"Fort Financial Services"- fundamental and technical analysi

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

11.05.2017

Euro

Current situation

The U.S. currency maintained control of the flows on Wednesday. The pair extended its losses below 1.0900. Sellers managed to lead the spot to 1.0850 during the day trade. The technical indicators were mixed in the 4 hours timeframe. The 50,100 and 200 EMAs were bullish while MACD and RSI pointed to buyers’ activity decline. The resistance is at 1.0900, the support comes in at 1.0850.

Trading recommendations

A move below 1.0850 will signal the strength of sellers sending the euro to 1.0800.



Pound

Current situation

The GBP/USD pair remained in an uptrend on Wednesday. Buyers tried to reclaim 1.3000 in the morning but failed again. The pound bounced off the level and headed to 1.2900. According to the 4 hours chart all the technical indicators remained in green. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

A break below 1.2900 will show room for further downside. Sellers may drive the pound to 1.2850.



USD/JPY

Current situation

Buyers found a strong resistance at 114.00. Sellers seem to be guarding the level not allowing bulls to move beyond the hurdle. Buyers were trying to retake the level during the European trades after unsuccessful attack on Tuesday. The pair just approached the level in the mid-European session flirting with the level the whole European session. All the technical indicators were mixed in the 4 hours chart. The resistance lies at 114.00, the support comes in at 113.00.

Trading recommendations

Inability to post fresh highs may turn the market bearish for a while. If the price succeeds and fixes below the mark of 113.50, the market may start a descending correction to 113.00 – 112.50.



AUD/USD

Current situation

The AUD extended its correction on Wednesday. The Aussie was strengthening the whole day heading towards 0.7400. The 4 hours chart showed that the indicators were mixed. The EMAs were negative while MACD and RSI showed a buy signal. The resistance lies at 0.7400, the support comes in at 0.7350.

Trading recommendations

A move below 0.7350 would revive bearishness towards 0.7300. Meanwhile the pair is growing and we prefer to stay out of trades until we get a sell signal.



XAU/USD

Current situation

The recent bullish spike lost steam after breaking above 1220 dollars per ounce. Gold prices stalled their upward trajectory trading in a tight range between 1220 – 1225 during the European session. A bout of fresh buying pressure emerged ahead of the NA opening. Buyers continued pushing the yellow metal upwards heading towards 1230. The moving averages moved downwards in the 4 hours chart. MACD and RSI pointed to a possible move upwards in the same chart. The resistance is highlighted 1230, the support comes in at 1220 dollars per ounce.

Trading recommendations

While to the upside, 1230 resistance will need to be retested for support before a price can rally towards 1240 dollars per ounce.



Brent

Current situation

Brent bounced from 48.50 on Tuesday and maintained its bid tone on Wednesday. Buyers were struggling hard to move the price to 49.50 dollars per barrel the whole day. The indicators were mixed in the 4 hours chart. The 50, 100 and 200 EMAs maintained their negative slope while MACD and RSI were growing. The resistance is highlighted 49.50, the support comes in at 48.50 dollars per barrel.

Trading recommendations

To neutralize the current selling pressure buyers need to reclaim 50.50 we are bearish until then.



DAX

Current situation

DAX buyers failed to retake 12800 on Tuesday. Buyers had to give up their gains and retreated. The index continued losing ground on Wednesday. Sellers moved the price to 12700 where the benchmark faced a minor upward rejection. According to the 4 hours timeframe the EMAs remained positive while MACD and RSI showed buyers’ activity slow down. The resistance lies at 12800, the support comes in at 12700.

Trading recommendations

The overall outlook remains bullish, for a rise towards 12800 resistance area.



S&P500

Current situation

S&P500 remained under selling pressure on Wednesday. The index was struggling with 2390 to move lower the first part of the day. The 50, 100 and 200 EMAs maintained their bullish slope in the 4 hours chart. MACD and RSI moved to the downside. The resistance lies at 2400, the support comes in at 2380.

