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    "Fort Financial Services"- fundamental and technical analysis

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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Wed Jun 14, 2017 9:07 pm

    "Fort Financial Services"- fundamental and technical analysis.

    15.06.2017

    EURUSD

    EURUSD spent last day in a pretty quiet mode awaiting for the today's Federal Reserve meeting results. Due to this that market could be silent within the next session. Resistance is hold at 1.122, support comes in at 1.119.

    Trading recommendations.

    In case the current consolidation is over the further move above the 1.15 range that used be to the massive resistive level previously.



    GBPUSD

    GBPUSD was making a rally on the last session meeting the barrier closer to of 1.275 that used to be the resistive one and now became the supportive level. Resistance is hold at 1.2755, support comes in at 1.2650.

    Trading recommendations.

    In case the price goes over the 1.276 that will show us the sing for the buying. If take a look at the other scenario in case the price won't get through that range that gives us the opportunity for selling.



    USDJPY

    US dollar tried to chase the Japanese Yen during the last day but without much success as everyone waits for Federal Reserve meeting planned for today. Taking into account that fact that gap is filled then further upward move is possible. Resistance is hold at 110.2, support comes in at 109.8.

    Trading recommendations.

    Looks as tomorrow the price might start going upwards breaking through the 111 range. For long-terms despite the current volatility the target point seems to be the 114 range.



    NZDUSD

    NZDUSD did grow on the last session reaching the new ranges leaving its previous supportive level at the 0.72. This pair seems to be able to easily going upwards more soon. Resistance is hold at 0.7225, support comes in at 0.721.

    Trading recommendations.

    For long-terms the next stop point looks as the 0.75. Keeping in mind the fact of New Zealand dollar direct dependence on the commodities it's required to follow both markets in case of own trading safety.



    DAX

    DAX was moving tomorrow under the pressure of bulls that's here for the few past months getting to its top range that is at the 12800. Resistance is hold at 12800, support comes in at 12760.

    Trading recommendations.

    In the matter of time the price looks like to be aimed for move towards the 13000 range due to that the bulls are the one to go that market currently.



    BRENT

    On Tuesday Brent oil moved lower at opening found the support at the 48 and then reached the range of 49 after the bouncing at the end of the day. Resistance is hold at 48.8, support comes in at 47.9.

    Trading recommendations.

    In case the price gets over the 49 the further move up to the 50 is possible giving the opportunities for the bears. For short-terms the market looks to be aimed for the uptrend move.



    XAUUSD

    Gold opened last day by lowering and then receiving the support at range of 1260, bounced a bit clearly showing that the bulls are here to stay. Resistance comes in at 1268, support comes in at 1260.

    Trading recommendations.

    Looks like XAUUSD tends to be bullish-mostly hence the price could run upwards the range 1290 and above. The one that used to be the resistive range previously.



    NASDAQ

    NASDAQ did the break up to the tops on last session demonstrating its intention of the further growth. Resistance is hold at 5765, support comes in at 5745.

    Trading recommendations.

    In case the uptrend spike appears suddenly on next session then short positions will be more suitable here. Next target looks like to be set at the range of 6000.



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

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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Mon Jun 19, 2017 7:16 pm

    "Fort Financial Services"- fundamental and technical analysis.

    20.06.2017


    EURUSD

    EURUSD spent last week in varying modes, reached the range of 1.13 and then moved lower than 1.11. Resistance is hold at 1.20, support comes in at 1.14.

    Trading recommendations.

    If the break lower than 1.11 happens the next target seems to be at 1.10. Otherwise if the price gets up to 1.13 then the potential growth to the 1.15 is possible.



    GBPUSD

    GBPUSD got lower on last week getting under the range of 1.27 but then bounced upside and ended last day at the 1.3050. Resistance is hold at 1.280, support comes in at 1.275.

    Trading recommendations.

    The potential target in case of upside movements looks as the 1.345 breaking through which might send the price up further. In case of fall the price could get lower the 1.3050.



