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"Fort Financial Services"- fundamental and technical analysis 23.07.2014 Fundamental analysis The major pairs held the narrow ranges against the backdrop of an empty macroeconomic calendar at the trading week beginning. All the week important events are still ahead so the market participants took a wait. The EUR/USD consolidated near the support level of 1.3512, which indicates a positions set by the institutional investors before a further bearish trend. The national activity index, calculated by the Chicago Fed, attracts the market participants’ interest. However, it doesn’t provide the events course influence. So this time, the index growth slowing in June to 0.12 against 0.16 in May and 0.18 forecast did not impact the investor sentiment. The German PPI slowed the fall and issued in June -0.7% y/y after -0.8% y/y. The Italian industrial orders collapsed in May by 2.5% y/y growth in April to 6.2% y/y. The monthly report announced the German economy problems as the Bundesbank pointed to a stop in GDP growth in the 2nd quarter. The British pound has tested the support level of 1.7058, the bulls managed to repel the attack, which confirms our view that the market participants will buy the strong GBP/USD decrease, based on the medium-term uptrend continuation. After the quotes dropped to the level of 101.06 - the Japanese exporters came to the market which opened the long positions opposing the national currency strengthening. Euro (EUR) Overview The Euro remains under the external events influence, and the given fact that the news background isn’t different in the "killed" information content in the other regions, we can assume the range trading continuation. The EUR/USD consolidated above the strong support level of 1.3520. Then the pair fell to the level of 1.3480 and tested it. The price is finding the support at 1.3450. The price is finding the first resistance at 1.3480, the next one is at 1.3520. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is decreasing. Trading recommendations We expect another retest which will be followed by the price bounce upwards. The potential bounce targets are 1.3520, 1.3570. [/url] Pound (GBP) Overview The general market sentiment spreads its influence on the pound/dollar which closed the trading close to the opening prices against the dollar after the consolidation in a narrow side corridor. We suppose to see the public sector borrowing continued growth in June to 10.5 billion, after 13.3 billion pounds previously. The large loans and the lower orders could add some pressure to the pound in the current circumstances, in the absence of any support risk appetite with the reason for caution in the increasing geopolitical exacerbations view. The GBP/USD downward trend was stopped at the support level of 1.7050. The price is finding the first support at 1.7050, the next one is at 1.7000. The price is finding the first resistance at 1.7115, the next one is at 1.7160. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD histogram is in a negative territory. The price is consolidating. Trading recommendations The third level retest can cause the price bounce to the range of 1.7100 - 1.7110. Yen (JPY) Overview The Japanese yen is not an exception like the euro it is traded in a narrow range and closed the day with small losses against the dollar. The statistics has published the activity data - the activity index rose in May by 0.6% m/m vs. -4.6% m/m previously in all economy sectors, but this fact had no impact on the market - the yen fell slightly against the dollar. The stock market and the U.S. market government bonds as usually influence the pair. The USD/JPY corrective gains fell to the downward trend line 101.60. The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23. There is a confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a neutral territory. Trading recommendations The volumes which gave the pair a chance to go up to the 101.60 trendline have formed a divergence. The level of 101.60 breakthrough, where the trading is being continued now, opens the way to the level of 102.23. Franc (CHF) Overview The U.S. dollar maintained its position against the franc. We didn’t observe the significant changes in the absence of the catalysts in the important economic data trading form. The investors are still very concerned about the geopolitical events in the recent times. Technically, the USD/CHF stabilized after the reaching the area 0.8990. The resistance at 0.9000 was broken. The price is finding the first support at 0.9000, the next one is at 0.8950. The price is finding the resistance at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is growing. Trading recommendations We advise the long positions with the first target - 0.9035.

"Fort Financial Services"- fundamental and technical analysis 22.07.2014 Fundamental analysis The U.S. currency was able to significantly strengthen its position relative to its main competitors. The EUR/USD was able to hit a new minimum for at least the past five months amid the negative macroeconomic data from the euro area balance of payments in May. The balance of payments current account surplus declined by 2.1 billion euro to 19.5 billion in May. The Institute of Michigan published the USA consumer confidence index in July which could not support the strong demand for the dollar as the data release came out worse than the forecasted median. The GBP/USD has remained under the pressure amid the institutional investors’ further profit on long positions. We did not receive any important macroeconomic statistics from the UK. But then, after the moderately negative the Michigan Institute report on consumer confidence "bulls" returned to the market and the British currency was able to recover some lost ground. In Asian trading the USD/JPY dropped, after which there was a technical rebound against the demand from Japanese exporters, as well as the world's leading stock exchanges growth. However, we have not seen strong quotations growth that confirms the strong factor of the investors in the U.S. currency interest absence. Technical analysis Euro (EUR) Overview The initial European currency reduction was caused by the continued caution amid the geopolitics background as well as the increasing concerns about the euro zone financial system health due to the problems in the Portuguese banking group Espirito Santo that is based on some hearings on the bankruptcy brink. The euro fall can be continued, of course, if not something extraordinary happens. However, at the moment, the technical factor is on the euro’s side as the euro/dollar fell to an annual minimum which can be given as a strong support. The price is finding the first support at 1.3520, the next one is at 1.3480. The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows a downward one. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is correcting. Trading recommendations The pair is close to the strong support 1.3520. We expect the growth. Pound (GBP) Overview Obviously, the reason for the sales drop was a sterling risk appetite against the backdrop of the geopolitical upheaval. The British currency is still the most profitable among the other majors in the current situation and it was the investors’ natural desire to reduce risk positions. The false retest of the resistance level of 1.7115 led to the formation of a price’s short-term pullback down. The British pound short-term pullback against the U.S. dollar has not appeared long. The price is finding the first support at 1.7050, the next one is at 1.7000. The price is finding the first resistance at 1.7115, the next one is at 1.7160. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD histogram is in a negative territory. The price is decreasing. Trading recommendations The approach to the level of 1.7050 may lead to a price rebound up. The potential rebound target is the level of resistance 1.7160. Yen (JPY) Overview The Japanese currency declined against the dollar and returned most of the positions won in the previous session, when it was reported about the hit airliner on the border between Russia and Ukraine. It is possible that one of the moments that were supporting the dollar was the fact of the Japanese importers buying at attractive levels for this to which the pair dropped and the others - the profitability States’ "Treasuries" renewed growth. More than six months, the dollar/yen has been fixing above the strong support level of 101.00. The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is correcting. Trading recommendations The price is likely to go to the upward trend line 102.23. Franc (CHF) Overview The Franc fell against the dollar after the euro. The dollar strengthened after The Federal Reserve chief Janet Yellen indicated last week that the interest rates may be risen sooner, if the economy continues to recover. The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is correcting. Trading recommendations We advise to long with the first target - 0.9000. When the pair consolidates below the first target, we can open deals to the level of 0.9030.

"Fort Financial Services"- fundamental and technical analysis 21.07.2014 Fundamental analysis The instruments showed multidirectional movement at the end of last week. The euro/dollar was in a narrow consolidation area 1.3517 - 1.3542. The United States released June construction sector index. The data were weak and did not support the U.S. currency. However, the decline in the construction sector is observed as in the United States and in Europe. Only a joyous occasion for investors was the drop in the initial jobless claims in the United States, which reached 302,000. But this was not enough, and traders are not in a hurry to short. The pound/dollar was partly influenced by the profit-taking shorts in the euro/pound. The pair reached the level of 1.7084 and then made a technical rebound and the pound managed to recover some of the losses. We expect that the "bulls" will buy on a strong reduction, relying on the northern movement continuation. The dollar/yen strong strengthening is not worth waiting. A southern movement is expected for this instrument. The increased geopolitical tensions helped sell-offs in equity markets, thereby supporting a demand for the yen as a safe asset. Technical analysis Euro (EUR) General Overview The price is finding the first support at 1.3520, the next one is at 1.3480. The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Clound. The MACD indicator is in a negative territory. The price is decreasing. Trading recommendations The upward bounce potential target are 1.3570, 1.3610. Pound (GBP) General Overview The price is finding the first support at 1.7050, the next one is at 1.7000. The price is finding the first resistance at 1.7115, the next one is at 1.7160. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement, and the Kijun-sen shows a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD histogram is in a neutral territory. Trading recommendations The pair can grow to the resistance level of 1.7115. After breaking 1.7115 the buyers may go to 1.7160. Yen (JPY) General Overview The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23. There is a confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement, and the Kijun-sen – a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is correcting. Trading recommendations The downward movement will be continued. The pair may go to 101.00 soon. Franc (CHF) General Overview The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is going up. Trading recommendations We advise to short with the first target - 0.9000. When the pair consolidates below the first target, we can open deals to the level of 0.9035.

