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    "Fort Financial Services"- fundamental and technical analysis

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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Thu Feb 09, 2017 4:21 pm

    "Fort Financial Services"- fundamental and technical analysis.

    10.02.2017

    Euro

    General overview

    The US dollar trades against the euro in a narrow range as the political and economic future of the United States became more uncertain. Inventors prefer risk-off sentiment. The market ignored the weak export and trade balance data in Germany. Moreover, Evans and Bullard’s reports (the FOMC representatives) will be under the spotlight later the day.

    Current situation

    The price was positive during the night trades. Having found fresh bids around 1.0670 the spot turned bullish and rallied to 1.0700. However, a bid tone sharply weakened in the European session. The spot failed to retake 1.0700 and retreated. The 4 hours chart showed that the price continued staying between the 100 and the 200-EMAs during the day. The 50 and the 100-EMAs were neutral while the 200-EMA pointed higher in the mentioned timeframe. The resistance is at 1.0700, the support comes in at 1.0650.

    MACD grew which indicates the sellers’ positions weakening. RSI left the oversold readings and headed north.

    Trading recommendations

    The overall outlook remained bearish. Sellers need to regain 1.0650 to extend gains. A break below the handle will open the way to 1.0600. A move towards 1.0750 and break above the hurdle will neutralize the current downward scenario.



    Pound

    General overview

    British Parliament approved bill without changes to start Brexit (494 votes to 122). The British PM will soon start parting with the European Union. The decision boosted the sterling's growth. Meanwhile, political uncertainty in Europe also contributed the cable growth. Investors’ attention now turns to the Mark Carney’ speech in the evening.

    Current situation

    The pound maintained its bullish bias in the early trades on Thursday. A fresh buying pressure around 1.2500 pushed the spot upwards. The Cable rallied and reached 1.2600 post London's open. However, the rally seems to have run out of steam ahead of the NY opening. The major slowed down and slightly moved back. The price bounced off the 100-EMA and broke the 50-EMA upwards in the 4 hours chart. The majors stayed above their moving averages afterwards. The 100-EMA was bullish, the 50 and the 200-EMAs remained neutral in the same chart. The resistance lies at 1.2600, the support comes in at 1.2500.

    MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. RSI left the neutral area and moved north.

    Trading recommendations

    In a wider perspective the GBPUSD pair could gain bullish momentum, if it recovers above the 1.2600 area, the spot will probably maintain bulls in the driver's seat towards the 1.2700 level.



    Yen

    General overview

    The yen trades vs. the US dollar in a narrow range due to the meeting between Donald Trump and Japanese Prime Minister Shinzo Abe. The Japanese yen seem to benefit from the growing political uncertainty in Europe.

    Current situation

    The USD/JPY pair remained under pressure on Thursday. The price was flat out hovering above 112.00 during the morning hours. The rise in the dollar demand pushed the majors upwards post-European open. The price continued developing well below its moving averages in the 4 hours chart. The 50, 100 and the 200-EMAs kept pointing lower in the same chart. The resistance is highlighted at 113.00, the support comes in at 112.00.

    MACD decreased which indicates the buyers’ positions weakening. RSI left the oversold territory and entered the neutral area.

    Trading recommendations

    We expect an upward correction which will start as soon as the pair rises above 112.50. The price may extend its rise towards the 113.00 area.



    NZD/USD

    General overview

    The New Zealand dollar significantly fell following the Reserve Bank of New Zealand decision to leave the rate unchanged at 1.75 percent.

    Current situation

    The NZD/USD pair maintained its offered tone on Thursday. The kiwi found a solid support at 0.7200 in the night. The price faced upward rejection after touching the level and slightly rolled back staying close to three-week lows. A bout of NZD weakness pressured the spot ahead of the NY opening. The NZD/USD struggled to break below 0.7200 in the second part of the day. According to the 4 hours chart the price broke the 50 and the 100-EMAs downwards. The 50 and the100-EMAs were neutral while the 200-EMA kept pointing higher in the mentioned timeframe. The resistance is highlighted at 0.7250, the support comes in at 0.7200.

    MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. The RSI indicator left the neutral territory and headed south.

    Trading recommendations

    The NZDUSD pair eyes strong support at 0.7200 level now. However, the major may change its trajectory to bullish. The potential buyers’ targets are 0.7250 and 0.7300.



    XAU/USD

    General overview

    Gold prices moderately strengthened, staying near the 3-month high due to the growing concerns around the political situation in Europe and the US economic uncertainty.

    Current situation

    The trend is clearly bullish for now. The price negated night losses and refreshed its highs in the European session. The XAU/USD bounced from 1240 and jumped to 1243 in the early European trades. After touching the mark a buying pressure ran out of steam and the spot sharply dropped below 1240 dollars per ounce. The XAU/USD pair remained in an upward channel. Meanwhile, the yellow metal tested its lower boundary ahead of the Wall Street opening. The gold price hovered above its moving averages in the 4 hours chart. The 50, 100 and the 200-EMAs maintained their bullish slope in the same chart. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    MACD decreased which indicates the buyers’ positions weakening. RSI indicator left the overvalued area.

    Trading recommendations

    A bullish tone prevails in the 4 hours chart. After a close above 1240 the gold price may extend its bullishness to 1250. However, overbought daily studies point to a correction in the short term. In this potential scenario sellers may drive the precious metal to 1230 dollars per ounce.



    Brent

    General overview

    Unexpected drop in US inventories supported oil prices, but the remaining supply glut limited its further growth.

    Current situation

    Brent kept the upbeat tone unchanged on Thursday. Fresh bids around 55.50 fueled the upward bias pushing the benchmark higher. Traders broke 55.50 post-European open. The advance lost upward momentum around 56.00. After posting a daily high black gold rolled back. The benchmark failed to retake the 50-EMA and bounced off it downwards in the 4 hours chart. The moving averages were flat in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD grew which indicates the sellers’ positions weakening. The RSI left the oversold area and moved upwards.

    Trading recommendations

    Bulls continue to control the market. We recommend placing buy orders if the benchmark stays above 55.50 dollars per barrel. The potential buyers’ target is 56.50. A failure here will indicate that our bullish expectation is wrong.



    DAX


    General overview

    European stocks opened green on Thursday. The market has been growing the third session in a row. Societe Generale and the Total shares were getting stronger following their quarterly earnings.

    Current situation

    The index gapped higher at the open on Thursday. The bears appeared to have loosened grip allowing the benchmark to reverse its previous losses. DAX grew and tested 11600 in the American session. The 1 hour chart showed that the benchmark broke the 100-EMA and tested the 200-EMA. The 50 and the 100-EMAs were bearish while the 200-EMA was flat in the same chart. The resistance exists at 11600, the support stands at 11500.

    MACD grew which indicates the sellers’ positions weakening. The RSI left the oversold area and entered the neutral territory.

    Trading recommendations

    We believe that the index might extend its recovery towards 11600 and 11700 levels.



    S&P500

    General overview

    Wall Street edged higher amid oil prices rally. All eyes are on earnings reports.

    Current situation

    The index opened green on Thursday. S&P500 slightly grew in the Asian session. The benchmark maintained its bid tone during the European hours trending towards 2300. The price bounced off the 50-EMA upwards in the 4 hours chart. The index stayed above its moving averages during the day. The 50-EMA was flat while the 100 and the 200-EMAs maintained their bullish slope in the same chart. The resistance is at 2300, the support comes in at 2280.

    The MACD histogram grew which indicates buyers’ strength. RSI moved upwards.

    Trading recommendations

    The bullish trend remained intact. A break above 2300 may suggest a further growth towards 2320 area.




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

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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Sun Feb 12, 2017 5:00 pm

    "Fort Financial Services"- fundamental and technical analysis.

    13.02.2017

    Euro

    General overview

    French Non-Farm Payrolls showed strong data, however, the euro ignored these figures. The common European currency is under pressure amid growing political risks related to the Presidential elections in France. The upcoming elections in Germany. Netherlands and Italy give additional pressure on the euro. Moreover, the US Dollar price-dynamics is underpinned by Trump upcoming tax reform plan.

    Current situation

    The US dollar kept getting stronger on Friday. After a night light recovery the euro kept losing its value in the European session. Traders broke the level 1.0650 and continued pushing the price lower in the NY session. The EURUSD pair broke the 200-EMA in the 4 hours chart. The 50 and the 100-EMAs remained bearish-neutral while the 200-EMA was bullish in the mentioned timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

    The MACD histogram decreased which is a sell signal. RSI left the neutral territory and stayed within the oversold readings favoring a new move lower.

    Trading recommendations

    As the most probable scenario, we consider further moving downwards towards the level at 1.0600. A close below the mentioned support could additional weakness towards 1.0550.



    Pound

    General overview

    The UK Industrial Production came in above expectation and provided a temporal support to the pound. However, a large US dollar recovery across the board made the Cable retreat.

    Current situation

    The pound remained neutral during the Asian hours on Friday. The spot stayed around 1.2500 flirting with the handle to go lower. Traders managed to break the level in the late European session and drove the spot towards 1.2450. According to the 4 hours chart the price broke the 50 and 100 EMAs downwards. The 50 and the 200-EMAs were neutral, while the 100-EMA kept pointing higher in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI entered the neutral territory and stayed there.

    Trading recommendations

    Any move below 1.2500 would increase chances of testing the 1.2400 handle.



    Yen

    General overview

    The US dollar strengthened after Trump agreed to support “One China” policy. Investors ignored upbeat Japanese Domestic Corporate Goods Price index.

    Current situation

    The US dollar recovery stalled around 114.00. Buyers did not find any reason to lift the price higher. The pair turned around in the European session and slightly rolled back. The USDJPY pair broke the 50 and the 100-EMAs upwards in the 4 hours chart. The 50 and the 100-EMAs were neutral and the 200-EMA maintained its bearish slope in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. RSI was within the overvalued readings.

    Trading recommendations

    We expect to see renewed bullish pressure in the short-term. The next level to focus on is 113.00.



    USD/CAD

    Current situation

    The pair was neutral during the night hours on Friday. The Asian recovery stalled above 1.3120. The US dollar tried to extend its gains, however, its attempts were weak. A fresh selling pressure weighed on the spot and returned the price below 1.3120 in the second part of the day. The US dollar lost ground and almost reached 1.3050 ahead of the NY opening. The 4 hours chart showed that the price bounced off the 50-EMA downwards and tested the 100-EMA. The USDCAD pair stayed below the 100 and the 200-EMAs during the day. The 50 and the 100-EMAs were neutral while the 200-EMA kept pointing lower in the mentioned timeframe. The resistance is highlighted at 1.3120, the support comes in at 1.3050.

    MACD decreased which indicates the buyers’ positions weakening. The RSI stayed within the overvalued readings close to the neutral territory.

    Trading recommendations

    We prefer to stay bearish for now. We will place sell orders if the USDCAD pair stays below the 1.3120 level. The next sellers’ target is 1.3050.



    XAU/USD

    General overview

    Gold remained under pressure after Trump’s tax announcement. Moreover, the upbeat Chinese Trade Balance added extra pressure.

    Current situation

    Sellers met a barrier in the 1220 region. Bears were unable to drive the Forex pair lower and retreated giving the way to buyers. The price bounced off 1220 dollars per ounce and reversed some of its recent losses. The gold price bounced from the 50-EMA in the 4 hours chart. The spot continued developing well above its moving averages during the day. The 50 and 200-EMAs were bullish while the 100-EMA remained neutral in the same chart. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    MACD decreased which indicates the buyers’ positions weakening. RSI consolidated within the oversold area.

    Trading recommendations

    The bullish scenario prevailed on Friday. A close above 1230 will trigger fresh gains towards 1240 dollars per ounce.



    Brent

    General overview

    The upbeat Chinese oil imports data supported oil prices. OPEC and non-OPEC members production decline added additional impetus to black gold.

    Current situation


    Brent maintained its bullish sentiment on Friday. The price bounced off 55.50 dollars per barrel at the daily open and climbed above 56.50 in the NY session. However, Brent lost some vigour above 56.50 and fell on profit-taking action. The 4 hours chart showed that the benchmark broke its moving averages upwards. The moving averages remained mixed in the same chart. The resistance lies at 57.50, the support comes in at 56.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. The RSI left the neutral area and moved upwards.

    Trading recommendations


    The technical picture presents a slightly bullish tone. Brent oil prices now seem to be heading towards its immediate support near 55.50. To return control buyers need to retake 56.50 dollars per barrel.



    DAX

    Current situation

    Despite the positive sentiment at the open the index turned bearish during the late European hours. DAX gapped upwards at the daily open and briefly continued its upward trajectory. The price tested 11700 and moved back immediately after the level test. Sellers seized control and pushed the benchmark downwards later the day. The index broke the 100 and the 50-EMAs in the 4 hours chart. The benchmark stayed above its moving averages during the day. The 50 and the 100-EMAs were flat while the 200-EMA was bullish in the same chart. The resistance exists at 11700, the support stands at 11600.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. The RSI left the neutral area and headed north.

    Trading recommendations

    We prefer the scenario where the buyers keep control over the index. We expect further upwards moving towards the 11800 level.



    NASDAQ

    General overview

    Wall Street opened in green on Friday after D. Trump said that he will start a tax reform plan in the coming weeks.

    Current situation

    Bulls gave up their recent gains and slightly retreated on Friday. The price rolled back below its immediate support - 5220 and stayed there flat the whole day. The benchmark hovered above its moving averages in the 4 hours chart. The 50, 100 and the 200-EMAs maintained their bullish slope in the same chart. The resistance is at 5220, the support comes in at 5180.

    The histogram grew which is a buy signal. RSI oscillator stayed within the overvalued readings favoring a new move higher.

    Trading recommendations

    We await a break above 5220 level to trigger another leg higher towards the 5260 hurdle. The next potential buyers’ target is 5300.




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


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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Mon Feb 13, 2017 3:50 pm

    "Fort Financial Services"- fundamental and technical analysis.

    14.02.2017


    Euro

    General overview

    The euro reversed a minor part of its losses following the results of Abe-Trump meeting. Meanwhile, dispute about helping Greece weighing on the euro. All eyes are on Germany GDP now where analysts predict the growth in the 4-th quarter.

    Current situation

    The EUR/USD pair preserved its undertone on Monday. The price remained in a descending channel. The euro found a solid support at 1.0600 and bounced off the level at the daily open. The spot approached the upper limit of a downward channel post-European open. The euro found fresh offers ahead of the NY opening and extended its losses afterwards. The major failed to retake the 200-EMA and pushed away from it in the 4 hours chart. The spot stayed below its moving averages during the day. The 50-EMA crossed the 100-EMA downwards. The 100 and the 200-EMAs pointed higher while the 50-EMA pointed lower in the mentioned timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

    MACD remained at the same level which confirms the strength of sellers. RSI indicator consolidated within oversold readings.

    Trading recommendations

    From a wider perspective, the euro is expected to remain exposed to further downside risks. The technical picture presents a mild bearish tone. A failure to hold above 1.0650 level risks a slide to 1.0600 mark and 1.0550 mark en route.



    Pound

    General overview

    The USD and UK's economic calendars were empty. The trading was influenced by the dollar fluctuations and a risk-on tendency. The market will be focused on UK inflation report. Traders expect to see a growth in January comparing to the previous year.

    Current situation

    The price turned bullish in the early trades on Monday. The pair met extra buying pressure at the weekly opening. Buyers pushed the price upwards and broke 1.2500 in the Asian trades. The bears slightly loosened their grip in the early European trades. However, a fresh selling interest returned the cable below 1.2500 in the American session. The price bounced off the 100 and the 50-EMAs in the 4 hours chart. The major stayed around the 50 and the 100-EMAs during the day. The 50-EMA headed lower while the 100 and the 200-EMAs maintained their bullish slope in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI indicator remained within the neutral territory.

    Trading recommendations

    The GBPUSD pair seems unable to climb above 1.2500. A downtrend will start as soon, as the pair drops below the support level 1.2400. Should that level break down the next bearish target is 1.2300.



    Yen

    General overview

    The dollar rose against the yen following a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe. The Japanese GDP came in slightly below expectations adding some extra pressure to the yen.

    Current situation

    The Japanese currency maintained control of the flows. Despite the positive opening the bid tone did not last long. Buyers tested the level 114.00 in the Asian session but failed to reclaim it. Sellers fought back control and pushed the spot to the opening prices in the early European session. According to the 4 hours chart the USDJPY continued developing well above the 50 and the 100-EMAs. The 50 and the 100-EMAs remained neutral while the 200-EMA kept pointing lower in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    The MACD indicator is bullish and is still in positive territory. RSI was within the overvalued readings.

