"Fort Financial Services"- fundamental and technical analysi

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

Postby ValdisFFS » Wed Apr 12, 2017 9:28 am

"Fort Financial Services"- fundamental and technical analysis.

13.04.2017

Euro

Current situation

The euro maintained its recovery pace on Wednesday. Having spent the night in a tight range above 1.0600 the spot edged higher at the European session open. The resistance is at 1.0650, the support comes in at 1.0600.

Trading recommendations

In order to recover some strength, EUR/USD needs to rise back and hold above 1.0650. Until then, there is a chance for bears to return control. The last will strive to test 1.0550.

Image

Pound

Current situation

The GBP/USD pair spent the night around its fresh high at 1.2500. The pound tried to maintain its control struggling with 1.2500 in the European session. The resistance lies at 1.2500, the support comes in at 1.2400.

Trading recommendations

Sustained break above the 1.2500 region is seen as minimum requirement needed to confirm bullish resumption. In this scenario, buyers may lead prices towards 1.2600. Alternatively, a rebound here may revive the bearish momentum towards 1.2400 – 1.2370.

Image

Yen

Current situation

Sellers were unable to drive the US dollar below 109.50. The major reached the handle in the Asian session and immediately bounced from the level upwards. The resistance is highlighted at 110.00, the support comes in at 109.00.

Trading recommendations

Our next short-term objective for the USD/JPY is 110.30. However, the trend is bearish and a return to a downside is not ruled out. A close below 109.30 would put the 109.00 handle back on the agenda.

Image

AUD/USD

Current situation

The AUD/USD continued sideways trades on Wednesday. The level 0.7500 is in focus now. The price keeps moving back and forth around the mentioned handle. The resistance is highlighted 0.7500, the support comes in at 0.7450.

Trading recommendations

The pair looks oversold now. As the most probable scenario, we consider moving upwards towards the level at 0.7525. The spot may reach 0.7550 based on profit-taking.

Image

XAU/USD

Current situation

Buying pressure lacked momentum after approaching 1280 dollars per ounce. Bears are attempting to control the market now. Sellers pushed the price away from the recent high and moved the spot to 1270. The resistance is highlighted 1280, the support comes in at 1270 dollars per ounce.

Trading recommendations

A daily close below 1270 would risk 1265 dollars per ounce. If selling pressure persists the spot may reach 1260 in the coming sessions.

Image

Brent


Current situation

Brent maintained trading in the green zone on Wednesday. Buyers kept pushing the benchmark upwards the whole night and reached 56.50 in the morning. After a brief pause buyers moved the price higher and broke the level. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

Trading recommendations


The overall picture is the same. Black gold is in a near-term ascending channel. The trend is clear bearish for now. However, Brent oil prices are overbought. That’s why a pullback or consolidation is expected in the near term. The main goal for a correction is the level at 55.50 (the lower limit of the channel).

Image

DAX

Current situation

DAX maintained its neutral stance on Wednesday. The index was choosing direction the first part of the day. Bulls and bears were fighting for 12200 pushing the price up and down. The resistance is at 12200, the support comes in at 12100.

Trading recommendations

All eyes are right now at the support level 12100. As an alternative, DAX may remain range bound around 12200 searching for new direction.

Image

S&P500

Current situation

After a sell-off on Tuesday the index recovered some ground overnight. Buyers returned S&P500 in the familiar range. The benchmark traded between 2345 and 2357 the whole day. The resistance is at 2360, the support comes in at 2340.

Trading recommendations

A firm break below 2340 handle could trigger fresh weakness for attack at 2320.

Image

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

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

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

Postby ValdisFFS » Sun Apr 16, 2017 2:43 pm

"Fort Financial Services"- fundamental and technical analysis.

17.04.2017

Euro

Current situation

After a sell-off on Thursday the single currency was trying to build a recovery on Friday. Sellers failed to break below 1.0600. As a result the price bounced off the level in the night and headed north during the day trades. EUR/USD reached 1.0625 in the late European session. The resistance is at 1.0650, the support comes in at 1.0600.

Trading recommendations

We expect to see renewed bearish pressure in the near term. A breakout of 1.0600 would aim for 1.0550. Meanwhile, the major is correcting heading towards 1.0650. A break here may prolong recovery up to 1.0675. A rebound here will return bearishness to the market.