"Fort Financial Services"- fundamental and technical analysis 18.07.2014 Fundamental analysis The U.S. currency strengthened its position against its main competitors, the dollar DXY basket finished the trading day at around 80.56. Institutional investors actively open the short positions which causes a decrease in the single currency along the entire market. The PPI index in the United States for June showed an increase for 0.4%, which was a pleasant surprise for tarders and confirms the inflationary processes development. That inflation has caused debate within the Fed about raising the federal funds rate as inflationary pressures will play into the "bulls" hands on the dollar. The euro/dollar remained under pressure during the day amid the negative background. The GBP/USD was traded in a narrow range after soaring the positive CPI data on Tuesday. The National Bureau of Statistics has published several controversial UK labor market reports for May. The unemployment rate showed a reduction to the level of 6.5 with the UK salaries strong reduction as a negative factor for the inflation. The quotations growth on the world's leading stock markets supported the moderate demand for USD/JPY. The U.S. corporate reporting season in the United States kicked off quite well - all companies announced the results of its activities for the 2nd quarter showed results better than market expectations that support the demand for corporate paper in the world. Technical analysis Euro (EUR) General Overview The euro was under the dollar pressure the last session and closed the day with relatively strong losses. Apparently, the market has completed the J. Yellen speech analysis before U.S. lawmakers and finally imbued with the idea that the Fed is close to tighten the policy, while the ECB is heading for further easing. The strong support level of 1.3570 breakthrough led to working out the next target - the past month minimum level of 1.3520. The level was reached with lower volumes that directly speaks for downward trend relief. The price is finding the first support at 1.3520, the next one is at 1.3480. The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Clound. The MACD indicator is in a negative territory. The price is decreasing. Trading recommendations The pair can grow to the resistance level of 1.3570. After breaking 1.3570 the buyers may go to 1.3610. Pound (GBP) General Overview The British pound spent yesterday's trading in a narrow sideways range against the dollar and closed at opening prices. The strong employment data in Britain noted the unemployment rate decrease in June to 6.5% from 6.6%, with the significant applications number reduction for unemployment benefits - 36 thousand instead of the expected -27 thousand after 33 thousand in May did not provok the directed activity growth in favor of sterling. The price consolidation happened at around 1.7140 in the middle of two important levels of 1.7170 and 1.7100 The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a non-confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement, and the Kijun-sen shows a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD histogram is in a neutral territory. Trading recommendations We believe the falls can be continued now. The first target is the level 1.7050. We do not exclude the growth to 1.7220. Yen (JPY) General Overview The dollar fell against the yen on the last session. The fundamental lack of irritants and political plan left the pair influenced by the sentiment on the stock market and the U.S. government debt which increased activity yesterday. The resistance level of 101.75 reached at the high volumes stopped the correctional price growth. Due to the short-term decline changes we see the consolidation formation. The price decrease comes as a result of the low volumes. The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement, and the Kijun-sen – a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a neutral territory. Trading recommendations The price is likely to go to the downward trend line 100.80 - 101.00. We expect a bounce up to 101.30 soon. Franc (CHF) General Overview The dollar rose to a one-month high against major currencies, a day after Fed Chairman Janet Yellen said about the raising interest rates possibility before the expected date. The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is going up. Trading recommendations We advise to long with the first target - 0.9000. When the pair consolidates above the first target, we can open deals to the level of 0.9035.

"Fort Financial Services"- fundamental and technical analysis 17.07.2014 Fundamental analysis We could see the multidirectional majors movement the other day. The negative ZEW business climate release in Germany coupled with euro/pound cross-course sales cheered the "bears" to open the short positions on the EUR/USD. The ZEW index fell to 27.1 points in July, showing the lowest level since December 2012. If the investors and analysts look pessimistic at the eurozone's leading economy it means that the region problems are really strong. In the U.S. trading session midst Fed head held the speech in Congress. Janet Yellen still adheres to the loose monetary policy assuring market participants that the inflation rise in the recent months should not be regarded as the uptrend beginning. The investors expected such comments so the pair started selling fast due to Ms. Yellen performance. The GBP/USD was able to breakthrough the two-week range due to the June CPI index positive release. The June UK inflation showed growth to the level of 1.9% year on year, which triggered the "bulls rally" on the British currency. The inflationary pressures intensified the market participants' expectations on the earlier BoE monetary - credit policy tightening amid the pound significantly strengthened its position in relation to the dollar. The BoJ head Mr. Kuroda speaking at a press-conference after a meeting on monetary - credit policy said he expected the economic growth return to the positive territory in the 3rd quarter. It was also indicated that the price current growth seemed to be well balanced and there is no reason for a strong dollar strengthening now. After Fed head statements completion we saw the increase in the U.S. 10 - year Treasuries yield, which also supported the moderate demand for the U.S. dollar. Technical analysis Euro (EUR) General Overview The euro/dollar remained under the pressure. The euro disorder was provoked by the ZEW disappointing data. The Euro sales were carried out amid the Fed reports. The brief euro buying against the dollar was observed when the retail sales release went significantly worse forecasted medians. In fact, the ZEW Report pointed to the Germany investor confidence drop in July for seventh consecutive month. The price is finding the first support at 1.3520, the next one is at 1.3480. The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud. The MACD indicator is in a neutral territory. Trading recommendations After the trend line 1.3520 breakthrough the way to the support 1.3480 will be opened. Meanwhile we expect a consolidation and a short term bounce upwards. Pound (GBP) General Overview Technically, the British returned to the market leaders and became one of the majors on the yesterday's session having made some profit against the dollar. The sterling found support from the newly arrived UK economic data. The economic statistics publication announced the UK inflation accelerating and added the belief to investors that the BoE would be forced to raise rates before the end of this year The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a non-confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud. The MACD histogram is in a neutral territory. Trading recommendations We expect the 1.7160 line break that will open the way for the buyers to 1.7220. Yen (JPY) General Overview The Japanese currency also fell against the dollar. However, it is worth noting that the yen sales were not as active as they could be in this situation, when the Japan stock market experienced growth and the Fed chief's statements positioned investor optimism on the dollar. Perhaps the reason is the stock market good sentiment lack and resumed U.S. government bond yields falling. In addition, the BoJ decisions could form the pair’s pessimism. The price is finding the first support 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement, and the Kijun-sen – horizontal and form a “Golden cross”. The MACD indicator is in a positive territory. The price is going up. Trading recommendations We believe the growth will be continued now. The first target is the level 102.23. Franc (CHF) General Overview The dollar strengthened after Ms. Yellen said that interest rates would rise sooner if the situation on the labor market improves faster than expected. Nevertheless, the Fed chairman also said that if the economic recovery would be disappointing, the monetary policy would remain accommodative. The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is going up. Trading recommendations We advise to long with the first target - 0.9000. When the pair consolidates above the first target, we can start deals to the level of 0.9035.

