"Fort Financial Services"- fundamental and technical analysi

[ValdisFFS]

10.08.2016

Euro

General overview

The euro traded in a tight range while the dollar was under pressure all over the board. The demand for the euro is limited by the European stocks strengthening.

Current situation

The tone is still negative in the market. The pair spent the day in a narrow range locked in-between 1.1080 – 1.1100. The instrument tried to regain the 1.1130 level, but failed. The price spiked and returned into the range. The resistance is seen at 1.1130, the support stands at 1.1050.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI stayed close to the oversold area.

The moving averages are forming a narrow range in the 4 hours chart. The price tried to break the 50, 100 and 200 Day EMAs upwards, but failed and returned below the 200-EMA which acts as a resistance.

Trading recommendations

The EUR/USD is under pressure. The price will meet the further downside pressure after breaking 1.1080 downwards.



Pound

General overview

The pound softened to the fresh monthly lows against the dollar following the gloomy Production data in the country. The weak data renewed concerns over the UK economy strength.

Current situation

The tone is still negative in the market. The pound continued moving lower yesterday. The session low was marked at 1.2954. The current resistance is seen at 1.3100, the support exists at 1.2900.

The indicators slightly changed from Monday. MACD and RSI generate a sell signal.

The 100-EMA is crossing the 200-EMA in the 1 hour chart which is a sell signal. The price is approaching the 50-EMA which acts as a resistance for the instrument.

Trading recommendations

The price may pull back from the 1.3000 region where the 50-EMA lies. The level 1.2900 is the next sellers’ target.



Yen

General overview

The dollar remains strong against its rivals on the back of the strong Labor data in the USA.

Current situation

The USD/JPY closed bearish yesterday. The dollar retreated from the resistance 102.50 which is defended by the sellers. The resistance is at 102.50, the support comes in at 101.40.

MACD indicator is at the centerline. RSI is neutral.

Technically, the 4 hours chart shows that the price was struggling with the 50-EMA which limits its growth. An attempt to break the EMA failed and the instrument returned below. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame.

Trading recommendations

If the price breaks above 102.50, then this could lead to a renewed buying momentum, possibly towards 103.50. Alternatively, the USD/JPY will decrease to 101.40.



AUD/USD

General overview

National Australia Bank's Business Conditions came in negative. Besides, the market remained under pressure following oil prices decrease.

Current situation

The pair had a positive day on Tuesday. The instrument grew in an ascending channel close to its upper limit. The resistance is at 0.7700, the support comes in at 0.7600.

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

The price bounced from the 50-EMA in the 1 hour chart. The 50, 100 and 200 Day EMAs extended their growth. All EMAs are pointing upwards.

Trading recommendations

The pair is overbought. We expect a short-term rebound towards 0.7600 (the 50-EMA) where the price may upside and return to the growth.



GOLD

General overview

Gold is under pressure following the expectations for the next U.S. rate hike.

Current situation

Gold traded in a tight range on Tuesday. The price was sandwiched between 1330 – 1336. The metal partly recovered in the American session. Buyers were able to push the price to 1340. The resistance is seen at 1350, the support stands at 1330.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area.

The price spiked upwards to the 50-EMA in the 4 hours chart. The 50-EMA acts as a resistance for the XAU/USD. The 50, 100 and 200 EMAs are neutral.

Trading recommendations

We expect Gold to continue growing with the target at 1350.



Brent

General overview

The Brent got under pressure yesterday due to the returned concerns over the oversupply. Besides, the price retreated when traders began closing their long positions.

Current situation

Bears seem to have the ball now. The price found a strong resistance at 45.30 which was not able to break. All buyers’ attempts to break the level were rejected and Brent returned below the level by the end of the trading day. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel.

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

Brent holds above the 100-EMA which acts as a support for the instrument in the 4 hours chart. The 100 and 200 EMAs are heading downwards. The 50-EMA is neutral.

Trading recommendations

If the pressure persists the price will drop to 44.00. Otherwise, Brent will grow towards 46.50 where the 200-EMA lies.



DAX

General overview

DAX strengthened on Tuesday and set a new local high following the U.S stocks. Technology, Insurance and Chemicals sectors shares grew and pulled the index after them.

Current situation

Technically, the short term picture is bullish. DAX maintained its strong bid tone on Tuesday. The price set a new local high at 10700. The resistance is at 10700, the support stands at 10520.

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

The price is heading north from the 50-EMA in the 4 hours chart. The 50, 100 EMAs are trending higher, the 200-EMA is neutral.

Trading recommendations

The price may pull back from the fresh highs. The sellers’ target is the level 10520.