Image

Pound

Current situation

The level 1.2500 stopped sellers on Thursday. The price bounced off the level in the Asian session on Friday and edged higher. The pound was growing the whole night and reached 1.2515 in the morning. The spot remained almost unmoved staying around recent highs later the day. The resistance lies at 1.2600, the support comes in at 1.2500.

Trading recommendations

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

Image

Yen

Current situation

The level 109.00 stopped sellers' further advance on Thursday. After a night flat around the handle sellers made another attempt to reclaim 109.00. They intensified pressure in the morning battling with the level the first part of the day. The resistance is highlighted at 110.00, the support comes in at 109.00.

Trading recommendations

The bearish momentum is likely to be regained. A downtrend will start as soon, as the pair gets below the support level 109.00.

Image

USD/CAD

Current situation

The upmove lacked momentum after touching 1.3330. The level rejected the price in the night. USD/CAD slightly eased in the Asian session and continued its slide during the day. The resistance is highlighted 1.3330, the support comes in at 1.3260.

Trading recommendations

The price eyes strong support at 1.3260 loss of which would trigger further weakness towards 1.3225.

Image

XAU/USD

Current situation

As the market was closed on Friday gold prices remained in a tight range around 1285. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.

Trading recommendations

Once we break below the 1280 level, we think that the 1270 level will be next.

Image

Brent

Current situation

Oil market was closed amid Easter holidays. The price closed the week under pressure staying close to the lower limit of the ascending channel at 55.50 dollars per barrel. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

Trading recommendations

A break below 55.50 will suggest a further weakness towards 54.50 dollars per barrel.

Image

DAX

Current situation

European market was light on Friday amid Good Friday. DAX remained neutral-to-bearish staying in a tight range around 12100. The resistance is at 12200, the support comes in at 12100.

Trading recommendations

Firm break below 12100 handle would open 12000.

Image

S&P500

Current situation

Wall Street was closed amid Easter holidays. S&P500 preserved its undertone. After staying around 2340 the index moved lower and closed the week a few pips above 2320. The resistance is at 2340, the support comes in at 2320.

Trading recommendations

All eyes are right now at the support level 2320.

Image


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

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

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

Postby ValdisFFS » Tue Apr 18, 2017 2:55 pm

"Fort Financial Services"- fundamental and technical analysis.

19.04.2017

Euro

Current situation

The EUR/USD pair remained confined within a 15-pips narrow range during the first part of the day. The euro was trying to gather an upside momentum. However, the level 1.0650 did not let buyers further. The spot was flirting with the level the whole night and the European session. The resistance is at 1.0650, the support comes in at 1.0600.

Trading recommendations

We believe the pair will remain in red figures. A move below 1.0600 would revive bearishness towards 1.0570.

Image

Pound

Current situation

GBP/USD maintained the bid tone in the Asian trade on Tuesday. The price started its rise from 1.2550 in the night and was able to reach 1.2600 by the morning. The pair found fresh offers around the hurdle. The pound bounced off the level post London open and moved downwards. The pair almost reached 1.2500 when the market turned bullish again. The pound rallied upwards, reversed its fresh losses and broke above 1.2600. The resistance lies at 1.2700, the support comes in at 1.2600.

Trading recommendations

If the major remains above 1.2600 buyers will lead the GBP/USD pair towards 1.2700.

Image

Yen

Current situation

Monday’s recovery stalled at 109.00. Buyers failed to reclaim the level. The price faced a downward rejection around the level and moved lower. The resistance is highlighted at 109.00, the support comes in at 108.00.

Trading recommendations

We still hold the view that the pair USD/JPY will remain offered in the short-term. Sellers will strive to return the major to 108.00.

Image

NZD/USD

Current situation

The NZD/USD pair remained neutral on Tuesday. The price stayed in a narrow range of 20 pips around 0.7000 during the first part of the day. Sellers pushed the price to the lower band in the night. Buyers made another attempt to continue recovery during the European hours. The resistance is highlighted 0.7050, the support comes in at 0.7000.

Trading recommendations

We cannot rule out the chance that the pair would try to get to the level at 0.7050 in the upcoming sessions.

Image

XAU/USD

Current situation

The bullish trend remained intact on Tuesday. The price bounced from the upper limit of an ascending channel around 1290 in the Asian session. The spot reached the lower limit at 1280 during the night. The downward impetus lost its leg around the handle. The yellow metal turned around and reversed the half of its losses by noon. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.