    Trading recommendations

    A close above 114.00 level may generate fresh bullish signal for further advance, which could extend to 115.00 hurdle.



    AUD/USD

    Current situation

    The AUD failed to continue its upward trajectory when it met a solid barrier at 0.7700. The buying momentum eased and the spot retreated to 0.7650 on Monday. The AUDUSD pair tested the 50-EMA in the 4 hours chart. The spot remained above its moving averages. The moving averages maintained their bullish slope in the mentioned timeframe. The resistance is highlighted at 0.7700, the support comes in at 0.7650.

    MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. The RSI left the neutral area and stayed within the overvalued readings.

    Trading recommendations

    Inability to break above 0.7700 might force the AUD/USD pair to resume its downward trajectory towards 0.7600 and 0.7550 levels.



    XAU/USD

    General overview

    Gold prices weakened on Monday following Trump's last actions which reduced investors’ fears regarding his controversial policies. All eyes are on Janet Yellen's speech on Tuesday.

    Current situation

    The bullish spike lost its legs a few pips below 1240 dollars per ounce. Buyers failed to extend its recovery and moved back. The precious metal returned to 1230 and stayed within its region ahead of the US session opening. A fresh selling interest emerged in the American session and drove the metal towards 1220. The 4 hours chart showed that the gold price bounced off the 50-EMA upwards. All moving averages maintained their bullish slope in the same chart. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    MACD decreased which indicates the buyers’ positions weakening. RSI consolidated within the neutral area.

    Trading recommendations

    We prefer to stay bearish for now. The 1220 level seems to be the next probable bearish target. The price may extend its decline towards the 1210 area in the coming sessions.



    Brent

    General overview

    Oil prices edged lower on Monday on supply concerns. The price weakened despite the recent output falls. We believe Brent lost ground amid increased drilling activity in the U.S.

    Current situation

    A consolidation phase did not last too long. After staying a while above 56.50 dollars per barrel the price dropped back below the level during the European morning trades. Sellers managed to push the benchmark to 56.00 first. The ask sentiment remained intact in the second part of the day. Brent kept losing its ground in the North American session. Brent oil price broke the 50-EMA and tested the 100 and 200 EMAs in the NY session. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. The RSI left the overvalued readings heading south.

    Trading recommendations

    The benchmark needs to consolidate below the 56.00 zone to ease the recnet bullish pressure. As the most probable scenario we expect further easing of the oil price towards the 55.50 mark.



    DAX

    General overview

    European stocks edged higher on Monday amid higher copper prices. Energy stocks and financial stocks traded mixed on Monday.

    Current situation

    The market looks very bullish now. Buyers managed to break the 11700 level and pushed the price higher in the late European session. DAX extended its bullishness during the day and reached 11800 at the NY opening. The index remained above its moving averages in the 4 hours chart. The 50 and the 100-EMAs were flat while the 200-EMA maintained its bullish slope in the same chart. The resistance exists at 11800, the support stands at 11700.

    MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. The RSI consolidated within the overvalued territory.

    Trading recommendations

    We expect to see renewed bullish pressure. If the bullish tone persists we expect a breakout of the level 11800.



    S&P500

    General overview

    Risk-on mode coupled with last D.Trump's actions supported Wall Street sending the stocks to fresh all-time highs.

    Current situation

    S&P500 held a bullish tone on Monday. The price retreated from its recent highs but remained in its upward channel in the Asian session. The lower limit of the channel stopped sellers and rejected the price during the European trades. The benchmark had reversed a large part of its losses by the NY opening. The price hovered above its moving averages in the 4 hours chart. All the moving averages remained bullish in the same chart. The resistance is at 2320, the support comes in at 2300.

    The MACD histogram grew which indicates buyers’ strength. RSI oscillator stayed within the overvalued readings favoring a new move higher.

    Trading recommendations

    The overall outlook remains bullish, for rise towards 2340 resistance area.




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

    avatar
    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Tue Feb 14, 2017 4:11 pm

    "Fort Financial Services"- fundamental and technical analysis.

    15.02.2017

    Euro

    General overview

    The euro could not continue its rally and went down after the downbeat Germany and Eurozone data. The preliminary Eurozone GDP for the 4th quarter came in below expectations. The Eurozone Economic Sentiment for February declined as well.

    Current situation

    The euro closed on a weak note on Monday. Sellers met a barrier at 1.0600 and failed to retake it. After a brief consolidation phase fresh bids around 1.0600 helped buyers to raise the spot and to reverse a minor part of its losses in the Asian session on Tuesday. However, the upward momentum ran out of steam soon and the EUR/USD softened erasing all its daily gains. The single European currency returned to 1.0600 in the mid-European session. The price tested the 200-EMA but failed to reclaim the moving. The spot bounced off the 200-EMA and headed downwards. The 100 and the 200-EMAs remained bullish while the 50-EMA headed south in the mentioned timeframe. Moreover, the 50-EMA crossed the 100-EMA downwards which is another sell signal. The resistance is at 1.0650, the support comes in at 1.0600.

    MACD declined which indicates the sellers’ positions strengthening. RSI indicator stayed within oversold readings.

    Trading recommendations

    We believe that a bearish trend will remain intact in the near term. A clear break below 1.0600 would indicate that the bearish phase has resumed. The majors may extend their decline towards the 1.0550 handle.



    Pound

    General overview

    The pound fell on the back of disappointing inflation data. The UK’s inflation accelerated to its highest level in more than two years in January. Annual increase in January surpassed its previous figures but remained below the forecast.

    Current situation

    The cable extended its recovery in the Asian session and reached 3-day highs around 1.2550 where the spot ran through fresh offers. The pound returned under selling pressure in the early European trades. Sellers moved the GBP/USD pair lower and broke 1.2500 with London opening. The spot extended its losses afterwards and posted a daily low at 1.2450. After touching the mark the downward momentum lost its legs allowing buyers to recover a bit. According to the 4 hours chart the price broke the 50 and the 100-EMAs downwards. The 50-EMA crossed the 100-EMA downwards. The 50-EMA pointed lower while the 100 and the 200-EMAs headed north in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator remained at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI indicator left the neutral territory and moved south.

    Trading recommendations

    The technical picture presents a bearish tone. If the GBPUSD pair fixates below the 1.2500 level the pound may extend its weakness. The potential sellers’ targets are 1.2400 and 1.2350.



    Yen

    General overview

    The U.S. dollar fell vs. the Japanese currency. Japanese Industrial production exceeded investors’ expectations providing a moderate support for the major.

    Current situation

    The USD/JPY pair maintained its ask tone on Tuesday. Inability to break above 114.00 returned sellers to markets pushing the spot to fresh lows. The pair extended its bearishness in the Asian session and dropped to 113.20 where sellers took a pause post-European opening. The USDJPY pair found a solid support at the 100-EMA in the 4 hours chart. The spot stayed between the 200 and the 100-EMAs during the day trades. The 50 and the 100-EMAs were flat and the 200-EMA headed south in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD decreased which indicates the buyers’ positions weakening. RSI left the overvalued readings and entered the neutral territory.

    Trading recommendations

    The bullish momentum is likely to be regained. A daily close above 114.00 would risk further advance up to the 114.50 region.



    NZD/USD

    Current situation

    The NZD/USD pair maintained its gloomy trend on Tuesday. The price is in a short-term downward channel. The major bounced off the lower limit of the channel on Monday and reached its upper one in the Asian session on Tuesday. The NZD failed to break the upper band and rolled back staying within its region. The 4 hours chart showed that the price found a decent support at the 200-EMA. The moving averages rejected the pair upwards. The 50-EMA crossed the 100-EMA downwards. The 100 and the 200-EMAs headed north while the 50-EMA pointed lower. The resistance is highlighted at 0.7200, the support comes in at 0.7150.

    MACD grew which indicates the sellers’ positions weakening. The RSI stayed within the oversold readings.

    Trading recommendations

    All eyes are right now at the support level 0.7150. A cut through here will turn attention to the 0.7100 level.



    XAU/USD

    General overview

    Gold prices moderately rebounded on Tuesday as investors focused on Janet Yellen’s remarks to get some clues on the timing of the next rate hike.

    Current situation

    Gold prices stalled its recovery mode and traded sideways near 1230 region in the Asian session. The precious metal traded modestly flat during the European hours. Gold bulls seemed to have taken a breath from Monday’s sharp decline and consolidated their gains. The precious metal tested the 50-EMA upwards in the 4 hours chart. The XAU/USD pair was above its moving averages during the day. All the moving averages kept pointing higher in the same chart. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI left the oversold territory and entered the neutral one.

    Trading recommendations

    A move below 1220 level would indicate that immediate upward pressure eased. The next portable bearish target is 1210 dollars per ounce.



    Brent

    Current situation

    Brent oil prices gapped higher at the daily open. Sellers closed the gap in the night and returned the price to 55.50 where a fresh buying interested pushed the benchmark upwards. The price spiked and reached 56.20 in the early European trades. Buyers failed to advance further and retreated a bit afterwards. The 4 hours chart showed that the oil price broke its moving averages upwards and stayed above them. The 50, 100 and the 200-EMAs were neutral in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI stayed within the neutral area.

    Trading recommendations

    We prefer to stay bearish for now. If the 55.50 support breaks, the price may fall further that should send this market looking for the 55.00 level.



    DAX

    Current situation

    DAX gapped higher at the daily open. The price made a good jump from 11725 to 11779. Buyers tested the level 11800 but failed to break the handle. The index faced a downward pressure and returned below the level. The benchmark traded sideways before the American session opening. The index hovered above its moving averages in the 4 hours chart. The 50-EMA crossed the 100-EMA upwards. The moving averages maintained their bullish slope in the mentioned chart. The resistance exists at 11800, the support stands at 11700.

    MACD entered the positive area. If MACD remains within the positive territory, buyers’ positions will strengthen. The RSI consolidated within the overvalued territory.

    Trading recommendations

    The overall outlook remains bullish, for a rise towards 11900 resistance area. We will place the buy orders only if the index breaks 11800 level. Meanwhile, DAX index has a potential to fill the gap. The price may fall to 11700 in this scenario.



    NASDAQ

    Current situation

    After reaching 5260 the price stopped gaining steam for a fresh leg higher. The index ignores all overbought readings and maintaining its bid tone. NASDAQ stayed in a narrow consolidation range during the Tuesday's trades staying around 5260. According to the 4 hours chart the benchmark hovered above its moving averages. All the moving averages maintained their bullish slope in the same chart. The resistance is at 5260, the support comes in at 5220.

    The MACD histogram grew which indicates buyers’ strength. RSI oscillator consolidated within the overvalued readings.

    Trading recommendations

    A bullish tone prevails in the 4 hours chart. After breaking the 5260 hurdle further extension to 5300 is not ruled out.



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

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    ValdisFFS

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

    Post  ValdisFFS on Wed Feb 15, 2017 3:22 pm

    "Fort Financial Services"- fundamental and technical analysis.

    16.02.2017

    Euro

    General overview

    The U.S. dollar remained near its fresh highs against other majors. Janet Yellen’s "hawkish" comments supported the US dollar reviving hopes for the rates hike in March. The information from Spain added additional pressure on the euro as consumer price index in January fell despite the forecasts.

    Current situation

    After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session. Sellers continued pushing the price lower and tested 1.0550 in the late European session. The major continued developing well below its moving averages in the 4 hours chart. The 50 and 100-EMAs maintained their bearish slope while the 200-EMA kept pointing higher in the mentioned timeframe. The resistance is at 1.0600, the support comes in at 1.0550.

    The MACD indicator is bearish and is still in negative territory. RSI indicator stayed within oversold readings favoring a new move lower.

    Trading recommendations

    The price maintained its bearish tone in the 4 hours chart. A decisive break below 1.0550 level is likely to accelerate the slide towards 1.0500.



    Pound

    General overview

    The pound updated its lows on the back of mixed employment statistics. The UK's unemployment rate remained unchanged in December while Claimant Count Change dropped stronger than expected. Moreover, the major got under selling pressure after Janet Yellen's statements on Tuesday.

    Current situation

    A brief phase of night consolidation ended during European morning trade. The pound faced further downside pressure and accelerated its decline. The price touched the level 1.2400 after London's opening. The GBPUSD pair stayed below the 50 and the 100-EMAs in the 4 hours chart. The 50-EMA headed south while the 100 and the 200-EMAs pointed higher in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    The MACD histogram decreased which is a sell signal. RSI indicator left the neutral territory and stayed in the oversold area.

    Trading recommendations

    The bearish scenario prevailed on Wednesday. After a close below the support at 1.2400 we could see GBP/USD extending its decline down to 1.2300.



    Yen

    General overview

    The pair updated fresh highs in the light of a stronger dollar after Yellen's hawkish remarks. Her speech revived market expectations for the rate hike in March.

    Current situation

    We maintain a near-term positive bias for the USD/JPY pair. After Tuesday's rally the pair went back and forth in a 30-pips narrow range in the night session. The major remained range-bound to higher in the European one. A fresh buying interest emerged in the late European session giving the spot an upward impetus. The 4 hours chart showed that the USDJPY pair broke all the moving averages upwards. The 50-EMA pointed higher, the 100-EMA was flat and 200-EMA moved lower in the same chart. The resistance is highlighted at 115.00, the support comes in at 114.00.

    MACD remained at the same level which confirms the strength of buyers. RSI consolidated within the overvalued readings.

    Trading recommendations

    The overall outlook remained bullish for a rise towards 115.00 resistance area. A break above the level risks a growth towards the 116.00 hurdle.



    USD/CAD

    General overview

    The pair traded in red despite fresh buying interest around the US dollar after the supportive Yellen's statements. Speculation around a soon rate hike improved market sentiment. According to Yellen it wouldn't have any sense to wait a lot to tighten further the monetary policy. Moreover, J.Lacker suggested that the regulator could hike the rate more than 3 times in 2017.

    Current situation


    The price maintained its bearish tone on Wednesday. The US dollar bullish spike faded and the major softened erasing its previous gains. The USD/CAD pair traded in a tight range in the European session staying range-bound to higher. The price tested the 50 and the 100 EMAs in the 4 hours chart. The 50-EMA crossed the 100-EMA upwards. The 100 and the 200-EMAs headed south while the 50-EMA pointed higher. The resistance is highlighted at 1.3120, the support comes in at 1.3050.

    The MACD indicator was bearish and remained in negative territory. The RSI left the oversold readings and stayed within the neutral area.

    Trading recommendations

    We expect to see renewed bullish pressure. An uptrend will start as soon, as the USD/CAD pair rises above the resistance level 1.3120. The next level to focus on is 1.3190.



    XAU/USD

    General overview

    Gold prices slightly changed on Wednesday. The yellow metal weakened after U.S. Federal Reserve Chair Janet Yellen left open the possibility of rate hike in March. In addition, the positive comments over the US labor market strength and strong inflation forecast fueled the US dollar growth.

    Current situation


    Gold traded with bearish bias on Wednesday. After a volatile Tuesday the precious metal stabilized amid broad based US dollar consolidation. The price slightly weakened in the Asian session and traded around 1225 during the European one. According to the 4 hours chart the spot broke the 50-EMA downwards. The gold metal was between the 50 and the 100-EMAs during the day. All the moving averages maintained their bullish slope in the mentioned chart. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI consolidated within the neutral area.

    Trading recommendations

    In order to recover some strength, the gold metal needs to rise back and hold above 1240. As the most probable scenario, we consider further moving downwards towards the level at 1220, and 1210 en route.



    Brent

    General overview

    Brent traded in red amid investors' doubts about OPEC and non-OPEC members low compliance. The market focused on Crude Oil Stocks change.

    Current situation

    The black gold also returned to the red zone on Wednesday. The price failed to survive at local highs at 56.50 and sharply dropped to its nearest support - 55.50 dollars per barrel. The benchmark remained above the level flirting with the last to move lower. The benchmark broke its moving averages downwards and stayed below them in the 4 hours chart. The 50, 100 and the 200-EMAs remained neutral in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI stayed within the neutral area close to the oversold level.

    Trading recommendations

    We await a break below 55.50 handle to trigger another leg lower. A further decline would generate negative signal and risk further easing of the Brent oil price towards the 54.50 level.



