"Fort Financial Services"- fundamental and technical analysis

"Fort Financial Services"- fundamental and technical analysis.

31.03.2017

Euro

General overview

The US dollar reached its 9 day high against its main peers after supportive Fed officials’ remarks. Besides, the single European currency eased after the news that the ECB did not plan to change its policy in the nearest future.

Current situation

After the Asian flat the euro returned under pressure in the morning. Sellers moved the major lower and broke 1.0750 post-European open. After breaking the level the price advanced towards 1.0725 where the major spent the whole day. The spot tested the 100-EMA 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 is at 1.0750, the support comes in at 1.0700.

MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI indicator was near undervalued territory, favoring a new move lower.

Trading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.0700.



Pound

General overview

The pound stayed apathetic to the official triggering of the Article 50 on Wednesday. The UK calendar was thin and uneventful on Thursday. Traders expected GDP which was expected to remain unchanged.

Current situation

The night recovery lost steam at 1.2450. The pound came under fresh selling pressure during the morning hours. Sellers returned the pair to 1.2400 post London open but failed to reclaim the level. The spot extended its consolidative phase in the second part of the day. The pair GBP/USD was sandwiched between the 50 and 200 EMAs in the 4 hours timeframe. The 50 and 100 EMAs pointed higher while the 200-EMA turned downwards 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. The RSI indicator was holding near oversold levels, favoring a new move lower.

Trading recommendations

A move below 1.2400 would revive bearishness towards 1.2300.



Yen

General overview

The yen weakened after BOJ deputy governor Iwata' comments that the regulator will continue its monetary easing until 2% inflation is reached.

Current situation

The US dollar failed to build a recovery in the Asian session. The buying interest disappeared around 111.40. The mark appeared to be a pivot point where the pair reversed its direction. The major edged lower in the mid-Asian session. The USD/JPY pair accelerated its decline in the morning and tested 111.00. The level appeared to be unbreakable barrier which stopped sellers’ advance. The 4 hours chart showed that the spot tested the 50-EMA and bounced off downwards after that. The price stayed below the moving averages which were all pointing lower in the mentioned timeframe. The resistance is highlighted at 112.00, the support comes in at 111.00.

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 indicator lost upward strength and moved downwards.

Trading recommendations

We still hold the view that the USD/JPY will struggle to climb north of 112.00.



AUD/USD


Current situation

The AUD had a negative start to the day. The major turned bearish from the opening of the night session. The price remained offered during the night trades and reached 0.7650 in the morning. The level stopped sellers who stepped back but remained around the handle. Buyers regained control in the second part of the European session. They pushed the AUD higher and reversed all night losses. According to 4 hours chart the pair broke the 50-EMA upwards. The 50-EMA kept heading lower, the 100-EMA pointed higher while the 200-EMA was neutral in the same chart. The resistance is highlighted 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. RSI advanced south which confirms the current downward movement.

Trading recommendations

After a close below the support at 0.7650 we could see AUD/USD extending its declines down to 0.7600. Alternatively, the pair will climb to 0.7685.



XAU/USD

Current situation

Gold prices remained in a consolidation phase on Thursday. Sellers led the spot to 1250 the other day but failed to break below the level. The price remained sandwiched between 1250 - 1255, moving up and down between the bands the whole day. The 4 hours chart showed that the spot was above the moving averages which were all pointing higher. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

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

Trading recommendations

The price eyes strong support at 1240 dollars per ounce loss of which would trigger further weakness.



Brent

General Overview

Oil prices maintained its bid tone amid problems with Libyan output. However, high U.S. crude stocks inventories limit their growth.

Current situation

Brent oil prices extended their winning streak on Wednesday and reached the level 52.50 at the daily open. The bid tone lost its strength afterwards and the benchmark slightly eased on profit-taking. According to 4 hours chart the price broke the 100-EMA upwards. The 50-EMA pointed higher while the 100 and 200 EMAs maintained their bearish slope in the mentioned timeframe. The resistance lies at 52.50, the support comes in at 51.50 dollars per barrel.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator was near overvalued territory, favoring a new move lower.

Trading recommendations

The overall outlook remains bullish, for a rise above the level of 52.50. Buyers aim at 53.50 dollars per barrel.



DAX

General overview

European stocks were neutral on Thursday as investors were digesting the official Brexit start.

Current situation

After breaking above 12200 buyers failed to advance further. The index remained contained within a 12200 - 12250 range during the day sessions. The 4 hours chart showed that the benchmark was above the moving averages which were all pointing higher. The resistance exists at 12300, the support stands at 12200.

