"Fort Financial Services"- fundamental and technical analysi

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

Postby ValdisFFS » Wed Aug 16, 2017 11:23 am

"Fort Financial Services"- fundamental and technical analysis.

17.08.2017


Euro

The euro continues to trade in negative ground. Sellers managed to lead the price to 1.1700 where they lost momentum for a while. After touching the level the single currency turned to the upside and recovered to 1.1750. As of writing, sellers are trying to return control now. They returned the spot to 1.1700 and are struggling with the level. The resistance resides at 1.1750, the support comes in at 1.1700.
Sellers broke the ascendant trend line. They need to consolidate below it now. If the spot stays below 1.1750 the price will continue its downward momentum towards 1.1650.

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Pound

The pound finally set its course after a week of directionless trades. The major left the range and headed south. Sellers reclaimed 1.2900 and posted a fresh low at 1.2844. The pound is likely to continue its slide today. The resistance lies at 1.2900, the support comes in at 1.2800.
The GBP/USD pair now seems to be heading towards its immediate support near 1.2800.

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USD/JPY

The upward trajectory lost steam around 111.00. Sellers seem to be guarding the level not allowing buyers to approach. The price stopped a few pips below the hurdle. The resistance lies at 111.00, the support comes in at 110.00.
The technical picture presents a bullish tone. Once we break above 111.00, we think that the 112.00 level will be next.

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XAU/USD

Gold continues to suffer the persistent weakness. The 1270 handle stopped sellers who are trying hard to reclaim the level now. The resistance exists at 1280, the support stands at 1270 dollars per ounce.
If the 1270 level stands the price will recover to 1280-1285. If it falls the pair will extend its losses to 1260 dollars per ounce.
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Brent

The downward momentum lost legs around 52.00 dollars per barrel. Fresh bids around the mark helped Brent to build on a correction. The price reclaimed 50.50 first and advanced to 51.22 after that. The resistance lies at 51.50, the support lies in at 50.50 dollars per barrel.
Sellers broke the ascendant trend line and are trying to take some profit now. We do not believe in the current growth. It is most likely corrective. The benchmark is likely to return to 50.50 soon.

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DAX

DAX had a positive morning on Wednesday. The index gapped upwards at the open and continued its rally afterwards. The benchmark broke 12200 and extended its gains up to 12300 during the first part of the day. The resistance lies at 12300, the support exists at 12200.
The 12300 hurdle is the last sellers’ defense line. If it falls buyers may regain control and push DAX to 12450-12500.

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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: 602
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Re: "Fort Financial Services"- fundamental and technical ana

Postby ValdisFFS » Fri Oct 20, 2017 1:54 pm

"Fort Financial Services"- fundamental and technical analysis.

20.10.2017

Euro

The euro extended its winning streak and grew to 1.1850 on Thursday. The major, however, failed to reclaim the level and bounced off fresh highs right after testing the hurdle. If buyers do not break above 1.1850 the spot may soften to 1.1800-1.1780.

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Pound

The pound is heavily offered and continues its negative slide. Sellers pushed the spot from 1.3150 to 1.3100 during the night trades and tried to retake the level in the morning. A break below the handle shall open the way towards 1.3050.

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Yen

USD/JPY managed to retake 113.00 and advanced beyond it. The pair posted a fresh high at 113.25 in the Asian session and remained above the handle afterwards. We expect to see a renewed buying pressure and move towards 113.50.

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Gold

Buyers managed to neutralize selling pressure and pushed the spot to 1290. However, they did not regain the level and stepped away. Sellers used this chance and regained control. They pushed the price to 1280 and took a pause to gather more steam for the next leg lower. A move below 1280 will generate more negative signals and risks further weakening to 1270.

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Brent

Brent oil prices left the short-term upward channel and edged lower. Sellers broke below 57.50 and pushed the benchmark to the 57-th figure. A firm break below the 57.00 handle could trigger fresh weakness for attack at 56.50.

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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: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Fri Oct 20, 2017 2:03 pm

"Fort Financial Services"- fundamental and technical analysis.

20.10.2017

Euro

The euro extended its winning streak and grew to 1.1850 on Thursday. The major, however, failed to reclaim the level and bounced off fresh highs right after testing the hurdle. If buyers do not break above 1.1850 the spot may soften to 1.1800-1.1780.

