement.

Trading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.2400.

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Yen

General overview

The US dollar weakened vs. the yen amid risk-off sentiment in markets. Meanwhile, investors are waiting for the Fed’s minutes to get more hints about the next rate hike action.

Current situation

The bearish momentum persisted on Tuesday. The US dollar remained well offered while the yen was in demand amid risk-off sentiment. The USD kept losing ground the whole night and morning. Sellers stopped only at 100.34 at the noon. According to 4 hours chart the price broke the 50-EMA and continued developing below the moving averages afterwards. The 50, 100 and 200 EMAs kept heading lower in the mentioned chart. The resistance is highlighted at 111.00, the support comes in at 110.00.

MACD entered the negative area. If MACD remains within the negative territory, sellers’ positions will strengthen. RSI indicator was near undervalued territory, favoring a new move higher.

Trading recommendations

A pullback is expected in the market in the short term. While to the upside, the 111.00 resistance will need to be retaken for support before a price can rally towards 112.00. Nevertheless, we are still bearish. The major seems to be heading back to 4-month lows touched last week.

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AUD/USD

General overview

As expected the RBA left its rate unchanged on Tuesday. The Aussie weakened after that amid a weak labor and inflation data.

Current situation

The selling pressure around the Aussie remained intact on Tuesday. As a result, the spot dropped to fresh multi-week lows yesterday. The price pushed away from 0.7600 at the daily open. The AUD continued to trade in negative ground the whole night and reached the 0.7550 region in the morning. The selling pressure eased around the handle and the major tried to develop a consolidation. The pair AUD/USD continued developing well below the moving averages in the 4 hours chart. The 50-EMA crossed the 100 and 200 EMAs downwards while the 100-EMA crossed the 200-EMA upwards. The 100-EMA turned neutral while the 50 and 200 EMAs kept heading lower in the same timeframe. The resistance is highlighted 0.7600, the support comes in at 0.7550.

MACD decreased which confirms the strength of sellers. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

The pair stopped around 0.7550, and seems poised to extend its decline. Below 0.7550, AUD/USD will likely target at the 0.7500 support.

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XAU/USD

General overview

Gold prices strengthened amid risk-off sentiment. The US Trade Balance was in focus on Tuesday. Moreover, investors are waiting for the meeting between Trump and Xi Jinping.

Current situation

The risk-off sentiment allowed gold prices to extend their vertical rise. The XAU/USD pair started the day above 1250 and advanced up to 1260 dollars per ounce during the Asian trades. The spot reached the resistance in the morning. Buyers failed to regain the level and had to take a retreat staying around the level afterwards. According to 4 hours chart the gold prices broke the 50-EMA upwards and continued developing well above the moving averages. The 50, 100 and 200 EMAs pointed higher in the same chart. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. RSI moved north which confirms the current upward momentum.

Trading recommendations

The current hurdle rejected the precious metal several times. That’s why we remain cautious until we see a clear break above the level. After a daily close above 1260 dollars per ounce we could see the spot extending upwards to the 1270 region during the next sessions. Otherwise, we will see a correction back to 1240 dollars per ounce.

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Brent

General Overview

Oil prices weakened in the light of the US dollar strengthening. Besides, the markets are still concerned over a global supply glut amid growing Libyan production and the US drilling activity.

Current situation

The positive mood seems to be over. Buyers met unbreakable barrier at 53.50 dollars per barrel and retreated from it. After a failure to break the level the benchmark moved lower. Brent oil prices spent the night in a flat and eased further towards 52.50 in the morning. However, a fresh bout of buying interest emerged in the late European session. Oil prices spiked upwards and touched 53.50 ahead of the NY opening. The 4 hours chart showed that Brent oil prices tested the 200-EMA and bounced off downwards on Monday. The 50-EMA crossed the 100-EMA upwards. The 50-EMA kept heading higher, the 100-EMA was neutral while the 200-EMA maintained its bearish slope in the same timeframe. The resistance lies at 53.50, the support comes in at 52.50 dollars per barrel.

