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"Fort Financial Services"-fundamental and technical analysis


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#581
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
20.04.2017
 
Euro
 
Current situation
 
The EUR/USD eased-off during the night trades amid the US dollar recovery. The recovery, however, was short-lived and ended in the morning when buyers returned. The price slightly grew and reversed all its night losses by the morning. The upward momentum disappeared in the mid European session. The price reversed its direction and moved towards 1.0700. The resistance is at 1.0750, the support comes in at 1.0700.
 
Trading recommendations
 
A growth above the 1.0750 level will favor an advance up to the 1.0800 region. However, inability to move higher may cause some profit-taking towards 1.0680.
 
13598212.jpg
 
Pound
 
Current situation
 
After posting fresh highs the pound stepped back giving the way to the US dollar. The pair was declining the whole night and reached 1.2800 by noon. The resistance lies at 1.2900, the support comes in at 1.2800.
 
Trading recommendations
 
A sharp breakout above 1.2900 could spark a further incline towards 1.3000. However, the major is overbought and we expect a pull back and return to 1.2700.
 
13605380.jpg
 
Yen
 
Current situation
 
The USD/JPY pair caught fresh bids in overnight markets. The spot bounced off 108.30 in the Asian session and headed upwards erasing all the night losses. The US dollar bulls continued pushing the major higher during the day trades and approached 109.00 in the late European session. The resistance is highlighted at 109.00, the support comes in at 108.00.
 
Trading recommendations
 
We will place buy orders if USDJPY does a breakout at the resistance level of 109.00. A rebound here will return the spot to its lows.
 
13612548.jpg 
 
USD/CAD
  
Current situation
 
The US dollar opened green against its Canadian peer. The US dollar was strengthening on Wednesday, sending USD/CAD to fresh 9-day highs. Buyers broke 1.3400 in the morning and led the major higher afterwards. The price reached 1.3420 in the late European session. The resistance is highlighted 1.3470, the support comes in at 1.3400.
 
Trading recommendations
 
We still hold the view that the pair USD/CAD will struggle to climb north of 1.3470. Buyers aimed at 1.3450 first and at 1.3470 secondly.
 
13607428.jpg 
 
XAU/USD
 
Current situation
 
Gold prices remained in a wide range between 1290 and 1280 dollars per ounce. The price reached the upper band of the channel on Tuesday. However, buyers failed to retake the level. Bears regained control on Wednesday sending the price to 1280, thus erasing all Tuesday’s gains. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.
 
Trading recommendations
 
In order to recover some strength, XAU/USD needs to rise back and hold above 1290 dollars per ounce.
 
13571589.jpg
 
Brent
  
Current situation
 
Brent oil prices opened in red figures and extended its downward bias a bit. Oil prices turned bullish in the mid-Asian session. The benchmark started to grow and reached 55.00 later the day. The resistance lies at 55.50, the support comes in at 54.50 dollars per barrel.
 
Trading recommendations
 
A close below the support at 54.50 could send oil price down to 53.50 dollars per barrel.
 
13572613.jpg
 
DAX
 
Current situation
 
DAX was trying to recover on Wednesday. The index opened at 12000 and grew up to 12047 by noon. The resistance lies at 12100, the support comes in at 12000 dollars per barrel.
 
Trading recommendations
 
We believe the bearish trend will remain intact. When we break the level of 12000 the support 11900 will come back into play. 
 
13581829.jpg
 
NASDAQ
 
Current situation
 
NASDAQ gapped higher at the open on Wednesday. The index held a bullish tone afterwards. The benchmark continued moving higher the whole night and the morning and reached 5406 in the late European session. The resistance is at 5420, the support comes in at 5380.
 
Trading recommendations
 
If the upward pressure persists buyers will return NASDAQ above 5420. 
 
13580802.jpg
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg
 

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#582
ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
25.04.2017
 
Euro
 
Current situation
 
EUR/USD gapped higher to fresh 2017 highs at the open on Monday. The upward impetus lasted up to 1.0900 where it lost its legs. The spot weakened immediately after that and dropped to 1.0850. Sellers made an attempt to reclaim the level but failed as the handle was well defended by buyers. Sellers kept struggling for the level the first part of the day. The resistance is at 1.0900, the support comes in at 1.0850.
 
Trading recommendations
 
As the most probable scenario, we consider further moving downwards towards the level at 1.0800.  We believe the euro may strive to fill the gap in the coming sessions. However, should buyers stay in a driver’s seat they will lead EUR/USD to 1.0900.
 