Trading recommendations

In order to recover some strength, the index needs to rise back and hold above 2400. Meanwhile, if the index remained under pressure the benchmark may retake 2390 and move to 2380.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

12.05.2017

Euro

Current situation

The single currency maintained the positive tone during the European session. The euro found decent support at 1.0850 and tried to reverse some losses. The pair almost reached 1.0900 when the upward impetus faded. In the 4 hours chart the technical readings were mixed. The resistance is at 1.0900, the support comes in at 1.0850.

Тrading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.0850. However, if the 100-EMA and 1.0850 hold we may witness a pull back towards 1.0950.



Pound

Current situation

The selling pressure intensified in the morning after an Asian flat. Sellers pushed the pound lower and touched 1.2900 in the mid-European session. The level failed to stop sellers who broke the handle at noon. The EMAs are still heading north while MACD and RSI started to give us sell signals. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

We expect to see a renewed bearish pressure. Below 1.2900, GBP/USD will likely target 1.2800 support



USD/JPY

Current situation

The USD/JPY pair consolidated its recent gains to near two-month highs on Thursday. The currency pair traded flat in a tight range 114.00-114.30. According to 4 hours chart the technical indicators were mostly positive. The resistance lies at 115.00, the support comes in at 114.00.

Trading recommendations

A move below 114.00 would revive bearishness towards 113.50. However, we consider such a scenario as an alternative. We believe the major will remain in green in near-term.



NZD/USD

Current situation

The NZD/USD pair sharply dropped at the daily open on Thursday. Buyers reversed some losses during the Asian session. However, bulls lost their steam in the morning. Sellers regained control pushing the price to fresh lows. The technical picture was negative in the 4 hours chart. The resistance lies at 0.6850, the support comes in at 0.6800.

Trading recommendations

If the selling pressure persist we cannot rule out the chance that the pair would try to get to the level at 0.6800.



XAU/USD

Current situation

The undertone for Gold was clearly positive on Thursday. The spot was growing the first part of the day and reversed the half of its Wednesday’s losses. The 50, 100 and 200 EMAs were negative while MACD and RSI pointed to a correction. The resistance is highlighted 1230, the support comes in at 1220 dollars per ounce.

Trading recommendations

The mark 1225 seems the next probable bullish target. If buyers regain the mark they may try to reach 1230 dollars per ounce.



Brent

Current situation

The market sentiment was firmly bullish on Thursday. Brent extended its near-term upward trajectory. Buyers broke 50.50 and pushed the benchmark higher afterwards. The price tested 51.00 in the late European session. The EMAs still maintain their bearish slope while RSI and MACD entered the positive area in the 4 hours chart. The resistance is highlighted 51.50, the support comes in at 50.50 dollars per barrel.

Trading recommendations

We believe the undertone will remain positive. The main buyers’ goal is the level at 51.50 dollars per barrel.



DAX

Current situation

DAX was neutral on Thursday. The index was neutral-to-bearish hovering above 12700. The EMAs moved upwards, MACD moved downwards while RSI remained neutral. The resistance lies at 12800, the support comes in at 12700.

Trading recommendations

A pullback is expected in the market in the near term. The price eyes strong support at 12700 loss of which would trigger further weakness.



NASDAQ

Current situation

After an Asian flat NASDAQ became bearish in the morning. The price was weakening the first part of the day approaching 5660. The technical indicators were mixed. The EMAs moved upwards, MACD moved downwards while RSI remained neutral. The resistance lies at 5700, the support comes in at 5660.

Trading recommendations

Firm break below 5660 handle would open 5620.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

16.05.2017

Euro

Current situation

The EUR/USD pair remained in bulls' hands on Monday. A soft tone around the US dollar helped the single currency to conquer fresh highs. The pair was neutral in the night. Buyers pushed the price higher in the morning and reached 1.0950 by noon. The level did not stop the major which continued its vertical rise afterwards. The technical indicators were positive in the 4 hours chart. The resistance is at 1.1000, the support comes in at 1.0950.