S&P 500

General overview

S&P500 traded higher on Tuesday on the back of the Technology stocks growth and when oil price gound status quo.

Current situation

The quotes returned to all-time highs on Tuesday. The index spent the day below 2180. All buyers’ attempts to regain the level failed. The resistance is seen at 2180, the support is at 2165.

MACD is still in the positive area. The histogram points to the buyers’ positions weakening. RSI stayed close to the overbought area.

The 50-EMA is crossing the 100-EMA upwards which is a buy signal in the 4 hours chart. The 50-EMA acts as a support for the price. The 50, 100 and 200 Day EMAs are trending upwards.

Trading recommendations

If S&P500 manages to break the level 2180 the upward trajectory will be continued towards 2200. The price may retreat from the local highs to the support 2165 where the 50 and 100 EMAs exist.




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

[ValdisFFS]

11/08/2016

Euro

General overview

The euro strengthened when analysts reassessed the likelihood of the rate hike this year.

Current situation

The euro erased its losses and rallied higher. Buyers managed to lead the price from the 1.1050 region to the level 1.1200. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD grew which indicates the sellers’ positions weakening. RSI approached the overbought area.

The 50, 100 and 200 EMAs are forming a narrow range in the 4 hours chart. The price is heading from the moving averages in the mentioned time frame.

Trading recommendations

If the EUR/USD does make a breakout at that level 1.1200, it is expected to grow to the level 1.1270.

Alternatively, the instrument will decrease to 1.1050.



Pound

General overview

Sterling strengthened on the back of the weak dollar. Pound returned some of its losses, nevertheless, the GBP/USD remains under pressure.

Current situation

The technical picture presents a bearish tone. Pound partly reversed its losses and grew to the mark 1.3100 where it turned down. The current resistance is seen at 1.3100, the support exists at 1.2900.

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

RSI is neutral.

The price broke the 50 and 100 EMAs upwards and bounced back from the 200-EMA in the 1 hour chart.

The instrument rolled back from the 50-EMA after touching it in the 4 hours chart. The 50, 100 and 200 Day EMAs are pointing lower.

Trading recommendations

The pair now seems to be heading towards its immediate support near 1.2900. After breaking the level the way towards 1.2700 will be opened.



Yen

General overview

The USD/JPY erased all its gains and traded at the session lows. Markets doubt now the likelihood of the Fed rate hike in the current year. The yen grew supported by the stocks weakness and positive Machinery Orders.

Current situation

The pair faced further downside pressure. Dollar erased all its gains and headed back to local lows. After reaching the support at 101.00 the pair turned up. The resistance is at 101.40, the support comes in at 100.40.

The indicators headed south. MACD moved into the negative area which point to the strength of sellers. RSI dropped to the oversold area.

The USD/JPY bounced from the 50-EMA and headed away from it in the 4 hours chart. The 50-EMA provides a strong resistance in the 102.00 region. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame.

Trading recommendations

The pair is under pressure. In the negative scenario, the instrument will fall towards 100.40. In the scenario where buyers take control the USD/JPY grows to 102.50.



USD/CAD

Current situation

The pair has been under intense selling pressure since last week. The instrument is in an upward channel and traders pushed the price to its low limit on Wednesday. The USD/CAD found a strong support at 1.3000 where the pair reversed and partly erased its gains. The resistance is at 1.3100, the support comes in at 1.3000.

MACD decreased which indicates the sellers’ positions strength. RSI approached the oversold area.

The price broke the 200-EMA and stopped in its region in the 4 hours chart. The instrument is between the 100 and 200 EMAs which act as a resistance and a support. The 50 and 100 EMAs are turning downwards. The 200-EMA is still trending upwards.

Trading recommendations

Shall the pair break 1.3000 the downward movement will be continued. Otherwise, we will see a solid growth towards the 1.3100 region where the upper limit of the ascending channel lies.



GOLD

General overview

Gold strengthened on Wednesday on the back of the weak dollar and decreased expectations that the Federal Reserve will have a rate hike in the upcoming months.

Current situation

The pair had a moderately positive day on Wednesday. Gold sharply rallied and set a new local high at 1356 where the pair turned down and erased some of its gains lately. The resistance is seen at 1350, the support stands at 1330.

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

The price spiked from the 50-EMA in the 4 hours chart. However, it returned back to the 50-EMA later the day. Now the 50-EMA acts as a support for the XAU/USD. The 50, 100 and 200 EMAs are moving upwards.

Trading recommendations

The growing impulse faded and gold softened. If the price remains below 1357 the instrument will continue its downward trajectory. Alternatively, buyers will lead the price to the resistance at 1370.