    DAX

    General overview

    European stocks grew as the banking sector moved higher. Besides, strong earning reports provided an additional boost to the shares.

    Current situation

    DAX gapped higher at the open. The price jumped through 11800 and slightly grew afterwards. Buyers failed to maintain its upward trajectory and stepped away. The benchmark edged lower and broke 11800 in the late European session. The index price continued developing well above its moving averages in the 4 hours chart. The 50 and the 100-EMAs were neutral while the 200-EMA headed north in the same chart. The resistance exists at 11800, the support stands at 11700.

    The MACD histogram grew which indicates buyers’ strength. The RSI consolidated within the overvalued territory favoring a new move higher.

    Trading recommendations

    The index price seems to be unable to climb over 11850 mark. Firm break below 11800 handle would open 11700. The current decline we consider corrective.



    S&P500

    Current situation

    S&P500 was unable to climb higher and retreated from its recent all-times highs. After touching 2340 the price rolled back and stopped at 2334 ahead of the NY opening. According to the 1 hour chart the index price bounced off the 50-EMA and remained above its moving averages. All the moving averages maintained their bullish slope in the same chart. The resistance is at 2340, the support comes in at 2320.

    The MACD histogram grew which is a buy signal. RSI oscillator stayed within the overvalued readings favoring a new move higher.

    Trading recommendations

    The index is in corrective phase now. If the price fixates below 2330 the benchmark may extend its weakness in the short term. The potential sellers’ target is 2320.




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

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    ValdisFFS

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

    Post  ValdisFFS on Thu Feb 16, 2017 7:06 pm

    "Fort Financial Services"- fundamental and technical analysis.

    17.02.2017

    Euro

    General overview

    The employment in Germany rose at the slowest pace for three years in the 4th quarter 2016. The unemployment level in France dropped more than expected. Nevertheless, the euro rose on Thursday amid the US dollar broad based retracement on profit taking action.

    Current situation

    The pair seems to have run through fresh bids around 1.0500 on Wednesday. The spot received the upward impetus and jumped upside. The common European currency extended its recovery on Thursday. Buyers broke the 1.0600 hurdle in the Asian trades and pushed the spot higher. The EUR/USD pair was growing the whole morning and approached 1.0650 post-European open. The level stopped buyers’ further advance. The 4 hours chart showed that the price tested the 200-EMA in the late European session. The 50-EMA crossed the 100-EMA downwards. The 50 and the 100-EMAs headed south while the 200-EMA was neutral in the mentioned timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

    MACD grew which indicates the sellers’ positions weakening. RSI indicator stayed within neutral area and headed north.
    Trading recommendations

    We believe that a close above 1.0650 will generate fresh bullish signal for further advance, which could extend to the 1.0700 barrier. If buyers fail to retake 1.0650 the euro may return below 1.0600.



    Pound

    General overview

    The pound returned some of its early losses and came back to the session highs despite the disappointing inflation and labor market reports. Today all British investors are focused on retail sales release.

    Current situation

    Sellers stopped when they met a barrier at 1.2400 on Wednesday. The level rejected the price which spiked upwards immediately after the level test. The pound was slowly growing during the Asian hours and accelerated its upward trajectory in the European session. The GBP/USD pair tested the level 1.2500 at the London open but failed to advance beyond it. The pair bounced off the 200-EMA, broke the 100-EMA upwards and tested the 50-EMA in the 4 hours chart. The moving averages remained bullish-neutral in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI indicator left the oversold area moving upwards.

    Trading recommendations

    A 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 the 1.2600 mark. A failure here will return the price to a downside movement.



    Yen

    General overview

    According to the Japanese PM Taro Aso, the current yen rate is not low at all. Meanwhile, investors preferred to take profit amid the dollar retracement.

    Current situation

    The USD/JPY pair turned bearish on Wednesday. The price got under intense selling pressure and sharply dropped. Traders broke the level 114.00 at the daily open and drove the price lower in the night session. European traders continued pushing the price lower and reached the 113.50 mark in the mid-European session. The pair broke the 200-EMA downwards in the 4 hours chart. The spot stayed between the 50 and the 100-EMAs during the day. The 50-EMA was bullish while the 100 and the 200-EMAs headed south in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD decreased which indicates the buyers’ positions weakening. RSI left the oversold readings and entered the neutral territory.

    Trading recommendations


    All eyes are now at the 113.50 mark. If the price fixates below the handle, the USD/JPY major may fall further sending this market looking for the 113.00 level. Inability to move the price lower shall return buyers in a driver’s seat.



    AUD/USD

    General overview

    The Australian dollar ignored the Australian labour market report despite its upbeat figures. The January employment report was quite neutral, the unemployment rate declined as the number of part time workers increased, while the number of full time workers dropped.

    Current situation

    The AUD/USD pair maintained its near-term upward trajectory on Thursday. The Aussie rallied on Wednesday and refreshed its multi-month highs at 0.7732. Investors did not find any reason to lift the Australian dollar higher and stepped back in the Asian session on Thursday. The pair declined amid profit-taking and tested the level 0.7700 in the European morning. The spot stayed around the level during the day. According to the 4 hours chart the price bounced off the 50-EMA upwards and stayed above its moving averages during the day. The 50, 100 and the 200-EMAs maintained their bullish slope in the mentioned chart. The resistance is highlighted at 0.7750, the support comes in at 0.7700.

    The MACD traded to the upside. The RSI was within the overvalued readings.

    Trading recommendations

    The technical picture presents a bullish tone. We think that the AUDUSD pair might extend its gains towards 0.7750, and 0.7800 en route.



    XAU/USD

    General overview


    Gold rose amid the US dollar broad based weakness. However, gold advance was limited in the light of optimistic views over Trump's tax reform plans. Yellen's hawkish comments also limited its growth.

    Current situation


    Buyers fought back control over the market. The price reversed its direction when sellers failed to reclaim 1220 dollars per ounce. The level rejected gold prices upwards which rallied through 1230 on Wednesday and slowed down in the Asian session. A new day refreshed buyers’ strength pushing the spot higher. The XAU/USD pair reached 1240 dollars per ounce in the mid-European session. The level stopped bulls’ advance. The gold price bounced off the 100-EMA and broke the 50-EMA upwards in the 4 hours chart. The precious metal continued developing well above its moving averages during the day. All the moving averages headed higher in the same chart. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI consolidated within the overvalued readings close to the neutral area.

    Trading recommendations

    A bullish tone prevails in the 4 hours chart. Any move above the immediate resistance 1240 dollars per ounce would increase chances of testing the 1250 mark.



    Brent

    Current situation

    There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened. Sellers reversed black gold and pushed the benchmark downward sending the market to the opening prices. The 4 hours chart showed that the benchmark broke its moving averages. The 50, 100 and the 200-EMAs were flat in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI consolidated within the neutral area and moved north.

    Trading recommendations

    We prefer to stay bearish for now. A move below 55.50 would indicate that immediate upward pressure eased. The next mark to focus on is 50.00 dollars per barrel.



    DAX

    General overview

    European stocks fell following uncertain corporate report after the longest 19 months rally.

    Current situation

    Bulls lost the initiative and gave the way to sellers who became stronger yesterday. The price bounced off 11800 in the morning trades and edged lower. Sellers pushed the price to 11750 in the mid-European session and kept the price within its region. The index remained above its moving averages in the 4 hours chart. The 50-EMA crossed the 100-EMA downwards. All the moving averages were pointed in the mentioned chart. The resistance exists at 11800, the support stands at 11700.

    The MACD indicator was bullish and still in positive territory. The RSI headed south but remained within the overvalued readings.

    Trading recommendations

    We favor a short-term bearish bias now. If a bearish tone persists we expect a breakout of the level 11700. To retain its bullishness DAX needs to regain 11800.



    NASDAQ

    Current situation

    Bulls reinforced their positions when they broke above 5300. Traders took a pause after the recent rally gaining steam for fresh actions on Thursday. The index stayed in a tight range above 5300 during the day. According to the 4 hours chart NASDAQ hovered above its moving averages. All the moving averages maintained their bullish slope in the same chart. The resistance is at 5340, the support comes in at 5300.
    The MACD histogram grew which is a buy signal. RSI oscillator stayed within the overvalued readings.

    Trading recommendations

    We expect a downward correction which will start as soon as the benchmark drops below the support level 5300. The next sellers’ target is 5260. Should the index recover ground and advance above the 5300 hurdle, the rally can extend in the short term up to 5340.




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


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    ValdisFFS

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

    Post  ValdisFFS on Fri Feb 17, 2017 6:15 pm

    "Fort Financial Services"- fundamental and technical analysis.

    20.02.2017

    Euro

    General overview

    The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece.

    Current situation

    The upside momentum seemed to have run out of steam on Friday. The euro was not able to surpass the mark 1.0680 and pulled back. The market was quite during the Asia session and became more agile in the European morning. European traders brought some dollar’s demand pushing the spot lower. The euro sharply dropped and tested 1.0650 post-European open. The level stopped sellers’ advance rejecting the pair upwards. The EURUSD pair bounced off the 100-EMA, broke the 200-EMA downwards and tested the 50-EMA. The 50 and the 100-EMAs pointed lower while the 200-EMA was bullish-neutral in the mentioned timeframe. The resistance is at 1.0700, the support comes in at 1.0650.

    MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. RSI indicator stayed within the overvalued readings and moved downwards.

    Trading recommendations

    EURUSD is having difficulties to go any higher. A break below 1.0600 suggests further weakness of the major towards the 1.0550 level. If the level stands it is a good time to buy on a dip.



    Pound

    Current situation

    From a technical point of view the cable remained within last week's trading range. The GBP/USD pair met a wave of selling pressure when the spot failed to reclaim the 1.2500 psychological mark. The pound sharply fell from 1.2500 in the Asian session and reached 1.2400 overnight. The handle stopped its further losses rejecting the price upwards. The GBPUSD major bounced off the 100-EMA, broke the 50-EMA downwards and tested the 200-EMA in the 4 hours chart. The100 and the 50-EMAs were flat while the 200-EMA was bullish-neutral in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI indicator left the neutral territory and moved south.

    Trading recommendations

    The technical picture presents a light bearish tone. We suppose the major will go to 1.2400 first. Having overcome the first target the price might advance its decline towards the 1.2340 level.



    Yen

    Current situation

    Despite of Thursday's sharp sell-off buyers managed to defend 113.00 handle. The price stopped at the level and even staged a tepid recovery on Friday. According to the 4 hours chart the price broke the 100 and the 50-EMAs downwards. The USDJPY pair stayed below its moving averages afterwards. The 200 and the 100-EMAs pointed lower and the 50-EMA headed higher in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD entered the negative area. If MACD remains within the negative territory, sellers’ positions will strengthen. RSI remained within the oversold readings favoring a new move lower.

    Trading recommendations

    The bearish trend remained intact. A firm break below 113.00 handle could trigger fresh weakness for attack at 112.00.



    NZD/USD

    Current situation

    The NZD/USD pair came under some renewed selling pressure and extended its slide below 0.7200 handle on Friday. After breaking the level sellers ran out of steam and took a break gathering strength for a fresh move lower. The major bounced off the 50-EMA downwards in the 4 hours chart. The spot continued developing well between the 50 and the 200-EMAs during the day. The 100-EMA was neutral, the 50-EMA pointed lower while the 200-EMA headed higher in the same chart. The resistance is highlighted at 0.7200, the support comes in at 0.7150.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. The RSI left the overvalued readings and was within the neutral area.

    Trading recommendations

    If the spot overcomes 0.7200 upwards we will neutralize our medium term negative outlook. Bulls may push the NZDUSD pair towards the 0.7250 level. Otherwise, a drop below 0.7150 will reinforce sellers’ positions opening doors for a continued weakness towards 0.7100.



    XAU/USD

    Current situation

    Gold remained around its recent peaks on Friday. The price failed to advance beyond 1240 facing sellers’ resistance on any up-move in the early trades. The metal made another attempt to grow in the late European session. The price pushed away from 1240 and reached 1245 in the NY session opening. The 4 hours chart showed that the gold price hovered above its moving averages. The 50, 100 and the 200-EMAs maintained their bullish slope in the same chart. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    The MACD histogram grew which indicates buyers’ strength. RSI consolidated within the overvalued readings.

    Trading recommendations

    Despite the overall positive outlook the yellow metal seems to be having problems with its further advance. Inability to move higher may return some selling pressure to markets. Sellers’ profit targets lie at 1230 and 1220 levels.



    Brent

    Current situation

    Brent presented a modest bearish tone on Friday. The benchmark opened red and moved lower in the Asian session. Sellers reached 55.50 in the early European trades and broke the handle later the day. After breaking the level Brent oil prices extended their losses and tested the mark 55.00 ahead of the NY opening. The benchmark broke its moving averages downwards. The 50, 100 and the 200-EMAs were flat in the same chart. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI stayed within the neutral area and moved downwards.

    Trading recommendations


    We recommend to sell if the benchmark consolidates below the level of 55.50. The potential sellers’ target is 54.50 dollars per barrel.



    DAX

    Current situation

    DAX gapped lower at the open on Friday. The index maintained its ask tone after the jump and moved lower. Sellers touched the level 11700 ahead of the NA opening. The index tested the 50 and the 100-EMAs 4 hours chart. DAX stayed above its moving averages. All the moving averages headed north in the same chart. The resistance exists at 11800, the support stands at 11700.

    MACD decreased which indicates the buyers’ positions weakening. The RSI left the overvalued readings and headed south.

    Trading recommendations

    The price maintained its bearish tone in the 4 hours chart. A daily close below 11700 would risk 11600.



    S&PЗ500

    Current situation

    The index extended its bearish slide on Friday. The price retreated from 2347 in the Asian session and reached 2340 post-European open. The level halted sellers’ advance rejecting the price upwards. The index continued developing well above its moving averages in the 4 hours chart. All the moving averages maintained their bullish slope in the same chart. The resistance is at 2360, the support comes in at 2340.

    MACD decreased which indicates the buyers’ positions weakening. RSI oscillator stayed within the overvalued readings favoring a new move lower.

    Trading recommendations

    We prefer to stay bullish for now. If bulls retain control we cannot rule out the chance that S&P500 would reach the level at 2360.




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

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    ValdisFFS

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

    Post  ValdisFFS on Mon Feb 20, 2017 4:25 pm

    "Fort Financial Services"- fundamental and technical analysis.

    21.02.2017

    Euro

    General overview

    The euro needs fresh drives to reverse significant losses which it suffered on Friday. Meanwhile, the common European currency might weaken further in the light of upcoming presidential elections in France. All eyes are on German Manufacturing PMI which is expected below forecasts.

    Current situation

    The EUR/USD pair remained in sellers' hands on Monday. Despite the overall negative picture the EUR/USD pair was trading in the green zone in the morning. Euro buyers were rescued by the 1.0600 handle which rejected the spot upwards. The euro reached 1.0630 where the recovery lost its legs. The price tested the 50-EMA in the 4 hours chart. The 50-EMA crossed the 200-EMA downwards. The 50 and the 100-EMAs headed south while the 200-EMA kept pointed higher in the mentioned timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

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

    Trading recommendations

    A close above 1.0650 will generate fresh bullish signal for further advance, which could extend to the 1.0700 level. A failure here will open doors for fresh sellers’ attack at 1.0600.



    Pound

    General overview

    The GBP/USD spiked and recovered almost all its Friday’s losses on Monday. The pound was able to strengthen amid a weaker dollar and a light market due to the public holiday in the USA. Moreover, Industrial Trends Survey came out better supporting the British currency. Today traders are waiting for the Mark Carney’s speech.

    Current situation

    In general, the market was in sellers' hands and the major remained in a consolidative structure between 1.2400 - 1.2600 during Monday’s trades. A fresh buying interest around 1.2400 helped bulls to revert last Friday sell-off. The price spiked to 1.2476 where the upward impetus lost its strength. According to 4 hours chart the price was between 200-EMA and 50-EMAs during the day. The 50 and the 100-EMAs kept pointing lower while the 200-EMA was bullish in the mentioned timeframe. The resistance lies at 1.2500, the support comes in at 1.2400.

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

    Trading recommendations

    If a bullish momentum remains intact the cable will have a chance to reclaim 1.2500. After a breakout of the 1.2500 level the spot may test 1.2544. On the other hand existing selling pressure may lead the major below 1.2400 towards 1.2340.