MACD decreased which indicates the buyers’ positions weakening. The RSI indicator was near overvalued territory, favoring a new move lower.

Trading recommendations

The price eyes strong support at 52.50 dollars per barrel loss of which would trigger further weakness towards 51.50.

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DAX

General overview

European stocks traded lower following a decline in oil prices.

Current situation

The price remained in an upward channel. However, DAX turned bearish right after its opening. Sellers pushed the price to the lower limit of the channel at 12200 in the morning. The benchmark failed to advance beyond the line and remained above the level afterwards. According to 4 hours chart the index was above the moving averages which were all pointing higher. The resistance exists at 12300, the support stands at 12200.

MACD decreased which indicates the buyers’ positions weakening. The RSI indicator held within overbought readings, and headed now south.

Trading recommendations

DAX seems to be poised to extend its weakness. The main sellers’ goal is the level at 12200.

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NASDAQ

General overview

The US stocks remained under pressure ahead of Trade balance release. Investors keep looking forward to the meeting between Chinese President Xi Jinping and U.S. President Donald Trump.

Current situation

NASDAQ extended its range bound trades on Tuesday. The price stayed between 5420 and 5445 the whole day. There is a fight between buyers and sellers. As we see sellers are winning as the price tends to go lower. We do not believe sellers will return control for a long period. However, we do not rule out a correction in the coming sessions. The price remained above the moving averages which were all pointing higher in the 4 hours timeframe. The 50-EMA bounced off the 100-EMA upwards in the same chart. The resistance is at 5460, the support comes in at 5420.

MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator moved upwards.

Trading recommendations

A move below 5420 will signal the presence of sellers who might want to push the benchmark to 5380.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Wed Apr 05, 2017 9:37 am

"Fort Financial Services"- fundamental and technical analysis.

06.04.2017

Euro

General overview

Weak PMIs in the Eurozone weighed on the single European currency on Wednesday. The pair focused on ADP release and Fed minutes due to later the day.

Current situation

The euro was neutral the first part of the day. The price traded in a familiar range staying between 1.0650 and 1.0670. Tuesday’s rebound lifted the spot to the upper limit of the range where the upward impetus faded. The pair started the European session flirting with the upper limit of the band and edged lower at noon. The 4 hours timeframe showed that the pair could not fixate above the 200-EMA and rebounded below it. The 100 and 200 EMAs turned upwards while the 50-EMA kept heading lower in the same chart. The resistance is at 1.0700, the support comes in at 1.0650.

MACD grew which indicates the sellers’ positions weakening. RSI moved north which confirms the current upward momentum.

Trading recommendations

We prefer to stay neutral until we get clear signals. A cut through the 1.0650 mark will aim at the 1.0600 level. A rebound here will return buyers in a driver’s seat sending the market to 1.0750.

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Pound

General overview

The UK's Services PMI came in above expectations lending support to the national currency.

Current situation

The pound became positive in the Asian session on Wednesday. The major was growing the whole night. Moreover, the GBP/USD pair witnessed a fresh buying-wave during European morning trade. The price accelerated its growth and spiked to 1.2500. However, the spot met selling interest on approaches to the level and paused its advance. The major tested the 50-EMA in the morning and stayed around it in the 4 hours chart. The 50-EMA kept pointed lower, the 100-EMA maintained its bullish slope while the 200-EMA was neutral in the mentioned timeframe. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD remained at the same level which confirms the strength of sellers. The RSI oscillator moved upwards.

Trading recommendations

Despite the fresh buying interest the pair future is not so bright. Buyers seem not to have enough strength to post more gains. That’s why the pound may turn to the downside. The pair needs to get below 1.2450 to trigger additional downward momentum towards testing 1.2400.