Brent

General overview

Brent lost about 2% during the trades on Wednesday when the U.S. crude oil inventories unexpectedly rose in the latest week.

Current situation

The market sentiment switched to the negative. Traders pushed the oil futures lower and the instrument erased part of its gains by the end of the trades. The resistance is at 45.30, the support comes in at 44.00 dollars per barrel.

The indicators slightly changed from yesterday. Indicators generate a sell signal.

The 4 hours chart shows that the price is currently struggling with a bearish 100-EMA. The 100 and 200 EMAs are heading downwards. The 50-EMA is neutral.

Trading recommendations

Brent is now under the risk of falling under the level of 44.00. After breaking the mentioned level the way towards 42.80 will be opened.



Nasdaq

General overview

U.S stocks traded close to the closing levels. Nasdaq took a pause after setting new all-times highs.

Current situation

The index retreated from the fresh all-times highs. Traders pushed the price lower. Nasdaq remained in an ascending channel, the price is close to its lower limit. The resistance is at 4800, the support stands at 4700.

MACD is still positive. MACD grew which indicates the sellers’ positions weakening. RSI left the overbought area and is advancing south.

The price is approaching the 50-EMA in the 4 hours chart. The 50-EMA acts as a support for the price. The 50, 100 and 200 EMAs are heading higher.

Trading recommendations

The price may pull back from the fresh highs. The sellers’ target is the level 4750 where the 50-EAM lies.



S&P 500

General overview

S&P500 moved away from the record highs as weak oil weighs on the quotes.

Current situation

The index dropped back below the 2180 mark. The price decreased and is approaching the support at 2165. The resistance is seen at 2180, the support is at 2165.

MACD is still positive. MACD grew which indicates the sellers’ positions weakening. RSI left the overbought area and is advancing south.

The moving averages slightly changed from yesterday.

Trading recommendations

The price is approaching the support 2165 where the 50 and 100 EMAs lie. This loss of the 2165 level is now pointing to a further period of downside to come.



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

[ValdisFFS]

12.08.2016

Euro

General overview

Dollar traded higher on the back of the strong Jobless Claims report which showed a drop in the claims number.

Current situation

The market little changed on Thursday. The pair could escalate up to 1.1180, however, the rally was short-lived and weak. The price remained in the same range. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD still points to the sellers’ positions weakening. RSI stays close to the overbought area.

The moving averages slightly changed from yesterday.

Trading recommendations

If the EUR/USD keeps growing its next stop could well be at the 1.1200 region. Should the pair soften, the price will drop to 1.1050.



Pound

General overview

The GBP/USD ignored the U.S labour market data and oil prices growth. Investors’ attention now turns to the retail sales and consumer sentiment releases which may determine its further movement.

Current situation

The pair remained in red figures. Traders pushed the price lower on Thursday. The pound is now decisively trading above the 1.2900 mark. The current resistance is seen at 1.3100, the support exists at 1.2900.

MACD remained in the negative area. MACD decreased which indicates the sellers’ positions strength.

RSI approached the oversold area.

The 4 hours chart shows that the instrument remained below the bearish 50-EMA which extended its decline. The 50, 100 and 200 Day EMAs are heading lower.

Trading recommendations

The GBP/USD remained under pressure. We are looking for the current support break and then continuation of a fall with a further target at 1.2900 and further out 1.2700.



Yen

General overview

The yen erased all its latest gains after the Jobless Claims Report. Now traders are demanding further action from the Bank of Japan. If the pair continues softening the central bank will have to act accordingly.

Current situation

The market was low volatile during the European Session on Thursday and became active only after U.S Jobless Claims report. The dollar strengthened on the back of the strong U.S labor data. Traders were able to push the price higher. The instrument broke the level 101.40 and kept rallying. The resistance is at 102.50, the support comes in at 101.40.

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

The price broke the 50 and 100 EMAs in the 1 hour chart. After breaking the lines the pair continued advancing north. Now the 200-EMA acts as a resistance for the USD/JPY. The moving averages (50, 100 and 200) direction is downwards in the mentioned time frame.

Trading recommendations

We believe the USD/JPY will move on to test the next bullish target at 102.00, where the 200-day moving average lies.



NZD/USD

General overview

The kiwi grew to one-month high following the RBNZ decision to cut the rate by 0.25%.

Current situation

Sellers seem to have returned to the market. After reaching the one-month high the price reversed and headed downwards. Traders were able to lead the price from the mark 0.7335 to 0.7225. The resistance is at 0.7250, the support comes in at 0.7150.

The indicators generate a sell signal. MACD decreased which indicates the sellers’ positions strength. RSI bounced from the overbought area.