    Yen

    General overview

    The dollar rose against the yen on Monday. Donald Trump’s financial stimulus hasn’t come true yet. The current uncertainty over Trump’s plans weighs on the US dollar. Meanwhile, the yen weakened following the downbeat Foreign trade and Export reports.

    Current situation

    The dollar strengthened vs. the yen, pushing the USD/JPY pair back above 113.00 handle on Monday. The pair caught fresh bids and reversed majority of Friday's losses in the Asian session. Traders were able to push the price above 113.00 where their advance slowed down. The price was stopped by the 100-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA upwards. The 100 and the 200-EMAs pointed lower while the 50-EMA maintained its bullish slope. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD remained at the same level which confirms the strength of sellers. RSI was neutral.

    Trading recommendations

    If bulls control the market, the USD/JPY pair may try to reach 114.00 after breaking 113.40. Conversely, a break below 113.00 will open room for further downside towards 112.55.



    USD/CAD

    General overview

    Oil price dynamics coupled with difference between Fed and the Bank of Canada policies kept on weighing on the CAD.

    Current situation

    The USD/CAD consolidated in a tight range below the 1.3120 hurdle after a failure to regain the mentioned level. The price edged lower within the range in the Asian session and was able to reverse all its losses during the European hours. The 4 hours chart showed that the price found a decent support at the 100-EMA. The 50 and the 200-EMAs headed south while the 100-EMA was in a flat. The resistance is highlighted at 1.3120, the support comes in at 1.3050.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    All eyes are right now at the support level 1.3050. A move above the level will turn attention to the 1.3000 handle.



    XAU/USD

    General overview

    Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing.

    Current situation

    The XAU/USD pair maintained a bullish tone on Monday. Gold consolidated above 1230 dollars per ounce after the Friday's sell-off. Sellers failed to retake the level which rescued buyers from further losses. The price pulled back in the Asian session and reached the 1235 mark in the morning. The spot hovered above the level before NY opening. The price bounced off the 50-EMA upwards in the 4 hours chart. The XAU/USD pair was above its moving averages during the day. The 200 and 100 EMAs maintained their bullish slope while 50-EMA was in flat in the mentioned chart. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    MACD remained at the same level which confirms the strength of buyers. RSI was neutral.

    Trading recommendations

    A move below 1230 level would indicate that immediate upward pressure eased. The next portable bearish target is 1220 dollars per ounce.



    Brent

    General Overview

    Oil prices grew due to OPEC’s output cut agreement ignoring the increased US drilling activity and record high inventories.

    Current situation

    Brent opened green on Monday. The price pushed away from 55.50 during the early hours on Monday. The benchmark was rallying the whole night and in the European morning. Oil futures reached 56.50 post-European open but failed to advance beyond. The hurdle rejected the price which eased erasing some daily gains. The 4 hours chart showed that the 50-EMA crossed the 200-EMA upwards. The benchmark continued developing well above its moving averages during the course of the day. The 50-EMA kept pointed higher, 100-EMA and the 200-EMA were flat in the same timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI indicator lost upward strength and moved downwards.

    Trading recommendations

    We remain bearish. If the 55.50 support breaks, oil prices may fall further sending this market towards the 55.00 handle.



    DAX

    General overview

    European stocks slightly rose on Monday following telecommunication sector strengthening. However, Unilever's shares decline led the stocks lower.

    Current situation

    DAX gapped higher at the daily open. The price jumped through 11800 and slightly grew afterwards. The index reached the mark 11864 and suddenly changed its direction when a fresh selling pressure returned the benchmark to 11800 post European open. The index hovered above its moving averages in the 4 hours chart. The 50-EMA touched the 100-EMA. The moving averages maintained their bullish slope in the mentioned chart. The resistance exists at 11900, the support stands at 11800.

    The histogram grew which is a positive signal. The RSI indicator was near overvalued territory.

    Trading recommendations

    The overall outlook remains bullish, for a rise towards 11900 resistance area. However, we will place buy orders only if the index breaks the 11800 level. Meanwhile, DAX index has a potential to fill its morning gap. The benchmark may fall to 11700 in this scenario.



    NASDAQ

    Current situation

    The trend is clearly bullish for now. Bulls kept pushing the price upwards during the Asian session on Monday. They touched the 5340 hurdle in the European morning trades and bounced off the level immediately afterwards. According to the 4 hours chart the benchmark hovered above its moving averages. All the moving averages maintained their bullish slope in the same chart. The resistance is at 5340, the support comes in at 5300.

    MACD remained at the same level which confirms the strength of buyers. RSI oscillator consolidated within the overvalued readings.

    Trading recommendations

    A bullish tone prevails in the 4 hours chart. After breaking the 5340 hurdle we expect further extension to 5380.




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Wed Feb 22, 2017 5:31 pm

    "Fort Financial Services"- fundamental and technical analysis.

    23.02.2017

    Euro

    General overview

    The euro is under pressure amid growing concerns over the presidential elections in France and growing expectations over the possible Fed rate hike in March. Germany Business Climate came in above expectations despite the negative forecast. However, the market ignored the release.

    Current situation

    The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows. The price bounced off 1.0550 and dropped to 1.0500 in the European morning. The 100-EMA tested the 200-EMA in the 4 hours chart .The 50 and 100 EMAs maintained their bearish slope while 200-EMA was neutral. The price continued developing well below the moving averages. The resistance is at 1.0550, the support comes in at 1.0500.

    The MACD histogram decreased which indicates the sellers’ strength. The RSI oscillator consolidated within negative area.

    Trading recommendations

    A break below 1.0500 will trigger another leg lower. A move below 1.0500 would revive bearishness towards 1.0450.



    Pound

    General overview

    The UK's GDP showed upbeat result, however, the pound ignored the release.

    Current situation

    The pound maintained its neutral tone trading in a familiar range on Wednesday. The cable failed to sustain the Tuesday's recovery, the pair sharply dropped after touching 1.2500. The price reached 1.2450 within a few hours and stayed around the session low until the NY opening. The major bounced off the 100-EMA downwards and broke the 50-EMA. The 50 and 100 EMAs maintained their bearishness while the 200-EMA stayed neutral/positive. The resistance lies at 1.2500, the support comes in at 1.2400.

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

    Trading recommendations

    We preserve our bearish outlook. A break below 1.2400 shall open the way for further losses towards 1.2350 and 1.2300.



    Yen

    Current situation

    The US dollar maintained its bearish tone on Wednesday. The Tuesday's recovery stalled a few pips below 114.00. Bears tightened their grip and sent the rate towards 113.00 in the Asian session. European sellers continued pushing the major lower and reached the targeted level in the mid-European session. According to 4 hours chart the spot rebounded from 50-EMA and broke the 100-EMA downwards. The moving averages pointed lower in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

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

    Trading recommendations

    We expect to see renewed bearish pressure. As the most probable scenario, we consider further moving downwards towards the mark at 112.60, en route to 112.00.



    NZD/USD

    Current situation

    The trend is objectively bearish. The NZD extended its Tuesday's recovery reversing more-than half of its previous losses. The price stalled above 0.7150 trading in a tight range on Wednesday. The spot was almost unchanged flirting with the fresh highs the whole day. The 50-EMA crossed the 200-EMA downwards in the 4 hours chart. The 50 and 100 EMAs pointed lower while the 200-EMA maintained its bullish slope. The price continued developing below the moving averages in the mentioned timeframe. The resistance is highlighted at 0.7200, the support comes in at 0.7150.

    MACD decreased which confirms the strength of sellers. RSI remained within neutral territory.

    Trading recommendations

    The price eyes a support at 0.7150 loss of which would trigger further weakness towards 0.7100.



    XAU/USD

    General overview

    Gold prices remained under pressure ahead of Fed minutes awaiting for fresh guidelines regarding the next rate hike timing.

    Current situation

    The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day. According to 4 hours chart the price rebounded from 100-EMA and crossed 50-EMA upwards. The metal was above the moving averages which were all pointing higher in the same chart. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    MACD indicator was at the centerline. If the histogram entered the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI was neutral.

    Trading recommendations

    Gold remained well offered. A firm break below 1230 handle would open 1220 dollars per ounce.



    Brent

    General Overview

    Despite the recent drop oil prices remained around 7-week high on hopes that OPEC will achieve full compliance to the production cut agreement. Yesterday the price weakened ahead of the US crude stockpiles report. Traders were afraid that the report would show another build in the inventories. Besides, a fresh demand around the US dollar kept on weighing on the benchmark.

    Current situation

    Brent turned negative on Tuesday and extended its weakness on Wednesday. The Asian recovery lost its legs around 57.00 where the benchmark found fresh offers. The price sharply dropped and broke the 56.50 handle in the late Asian trades. Sellers drove the price to 56.10 afterwards where black gold found a decent support. 50-EMA crossed the 100-EMA upwards in the 4 hours chart. The 50 and 100 EMAs kept heading higher while 200-EMA turned lower. The price continued developing above the moving averages. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

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

    Trading recommendations

    After a daily close below 56.50 dollars per barrel we could see the pair extending down to the 55.50 region.



    DAX

    General overview

    European stocks traded mixed on Wednesday on the back of earnings and recent economic releases. DAX posted upbeat results when touched all-time high at 12000. Financial stocks were mixed while mining ones moved lower.

    Current situation

    DAX posted fresh all-times highs on Tuesday and consolidated its gains on Wednesday. The price pierced 12000 but failed to retake the level. The benchmark remained around the hurdle flirting with fresh highs in the European session. According to 4 hours chart the benchmark was above the moving averages which were all pointing higher. The resistance exists at 12000, the support stands at 11900.

    The histogram grew which is a buy signal. The RSI indicator remained within overbought readings.

    Trading recommendations

    A pullback is expected in the short term. Below 12000, the index is likely to target at the 11900 support.



    NASDAQ

    General overview


    US stocks moved lower at per-market ahead of the Fed’s minutes publication.

    Current situation

    The index gave up its fresh highs and pulled back on profit-taking. NASDAQ returned to 5340 in the early trades on Wednesday and stayed around the level until the American stocks open. According to 4 hours chart the 50, 100 and 200 EMAs maintained their bullishness. The price continued developing well above the moving averages in the same chart. The resistance is at 5380, the support comes in at 5340.

    MACD traded to the downside. The RSI indicator lost upward strength and moved downwards.

    Trading recommendations

    A sharp breakout below 5340 could spark a further decline towards 5320.




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Thu Feb 23, 2017 5:59 pm

    "Fort Financial Services"- fundamental and technical analysis.

    24.02.2017

    Euro

    General overview

    Germany GDP came out as expected without changes in the 4th quarter. The GDP rose at good pace last year despite Brexit. All eyes are on the presidential election in France.

    Current situation

    The EUR/USD pair traded with mild bearish bias on Thursday. The euro reached 1.0500 but lost strength after touching the level and turned to the upside. Buyers reversed all its recent losses and returned the spot to 1.0550 where the major stayed in a directionless trading during the European hours. The spot broke the 50-EMA and stayed within its region in the 1 hour chart. All the moving averages continued moving downwards. The resistance is at 1.0550, the support comes in at 1.0500.

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

    Trading recommendations

    The EUR/USD pair remained in a descending channel. We do not see a potential to post more gains. The bearish momentum is likely to be regained as soon as the single European currency gets below 1.0550. Buyers need to retake 1.0600 to ease the downward pressure.



    Pound

    General overview

    The pair traded in the narrow range due to the empty British calendar. Meanwhile, the US Fed meeting minutes did not inspire investors to buy the dollar.

    Current situation

    The pound remained rangebound on Thursday. Sellers found a solid barrier at 1.2400 and had to retreat. The price bounced off the handle but failed to build a strong up-move and stalled below the 1.2500 psychological level. The cable touched the 50-EMA in the 4 hours chart. The moving appeared to be a strong obstacle to break at once. The pair stayed in-between the 50 and 200 EMAs during the day trying to move higher. The 50 and 100 EMAs pointed lower while the 200-EMA extended its bullishness. The resistance lies at 1.2500, the support comes in at 1.2400.

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

    Trading recommendations

    A sharp breakout below 1.2400 could spark a further decline towards 1.2370 in the coming sessions. Alternatively, a break and consolidation above 1.2500 will increase buyers’ chances to reach 1.2550.



    Yen

    General overview

    The dollar weakened a bit despite the FOMC meeting minutes which mentioned the probable Fed monetary policy tightening. The Japanese calendar remains thin and uneventful the pair will mostly depend on the US data

    Current situation

    The USD/JPY pair stayed rangebound on Thursday being limited in a tight range between 113.00 and 113.50. The price stayed flat out during the Asian and European hours and became more agile ahead of the NY opening. Sellers led the price lower and broke 113.00. The major stayed around the 100-EMA which acted as a support for the US dollar. The 4 hours chart showed that the pair was sandwiched between the 100 and 50 EMAs during the day. The 50, 100 and 200 EMAs maintained their mild bearish slope in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

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

    Trading recommendations

    It is hard to predict the pair's further move. A clear break below 113.00 would indicate that the bearish phase has resumed. Conversely, to recover some strength the major needs to rise back and hold above 114.00.



    USD/CAD

    General overview

    The US dollar weakened against the Canadian dollar. All eyes are on Canadian Consumer Price Index which is expected above expectations.

    Current situation

    The US dollar failed to sustain its recovery on Wednesday. The upward move lacked momentum around 1.3190 where the spot found fresh offers. The pair continued being offered on Thursday. Sellers pushed the price from the 1.3190 hurdle to 1.3120 and reached the last post-European open. The USD/CAD pair touched the 200-EMA which acted as a support for the major in the 4 hours chart. The US dollar struggled hard to retake the moving in the European session. The 200-EMA moved lower while the 50 and 100 EMAs were neutral in the mentioned timeframe. The resistance is highlighted at 1.3190, the support comes in at 1.3120.

    MACD decreased which confirmed the growing strength of sellers. RSI moved to downside.

    Trading recommendations

    The technical picture favors a downward extension unless the level 1.3120 holds. A move below the handle will open the door for a 1.3090 region retest. A failure to break the mark may send the pair to 1.3190.



    XAU/USD

    Current situation

    Gold extended its sideways consolidation on Thursday. The recent upmove lost its upward momentum around 1240 where the precious metal traded the first part of the day. The precious metal turned bullish in the North American session. Buyers broke above 1240 and led the XAU/USD pair to 1245. According to 4 hours chart the spot continued to stay above its moving averages which extended their bullish slope. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

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

    Trading recommendations

    We expect gold futures to trade sideways tending to grow in the coming sessions.



    Brent

    General Overview

    Oil prices slightly grew as investors became more optimistic after the OPEC's production cuts according to the meeting in Doka. The prices grew despite the U.S. Crude Oil Inventories withdrawal.

    Current situation

    Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning. European buyers failed to maintain an upward momentum and stepped back. The price returned to 56.50 and stayed there until the NY open. After breaking the 50 and 100 EMAs the price remained above the moving averages in the 4 hours chart. All the moving averages were flat. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD slightly grew while RSI moved within neutral readings.

    Trading recommendations

    Brent needs to fixate above 56.50 dollars per barrel to extend its bullishness. The 57.50 hurdle is the next buyers' target. A failure to hold above 56.50 risks a slide to the 56.00 - 55.50 region.



    DAX

    General overview

    European stocks traded mixed on Thursday as investors focused on earnings reports. Besides, traders kept weighing up the latest Fed's minutes. Financial stocks faced some buying pressure while mining stocks were mixed.

    Current situation

    DAX traded in a tight range on Thursday. After reaching 12000 the upward momentum lost its strength. Traders seem to be consolidating their gains now. According to 4 hours chart the price was above the moving averages which were all pointing higher. The resistance exists at 12000, the support stands at 11900.

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

    Trading recommendations

    The index may develop a minor technical correction if it fails to retake 12000. The benchmark may ease to 11900 on profit-taking.



    S&P500

    General overview

    The US investors prefer to stay out of market awaiting for further details on Trump's fiscal policies.

    Current situation

    S&P500 traded around its recent highs on Thursday. The price stayed in a tight range of 50 pips or less struggling with 2360. The benchmark was above its moving averages which were all pointing higher in the 4 hours chart. The resistance is at 2360, the support comes in at 2340.

    MACD decreased which indicates the buyers’ positions weakening. The RSI oscillator stayed near overbought levels.