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Pound

The pound is heavily offered and continues its negative slide. Sellers pushed the spot from 1.3150 to 1.3100 during the night trades and tried to retake the level in the morning. A break below the handle shall open the way towards 1.3050.

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Yen

USD/JPY managed to retake 113.00 and advanced beyond it. The pair posted a fresh high at 113.25 in the Asian session and remained above the handle afterwards. We expect to see a renewed buying pressure and move towards 113.50.

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Gold

Buyers managed to neutralize selling pressure and pushed the spot to 1290. However, they did not regain the level and stepped away. Sellers used this chance and regained control. They pushed the price to 1280 and took a pause to gather more steam for the next leg lower. A move below 1280 will generate more negative signals and risks further weakening to 1270.

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Brent

Brent oil prices left the short-term upward channel and edged lower. Sellers broke below 57.50 and pushed the benchmark to the 57-th figure. A firm break below the 57.00 handle could trigger fresh weakness for attack at 56.50.

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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: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Mon Oct 23, 2017 6:55 am

"Fort Financial Services"- fundamental and technical analysis.

23.10.2017

Euro

Buyers lost control over the market after touching 1.1850. The pair turned around after that and declined to 1.1750. A decisive break below 1.1750 could open the door towards 1.1700.

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Pound

The overall picture remained negative. However, buyers could win some time when pushed the pound to the upper limit of the downward channel and broke the line. We do not believe in buyers’ strength and consider this growth corrective. The buying momentum will lose steam soon and sellers will regain control. Their primary target will be the 1.3100 level.

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Yen

Buyers extended the upward trajectory and pushed the pair to 113.50 on Friday and continued their advance on Monday. The US dollar gapped upwards through the level and headed towards 114.00. To resume the uptrend, the spot has to break the resistance level at 114.00.

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Gold

Gold recovery stalled at 1290 where the pair faced some selling rejection. The yellow metal eased after that and declined to 1280 dollars per barrel. A bout of fresh selling interest emerged at the open. Gold gapped downwards and made a leg lower to 1275. If the selling pressure remains intact the XAU/USD pair may continue its slide to 1270.

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Brent

Fresh bids around 56.50 helped Brent to get some traction. The benchmark bounced from the handle and rallied towards 57.50 which broke right after testing it. Buyers continued their advance after that and reached 57.90 where they spent the night and the morning on Monday. Brent could reverse more losses if it moves above 58.00 dollars per barrel.

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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: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Tue Oct 24, 2017 6:17 am

"Fort Financial Services"- fundamental and technical analysis.

24.10.2017

Euro

Sellers’ attempt to regain 1.1750 failed on Monday. The euro just tested the level and stayed around it afterwards. If sellers fail to retake the level today the pair may roll back to 1.1770 – 1.1800.

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Pound

The pound remained inactive staying in a tight range between 1.3200-1.3150. We believe traders will keep the price in a directionless mode today.

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Yen

Buyers spent the whole Monday trying to get through 114.00. When they exhausted they gave up fresh highs and retreated. Sellers filled the gap and led the spot below 113.50. A firm break below 113.50 handle could trigger fresh weakness for attack at 113.00.

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Gold

The bullish spike faded when gold broke the level 1280. The spot posted a high at 1283 and retreated to the nearest handle after that. If gold prices fail to leave 1280 upwards sellers may drove the pair towards 1275.

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Brent

Buyers lost control when they tried to leave the 58-th figure. Brent turned bearish after this unsuccessful attempt and dropped to 57.50. A daily close below 57.50 will trigger losses towards 56.50.

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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: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Fri Oct 27, 2017 6:07 am

"Fort Financial Services"- fundamental and technical analysis.

27.10.2017

Euro

Renewed selling interest did not leave a chance to buyer to keep their gains. The euro pushed away from 1.1830 and sharply dropped to 1.1635. We expect a further decline and a move below 1.1600.

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Pound


The pro-dollar sentiment prevails in the market. The pound lost a lot on Thursday. The major fell from 1.3250 to the 1.3100 handle where the spot spent the night. The pound may extend its losses to 1.3050 today.