The price is approaching the 50-EMA in the 1 hour chart. The 50, 100 and 200 EMAs are still trending upwards.

Trading recommendations

The bearish views are getting more popular. We believe the pressure will persist. The next sellers' stop could well be at the 0.7150 region.



GOLD

General overview

Gold got under selling pressure after the positive U.S labour report. Analysts are evaluating a possible timing of a rate hike by the Fed.

Current situation

The pair spent Thursday in a narrow range 1341-1346. All buyers’ attempts to push the price higher failed. Sellers returned to the market after a bunch of the U.S statistics. The resistance is seen at 1350, the support stands at 1330.

MACD indicator is still at the centerline. RSI is neutral.

The instrument traded above the 50-EMA which acts as a support for the price in the 4 hours chart. The moving averages (50, 100 and 200) are still trending higher.

Trading recommendations

Gold futures got under pressure. If the pressure persists the next sellers’ target will be at 1330 where a strong bullish 200-EMA lies in the 4 hours chart.



Brent

General overview

Brent strengthened during the North American session on Thursday. The prices recovered after a sharp drop on the back of the concerns over the world oversupply.

Current situation

Brent spiked and set a new weekly high at 46.30. The instrument is trying to make a breakout at the resistance level of 46.50. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

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

The price bounced from the 50-EMA, broke the 100-EMA and headed towards the 200-EMA in the 4 hours chart. The 200-EMA stopped its further upward movement.

Trading recommendations

The market is bullish now. The price may slightly roll back towards 45.30 dollars per barrel where it may reverse back to a growth.



DAX

General overview

DAX traded higher on Thursday as Retail, Consumer & Cyclical and Technology supported the index. The index gained about 0.86% by the end of the trades.

Current situation

DAX was in a buy mood and traded higher on Thursday. The price could escalate up to 10740 where it set a new weekly high. The resistance is at 10700, the support stands at 10520.

Indicators remained within the positive territory. MACD grew which indicates the buyers’ positions strength. RSI entered the overbought area.

The price moved away from the 50, 100 and 200 EMAs which extended higher.

Trading recommendations

The price may pull back from the fresh highs. Sellers can return the price below 10700. If the price fixates over 10700 this could lead to renewed buying momentum, possibly towards 10900.



S&P 500

General overview

S&P500 grew following the positive U.S labor report and strong corporate earning which gains led the index higher. Besides, energy sector strengthened on the back of oil growth.

Current situation

Bulls still control the market. The index grew and set a fresh high at the mark 2184.4. The resistance is seen at 2180, the support is at 2165.

The MACD remained at the same level which confirms the strength of buyers. RSI returned to the overbought area.

The S&P500 bounced from the 50-EMA in the 4 hours chart and moved away from it. The moving averages are trending higher which is a buy signal.

Trading recommendations

The index shall continue growing on the back of the positive U.S statistics. The 50 and 100 EMAs will act as a support. The instrument will move back and forth between the current resistance 2180 and the 50 and 100 EMAs.




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

[ValdisFFS]

15/08/2016

Euro

General overview

The euro strengthened on the back of the U.S weak statistics. Retail Sales and PPI index came in worse than expected. Now traders diminished their expectations for another rate increase in the current year.

Current situation

The dollar partly weakened on the U.S data, but soon reversed and pushed the EUR/USD down. The price returned to the levels where it was before the Retail Sales and PPI releases and ended the day bearish. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD remained in the positive area. MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought area and is heading to the south.

The price is hovering above the 50, 100 and 200 EMAs which are still forming a narrow channel in the 4 hours chart. The moving averages are pointing upwards.

Trading recommendations

Sellers might force the pair to resume its downward trajectory. The price may drift below 1.1130 to test the 1.1080 support area.



Pound

General overview

The pound is under pressure as the BoE relaunched its quantitative easing program.

Current situation

The pound remained under pressure despite the weak dollar. The sterling tried to grow, but the 50-EMA limited its growth. The GBP/USD had to return to the support 1.2900. The current resistance is seen at 1.3100, the support exists at 1.2900.

The indicators (MACD and RSI) still generate a sell signal.

The 50-EMA is a resistance where the price bounced downwards in the 4 hours chart. The 50, 100 and 200 Day EMAs are heading lower.

Trading recommendations

The overall outlook remains bearish, for a drop towards 1.2900 support area.



Yen

General overview

The yen rose on Friday after disappointing U.S statistics: Retail Sales showed a flat and PPI decreased which rose concerns over the strength of the U.S economy.