    Trading recommendations

    The index will remain in a directionless mode until S&P500 finds fresh drivers. Meanwhile, we expect a recovery to 2350.




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

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    ValdisFFS

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

    Post  ValdisFFS on Sat Feb 25, 2017 11:00 am

    "Fort Financial Services"- fundamental and technical analysis.

    27.02.2017


    Euro

    General overview

    The currency pair EUR/USD grew taking advantage of the weak US dollar. The dollar was under pressure since the middle of the trading week amid the FOMC minutes and the new Finance Minister Steven Mnuchin's statements on tax reform.

    Current situation

    Despite the recent growth the EUR/USD pair remained in a downward channel. Buyers just managed to lead the price to its upper limit. The overnight’s recovery attempt stalled just under 1.0600 barrier in the early European hours. The pair’s upside lost some vigour finding fresh offers around the level. Buyers tried to break above 1.0600 ahead of the NY opening. The price broke the 50-EMA in the 4 hours chart and stayed above the moving average. 100-EMA crossed 200-EMA downwards. The 50 and 100 EMAs pointed lower while 200-EMA was neutral in the mentioned timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

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

    Trading recommendations

    A move above 1.0600 will support buyers sending the market to 1.0630 – 1.0650. A return to 1.0550 may open the way for a move to 1.0500.



    Pound

    General overview

    The British pound maintained its bid tone flirting with its recent highs. The British pound was able to strengthen amid positive BBA Mortgage Approvals and the US dollar retracement.

    Current situation

    GBP/USD did not have enough momentum to reach the 1.2600 resistance. Bulls stopped at the mark 1.2565 being unable to push the spot higher. The pair stayed in a tight range of 50 pips during the European session. A bout of fresh selling interest emerged in the European morning. The Cable declined against the dollar heading towards 1.2500. The pair rebounded from 200-EMA and broke 50 and 100-EMA upwards in the 4 hours chart. The British pound continued developing well above the moving averages. The 50 and 200 EMAs pointed higher while the 100-EMA maintained its bearish slope in the same chart. The resistance lies at 1.2600, the support comes in at 1.2500.

    The MACD histogram grew which indicates buyers’ strength. The RSI indicator lost upward strength and moved downwards.

    Trading recommendations

    The bullish tone is likely to remain intact. A move above 1.2550 would revive bullishness towards 1.2600 – 1.2650.



    Yen

    General overview

    USD/JPY continued its smooth slide on Friday. The current situation on the currency market is not good for the US dollar, as the Fed recent minutes indicated small chances of rate hike in March.

    Current situation

    The USD/JPY pair maintained its offered tone on Friday. Buyers reversed a minor portion of their losses in the night. Traders pushed the price to 113.00 but failed to break above the hurdle. Sellers returned control in the late Asian session, pushed the US dollar lower and erased all buyers' gains in the early European session. The 4 hours chart showed that the price broke the 100-EMA downwards and moved lower. The 100 and 200 EMAs maintained their bearish slope while 100-EMA turned neutral. The price continued developing well below the moving averages in the mentioned timeframe. The resistance is highlighted at 113.00, the support comes in at 112.00.

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

    Trading recommendations

    As the most probable scenario, we consider further moving downwards towards the level at 112.00.



    AUD/USD

    General overview

    The Australian dollar fell after the Governor of the RBA Phillip Lowe made it clear that the Central Bank did not intend to raise interest rates in the nearest time.

    Current situation

    Despite the overall positive trend bulls seem have no desire to move higher. After posting recent highs at 0.7739 the price softened and returned to 0.7700 where remained in a consolidation stance during the night session. The rise in the dollar demand made the AUD break below 0.7700 pushing the Australian currency towards 0.7650. According to 4 hours chart the price tested the 50-EMA. All the moving averages pointed higher. The resistance is highlighted at 0.7700, the support comes in at 0.7650.

    The histogram declined which is a sell signal. RSI was neutral.

    Trading recommendations

    In order to recover some strength, AUD/USD needs to rise back and hold above 0.7700. The current decline we consider corrective. It is a good opportunity to buy on dips. Only a break below 0.7650 will ease the upward pressure. A move below 0.7550 will be able to neutralize the buying pressure and open the way to further weakness.



    XAU/USD

    General overview

    Gold reached three-month highs on Friday amid the dollar in the light of the latest FOMC minutes analysis. The world political instability increased the demand for risk-free assets as well.

    Current situation

    Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning. Strong bullish interest helped the price to break 1250 and drove the price towards 1260 afterwards. The 4 hours chart showed that the price continues developing well above the moving averages. The moving averages maintained their bullish slope in the same timeframe. The resistance exists at 1260, the support stands at 1250 dollars per ounce.

    The MACD histogram grew which indicates buyers’ strength. RSI went upwards which confirms the strength of buyers.

    Trading recommendations

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



    Brent

    General Overview

    Black gold slightly declined amid the crude inventories report. According to the Kuwait business paper research, OPEC and non-OPEC countries kept their promise to reduce oil production only by 86% instead of promised 94%.

    Current situation

    The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower. Sellers returned the price to 56.50 on European open and continued driving black gold lower during the day. Oil prices reached 56.00 ahead of the NY opening. According to 4 hours chart the price tested the 50 and 100 EMAs. The 50-EMA bounced off the 100-EMA upwards. The 50 and 100 EMAs pointed higher while 100-EMA turned neutral. The price was above the moving averages in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

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

    Trading recommendations


    A downtrend will start as soon, as the price drops below the support level 55.50 dollars per barrel.



    DAX

    General overview

    European stocks dropped on Friday. Investors stayed focused on the earnings reports and political instability in Europe and the United States.

    Current situation

    The index gapped lower at the open on Friday. Sellers maintained control after the gap and pushed DAX lower. The index broke 11900 and 11800 in the mid-European session. The benchmark continued its slide afterwards and reached 11735 ahead of the NY opening. The price broke the 50-EMA and tested the 100-EMA in the 4 hours chart. The 50, 100 and 200 EMAs pointed higher in the same timeframe. The resistance exists at 11900, the support stands at 11800.

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

    Trading recommendations

    After a daily close below the support at 11800 we could see the index extending its declines down to 11700.



    NASDAQ

    Current situation

    NASDAQ turned bearish on Friday. The index was slowly declining in the night and accelerated its slide with European markets opening. Sellers drove the index to 5300 in the mid-European session. The benchmark tested the 50-EMA. The moving averages pointed higher in the in the 4 hours chart. The resistance is at 5340, the support comes in at 5300.

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

    Trading recommendations

    The price eyes support at 5300 loss of which would trigger further weakness towards 5260.




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


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    ValdisFFS

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

    Post  ValdisFFS on Mon Feb 27, 2017 5:34 pm

    "Fort Financial Services"- fundamental and technical analysis.

    28.02.2017

    Euro

    General overview

    According to the European commission research held on Monday, investors became more confident about the Eurozone, as it was expected in February. Industry confidence grew, while manufacturing expectations posted losses.

    Current situation

    After a sharp sell-off on Friday the euro seems to have found a strong support in the 1.0550 region. The level rejected the spot which managed to reverse a half of Friday's losses. European buyers continued pushing the price higher approaching the 1.0600 level in the first part of the day. The pair tested the 50-EMA in the 4 hours chart and stayed below the moving average. The 50-EMA turned upwards, 100-EMA kept heading lower, while 200-EMA was neutral in the same timeframe. The resistance is at 1.0600, the support comes in at 1.0550.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    EUR/USD awaits for the US data for fresh impetus. Meanwhile, any recovery is likely to be considered a good selling opportunity. A move below 1.0550 would revive bearishness towards 1.0500.



    Pound

    General overview

    The pound dropped versus the majors following the news that the UK Government plans to hold a potential Scotland independence referendum. None of the officials commented on it, but even the rumor made the cable to drop down.

    Current situation

    Sellers lost strength on Friday after testing the 1.2400 level which rescued buyers once again. After touching the handle the price remained within its region in the night. European traders started to push the price higher in the early trades but did not advance much and returned to the support in the mid European session The price broke all the moving averages downwards and continued trading below them in the 4 hours chart. The 100 and the 50 EMAs were neutral while the 200-EMA maintained its bullish slope in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI indicator was holding near oversold levels, favoring a new move lower.

    Trading recommendations

    After a daily close below 1.2400, GBP/USD will likely target the 1.2370 mark.



    Yen

    General overview

    The dollar slightly recovered from two-week lows in Asian session on Monday. However, the US dollar lacked an upward impulse awaiting for Donald Trump's speech regarding his tax reform.

    Current situation

    After meeting a barrier at 112.00 the price bounced off the level. Buyers failed to advance far from the handle and stayed around it the fist part of the day. According to 4 hours chart the price continued developing well below the moving averages. The 50 and 200 EMAs maintained their bearish slope, while 100-EMA was neutral in the mentioned timeframe. The resistance is highlighted at 113.00, the support comes in at 112.00.

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

    Trading recommendations

    The USD/JPY pair needs to regain at least the 113.00 zone to ease the immediate bearish pressure. Meanwhile we will sell until the spot is below the mentioned level.



    NZD/USD

    Current situation

    After a sell-off on Friday the kiwi remained neutral on Monday morning. Sellers met a barrier at 0.7200 and were struggling hard to break it during the European hours. The price was sandwiched between 200-EMA and 50-EMA in the 4 hours chart. The 100-EMA kept heading lower and touched the 200-EMA which kept pointed higher while 50-EMA turned neutral in the same timeframe. The resistance is highlighted at 0.7200, the support comes in at 0.7150.

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

    Trading recommendations

    As the most probable scenario, we consider further moving downwards towards the level at 0.7150.



    XAU/USD

    Current situation

    Gold opened the week inside of a consolidation zone after Friday’s rally. The upward impetus lost strength around 1260 dollars per ounce. Buyers gave up their recent gains and had to retreat on the back of profit-taking. Sellers drove the price lower and reached 1255 in the mid European session. According to 4 hours chart the price was above the moving averages which were all pointing higher. The resistance exists at 1260, the support stands at 1250 dollars per ounce.

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

    Trading recommendations

    A close below the support at 1250 could see XAU/USD extend its declines down to 1240. Nevertheless, the upward structure remained in place. The lower limit of the upward channel lies around 1240. Buyers may find fresh bids around the level.
    The 1260 is a big psychological level which means that we are bound to see some thick action around it.



    Brent

    General Overview

    Oil prices recovered back to the eight week highs on Monday as investors are still confident that OPEC's output cuts would outweigh an increase in the United States crude inventories. Moreover, OPEC's efforts to hold the oil prices from falling were supported by the reports from China.

    Current situation

    Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon. Traders pushed the price higher and pierced 56.50 in the mid-European session. After touching the level the upward trajectory lost its strength, the price bounced from the level and edged lower. The price tested the 200-EMA, rebounded upwards in the 4 hours chart. Brent broke 100-EMA and 50-EMA upwards afterwards. The 50-EMA and 200-EMA turned upwards, while 100-EMA was neutral in the same timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

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

    Trading recommendations

    When we break the level 56.50 the support 55.50 comes back into play.



    DAX

    General overview

    European stocks opened mixed on Monday following the inspiring reports of some companies and Intesa Sanpaolo rally. However, a sharp fall of London and Deutsche Stock Exchange limited stocks advance.

    Current situation

    DAX gapped higher at the open on Monday. Buyers failed to advance beyond the level and after posting the daily high at 11867 the price reversed its direction. Sellers retuned the price to 11800 filling the gap in the mid European session. The index rebounded from 100-EMA upward and tested 50-EMA in the 4 hours chart. The moving averages turned neutral in the mentioned timeframe. The resistance exists at 11900, the support stands at 11800.
    s
    The MACD histogram decreased which is a sell signal. RSI remained within neutral territory.

    Trading recommendations

    A sharp breakout above 11800 could spark a further incline towards 11700 in the coming sessions.



    S&P500

    General overview

    Wall Street opened lower on Monday as investors waited for President Donald Trump’s speech to Congress. The president had to reveal his plans regarding taxes, trade and public investment.

    Current situation

    S&P500 posted fresh all-times high in the Asian session on Monday. Buyers managed to lead the price to 2370 where the upward momentum lost its legs. Bulls gave up their gains and stepped away. Sellers led the benchmark lower and erased all buyers’ gains. The 4 hours chart showed that the benchmark bounced off the 50-EMA upwards. The price remained above the moving averages which were all pointing higher in the same timeframe. The resistance is at 2380, the support comes in at 2360.

    MACD decreased which indicates the buyers’ positions weakening. RSI oscillator stayed near overbought levels.

    Trading recommendations

    We maintain our positive outlook for the index. The ongoing decline is just a correction. The index may weaken to 2350 where the lower limit of the upward channel lies. A break lower will ease the upward pressure towards 2340. A failure here will return rally towards 2370, en route 2380.




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Sun Mar 05, 2017 7:03 pm

    "Fort Financial Services"- fundamental and technical analysis.

    06.03.2017

    Euro

    General overview

    Retail sales in the Eurozone fell for the third month in a row as inflation rate slowed down both consumer demand and economic growth. The Eurozone non-manufacturing PMI dropped, although no one expected any changes.

    Current situation

    The pair remained in a downward channel on Friday. After finding barrier at 1.0500 the spot pulled back. Buyers reversed some losses overnight and pushed the euro to the upper limit of the downward channel. The major was unmoved in the morning. A fresh buying impetus emerged in the late European session when the price rallied to 1.0550. The moving averages pointed lower in the 4 hours chart. The price continued developing well below the moving averages in the mentioned timeframe. The resistance is at 1.0550, the support comes in at 1.0500.

    MACD grew which indicates the sellers’ positions weakening. RSI indicator was near undervalued territory, favoring a move higher.

    Trading recommendations

    After a close below the support at 1.0500 we could see EUR/USD extending its declines down to 1.0450. Meanwhile we expect some recovery based on profit-taking. The price may reach he upper limit of the downward channel in the coming sessions.



    Pound

    General overview

    The pound refreshed its six-week lows against the dollar amid negative UK non-manufacturing PMI and increasing expectations of March interest rate hike in the USA.

    Current situation

    The pound extended its consolidation phase in the Asia session on Friday. The price traded range-bound-to lower in a narrow range of 50 pips. Sellers became more active in the European morning and moved the pound to 1.2200. According to the 4 hours timeframe the price continued developing well below the moving averages. 50 and 100-EMAs crossed the 200-EMA downwards. The moving averages pointed lower in the same chart. The resistance lies at 1.2300, the support comes in at 1.2200.

    MACD decreased which confirms the strength of sellers. The RSI indicator held within oversold readings, and headed now south.

    Trading recommendations

    In the 4 hours chart, the technical picture favors a downward extension towards the level of 1.2200. The break of the last will open doors for more weakness towards 1.2150. Meanwhile we do not rule out a minor correction as the spot is heavily oversold. Buyers may lead the price to 1.2300 to ease some downward pressure.



    Yen

    General overview

    Japanese inflation rate and labor market supported the yen. The dollar declined on Friday amid profit taking after the recent rally.

    Current situation

    The pair remained in an uptrend on Friday. The US dollar traded around its recent highs. Buyers obviously took a pause allowing sellers to reverse some losses. The major slightly eased during the night trades. Sellers returned the currency pair to 114.00 where the major opened the European session. A fresh buying interest lifted the price to 114.50 in the noon. The 4 hours chart showed that the price continued developing well above the moving averages. The 50 and 100 EMAs maintained their bullish slope while the 200-EMA was neutral in the mentioned timeframe. The resistance is highlighted at 115.00, the support comes in at 114.00.

    MACD decreased which indicates the buyers’ positions weakening. RSI indicator was near overvalued territory.

    Trading recommendations

    The nearest target remains the resistance level of 115.00. Inability to post fresh highs may cause some profit taking towards 114.00.



    USD/CAD

    General overview

    The dollar slightly changed on Friday staying near seven-week highs against other majors. The increasing probability of the U.S. rate hike this month supported the dollar. The Janet Yellen’s testimony came into focus.

    Current situation

    The US dollar extended its winning steak on Friday. The major opened green and was able to post fresh highs at the European opening. After an Asian flat buyers became more active in the morning. They pushed the price higher and broke 1.3400. The USD/CAD pair maintained its bid tone afterwards conquering fresh highs. The price continued developing well above the moving averages in the 4 hours chart. The 50 and 100-EMAs crossed the 200-EMA upwards. The moving averages maintained their bullish slope in the same timeframe. The resistance is highlighted 1.3470, the support comes in at 1.3400.