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Yen

Buyers returned on Thursday and pushed the pair to 114.00. They finally regained the level and posted a fresh high at 114.27. The US dollar remained above the 114.00 handle during the night and morning. We do not rule out a pull back to 114.00-113.70, but consider this decline as a good chance to buy the US dollar. Otherwise, the pair will keep its upbeat tone unchanged and may test 114.50.

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Gold

Gold holds firmly in red, sellers always stopped any buyers' attempts to build on a correction. Sellers tightened their grip on Thursday and sent the spot downwards. Gold prices fell to 1270, broke the level and stopped at 1266 where the pair spent the night and the morning. We expect a move towards 1260 today.

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Brent

Brent remains on strong bullish footing, thus the benchmark caught a fresh bid-wave on Thursday and rallied to 59.50 where buyers lost momentum. If the price succeeds and fixes above 59.50, the market may continue its growth towards the 60-th figure.

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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: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Tue May 15, 2018 7:04 am

"Fort Financial Services"- fundamental and technical analysis.

15.05.2018

Euro

Bears unexpectedly returned control on Monday. The EUR/USD pair pushed away from 1.2000 and dropped to the 1.1920 area where the major spent the night and continued its sell-off in the morning. The pressure to the downside is likely to persist. We are waiting for a break below 1.1920 and a move towards 1.1900 now.
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Pound

The US dollar recovery influenced the GBP/USD pair as well. The pair touched the 1.3600 level and pulled back after that. Sellers dragged the pound to the 1.3550 level afterwards where the major spent the night. A follow-through selling pressure has the potential to continue dragging the pair further towards 1.3500.
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Yen

The USD/JPY pair extended its rebound from 109.30 on Monday. Buyers reclaimed the 109.50 level and pushed the US dollar to the 109.60 area afterwards. A fresh buying impetus emerged in the morning and sent the major through 109.80 to 109.90. After breaking through the 109.80 resistance, the pair will most likely move up to around the 110.00 mark.

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Gold

Sellers unexpectedly returned on Monday and sent gold prices below 1320. They led the spot to 1315 first and then extended sell-off down to the 1313 area. The market sentiment is likely to remain negative today. In this potential scenario the yellow metal will decline to 1310 in the short-term.

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Brent

The positive bias persisted on Monday. A fresh buying interest boosted the Brent oil prices to fresh multi-years highs. Buyers regained the 77.50 level first and then moved the benchmark to the 78.50 hurdle. If a price breaks above this region, then this could lead to renewed buying momentum, possibly towards 79.50.
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*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
ValdisFFS
 
Posts: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Wed May 16, 2018 8:26 am

"Fort Financial Services"- fundamental and technical analysis.

16.05.2018

Euro

The euro extended its sell-off and hit the low at 1.1820 yesterday. The major faced buying rejection at the level and bounced back afterwards. The single currency may extend its recovery and visit the level 1.1850 today.

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Pound

The downward pressure increased on Tuesday. The pound extended its losses when the major dropped below 1.3500. Sellers drove the major to 1.3450 after that where they lost momentum and buyers started a recovery phase. The major bounced to 1.3500 and may extend its gains and probe the 1.3530 area later the day.

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Yen

The positive bias prevailed on Tuesday. Buyers managed to lead the USD/JPY pair from the 109.65 to the 110.40. The buying momentum eased over there. AS a result, the spot bounced off the border of the overbought zone and softened to the 110.00 handle. The overall sentiment is still bullish. We will wait the correction is over and will start buying the US dollar again.

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Gold

The yellow metal got under pressure and dropped from 1315 to the 1290 area. Buyers are trying to build a correction since then and managed to push the spot to the 1295 area by now. The yellow metal may extend its recovery and reach 1300 today.

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Brent

Brent oil prices remained in the upward channel. Buyers almost reached 79.50 when they lost control on Tuesday. As a result, the benchmark fell to the lower end of the ascending channel. Sellers led the price to the 77.50 where Brent found fresh bids and pulled back to the 78.50 hurdle. We are waiting for the Brent oil prices to revisit the 79.50 resistance in the coming sessions.

