"Fort Financial Services"- fundamental and technical analysis

"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

"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

"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

"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

"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

"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

"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

"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

"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

"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.
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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

"Fort Financial Services"- fundamental and technical analysis.

20.10.2017

Euro

The euro extended its winning streak and grew to 1.1850 on Thursday. The major, however, failed to reclaim the level and bounced off fresh highs right after testing the hurdle. If buyers do not break above 1.1850 the spot may soften to 1.1800-1.1780.



Pound

The pound is heavily offered and continues its negative slide. Sellers pushed the spot from 1.3150 to 1.3100 during the night trades and tried to retake the level in the morning. A break below the handle shall open the way towards 1.3050.



Yen

USD/JPY managed to retake 113.00 and advanced beyond it. The pair posted a fresh high at 113.25 in the Asian session and remained above the handle afterwards. We expect to see a renewed buying pressure and move towards 113.50.



Gold

Buyers managed to neutralize selling pressure and pushed the spot to 1290. However, they did not regain the level and stepped away. Sellers used this chance and regained control. They pushed the price to 1280 and took a pause to gather more steam for the next leg lower. A move below 1280 will generate more negative signals and risks further weakening to 1270.



Brent

Brent oil prices left the short-term upward channel and edged lower. Sellers broke below 57.50 and pushed the benchmark to the 57-th figure. A firm break below the 57.00 handle could trigger fresh weakness for attack at 56.50.



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

"Fort Financial Services"- fundamental and technical analysis.

23.10.2017

Euro

Buyers lost control over the market after touching 1.1850. The pair turned around after that and declined to 1.1750. A decisive break below 1.1750 could open the door towards 1.1700.



Pound

The overall picture remained negative. However, buyers could win some time when pushed the pound to the upper limit of the downward channel and broke the line. We do not believe in buyers’ strength and consider this growth corrective. The buying momentum will lose steam soon and sellers will regain control. Their primary target will be the 1.3100 level.



Yen

Buyers extended the upward trajectory and pushed the pair to 113.50 on Friday and continued their advance on Monday. The US dollar gapped upwards through the level and headed towards 114.00. To resume the uptrend, the spot has to break the resistance level at 114.00.



Gold

Gold recovery stalled at 1290 where the pair faced some selling rejection. The yellow metal eased after that and declined to 1280 dollars per barrel. A bout of fresh selling interest emerged at the open. Gold gapped downwards and made a leg lower to 1275. If the selling pressure remains intact the XAU/USD pair may continue its slide to 1270.



Brent

Fresh bids around 56.50 helped Brent to get some traction. The benchmark bounced from the handle and rallied towards 57.50 which broke right after testing it. Buyers continued their advance after that and reached 57.90 where they spent the night and the morning on Monday. Brent could reverse more losses if it moves above 58.00 dollars per barrel.



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

"Fort Financial Services"- fundamental and technical analysis.

27.10.2017

Euro

Renewed selling interest did not leave a chance to buyer to keep their gains. The euro pushed away from 1.1830 and sharply dropped to 1.1635. We expect a further decline and a move below 1.1600.



Pound

The pro-dollar sentiment prevails in the market. The pound lost a lot on Thursday. The major fell from 1.3250 to the 1.3100 handle where the spot spent the night. The pound may extend its losses to 1.3050 today.



Yen

Buyers returned on Thursday and pushed the pair to 114.00. They finally regained the level and posted a fresh high at 114.27. The US dollar remained above the 114.00 handle during the night and morning. We do not rule out a pull back to 114.00-113.70, but consider this decline as a good chance to buy the US dollar. Otherwise, the pair will keep its upbeat tone unchanged and may test 114.50.



Gold

Gold holds firmly in red, sellers always stopped any buyers' attempts to build on a correction. Sellers tightened their grip on Thursday and sent the spot downwards. Gold prices fell to 1270, broke the level and stopped at 1266 where the pair spent the night and the morning. We expect a move towards 1260 today.



Brent

Brent remains on strong bullish footing, thus the benchmark caught a fresh bid-wave on Thursday and rallied to 59.50 where buyers lost momentum. If the price succeeds and fixes above 59.50, the market may continue its growth towards the 60-th figure.




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

"Fort Financial Services"- fundamental and technical analysis.

15.05.2018

Euro

Bears unexpectedly returned control on Monday. The EUR/USD pair pushed away from 1.2000 and dropped to the 1.1920 area where the major spent the night and continued its sell-off in the morning. The pressure to the downside is likely to persist. We are waiting for a break below 1.1920 and a move towards 1.1900 now.


Pound

The US dollar recovery influenced the GBP/USD pair as well. The pair touched the 1.3600 level and pulled back after that. Sellers dragged the pound to the 1.3550 level afterwards where the major spent the night. A follow-through selling pressure has the potential to continue dragging the pair further towards 1.3500.


Yen

The USD/JPY pair extended its rebound from 109.30 on Monday. Buyers reclaimed the 109.50 level and pushed the US dollar to the 109.60 area afterwards. A fresh buying impetus emerged in the morning and sent the major through 109.80 to 109.90. After breaking through the 109.80 resistance, the pair will most likely move up to around the 110.00 mark.



Gold

Sellers unexpectedly returned on Monday and sent gold prices below 1320. They led the spot to 1315 first and then extended sell-off down to the 1313 area. The market sentiment is likely to remain negative today. In this potential scenario the yellow metal will decline to 1310 in the short-term.