    NZDUSD

    NZDUSD moved straight upwards on last week reaching the range of 0.73 and stopped there found that range too resistive. Resistance is hold at 0.725 , support comes in at 0.72.

    Trading recommendations.

    If the fall takes place the further move below the 0.7 is quite possible soon sending the market to its floor rates.



    USDJPY

    USDJPY spent most part of last week going lower then met the supportive range at 110. Getting through that level will definitely show the intention of upward move. Resistance is hold at 111.4,support comes in at 110.7.

    Trading recommendations.

    After reaching the first point set at 112 the next one looks as to be set near the 115 or a bit higher.



    DAX

    DAX continued going the same direction as well demonstrating its volatility. 12500 seems to offer good support level being the resistance previously. Resistance is hold at 12760, support comes in at 12710.

    Trading recommendations.

    Look as that market builds the way for the further upward move sending itself to the higher ranges. If the break over the 13000 happens the price will definitely go higher giving the way for long-terms to go.



    XAUUSD

    XAUUSD made attempts of going higher finding the level of 1275 hard to get through and ended weak at negative candle. Looks as that market is under control of buyers mostly currently. Resistance is hold at 1256, support comes in at 1252.

    Trading recommendations.

    If fall over the 1250 takes place then it looks as the price will seek upline under this range. If gold gets over 1300 that gives us the sing of further upwards growth then.



    BRENT

    Brent market was trying to get to its top ranges on last week at end moved down to the 47. Resistance is hold at 47.6, support comes in at 46.8.

    Trading recommendations.

    A break through the 50 looks as possible one. If we'll face it in fact the situation on that market will be completely changed.



    NASDAQ

    NASDAQ was going in varying mode testing different ranges and closed last week at the range under 5700. Resistance is hold at 5720, support comes in at 5660.

    Trading recommendations.

    Market looks as to be aimed on reaching the 5900 once again with the further possible getting up to 6000 as good level for long-terms.



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


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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Sun Jun 25, 2017 9:12 pm

    "Fort Financial Services"- fundamental and technical analysis.

    26.06.2017

    EURUSD

    EURUSD spent last day moving aside towards the range of 1.115. Market started to roll later that day giving the opportunity of going back to 1.11. Resistance is hold at 1.116, support comes in at 1.114.

    Trading recommendations.

    The price seems to consolidate amongst the 1.05 as the floor and 1.15 as the top. Breaking lower the 1.11 will definitely send the price lower to the 1.10.



    GBPUSD

    GBPUSD was going aside on last day testing the range of 1.266 that offers good support recently. Resistance is hold at 1.269, support comes in at 1.265.

    Trading recommendations.

    Looks as that market faces new inflow of buyers therefore the price might start consolidating amongst the 1.26 and 1.28.



    NZDUSD

    NZDUSD was following the tops on last day as well getting over the 0.725 reaching then 0.727 and at the end closed at 0.725. Resistance is hold at 0.727, support comes in at 0.72.

    Trading recommendations.

    Getting through the range of 0.73 must send the price to the higher ranges but it looks as it's a matter of time now. As for long-terms the level of 0.75 seems to be a nice one.



    USDJPY

    USDJPY was going down on last day finding then the supportive range closer to the 111 to be able to bounce at the end of day. Resistance is hold at 111.4, support comes in at 111.

    Trading recommendations.

    Bulls seem to remain and prevail that market at the moment giving the way for long-terms in case the price starts to move towards the range of 114 or 115.



    DAX

    DAX was facing the upside move on last day getting towards the 12800. Resistance is saves at 12805, support comes in at 12720.

    Trading recommendations.


    If price breaks over the 12800 range then looks as it’ll go much further for the 12900 as the 12700 seems to be offering good supportive point. In a matter of time the index seems to be aimed on reaching the 13000.



    XAUUSD


    XAUUSD went upwards on yesterday as well getting over the 1250 range the level that might be regarded as nice supportive one. Resistance is hold at 1254, support comes in at 1246.