Trading recommendations

As the most probable scenario, we consider further moving upwards towards the level at 1290 dollars per ounce.

Image

Brent

Current situation

Brent oil prices maintained its ask tone on Tuesday. The benchmark was neutral in the night. Traders became more active in the morning. The price moved from 55.50 and softened to 55.00 in the late European session. Sellers kept pushing the price lower afterwards and reached 54.50 ahead of the NY opening. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

Trading recommendations

Once we break below the 54.50 level, we think that the 53.50 level will be next.

Image

DAX

Current situation

A bearish tone prevailed on Tuesday. The price gapped higher at the open. The index jumped from 12100 to 12200 where the buying momentum faded. DAX turned bearish immediately after that and started to lose its positions. The benchmark was weakening the whole morning and reached 12000 at noon. The resistance lies at 12100, the support comes in at 12000 dollars per barrel.

Trading recommendations

The immediate risk is still clearly on the downside. All eyes are right now at the support level 12000. A break below the level will open the way towards 11900.

Image

S&P500

Current situation

Monday’s recovery stalled at 2347. The market turned bearish sending S&P500 to the downside. Sellers were gathering steam the whole night and regained control in the mornings. Bears moved the price lower in the European morning and broke the level 2340 in the late European session. Sellers did not stop after that and continued driving the benchmark south afterwards. The resistance is at 2340, the support comes in at 2320.

Trading recommendations

If S&P500 remains below 2340 the price may fall further that should send this market looking for the 2320 level.

Image


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

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

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

Postby ValdisFFS » Wed Apr 19, 2017 11:13 am

"Fort Financial Services"- fundamental and technical analysis.

20.04.2017

Euro

Current situation

The EUR/USD eased-off during the night trades amid the US dollar recovery. The recovery, however, was short-lived and ended in the morning when buyers returned. The price slightly grew and reversed all its night losses by the morning. The upward momentum disappeared in the mid European session. The price reversed its direction and moved towards 1.0700. The resistance is at 1.0750, the support comes in at 1.0700.

Trading recommendations

A growth above the 1.0750 level will favor an advance up to the 1.0800 region. However, inability to move higher may cause some profit-taking towards 1.0680.

Image

Pound

Current situation

After posting fresh highs the pound stepped back giving the way to the US dollar. The pair was declining the whole night and reached 1.2800 by noon. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

A sharp breakout above 1.2900 could spark a further incline towards 1.3000. However, the major is overbought and we expect a pull back and return to 1.2700.

Image

Yen

Current situation

The USD/JPY pair caught fresh bids in overnight markets. The spot bounced off 108.30 in the Asian session and headed upwards erasing all the night losses. The US dollar bulls continued pushing the major higher during the day trades and approached 109.00 in the late European session. The resistance is highlighted at 109.00, the support comes in at 108.00.

Trading recommendations

We will place buy orders if USDJPY does a breakout at the resistance level of 109.00. A rebound here will return the spot to its lows.

Image

USD/CAD

Current situation

The US dollar opened green against its Canadian peer. The US dollar was strengthening on Wednesday, sending USD/CAD to fresh 9-day highs. Buyers broke 1.3400 in the morning and led the major higher afterwards. The price reached 1.3420 in the late European session. The resistance is highlighted 1.3470, the support comes in at 1.3400.

Trading recommendations

We still hold the view that the pair USD/CAD will struggle to climb north of 1.3470. Buyers aimed at 1.3450 first and at 1.3470 secondly.

Image

XAU/USD

Current situation

Gold prices remained in a wide range between 1290 and 1280 dollars per ounce. The price reached the upper band of the channel on Tuesday. However, buyers failed to retake the level. Bears regained control on Wednesday sending the price to 1280, thus erasing all Tuesday’s gains. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.

Trading recommendations

In order to recover some strength, XAU/USD needs to rise back and hold above 1290 dollars per ounce.

Image

Brent

Current situation

Brent oil prices opened in red figures and extended its downward bias a bit. Oil prices turned bullish in the mid-Asian session. The benchmark started to grow and reached 55.00 later the day. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

Trading recommendations

A close below the support at 54.50 could send oil price down to 53.50 dollars per barrel.