Trading recommendations

If the bullish tone persists we expect a consolidation above the level 1.0950. If bulls retain control afterwards the pair may retest 1.1000 this week.



Pound

Current situation

The pound had a positive start to the day. Bulls managed to regain 1.2900 in the mid-Asian session. The major maintained its buying bias afterwards and reached the 1.2950 area in the late European session. The 4 hours chart showed that all technical indicators were positive. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

We believe the pound will continue flirting with daily tops. A further extension to 1.3000 is not ruled out.



USD/JPY

Current situation

The positive tone persisted during the night trades. As a result buyers successfully reclaimed the 113.50 mark in the early morning. However, the buying interest faded after that and the pair slightly eased. The technical indicators were positive in the 4 hours chart. The resistance lies at 114.00, the support comes in at 113.00.

Trading recommendations

We are bullish near-term. The first bulls’ target lies at 114.00, en route to 114.37.



AUD/USD

Current situation

The AUD/USD pair regained some traction on Monday. Bulls maintained control and drove the spot higher. The pair was growing the first part of the day and reached the 0.7450 region in the late European session. The indicators were mixed in the 4 hours chart. The moving averages kept heading south while MACD and RSI grew. The resistance lies at 0.7450, the support comes in at 0.7400.

Trading recommendation

The pair is still in a descending channel approaching its upper limit. If buyers retake the 0.7450 resistance area they may drag the major to 0.7500.



XAU/USD

Current situation

Bulls maintained control on Monday. Buyers regained 1230 and tried to keep the upward traction afterwards. The precious metal failed to advance beyond 1230 and stayed around the level afterwards. According to the 4 hours chart the indicators were mixed. The EMAs were negative while MACD and RSI gave us buy signals. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.

Trading recommendations

As the most probable scenario, we consider further moving upwards towards the level at 1240 dollars per ounce.



Brent

Current situation

Brent gapped higher at the daily open. Bulls remained in the driver’s seat afterwards and drove the price to 52.25 where they stopped. According to the 4 hours chart the indicators were mixed. The EMAs pointed lower while MACD and RSI gave us buy signals. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.

Trading recommendations

The main our goal is the level at 52.50 dollars per barrel now.



DAX

Current situation

Buyers failed to reclaim 12800 and had to retreat. The price bounced from 12800 and edged lower. Sellers managed to lead the price to 12740 by the late European session. The indicators were mixed in the 4 hours timeframe. The resistance lies at 12800, the support comes in at 12700.

Trading recommendations

The index is still in an upward channel. DAX approached its lower limit at 12700. A cut through here will aim traders at the 12600 level. If the handle stands the index will pull back to 12800.



NASDAQ

Current situation

The upward structure remained in place on Monday. However, buyers failed to maintain the upward trajectory. The price pulled back to 5685 after testing 5700. The benchmark spent the second part of the day around 5680. The technical indicators remained in the green in the 4 hours chart. The resistance lies at 5700, the support comes in at 5660.

Trading recommendations

A pullback is expected in the market in the near term. All eyes are right now at the support level 5660.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

22.05.2017

Euro

Current situation

The single currency returned to a growth again. The pair bounced from 1.1100 in the morning and reversed the majority of its losses by noon. The pair touched 1.1150 in the mid-European session and was trying to retake the level the rest of the session. The resistance is at 1.1150, the support comes in at 1.1100.

Trading recommendations

As the most probable scenario, we consider further moving upwards towards the level at 1.1200.



Pound

Current situation

The pound opened green against the dollar on Friday. The major negated Thursday’s losses heading towards 1.3000. The cable broke the level in the mid-European session but failed to advance further. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

If bulls remain in the driver’s seat we cannot rule out the chance that the pair would try to get to the level at 1.3100.



USD/JPY

Current situation

The recovery from 111.00 stalled at 111.70 and USD/JPY turned neutral on Friday. The price stayed in a narrow flat between 111.15 – 111.70 the Asian and the European sessions. The resistance lies at 112.00, the support comes in at 111.00.