Current situation

The yen strengthened in the market amid risk aversion. Bears have the ball now and pushed the pair below the 101.40 level. The resistance is at 101.40, the support comes in at 100.40.

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

The instrument bounced from the 100-EMA which stands around the resistance 102.50 in the 4 hours chart. The price dropped and returned below the 50-EMA. The moving averages direction is downwards.

Trading recommendations

The loss of the 101.40 level will point to a further period of downside to come. A break below this mark risks a decline towards the support at 100.40.



USD/CAD

General overview

The commodity currencies ignored oil prices sharp growth and remained under pressure together with the U.S. dollar.

Current situation

The pair presented a modest bearish tone. The USD/CAD continued to grind lower and approached the support level of 1.2900. The resistance is at 1.3000, the support comes in at 1.2900.

The indicators generate a sell signal. MACD decreased which indicates the sellers’ positions strength. RSI is close to the oversold area.

The price is heading from the moving averages in the 4 hours chart. The 50-EMA is crossing the 100-EMA downwards. All moving averages are turning down.

Trading recommendations

If the downward pressure persists we think that the 1.2900 level will be the next sellers' target.



GOLD

General overview

Investors are concerned over the global market prospects and chose gold as a safe asset.

Current situation

The gold remained in an upward channel close to its lower limit. Traders pushed the price lower to the support 1330 by the end of the trades. The resistance is seen at 1350, the support stands at 1330.

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

The price broke the 50 and 100 EMAs and stopped just below the last in the 4 hours chart. The moving averages (50, 100 and 200) are still trending higher.

Trading recommendations

We still support the idea of a decrease towards 1130.



Brent

General overview

Oil prices spiked due to the dollar weakening which holds the quotes near the day peaks.

Current situation

The Brent holds a bullish tone. The price left the descending channel and formed an upward now. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

The indicators MACD and RSI recommend long positions.

The price broke the long-term 200-EMA upwards and moved away from the line. The 50-EMA is breaking the 100-EMA upwards.

Trading recommendations

If the Brent remains above 200-EMA which stands around the 46.50 region the growth will be continued. The level 47.50 is the next buyers’ target.



Nasdaq

General overview

Wall Street weakened after weaker-than-expected Retail Sales and Production Prices report. Despite the positive labour market data the Fed may wait with the rate hike until it gets a solid proof over the strength of the economy.

Current situation

Nasdaq refreshed its new local highs. The price returned to the resistance at 4800 where it ended the trading week. The resistance is at 4800, the support stands at 4700.

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

The price hovered above the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are still pointing upwards.

Trading recommendations

If the instrument breaks above the level 4800 the price will grow to the next resistance at 4900.



S&P 500

General overview

The U.S stocks traded lower on Friday right the next day they had reached their historical peaks since 1999 on the back of the weaker-than-expected U.S statistics.

Current situation

The index set a new all-time high at the mark 2184.8 and is now decisively trading a few pips below this mark. The resistance is seen at 2180, the support is at 2165.

MACD decreased which indicates the buyers’ positions weakening. RSI moved away from the overbought area and is trending downwards.

The moving averages have slightly changed from Friday.

Trading recommendations

S&P500 shall struggle for the mark 2180. If buyers win the price will climb towards 2200. Alternatively, sellers will push the price towards 2165.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

16.08.2016

Euro

General overview

The dollar softened against its main rivals as the disappointing U.S statistics kept weighing on it.

Current situation

The euro strengthened on Monday on the back of the weak dollar. Traders were able to push the price upwards to the 1.1200 region. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI approached the overbought area. Indicators generate a buy signal.

The price is moving away from the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages range is expanding, the 50-EMA is moving away from the 100 and 200 EMAs. Moving averages generate a buy signal.

Trading recommendations

The price approached the resistance 1.1200. If the EUR/USD breaks the level the growth trajectory will be continued towards 1.1270.



Pound

General overview

The pound erased its latest gains as the delay with leaving the EU returned uncertainty to the markets.

Current situation

The pound remained under pressure, the sterling continued to approach the 31-yeal low. The instrument suffered a short lived downward movement, traders pushed the price below 1.2900.The current resistance is seen at 1.2900, the support exists at 1.2700.

The indicators (MACD and RSI) remained unchanged, both of them generate a sell signal.

The price headed away from the moving averages (50, 100 and 200) which are pointing lower in the 4 hours chat. The moving averages generate a sell signal.

Trading recommendations

We remain bearish on the pair. Once we break below the 1.2900 level, we think that the 1.2700 level will be next.



Yen

General overview

The yen slightly weakened on the back of the softer than expected GDP data of Q2.