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*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
ValdisFFS
 
Posts: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Sun May 27, 2018 3:16 pm

"Fort Financial Services"- fundamental and technical analysis.

28.05.2018

Euro

The negative sentiment prevails in the market. However, sellers lost steam when they reached the 1.1700 handle. The price bounced off the level and recovered up to 1.1750 where the recovery move stalled and the price pulled back. The technical readings suggest the further softening. The price continues developing well below the moving averages. MACD is in the negative ground and is moving downwards. RSI is neutral. The resistance resides at 1.1700, the support comes in at 1.1650.
If the euro declines further, the tone would favor further losses towards 1.1650, en route to 1.1600.

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GBP/USD

The downward structure remained intact on Friday. The pound continues fluctuating in the downward range posting fresh lows. The sterling lost downward strength at the 1.3300 level and reversed its direction. The major bounced to 1.3400 where the buying interest weakened. Sellers regained control after that and sent prices downwards. The technical indicators hold within bearish territory. MACD is heading south right now. RSI is hovering above the oversold area. The resistance lies at 1.3400, the support comes in at 1.3300.
Prices may fall back below the 1.3200 mark if the US dollar returns to a growth.

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USD/JPY

The US dollar had another negative day on Thursday. The risk aversion drove the US dollar to the 109.00 level, however, the EMA200 defended this mark and rejected the major to 109.70 where the EMA100 limited pair's recovery. MACD indicator is in negative territory. RSI is neutral while the moving averages mostly continued their vertical rise, however, the 50 and 100 EMAs started to change their direction. The resistance resides at 109.50, the support comes in at 109.00.

If sellers regain the 109.00 level, they will get a good chance to extend their gains down to 108.00. If bears fail to move lower, the US dollar may recover to 110.00.

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S&P500

Buyers continued struggling with 2730 which appeared to be well defended by sellers. Bulls reached the level last week, but did not regain it despite the numerous attempts. They attacked the level this morning, however, offers at the handle rejected the benchmark downwards. The resistance lies at 2730, the support exists at 2700.

The divergence between the chart and MACD points to a possible sell-off. If buyers do not regain the 2730 hurdle in the short-term, sellers could seize control and send the index towards 2700 where it could find a decent support from the 100 and 200EMAs.

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DAX

DAX had a positive start to the day. The price gapped from 12850 to the 12900 level. The upward impulse continued afterwards and the benchmark was able to test the 13000 region when suddenly buyers lost momentum and DAX dropped towards 12900. The resistance lies at 13000, the support exists at 12900.

If the selling pressure persists, the DAX index may return below 12900 and move towards 12800 afterwards. The EMA100 is located in this region and may save buyers and reject the price upwards.

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*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
ValdisFFS
 
Posts: 602
Joined: Sat Jul 05, 2014 9:38 am

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

Postby ValdisFFS » Tue May 29, 2018 3:36 am

"Fort Financial Services"- fundamental and technical analysis.

29.05.2018

Euro

A fresh wave of the US dollar buying interest emerged on Monday and sent the euro to fresh lows. As a result, the spot dropped to 1.1600. If the price consolidates below this support, it may continue the downward trend in the short term. The potential sellers' targets are 1.1570 and 1.1550.

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Pound

The pound continued moving downwards in the descending channel. The major bounced from the upper limit of the range on Monday and dropped to its lower one which is located in the 1.3300 area. If the price keeps going down it will test 1.3250 soon.

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Yen

The US dollar remained under pressure and is tending to move lower. Sellers pressured the 109.30 support and spent the whole Monday trying to regain the handle. They got lucky to retake the level in the night when a bout of fresh selling pressure sent the spot to 109.00. If they overcome this barrier, they may probe the 108.70 area soon.

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Gold

Gold looks flat and is trading in a narrow channel staying between 1299 and 1297. The yellow metal may extend its consolidative pattern on Tuesday.

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Brent

Brent is trying to build a recovery. Buyers pushed the benchmark away from 74.50 towards 75.50 where the recovery move stalled on Monday. Bulls made another attempt to reclaim the level in the US session and failed again. If the positive bias remains intact, the benchmark may advance to 76.00 later the day.

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*Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
ValdisFFS
 
Posts: 602
Joined: Sat Jul 05, 2014 9:38 am

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