13634267.jpg
 
Pound
 
Current situation
 
Despite a positive start the pound turned bearish afterwards. The major jumped higher at the open and reached 1.2835. However, the upward momentum faded after that. Sellers started to push the price lower in the Asian session and returned the pair to 1.2800. The Cable found fresh bids around the level and managed to reverse some night losses by noon. However, the overall picture remained the same in the first part of the day, the GBP/USD pair kept sideways trades. The resistance lies at 1.2900, the support comes in at 1.2800.
 
Trading recommendations
 
If sellers succeed to break the level 1.2800 the 1.2700 support seems the next probable bearish target.
 
13646555.jpg
 
XAU/USD
 
Current situation
 
Gold prices had a negative start to the day. The price fell from 1284 to 1266 dollars per ounce. Sellers failed to maintain the ask tone and had to retreat. Buyers used that chance to erase some losses. However, they did not succeed pretty much. Sellers regained control in the mid-Asian session and returned the spot to 1270. The resistance is highlighted 1280, the support comes in at 1270 dollars per ounce.
 
Trading recommendations
 
After breaking 1270 the level of 1260 will come back to the radar.
 
13641435.jpg
 
DAX
 
Current situation
 
DAX gapped higher at the open. The index maintained its bid tone afterwards and reached 12350. Buyers maintained control afterwards and reached 12400 by noon. The resistance lies at 12400, the support comes in at 12300.
 
Trading recommendations
 
All eyes are right now at the resistance level 12400.
 
13642459.jpg
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg

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#583
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"Fort Financial Services"- fundamental and technical analysis.
 
01.05.2017
 
Euro
 
Current situation
 
After a night decline buyers seemed to have regained control in the morning. The pair found fresh bids around 1.0850 and quickly reversed the majority of its early losses. The spot was growing the whole morning and broke 1.0900 in the mid-European session. Buyers advanced further afterwards and tested 1.0950 in the late European session. All technical indicators were positive. The resistance is at 1.0950, the support comes in at 1.0900.
 
Trading recommendations
 
Bulls are back in town. Once we break above the 1.0900 level, we think that the 1.0950 level will be next.
 
13778385.jpg
 
Pound
 
Current situation
 
Buyers took a pause during the night trades gathering steam for a new move higher. The morning brought fresh volatility to the market. Buyers continued their winning streak driving the pound higher. The major left 1.2900 and advanced to 1.2950. All technical indicators were positive. The resistance lies at 1.3000, the support comes in at 1.2900.
 
Trading recommendations
 
The pair may grow above the resistance level 1.3000 in the coming sessions. However, the hurdle may become an obstacle for the major. There is a possibility that the pair will bounce off the resistance after touching it.
 
13783505.jpg 
 
USD/JPY
 
Current situation
 
The USD/JPY pair was in a side-trend the first part of the day. The price was moving back and forth between 111.00 and 111.40. The technical indicators were mixed. The resistance lies at 112.00, the support comes in at 111.00.
 
Trading recommendations
 
Any move above 111.50 would increase chances of testing the 112.00 level. However, a weak US docket may send the price back to 110.00.
 
13793745.jpg
AUD/USD
 
Current situation
 
AUD/USD remained flat on Friday. The price was fluctuating between 0.7450 and 0.7480 the first part of the day. The technical indicators were mixed. The resistance lies at 0.7500, the support comes in at 0.7450.
 
Trading recommendations
 
We believe the pair will remain in red figures. We await a break below 0.7450 to trigger another leg lower.
 
13802961.jpg
 
XAU/USD
 
Current situation
 
Gold was flat on Friday. The spot was neutral-to-bullish the first part of the day. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260 dollars per ounce.
 
Trading recommendations
 
A close above 1270 will generate fresh bullish signal for further advance, which could extend to 1280 barrier.
 
 13796817.jpg
 
Brent
 
Current situation
 
Brent bullish spike faded after the benchmark touched 52.00. The price reversed its direction after that and headed towards 51.50. All technical indicators were negative. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.
 
Trading recommendations
 
A daily close below 51.50 would risk 50.50 dollars per barrel.
 
 13811153.jpg
 
DAX
 
Current situation
 
DAX continued its trades between 12500 and 12400. The price continued its slide after opening and reached 12400. The benchmark pulled back and returned to the opening prices after that. All technical indicators were mixed. MACD and RSI showed a correction while the EMAs gave us a buy signal. The resistance lies at 12500, the support comes in at 12400.
 