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Yen

General overview

The US dollar managed to recover some ground against its Japanese peer in the Asian session. However, its advance was stopped by risk-off sentiment after North Korea fired ballistic missile.

Current situation

The US dollar struggled to build a recovery on Tuesday. Buyers were driving the major upwards the whole day and stopped at 110.70. The pair remained unchanged in the night amid lack of market movers. The major caught fresh bids in the morning. The pair extended its buying bias and approached 111.00 at noon. According to 4 hours chart the spot remained below the moving averages which were all pointing lower. The resistance is highlighted at 111.00, the support comes in at 110.00.

The MACD indicator continued consolidating within oversold levels. RSI was neutral.

Trading recommendations

Despite the positive tone the major is still in red. The 111.00 hurdle is a strong barrier and buyers need to try hard to break it through. A sharp breakout above 111.00 could spark a further growth towards 111.50, en route to 112.00. On the other hand, a failure here will return sellers in action and risk 110.00.

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NZD/USD

General overview

The New Zealand calendar was light. However, the major was supported by Moody’s upbeat remarks on New Zealand’s AAA rating. The US dollar maintained control ahead of Trump-Xi Summit.

Current situation

The NZD/USD pair remained neutral hovering above 0.6950 during night trades. The spot caught fresh offers in the morning and moved lower afterwards. NZD/USD kept struggling near 3-week lows later the day. The 4 hours timeframe showed that the spot continued developing below the moving averages. The 50 and 200 EMAs pointed lower while the 100-EMA kept heading higher and the 50-EMA touched the 100-EMA in the mentioned chart. The resistance is highlighted 0.7000, the support comes in at 0.6950.

MACD remained at the same level which confirms the strength of sellers. RSI indicator was near undervalued territory, favoring a new move upwards.

Trading recommendations

The pair is likely to extend its negative bias. After a close below the support at 0.6950 we could see NZD/USD extending its declines down to 0.6900.

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XAU/USD

General overview

Investors turned cautious ahead of the Trump-Xi Summit starting tomorrow. However, the risk-off sentiment barely supported gold, but the market turned red anyway.

Current situation


The spot remained in a short-term upward channel on Wednesday. The precious metal found strong resistance at 1260. The level rejected the price which edged lower in the Asian session. Gold sellers kept pushing the price lower during the European session and reached 1250 at noon. Gold prices stayed above the moving averages which were all pointing higher in the 4 hours chart. The 100-EMA crossed the 200-EMA upwards in the mentioned timeframe. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

The MACD histogram grew which is a buy signal. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

A recovery above the level of 1260 will favor an advance up to the 1270 region.

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Brent

General Overview

A larger-than-expected drop in U.S. crude supplies coupled with an outage at the Buzzard oil field in the North Sea supported oil prices on Wednesday.

Current situation

Brent held a bullish tone on Wednesday. The benchmark was slowly growing in the night and approached 54.50 in the morning. Brent buyers fueled the market with fresh bids in the European session sending the price to 55.00 dollars per barrel. According to 4 hours chart the benchmark broke the 200-EMA upwards. The 200-EMA kept heading lower while the 50 and 100 EMAs maintained their bullish slope in the same chart. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator remained within overbought readings.

Trading recommendations

We still hold the view that oil prices will struggle to climb north of 55.50

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DAX

Current situation

DAX was neutral on Wednesday being unable to choose its direction. The index kept moving back and forth between 12240 and 12300. The benchmark had a negative start and dropped to the lower limit of the range right after the opening. DAX remained under pressure afterwards making attempts to move lower. The 4 hours timeframe showed that the index continued developing well above the moving averages. The 50, 100 and 200 EMAs maintained their bullish slope in the mentioned chart. The resistance exists at 12300, the support stands at 12200.

MACD decreased which indicates the buyers’ positions weakening. RSI advanced south which confirms the current downward movement.

