• Registered: 2014-07-17
  • Posts: 563

Topic: "Fort Financial Services"- fundamental and technical analysis.

"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.

http://savepic.ru/14591664.png

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.

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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.

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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.

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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

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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.

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

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  • Registered: 2014-07-17
  • Posts: 563

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

"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.

http://savepic.ru/14732537.png

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.

http://savepic.ru/14738681.png

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.

http://savepic.ru/14681318.png

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.

http://savepic.ru/14683366.png

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.

http://savepic.ru/14682342.png

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.

http://savepic.ru/14694630.png

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.

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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.

http://savepic.ru/14718182.png

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.

http://savepic.ru/14720230.png

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.

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

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  • Registered: 2014-07-17
  • Posts: 563

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

"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.

http://savepic.net/9606374.png

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.

http://savepic.net/9595110.png

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.

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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.

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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.

http://savepic.net/9589990.png

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.

http://savepic.net/9577702.png

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

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