    Trading recommendations.

    If soon the price gets over the 1255 level then it's quite possibly the gold continues its growth up to the 1260. Then in case of these moves take place the next target looks as the 1275.



    BRENT

    Brent did break over the high range of the 45 on last day. Level of 46 seems to be offering strong resistance therefore giving the opportunity to sell here. Resistance is hold at 45.7, support comes in at 44.6.

    Trading recommendations.


    That market looks to continue following up the down trend towards the bottom range set at the 40 or below it.



    NASDAQ

    NASDAQ made attempts of getting higher at opening on last day getting through the 5800 but closed the day at lower range near the 5775. Resistance is hold at 5800, support comes in at 5770.

    Trading recommendations.

    Getting over the range of 5800 must be sending the price looking towards the 5900. If that happens soon the range of 5900 could considered as nice long-terms point.




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

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    ValdisFFS

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

    Post  ValdisFFS on Mon Jun 26, 2017 6:00 pm

    "Fort Financial Services"- fundamental and technical analysis.

    27.06.2017

    Eur/Usd

    The pair has been consolidating and ranging for some time now as it is caught in the tight range between 1.11 and 1.13 over the last few weeks. This consolidation is expected to continue today and this week as well as the month end flows and the lack of news is likely to influence the prices.

    Trading recommendations

    Looking ahead to the start of the week, there is Draghi speech late in the day but his tendency has always been not to speak about the economic or monetary policies in a majority. This would mean some more consolidation and ranging in the EURUSD pair on either side of 1.12.



    GBP/USD

    The pair has been the most volatile of all the pairs over the last few weeks, ever since the elections threw up some surprises. This is likely to continue as we now shift focus to the Brexit negotiations and the range boundaries at 1.28 and 1.25 are likely to come under attack

    Trading recommendation

    If the market did breakdown below the 1.26 handle, at that point we should have to think that the market is going to drop much farther below and drop rapidly.



    AUD/USD

    The pair continues in a tight range and this has been the case for quite some time now. Thanks to the bulls that that they have not allowed the prices to fall despite the fact that the commodity prices have been under pressure.

    Trading recommendations

    Expect short-term pullbacks, but those should be buying opportunities. The market should continue to trade volatility, but there is a certain amount of upward proclivity in this market.



    USD/JPY

    The pair trades in a strong manner as the stock markets around the world seem to be in a risk on mode and have been trading strongly as well. This has given way to weakness in the yen which has helped the pair to rise over the last few days.

    Trading recommendation

    Look for the USD/JPY to weaken if the data comes in lower-than-expected. Yields should fall on the news, making the U.S. Dollar a less-desirable investment while boosting the appeal in the Japanese Yen.



    Gold

    The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend rather than any change in trend. The downtrend has since resumed and the prices have fallen below 1250 and if the previous support at 1240 is broken, then the prices should fall to 1220



    Oil

    Oil prices continue to trade weakly and the expected bounce has not yet arrived on the oil market. The issues in the Middle East continue to simmer underneath and an escalation of that issue could have a huge bearing on the oil prices and help to push it higher.




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

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    ValdisFFS

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

    Post  ValdisFFS on Tue Jun 27, 2017 2:29 pm

    "Fort Financial Services"- fundamental and technical analysis.

    28.06.2017

    EURUSD

    The EUR/USD is surging on Tuesday after European Central Bank President Mario Draghi said there are clear signs of a “strengthening and broadening” recovery underway in the Euro Zone. The pair went back and forth initially before finding areas of resistance. After a while, the pair dropped down to support underneath due to the USD gains. Traders can expect a lot of market volatility to continue as the central bank members are scheduled to make more speeches today.
    If the market could break above the 1.13 level, the market should then go to the 1.15 level above. That is a massive barrier on the longer-term charts, as we have been consolidating between the 1.05 level on the bottom and the 1.15 level on the top over the last 3 years.