Trading recommendations

If we do not see a turnaround in market sentiment bears will keep focusing at the support level of 12200. A break below the handle will open the way towards 12100.

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S&P500

General Overview

Wall Street was flat ahead of opening as investors awaited for ADP jobs report and Fed minutes publication.

Current situation

The Tuesday’s rally was short-lived. Buyers pushed the price to 2360 where the upward momentum lost its legs. The price weakened a bit in the night and stayed around its session lows at 2355 afterwards. The price was sandwiched between the 50 and 100 EMAs in the 4 hours timeframe. The 50 and 100 EMAs turned neutral while the 200-EMA pointed higher in the same chart. The resistance is at 2360, the support comes in at 2340.

MACD indicator was 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 remained within neutral territory.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension towards 2340.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Mon Apr 10, 2017 3:02 pm

"Fort Financial Services"- fundamental and technical analysis.

11.04.2017

Euro

General overview

The euro ignored strong Investor Confidence release from Sentix. The single currency remained under pressure amid a broad US dollar recovery. Investors awaited for J. Yellen speech later the day. Economic Sentiment in Germany will be in the spotlight on Tuesday.

Current situation

The pair remained under pressure on Monday. The euro extended its losses in the night and posted a session low at 1.0570. The major stopped its advance after that and recovered a bit. However, a fresh selling interest later the day returned the pair to the opening price. According to 4 hours timeframe the spot continued developing well below the moving averages. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned chart. The resistance is at 1.0600, the support comes in at 1.0550.

The MACD histogram decreased which is a sell signal. The RSI oscillator consolidated within negative area.

Trading recommendations

A pullback is expected in the market in the near term. A breakout of 1.0600 would aim markets for 1.0625. Below 1.0600, EUR/USD will likely target at the 1.0550 support

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Pound

General overview

The pound reversed some losses on Monday and stepped away from 2 week low. Markets focused on J.Yellen's due to later the day. Inflation figures for the month of March will be published tomorrow and will attract our attention.

Current situation

The pound maintained its ask tone in the Asian session on Monday. However, its further advance was limited by the 1.2360 mark. The spot bounced off and moved higher. The positive tone remained in place in the morning. The GBP/USD tested 1.2400 in the late European session but failed to retake the level. The GBP/USD pair remained around the level till the NY session. The 4 hours chart showed that the pair tested the 200-EMA and bounced upwards. The 50-EMA crossed the 100-EMA downwards. The 50-EMA turned downwards while the 100 and 200 EMAs were neutral in the same timeframe. The resistance lies at 1.2400, the support comes in at 1.2300.

MACD remained at the same level which confirms the strength of sellers. RSI indicator was near undervalued territory.

Trading recommendations

While to the upside, 1.2400 resistance will need to be retested for support before a price can rally towards 1.2500. We expect to see renewed bearish pressure in the short-term. Our profit target will be 1.2300.

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Yen

General overview

The US dollar strengthened after the US attack at the Syrian airbase. News about balance sheet reduction supported the US currency as well. Meanwhile, a stronger Japanese Trade Balance limited the US dollar further advance.

Current situation

The US dollar failed to extend its buying momentum beyond 111.50 in the night. The major posted a session high at 111.54 and changed its direction. The spot slightly eased in the night and headed towards 111.00 later in the day. The USD/JPY pair bounced off the 50-EMA and was holding around the 100-EMA in the 4 hours chart. The 100 and 200 EMAs kept heading lower while the 50-EMA was neutral in the same chart. The resistance is highlighted at 112.00, the support comes in at 111.00.

MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

110.00 seems the next probable bearish target. At the same time a recovery above the level of 111.50 will favor an advance up to the 112.00 region.

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NZD/USD

Current situation

The NZD/USD slightly weakened in the night and almost reached 0.6900. The spot stopped at 0.6920 and reversed its direction. The price started to grow and reached 0.6950 in the late European session. The pair remained unchanged later the day and stayed around session lows ahead of the NY session. According to 4 hours chart the price remained below the moving averages which were all pointing lower. The resistance is highlighted 0.6950, the support comes in at 0.6900.