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"Fort Financial Services"- fundamental and technical analysis 11.07.2014 Fundamental analysis This week main event was the Fed last meeting minutes publication. Before the Fed minutes publication the major pairs were in a lateral trend – the investors took a waiting position. The market participants wondered what the inflation debate will bring which had shown a slightly growth above the target level in the last report. However, the FOMC members could not find a single direction on the priority issue - one part of the monetary regulator leadership expressed concern with a stable low inflation, the other on the contrary, expect a more rapid consumer price index growth. Against this background, we observed the U.S. currency sales against its major competitors, the gold quotations growth and the "bullish" sentiment in the stock markets. The data showed an unexpected decrease in the UK industrial manufacturing and the industrial production and hinted that the economic recovery may not be as strong as expected. The reports made investors get rid of sterling to lock in profits after the currency rose to six-year high level against the U.S. dollar at the end of last week. The quotes received impetus from the Japan data published during the Asian session. The positive Japan payments balance in May amounted to 552.8 billion yen after the April value of 187.4 billion yen, despite the fact that the growth was forecasted only to 170 billion Japanese yen. Some support was rendered by the Eco Watchers data: the optimism index regarding the current economic situation in Japan was in June $ 47.7 against $ 45.5 in May, which can generally be seen as a positive signal. Technical analysis Euro (EUR) General overview The important economic data from Europe and other regions absence, as well as minutes of U.S. meetings yield expectations caused the continued range trading on the euro/dollar. The hopes that the activity will return to the market amid the politicians speeches have not been justified - neither speech the ECB’s President Draghi nor his colleagues, members of the ECB Governing Board B. Kerr and P. Pratt did not change the situation. The ECB functionary's statements concerned largely the power centralization topics in the region and its authority strengthening to force EU governments to reform their economies to recovery. The situation has been changed after the FOMC minutes publication - the euro rose as it became known that the document did not have anything about a possible rate increase. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form the “Golden cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a neutral territory. Trading recommendations If the price consolidates above 1.3610 the next target will be the resistance located at 1.3670. Pound (GBP) General overview The British pound strengthened against the dollar in yesterday's trading. The effect on the sterling as well as on the euro had a message from the Fed. During the session the pound was under pressure from the dollar. The pound sales were provoked by the housing prices data from Halifax which showed that the price index fell by 0.6% m/m in June after rising +4.0% m/m previously and Britain Retail Consortium (BRC) report announced the annual fall indicator retail prices continuation which coupled with the price dynamics in the housing market has contributed to the doubt mood, waiting the rate hikes in the UK. The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows a downward movement. The upward movement will be until the price is above the Cloud. The MACD histogram is in a neutral territory. Trading recommendations The sterling growth gave the buyers the opportunity to get closer to the last week maximum the resistance of 1.7160. The volumes around this level decline, however, due to the fundamental data, the northern trend is likely to continue. Yen (JPY) General overview The Japanese currency was under the general market sentiment pressure. Initially, the yen declined against the dollar, on the risks of a monetary policy possible imminent tightening in the U.S., and then grew when the Fed protocols disappointed "bulls" on the dollar and sharply reduced the U.S. "Treasuries" yields. As a result, the dollar/yen trading was closed almost on the opening prices. The price is finding the support 101.00. The price is finding the first resistance at 102.23, the next one is at 101.60. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price shows a downward movement. Trading recommendations The yen strengthening against the greenback is expected in the short term, lowering the price to 101.00 - 101.20. Franc (CHF) General overview The Swiss franc strengthened against the dollar on the U.S. currency general weakening, caused by the FOMC minutes publication. The document, in particular, noted that, if the current trends is preserved the economy the FOMC representatives would decide to finish the asset purchases program in October. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. There is a confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen the Kijun-sen show a horizontal movement and form a “Dead cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a neutral territory. Trading recommendations We advise to open short positions with the target 0. 8880. This level overcoming will enable sellers to target the level of 0.8850.

"Fort Financial Services"- fundamental and technical analysis 09.07.2014 Fundamental analysis This week the EUR/USD is within a narrow range 1.3575-1.3608. The industrial production releases in Germany and Spain in May showed a significant decrease that confirms the serious structural problems in the European region. Nevertheless, the euro ignored the weak reports and after a moderate price drop - after the American traders coming we saw a technical rebound. The 10-year bonds yields fell on Monday from 2.64% to 2.62%. Meanwhile, the employment trends index (ETI) in the U.S. Conference Board's continued the growth in June for the second month in a row and rose to 119.62. The euro rose slightly after four days decrease amid the growing sentiment among the Eurozone investors, who improved after two months decrease, which was due to the ECB's new measures on the economy stimulation and expectations improving for the global economy. The short positions closing in the euro/pound cross-course put the pressure on the GBP/USD on a background of the empty macroeconomic calendar from the UK and the U.S. The sales that were observed on the world's leading stock markets, which together with the decrease in the 10-year U.S. bonds yields weighed on the USD/JPY. There wasn’t any important macroeconomic statistics from Japan and the market participant fully copied the trading dynamics for the Japanese stock market. Technical analysis Euro General overview The single European currency grew slightly against the dollar and actually leveled losses it had last week. The weak economic data from Germany did not stop the euro bulls and as well as the ECB members statements signaling the need to increase the monetary policy easing. Almost a month the EUR/USD bounces from the level of 1.3595. This level was broken down once, but the breakthrough had not been continued for long. The reverse return above the price level was followed by a strong growth. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in a negative territory. Trading recommendations The downtrend is being continued. The target is 1.3570. Pound (GBP) General overview The pound is stable and continues to stay near the high levels that had been reached earlier. The pound fell slightly the other day, but it is due to technical factors that continue to influence the market developments through the strong resistance. The upward trend was stopped at the resistance level of 1.7175, from which there was a short-term price down pullback. The main rollback target is the support level of 1.7115, which was twice tested for a strength. The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in a neutral territory. Trading recommendations The rising trend line is at 1.7115 support that is an additional obstacle. If the breakthrough does happen the level of 1.7175 rebound is expected. The 1.7175 break will open the way to 1.7200, 1.7250. Yen (JPY) General overview The yen grew up. Obviously, the fact that traders chose the yen was due to an optimism fall on stock markets, as well as due to the U.S. "Treasuries" yield decrease. We remember the BoJ quarterly report, which announced a moderate economic recovery pace and conservation assessment for the all nine country regions. The price is finding the first support 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is under the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in a negative territory. The indicator is decreasing showing the sell signal. Trading recommendations The price consolidation at 101.60 is a good sign for the price upward rebound. The main target is the level of 101.23. Franc (CHF) General overview The franc has not changed significantly against the U.S. dollar and strengthened against the major currencies last week after the unexpectedly strong labor market data. The dollar slightly regained its position against the franc after the pair decreased to the level of 0.8860. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in a positive territory. The histogram is decreasing. Trading recommendations We advise long positions. The goal is 0.8975. After overcoming the first target buyers can go to the level of 0.9000.