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

Trading recommendations

We await a break above the current range to trigger another leg higher. Our profit target is 12300.



S&P500

General overview

Wall Street held still at the open awaiting from the Fed more signals regarding its rate hike timing.

Current situation

Buyers met a barrier at 2360 in the Asian session. As a result the price had to pull back. S&P500 moved away from the resistance and stopped its decline at 2353. The benchmark was holding around the 100 and 200 EMAs in the 4 hours timeframe. The 100-EMA tested the 200-EMA. The 50 and 100 EMAs maintained their bearish slope while the 200-EMA kept heading higher in the mentioned chart. The resistance is at 2360, the support comes in at 2340.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator was near overvalued territory, favoring a new move lower.

Trading recommendations

The market may start a new descending correction if buyers fail to retake 2360. Sellers may drive S&P500 to 2340. A move above the level may spark a further growth towards 2370.




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

"Fort Financial Services"- fundamental and technical analysis.

05.04.2017

Euro

General overview

The euro got a minor support from strong Producer Price Index in the Eurozone.

Current situation

The overall picture remained negative on Tuesday. The euro maintained its neutral stance in the first part of Tuesday. The major traded in a narrow channel between 1.0650 - 1.0675. The downward pressure intensified at the noon. Sellers made an attempt to break below the handle but failed. The spot tried to break the 200-EMA in the morning but failed and stayed around it in the 4 hours chart. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned timeframe. The resistance is at 1.0700, the support comes in at 1.0650.

The MACD histogram decreased which is a sell signal. RSI headed downwards which confirms the strength of sellers.

Trading recommendations

The EUR/USD has a moderate bearish potential. A move below 1.0650 would revive bearishness towards 1.0600.



Pound

General overview

The pound weakened following a weaker-than-expected UK's PMI Construction.

Current situation

After Monday’s sell-off the pound made an attempt to recover in the night. Buyers returned the price to 1.2500 where the major ran through fresh offers. The pair got under selling pressure in the mid-Asian session. The spot was weakening the whole night afterwards and approached 1.2400 in the morning. The downward pressure faded around the level and the major was able to reverse some losses. The 4 hours timeframe showed that the spot bounced off the 50-EMA downwards in the Asian session and tested the 100-EMA in the morning. The 100-EMA crossed the 200-EMA and continued upward movement. The 50-EMA turned lower while the 200-EMA was neutral in the same chart. The resistance lies at 1.2500, the support comes in at 1.2400.

MACD decreased which indicates the buyers’ positions weakening. RSI advanced south which confirms the current downward movement.

Trading recommendations

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



Yen

General overview

The US dollar weakened vs. the yen amid risk-off sentiment in markets. Meanwhile, investors are waiting for the Fed’s minutes to get more hints about the next rate hike action.

Current situation

The bearish momentum persisted on Tuesday. The US dollar remained well offered while the yen was in demand amid risk-off sentiment. The USD kept losing ground the whole night and morning. Sellers stopped only at 100.34 at the noon. According to 4 hours chart the price broke the 50-EMA and continued developing below the moving averages afterwards. The 50, 100 and 200 EMAs kept heading lower in the mentioned chart. The resistance is highlighted at 111.00, the support comes in at 110.00.

MACD entered the negative area. If MACD remains within the negative territory, sellers’ positions will strengthen. RSI indicator was near undervalued territory, favoring a new move higher.

Trading recommendations

A pullback is expected in the market in the short term. While to the upside, the 111.00 resistance will need to be retaken for support before a price can rally towards 112.00. Nevertheless, we are still bearish. The major seems to be heading back to 4-month lows touched last week.



AUD/USD

General overview

As expected the RBA left its rate unchanged on Tuesday. The Aussie weakened after that amid a weak labor and inflation data.

Current situation

The selling pressure around the Aussie remained intact on Tuesday. As a result, the spot dropped to fresh multi-week lows yesterday. The price pushed away from 0.7600 at the daily open. The AUD continued to trade in negative ground the whole night and reached the 0.7550 region in the morning. The selling pressure eased around the handle and the major tried to develop a consolidation. The pair AUD/USD continued developing well below the moving averages in the 4 hours chart. The 50-EMA crossed the 100 and 200 EMAs downwards while the 100-EMA crossed the 200-EMA upwards. The 100-EMA turned neutral while the 50 and 200 EMAs kept heading lower in the same timeframe. The resistance is highlighted 0.7600, the support comes in at 0.7550.