Trading recommendations

If the pair manages to make a breakout of the 112.00 mark the next target for this pair is the resistance level of 113.00.



NZD/USD

Current situation

Buyers managed to stop decline when the downward pressure lost steam at 0.6800. Bulls made a weak attempt to regain control in the morning pushing the spot to 0.6900. However, sellers were strong enough to return the price below the level. The resistance lies at 0.6900, the support comes in at 0.6850.

Trading recommendation

A consolidation below 0.6900 will confirm sellers’ strength. Our profit target will be 0.6850 in this case.



XAU/USD

Current situation

The pair sharply dropped on Thursday. However, the spot remained in a near-term upward channel. Gold prices just tested the lower limit of the channel. Buyers were struggling to build a recovery on Friday and managed to reverse a minor portion of their fresh losses by the late European session. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

Trading recommendations

A clear break above 1255 would indicate that the bullish phase has resumed. Bulls will try to regain 1260 first to lead the price to 1270 afterwards.



Brent

Current situation

Brent maintained its bid tone on Friday. The price grew to 53.30 where the benchmark faced some downward rejection. The resistance is highlighted 53.50, the support comes in at 52.50 dollars per barrel.

Trading recommendations

The oil price now has the potential to post more gains. The next probable bullish target is 53.50.



DAX

Current situation

DAX was neutral on Friday. The price stayed in a tight range 12600 – 12630 the first part of the day. The resistance lies at 12700, the support comes in at 12600.

Trading recommendations

A break above 12650 will show room for further upside. The index may reclaim the 12700 level in the coming sessions.



NASDAQ

Current situation

NASDAQ had a positive start to the day. The price pushed away from 5620 and edged higher. Bulls managed to lead the index to 5640 where they lost strength. The resistance lies at 5660, the support comes in at 5620.

Trading recommendations

If the index stays below 5660 sellers may lead the price to 5620.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

25.05.2017

XAUUSD.

Within the yesterday session the gold price were rapidly changing and then finally reached the level of 1255. By this gold made influence on the velocity making a good sign after the recent impulse. Resistance is hold at 1265, support comes in at - 1245.

Trading recommendations.

Long term goal is set at 1300. If the price goes down, the target point would be at 1265 level.



Brent.

During the day Brent lose its positions but then formed a good supportive candle. It's quiet hard to follow up Brent now since everyone awaits for general OPEC announcement. Resistance saves at 54.60, support comes in at 54.30

Trading recommendations.

There's uncertainty for the forecasts due to OPEC forthcoming decision. Friday will show us the direction.



DAX

DAX faced strange influences due to initial gap lowering, filling these gaps and then bouncing to the higher rates. Resistance is hold at 12650, support comes in at 12500.

Trading recommendations.

Due to this tendency we could meet the price growth up to the 12750 level.



NASDAQ.

NASDAQ continues to doing better rather than the other US indexes. Buying remains to the best decision concerning the index. Resistance is hold at 5715, support comes in at 5700.

Trading recommendations.

If the price gets over 5720 mark, it would be a good tendency for getting higher and higher.



EURUSD.

EURUSD has corrected its position within 24 hours and got below 1.1200 level. We've seen an attempt to get to higher ranges but it went downwards. Resistance saves at 1.1180, support comes in at 1.1120.

Trading recommendations.

Due to the dollar strengthen the price could be going lower to 1.1120 point.



USDJPY.

USDJPY met the unexpected issues on Tuesday since traders reproached the confidence in US ability to achieve its economical agenda. Resistance is hold at 112.788, support comes in at 112.300.

Trading recommendations.

Current situation placed Yen in between area of 112.3 and 112.8 hence it could encourage buying opportunity



NZDUSD.

New Zealand rose higher than US dollar earlier but then moved downwards hence making the traders willing to earn. Resistance is hold at 0.7020, support comes in at 0.7000.

Trading recommendations.

NZDUSD seems to fall under pressure on Wednesday by the news around China that could stimulate further selling of the currency.