    The MACD histogram grew which is a buy signal. RSI consolidated within positive territory.

    Trading recommendations

    If buyers remain in the driver’s seat the next level to focus on is 1.3470. Conversely, the US dollar may retreat to the 1.3330 region.



    XAU/USD

    General overview

    Gold prices continued falling amid the growing expectation of the US rate hike and the dollar's growth.

    Current situation

    The technical picture presented a slightly bearish ton on Friday. Gold opened in red and continued losing ground afterwards. Sellers tested 1230 in the late Asian session. The handle shortly slowed down sellers. However, the spot accelerated its losses during European morning trade. Sellers broke the level and reached 1225 dollars per ounce afterwards. According to 4 hours chart the price crossed the 50 and 100-EMAs downwards and touched the 200-EMA. The 50 and 100-EMA s turned lower while the 200-EMA was neutral in the same chart. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

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

    Trading recommendations

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



    Brent

    General Overview

    Oil prices slightly rose on Friday morning due to the dollar's retreatment. However, Brent further growth was limited on the news that Russian oil production for February did change comparing to January.

    Current situation

    Brent found a solid support after two day decline. The mark 55.00 stopped sellers rejecting prices upwards in the night session. The ongoing recovery could be attributed to some profit taking from bears following recent sell-off. The price was slowly recovering in the night and accelerated its growth in the morning. According to 4 hours chart the price continued developing well below the moving averages. The 50-EMA maintained its bearish slope while the 100 and 200 EMAs turned neutral in the same chart. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

    MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. The RSI indicator was near undervalued territory.

    Trading recommendations

    A recovery above the level of 55.50 will favor an advance up to the 56.50 region.



    DAX

    General overview

    European stocks opened in red amid the weak earnings reports including the one of the world's largest advertising holding WPP and a protective clothing manufacturer Berendsen.

    Current situation

    DAX gapped lower at the open. The price jumped to 12000 where it stayed in the morning. An upward impetus sent the price upward filling the gap in the late European session. According to 4 hours chart the price continued developing well above the moving averages. The moving averages pointed higher in the mentioned timeframe. The resistance exists at 12100, the support stands at 12000.

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

    Trading recommendations

    A sharp breakout below 12000 could spark a further decline towards 11950.



    S&P500

    General overview

    Wall Street was down at the open on Friday ahead of Fed Chair Janet Yellen's speech.

    Current situation

    S&P500 had a negative start to the day. The price opened around 2380 and headed lower. Sellers were driving the price lower the night and finally stopped at 2375 where the index stayed the first part of the day. The 4 hours chart showed that the index was above the moving averages which were all pointing higher. The resistance is at 2380, the support comes in at 2360.

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

    Trading recommendations

    A move below 2380 would revive bearishness towards 2360. However, we do not believe much in this scenario. The upward channel structure is still intact. The price was close to its lower boundary. That’s why we expect a rebound here and a return to 2400.




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


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    ValdisFFS

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

    Post  ValdisFFS on Mon Mar 06, 2017 6:17 pm

    "Fort Financial Services"- fundamental and technical analysis.

    07.03.2017

    Euro

    General overview

    The euro rose amid the US dollar retracement as investors were taking profit after last week rally. The US dollar strengthened amid the expectations of the rate hike on the Fed meeting on the 14-15 March. The presidential elections in France are still in focus.

    Current situation

    The pair remained in a descending channel on Monday. Inability to break below 1.0500 returned some buying interest pushing the spot higher. Moreover, a soft tone around the US dollar opened the doors for the current euro recovery. The single European currency rallied through several levels until it reached the upper limit of the range around 1.0650. The hurdle stopped bulls for now who seem to have started a consolidation phase. A wave of fresh selling pressure emerged in the late European session driving the major below 1.0600 to 1.0580. According to 4 hours chart the euro tested the 100-EMA in the first part of the day. The 50-EMA kept heading higher, the 100-EMA turned downwards while the 200-EMA remained mild bearish in the same timeframe. The resistance is at 1.0600, the support comes in at 1.0550.

    The histogram declined which is a sell signal. RSI oscillator stayed near overbought levels, favoring a move lower.

    Trading recommendations

    When we stay below the level 1.0600 the support 1.0550 will come back into play.



    Pound

    General overview

    The market was low volatile on Monday amid an empty macroeconomic calendar. However, the pound remained weak against the dollar following the investors' optimism of the rate hike at the March meeting.

    Current situation

    The pair presented a modest bearish tone on Monday. The pound was able to recover up to 1.2300 last week which appeared to be a tough nut to break. The level stopped bulls and after a night flat the cable came under renewed selling pressure during the European morning trade. Bears tightened their grip and pushed the price lower away from the 1.2300 resistance. The spot had reached 1.2250 by the NY opening. The 4 hours chart showed that the price continued developing well below its moving averages. The 50 and 100 EMAs maintained their bearish slope while the 200-EMA was neutral in the same chart. The resistance lies at 1.2300, the support comes in at 1.2200.

    MACD grew which indicates the sellers’ positions weakening. RSI indicator was near undervalued territory, favoring a new move lower.

    Trading recommendations

    We believe the pair will remain in red figures. All eyes are right now at the support level 1.2200.



    Yen

    General overview

    North Korea had set up rockets to the Japan’s Exclusive Economic Zone. This action hiked anxiety level in geopolitical environment making investors buy yen to escape the risk.

    Current situation

    The USD/JPY opened bearish on Monday. The pair headed lower in the Asian session and continued losing ground in the European morning. Sellers reached 113.80 first and after a brief pause continued moving the major lower and reached 113.60 in the late European session. The price remained above the moving averages in the 4 hours chart. The 100-EMA touched the 200-EMA and turned neutral. The 200-EMA also was neutral while the 50-EMA turned upwards in the mentioned timeframe. The resistance is highlighted at 114.00, the support comes in at 113.00.

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

    Trading recommendations

    The USD/JPY pair is likely to maintain its sell tone in the short term. The 113.50 area stopped sellers to move lower for now. A cut through the mark will turn attention to the 113.00 level.



    AUD/USD


    General overview

    According to the Australian Bureau of statistics, retail sales for January slightly grew. However, household spending growth increased concerns of the RBA. The Reserve Bank of Australia meeting minutes will be released on Tuesday. Analysts are expecting the regulator to leave the interest rate unchanged at 1.5%.

    Current situation

    After a sharp sell-off on Friday buyers found fresh strength to recover some gains on Monday. The 0.7550 handle stopped sellers' advance rejecting the spot afterwards. The AUD was recovering the whole night and extended its recovery in the European session. Buyers accelerated their advance in the morning and tested 0.7600 in the late European session. The pair lacked upward momentum in the noon
    and had to pause choosing the right direction. According to 4 hours chart the major stayed below the moving averages. The 50-EMA kept pointed lower, the 100-EMA and 200-EMAs turned neutral in the same timeframe. The resistance is highlighted 0.7600, the support comes in at 0.7550.

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

    Trading recommendations

    The AUD is likely to extend its weakness in the short-term. If the spot stays below 0.7600 the AUD/USD pair may extend its bearishness to 0.7550. Alternatively, the 0.7600 resistance will need to be retested for support before a price can rally towards 0.7650.



    XAU/USD

    General overview

    Gold prices traded in green on Monday amid the increased demand for risky assets following the news about the launch of four North Korean ballistic missiles.

    Current situation


    The gold recovery stalled around 1235 dollars per ounce on Monday. Buyers did not find any reason to move the price further. The precious metal was slowly declining the night and the morning and reached 1230 in the noon. The 4 hours chart showed that the price bounced off the 200-EMA upwards and then was sandwiched between this moving average and the 100-EMA. The moving averages were neutral in the same timeframe. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

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

    Trading recommendations

    A break below 1230 would open the way to 1220 dollars per ounce.



    Brent

    General Overview

    Investors' concerns about the economic growth in China weighed on crude oil futures on Monday. Traders are waiting for the Fed's rate hike next week, which pressuring oil futures amid the dollar growth. Traders are also awaiting weekly reports on US crude inventories on Tuesday and Wednesday.

    Current situation

    Brent opened red on Monday. Sellers were leading the benchmark downwards and managed to pierce 55.50 in the late Asian session. However, bears failed to reclaim the level and the price returned above the tested handle. The pressure remained intact afterwards holding the spot around the support level. The price tested the 200-EMA and bounced off downwards in the 4 hours timeframe. The 50-EMA touched the 100-EMA. The 50-EMA kept pointed lower while the 100-EMA and the 200-EMA were neutral in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD formed signal to rise. The RSI oscillator consolidated within neutral area.

    Trading recommendations

    We expect to see renewed bullish pressure in the upcoming sessions. The main buyers’ goal is the level at 56.50 dollars per barrel.



    DAX

    General overview

    European stocks fell on Monday following mining shares decline amid concerns on the China's economic growth weakening and the possible Fed rate hike.

    Current situation

    DAX gapped lower at the weekly open. The index jumped over 12000 and reached 11922 in the late European trades. The benchmark found fresh bids around the level lately the day and bounced off it. DAX returned to the opening prices afterwards and remained there the first part of the day. The 4 hours chart showed that the index tested the 50-EMA. The price was above the moving averages which were all pointing higher. The resistance exists at 12000, the support stands at 11900.

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

    Trading recommendations

    A move below 11900 will confirm the presence of sellers. DAX may ease further and reach 11850 afterwards.



    NASDAQ

    Current situation

    The overall picture remained unchanged on Monday. The benchmark stayed in a sideways channel trading in a tight range the first part of the day. The index gapped downwards and reached the lower limit of the range at the daily open. Sellers failed to extend their gains after the gap being only able to reach the mark 5347. The mark rejected NASDAQ upwards which returned to the opening prices in the European morning. According to 4 hours chart the benchmark tested the 50-EMA downwards and remained above the moving averages. The 50-EMA was neutral while the 100 and 200 EMAs maintained their bullish slope in the same timeframe. The resistance is at 5380, the support comes in at 5340.

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

    Trading recommendations

    A break below the level of 5340 might force the index to resume its downward trajectory towards 5300.



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

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    ValdisFFS

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

    Post  ValdisFFS on Tue Mar 07, 2017 5:42 pm

    "Fort Financial Services"- fundamental and technical analysis.

    08.03.2017

    Euro

    General overview

    The euro did not react to weak Factory Orders in Germany. Meanwhile, the single European currency remained under pressure amid uncertainty around the Presidential elections in France. The possible Fed rate hike weighed on the euro as well.

    Current situation

    The undertone for Euro was clearly negative on Tuesday. The price was slowly growing in the night session and accelerated its recovery in the morning. Buyers tested 1.0600 in the European morning and were struggling with the level afterwards. However, the upward impetus lost its strength in the late European session. The price pushed away from the level 1.0600 and headed lower erasing buyers’ night gains. The pair broke the 100-EMA downwards and tested the 50-EMA afterwards in the 4 hours chart. The 50 and 100 EMAs were neutral while the 200-EMA kept heading lower in the same timeframe. The resistance is at 1.0600, the support comes in at 1.0550.

    The MACD histogram declined which indicates buyers’ strength weakening. RSI moved south which confirms the current downward momentum.

    Trading recommendations

    We believe the EUR/USD pair will continue moving lower. A daily close below 1.0550 would risk 1.0500.



    Pound

    General overview

    The pound remained under pressure as the market was rather concerned about the USA plans to react to North Korean latest actions. Besides, traders waited for House of Lords final decision on Article 50.

    Current situation

    The pound remained under pressure due to the bid sentiment around the dollar. The overnight’s recovery attempt stalled around the 1.2250 mark. Bears regained control in the late Asian session and drove the major lower. European sellers continued to grind the spot towards 1.2200 and touched the level post London open. According to 4 hours chart the major was below the moving averages which were all pointing lower. The resistance lies at 1.2300, the support comes in at 1.2200.

    The MACD histogram decreased which is a sell signal. RSI indicator was near undervalued territory, favoring a new move lower.

    Trading recommendations

    The short term picture favors the downside. A close below 1.2200 will trigger losses towards 1.2100.



    Yen

    General overview

    The US dollar grew on strong hopes that the Fed will hike its rate this month. All eyes are on BoJ's GDP report which is expected with upbeat figures.

    Current situation

    The USD/JPY maintained its consolidation phase in the early trades on Tuesday. The major preserved its neutral-to-bearish stance and traded in a tight range fluctuating between 114.00 and 113.80. About of fresh buying interest emerged in the late European session. Buyers moved the price upwards and struggled with 114.00 level. The 4 hours chart showed that the spot remained above the moving averages. The 100-EMA crossed the 200-EMA upwards. The 50-EMA maintained its bullish slope while the 100 and 200 EMAs were neutral in the mentioned chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    The MACD histogram grew which is a buy signal. RSI was neutral to bullish.

    Trading recommendations

    Once we break above the 114.00 level, we think that the 115.00 level will be next.



    NZD/USD

    General overview

    Investors’ attention now turns to Global Dairy Trade (GDT) in London. Milk price is likely might decrease by 7%-9% which might affect the NZD as the national currency highly depend on the milk production.

    Current situation

    The market sentiment remained negative on Tuesday. The NZD opened on a stronger note around 0.6980. Buyers managed to lift the major to 0.7015 where the upward trajectory stalled. Sellers seized control and returned the Kiwi to the opening prices erasing all its early trades. The pair maintained its gloomy trend afterwards heading towards 0.6950. According to 4 hours chart the currency pair continued developing well below the moving averages which were all pointing lower. The resistance is highlighted 0.7000, the support comes in at 0.6950.

    MACD decreased which confirms the strength of sellers. RSI indicator was near undervalued territory, favoring a new move lower.

    Trading recommendations

    The NZD is likely to remain well offered in the short-term. A further extension to 0.6950 is not ruled out.



    XAU/USD

    General overview

    Growing confidence around Fed rate hike action kept weighing on the yellow metal holding the spot around three week lows.

    Current situation

    Gold maintained the ask tone on Tuesday. After a sharp sell-off on Monday sellers stepped away giving the way to buyers in the night session. However, the last did not hurry to take control preferring to wait for fresh market movers. Thus, the price was trading in a directionless mode around 1225 the first part of the day. Sellers returned in the noon and drove the precious metal towards 1220 dollars per ounce. The price broke the 200-EMA in the 4 hours chart. The 100 and 200 EMAs were neutral while the 50-EMA turned lower in the mentioned timeframe. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    MACD traded to the downside. The RSI indicator was holding near oversold levels.

    Trading recommendations

    After a daily close below 1220 dollars per ounce we could see the XAU/USD pair extending down to the 1210 region during the next sessions.



    Brent

    General Overview

    Brent traded flat on Tuesday as investors were assessing prospect of production cuts against the US drilling activity growth.

    Current situation

    Brent traded mixed the first part of the day. The bearish momentum persisted in the night. The price slightly eased during the Asian session. Bulls regained control in the morning and pushed the price higher. After posting a daily low at 55.74 the benchmark erased all its losses in the morning and reached 56.20 in the noon. The 4 hours chart showed that the black gold bounced off the 200-EMA upwards and tested the 50 and 100 EMAs. The 50-EMA crossed the 100-EMA downwards. The 50 and 100 EMAs were neutral while the 200-EMA turned upwards in the same chart. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. The RSI oscillator moved upwards.

    Trading recommendations

    A close above 56.50 will generate fresh bullish signal for further advance, which could extend to the level of 57.00 dollars per barrel.



    DAX

    General overview

    European stocks were mostly unchanged on Tuesday. The main point of focus this week is the ECB meeting on Thursday.

    Current situation

    DAX remained in an upward channel on Tuesday. Sellers led the price to its lower limit but failed to continue its advance afterwards. The price bounced off 11900 and reversed almost all early losses. The benchmark tried to extend the recovery in the morning on Tuesday but did not succeed staying around the opening prices the first part of the day. According to 4 hours chart the price tested the 50-EMA and hovered above it afterwards. The price continued developing well above the moving averages. The moving averages maintained their bullish slope in the mentioned timeframe. The resistance exists at 12000, the support stands at 11900.

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

    Trading recommendations

    After breaking 11950 the level of 11900 will come back to the radar.