"Fort Financial Services"- fundamental and technical analysis 08.07.2014 Fundamental analysis The Euro market is in a narrow range against the liquidity backdrop. From the published macroeconomic statistics we can highlight only the orders volume in the German industry. The index went much worse forecasted medians at - 1.7% on a monthly basis, indicating a decrease in the capacity utilization. This in turn is a negative factor for the European region as Germany is the Eurozone locomotive. The business activity index in the Germany construction sector in June fell to 15-month low which was due mainly to a fall in new orders. The ECB representative Noyer said that the ECB was ready to take all necessary measures to achieve the inflation level of 2%. The most important event in the USA will be the last Fed meeting protocols publication on Wednesday. The sales in the EUR/GBP cross-course support demand for GBP/USD not allowing the "bears" to take a technical correction to the short-term overbought background. After the British currency price drop to around of 1.7030 last week - the "bulls" are back on the market and are willing to open long positions. The investors took profits in global equity markets after a sharp rise during the week. In this regard as well, we have seen the partial long positions closing on the USD/JPY, which led to a small correction after upside quotations growth for 3 days in a row. Technical analysis Euro (EUR) General overview Last week session the euro selling was continued, as the single currency recorded losses against the "greenback", while were less ambitious than the previous day. Obviously, the emotions caused by the U.S. Labor Market report publication already influenced the euro/dollar rates and the ECB M. Draghi statements that the preparations for the quantitative easing is underway launch work now. This may cause the unconventional measures introduction to stimulate the economy and, consequently, influence a prolonged impact on the market. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. There is a confirmed and weak sell signal. The price is under the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The Cloud is directed downwards. The MACD indicator is in the negative territory. Trading recommendations The potential decrease target is the resistance level of 1.3610. The potential rebound target is the level of support 1.3570 that could lead to the south trendline movement. Pound (GBP) General overview The British pound continues to show a resistance to all the news coming from the outside market. Last Friday the sterling closed trading on opening prices against the dollar after a multidirectional consolidation in a narrow range. The pound support continued to provide good results for the economy, as evidenced by activity indicators, published on the week. PMI in all economy sectors - manufacturing, construction and services, had recognized that recovery, as new construction recorded a growth spurt. The British Pound continues to actively grow up, breaking on its way the temporary resistance. At this point, such resistance is represented by the inclined line of 1.7125, above there is an ongoing auction. The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in the positive territory. The indicator is decreasing. Trading recommendations The potential growth targets are the resistance levels 1.7200, 1.7250. Yen (JPY) General overview The pair is being traded lowering. Obviously, the other day of the U.S. long weekend the short-term investors decided to take profits and even a slight increase in the Nikkei index didn’t push the market to the increase the propensity to take risks. The dollar/yen is likely to grow due to the Central Bank policies polarity of these countries, and also in the "hawkish" statements character from the Fed leaders The trading is within rectangle levels of 101.30 - 102.70. Another approach to the strong support level of 101.30, which for the six months was knocked the price upwards was fallowed by a bounce. The price is finding the first support 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.60. There is a confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. Trading recommendations The volumes are decreasing not supporting neither northern nor southern movement. If the buyers get to the mark 102.70 at low volumes we expect a consolidation with a further price bounce upwards. Franc (CHF) General overview The dollar/franc will consolidate with a tendency to increase. The pair will stay with the support of a positive attitude to the dollar and the market demand for the Swiss currency in the growing euro/franc and declining franc/yen. We expect the June data on unemployment in Switzerland and Swiss National Bank gold reserves. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. There is a non-confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. Trading recommendations We advise to long with the first target - 0.8975. When the pair consolidates below the first target, we can start a deal to the level of 0.9000.

"Fort Financial Services"- fundamental and technical analysis 07.07.2014 Fundamental analysis The last week end was very rich on the macroeconomic statistics. The EUR/USD came under pressure amid the positive macroeconomic data from the United States. The Non-Farm index came significantly better forecasted medians at 288 thousand, besides the upwards revised data for May and April. The overall unemployment rate was also declined by 0.2% to 6.1%, as the hourly wages were increased by 0.2%. Such the strong data point us to a strong U.S. economic growth in the second quarter and now the Fed should decrease pessimism about the prospects for economic development. The single European currency selling was caused by ECB President Mario Draghi, who said that the low interest rates in the euro area would remain for a long time. As a result, "bears" took control under the situation. After the negative data publication on the service sector PMI index for the UK in June the investors decided to take profits on long positions. However, we saw a strong decrease in the GBP/USD on Thursday. Despite the positive statistics from the U.S. labor market - the "Bears" were able to push quotes only to the level of 1.7104, after which there was a technical rebound. Sales in the euro / pound cross - course, which set a fresh level for at least the past 20 months, were supported by demand for the British currency against U.S. dollar. The "Bulls" have made triumph on the USD/JPY for three consecutive days. The positive release non-farm cheered the participants to open the long dollar positions. Against this backdrop, the dollar/yen was able to overcome the figure 102 and consolidate above the resistance level of 102.16. Technical analysis Euro (EUR) The single European currency has collapsed against the dollar as it was under the double pressure. Less strong impact on the euro was provoked by the M. Draghi statements that the regulator is ready for the "unconventional measures" if it appears that the annual inflation rate in the euro area will remain at a low level more than it was expected. The second pressure source had a much stronger impact – the information about the strong jobs growth in the U.S. labor market has caused the European currency sharp falling. The sellers managed to break below the rising trend line of 1.3610 at the high volume and thereby exit the uplink direction in which the trade lasted four weeks. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. We have a strong sell signal. The price is below the Cloud and it is below the Chinkou Span. The Kijun-Sen is directed downwards. The cloud has stooped growing and is changing the direction. The downward movement will be until the price is below the Kijun-Sen. The MACD indicator is in a negative territory. The indicator is decreasing. Trading recommendations We advise to short with the first target – 1.3570. When the pair consolidates below the first target, we can start a deal to the level of 1.3520. Pound (GBP) The British pound continues to demonstrate its stability and maintains its position near the high levels reached earlier. The latest news impacted the currency. However, the pressure on sterling was of transient nature and as a result the "cable" closed the trading against the dollar by the almost opening prices - with only minor losses. Currently, the price is trading above intermediate resistance level of 1.7165, which is now managed to break up. Together with the level breakthrough the buyers failed to update this week maximum level of 1.7177 The price is finding the first support at 1.7160, the next one is at 1.7115. The price is finding the first resistance at 1.7220, the next one is at 1.7265. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Kijun-Sen is horizontal, the Tenkan-Sen is directed upwards. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in the positive territory. The histogram is decreasing. Trading recommendations We believe the growth will be continued. The first target is the level 1.7220. We do not exclude a corrective bounce to 1.7115. Yen (JPY) The Japanese currency showed the strongest fall against the dollar among majors. The messages from the U.S. labor market helped the pair to overcome the strong technical resistance levels to rise almost to the previous month maximum. In terms of prospects the yen decrease will be resumed under the U.S. statistics impressions influence. The key turning moment was the downward trend line breakout of 101.95. The trend break occurred at the volume that in the longer term points toward the continued growth. The price is finding the first support at 101.60, the next one is at 101.30. The price is finding the first resistance at 102.23. The price is above the Cloud and it is below the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The Tenkan-Sen is directed upwards, the Kijun-Sen is horizontal. The cloud is directed upward. The MACD indicator is in a positive territory. The histogram is growing. Trading recommendations The break of 101.90 was at high volumes, this break opens the way to the next resistance located at 102.70. Still we believe there will be the roll backs to 101.60. Franc (CHF) The manufacturing sector activity expansion continued in Switzerland in June, as it showed the report prepared by Credit Suisse. The analysts attribute the activity increase with export sales, which are supported by the regulation of the euro against the franc by the SNB. The U.S. June labor report publication supported the dollar, pushing it to grow. The U.S. Department of Labor message was clearly encouraging for the "bulls" on the dollar. The Non Farms increased by 288 thousand in June, not by 215 thousand as was expected, and the results of May and April were revised upwards to 224 thousand from 217 thousand and 304 thousand against 282 thousand, respectively. The unemployment level fell in June, despite the fact that this parameter changes were not expected. The price is finding the first support at 0.8920, the next one is at 0.8880. The price is finding the first resistance at 0.8950, the next one is at 0.9000. The price is in the Cloud and under Chinkou-Span, we have a weak buy signal. The upward movement remains until Kijun-Sen is above the price. MACD is in a positive territory. The indicator is growing. Trading recommendations We recommend to long to 0.8950.