Image

DAX

Current situation

DAX was trying to recover on Wednesday. The index opened at 12000 and grew up to 12047 by noon. The resistance lies at 12100, the support comes in at 12000 dollars per barrel.

Trading recommendations

We believe the bearish trend will remain intact. When we break the level of 12000 the support 11900 will come back into play.

Image

NASDAQ

Current situation

NASDAQ gapped higher at the open on Wednesday. The index held a bullish tone afterwards. The benchmark continued moving higher the whole night and the morning and reached 5406 in the late European session. The resistance is at 5420, the support comes in at 5380.

Trading recommendations

If the upward pressure persists buyers will return NASDAQ above 5420.

Image

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

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

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

Postby ValdisFFS » Sun Apr 23, 2017 2:27 pm

"Fort Financial Services"- fundamental and technical analysis.

24.04.2017

Euro

Current situation

After the recent sell-off the EUR/USD pair started a phase of downside consolidation. The spot found a decent support at 1.0700 and stayed around the level. Sellers seem to have started gathering steam for more downside action struggling with the handle. The resistance is at 1.0750, the support comes in at 1.0700.

Trading recommendations

We do not believe in a growth right now. The pair is likely to move downside. A breakout of 1.0700 would aim sellers for 1.0650.

Image

Pound

Current situation

The pound continued its neutral stance on Friday. The major traded around 1.2800 during the day which was well defended by buyers. Any sellers attempt to break below was neutralized for now. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

We cannot rule out the chance that sellers will break below 1.2800 any way. Bears will move the major to 1.2700 in this case.

Image

Yen

Current situation

The USD/JPY pair came under selling pressure after breaking above 109.00 and posting a weekly high at 109.47. The spot was weakening the whole night and the first part of the European session. Sellers moved the pair to 109.00 by noon. The resistance is highlighted at 110.00, the support comes in at 109.00.

Trading recommendations

A move below 109.00 would revive bearishness towards 108.00.

Image

NZD/USD

Current situation

Sellers managed to break 0.7000 and advanced to 0.6980 where USD/CAD found fresh bids. A fresh buying interest helped buyers to reverse a minor portion of their losses. The price returned above 0.7000 and reached 0.7012 in the mid-European session. The resistance is highlighted 0.7050, the support comes in at 0.7000.

Trading recommendations

We are bullish until 0.7000 stands. As the most probable scenario, we consider further moving upwards towards the level at 0.7050.

Image

XAU/USD

Current situation

Gold prices kept moving sideways on Friday. The price moved back and forth within a 30-pips narrow range. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.

Trading recommendations

The bullish market structure remained intact any way. If the bullish tone persists we expect a growth to the level 1290 dollars per ounce.

Image

Brent

Current situation

Brent traded mostly sideways and the outlook for the day was mixed. The price was confined in a narrow range between 52.80 and 53.20 fluctuating up and down. The resistance lies at 53.50, the support comes in at 52.50 dollars per barrel.

Trading recommendations

We believe bears will remain in control. A fresh bout of selling pressure might force the price to resume its downward trajectory towards 51.50.

Image

DAX

Current situation

DAX had a negative start to the day. The price dropped to 12000 first which limited its further decline. The index turned around after testing the level and edged higher reversing its morning losses in the mid European session. DAX almost reached the opening price by noon. The resistance lies at 12100, the support comes in at 12000.

Trading recommendations

If the index manages to make a breakout of the 12100 mark the next target for this benchmark is the resistance level of 12200.

Image

NASDAQ

Current situation

NASDAQ maintained its positive bias on Friday. The index extended its gains in the Asian session and approached 5460 in the morning. Buyers failed to advance further and stopped. The resistance is at 5460, the support comes in at 5420.

Trading recommendations

The 5460 hurdle seems to be unbreakable barrier for the index. A break above the level will open the way for further advance. Above 5460, NASDAQ will likely target 5500 resistance. On the other hand, a failure here will make the price fall to 5420.

Image


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

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

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

Postby ValdisFFS » Sun Apr 30, 2017 3:47 pm

"Fort Financial Services"- fundamental and technical analysis.

01.05.2017

Euro

Current situation

After a night decline buyers seemed to have regained control in the morning. The pair found fresh bids around 1.0850 and quickly reversed the majority of its early losses. The spot was growing the whole morning and broke 1.0900 in the mid-European session. Buyers advanced further afterwards and tested 1.0950 in the late European session. All technical indicators were positive. The resistance is at 1.0950, the support comes in at 1.0900.