    GBPUSD

    The pair initially went higher before settling down to support areas. The market continues to be under immense pressure and shows a lot of volatility as the dollar has gained from last evening on some strong durable goods data. Traders should also pay close attention to the Brexit negotiations, as it will decide the course of the pound in the time ahead.
    The market will find plenty of reasons to be volatile. If the market can break to the upside, that should send this market towards the 1.28 handle, and perhaps a break above there. A break above there should send this market to the 1.30 level.



    USDJPY

    The pair dropped down to areas of support underneath and is expected to rally further in the time ahead. The dollar looks positive with the US durable goods strong data, Fed Reserve’s interest rates outlook for this year and the US Stock indices performance. Traders can expect a bullish trend of the market in the longer term.
    The market looks likely to go looking for the 112-level given enough time, but it of course will be very choppy as this market is volatile in general. Federal Reserve raising interest rates over the longer term will of course keep this market positive, and it is risk sensitive.



    AUDUSD

    The pair continued to rally further and remained quite firm. With the Chinese Industrial Profits coming in steady, the Australian dollar gained momentum. The transport and petrochemical industrial sectors performed the best, with profits coming in at 16.7 percent and going above expectations. In the long term, the market might continue to move higher and remain bullish.




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


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    ValdisFFS

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

    Post  ValdisFFS on Mon Jul 03, 2017 7:59 pm

    "Fort Financial Services"- fundamental and technical analysis.

    04.07.2017


    EUR/USD


    After finding an obstacle at 1.1450 last week EUR/USD turned bearish. The pair extended its weakness on Monday. Sellers broke 1.1400 in the night and headed towards 1.1350. The resistance is at 1.1400, the support comes in at 1.1350.

    The pair is still in an upward channel. The current decline we consider corrective. The spot may reach 1.1350-1.1330 where we expect it to bounce upwards.



    GBP/USD

    The pound traded mixed the recent days. Inability to break above 1.3000 made buyers give up their gains to take some profit. The pair started the day above 1.3000 and went down immediately after opening. The cable broke the level 1.3000 during European morning trade and moved lower after that. The resistance lies at 1.3000, the support comes in at 1.2900.

    The bullish momentum is likely to be regained. However, we believe the pound needs to gather some steam before keep growing. The pair may decline to 1.2940-1.2900 in the coming sessions.



    USD/JPY

    The pair managed to reverse all last week losses on Monday. Buyers found support at 112.00 where they found strength to grow again. USD/JPY was positive the first part of the day and was able to reach 113.00 by noon. The resistance lies at 113.00, the support comes in at 112.00.

    We believe the pair will remain in bulls' hands. If buyers break above 113.00 the way towards 113.50 will be open.



    GBP/JPY

    The GBP/JPY remained in a near-term upward channel on Monday. Buyers advanced to 147.00 in the morning session but lost strength and turned to the downside. After posting the session high at 146.82 the price stepped back to 146.50 where bulls regained control pushing the pair to 147.00. The resistance lies at 147.00, the support is at 146.00.

    We believe the pair will remain positive. A move above 147.00 would revive bullishness towards 148.00.



    EUR/JPY

    The pair found strong resistance at the level of 128.50. The spot failed to advance beyond the level and stayed around it. The resistance lies at 128.50, the support lies in at 128.00.

    EUR/JPY is having difficulties to go any higher right now. However, the trend is bullish. A break above the current resistance will suggest further strengthening towards 129.00.

    Уровень 128.50 стал на пути покупателей. Выше него цена не смогла пойти и оставалась в районе отметки в течение дня. Сопротивление расположено на 128.50, поддержкой выступает уровень 128.00.

    Несмотря на трудности, тренд остается восходящим. Считаем, что уровень 128.50 будет пройдет и актив двинется к 129.00.



    NZD/USD

    Buyers failed to extend their gains on Monday. The pair just retested 0.7350 in the Asian session and reversed its direction afterwards. Sellers seized control and were pushing the price lower the first part of the day. NZD/USD reached 0.7300 in the mid-European session. The resistance exists at 0.7350, the support stands at 0.7300.