The MACD histogram decreased which indicates the sellers’ strength. The RSI oscillator moved upwards.

Trading recommendations

A daily close above 0.6950 would risk 0.7000. The price eyes strong support at 0.6900 loss of which would trigger further weakness towards 0.6850.

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XAU/USD

General overview

Gold prices edged lower amid a stronger dollar on Monday. The speculations about the next U.S. rate hike lent some support to the US currency.

Current situation

Gold prices were neutral on Monday hovering above 1250 the first part of the day. However, a bout of fresh selling pressure emerged after the noon. The yellow metal moved lower struggling hard with the 1250 handle. XAU/USD broke the level at the NY beginning. Gold tested the 50-EMA and remained above it in the 4 hours timeframe. The 50 and 100 EMAs pointed higher while the 200-EMA was neutral in the mentioned chart. The resistance is highlighted 1250, the support comes in at 1240 dollars per ounce.

MACD decreased which indicates the buyers’ positions weakening. RSI was neutral.

Trading recommendations

We preserve our bullish outlook in the near term. A cut through the resistance level of 1260 dollars per ounce will turn attention to the 1270 level. However, the precious metal looks overbought and requires some correction. The spot may soften to 1240 in the short-term.

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Brent


Current situation

Brent opened bullish on Monday. The price jumped to 55.50 in the night but was able to break the level only in the European morning. Bulls continued driving the benchmark higher during the day trades. The price reached last week high in the NY session. The 4 hours chart showed that the price continued developing well above the moving averages. The 50-EMA crossed the 200-EMA upwards. The 50 and 100 EMAs maintained their bullish slope while the 200-EMA turned lower in the mentioned timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

The MACD indicator continued consolidating within overbought levels. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

An uptrend will continue as soon, as the prices rises above the resistance level 56.00 dollars per barrel. Bulls aim at 56.50 dollars per barrel.

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DAX

General overview

European stocks stayed neutral on Monday. Mining and Pharmaceuticals & Healthcare sectors added some gains while energy stocks were mostly lower.

Current situation

DAX was neutral on Monday. The price moved in a directionless way orning hanging between 12200 and 12300. According to 4 hours timeframe the benchmark tested the 50-EMA and stayed above the moving averages. The 50, 100 and 200 EMAs maintained their bullish slope in the same chart. The resistance exists at 12300, the support stands at 12200.

MACD indicator was 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 remained within neutral territory.

Trading recommendations

We preserve our bullish views until we see a break below 12000. A rebound from 12200 is possible towards 12300. Alternatively, a break below 12200 would open up the way for a move to 12100.

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NASDAQ

Current situation

NASDAQ was neutral on Monday hovering around 5420. The price remained above the moving averages which were all pointing higher in the 4 hours chart. The resistance is at 5460, the support comes in at 5420.

MACD indicator was 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 remained within neutral territory.

Trading recommendations

The immediate risk is still clearly on the downside but we prefer to wait for a daily closing below 5420 before turning bearish.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Tue Apr 11, 2017 3:48 pm

"Fort Financial Services"- fundamental and technical analysis.

12.04.2017

Euro

Current situation

The euro touched 1.0600 on Monday and pulled back a bit in the night afterwards. The major gathered some steam in the night and edged higher at the European session open. Thus, buyers returned the price to 1.0600 reversing all the night losses. The pair broke the level in the mid European session. The 4 hours chart showed that the pair EUR/USD stayed below the moving averages. The resistance is at 1.0650, the support comes in at 1.0600.
MACD grew which indicates the sellers’ positions weakening. The RSI indicator was holding near oversold levels, favoring a move higher.

Trading recommendations

A recovery above the level 1.0600 will favor an advance up to the 1.0650 region.