Current situation

The dollar slightly recovered on Monday, however, we preserve a bearish outlook. The USD/JPY remained below 101.40 by the end of the trades. The resistance is at 101.40, the support comes in at 100.40.

MACD decreased which confirms the strength of sellers. RSI is neutral.

The price remained below the 50-EMA which extended lower. The 50-EMA acts as a resistance for the pair. The moving averages (50, 100 and 200) direction is downwards.

Trading recommendations

The overall outlook remains bearish, for a fall towards 100.40 support area.



Brent

General overview

The Brent grew and reached the 3-week high on the expectations of the OPEC meeting next month.

Current situation

Brent strengthened, the price traded in an upper channel and approached its upper limit by the end of the trades. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel.

MACD is in the positive area. If MACD remains positive buyers’ positions will strengthen. RSI entered the overbought area.

Brent futures moved away from the 200-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA in the mentioned time frame.

Trading recommendations

All eyes are right now at the resistance level 48.50. If Brent breaks the level it will keep growing towards 49.50. The instrument may pull back below 47.50 which is a good chance to buy on a dip.



S&P 500

General overview

Wall Street traded higher on Monday, the stocks set new all-times highs on the back of strong oil futures.

Current situation

Traders pushed the index higher and S&P500 was able to escalate up to 2190. The resistance is seen at 2200, the support is at 2180.

MACD remained in the positive area. The histogram grew which indicates the buyers’ strength. RSI moved away from the overbought area and stopped in a neutral area.

The 50-EMA moved away from the 100-EMA in the 4 hours chart. The price is still well above its moving averages. The moving averages are moving upwards in the mentioned time frame.

Trading recommendations

If a bullish momentum is preserved the index will continue setting new highs. The next buyers’ target is the mark 2200.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

17.08.2016

EURUSD

The European currency was finally able to break through a strategic 61.8 Fibonacci extension level (minimum-maximum uptrend of 2000-2008), which takes place in the region of EUR 1.1995 level. This means that in the medium-long term market returns to the bull trend. The fundamental picture is favorable toward this. The US dollar continues to lose ground, weakening against other major currencies. Dollar index has dropped in the area of two-month lows below 95 and 94 points. The negative dynamics of the USD is basicaly due to a decrease in the likelihood of rate hike in this year by the Fed. Today's statistics showed that US inflation remains at current boundaries. US consumer price index in July rose 0.1% compared to June, below expectations of analysts, who had forecast an increase of 0.2%. On the contrary, strong data from Europe supported the European currency. Nevertheless, we believe that resistance at 1.1322-1.1330, will not be passed immediately, and the market expects a pullback and consolidation in the 1.1195-1.1235 area, the old resistance area, which now acts as a strong support. In the medium term, we expect the pair is to gain to the area EUR1.1440-EUR1.1500



USD / JPY:

Today during the Asian session, the Japanese Yen continued to strengthen due to the US dollar weakening. USD / JPY pair is trading near an important strategic level of JPY100. As a result of downward movement the markets now below JPY100.77 support level. The probability to go lower seems to be valid, for the weakness of the US dollar promotes it. However, we believe that the pair is kind oversold and a psychological level of JPY99.90-JPY100 will continue to restrain the downward movement. Before going lower we shall see at least one more pullback upwards. From a technical point of view, at the American session, the pair turned to correction and rolled back into the area JPY100.42 JPY100.77 where we can expect the resumption of sales. However, we are cautious about quick passage JPY100-99.90 level.



XAUUSD:

From a fundamental point of view, the situation in the gold market develops interestingly. It is possible that the main phase of the current cycle of growth in this market is behind us. Reduced likelihood of a rate hike this year in the US- is a negative factor for precious metal. At the same time, the gradual return of risk appetite transfers the capital out of the gold market in the stock assets. Nevertheless it from a technical point of view, gold is trading in the mid-channel of 1335-1358 and we expect that some time the gold market will remain in this range. However, we note that the probability of testing the lower boundary of this range (US $ 1335 support per troy ounce) increases.



BRENT

Yesterday, Brent crude oil futures tested the level of 48.5 dollars per barrel, but failed to stay above. During the day the market was also unable to move higher. Whereas yesterday's impressive growth, there are reasons to expect a rollback on the factor of possible profit-taking. In the medium term the probability of Brent return to $ 50 area is high, at least while speculation about Energy Forum in Algeria remains in the game. From a technical point of view, the oil enters the high resistance area 48.50 -49 dollars per barrel.