Dear all forum users! As you already know, TradeFort company obtained an international license IFSC/60/256/TS/14. Due to that fact, TradeFort has successfully re-branded and since 29th of June works under a Fort Financial Services brand. We have tried to maximally improve our fundamental and technical analysis of financial markets. We hope, that you will appreciate the analysis we provide. We are looking forward to hear your comments and suggestions. Thank you for working with TradeFort and welcome to the international brokerage Fort Financial Services! Fort Financial Services - Citadel of Trading

​Trading time of CFD on futures on Independence Day (July 3-7, 2014) All-time Chicago (UTC-5) Index futures: Thursday, July 3rd 12:15 - early closing session 17:00 - opening session on Monday, July 7 Friday, July 4th 12:00 - early closure (all orders with terms removed DAY) Sunday, July 6 17:00 - trading shall be resumed Treasury futures and currency futures products: Thursday, July 3rd 16:00 - customary closing session 17:00 - opening session on Monday, July 7 Friday, July 4th 12:00 early closure (all orders with terms removed DAY) Sunday, July 6 17:00 - trading shall be resumed Energy, metals (NYMEX / COMEX): Thursday, July 3rd 16:15 - customary closing session 17:00 - opening session on Monday, July 7 Friday, July 4th 12:00 early closure (all orders with terms removed DAY) Sunday, July 6 17:00 - trading shall be resumed Agricultural futures (CBOT): Thursday, July 3rd 12:00 early closing session Friday, July 5 no trades Monday, July 7 8:30 opening session on Monday for cereals, 9:06 opening session on Monday for livestock products ICE (softs): Thursday, July 3 normal closing time Friday, July 4 no trades Monday, July 7 normal trading schedule (7:00 opening for cotton) ICE (index futures): Thursday, July 3 Rann closing at 12:15 Friday, July 4th early closing at 12:00 Monday, July 7 normal trading schedule ICE (currency and DX): Thursday, July 3 Rann closing at 12:00 Friday, July 4th early closing at 12:00 Monday, July 7 normal trading schedule EUREX, LIFFE, MATIF, ICE Europe - normal schedule all days *These days all department of the company work in regular schedule

Fort Financial Services – is international licensed brokerage company, that combines the time-tested reliability and innovative trading technologies. We do everything for comfortable trading of both professionals and beginners. Account types -Demo; -Flex newbie account; -Fort; -Flex; -Pro. Trading platforms -FortFs MT4 Terminal; -FortFs MultiTerminal; -Web-platform MetaTrader FORT; -Mobile MetaTrader 4 terminal (iPhone, iPad, Android, Windows Mobile); -One Click Trading; -CQG Trader; -CQG QTrader; -VPS - Virtual Private Server. Payment systems -SorexPay ; -PayOnline; -WebMoney;-Skrill; -NETELLER Payment Network; -Perfect Money; -Bank Wire. Fort Financial Services Ltd operates on the basis of international brokerage license IFSC/60/256/TS/13 issued by the International Financial Services Commission of Belize 15.04.2013, wich has been prolonged on 01.04.2014 under a license no. IFSC/60/256/TS/14. Trademark "Fort Financial Services" owned by Fort Financial Services Ltd Suite 5, Garden City Plaza,Mountain View Boulevard,Belmopan, Belize.

Fort Financial Services – is international licensed brokerage company, that combines the time-tested reliability and innovative trading technologies. We do everything for comfortable trading of both professionals and beginners. Account types -Demo; -Flex newbie account; -Fort; -Flex; -Pro. Trading platforms -FortFs MT4 Terminal; -FortFs MultiTerminal; -Web-platform MetaTrader FORT; -Mobile MetaTrader 4 terminal (iPhone, iPad, Android, Windows Mobile); -One Click Trading; -CQG Trader; -CQG QTrader; -VPS - Virtual Private Server. Payment systems -SorexPay ; -PayOnline; -WebMoney;-Skrill; -NETELLER Payment Network; -Perfect Money; -Bank Wire. Fort Financial Services Ltd operates on the basis of international brokerage license IFSC/60/256/TS/13 issued by the International Financial Services Commission of Belize 15.04.2013, wich has been prolonged on 01.04.2014 under a license no. IFSC/60/256/TS/14. Trademark "Fort Financial Services" owned by Fort Financial Services Ltd Suite 5, Garden City Plaza,Mountain View Boulevard,Belmopan, Belize.

Welcome to Fort Financial Services 29 June 2014 Dear Client! We are pleased to inform you that from 29 june 2014 TradeFort will start workingas a licensed broker Fort Financial Services. International License IFSC/60/256/TS/14, issued by International Financial Services Commission of Belize gives our company an opportunity to significantly expand our range of services. Now with Fort Financial Services you have several types of trading platforms available, wide range of diverse payment systems, banks and liquidity providers. You can trade more than 500 contracts in the familiar terminal MetaTrader 4.0, and in the new Web-platform that allows you to trade even on a computer with no terminal installed. Fort Financial Services gives an opportunity now to every client to trade directly on the World leading exchanges via unique terminals CQG Trader and CQG QTrader, which are the quality standards in the industry of trading. Using CQG, you will discover the professional level of trading on Forex, Futures, Options and Spreads, etc. You can use algorithmic trading, synthetic and interbank spreads, open transactions with a single click, view market depth, as well as instantly upload market data in Excel and HTML files. For all traders, Fort Financial Services has prepared additional bonus programs, VIP-privileges and contests with real cash prizes. As the company begins to work under the new brand name, you must check the updated regulations and accept them. All your current passwords, trade accounts, partner accounts, balances and bonuses, open positions and other data will remain unchanged and will be automatically transferred to your Cabinet in Fort Financial Services so you can continue your trading without any interruptions. You can continue to use trading terminal TradeFort, or download the new terminal Fort Financial Services. In case, you decided to refuse further cooperation with Fort Financial Services, the company initiates the termination of the Client Agreement on the 20.07.2014. In order to get familiar with reglaments and make a decision - enter your TradeFort Personal Cabinet. In case you have any questions our customer support specialists will be happy to assist you. Thank you for working with TradeFort and welcome to the international brokerage Fort Financial Services! Fort Financial Services - Citadel of Trading https://www.fortfs.com/

Welcome to Fort Financial Services 29 June 2014 Dear Client! We are pleased to inform you that from 29 june 2014 TradeFort will start workingas a licensed broker Fort Financial Services. International License IFSC/60/256/TS/14, issued by International Financial Services Commission of Belize gives our company an opportunity to significantly expand our range of services. Now with Fort Financial Services you have several types of trading platforms available, wide range of diverse payment systems, banks and liquidity providers. You can trade more than 500 contracts in the familiar terminal MetaTrader 4.0, and in the new Web-platform that allows you to trade even on a computer with no terminal installed. Fort Financial Services gives an opportunity now to every client to trade directly on the World leading exchanges via unique terminals CQG Trader and CQG QTrader, which are the quality standards in the industry of trading. Using CQG, you will discover the professional level of trading on Forex, Futures, Options and Spreads, etc. You can use algorithmic trading, synthetic and interbank spreads, open transactions with a single click, view market depth, as well as instantly upload market data in Excel and HTML files. For all traders, Fort Financial Services has prepared additional bonus programs, VIP-privileges and contests with real cash prizes. As the company begins to work under the new brand name, you must check the updated regulations and accept them. All your current passwords, trade accounts, partner accounts, balances and bonuses, open positions and other data will remain unchanged and will be automatically transferred to your Cabinet in Fort Financial Services so you can continue your trading without any interruptions. You can continue to use trading terminal TradeFort, or download the new terminal Fort Financial Services. In case, you decided to refuse further cooperation with Fort Financial Services, the company initiates the termination of the Client Agreement on the 20.07.2014. In order to get familiar with reglaments and make a decision - enter your TradeFort Personal Cabinet. In case you have any questions our customer support specialists will be happy to assist you. Thank you for working with TradeFort and welcome to the international brokerage Fort Financial Services! Fort Financial Services - Citadel of Trading https://www.fortfs.com/