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

Trading recommendations

The pair stopped around 0.7550, and seems poised to extend its decline. Below 0.7550, AUD/USD will likely target at the 0.7500 support.



XAU/USD

General overview

Gold prices strengthened amid risk-off sentiment. The US Trade Balance was in focus on Tuesday. Moreover, investors are waiting for the meeting between Trump and Xi Jinping.

Current situation

The risk-off sentiment allowed gold prices to extend their vertical rise. The XAU/USD pair started the day above 1250 and advanced up to 1260 dollars per ounce during the Asian trades. The spot reached the resistance in the morning. Buyers failed to regain the level and had to take a retreat staying around the level afterwards. According to 4 hours chart the gold prices broke the 50-EMA upwards and continued developing well above the moving averages. The 50, 100 and 200 EMAs pointed higher in the same chart. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

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

The current hurdle rejected the precious metal several times. That’s why we remain cautious until we see a clear break above the level. After a daily close above 1260 dollars per ounce we could see the spot extending upwards to the 1270 region during the next sessions. Otherwise, we will see a correction back to 1240 dollars per ounce.



Brent

General Overview

Oil prices weakened in the light of the US dollar strengthening. Besides, the markets are still concerned over a global supply glut amid growing Libyan production and the US drilling activity.

Current situation

The positive mood seems to be over. Buyers met unbreakable barrier at 53.50 dollars per barrel and retreated from it. After a failure to break the level the benchmark moved lower. Brent oil prices spent the night in a flat and eased further towards 52.50 in the morning. However, a fresh bout of buying interest emerged in the late European session. Oil prices spiked upwards and touched 53.50 ahead of the NY opening. The 4 hours chart showed that Brent oil prices tested the 200-EMA and bounced off downwards on Monday. The 50-EMA crossed the 100-EMA upwards. The 50-EMA kept heading higher, the 100-EMA was neutral while the 200-EMA maintained its bearish slope in the same timeframe. The resistance lies at 53.50, the support comes in at 52.50 dollars per barrel.

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

Trading recommendations

The price eyes strong support at 52.50 dollars per barrel loss of which would trigger further weakness towards 51.50.



DAX

General overview

European stocks traded lower following a decline in oil prices.

Current situation

The price remained in an upward channel. However, DAX turned bearish right after its opening. Sellers pushed the price to the lower limit of the channel at 12200 in the morning. The benchmark failed to advance beyond the line and remained above the level afterwards. According to 4 hours chart the index was above the moving averages which were all pointing higher. The resistance exists at 12300, the support stands at 12200.

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

Trading recommendations

DAX seems to be poised to extend its weakness. The main sellers’ goal is the level at 12200.



NASDAQ

General overview

The US stocks remained under pressure ahead of Trade balance release. Investors keep looking forward to the meeting between Chinese President Xi Jinping and U.S. President Donald Trump.

Current situation

NASDAQ extended its range bound trades on Tuesday. The price stayed between 5420 and 5445 the whole day. There is a fight between buyers and sellers. As we see sellers are winning as the price tends to go lower. We do not believe sellers will return control for a long period. However, we do not rule out a correction in the coming sessions. The price remained above the moving averages which were all pointing higher in the 4 hours timeframe. The 50-EMA bounced off the 100-EMA upwards in the same chart. The resistance is at 5460, the support comes in at 5420.

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

Trading recommendations

A move below 5420 will signal the presence of sellers who might want to push the benchmark to 5380.




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

"Fort Financial Services"- fundamental and technical analysis.

06.04.2017

Euro

General overview

Weak PMIs in the Eurozone weighed on the single European currency on Wednesday. The pair focused on ADP release and Fed minutes due to later the day.

Current situation

The euro was neutral the first part of the day. The price traded in a familiar range staying between 1.0650 and 1.0670. Tuesday’s rebound lifted the spot to the upper limit of the range where the upward impetus faded. The pair started the European session flirting with the upper limit of the band and edged lower at noon. The 4 hours timeframe showed that the pair could not fixate above the 200-EMA and rebounded below it. The 100 and 200 EMAs turned upwards while the 50-EMA kept heading lower in the same chart. The resistance is at 1.0700, the support comes in at 1.0650.

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

Trading recommendations

We prefer to stay neutral until we get clear signals. A cut through the 1.0650 mark will aim at the 1.0600 level. A rebound here will return buyers in a driver’s seat sending the market to 1.0750.