S@P 500

US stock market today moved lower, retreating from historical highs. However, it may be noted that in despite restrained market dynamics and consolidation, risk appetite continues to dominate and the demand for stock assets is maintained. We expect the return to growth in the middle of the week after the Fed minutes published. From technical point of view first support is around 2176.76 points, and the next in the area of 2169 points.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

18.08.2016

EUR / USD

General overview

The EUR/USD trend remains bullish as pair is trading above the 61.8 Fibonacci extension (minimum-maximum uptrend 2000-2008), which passes near the level EUR 1.1995. Market is in consolidation mode.

Current situation

Despite the fact that in the general market sentiment got worse- the correction in the stock markets and the US currency gains, today the EURUSD pair is trading steadily at EUR 1.1270, consolidating after yesterday's growth from EUR1.1180 to EUR 1.1323

Trading recommendations

We expect ranged consolidation trade between 1.1195-1.1235, the old resistance area, which now acts as a strong support, and resistance area 1.1300-1.1322 and above.



JPY / USD

General overview

Today during the Asian session, the USDJPY has successfully implemented our yesterday's forecast. The pair pulled back to JPY100.77 and further to the area of 101.14, where stops and limits got triggered to lead USDJPY back to JPY100.74. In addition to the US dollar gains caused by Dudley speaking, the Japanese currency has been weakened by Japan Minister who said that financial authorities are ready to intervene if the exchange rate levels will be inappropriate.

Trading recommendations

According to our forecasts, this market will be trading around the 100.77 level and within the limits JPY99.90-JPY101.67 range for some time. The negative downward trend is intact.



XAU / USD

General overview

Gold continues to trade within a medium-term channel $1335- $1358.

Current situation

Today gold market consolidate at the level of the balance price of this range at $1344. Trading activity during the day is reduced, for some time gold will stay consolidated within this range.

Trading recommendations

We note that the chance for downward consolidation breakout increased. (support at $1,335). However the likehood of the Fed rate hike can dramatically change the balance of power in this market.



BRENT OIL

General overview

Yesterday oil quotes came close to the resistance level of 49 dollars per barrel. After 4 days of growth, the market looks overbought and correction seems possible. US dollar gains will put pressure on the oil market as well. Published today, the data from US Information Energy Agency shows that last week, crude oil inventories have fallen by -2.508 million barrels, while analysts expected an increase of 0.522 million barrels.

Trading recommendations

The publication of the last Fed meeting protocols can also exert a strong influence on the oil market. However at the American session markets keeps on gaining trying to settle above $49.



SP 500

General overview

Concerns that the Fed will hike rates broke out with renewed vigor. Data on industrial production and the construction of US homes were positive, though accepted by the market negatively. American markets shifted to correction. The news of a possible rate hike in the US in the near future can dramatically change the market sentiment and lead to a weakening of risk assets demand and strengthening of the American currency.

Current situation

Today, mini SP 500 futures continue to show a negative trend, testing the key support level of 2167-2170 points. Market sentiment is negative.

Trading recommendations

The market is testing the important support level of 2170 points. The passage of this level will trigger a further longs sale -off dropping the market to 2160 and beyond 2150 points.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

19.08.2016

EUR / USD

General overview

A further weakening of the US currency brought EURUSD pair up from yesterday's consolidation levels. The current upward trend in the EURUSD market persists and is gaining momentum.

Current situation

Growth is restrained by a significant resistance level of EUR 1.1320. Support zone is located in the Eur 1.1207-Eur 1.1230.

Trading recommendations

We do not exclude the possible rollback from EUR 1.1320. Long positions are suitable on passing and confident settlement above this level.



JPY / USD

General review

During the Asian session, the pair USD / JPY, fell to a new level of support JPY99.90, ending yesterday's technical pullback upwards. Japanese data were contradictory. Japan's trade surplus in July amounted to 514 billion, which is almost twice more what economist expected - 248 billion. Japan imports volume (y/y) decreased by -24.7%, while expectation was a decline of -20.6%.

Current situation

Today, the pressure on the Japanese currency strengthened. The next support level – is local minimum at JPY98.93.

Trading recommendations

The market is bearish and is trading at local minimums . We are not sure of further dropping. However, passing level JPY99.90 will sends the quotes lower.



XAU / USD

General review

Gold continues to trade within a medium-term channel $ 1335- $ 1358. A further weakening of US dollar sent a quotation in the upper range of the specified Range. Consolidation continues. Trading activity is below average.

Trading recommendations

Exit from the consolidation is delayed. Inside channel trading with short stops is preferable.



AUD / USD

General review

The data on Australia economy keeps on appearing - the number of jobs grew by 26.2 thousand in July, higher than the forecasts. The level of the Australian unemployment rate fell in July to 5.7%, from 5.8% in June.