    The pair is still in an upward channel. The spot touched the lower limit of the ascending channel. If the pressure persists the price may reclaim 0.7300 and test 0.7250. Anyway, we are bullish near term and do not believe the current weakness will last long.



    XAU/USD

    The tone is still negative in the market. Bears broke 1240 in the Asian session and pushed the spot lower after that. The yellow metal continued going down the night and the morning and reached 1235 by noon. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

    The precious metal broke a strong support 1240. That means the current bearishness will last for a while. Sellers aim at 1230 now. A successful break below the level could spark a further decline to 1220 dollars per ounce.



    Brent

    Brent gapped higher at the daily open on Monday. The price jumped from 47.86 to 48.93 dollars per barrel. Buyers managed to extend their gains up to 49.14 when they lost steam. Sellers returned to the market after that. The benchmark started to lose ground and reached 48.50 ahead of the NY opening. The resistance lies at 49.50, the support lies in at 48.50.

    Brent oil prices may try to fill the gap. We do not rule out a decline below 48.50 dollars per barrel. Anyway, the current market sentiment is positive. The price may turn bullish any moment now.



    DAX

    DAX traded mixed on Monday. The price gapped downwards at the daily open. The index spent the night at 12320 and jumped to 12400 in the morning. The benchmark stayed at the level the first part of the day. The resistance lies at 12400, the support lies in at 12300.

    If bulls remain in control DAX may retake the 12350 mark soon. However, the current price action shows negative tendency. The index may retest 12300 in this scenario.



    SP500

    S&P500 had a positive start to the week. The index bounced from 2420 at the daily open. Buyers pushed the benchmark higher and reached 2429 in the late European session. The resistance lies at 2440, the support lies in at 2420.

    Despite the recent grows the index is under pressure. We believe sellers will get control soon and will return S&P500 to 2420. After retaking the level sellers may lead the price to 2400.




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

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    ValdisFFS

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

    Post  ValdisFFS on Thu Jul 13, 2017 8:05 pm

    "Fort Financial Services"- fundamental and technical analysis.

    14.07.2017

    Euro

    The upward channel remained intact on Thursday. The price just moved from its upper boundary to its lower one. The level 1.1400 rejected the pair upwards and the euro returned to 1.1450 afterwards. A fresh downward impetus emerged in the mid-European session. EUR/USD decline to 1.1400, trying to break below the handle. The resistance resides at 1.1450, the support comes in at 1.1400.

    We are still bullish and prefer to wait when the current correction is over. Buyers are likely to attack 1.1500 in the short-term.



    Pound

    The pound found fresh bids at 1.2800. New buy orders helped the major to recover recent losses. The spot bounced from 1.2800 and returned to 1.2900. The major spent the Asian session around the level and continued its growth in the morning. GBP/USD reclaimed 1.2900 and headed towards 1.2950. The resistance lies at 1.3000, the support comes in at 1.2900.

    The pair stays in a near-term downward channel. The GBP/USD pair needs to consolidate above 1.2950 to leave the channel. If sellers regain control the major may retest the 1.2800 handle.



    USD/JPY

    The US dollar remains under heavy selling pressure. Bears broke the lower limit of the upward channel (113.40) the other day. Sellers had a temporary stop at 113.00 and are trying to break lower on Thursday. The resistance lies at 114.00, the support comes in at 113.00.

    A break below 113.00 will neutralize the upward pressure further. In this scenario sellers will lead the major to 112.50. Should the level 113.00 hold USD/JPY will recover back to 114.00.



    GBP/JPY

    GBP/JPY is neutral on Thursday. The 145.00 level appeared to be a strong obstacle to retake. The price bounced from the level and returned to 146.00. After reaching the level the upward momentum lost steam. The pound spent the Asian and the European sessions around the level. The resistance lies at 147.00, the support is at 146.00.