Pound

General overview

The UK's Services PMI came in above expectations lending support to the national currency.

Current situation

The pound became positive in the Asian session on Wednesday. The major was growing the whole night. Moreover, the GBP/USD pair witnessed a fresh buying-wave during European morning trade. The price accelerated its growth and spiked to 1.2500. However, the spot met selling interest on approaches to the level and paused its advance. The major tested the 50-EMA in the morning and stayed around it in the 4 hours chart. The 50-EMA kept pointed lower, the 100-EMA maintained its bullish slope while the 200-EMA was neutral in the mentioned timeframe. The resistance lies at 1.2500, the support comes in at 1.2400.

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

Trading recommendations

Despite the fresh buying interest the pair future is not so bright. Buyers seem not to have enough strength to post more gains. That’s why the pound may turn to the downside. The pair needs to get below 1.2450 to trigger additional downward momentum towards testing 1.2400.



Yen

General overview

The US dollar managed to recover some ground against its Japanese peer in the Asian session. However, its advance was stopped by risk-off sentiment after North Korea fired ballistic missile.

Current situation

The US dollar struggled to build a recovery on Tuesday. Buyers were driving the major upwards the whole day and stopped at 110.70. The pair remained unchanged in the night amid lack of market movers. The major caught fresh bids in the morning. The pair extended its buying bias and approached 111.00 at noon. According to 4 hours chart the spot remained below the moving averages which were all pointing lower. The resistance is highlighted at 111.00, the support comes in at 110.00.

The MACD indicator continued consolidating within oversold levels. RSI was neutral.

Trading recommendations

Despite the positive tone the major is still in red. The 111.00 hurdle is a strong barrier and buyers need to try hard to break it through. A sharp breakout above 111.00 could spark a further growth towards 111.50, en route to 112.00. On the other hand, a failure here will return sellers in action and risk 110.00.



NZD/USD

General overview

The New Zealand calendar was light. However, the major was supported by Moody’s upbeat remarks on New Zealand’s AAA rating. The US dollar maintained control ahead of Trump-Xi Summit.

Current situation

The NZD/USD pair remained neutral hovering above 0.6950 during night trades. The spot caught fresh offers in the morning and moved lower afterwards. NZD/USD kept struggling near 3-week lows later the day. The 4 hours timeframe showed that the spot continued developing below the moving averages. The 50 and 200 EMAs pointed lower while the 100-EMA kept heading higher and the 50-EMA touched the 100-EMA in the mentioned chart. The resistance is highlighted 0.7000, the support comes in at 0.6950.

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

Trading recommendations

The pair is likely to extend its negative bias. After a close below the support at 0.6950 we could see NZD/USD extending its declines down to 0.6900.



XAU/USD

General overview

Investors turned cautious ahead of the Trump-Xi Summit starting tomorrow. However, the risk-off sentiment barely supported gold, but the market turned red anyway.

Current situation

The spot remained in a short-term upward channel on Wednesday. The precious metal found strong resistance at 1260. The level rejected the price which edged lower in the Asian session. Gold sellers kept pushing the price lower during the European session and reached 1250 at noon. Gold prices stayed above the moving averages which were all pointing higher in the 4 hours chart. The 100-EMA crossed the 200-EMA upwards in the mentioned timeframe. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.

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

Trading recommendations

A recovery above the level of 1260 will favor an advance up to the 1270 region.



Brent

General Overview

A larger-than-expected drop in U.S. crude supplies coupled with an outage at the Buzzard oil field in the North Sea supported oil prices on Wednesday.

Current situation

Brent held a bullish tone on Wednesday. The benchmark was slowly growing in the night and approached 54.50 in the morning. Brent buyers fueled the market with fresh bids in the European session sending the price to 55.00 dollars per barrel. According to 4 hours chart the benchmark broke the 200-EMA upwards. The 200-EMA kept heading lower while the 50 and 100 EMAs maintained their bullish slope in the same chart. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.

The MACD histogram grew which indicates buyers’ strength. The RSI indicator remained within overbought readings.

Trading recommendations

We still hold the view that oil prices will struggle to climb north of 55.50



DAX

Current situation

DAX was neutral on Wednesday being unable to choose its direction. The index kept moving back and forth between 12240 and 12300. The benchmark had a negative start and dropped to the lower limit of the range right after the opening. DAX remained under pressure afterwards making attempts to move lower. The 4 hours timeframe showed that the index continued developing well above the moving averages. The 50, 100 and 200 EMAs maintained their bullish slope in the mentioned chart. The resistance exists at 12300, the support stands at 12200.