27.06.2014 Fundamental analysis The U.S. currency lost some ground against its major rivals, the dollar index DXY basket finished trading at around 80.19. U.S. Department of Commerce has reported a significant decline in orders for durable goods in May and it's all happening on rising consumer confidence. The Final U.S. GDP for the 1st quarter struck another blow to dollar - an indicator went much worse than the forecast was, showing a decline to the level of - 2.9% qoq. Immediately after the publication the euro/dollar showed bullish sentiment. The GBP/USD has been under the pressure the whole week. Investors close long positions after the significant strengthening of the British currency. The internal conditions also did not contribute to the "bullish" sentiment - the retail sales release according to the Confederation of British industrialists showed in June the greatest reduction in the last 6 months, which is the first alarm signal. USD/JPY is still trading in a "sideways" in the absence of a strong news background prefers to copy the dynamics of trading in the stock markets of Japan and the United States. The sharp slowdown in orders for durable goods in the U.S. in May furthered the dollar weakening. Technical analysis Euro (EUR) General overview The euro has been the most stable in yesterday's session, as was able to keep most of conquests against the dollar, which has gained the support from the weak U.S. economy news. The same Eurozone economy data did not hurt the euro, while this news status is the same. We do not expect important news from the Eurozone. Perhaps we can get something from the started the EU summit. The price is finding the first support at 1.3570, the next one is at 1.3520 . The price is finding the first resistance at 1.3610, the next one is at 1.3670. The price is in the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. Trading recommendations The pair can grow to the resistance level of 1.3665. After breaking 1.3665 the buyers may go to 1.3720. Pound (GBP) General overview The effect from the statements made by M. Carney that weak wage growth in the UK can move to tighten monetary policy at a remote period, continues to press the pound. The growth is moderate. To return its loss the "cable" could after the weak U.S. economy data release. The price is finding the first support at 1.7000, the next one is at 1.6940. The price is finding the first resistance at 1.7040, the next one is at 1.7080. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD histogram is in the positive territory. Trading recommendations If buyers cannot break and consolidate above 1.7000 the second time, the downward trend will be continued. The potential decrease targets are two levels of support: 1.6940, 1.6900 - 1.6895 Yen (JPY) General overview The dollar/yen also fell after the weak U.S. economy release in the 1st quarter. However, technical factors showed a strong support that had allowed the price to return almost to their original positions. The political moment - Prime Minister Abe performance that was dedicated to the reform and the economic recovery, has not affected the market at all. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in a neutral territory. Trading recommendations The price is likely to go to the downward trend line 101.95 - 101.90 The approach to this line may lead to a price rebound down. The potential rebound target is the level of support 101.50 Franc (CHF) The dollar weakened across the board after the U.S. Commerce Department reported that gross domestic product contracted at an annualized rate of 2.9% in the first three months of this year compared with the consensus forecast decline of 1.7%. Initially it was reported that in the first quarter U.S. GDP increased by 0.1%, but the data were subsequently revised to a decrease of 1.0%. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The downward movement remains until Kijun-Sen is above the price. MACD is in the negative territory. Trading recommendations We advise to short with the first target - 0.8903. When the pair consolidates below the first target, we can open deals to the level of 0.8855.

26.06.2014 Fundamental analysis EUR/USD was trading in a flat again despite the negative macroeconomic data from the Eurozone. The IFO business climate release in Germany in June came out worse than median forecasts showing a decline for the second month in a row which is quite a wake-up call for the leading economy in the Eurozone. After that the euro/dollar fell but then managed to regain lost ground. The macroeconomic statistics from the U.S. market presented a pleasant surprise - housing sales in the primary market in May totaled a record 18.6% which shows the restoration of the property market and the consumer confidence increase. The dollar rates have responded to this positive report with a growth. The GBP/USD remained under pressure after the BoE’s leaders’ inflation speech in the Parliament. The regulator decided to slow down this time and gave a restrained assessment of the prospects for an economic growth in the future after the first rate growth. Investors took it negatively and began to sell the British currency. The USD/JPY left the side range. The USA market did not please the market with positive consumer confidence statistics and housing sales in the primary market which confirmed a steady upward trend in the U.S. economy. In the light of this there was a quotation increase on the world's leading stock markets, the U.S. S&P500 once again set a new historical high. However, at the trading day closing investors decided to take profits on the stock markets, whereby observed sell risky assets. Technical analysis Euro (EUR) General Overview Euro showed mixed trading against "greenback". German Ifo Institute published unpleasant data for the euro - in June confidence in the German business community weakened more than everyone expected. During June, the sentiment index was 109.7 points, according the forecast we expected a decline to 110.2 from 110.4 level in May. Taking into the consideration this weak newsflow we believe the pair will not change the positions and will continue trading in a range. The price is finding the first support at 1.3610, the next one is at 1.3570 . The price is finding the first resistance at 1.3670, the next one is at 1.3710. The price is above the Cloud and it is above the Chinkou Span. The Kijun-Sen is directed upwards. The cloud is directed upward as well. The upward movement will be continued until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. The histogram is growing. Trading recommendations We believe the growth will be continued now. The first target is the level 1.3670. We do not exclude the falls to 1.3610. Pound (GBP) General Overview There pound was very vulnerable the other day. The currency fell against the dollar and the euro after Mark Carney mentioned his plans about the bank policy. Speaking in parliament, the regulator expressed his concerns about the slow growth of wages in Britain, saying that perhaps it would affect the plans of the Central Bank regarding interest rates. The price is finding the first support at 1.6940, the next one is at 1.6860. The price is finding the first resistance at 1.7000, the next one is at 1. 7040. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is under the Kijun-Sen. The Cloud is directed upwards. The MACD histogram is in the positive territory. The indicator is descending. Trading recommendations The pair direction is not certain. The pair is near the cloud boundary so we can expect the bounce up. If the GBP/USD enters the cloud the buy signal will be weakened and the price might go down to 1.6940. Yen (JPY) General Overview The dollar/yen showed mixed trading the first part of the yesterday having fallen at the end of the day. When the market saw U.S. positive economic reports the pair fell sharply having fixed the yen buying. It is unlikely that this instrument will change the activity. We expect the consolidation to be continued. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is below the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. Kijun-Sen and Tenkan-Sen are horizontal, both lines are directed down. The MACD indicator is in a neutral territory. Trading recommendations The trend is a down side. We expect the level of 101.60 testing soon. Franc (CHF) General Overview Once data from the United States demonstrated that CPI and housing sales grew the USA prospects for an economy recovery improved. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The downward movement remains until Kijun-Sen is above the price. MACD is in the negative territory. The indicator is descending. Trading recommendations The downward movement will be continued. The pair will go to 0.8880 soon.

25.06.2014 Fundamental analysis The first part of the week was inert for EUR/USD, it was marked by a low activity and trading in a range. In the Asian session, the dollar was sold slowly against all majors after the strong data from China publication that had supported the risk appetite. Sales in the secondary housing market in the United States continued to rise in May, the second consecutive month, surpassing expectations, indicating that the acceleration of the recovery of the American housing market. The euro changed little after the market saw business activity in France and Germany which came weaker than expected. Activity in the manufacturing sector fell in France to 6-month low, while in the eurozone - to 7-month. The British pound like the euro strengthened at first and then fell against the dollar. The pair finished the day on opening prices. There was not much news from the UK. We can only highlight the Bank of England lending report. The British regulator noticed that investment companies are recoverying having increased the demand for loans. He believes their prospects are optimistic and expect a further increase in demand for loans. The market ignored the positive economic statistics in a public sector borrowing Britain. Technical analysis Euro (EUR) The euro was growing against the dollar earlier this week. This growth was triggered by optimism publications from China. However, with the start of the European session, the interest to the single currency was returned and the pair returned to its original positions. In the end, the day was closed on opening prices, and the mistrust to the growth was caused by the low activity in the euro area, that showed a decrease in the leading countries of the EU and the unit as a whole. ECB is preparing to quantitative easing. ECB official Nowotny said that the recovery in the euro area was weak, inflation would remain significantly below the target level until 2016 - and the ECB was interested in slowing down the strength of the euro. EURUSD is correcting to a strong support level 1.3570. The price is finding the first support at 1.3570, the next one is at 1.3520 . The price is finding the first resistance at 1.3610, the next one is at 1.3670. The price is in the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. Trading recommendations If sellers are able to break through 1.3570 support down in the longer term the pair will approach to 1.3520, then we expect a retest of 1.3500. Pound (GBP) The pound rose slightly amid the Bank of England credit conditions survey which had shown an increase in loans demand in the UK companies the second consecutive quarter. The representative of the Bank of England, Miles said that the recovery in the UK had stabilized and the Bank of England should start raising interest rates in the coming months to maintain a strong economy. From the resistance level 1.7055 the pair bounced back last week. The current decline is not supported by volumes, still it allowed sellers to break below the rising trend line of 1.7020. The price is finding the first support at 1.7000, the next one is at 1.6940. The price is finding the first resistance at 1.7040, the next one is at 1.7080. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD histogram is in the positive territory. Trading recommendations If sellers do not break below the support, we expect a rebound to 1.7055. The break up 1.7055 will open the way to 1.7100. Yen (JPY) The yesterday’s trading ended with a growth, the cause of which probably was the performance of the Bank of Japan governor Mr. Kuroda, who said that inflation could stall the summer, but then resume its growth in the direction of 2.0%. There is a symmetrical triangle at the 4-hour chart and the pair is being traded in it. Its boundaries are downward trend line 102.05 and the lower boundary is a line 101.85 from which there is a short-term bounce upward. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in a neutral territory. Trading recommendations We expect the 102.05 line break that will open the way for the buyers to 102.25, further then towards 102.70. Franc (CHF) The U.S. currency continued to weaken waiting the data that can show the goods orders index weakening in a long-term and the slowdown in sales in the U.S primary housing market. According to a statement released the other day SNB Swiss franc was overvalued in May by 12%. The assessment was made against a basket of currencies of 40 trading partners. In April figure was 12.5% overvalued. The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The downward movement remains until Kijun-Sen is above the price. MACD is in the negative territory. Trading recommendations We suppose the pair will go to 0.8920 first. Having overcome the first target the price might go down to 0.8880.