    S&P500

    Current situation

    After a night sharp drop the index traded sideways during the European hours. The price was going up and down in a tight range fluctuating between 2370 and 2375. The price tested the 50-EMA but could not move lower in the 4 hours chart. S&P500 was above the moving averages which were all pointing higher in the same chart. The resistance is at 2380, the support comes in at 2360.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    A cut below the 2380 mark will aim sellers at the 2360 level.



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

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    ValdisFFS

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

    Post  ValdisFFS on Tue Mar 14, 2017 7:34 pm

    "Fort Financial Services"- fundamental and technical analysis.

    15.03.2017

    Euro

    General overview

    Consumer Price Index in Germany came in a line with forecasts. However, despite positive inflation data in Germany and other EU countries the ECB is unlikely to change its policy in the nearest future.

    Current situation

    The night recovery stalled above 1.0650. Sellers regained control in the morning. The major weakened and broke the level post London open. The pair extended its weakness afterwards heading towards 1.0630. According to 4 hours chart the price tested the 200-EMA. The 50-EMA crossed the 100-EMA upwards. The 50-EMA kept pointed higher while the 100-EMA and the 200-EMA were neutral in the same timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

    MACD traded to the downside. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    If the bearish tone persists we expect a breakout of the level 1.0600.



    Pound

    General overview

    The pound weakened after the Parliament decision to allow the UK PM Theresa May to trigger article 50. Some analytics expect Theresa May will officially announce about leaving the union on Wednesday during the Prime Minister question time in the House of Commons. Others believe she will wait for the EU Summit later this month.

    Current situation

    The GBPUSD opened in red on Tuesday. The pound started the day above 1.2200. Sellers returned the price to the level in the Asian session. A bout of fresh bearishness emerged in the morning. The spot broke the level and sharply dropped to 1.2100. Sellers failed to break the level at once and pulled back to gather some steam. The price broke the 50-EMA downwards and continued developing well below the moving averages in the 4 hours chart. The moving averages maintained their bearish slope in the mentioned timeframe. The resistance lies at 1.2200, the support comes in at 1.2100.

    The MACD histogram decreased which is a sell signal. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    The technical picture will remain bearish in the nearest time. A daily close below 1.2100 would risk 1.2000.



    Yen

    Current situation

    The USDJPY opened bullish on Tuesday. The pair started the day at 114.70. Buyers pushed the price upwards in the night. The price broke the hurdle post European open. However, the major failed to extend its bullishness afterwards. The 115.00 level appeared to be well protected by sellers. The US dollar found fresh offers around 115.00 and dropped to 114.80 ahead of NY opening. The price was above the moving averages which were all pointing higher in the 4 hours timeframe. The resistance is highlighted at 115.00, the support comes in at 114.00.

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

    Trading recommendations

    The overall outlook remains bullish, for a rise towards 116.00 resistance area.



    AUD/USD

    General overview

    The Aussie softened on Tuesday following National Australia Bank's Business Confidence survey. The survey disappointed investors and weighed on the national currency despite upbeat Chinese Industrial Production.

    Current situation


    Sellers continued to dominate on Tuesday. Bears pushed the AUD lower in the night. The currency pair touched 0.7550 post Asian open. The pair failed to retake the level in the Asian session and had to retreat. Sellers had another chance in the morning. They pushed the price lower and pierced the level in the early European trades. Sellers failed to break the level again and stayed around it till the NY opening. The spot remained under pressure due to the bid sentiment around the dollar during the NY session. The resistance is highlighted 0.7600, the support comes in at 0.7550.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    A close below 0.7550 will trigger losses towards 0.7500.



    XAU/USD

    Current situation

    Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200 and rallied towards 1205. The price was below the moving averages in the 4 hours timeframe. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned chart. The resistance is highlighted 1210, the support comes in at 1200 dollars per ounce.

    MACD grew which indicates the sellers’ positions weakening. The RSI indicator was holding near oversold levels.

    Trading recommendations

    After breaking 1205 the level 1210 will come back to the radar.



    Brent

    Current situation

    Brent oil prices tried to develop a correction on Tuesday. Buyers managed to lead the price to 51.50 over the night. The benchmark broke the level in the European session. However, oil prices failed to maintain their ask tone and turned bearish right after the level break. As the result the benchmark dropped to 50.50 dollars per barrel. According to 4 hours chart the benchmark continued developing well below the moving averages. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

    MACD grew which indicates the sellers’ positions weakening. The oscillator RSI remained within the oversold territory.

    Trading recommendations

    If the benchmark manages to stay around 50.50 the next target for the price is the support level of 49.50 dollars per barrel.



    DAX

    General overview


    European stocks moved lower on Tuesday amid the uncertainty around the Presidential elections in Netherlands. The upcoming Fed decision over the rate hike weighed on stocks as well.

    Current situation


    DAX turned bearish at open. The price pushed away from 12000 and edged lower towards 11900 in the late European session. The 4 hours chart showed that the price returned below the 50-EMA. The moving averages pointed higher in the mentioned timeframe. The resistance exists at 12000, the support stands at 11900.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over
    the market. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    If the price succeeds and fixes below the level of 12000, the market may fall towards 11900 and 11850.



    S&P500

    General overview


    Wall Street edged lower on Tuesday in the light of the FOMC two-day policy meeting.

    Current situation

    S&P500 was neutral during the night and morning trades. The benchmark was trading in a tight range of 30 pips around 2370. The index sharply dropped in the late European session and reached 2360. The price was sandwiched between the 50 and 100 EMAs in the 4 hours timeframe. The 50-EMA turned downwards while the 100 and 200 EMA maintained their bullish slope in the same chart. The resistance is at 2380, the support comes in at 2360.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    A clear break below 2360 would indicate that the bearish phase has resumed.




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


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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Tue Mar 14, 2017 7:34 pm

    "Fort Financial Services"- fundamental and technical analysis.

    15.03.2017

    Euro

    General overview

    Consumer Price Index in Germany came in a line with forecasts. However, despite positive inflation data in Germany and other EU countries the ECB is unlikely to change its policy in the nearest future.

    Current situation

    The night recovery stalled above 1.0650. Sellers regained control in the morning. The major weakened and broke the level post London open. The pair extended its weakness afterwards heading towards 1.0630. According to 4 hours chart the price tested the 200-EMA. The 50-EMA crossed the 100-EMA upwards. The 50-EMA kept pointed higher while the 100-EMA and the 200-EMA were neutral in the same timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

    MACD traded to the downside. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    If the bearish tone persists we expect a breakout of the level 1.0600.



    Pound

    General overview

    The pound weakened after the Parliament decision to allow the UK PM Theresa May to trigger article 50. Some analytics expect Theresa May will officially announce about leaving the union on Wednesday during the Prime Minister question time in the House of Commons. Others believe she will wait for the EU Summit later this month.

    Current situation

    The GBPUSD opened in red on Tuesday. The pound started the day above 1.2200. Sellers returned the price to the level in the Asian session. A bout of fresh bearishness emerged in the morning. The spot broke the level and sharply dropped to 1.2100. Sellers failed to break the level at once and pulled back to gather some steam. The price broke the 50-EMA downwards and continued developing well below the moving averages in the 4 hours chart. The moving averages maintained their bearish slope in the mentioned timeframe. The resistance lies at 1.2200, the support comes in at 1.2100.

    The MACD histogram decreased which is a sell signal. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    The technical picture will remain bearish in the nearest time. A daily close below 1.2100 would risk 1.2000.



    Yen

    Current situation

    The USDJPY opened bullish on Tuesday. The pair started the day at 114.70. Buyers pushed the price upwards in the night. The price broke the hurdle post European open. However, the major failed to extend its bullishness afterwards. The 115.00 level appeared to be well protected by sellers. The US dollar found fresh offers around 115.00 and dropped to 114.80 ahead of NY opening. The price was above the moving averages which were all pointing higher in the 4 hours timeframe. The resistance is highlighted at 115.00, the support comes in at 114.00.

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

    Trading recommendations

    The overall outlook remains bullish, for a rise towards 116.00 resistance area.



    AUD/USD

    General overview

    The Aussie softened on Tuesday following National Australia Bank's Business Confidence survey. The survey disappointed investors and weighed on the national currency despite upbeat Chinese Industrial Production.

    Current situation


    Sellers continued to dominate on Tuesday. Bears pushed the AUD lower in the night. The currency pair touched 0.7550 post Asian open. The pair failed to retake the level in the Asian session and had to retreat. Sellers had another chance in the morning. They pushed the price lower and pierced the level in the early European trades. Sellers failed to break the level again and stayed around it till the NY opening. The spot remained under pressure due to the bid sentiment around the dollar during the NY session. The resistance is highlighted 0.7600, the support comes in at 0.7550.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    A close below 0.7550 will trigger losses towards 0.7500.



    XAU/USD

    Current situation

    Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200 and rallied towards 1205. The price was below the moving averages in the 4 hours timeframe. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned chart. The resistance is highlighted 1210, the support comes in at 1200 dollars per ounce.

    MACD grew which indicates the sellers’ positions weakening. The RSI indicator was holding near oversold levels.

    Trading recommendations

    After breaking 1205 the level 1210 will come back to the radar.



    Brent

    Current situation

    Brent oil prices tried to develop a correction on Tuesday. Buyers managed to lead the price to 51.50 over the night. The benchmark broke the level in the European session. However, oil prices failed to maintain their ask tone and turned bearish right after the level break. As the result the benchmark dropped to 50.50 dollars per barrel. According to 4 hours chart the benchmark continued developing well below the moving averages. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

    MACD grew which indicates the sellers’ positions weakening. The oscillator RSI remained within the oversold territory.

    Trading recommendations

    If the benchmark manages to stay around 50.50 the next target for the price is the support level of 49.50 dollars per barrel.



    DAX

    General overview


    European stocks moved lower on Tuesday amid the uncertainty around the Presidential elections in Netherlands. The upcoming Fed decision over the rate hike weighed on stocks as well.

    Current situation


    DAX turned bearish at open. The price pushed away from 12000 and edged lower towards 11900 in the late European session. The 4 hours chart showed that the price returned below the 50-EMA. The moving averages pointed higher in the mentioned timeframe. The resistance exists at 12000, the support stands at 11900.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over
    the market. RSI advanced south which confirms the current downward movement.

    Trading recommendations

    If the price succeeds and fixes below the level of 12000, the market may fall towards 11900 and 11850.



    S&P500

    General overview


    Wall Street edged lower on Tuesday in the light of the FOMC two-day policy meeting.

    Current situation

    S&P500 was neutral during the night and morning trades. The benchmark was trading in a tight range of 30 pips around 2370. The index sharply dropped in the late European session and reached 2360. The price was sandwiched between the 50 and 100 EMAs in the 4 hours timeframe. The 50-EMA turned downwards while the 100 and 200 EMA maintained their bullish slope in the same chart. The resistance is at 2380, the support comes in at 2360.

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations

    A clear break below 2360 would indicate that the bearish phase has resumed.




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


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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Wed Mar 15, 2017 7:35 pm

    "Fort Financial Services"- fundamental and technical analysis.

    16.03.2017

    Euro

    General overview

    The euro weakened on Wednesday as investors the focus moved from the ECB and his plans to cut the QE program towards the election in Netherlands.

    Current situation

    Sellers found an obstacle at 1.0600. Buyers seem to have protected the level with fresh bids. The euro bounced off the support level in the Asian session. The rebound was still in force during the European hours. Buyers lifted the price to 1.0640 where the upward impetus slowed down. The 4 hours chart showed that the major broke the 200-EMA downwards and bounced off the 50-EMA afterwards. The 200 and 100 EMAs pointed lower while the 50-EMA moved upwards in the same timeframe. The resistance is at 1.0650, the support comes in at 1.0600.

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

    Trading recommendations

    We see two scenarios for today. Should the Fed hike the rate the market may start a new decline. Sellers will lead the single European currency to 1.0550 in this case. A break above the level 1.0650 my trigger another leg higher towards 1.0700.



    Pound

    General overview

    Sellers seemed to have been exhausted and allowed a brief phase of upside consolidation in GBP/USD. The pound found strength to recover after a long period of weakness amid ‘Hard Brexit’ concerns. The upbeat Unemployment Rate supported the national currency. However, the recovery was limited as the Average Earnings came in below expectations.

    Current situation

    The bullish views were popular the first part of the day. The pound was in the green zone the night and the morning. The price bounced from 1.2150 in the Asian session and rallied towards 1.2200. The spot pierced the level in the European morning but failed to regain the hurdle. Sellers regained control and returned the Cable to 1.2200. According to 4 hours chart the price tested the 50-EMA in the noon. The moving averages kept heading lower in the same chart. The resistance lies at 1.2300, the support comes in at 1.2200.

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

    Trading recommendations

    A sustained break above the 1.2300 region is seen as minimum requirement needed to confirm bullish resumption. Should sellers remain in a driver’s seat the GBP/USD will likely target the 1.2100 support level.



    Yen

    General overview

    The USD/JPY pair consolidated on Wednesday as investors awaited the outcome of FOMC meeting. Traders expected 25 bp rate hike. Traders also looked forward to the BoJ meeting results and its decision regarding the rate. However, no one expected any surprise from this part.

    Current situation

    The overnight’s recovery attempt stalled just under the 115.00 barrier. Buyers’ inability to move higher returned control over the market to sellers. As a result the US dollar eased and erased all its recent gains in the European session. However, the overall picture remained unchanged. The USD/JPY pair was in a flat between 115.00 and 114.50. The spot continued developing above the moving averages in the 4 hours timeframe. The 50 and 100 EMAs pointed higher while the 200-EMA was neutral in the same timeframe. The resistance is highlighted at 115.00, the support comes in at 114.00.

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

    Trading recommendations

    Markets eagerly awaited the Fed meeting results due later in the American morning. If the regulator changes the rates the US dollar will revive with its bullishness sending the market upwards. A close above 115.00 will generate fresh bullish signal for further advance, which could extend to the 116.00 mark. On the other hand, unchanged rates will disappoint investors who may push the greenback to 113.00.



    NZD/USD

    General overview

    Current Account data supported the NZD on Wednesday. Besides, the US dollar retracement ahead of the Fed rate announcement gave additional upward impetus to the kiwi.

    Current situation


    The NZD/USD pair traded in a sideways on Wednesday morning. The price has been moving back and forth between the channel bands since last week. The currency pair remained sandwiched between 0.6950 and 0.6900 during the day. The major bounced off the lower limit of the band in the Asian session and moved higher during the course of the night trades. The spot remained below the moving averages which were all pointing lower in the mentioned chart. The resistance is highlighted 0.6950, the support comes in at 0.6900.

    MACD formed a signal to rise. The RSI oscillator consolidated within neutral territory.

    Trading recommendations

    The immediate focus now remains on the Fed rate decision. In order to recover some strength, NZD/USD needs to rise back and hold above 0.6950. Conversely, a clear break below 0.6900 would indicate that the bearish phase has resumed.



    XAU/USD


    General overview

    The yellow metal received a minor support from a weaker US dollar on Wednesday.

    Current situation

    The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures turned around and slightly eased in the morning. The metal weakened more during the European hours and touched 1200 ahead of the NY opening. According to 4 hours chart the price continued developing well below the moving averages. The 50 and 100 EMAs maintained their bearish slope while the 200-EMA was neutral in the same chart. The resistance is highlighted 1210, the support comes in at 1200 dollars per ounce.

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

    Trading recommendations

    If bulls retain control the price may recover above the 1210 area. The 1200 level loss is needed daily bears for extension towards next strong support at 1190 dollars per ounce.



    Brent

    General Overview

    The unexpected draw in the US oil stocks saved buyers from further losses. OPEC compliance with agreed production cuts supported crude oil as well.

    Current situation

    Brent oil prices were calm on Wednesday after Tuesday’s rally. The price stayed in a tight range between 51.50 and 51.70 the first part of the day. The benchmark remained below the moving averages which were all pointing lower in the 4 hours timeframe. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

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

    Trading recommendations

    We cannot rule out the chance that the price would not try to get to the level at 52.50. A move below 51.50 would revive bearishness towards 50.50 dollars per barrel.



    DAX

    General overview

    European stocks were neutral on Wednesday as traders preferred wait-and-see mode ahead of the Fed meeting.

    Current situation

    DAX opened on a positive note. Buyers tried to break above 12000 but failed. A fresh selling interest returned the index below the level to the opening prices. The price bounced off the 50-EMA upwards in the 4 hours chart. The 50, 100 and 200 EMAs kept heading higher in the same timeframe. The resistance exists at 12100, the support stands at 12000.