MACD decreased which indicates the buyers’ positions weakening. RSI advanced south which confirms the current downward movement.

Trading recommendations

If we do not see a turnaround in market sentiment bears will keep focusing at the support level of 12200. A break below the handle will open the way towards 12100.



S&P500

General Overview

Wall Street was flat ahead of opening as investors awaited for ADP jobs report and Fed minutes publication.

Current situation

The Tuesday’s rally was short-lived. Buyers pushed the price to 2360 where the upward momentum lost its legs. The price weakened a bit in the night and stayed around its session lows at 2355 afterwards. The price was sandwiched between the 50 and 100 EMAs in the 4 hours timeframe. The 50 and 100 EMAs turned neutral while the 200-EMA pointed higher in the same chart. The resistance is at 2360, the support comes in at 2340.

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

In the 4 hours chart, the technical picture favors a downward extension towards 2340.




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

"Fort Financial Services"- fundamental and technical analysis.

11.04.2017

Euro

General overview

The euro ignored strong Investor Confidence release from Sentix. The single currency remained under pressure amid a broad US dollar recovery. Investors awaited for J. Yellen speech later the day. Economic Sentiment in Germany will be in the spotlight on Tuesday.

Current situation

The pair remained under pressure on Monday. The euro extended its losses in the night and posted a session low at 1.0570. The major stopped its advance after that and recovered a bit. However, a fresh selling interest later the day returned the pair to the opening price. According to 4 hours timeframe the spot continued developing well below the moving averages. The 50 and 100 EMAs pointed lower while the 200-EMA was neutral in the mentioned chart. The resistance is at 1.0600, the support comes in at 1.0550.

The MACD histogram decreased which is a sell signal. The RSI oscillator consolidated within negative area.

Trading recommendations

A pullback is expected in the market in the near term. A breakout of 1.0600 would aim markets for 1.0625. Below 1.0600, EUR/USD will likely target at the 1.0550 support



Pound

General overview

The pound reversed some losses on Monday and stepped away from 2 week low. Markets focused on J.Yellen's due to later the day. Inflation figures for the month of March will be published tomorrow and will attract our attention.

Current situation

The pound maintained its ask tone in the Asian session on Monday. However, its further advance was limited by the 1.2360 mark. The spot bounced off and moved higher. The positive tone remained in place in the morning. The GBP/USD tested 1.2400 in the late European session but failed to retake the level. The GBP/USD pair remained around the level till the NY session. The 4 hours chart showed that the pair tested the 200-EMA and bounced upwards. The 50-EMA crossed the 100-EMA downwards. The 50-EMA turned downwards while the 100 and 200 EMAs were neutral in the same timeframe. The resistance lies at 1.2400, the support comes in at 1.2300.

MACD remained at the same level which confirms the strength of sellers. RSI indicator was near undervalued territory.

Trading recommendations

While to the upside, 1.2400 resistance will need to be retested for support before a price can rally towards 1.2500. We expect to see renewed bearish pressure in the short-term. Our profit target will be 1.2300.



Yen

General overview

The US dollar strengthened after the US attack at the Syrian airbase. News about balance sheet reduction supported the US currency as well. Meanwhile, a stronger Japanese Trade Balance limited the US dollar further advance.

Current situation

The US dollar failed to extend its buying momentum beyond 111.50 in the night. The major posted a session high at 111.54 and changed its direction. The spot slightly eased in the night and headed towards 111.00 later in the day. The USD/JPY pair bounced off the 50-EMA and was holding around the 100-EMA in the 4 hours chart. The 100 and 200 EMAs kept heading lower while the 50-EMA was neutral in the same chart. The resistance is highlighted at 112.00, the support comes in at 111.00.

MACD entered the positive area. If MACD remains in the positive territory, buyers’ positions will strengthen. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

110.00 seems the next probable bearish target. At the same time a recovery above the level of 111.50 will favor an advance up to the 112.00 region.



NZD/USD

Current situation

The NZD/USD slightly weakened in the night and almost reached 0.6900. The spot stopped at 0.6920 and reversed its direction. The price started to grow and reached 0.6950 in the late European session. The pair remained unchanged later the day and stayed around session lows ahead of the NY session. According to 4 hours chart the price remained below the moving averages which were all pointing lower. The resistance is highlighted 0.6950, the support comes in at 0.6900.

The MACD histogram decreased which indicates the sellers’ strength. The RSI oscillator moved upwards.