Trading recommendations

Bulls are back in town. Once we break above the 1.0900 level, we think that the 1.0950 level will be next.

Image

Pound

Current situation

Buyers took a pause during the night trades gathering steam for a new move higher. The morning brought fresh volatility to the market. Buyers continued their winning streak driving the pound higher. The major left 1.2900 and advanced to 1.2950. All technical indicators were positive. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

The pair may grow above the resistance level 1.3000 in the coming sessions. However, the hurdle may become an obstacle for the major. There is a possibility that the pair will bounce off the resistance after touching it.

Image

USD/JPY

Current situation

The USD/JPY pair was in a side-trend the first part of the day. The price was moving back and forth between 111.00 and 111.40. The technical indicators were mixed. The resistance lies at 112.00, the support comes in at 111.00.

Trading recommendations

Any move above 111.50 would increase chances of testing the 112.00 level. However, a weak US docket may send the price back to 110.00.

Image

AUD/USD


Current situation

AUD/USD remained flat on Friday. The price was fluctuating between 0.7450 and 0.7480 the first part of the day. The technical indicators were mixed. The resistance lies at 0.7500, the support comes in at 0.7450.

Trading recommendations

We believe the pair will remain in red figures. We await a break below 0.7450 to trigger another leg lower.

Image

XAU/USD

Current situation

Gold was flat on Friday. The spot was neutral-to-bullish the first part of the day. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260 dollars per ounce.

Trading recommendations

A close above 1270 will generate fresh bullish signal for further advance, which could extend to 1280 barrier.

Image

Brent

Current situation

Brent bullish spike faded after the benchmark touched 52.00. The price reversed its direction after that and headed towards 51.50. All technical indicators were negative. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.

Trading recommendations

A daily close below 51.50 would risk 50.50 dollars per barrel.

Image

DAX

Current situation

DAX continued its trades between 12500 and 12400. The price continued its slide after opening and reached 12400. The benchmark pulled back and returned to the opening prices after that. All technical indicators were mixed. MACD and RSI showed a correction while the EMAs gave us a buy signal. The resistance lies at 12500, the support comes in at 12400.

Trading recommendations

The price eyes strong support at 12400 loss of which would trigger further weakness towards 12350.

Image

NASDAQ

Current situation

NASDAQ was flat hovering above 5580 the first part of the day. The price was almost unmoved staying around 5590. All technical indicators were positive. The resistance lies at 5620, the support comes in at 5580.

Trading recommendations

We still hold the view that the price will struggle to climb north towards 5620.

Image


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

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

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

Postby ValdisFFS » Mon May 01, 2017 8:38 am

"Fort Financial Services"- fundamental and technical analysis.

02.05.2017

Euro

Current situation

The EUR/USD pair stayed around its local lows on Monday. The spot slightly weakened during the night trades. Sellers broke the 1.0900 support but failed to leave its region. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI pointed to a pull back. The resistance is at 1.0900, the support comes in at 1.0850.

Trading recommendations

The immediate risk is still clearly on the downside but we prefer to wait for a daily closing below 1.0850 before we continue selling.

Image

Pound


Current situation

The pound eased off from last week high as traders decided to book some profits. The major weakened to 1.2900 where the decline stalled. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI moved to the downside. 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. In this potential scenario sellers will push the spot to 1.2800.

Image

USD/JPY

Current situation

The pair held a bullish tone on Monday. A rebound from 111.20 lifted the spot out of the red. USD/JPY was growing the whole night and the morning. The pair approached 112.00 by noon. The technical indicators were positive. The 50-EMA crossed the 100-EMA upwards. MACD and RSI grew north. The resistance lies at 112.00, the support comes in at 111.00.

Trading recommendations

If the upward pressure persists a breakout of 112.00 would aim traders for 113.00.

Image

USD/CAD

Current situation

USD/CAD opened on a positive note on Monday. Buyers were driving the US dollar upwards the whole night and broke 1.3660 in the mid-Asian session. Buyers extended their gains up to 1.3686 afterwards where they lost steam. The spot stopped its advance and slightly eased. The technical indicators were positive. The resistance lies at 1.3680, the support comes in at 1.3610.