    If sellers retake 145.00 the spot may face a further downside pressure. After reclaiming 145.00 sellers will aim at 144.00. Alternatively, the pair may return to the upward channel. Buyers need to reclaim 147.00 to regain control.



    EUR/JPY

    The euro remained under pressure due to the bid sentiment around the yen. After a continuous decline the pair finally stopped at 129.00. The pair bounced from the level in the Asian session and recovered to 129.50. The resistance lies at 129.50, the support lies in at 129.00.

    A break below 129.00 will signal about a fresh decline to 128.00.



    USD/CAD

    USD/CAD traded mixed on Wednesday. The spot was neutral the first part of the day. The pair stayed in a narrow channel around 1.2900. A New York session brought fresh bearishness to the market. The US dollar sharply dropped and broke 1.2800. Sellers continued to grind lower afterwards and stopped at 1.2700. After posting fresh lows at 1.2700 the US dollar grew to 1.2750. The resistance exists at 1.2800, the support stands at 1.2700.

    A broad based US Dollar weakness helped CAD to regain some traction. We believe sellers will remain in the driver's seat. After a short pull back the major will decline to 1.2700.



    XAU/USD

    Gold prices continued their recovery and reached 1225. After reaching the mark gold prices faced some selling pressure. As a result, the spot had to retreat to 1220. Bulls, however, returned in the morning on Thursday. Gold prices grew and approached 1225 by noon. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

    A move below 1220 would revive bearishness towards 1210 dollars per ounce.



    Brent

    The buying interest faded after touching 48.50 dollars per barrel. Brent just pierced the level and turned around. The benchmark erased the half of buyers' fresh gains by the end of Wednesday. Brent spent the first part of Thursday at 47.50. The decline was continued in the late European session. The resistance lies at 47.50, the support lies in at 46.50 dollars per barrel.

    If the bearish tone persists we expect a breakout of the level 47.50 and advance to 46.50 dollars per barrel.



    DAX

    DAX was neutral on Thursday after Wednesday’s rally. Buyers retook 12600 and stayed above the level afterwards. The resistance lies at 12700, the support lies in at 12600.

    If DAX stayed above 12600 the upward momentum will send the market to 12650.



    S&P500


    S&P500 had a positive day on Wednesday. The index pulled away from 2420 and rallied to 2440. The index momentum began to fade when S&P500 touched the level. The index spent the night and day sessions at 2440. The resistance lies at 2440, the support lies in at 2420.

    The 2440 hurdle is a strong level. The index is likely to rebound from the level. The price may return to 2420 in this case.



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

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    ValdisFFS

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

    Post  ValdisFFS on Mon Aug 07, 2017 6:50 pm

    "Fort Financial Services"- fundamental and technical analysis.

    08.08.2017

    Euro

    The euro sharply dropped on Friday. The major broke 1.1850, 1.1800 and tested 1.1750. Despite the decline the spot remained in an upward channel. The euro tried to build a recovery on Monday. The single currency strengthened to 1.1800. The resistance resides at 1.1800, the support comes in at 1.1750.
    The single currency is likely to continue its negative slide. Sellers may lead the price to 1.1650.



    Pound

    The pound continued its negative trajectory last week. Sellers broke 1.3100 and almost reached 1.3000. The pound found a strong resistance at 1.3030 and spent Monday around the mark. The resistance lies at 1.3100, the support comes in at 1.3000.
    The pound is about to leave the upward channel. A move below 1.3000 will extend sellers’ gains down to 1.2900.



    XAU/USD

    Bulls gave up control on Friday giving the way to sellers. The market moved down, broke 1260 and stopped at 1255. After testing 1255 the yellow metal pulled back and returned to 1260 where the spot spent the whole Monday. The resistance exists at 1260, the support stands at 1250 dollars per ounce.
    To maintain control sellers need to fixate below 1250. A daily close below the handle may open the way for further decline to 1245 dollars per ounce.