Trading recommendations

A daily close above 0.6950 would risk 0.7000. The price eyes strong support at 0.6900 loss of which would trigger further weakness towards 0.6850.



XAU/USD

General overview

Gold prices edged lower amid a stronger dollar on Monday. The speculations about the next U.S. rate hike lent some support to the US currency.

Current situation

Gold prices were neutral on Monday hovering above 1250 the first part of the day. However, a bout of fresh selling pressure emerged after the noon. The yellow metal moved lower struggling hard with the 1250 handle. XAU/USD broke the level at the NY beginning. Gold tested the 50-EMA and remained above it in the 4 hours timeframe. The 50 and 100 EMAs pointed higher while the 200-EMA was neutral 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. RSI was neutral.

Trading recommendations

We preserve our bullish outlook in the near term. A cut through the resistance level of 1260 dollars per ounce will turn attention to the 1270 level. However, the precious metal looks overbought and requires some correction. The spot may soften to 1240 in the short-term.



Brent

Current situation

Brent opened bullish on Monday. The price jumped to 55.50 in the night but was able to break the level only in the European morning. Bulls continued driving the benchmark higher during the day trades. The price reached last week high in the NY session. 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 maintained their bullish slope while the 200-EMA turned lower in the mentioned timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.

The MACD indicator continued consolidating within overbought levels. The RSI indicator was near overvalued territory, favoring a new move higher.

Trading recommendations

An uptrend will continue as soon, as the prices rises above the resistance level 56.00 dollars per barrel. Bulls aim at 56.50 dollars per barrel.



DAX

General overview

European stocks stayed neutral on Monday. Mining and Pharmaceuticals & Healthcare sectors added some gains while energy stocks were mostly lower.

Current situation

DAX was neutral on Monday. The price moved in a directionless way orning hanging between 12200 and 12300. According to 4 hours timeframe the benchmark tested the 50-EMA and stayed above the moving averages. The 50, 100 and 200 EMAs maintained their bullish slope in the same chart. The resistance exists at 12300, the support stands at 12200.

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

We preserve our bullish views until we see a break below 12000. A rebound from 12200 is possible towards 12300. Alternatively, a break below 12200 would open up the way for a move to 12100.



NASDAQ

Current situation

NASDAQ was neutral on Monday hovering around 5420. The price remained above the moving averages which were all pointing higher in the 4 hours chart. The resistance is at 5460, the support comes in at 5420.

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

The immediate risk is still clearly on the downside but we prefer to wait for a daily closing below 5420 before turning bearish.




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

"Fort Financial Services"- fundamental and technical analysis.

12.04.2017

Euro

Current situation

The euro touched 1.0600 on Monday and pulled back a bit in the night afterwards. The major gathered some steam in the night and edged higher at the European session open. Thus, buyers returned the price to 1.0600 reversing all the night losses. The pair broke the level in the mid European session. The 4 hours chart showed that the pair EUR/USD stayed below the moving averages. The resistance is at 1.0650, the support comes in at 1.0600.
MACD grew which indicates the sellers’ positions weakening. The RSI indicator was holding near oversold levels, favoring a move higher.

Trading recommendations

A recovery above the level 1.0600 will favor an advance up to the 1.0650 region.



Pound

Current situation

The pound had a positive day on Tuesday. The major extended its buying bias in the morning after the neutral night. The GBP/USD pair pushed away from 1.2400 and headed north ahead of London open. Buyers reached 1.2450 at the noon but failed to advance beyond the mark. The spot was hovering between the 200 and 50 EMAs in the 4 hours chart. The resistance lies at 1.2500, the support comes in at 1.2400.
MACD grew which indicates the sellers’ positions weakening. The RSI indicator lost upward strength and moved downwards.

Trading recommendations

The recovery seems to be in the progress. Bulls keep focus at the resistance level of 1.2500.



Yen

Current situation

The bearish momentum persisted in the night session on Tuesday. After breaking 111.00 the pair moved lower and reached 110.40 by the morning. Having posted the session low the price stopped in the night and spent the late European session around the mark. According to 4 hours chart the 50, 100 and 200 moving averages pointed lower. The resistance is highlighted at 111.00, the support comes in at 110.00.
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

Should the US dollar recover ground and advance beyond the resistance level of 111.00, the rally can extend in the short term up to 112.00. Otherwise, sellers will push the major to 110.00.