Trading recommendations

Above 1.3680, USD/CAD will likely target 1.3750 resistance.

Image

XAU/USD

Current situation

Gold failed to sustain Friday's recovery. The spot just tested 1270 and reversed its direction. The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance who stopped at the level struggling hard to break it through afterwards. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260 dollars per ounce.

Trading recommendations

A break below 1260 would open up the way for a move to 1250 dollars per ounce.

Image

Brent

Current situation

Brent gapped higher at the open on Monday. However, bulls failed to maintain the bid tone. Brent oil prices remained in a tight range between 51.50 – 51.70. The EMAs pointed to the downside while MACD and RSI were neutral. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.

Trading recommendations

We expect to see renewed bearish pressure. After breaking 51.50 the level of 50.50 will come back to the radar.

Image

NASDAQ

Current situation

NASADQ remained in an upward channel on Monday. The price bounced from its lower limit at the open and reversed all its Friday’s losses. The technical indicators were positive. The resistance lies at 5620, the support comes in at 5580.

Trading recommendations

We preserve our bullish views. We believe the next level to focus on is 5620.

Image

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

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

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

Postby ValdisFFS » Tue May 02, 2017 3:30 pm

"Fort Financial Services"- fundamental and technical analysis.

03.05.2017

Euro

Current situation

The EUR/USD pair feels comfortable around 1.0900. The price has been trading in the current range (1.0900 – 1.0920) about a week and seems to have no intentions to leave it. The spot grew to the upper limit of the sideways channel in the night. Buyers reached 1.0924 but failed to extend their gains afterwards. Buyers had to step away allowing the major to erase some night gains during the day trades. The resistance is at 1.0950, the support comes in at 1.0900.

Trading recommendations

As the most probable scenario, we expect range trading to be continued.

Image

Pound

Current situation

After posting fresh multi-month peaks on Friday the pound started the current week on the defensive. The US dollar weakness did not help the cable to extend its gains. The major stopped around 1.2900 and traded in a tight range around the handle during the day. Sellers attempted to leave the range in the morning. However, buyers stopped them and returned the price into the range. Technical indicators were mixed with the EMAs giving a positive signal while MACD and RSI gave a negative one. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

Buyers seem to be powerless and we do not see any chance they could push the price upwards. We believe the pair will keep losing ground and may reach 1.2800 soon. However, a further extension to 1.3000 is not ruled out, especially if we get strong UK data.

Image

USD/JPY

Current situation

USD/JPY had another positive day. Buyers broke 112.00 in the morning and advanced up to 112.50 by noon. The technical indicators showed a positive signal. The resistance lies at 113.00, the support comes in at 112.00.

Trading recommendations

The pair now has the potential to post more gains. The level of 113.00 is the next resistance and probable bullish target.

Image

AUD/USD

Current situation

The Aussie failed to continue its recovery on Tuesday. The major just tested 0.7550 in the Asians session and pulled back afterwards. The pair eased to 0.7530 in the European morning and stayed around the mark after that. A fresh bout of selling pressure emerged in the late European session. The price continued its weakness afterwards. The technical indicators were negative in the 4 hours chart. The resistance lies at 0.7550, the support comes in at 0.7500.

Trading recommendations

A renewed weakness below the 0.7500 handle is likely to accelerate the slide back towards 0.7450.

Image

XAU/USD

Current situation

The precious metal was neutral on Tuesday after Monday’s sell-off. The price stayed in a tight range around 1255 the first part of the day. The technical indicators gave unclear signals. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

Trading recommendations

We expect a breakout of the support level 1250 dollars per ounce and a move towards 1240 soon.

Image

Brent

Current situation

Brent was flat in its familiar range during Thursday. The benchmark spent the whole night at 51.50. Buyers regained control in the morning. The price jumped to the upper limit of the sideways channel late European session. Brent continued its growth ahead of the NY opening. The indicators gave mixed signals. The EMAs were negative while MACD and RSI gave us a buy signal. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.

Trading recommendations

A move above 52.00 would indicate that immediate downward pressure eased. After a daily close above the mark we could see the benchmark extending up to the 52.50 region during the next days.

Image

DAX

Current situation

DAX gapped higher at the open. The index tested 12500 but failed to reclaim the hurdle. The price bounced from the level and eased to 12430 in the late European session. The benchmark spent the rest of the day around the mentioned mark. The indicators gave mixed signals.The resistance lies at 12500, the support comes in at 12400.