    Brent

    Brent continued its trades between 52.50 and 51.50 on Monday. The benchmark started the day around the upper boundary of the range and reached 51.50 by noon. The resistance lies at 52.50, the support lies in at 51.50 dollars per barrel.
    We prefer to stay neutral for now. We expect further sideways trades in the coming days.



    DAX

    DAX opened in the green on Monday. Buyers made an attempt to retake 12300 and even pierced the level. However, bulls failed to fixate above the handle. The fresh selling interest returned the index below 12300. Sellers pushed the price to 12250 by noon. The resistance lies at 12300, the support lies in at 12200.
    If the pressure persists the price will touch 12200 in the coming sessions.



    S&P500

    S&P500 is still neutral staying in a tight range 2470-2475. The resistance lies at 2480, the support exists in at 2460.
    We prefer to stay neutral for now. We expect further sideways trades in the coming days.



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


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    ValdisFFS

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

    Post  ValdisFFS on Tue Aug 15, 2017 2:38 pm

    "Fort Financial Services"- fundamental and technical analysis.

    16.08.2017

    Euro

    Sellers managed to reclaim 1.1800 and moved the price towards 1.1750. The level did not stop sellers who reached 1.1700 afterwards. However, fresh bids around the level rejected the spot upwards. The pair returned to 1.1750 and spent there the first part of the day. The euro continued its slide targeting at 1.1700 in the late European session. The resistance resides at 1.1750, the support comes in at 1.1700.
    A move below 1.1750 will confirm sellers' strength. Below 1.1750 EUR/USD will likely target at 1.1700 and 1.1650.



    Pound

    The pound remained under pressure due to the bid sentiment around the dollar. Sellers pushed the price to the lower limit of the current range during the Asian trades. The pound left the range in the morning. Sellers were able to regain 1.2900 in the mid-European session. The major advanced to 1.2850 in the NY session. The resistance lies at 1.2900, the support comes in at 1.2800.
    The pound is likely to reach 1.2850 soon and will advance to 1.2800 after that.



    USD/JPY

    The US dollar stalled its recovery on Tuesday. After breaking 110.00 the spot advanced up to 110.50 where the major lost momentum. The resistance lies at 111.00, the support comes in at 110.00.
    The USD/JPY pair is approaching the upper boundary of the downward structure. A move beyond the downward channel will neutralize the downward pressure. The next target for this pair is 111.00.



    XAU/USD

    The bid tone around the US dollar pushed gold to the 1270 handle. The metal failed to retake the level and pulled back. The resistance exists at 1280, the support stands at 1270 dollars per ounce.
    If a downward pressure persists the pair may reclaim 1270 dollars per ounce.



    Brent

    The short term picture favors the downside. Brent stopped losing ground when the benchmark touched 50.50. After touching the level oil prices started a consolidation phase which lasted the night and the morning. A bout of fresh selling pressure emerged in the late European session. Brent oil prices attacked 50.50 again and reclaimed the handle this time. The resistance lies at 50.50, the support lies in at 49.50 dollars per barrel.
    Technical readings favor another leg lower. We believe Brent may reach 49.50 in the short-term.



    DAX

    Bulls tried to extend their gains on Tuesday. They attacked 12200 and even advanced to 12240. However, the index lost momentum after that. The price moved back and returned below 12200. The resistance lies at 12200, the support exists at 12100.
    If buyers fail to retake 12200 the index may turn around and soften to 12000.



    S&P500

    S&P500 continued its rally and was able to retake 2460. The index was growing upwards after that and posted fresh highs at 2466. Buyers did not find any reason to move the price higher and retreated. The resistance lies at 2480, the support exists in at 2460.
    We expect a pull back or consolidation now. The benchmark may ease to the 2460 region.




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


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    ValdisFFS

    Posts : 547
    Join date : 2014-07-02

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

    Post  ValdisFFS on Wed Aug 16, 2017 3:30 pm

    "Fort Financial Services"- fundamental and technical analysis.

    17.08.2017


    Euro

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



    Pound

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



    USD/JPY

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



    XAU/USD

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


    Brent

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



    DAX

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



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



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

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