USD/CAD

Current situation

Sellers reached a strong support at 1.3330 on Monday. Bears failed to retake the level in the night and met the morning in its region. The spot maintained its neutral bias during the European session. The major broke all the moving averages downwards and remained below them in the 4 hours timeframe. The resistance is highlighted 1.3330, the support comes in at 1.3260.
The MACD histogram decreased which is a sell signal. The RSI indicator continued consolidating near oversold levels.

Trading recommendations

A sharp breakout above 1.3330 could spark a further incline towards 1.3400.



XAU/USD

Current situation

Gold prices extended their consolidation phase trading between 1260-1250 on Tuesday. Sellers tried to break below the lower limit of the range on Monday but failed. The spot ran through fresh bids around the level and reversed its direction. Buyers were driving the price upwards the whole Monday and extended their upward trajectory on Tuesday. The XAU/USD pair approached 1260 (the upper limit of the range) in the European morning. According to 4 hours chart the gold priced bounced off the 100-EMA, broke the 50-EMA upwards and continued developing above the moving averages. The resistance is highlighted 1260, the support comes in at 1250 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 moved north which confirms the current upward momentum.

Trading recommendations

If the spot stays above 1250 dollars per ounce a further extension to 1260 is not ruled out.



Brent

Current situation

Brent buying momentum lost its strength on Tuesday. Buyers failed to post fresh gains above 56.00 and moved back. The benchmark was losing ground the whole night and morning and approached 55.50 by the noon. The price continued developing well above the moving averages in the 4 hours timeframe. The resistance lies at 56.50, the support comes in at 55.50 dollars per barrel.
MACD remained at the same level which confirms the strength of buyers. RSI oscillator stayed near overbought levels.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward extension towards 55.50 dollars per barrel.



DAX

Current situation

DAX had a negative start to the day. The index moved below 12200 but after reaching 12140 changed its direction and jumped upwards. The benchmark returned to the opening price in the mid European session. The 4 hours chart showed that the moving averages maintained their bullish slope. The resistance exists at 12300, the support stands at 12200.
MACD entered the negative area. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI remained within neutral territory.

Trading recommendations

If the price manages to hold above the 12200 mark the next target for this index is the resistance level of 12300.



S&P500

Current situation

S&P500 remained in a tight range on Tuesday trading neutral-to-negative between 2355 and 2350. According to 4 hours chart the benchmark crossed the 100-EMA downwards and continued developing below the moving averages. The 50 and 100 EMAs kept heading lower while the 200-EMA was neutral in the same timeframe. The resistance is at 2360, the support comes in at 2340.
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 in neutral territory.

Trading recommendations

The next level to focus on is 2360.




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

"Fort Financial Services"- fundamental and technical analysis.

13.04.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



Yen

Current situation

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

Trading recommendations

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



AUD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



S&P500

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

19.04.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



Yen

Current situation

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

Trading recommendations

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



NZD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



S&P500

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

20.04.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



Yen

Current situation

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

Trading recommendations

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



USD/CAD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

24.04.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



Yen

Current situation

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

Trading recommendations

A move below 109.00 would revive bearishness towards 108.00.



NZD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

25.04.2017

Euro

Current situation

EUR/USD gapped higher to fresh 2017 highs at the open on Monday. The upward impetus lasted up to 1.0900 where it lost its legs. The spot weakened immediately after that and dropped to 1.0850. Sellers made an attempt to reclaim the level but failed as the handle was well defended by buyers. Sellers kept struggling for the level the first part of the day. The resistance is at 1.0900, the support comes in at 1.0850.

Trading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.0800. We believe the euro may strive to fill the gap in the coming sessions. However, should buyers stay in a driver’s seat they will lead EUR/USD to 1.0900.



Pound

Current situation

Despite a positive start the pound turned bearish afterwards. The major jumped higher at the open and reached 1.2835. However, the upward momentum faded after that. Sellers started to push the price lower in the Asian session and returned the pair to 1.2800. The Cable found fresh bids around the level and managed to reverse some night losses by noon. However, the overall picture remained the same in the first part of the day, the GBP/USD pair kept sideways trades. The resistance lies at 1.2900, the support comes in at 1.2800.

Trading recommendations

If sellers succeed to break the level 1.2800 the 1.2700 support seems the next probable bearish target.



XAU/USD

Current situation

Gold prices had a negative start to the day. The price fell from 1284 to 1266 dollars per ounce. Sellers failed to maintain the ask tone and had to retreat. Buyers used that chance to erase some losses. However, they did not succeed pretty much. Sellers regained control in the mid-Asian session and returned the spot to 1270. The resistance is highlighted 1280, the support comes in at 1270 dollars per ounce.