GBPUSD.

Great Britain pound follows up its lowering trend manner and making a hard time for bullish traders by such tendencies. Resistance is hold at 1.2980, support comes in at 1.2950.

Trading recommendations.

Recent Manchester's terrorist attack influenced on the pound too besides other news. Some price lowering could expected in near time.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

29.05.2017

EURUSD

EURUSD kept its positions despite both the dollar raising and other currencies fallings during the last session recovering its economic strength. Resistance is hold at 1.1230, support comes in at 1.1210.

Trading recommendations

As there's a lack of important news to come due to the month end it's expected to keep the current pair volatility in short term.



GBPUSD

GBPUSD faced the volatility in previous session as it rushed straight to 1.300 range and then got lower within the day. UK leaving from EU still goes on and spreads it influence on the pair. Resistance is hold at 1.2940, support comes in at 1.2900.

Trading recommendations

Current volatility seems to continue follow its direction. Due to the tendency of going to high ranges it's good to trade on long-terms



USDJPY

Japanese Yen was crawling to the high top within most part of Thursday as the bullish moods were prevailing that day. Resistances saves at 111.8, support comes in at 111.2.

Trading recommendations

If the breakout will be lower than 111 level, the bulls are good to go. Don’t forget to monitor the other Jen-connected markets.



NZDUSD

As the US-dollar-based investors gave the positive feedback on FED's cutting down its budget New Zealand dollar ended session at lower range against US one. Resistance is hold at 0.7040, support comes in at 0.7010.

Trading recommendations

If the price gets over the 0.698 level the market could get lower up to 0.695. Short-term trades seem to be good ones here.



Brent

After OPEC disappointing announcement on Thursday on further production cuts Brent slightly moved lower at the end of session. Resistance is hold at 51.8, support comes in at 51.00

Trading recommendations

It's most likely that Brent contract is in its short-term and might move its range at 51 or even go below its range.



XAUUSD

Gold seemed to surprise everyone by its yesterday's closing despite the dollar strengthen and oil prices lowering. Resistance is hold at 1265, support comes in at 1249.

Trading recommendations

Going below 1260 level shows the prevailing of the bulls while going over 1268 range will indicate the strengthening of bears positions.



DAX

DAX at beginning of Thursday's session reached the level of 12700 and during the session moved backwards to 12550. Resistance is hold at 12600, support comes in at 12500.

Trading recommendations

As for today no important news looms on the horizon today therefore we could expect some further consolidation and range widening on DAX.



NASDAQ

NASDAQ rose straight to the top and continues to keep the leadership amongst other US indexes. It seems that the next goal is achieving of 5800 range. Resistance is hold at 5785, support comes in at 5760.

Trading recommendations

Short-term trading seems to continue prevailing here, so the bullish mood is still in majority here.



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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

30.05.2017

EURUSD

EURUSD is going to be in consolidative mode due to China, USA and UK holidays today as well as both liquidity and volatility lowering is expected. Resistance is at 1.1200, support is at 1.1160.

Trading recommendations.

This week seems to be interesting due to the end current and beginning of a new moth. As for today there’s no important news to come.



GBPUSD

Last week was pretty varying for the pound but even though the 1.3030 wasn't achieved. Big influence on pair is having the end of the month and it's not clear yet whether it going to last for the next few days or not. Resistance is hold at 1.2840, support comes in at 1.2800

Trading recommendations.

Since US and UK both having holidays today there isn't that much to expect on the market.



USDJPY

No big movement is expected due to holidays in US, Britain and China on Japanese Yen today. It's also could be considered as a silent pause before the upcoming blizzard of number of important announcements and news in USA. Resistance is hold at 111.4, support comes in at 111.2.

Trading recommendations.

Yen could continue following its vector if the number of issues around Trump will continue to grow



NZDUSD

New Zealand used to be the last week top currency due to the number of local developments and global environment the pair gained the current position. Resistance is hold at 0.7075, support comes in at 0.7040

Trading recommendations.