Brent

The positive bias persisted on Monday. A fresh buying interest boosted the Brent oil prices to fresh multi-years highs. Buyers regained the 77.50 level first and then moved the benchmark to the 78.50 hurdle. If a price breaks above this region, then this could lead to renewed buying momentum, possibly towards 79.50.





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

"Fort Financial Services"- fundamental and technical analysis.

16.05.2018

Euro

The euro extended its sell-off and hit the low at 1.1820 yesterday. The major faced buying rejection at the level and bounced back afterwards. The single currency may extend its recovery and visit the level 1.1850 today.



Pound

The downward pressure increased on Tuesday. The pound extended its losses when the major dropped below 1.3500. Sellers drove the major to 1.3450 after that where they lost momentum and buyers started a recovery phase. The major bounced to 1.3500 and may extend its gains and probe the 1.3530 area later the day.



Yen

The positive bias prevailed on Tuesday. Buyers managed to lead the USD/JPY pair from the 109.65 to the 110.40. The buying momentum eased over there. AS a result, the spot bounced off the border of the overbought zone and softened to the 110.00 handle. The overall sentiment is still bullish. We will wait the correction is over and will start buying the US dollar again.



Gold

The yellow metal got under pressure and dropped from 1315 to the 1290 area. Buyers are trying to build a correction since then and managed to push the spot to the 1295 area by now. The yellow metal may extend its recovery and reach 1300 today.



Brent

Brent oil prices remained in the upward channel. Buyers almost reached 79.50 when they lost control on Tuesday. As a result, the benchmark fell to the lower end of the ascending channel. Sellers led the price to the 77.50 where Brent found fresh bids and pulled back to the 78.50 hurdle. We are waiting for the Brent oil prices to revisit the 79.50 resistance in the coming sessions.






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

"Fort Financial Services"- fundamental and technical analysis.

28.05.2018

Euro

The negative sentiment prevails in the market. However, sellers lost steam when they reached the 1.1700 handle. The price bounced off the level and recovered up to 1.1750 where the recovery move stalled and the price pulled back. The technical readings suggest the further softening. The price continues developing well below the moving averages. MACD is in the negative ground and is moving downwards. RSI is neutral. The resistance resides at 1.1700, the support comes in at 1.1650.
If the euro declines further, the tone would favor further losses towards 1.1650, en route to 1.1600.



GBP/USD

The downward structure remained intact on Friday. The pound continues fluctuating in the downward range posting fresh lows. The sterling lost downward strength at the 1.3300 level and reversed its direction. The major bounced to 1.3400 where the buying interest weakened. Sellers regained control after that and sent prices downwards. The technical indicators hold within bearish territory. MACD is heading south right now. RSI is hovering above the oversold area. The resistance lies at 1.3400, the support comes in at 1.3300.
Prices may fall back below the 1.3200 mark if the US dollar returns to a growth.



USD/JPY

The US dollar had another negative day on Thursday. The risk aversion drove the US dollar to the 109.00 level, however, the EMA200 defended this mark and rejected the major to 109.70 where the EMA100 limited pair's recovery. MACD indicator is in negative territory. RSI is neutral while the moving averages mostly continued their vertical rise, however, the 50 and 100 EMAs started to change their direction. The resistance resides at 109.50, the support comes in at 109.00.

If sellers regain the 109.00 level, they will get a good chance to extend their gains down to 108.00. If bears fail to move lower, the US dollar may recover to 110.00.



S&P500

Buyers continued struggling with 2730 which appeared to be well defended by sellers. Bulls reached the level last week, but did not regain it despite the numerous attempts. They attacked the level this morning, however, offers at the handle rejected the benchmark downwards. The resistance lies at 2730, the support exists at 2700.

The divergence between the chart and MACD points to a possible sell-off. If buyers do not regain the 2730 hurdle in the short-term, sellers could seize control and send the index towards 2700 where it could find a decent support from the 100 and 200EMAs.



DAX

DAX had a positive start to the day. The price gapped from 12850 to the 12900 level. The upward impulse continued afterwards and the benchmark was able to test the 13000 region when suddenly buyers lost momentum and DAX dropped towards 12900. The resistance lies at 13000, the support exists at 12900.

If the selling pressure persists, the DAX index may return below 12900 and move towards 12800 afterwards. The EMA100 is located in this region and may save buyers and reject the price upwards.



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

"Fort Financial Services"- fundamental and technical analysis.

29.05.2018

Euro

A fresh wave of the US dollar buying interest emerged on Monday and sent the euro to fresh lows. As a result, the spot dropped to 1.1600. If the price consolidates below this support, it may continue the downward trend in the short term. The potential sellers' targets are 1.1570 and 1.1550.



Pound

The pound continued moving downwards in the descending channel. The major bounced from the upper limit of the range on Monday and dropped to its lower one which is located in the 1.3300 area. If the price keeps going down it will test 1.3250 soon.



Yen

The US dollar remained under pressure and is tending to move lower. Sellers pressured the 109.30 support and spent the whole Monday trying to regain the handle. They got lucky to retake the level in the night when a bout of fresh selling pressure sent the spot to 109.00. If they overcome this barrier, they may probe the 108.70 area soon.



Gold

Gold looks flat and is trading in a narrow channel staying between 1299 and 1297. The yellow metal may extend its consolidative pattern on Tuesday.



Brent

Brent is trying to build a recovery. Buyers pushed the benchmark away from 74.50 towards 75.50 where the recovery move stalled on Monday. Bulls made another attempt to reclaim the level in the US session and failed again. If the positive bias remains intact, the benchmark may advance to 76.00 later the day.



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