24.06.2014 Fundamental analysis The EUR/USD was moderately decreased after the long positions had been closed. The bearish sentiment prevailed amid the lack of the news. The Eurozone consumer confidence in June came out worse than the forecast was which only confirms the negative trends in the region economy. This week we expect the pair to grow further as it has all conditions for it. The pound is still supported by the BoE rate growth expectations. Traders believe it will happen much earlier than the Federal Reserve plans. The BoJ said that the monetary authorities were ready to change the policy without hesitation if any risk appears. This statement is confirmed by the fact that despite all the positive comments about the prospects for economic growth - The Central Bank is still concerned about the sales tax increasing which took place on April 1. In the light of this the negative reports will support the USD/JPY in the future. The world's leading stock market closed the trading week with a steady growth in a price which supported the demand for the pair last Friday. Technical analysis Euro (EUR) General overview The euro has strengthened against the greenback. The impulse for buying euro was received by the U.S. central bank after its meeting results that had upset the "bulls" with the lack of any inflexibility. However, euro was again under pressure, probably in addition to technical factors it can be explained by the lack of a confidence in the sustainable single currency after the ECB took a course on easing policy and regularly reminds the market that the incentive measures are real in the near future. For the second time buyers were able to break above the strong resistance level of 1.3590. The first level breakthrough was stopped by the descending trend line 1.3640. After the second breakdown, the buyers may test the trend line again. The price is finding the first support at 1.3570, the next one is at 1.3520 . The price is finding the first resistance at 1.3610, the next one is at 1.3670. The price is in the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in the positive territory. Trading recommendations The volumes are in the downgrade zone. Apparently, another approach to the trend line 1.3630 would lead to the price bounce downward. The bounce potential target will be performed by the support level of 1.3590, which is located in the uplink lower boundary. Pound (GBP) General overview The British sterling slowed its growth against the dollar. There was not so much economic data, in fact, the only information published was about the UK public sector net borrowing in May, but the "cable" could not grow on this support as the borrowing was higher than last year and amounted to 13.3 billion British pounds against 8.7 billion previously, an increase of the budget deficit. The resistance level of 1.7000 breakthrough was followed by a pull back. The rollback target is the support level 1.7000 which price approached on the decreasing volumes. The rising trendline is located on the 1.7000 support level, which will serve as the further obstacle to the sellers. The price is finding the first support at 1.7000, the next one is at 1.6940. The price is finding the first resistance at 1.7040, the next one is at 1.7080. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in the positive territory. Trading recommendations The 1.7000 mark retest is more likely to lead to the short-term consolidation. Then we expect the price bounce up. The bounce potential target is the next resistance level of 1.7054. The break of this level will open the way up to 1.7100. Yen (JPY) General overview All the last week, the dollar/yen pair was traded under the U.S. government debt influence, as well as the messages from the Fed's decisions on monetary policy. This provoked multidirectional activity in a rather narrow sideways range. The BoJ head Kuroda confirmed the readiness without hesitation to correct the policy if the inflation returns to earlier levels. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. There is a weak and non-confirmed sell signal. The price is under the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in a neutral territory. Trading recommendations For the third time in the last three months, the buyers can approach the level of 102.65. If the approach occurs on the declining volume, it is likely to bounce down. The bounce potential target is the strong support level of 101.35. Franc (CHF) General overview The franc grows following the euro. The FOMC meeting was in focus. On its results the Fed buying volume decreased from $20 billion to $15 billion. According to the Fed's the economy has grown in recent months: the GDP growth forecast for 2015 is 3% to 3.2%; forecast for 2016 is between 2.5% to 3%. The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The downward movement remains until Kijun-Sen is under the price. MACD is in the negative territory. Trading recommendations We advise to consider short positions with the first target - 0.8903. When the price consolidates above the first target it will go to the level 0.8855.

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23.06.2014 Fundamental analysis The other day we saw the U.S. currency weakening against its major rivals again, as the DXY dollar index basket finished the trading day at around 80.32. The EUR/USD in the first half of the day got stronger against the U.S. Federal Reserve decision to not change the monetary - credit policy in early 2015. At the moment the price reached the level 1.3643 and then the US positive static and Initial Jobless Claims publication investors closed long positions. The Initial Jobless Claims came out slightly better than the median forecast. The British pound shows volatility- despite the negative macroeconomic statistics on the retail sales in May the GBP/USD has set a fresh high for the past 5 years. The Fed decision to keep the rates at low levels for a long time after the QE-3 program is over outweighed all the negative factors and during the day we could see the pound steady growth against the U.S. counterpart. Despite the stock markets growth - the "bulls" did not hurry to open long positions in the USD/JPY. The demand for the pair returned only after the price drop to around 101.73 and we could observe it in the 102 figure recovery area. Certainly, The FOMC spoiled the dollar "sentiment", which wasn’t in a hurry to strengthen against the Japanese currency. Technical analysis Euro (EUR) General overview At the beginning of Thursday's euro continued the growth against the U.S. dollar in the light of the latest news from the Fed which disappointed investors who expected a more firm attitude regarding the monetary policy. However, towards the end of the day, the single currency lost some positions in the light of the U.S. economy good statistics. The loss could be provoked by the ECB's statements about the Institute readiness together with other major Central Banks to start, if necessary, the assets purchase in order to avoid the low inflation long period. The strong resistance level breakthrough 1.3600 led to the euro strengthening against the U.S. dollar. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. The price is in the Cloud and it is above the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in positive territory. Trading recommendations It is likely to expect the downward trend formation in the longer term from the down channel resistance 1.3635. The bounce from 1.3635 will allow sellers to return to the strong support level 1.3600. The break of this level will open the way down to 1.3520. Pound (GBP) General overview The British pound continued its upward march against the U.S. dollar and reached its highest level since 2008. The pound support continues to come from the view that the BoE will be the first Central Bank, which will raise rates. Statements by "Old Lady" representatives about the need to begin to tighten the policy were softer than expected, the difference between the Fed position and the BoE supports the sterling. The price is finding the first support at 1.7040, the next one is at 1.7000. The price is finding the resistance at 1.7080. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in positive territory. Trading recommendations The nearest target of the correctional wave will is the support level 1.7000, or rising trendline 1.6980 - 1.6990. The retest is more likely to be accompanied by the consolidation. We expect the upward trend continuation. Yen (JPY) General overview The Japanese currency traded against the dollar in a sideways range and closed at opening price. At the beginning of the last session the yen strengthened amid the traders’ displeasure with the Fed position, and it fell by the session end, obviously because of the positive emotions caused by the U.S. economic statistics presented at the American session. Throughout the last trading week the sellers failed to break below 101.75 support level above which it continues the trading in the real time. The price went up to the level 101.75 at the lower volumes, but there is a breakthrough rising trend line 101.90. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in neutral territory. Trading recommendations The false support level 101.75 retest can correct the price upwards in the short term. The potential correction target is the mark 102.00 Franc (CHF) General overview The Swiss National Bank, as analysts predicted, kept interest rates unchanged and is "ready to buy unlimited amount of foreign currency" if necessary. Thus, the Central Bank has confirmed its intention to continue to support the low interest rates policy, as well as limit the Swiss franc growth The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.9000. The price is under the Cloud and under Chinkou-Span, that’s a weak and confirmed sell signal. The upward movement remains until Kijun-Sen is under the price. MACD is in the negative territory. Trading recommendations The break below 0.8908 would target the pair to the support area 0.8882/96.