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Pound

Current situation

The pound had a positive day on Tuesday. The major extended its buying bias in the morning after the neutral night. The GBP/USD pair pushed away from 1.2400 and headed north ahead of London open. Buyers reached 1.2450 at the noon but failed to advance beyond the mark. The spot was hovering between the 200 and 50 EMAs in the 4 hours chart. The resistance lies at 1.2500, the support comes in at 1.2400.
MACD grew which indicates the sellers’ positions weakening. The RSI indicator lost upward strength and moved downwards.

Trading recommendations


The recovery seems to be in the progress. Bulls keep focus at the resistance level of 1.2500.

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Yen

Current situation

The bearish momentum persisted in the night session on Tuesday. After breaking 111.00 the pair moved lower and reached 110.40 by the morning. Having posted the session low the price stopped in the night and spent the late European session around the mark. According to 4 hours chart the 50, 100 and 200 moving averages pointed lower. The resistance is highlighted at 111.00, the support comes in at 110.00.
MACD indicator was 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 remained within neutral territory.

Trading recommendations

Should the US dollar recover ground and advance beyond the resistance level of 111.00, the rally can extend in the short term up to 112.00. Otherwise, sellers will push the major to 110.00.

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USD/CAD

Current situation

Sellers reached a strong support at 1.3330 on Monday. Bears failed to retake the level in the night and met the morning in its region. The spot maintained its neutral bias during the European session. The major broke all the moving averages downwards and remained below them in the 4 hours timeframe. The resistance is highlighted 1.3330, the support comes in at 1.3260.
The MACD histogram decreased which is a sell signal. The RSI indicator continued consolidating near oversold levels.

Trading recommendations

A sharp breakout above 1.3330 could spark a further incline towards 1.3400.

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XAU/USD

Current situation

Gold prices extended their consolidation phase trading between 1260-1250 on Tuesday. Sellers tried to break below the lower limit of the range on Monday but failed. The spot ran through fresh bids around the level and reversed its direction. Buyers were driving the price upwards the whole Monday and extended their upward trajectory on Tuesday. The XAU/USD pair approached 1260 (the upper limit of the range) in the European morning. According to 4 hours chart the gold priced bounced off the 100-EMA, broke the 50-EMA upwards and continued developing above the moving averages. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.
MACD indicator was 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 moved north which confirms the current upward momentum.

Trading recommendations

If the spot stays above 1250 dollars per ounce a further extension to 1260 is not ruled out.

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Brent

Current situation

Brent buying momentum lost its strength on Tuesday. Buyers failed to post fresh gains above 56.00 and moved back. The benchmark was losing ground the whole night and morning and approached 55.50 by the noon. The price continued developing well above the moving averages in the 4 hours timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.
MACD remained at the same level which confirms the strength of buyers. RSI oscillator stayed near overbought levels.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension towards 55.50 dollars per barrel.

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DAX

Current situation

DAX had a negative start to the day. The index moved below 12200 but after reaching 12140 changed its direction and jumped upwards. The benchmark returned to the opening price in the mid European session. The 4 hours chart showed that the moving averages maintained their bullish slope. The resistance exists at 12300, the support stands at 12200.
MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI remained within neutral territory.

Trading recommendations

If the price manages to hold above the 12200 mark the next target for this index is the resistance level of 12300.

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S&P500

Current situation

S&P500 remained in a tight range on Tuesday trading neutral-to-negative between 2355 and 2350. According to 4 hours chart the benchmark crossed the 100-EMA downwards and continued developing below the moving averages. The 50 and 100 EMAs kept heading lower while the 200-EMA was neutral in the same timeframe. The resistance is at 2360, the support comes in at 2340.
MACD indicator was 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 in neutral territory.

Trading recommendations

The next level to focus on is 2360.

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

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ValdisFFS
 
Posts: 613
Joined: Sat Jul 05, 2014 9:38 am

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