Trading recommendations

We believe the index will continue its side trades in the upcoming days.

Image

S&P500

Current situation

S&P500 traded in its side-trend on Tuesday. After reaching the upper boundary of the range the price stayed at fresh highs around 2385 before NY opening. The indicators gave mixed signals.The resistance lies at 2400, the support comes in at 2380.

Trading recommendations

All eyes are right now at the support level 2380. We believe the price will test the level in the short-term

Image


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

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

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

Postby ValdisFFS » Thu May 04, 2017 3:48 pm

"Fort Financial Services"- fundamental and technical analysis.

05.05.2017

Euro

Current situation

The upbeat tone after the FOMC meeting on Wednesday helped the US dollar to recover some ground. However, its winning streak did not last long. Sellers were stopped at 1.0880 where the major found fresh bids. A soft tone around the US dollar helped the single currency to regain 1.0900 on Thursday. The euro reversed all its early losses by noon setting European session high at 1.0940. The technical indicators were positive in the 4 hours chart. The resistance is at 1.0950, the support comes in at 1.0900.

Trading recommendations

An uptrend will be revived as soon, as the EUR/USD pair rises above the resistance level 1.0950.

Image

Pound

Current situation

Sellers’ attack was stopped at 1.2824 post-European open. The pound reversed its direction afterwards and returned to 1.2900 post London open. The level stopped buyers who stayed below the level till the NY opening. The technical indicators were positive in the 4 hours chart. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

A cut through 1.2900 will turn our attention to the 1.2950 mark.

Image

USD/JPY

Current situation

The pressure around the yen lifted the USD/JPY pair to fresh multi-week tops on Thursday. The upward trajectory stopped at 112.75 where the major spent the whole night and the morning. Buyers managed tp test the 113.00 ahead of the NY opening. According to the 4 hours chart the technical indicators were positive. The resistance lies at 113.00, the support comes in at 112.00.

Trading recommendations

If bulls retain control the USD/JPY pair may break above 113.00 in the coming sessions. The next level to focus on is 113.50.

Image

USD/CAD

Current situation

The US dollar momentum began to fade around 1.3750. Buyers did not find any reason to move the spot higher. Bulls have tried to reclaim the level several times this week. However, all their attempts have been unsuccessful. The price bounced off the upper limit of the upward channel in the early European trades and eased to its lower one by noon. Buyers reversed all early losses in the late European session. The indicators gave mixed data. The moving averages continued their bullish slope while MACD and RSI moved lower. The resistance lies at 1.3750, the support comes in at 1.3680.

Trading recommendations

The bullish momentum is likely to be regained. Our profit targets will be 1.3750 and 1.3820 in this scenario.

Image

XAU/USD

Current situation

Bulls failed to sustain a night recovery. Buyers managed to return the price to 1240 where the spot ran through fresh offers. A bout of fresh selling pressure emerged in the morning dragging the XAU/USD pair downwards. The yellow metal softened and posted a session low at 1232. The indicators gave negative signals in the 4 hours timeframe. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.

Trading recommendations

A clear break below 1230 would indicate that the bearish phase has resumed. The level 1220 is the next sellers’ target.

Image

Brent

Current situation

Brent remained under heavy selling pressure on Thursday. Sellers finally reclaimed 50.50 after a week of fight. The benchmark extended its decline after that heading towards 50.00 dollars per barrel. The indicators gave negative signals in the 4 hours chart. The resistance is highlighted 50.50, the support comes in at 49.50 dollars per barrel.

Trading recommendations

The level of 49.50 as the next intraday support and probable bearish target.

Image

DAX

Current situation

DAX opened bullish on Thursday. The index jumped to fresh weekly high in the morning. Buyers tested the level 12600 and broke the resistance immediately after that. The benchmark continued its growth during the European session. The technical indicators were positive. The resistance lies at 12700, the support comes in at 12600.

Trading recommendations

We still hold the view that the index will struggle to climb north of 12600. We believe buyers aim at 12700 now.

Image

S&P500

Current situation

S&P500 remained in a familiar trading range on Thursday. The index has been staying between 2380 and 2390 for a week. The price bounced off the lower limit of the side-trend on Wednesday and rallied to its upper one during the night and morning trades. Buyers were struggling hard to break above 2390 during the late European hours. The technical indicators were positive in the 4 hours chart. The resistance lies at 2400, the support comes in at 2380.