Trading recommendations

After breaking 1270 the level of 1260 will come back to the radar.



DAX

Current situation

DAX gapped higher at the open. The index maintained its bid tone afterwards and reached 12350. Buyers maintained control afterwards and reached 12400 by noon. The resistance lies at 12400, the support comes in at 12300.

Trading recommendations

All eyes are right now at the resistance level 12400.



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

"Fort Financial Services"- fundamental and technical analysis.

01.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



AUD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

02.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound


Current situation

The pound eased off from last week high as traders decided to book some profits. The major weakened to 1.2900 where the decline stalled. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI moved to the downside. The resistance lies at 1.3000, the support comes in at 1.2900.

Trading recommendations

A break below 1.2900 will show room for further downside. In this potential scenario sellers will push the spot to 1.2800.



USD/JPY

Current situation

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

Trading recommendations

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



USD/CAD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

03.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



AUD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



S&P500

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

05.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



USD/CAD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



S&P500

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

09.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



NZD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

The nearest target remains the resistance level of 12800.



S&P500

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

11.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



AUD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



S&P500

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

12.05.2017

Euro

Current situation

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

Тrading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



NZD/USD

Current situation

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

Trading recommendations

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

Firm break below 5660 handle would open 5620.




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

"Fort Financial Services"- fundamental and technical analysis.

16.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



AUD/USD

Current situation

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

Trading recommendation

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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




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

"Fort Financial Services"- fundamental and technical analysis.

22.05.2017

Euro

Current situation

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

Trading recommendations

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



Pound

Current situation

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

Trading recommendations

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



USD/JPY

Current situation

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

Trading recommendations

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



NZD/USD

Current situation

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

Trading recommendation

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



XAU/USD

Current situation

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

Trading recommendations

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



Brent

Current situation

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

Trading recommendations

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



DAX

Current situation

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

Trading recommendations

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



NASDAQ

Current situation

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

25.05.2017

XAUUSD.

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

Trading recommendations.

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



Brent.

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

Trading recommendations.

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



DAX

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

Trading recommendations.

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



NASDAQ.

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

Trading recommendations.

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



EURUSD.

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

Trading recommendations.

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



USDJPY.

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

Trading recommendations.

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



NZDUSD.

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

Trading recommendations.

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



GBPUSD.

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

Trading recommendations.

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



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

"Fort Financial Services"- fundamental and technical analysis.

29.05.2017

EURUSD

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

Trading recommendations

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



GBPUSD

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

Trading recommendations

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



USDJPY

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

Trading recommendations

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



NZDUSD

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

Trading recommendations

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



Brent

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

Trading recommendations

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



XAUUSD

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

Trading recommendations

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



DAX

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

Trading recommendations

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



NASDAQ

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

Trading recommendations

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



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

"Fort Financial Services"- fundamental and technical analysis.

30.05.2017

EURUSD

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

Trading recommendations.

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



GBPUSD

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

Trading recommendations.

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



USDJPY

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

Trading recommendations.

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



NZDUSD

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

Trading recommendations.

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



DAX

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

Trading recommendations.

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



NASDAQ

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

Trading recommendations.

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



BRENT

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

Trading recommendations.

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



XAUUSD

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

Trading recommendations.

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




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

"Fort Financial Services"- fundamental and technical analysis.

31.05.2017

EURUSD

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

Trading recommendations.

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



GBPUSD

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

Trading recommendations.

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



USDJPY

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

Trading recommendations.

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



NZDUSD

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

Trading recommendations.

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



DAX

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

Trading recommendations.

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



BRENT

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

Trading recommendations.

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



NASDAQ

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

Trading recommendations.

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



XAUUSD

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

Trading recommendations.

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




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

"Fort Financial Services"- fundamental and technical analysis.

01.06.2017

EURUSD

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

Trading recommendations.

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



GBPUSD

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

Trading recommendations.

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



USDJPY

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

Trading recommendations

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



NZDUSD

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

Trading recommendations.

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



BRENT

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

Trading recommendations.

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



DAX

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

Trading recommendations.

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



XAUUSD

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

Trading recommendations.

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


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

"Fort Financial Services"- fundamental and technical analysis.

05.06.2017

EURUSD

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

Trading recommendations.

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



GBPUSD

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

Trading recommendations.

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



USDJPY

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

Trading recommendations.

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



NZDUSD

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

Trading recommendations

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



XAUUSD

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

Trading recommendations.

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




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