Current situation

The Australian dollar finished yesterday's correction and on Daily is trying to stay above the significant 0.7670 level. Prospects for further midterm growth are strong at least to 0.7820.

Trading recommendations

if market close above 0.7620 is it likely to gain futher.



NZD / USD

General review

The New Zealand dollar came close to strategic resistance 0.7300-0.7320. In case of breakdup we can talk about the medium-term bullish trend to 0.75-0.76.

Trading recommendations

We consider it reasonable to wait for the development of the current situation in the market and remain flat- uncertainty is high. Longs only after the passage and settlemnet above 0.7310-0.7315



BRENT

General review

Contrary to our expectations the overbought oil managed to consolidate above $ 49 and reached the area of $ 50 and then $ 50.25

Current situation

It looks like the market is moving up to the local maximum of 2016 years- $ 51 per barrel. Yesterday, the market was supported by inventory data. However, the annual level of the US oil production is still declining. It is a kind a sign of speculative component in this movement.

Trading recommendations

The rally in the oil market continues. Near term resistance is at $ 51 per barrel area. Support is around $ 49-67- $ 49



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

22.08.2016

EUR/USD

General review

Today the pair EURUSD, resumed its decline, after new Dudley and Williams comments has confirmed its position on rate hike in the near future.

Current situation

Technically, there are no reversal signals and the pullback seems to be correction however pair EURUSD may fall to the key support level of 1.1113.

Trading recommendations

At the same time, the medium-term upward trend still persist- in which the immediate goal of the bulls is a key resistance level of 1.1461.



JPY/USD

General review

During the Asian session USD / JPY has strengthened against the background of the general growth of the dollar.

Trading recommendations

The probability of a corrective pullback saved up for testing of a key resistance level JPY101,01



XAU/USD:

General review

Gold quotes fell to the lower border of the medium-term range 1336-1358.

Trading recommendations

On the four-hour chart a reversal candle pattern has formed, after which there is a probability of correction upwards, to the upper limit of the range. In case of breakdown, the upward movement to the key resistance level of 1357.64 will follow.



Brent

General review

Oil prices continue to rise and today quotes test key resistance level of 51.01.

Trading recommendations

In case of breakdown and consolidation above $ 51, the bulls can move the market, towards the key resistance level of 53.53. In the case of rebound from the key resistance level of 51.01, we can expect a downward correction to the key support level of 48.01.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

23.08.2016

EUR / USD

General review

The pair EURUSD opened with a slight downward gap at the beginning of the session, but market played back most of the losses and return to resistance level 1.1312-1.1320 area.

Current situation

Last week the final consolidation above 1.1320 failed to happen. Today's upward pullback from 1.1272 to 1.1312 could be a result of the closing stops.

Trading recommendations

EUR/USD trend remain bullish as pair is trading above the 61.8 Fibonacci extension. However, the situation is not clear – upward and downward movements are both possible- we stay out of the market to clarify the situation.



USD / JPY:

General review

USD/JPY pair has greatly strengthened during the Asian session today amid strengthening of the US dollar. Yesterday the FED official Fischer voiced the opinion that the regulator is to return to interest rate hike before the end of this year.

Current situation

The gap was formed at the start of trading day as USDJPY market opened close to 100.77-resistance level. This was followed by a pullback, but the gap was not filled- which might be a strong bullish signal. During the European session, the USDJPY pulled back to 100.32.

Trading recommendations

In today's market uncertainty, we expect the range trading within 99.90-107.78



AUD / USD

General review

During the Asian session, the pair AUD / USD, dropped below the key resistance level of 0.7672. At the end of the previous week's market AUDUSD failed to consolidate above 0.7672, which could mean the development of medium-term growth. We do not exclude attempts to test this level in the near future.

Current situation

In terms of technical analysis, it is preferable to wait for consolidation with the possible development of the downward correction. Close support area is at 0.7540-0.7580 levels



XAU/USD:

General review

Amid US dollar gains, the gold price have made an attempt to exit dawnward from the medium-term channel 1.1336-1.1358.

Current situation

Gold is testing the lower boundary of the medium channel at 1336,

Trading recommendations

The development of a downward movement is likely if the market close below 1.1333-1.1336. However, we expect a short-term return of into the designated channel on technical factors.



Brent

General review

Oil has completed the last week in the area of 51 dollar per barrel.

Current situation

After a week of growth, the expected correction began to implement. Talks about a possible increase of the Fed rate, and the US dollar gains - will put pressure on the oil market.

Trading recommendations

We're careful with predictions about the depth and strength of correction. Nevertheless, the nearest support is in the area of $ 49 per barrel.


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