Trading recommendations

If a bullish tone persists we expect a breakout of the level 2400 in the upcoming hours.

Image

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

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

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

Postby ValdisFFS » Mon May 08, 2017 3:31 pm

"Fort Financial Services"- fundamental and technical analysis.

09.05.2017

Euro

Current situation

The positive news from the Euroland failed to sustain a bid tone in the market. The pair gapped upwards at the open and set a daily high at 1.1020 when the market changed its sentiment. The major started losing ground and broke 1.1000 immediately after the gap. Sellers were pushing the price lower the first part of the day and reached 1.0950 by noon. The moving averages gave us a buy signal while MACD and RSI showed buyers’ strength weakening in the4 hours chart. The resistance is at 1.1000, the support comes in at 1.0950.

Trading recommendations

The trend is still bullish. We wait to buy on a dip now. A sustained break above the 1.1000 region is seen as minimum requirement needed to confirm bullish resumption. In this scenario, buyers may lead prices towards 1.1050.

Image

Pound

Current situation

The GBP/USD remained in bulls' hands on Monday. Buyers held the pair around its fresh high close to 1.3000 in the Asian and European sessions. The technical indicators remained positive in the 4 hours chart. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

Buyers seem to be unable to drive the Forex pair higher. We expect some side-trend or a brief softening before bulls gather enough steam for a new leg higher. A breakout of 1.3000 would aim us for 1.3100.

Image

USD/JPY

Current situation

The pair extended its upward trajectory in the night trades. Buyers reached last week peaks and lost their strength. The pair was pulling back the whole night and met the morning at 112.50. Sellers stopped there and waited for fresh drivers. The technical indicators were mixed. The resistance lies at 113.00, the support comes in at 112.00.

Trading recommendations

If the bullish tone persists we expect a breakout of the level 113.00 soon.

Image

NZD/USD

Current situation

After a short-lived drop sub-0.6900 level at the open the market turned positive. The price returned above 0.6900 in the early Asian session and rallied towards 0.6950 afterwards. The buying momentum faded in the morning when the major almost reached 0.6950. The price remained around the hurdle till the NY opening. According to the 4 hours chart the technical indicators were mixed. The resistance lies at 0.6950, the support comes in at 0.6900.

Trading recommendations

Any move above the immediate resistance would increase chances of testing the 0.7000 mark.

Image

XAU/USD

Current situation

The bullish spike in the Asian session lost its legs at 1234. Bears regained control after that and returned gold prices to 1230. The precious metal spent the day struggling with the handle. All the indicators remained in the red in the 4 hours chart. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.

Trading recommendations

In view of the oversold conditions a move above 1235 is not ruled out. A failure here will weigh on the metal sending the price to 1220 dollars per ounce.

Image

Brent

Current situation

Brent oil prices gave up their recent gains in the Asian session. Sellers dragged the price below 49.50 and kept on pushing the benchmark lower the whole night. Brent continued to trade in the negative ground during the European session. The price reached 49.00 by noon. The technical indicators remained negative in the 4 hours chart. The resistance is highlighted 49.50, the support comes in at 48.50 dollars per barrel.

Trading recommendations

The oil prices might extend their losses towards 48.50 dollars per barrel.

Image

DAX

Current situation

DAX gapped lower at the open and extended its bearishness afterwards. Sellers led the index to 12700 which limited their advance. The moving averages maintained their bullish slope while MACD and RSI moved to the downside. The indicators were mixed in the 4 hours chart. The resistance lies at 12700, the support comes in at 12600.

Trading recommendations

The nearest target remains the resistance level of 12800.

Image

S&P500

Current situation

S&P500 had a positive start to the day. Buyers pierced 2400 at the open. The index reversed its direction right after that. The price returned below the just broken level and headed lower in the Asian session. The benchmark extended its losses during the European hours. The index found a decent support at 2390 where it stayed before the NY opening. The technical indicators gave us mixed signals. The resistance lies at 2400, the support comes in at 2380.

Trading recommendations

We maintain our bullish outlook. A break above 2400 would open the way to 2420.

Image


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

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

PreviousNext

Return to "Fort Financial Services"- fundamental and technical analysis