As well as the rest of US dollar dependent currency the volatility and liquidity could be lower than usually by NZDUSD



DAX

DAX keeps holding near 12550 as the buying support level. There was a number of sellers' attempts to come over that range but without success yet. Resistance is hold at 12600, support comes in at 12570.

Trading recommendations.

As the US and England are having holiday today the lower volatility and liquidity is expected here.



NASDAQ

NASDAQ didn't change its ranges cardinally during last session. Looks like the market wills to follow up the upwards direction. Resistance saves at 5800, support comes in at 5795.

Trading recommendations.

Currently there's no big need in selling due to the unchanged ranges of the index.



BRENT

Last week OPEC's and others giants' announcement was met as the disappointing one as the bulls wanted the deeper cuts than just an extension. Resistance is hold at 52.3, support comes in at 51.9.

Trading recommendations.

For Brent oil the key area to look for is amongst from 51.1 to even up to 50.2.



XAUUSD

Right after the number of floating sessions during the last week the traders finally moved gold price right to the highest level since May. Resistance is hold at 1268.8, support comes in at 1265.2

Trading recommendations.

Due to the vocation of US, UK and China traders there could be a major move as well as volatility growth.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

31.05.2017

EURUSD

EURUSD had pretty calm session yesterday except for Draghi's speech that took place at evening and didn't have that much influence on pair. Resistance is hold at 1.1165, support comes in at 1.1115.

Trading recommendations.

As for today there is the important news coming from Germany and US that could add volatility to the market.



GBPUSD

GBPUSD is likely the only one pair that has some volatility yesterday. Despite all holidays the pair moved straight and crossed the 40 pips upwards. Resistance is hold at 1.2865, support comes in at 1.2800.

Trading recommendations.

In case the price goes over 1.290 level that would be the sign of the bullish mood prevailing in the market.



USDJPY

USDJPY is going to be under the pressure due to the rumors around another Greek bailout, speech of Draghi and forthcoming Italian elections. Resistance is hold at 111.3, support comes in at 110.9

Trading recommendations.

Today the US dollar investors will set the further vector for Japanese Yen due the number of upcoming USA economical announcements.



NZDUSD

After reaching the most high point since March yesterday New Zealand dollar moved downwards. Due to this it's needed to point out that selling is more preferable here rather than buying. Resistance is hold at 0.7055, support comes in at 0.7040

Trading recommendations.

NZD/USD is currently showing its reaction on EU Central Bank President Draghi and awaiting for the investors' reaction on the upcoming US reports



DAX

On Monday DAX was having pretty quiet session initially moving lower but then back to previously achieved range. Previously started consolidation seems to continue. Resistance is hold at 12640, support comes in at 12570.

Trading recommendations.

In case the current consolidation remains the price easily could move over 12700 level.



BRENT

Brent has moved upwards as well yesterday reaching out the 52.5 level. Now it seems that the price is going to move further to the top ranges. Resistance is hold at 52.2, support comes in at 51.8

Trading recommendations.

First key target look like 53 point and if it'll be reached the price could continue going even up to 54.5 level.



NASDAQ

NASDAQ was off trading yesterday due to the holidays as well. As for today it looks like if the price breaks through 5800 level the index will just continue going higher. Resistance is hold at 5790, support comes in at 5785.

Trading recommendations.

Market seems to reach and come over 6000 range hence it's good opportunity for long-term trading.



XAUUSD

Despite the getting stronger american dollar Gold continues to enhance and strengthen its positions. It's connected to the Monday's revealing on Greece loan issues. Resistance is hold at 1270, support comes in at 1263

Trading recommendations.

As the gold holds the range above 1265 gold will follow the heightening tendency, if the price gets lower 1259 that'll be the start of weakening.




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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

01.06.2017

EURUSD

Due to the dollar setback because of recent PCE date that was weaker than expected as a result Euro moved straight upwards reaching 1.12 range. Resistance is hold at 1.119, support comes in at 1.117.

Trading recommendations.

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected.