    MACD indicator was at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. The RSI oscillator moved upwards.

    Trading recommendations

    Should buyers break above the current resistance our profit target will become 12100.



    NASDAQ

    General overview

    The US futures opened in the green as traders were positive about the Fed decision regarding the rates.

    Current situation

    NASDAQ managed to reverse its recent losses in the night and grew to 5395 where an upward momentum lost its strength. The index slightly softened during the European hours. The price tested the 50-EMA and bounced of upwards in the 4 hours timeframe. The moving averages kept heading higher in the mentioned chart. The resistance is at 5420, the support comes in at 5380.

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

    Trading recommendations

    We maintain our positive outlook. The main goal remains the level 5420.




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Sun Mar 19, 2017 5:24 pm

    "Fort Financial Services"- fundamental and technical analysis.

    20.03.2017

    Euro

    General overview

    Trade Balance in Italy in the Euroland came in negative on Friday. Meanwhile, the sentiment around the US dollar continued to play a major driver across the markets. The greenback remained around its lows after less hawkish than expected Yellen's remarks.

    Current situation

    The euro spiked on Thursday in the late NY session. Buyers pushed the price upwards and broke 1.0750 in the night. Bulls advanced up to 1.0770 later the night where they stopped. The spot spent the night and the morning in a tight range hovering above 1.0750. The neutral stance remained unchanged during the day trades. The 4 hours chart showed that the price continued developing well above the moving averages. The 50-EMA crossed the 200-EMA upwards. The 50 and 100 EMAs kept heading higher while the 200-EMA was neutral in the mentioned timeframe. The resistance is at 1.0800, the support comes in at 1.0750.

    The MACD histogram grew which is a buy signal. RSI consolidated within positive territory.

    Trading recommendations


    The overall outlook remains bullish, for rise towards 1.0800 resistance area. However, we do not exclude a recovery pull back to 1.0720-1.0700.



    Pound

    Current situation

    The upside bias persisted on Friday. Buyers took a pause in the night. The night correction was just a profit taking action from buyers who loosened their grip for a while. Bulls returned in the morning and pushed the major to the 1.2400 level which stopped their advance. The price crossed the 100-EMA upwards and stayed below the 200-EMA in the 4 hours chart. The 100 and 200 EMAs maintained their bearish slope while the 50-EMA turned upwards in the mentioned chart. The resistance lies at 1.2400, the support comes in at 1.2300.

    The MACD histogram grew which is a buy signal. RSI consolidated within positive territory.

    Trading recommendations

    If the currency pair manages to make a breakout of the 1.2400 level the next target for this spot is the resistance level of 1.2500. However, in view of the overbought conditions a move above 1.2400 seems unlikely. In this potential scenario the GBP/USD pair may return to 1.2300.



    Yen

    Current situation

    The US dollar struggled to build on overnight recovery. Buyers tried hard to push the price higher but failed. The pair remained in a consolidation hovering above 113.00. Selling interest emerged in the morning. Traders pushed the price lower and erased all buyers' night gains. The major tested the 200-EMA in the 4 hours timeframe. The 100 and 200 EMAs were neutral while the 50-EMA pointed lower in the same chart. The resistance is highlighted at 114.00, the support comes in at 113.00.

    MACD remained at the same level which confirms the strength of sellers. The RSI indicator remained within oversold readings.

    Trading recommendations

    The USD/JPY pair may face further downside pressure in the short-term. When we break the level 113.00 the support 112.00 may come back into play.



    AUD/USD

    General overview

    The Australian calendar was empty on Friday. Investors eagerly await for RBA minutes on Tuesday.

    Current situation

    The offered tone around the US dollar helped the AUD to strengthen. Buyers met a barrier at 0.7700 and had to give up their gains. The major bounced off and stopped above 0.7660. A bout of fresh buying pressure emerged in the Asian session on Friday. Buyers returned the AUD/USD pair to 0.7700 erasing all recent losses. According to 4 hours chart the price continued developing well above the moving averages. The 50 and 200 EMAs pointed higher while the 100-EMA was neutral in the same timeframe. The resistance is highlighted 0.7700, the support comes in at 0.7650.

    MACD remained at the same level which confirms the strength of buyers. The RSI indicator is near overvalued territory, favoring a new move lower.

    Trading recommendations

    Once we break above the 0.7700 level, we think that the 0.7750 level will be next. Inability to post fresh gains may lead to some profit taking. The Aussie may weaken to 0.7600-0.7620.



    XAU/USD

    General overview

    Gold prices remained in the green. The precious metal is in demand in the light of political risks such as Trump’s presidency, Brexit and elections in Europe.

    Current situation

    Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs. The 100-EMA crossed the 200-EMA downwards. The 50 and 100 EMAs were neutral while the 200-EMA kept pointed higher in the same chart. The resistance is highlighted 1230, the support comes in at 1220 dollars per ounce.

    The MACD histogram grew which indicates buyers’ strength. RSI consolidated within positive territory.

    Trading recommendations

    We still hold the view that gold prices will struggle to climb north to 1230 dollars per ounce.



    Brent

    General Overview

    Oil prices were stable ahead of rig count number report on Friday.

    Current situation

    After a sharp less-off on Thursday Brent was trying to build a recovery on Friday. The price spent the night around 51.50 and pushed away from the handle in the European morning. Buyers kept pushing the benchmark upwards during the morning and reached 52.00 in the noon. The price continued developing well below the moving averages which were all pointing lower in the 4 hours chart. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

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

    Trading recommendations

    A move above 52.50 dollars per barrel would indicate that immediate downward pressure eased. Should Brent oil prices recover ground and advance beyond the mentioned 52.50 level, the rally can extend in the short term up to 53.50.



    DAX

    General overview

    European stocks traded mixed on Friday as investors were focused on G-20 meeting. Meanwhile, the financial stocks while mining sector was on the downside.

    Current situation

    DAX gapped lower at the open. The index maintained its ask tone a few hours after the gap. DAX almost reached 12000 when the benchmark reversed its direction. The index rallied and reached 12100 in the late European session. The price was above the moving averages in the 4 hours chart. The 100 and 200 EMAs kept heading higher while the 50-EMA was neutral in the mentioned timeframe. The resistance exists at 12100, the support stands at 12000.

    MACD decreased which indicates the buyers’ positions weakening. RSI rebounded from the overbought readings.

    Trading recommendations

    The index now has the potential to post more gains. Our profit targets will be 12100 and 12200.



    NASDAQ

    Current situation

    NASDAQ opened on a positive note on Friday. The buyers managed to lead the price from 5420 to 5440 where the upward impetus lost strength. The benchmark eased a bit and returned to 5420 ahead of the NY session opening. According to 4 hours chart the price continued developing well above the moving averages which were all pointing higher. The resistance is at 5460, the support comes in at 5420.

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

    Trading recommendations

    Bulls keep focus at the resistance level of 5460.



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

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    ValdisFFS

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

    Post  ValdisFFS on Mon Mar 20, 2017 4:20 pm

    "Fort Financial Services"- fundamental and technical analysis.

    21.03.2017

    Euro

    General overview

    The euro ignored positive Producer Price Index in Germany. The single currency weakened amid the US dollar recovery on Monday. The market is focused on the Presidential debates in France. Weidmann's speech (German Bundesbank President) will attract investors’ attention as well.

    Current situation

    The EUR/USD remained in bulls' hands on Monday. Buyers broke the level 1.0750 in the night and stopped after reaching 1.0777. The majors stayed neutral to negative flirting with 1.0750 during the European hours. The euro slightly weakened ahead of NY opening. The price was above the moving averages in the 4 hours timeframe. The 50 and 100 EMAs kept heading higher while the 200-EMA was neutral in the same chart. The resistance is at 1.0800, the support comes in at 1.0750.

    MACD remained at the same level which confirms the strength of buyers. RSI oscillator stayed near overbought levels, favoring a move lower.

    Trading recommendations

    The EUR/USD pair stays in a short-term upward channel. Buyers pushed the price to its upper limit the other day. In view of the overbought conditions a move towards the lower limit at 1.0700 is a possible scenario now.



    Pound

    General overview

    The pound took advantage of a broad based US dollar weakness and extended its winning steak on Monday. Investors waited for Haldane’s speech later the day on Monday and UK’s Consumer Price Index on Tuesday hoping to get some fresh drivers.

    Current situation


    The GBP/USD pair maintained its bid tone on Monday. Buyers pushed the price higher in the night session and hit fresh monthly highs above 1.2400. The major gave up its fresh gains in the noon. The currency pair weakened and returned below 1.2400 ahead of the NY opening. The pair bounced off the 200-EMA upwards in the 4 hours chart. The 100 and 200 EMAs maintained their bearish slope while the 50-EMA pointed higher in the mentioned timeframe. The resistance lies at 1.2400, the support comes in at 1.2300.

    The MACD indicator continued consolidating within overbought levels. RSI consolidated within positive territory.

    Trading recommendations

    The overall picture is bullish. However, the major is overbought. As the most probable scenario, we consider a move downwards towards 1.2350. The spot will continue moving higher if the cable remains above 1.2400.



    Yen

    General overview

    Japanese markets were closed amid a public holiday - Vernal Equinox Day.

    Current situation

    The pair preserved its undertone on Monday. The currency pair remained in a downward channel. The spot found some support close to its lower limit in the Asian session. The pair bounced off 112.50 and reversed some losses in the morning. The major maintained its bid tone afterwards and approached 113.00 ahead of the NA opening. According to 4 hours chart the price continued developing well below the moving averages. The 50-EMA kept heading lower while the 100 and 200 EMAs were neutral in the same timeframe. The resistance is highlighted at 113.00, the support comes in at 112.00.

    MACD grew which indicates the sellers’ positions weakening. The RSI indicator held within oversold readings, and headed now north.

    Trading recommendations

    In order to recover some strength, USD/JPY needs to rise back and hold above 113.00. However, we see little potential for a USD/JPY rally and expect a fresh selling pressure in the short term.



    NZD/USD

    General overview

    The NZD/USD pair extended its gains on Monday following Westpac consumer survey. Even though the index came in a bit lower than expected investors remained positive.

    Current situation

    The kiwi opened on a stronger note on Monday. The price was growing the whole night and pierced the level 0.7050 in the morning. However, a further upside appeared to lack momentum. The major reversed its direction and returned below 0.7050 in the noon. The NZD extended its weakness afterwards advancing towards 0.7000. The 4 hours chart showed that the NZD/USD pair broke the 100-EMA upwards. The 100 and 200 EMAs kept heading lower while the 50-EMA turned neutral in the same timeframe. The resistance is highlighted 0.7050, the support comes in at 0.7000.

    The MACD histogram grew which indicates buyers’ strength. The RSI indicator lost upward strength and moved downwards.

    Trading recommendations

    A move below 0.7000 would revive bearishness towards 0.6950.



    XAU/USD

    General overview

    Gold prices remained strong vs. the US dollar after less hawkish than expected Yellen’s remarks. Trump’s speech came in the first place on Monday afternoon.

    Current situation

    Gold prices remained in the green zone on Monday. Bulls broke 1230 in the Asian session and climbed to 1235 where they lost steam in the European morning. The pair hovered above the level till the NY session opening. According to 4 hours chart the spot bounced off the 100 and 200-EMAs upwards. The 100-EMA crossed the 200-EMA downwards. The 50 and 200 EMAs pointed higher while the 100-EMA turned downwards in the same chart. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.

    The MACD indicator continued consolidating within overbought levels. The RSI indicator remained within positive territory.

    Trading recommendations

    A pullback or consolidation is expected in the market in the near term. Below 1230, XAU/USD will likely target 1220 support.



    Brent

    General Overview

    A growing US drilling activity kept on weighing on oil prices. The growing activity reduces impact of the OPEC and non-OPEC countries agreement to cut production.

    Current situation

    Brent oil prices gapped downwards at the daily open. The price jumped from 51.58 to 51.50 dollars per barrel. Brent remained neutral the whole night staying around the tested handle. Black gold extended its weakness in the European session when sellers pushed the price to 51.00. The benchmark was below the moving averages which were all pointing lower in the 4 hours chart. The resistance lies at 51.50, the support comes in at 50.50 dollars per barrel.

    The MACD histogram decreased which is a sell signal. RSI remained within neutral territory.

    Trading recommendations

    Brent may continue to trade in negative ground in the short-term. A breakout of 50.50 would aim sellers for 49.50 dollars per barrel.



    DAX

    General overview

    European stocks moved lower on Monday following oil prices decline and downbeat data from banking stocks.

    Current situation

    DAX opened lower on Monday. The price pushed away from 12100 at the open and posted a session low at 12030. The downward momentum faded right after that, bulls regained control and erased all bears' gains. The benchmark returned to the opening prices in the noon on Monday. The 4 hours chart showed that DAX remained above the moving averages which were all pointing higher. The resistance exists at 12100, the support stands at 12000.

    MACD was at the same level which confirms the strength of buyers. RSI oscillator stayed near overbought levels, favoring a new move higher.

    Trading recommendations

    DAX is still in an upward channel. The upward trend line is around 12000. A break below the handle will soften an upward pressure. Sellers may reach 11900 in this case. A rebound here will return bullishness in its place. Buyers might want to reverse losses pushing the price to 12200.



    S&P500

    Current situation

    Bears had a ball on Monday. The offered tone around S&P500 pushed the index lower. Traders moved away from 2380 and reached 2370 in the night. After reaching 2370 the index stopped and spent European trades in a narrow range around the mentioned mark. The price stayed around the 50 and 100 EMAs in the 4 hours timeframe. 50-EMA crossed the 100-EMA downwards. 50, 100 and 200 EMAs maintained their bullish slope in the mentioned chart. The resistance is at 2380, the support comes in at 2360.

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

    Trading recommendations

    We await a break below 2370 to trigger another leg lower towards 2360.




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Tue Mar 21, 2017 7:23 pm

    "Fort Financial Services"- fundamental and technical analysis.

    22.03.2017

    Euro

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Pound

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Yen

    Current situation

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

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

    Trading recommendations

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



    USD/CAD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    XAU/USD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Brent

    General Overview

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

    Current situation

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

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

    Trading recommendations

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



    DAX

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    NASDAQ

    General overview

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

    Current situation

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

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

    Trading recommendations

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




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

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    ValdisFFS

    Posts : 547
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    Re: "Fort Financial Services"- fundamental and technical analysis

    Post  ValdisFFS on Thu Mar 23, 2017 7:13 pm


    "Fort Financial Services"- fundamental and technical analysis.

    24.03.2017

    Euro

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Pound

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Yen

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    NZD/USD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    XAU/USD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Brent

    General Overview

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

    Current situation

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

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

    Trading recommendations

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



    DAX

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    NASDAQ

    General overview

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

    Current situation

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

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

    Trading recommendations

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




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

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    ValdisFFS

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

    Post  ValdisFFS on Sun Mar 26, 2017 6:55 pm

    "Fort Financial Services"- fundamental and technical analysis.

    27.03.2017

    Euro

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Pound

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Yen

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    USD/CAD

    General overview

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

    Current situation

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

    MACD indicator was at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

    Trading recommendations


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



    XAU/USD

    Current situation

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

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

    Trading recommendations

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



    Brent

    General Overview

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

    Current situation

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

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

    Trading recommendations

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



    DAX

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    S&P500

    Current situation

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

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

    Trading recommendations

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




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

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    ValdisFFS

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

    Post  ValdisFFS on Mon Mar 27, 2017 6:38 pm

    "Fort Financial Services"- fundamental and technical analysis.

    28.03.2017

    Euro

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Pound

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Yen

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    AUD/USD

    Current situation

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

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

    Trading recommendations

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



    XAU/USD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Brent

    General Overview

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

    Current situation

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

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

    Trading recommendations

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



    DAX

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    NASDAQ

    General overview

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

    Current situation

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

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

    Trading recommendations

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




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

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    ValdisFFS

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

    Post  ValdisFFS on Wed Mar 29, 2017 6:07 pm

    "Fort Financial Services"- fundamental and technical analysis.

    30.03.2017

    Euro

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Pound

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Yen

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    USD/CAD

    Current situation

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

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

    Trading recommendations

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



    XAU/USD

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    Brent

    General Overview

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

    Current situation

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

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

    Trading recommendations

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



    DAX

    General overview

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

    Current situation

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

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

    Trading recommendations

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



    NASDAQ

    Current situation

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

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

    Trading recommendations

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



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


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