20.06.2014 Fundamental analysis This week main event was the U.S. Federal Reserve meeting announcement. The regulator as it was expected earlier decided to taper the QE-3 incentive program further having cut $10 billion more from July 1. The guidelines on the monetary-credit policy tighten remained unchanged - the federal funds rate growth will not happen before 2015. The only one of 16 leaders suggested that the Fed could raise the interest rates in the late 2014. The Reducing unemployment and the moderate inflation were positively received by the FOMC members in recent months. The only thing that upset the "bulls" was the current year economic growth forecast decrease while the 2015 and 2016 forecasts remained unchanged. The Chairman Yellen said that "the Fed intends to keep rates near zero for a long time after the bond buying completion." The pound fell after the Bank of England last meeting minute’s publication, but then leveled all the losses. The minutes signaled about the possible, but unlikely rates increase in 2014. Technical analysis Euro (EUR) General overview The European currency rose slightly against the dollar. There was no news from the Eurozone still the information expectations from the Fed kept the single currency in a narrow range during the Asian and European sessions. The impulse to small-volume euro buying was given by the American Central Bank messages, which does not set the market on the dollar credibility. The news statements of the possible monetary policy easing extension for the Eurozone for the low inflation battle can reduce the interest to the single currency which continued to strengthen against the dollar. The downward trend was stopped at the support level 1.3520. The continuous price consolidation at 1.3520 became a good signal for a trend change and a short-term growth to the strong resistance level 1.3610 region. The price is finding the first support at 1.3570, the next one is at 1.3520. The price is finding the first resistance at 1.3610, the next one is at 1.3670. There is a non-confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD indicator is in positive territory. Trading recommendations The U.S. dollar general correlation is aimed at lowering that gives additional reasons for the rising trend continuation. The buyers need to break above 1.3610 for a steady growth. The way to the mark 1.3670 will be opened after this breakthrough. Pound (GBP) General overview The UK market's reaction after the Fed minutes publication was similar to the one at other basic tools - the pound slightly rose against the dollar after multidirectional movements. However, the increased volatility even in the European session happened because of the last BoE meeting published protocols. The British pound broke the 1.7000 strong resistance the second time. If the first retest happened at the lower volumes, the second one occurred at the strong ones. The price is finding the first support at 1.7000, the next one is at 1.6940. The price is finding the first resistance at 1.7040, the next one is at 1.7080. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The upward movement will be until the price is above the Kijun-Sen. The MACD histogram is in positive territory. Trading recommendations Currently, the price is trading above the resistance level 1.7000 which has already become the support. The potential growth targets are the resistance levels: 1.7050, 1.7100. Yen (JPY) General overview The traders did not like the Fed data. The dollar returned under the pressure and recorded losses on the day. The sharp the U.S. "Treasuries" yield falling pushed investors to the dollar selling, which rose and returned all the previous session losses on the meeting outcome of the American Central Bank. The bounce from the resistance level 102.30 was accompanied with the U.S. dollar decrease against the Japanese yen to 101.85 uptrend line. The sellers approached the trendline on the strong volumes which in the long term can lead to a breakthrough and a downward trend continuation. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. There is a non-confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The downward movement will be until the price is under the Kijun-Sen. The MACD indicator is in neutral territory. Trading recommendations After the trend line 101.85 breakthrough down the way to the support 101.50 will be opened. Franc (CHF) General overview The market worsening attitude to the dollar and the demand for the Swiss currency in the growing franc/yen will add pressure on the USD/CHF. The economic sentiment index fell in Switzerland according to ZEW-Credit Suisse to 4.8 in June from 7.4 in May had the negative impact on the market sentiment against the Swiss franc The price is finding the first support at 0.8920, the next one is at 0.8890. The price is finding the first resistance at 0.8950, the next one is at 0.900. The price is under the Cloud and under Chinkou-Span, that’s a strong and confirmed sell signal. The downward movement remains until Kijun-Sen is under the price. Trading recommendations We recommend the short positions with the first target - 0.8920. When the price consolidates below the first target it will go to the level 0.8880.

16.06.2014 Fundamental analysis The single currency has slowed its decrease against the U.S. counterpart. The EUR/USD lost symbolic 0.1% yesterday. In the absence of important macroeconomic statistics from the EU and the U.S. – that’s why traders did not hurry to open positions. The UK April positive unemployment report has supported the demand for the GBP/USD. The index went slightly better than the forecasts at 6.6%. The Average Earnings Index in April showed a value 0.7%, the lowest level since March 2013. This factor is negative for the inflation growth and the UK inflation is below the target level 2% now. The USD/JPY traders received the first "wake-up call" from Japan - the BSI for large manufacturers in the second quarter showed a decrease to the level -13.9, which is the lowest in the last 11 quarters. This negative release casts doubt optimistic statements by the Bank of Japan about the prospects for economic growth. Against this backdrop, there were sales on the stock exchange in Tokyo, which in turn put pressured the pair. Technical analysis Euro (EUR) The pair could get out of the low and then returned above its last trading range. The weak statistical data from the U.S. was the reason for this; therefore, we expect no less important news from the United States today to close the trading day with some volatility. The retail sales in the United States disappointed players. It is worth mentioning that this does not support the American economy, which depends on consumers. The price is finding the first support at 1.3520, the next one is at 1.3480 . The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The downtrend movement will be until the price is under the Kijun-Sen. The MACD indicator is in negative territory. Trading recommendations We expect a decrease to the level 1.3480. The next growth wave can start after that. The growth wave target is the level 1.3670 breakdown. Pound (GBP) The GBPUSD has quite moderately grown over trading Friday, whereupon made a sharp rise at the end of the day after the Central Bank of England Mark Carney statements who reported that interest rates in the UK can be increased even earlier than that expected by the market. Naturally such a statement has caused a sharp rise in a quotes pair, because the market has played out its expectations and perhaps at this stage it is not over. The price is finding the first support at 1.6940, the next one is at 1.6860. The price is finding the resistance at 1.7000. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The uptrend movement will be until the price is above the Kijun-Sen. The MACD histogram is in positive territory. Trading recommendations The pair continues its growth wave. We not exclude 1.7025 level testing. We believe the price to continue decrease to the target 1.6655. Yen (JPY) On the eve the yen managed to preserve its achievements against the U.S. dollar and the euro as a result of the Central Bank of Japan statement. The Bank of Japan again repeated its commitment to direct a steady increase in the size of its own program for the assets purchase, but kept the fund's assets total number without any changes at the level 70 trillion yen (almost $ 879 billion). Also, the Central Bank of Japan expanded its bond buyback, starting with $ 40 trillion yen up to 45 trillion yen (almost $ 564 billion) although at the same time reduced the lending program, starting with the 30 trillion yen up to 25 trillion yen. It should be noted that the Central Bank of Japan, using an anonymous vote, left the previously established interest rate without any changes in the range of 0-0.1 percent, and also reported on the outlook for moderate growth in the economy, even with the global environment uncertainty high degree. The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. There is a confirmed and weak sell signal. The price is under the Cloud and it is under the Chinkou Span. The downtrend movement will be until the price is under the Kijun-Sen. The MACD indicator is in negative territory. Trading recommendations The pair continues to sell to the level 102.23 (minimum). Next, we expect the continued decrease development. The next goal is the level around 100.50.