GBPUSD

On Tuesday after revealing the fact that US inflation continues in soft mode moving the dollar positions backwards the British pound rose to 1.288 and then went lower at end of session. Resistance is hold at 1.286, support comes in at 1.280

Trading recommendations.

Since today we have no upcoming UK-based news and it is the last day of the month so the end month money flows might hold GBPUSD under the pressure



USDJPY

Yesterday the investors didn't react that much on US economic news. Japanese Yen has strengthened its positions as there were no general changes in Bank of Japan policy. Resistance is hold at 111.2, support comes in at 110.8

Trading recommendations

As for today there's a number of minor announcements is expected only. The investors seem to wait for the major US Non-Farm Payrolls reports set on Friday



NZDUSD

New Zealand dollar was boosted by the comments of Graeme Wheeler of Reserve Bank of New Zealand as the positive reaction followed due to the domestic monetary system's risks receding. Resistance is hold at 0.7115, support comes in at 0.7090.

Trading recommendations.

Wheeler announcements could continue pulling NZDUSD through US session, especially in case the range of 0.7118 will be reached that could lead to the breakout.



BRENT

Brent felt during Tuesday's session reaching the range of 52.5 prior to this. Then it continued going downwards. Resistance is hold at 51.8 , support comes in at 50.3

Trading recommendations.

Further price direction will be defined depending on the markets reaction on both weekly and monthly supplies. In case the price gets over 52.2 level that could be defined as the bullish sign setting the price to the higher level.



DAX

Right after correction and lowering down to 12550 DAX rushed straight upwards to the range of 12800. Currently DAX continues to consolidate without any pointable changes. Resistance is hold at 12690, support comes in at 12600.

Trading recommendations.

In case the break over 12700 level happens and continue going to 13000 level that shows that the bulls are good to go.



XAUUSD

Yesterday's reports seem to continue having influence on Gold but what could stop current losses is the forthcoming news such as the US payrolls repots planned on Friday. Resistance is hold at 1265, support comes in at 1259.

Trading recommendations.

Since there is no any kind of major and important news set for today, everyone is waiting for Friday to come giving some clarification on further plans.


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

[ValdisFFS]

"Fort Financial Services"- fundamental and technical analysis.

05.06.2017

EURUSD

EURUSD was mostly going down on Thursday unless reached the 1.12 as the level of support. Resistance saves at 1.1225, support comes in at 1.1210.

Trading recommendations.

Seems the next target is to going to reach the 1.15 as the top range for the long-terms. If price gets lower the 1.12 the 1.1160 must be the supportive point



GBPUSD

British pound was slightly falling during yesterday and then by means of the 1.2825 as the supportive range finally reached the highs at 1.29. Resistance is hold at 1.2890, support comes in at 1.2835

Trading recommendations.

As for today the number of announcements on US payrolls set hence that may cause the volatility increasing. In that way the traders shall be careful with any positions they place



USDJPY

Despite the fact of forthcoming reports from US because of which the market volatility growth is expected USDJPY got quiet lucky and positive session yesterday. Resistance saves at 111.65, support comes in at 111.35

Trading recommendations.

Next goal of market set on 112 range or even further a bit at 112.5. In case price going downwards that gives the disappointing consequence the pair in general and could send it up to 108 range



NZDUSD

NZDUSD was mostly falling within Thursday's session until the level of 0.7050 was reached. Resistance is hold at 0.7085, support comes in at 0.7050

Trading recommendations

Today could be the hard-making for decisions on New Zealand due the less liquidity rather than on majors and because of upcoming reports announcement that could easily increase the current volatility.



XAUUSD

Within Thursday's session the gold was slightly following downtrend until got the support at 1260 range. Currently Gold makes attempts to go straight to 1275 but due to the US reports market might become more volatile. Resistance is hold at 1270, support comes in at 1260.

Trading recommendations.

XAUUSD seems to give a try reaching the top ranges in case the price gets over the 1270 level. For the long-terms it's most likely that there's uptrend now here.




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