Trading recommendations
 
The price eyes strong support at 12400 loss of which would trigger further weakness towards 12350.
 
13816273.jpg
 
NASDAQ
 
Current situation
 
NASDAQ was flat hovering above 5580 the first part of the day. The price was almost unmoved staying around 5590. All technical indicators were positive. The resistance lies at 5620, the support comes in at 5580.
 
Trading recommendations
 
We still hold the view that the price will struggle to climb north towards 5620.
 
13826513.jpg
 
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg
 

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#584
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
02.05.2017
 
Euro
 
Current situation
 
The EUR/USD pair stayed around its local lows on Monday. The spot slightly weakened during the night trades. Sellers broke the 1.0900 support but failed to leave its region. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI pointed to a pull back. The resistance is at 1.0900, the support comes in at 1.0850.
 
Trading recommendations
 
The immediate risk is still clearly on the downside but we prefer to wait for a daily closing below 1.0850 before we continue selling.
 
13822310.jpg
 
Pound
 
Current situation
 
The pound eased off from last week high as traders decided to book some profits. The major weakened to 1.2900 where the decline stalled. The technical indicators were mixed. The EMAs gave us a buy signal while MACD and RSI moved to the downside. The resistance lies at 1.3000, the support comes in at 1.2900.
 
Trading recommendations
 
A break below 1.2900 will show room for further downside. In this potential scenario sellers will push the spot to 1.2800.
 
13775207.jpg
 
USD/JPY
 
Current situation
 
The pair held a bullish tone on Monday. A rebound from 111.20 lifted the spot out of the red. USD/JPY was growing the whole night and the morning. The pair approached 112.00 by noon. The technical indicators were positive. The 50-EMA crossed the 100-EMA upwards. MACD and RSI grew north. The resistance lies at 112.00, the support comes in at 111.00.
 
Trading recommendations
 
If the upward pressure persists a breakout of 112.00 would aim traders for 113.00.
 
13783399.jpg
 
USD/CAD
 
Current situation
 
USD/CAD opened on a positive note on Monday. Buyers were driving the US dollar upwards the whole night and broke 1.3660 in the mid-Asian session. Buyers extended their gains up to 1.3686 afterwards where they lost steam. The spot stopped its advance and slightly eased. The technical indicators were positive. The resistance lies at 1.3680, the support comes in at 1.3610.
 
Trading recommendations
 
Above 1.3680, USD/CAD will likely target 1.3750 resistance. 
 
13789543.jpg
 
XAU/USD
 
Current situation
 
Gold failed to sustain Friday's recovery. The spot just tested 1270 and reversed its direction. The pair pulled back in the Asian night and reached 1260 in the mid-Asian session. The level limited sellers' advance who stopped at the level struggling hard to break it through afterwards. The technical indicators were mixed. The resistance is highlighted 1270, the support comes in at 1260 dollars per ounce.
 
Trading recommendations
 
A break below 1260 would open up the way for a move to 1250 dollars per ounce.
 
13808999.jpg 
 
Brent
 
Current situation
 
Brent gapped higher at the open on Monday. However, bulls failed to maintain the bid tone. Brent oil prices remained in a tight range between 51.50 – 51.70. The EMAs pointed to the downside while MACD and RSI were neutral. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.
 
Trading recommendations
 
We expect to see renewed bearish pressure. After breaking 51.50 the level of 50.50 will come back to the radar.
 
13812071.jpg 
 
NASDAQ
 
Current situation
 
NASADQ remained in an upward channel on Monday. The price bounced from its lower limit at the open and reversed all its Friday’s losses. The technical indicators were positive. The resistance lies at 5620, the support comes in at 5580.
 
Trading recommendations
 
We preserve our bullish views. We believe the next level to focus on is 5620.
 
13774180.jpg
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
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#585
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
03.05.2017
 
Euro
 
Current situation
 
The EUR/USD pair feels comfortable around 1.0900. The price has been trading in the current range (1.0900 – 1.0920) about a week and seems to have no intentions to leave it. The spot grew to the upper limit of the sideways channel in the night. Buyers reached 1.0924 but failed to extend their gains afterwards. Buyers had to step away allowing the major to erase some night gains during the day trades. The resistance is at 1.0950, the support comes in at 1.0900.
 
Trading recommendations
 
As the most probable scenario, we expect range trading to be continued.
 
13764552.jpg
 
Pound
 
Current situation
 
After posting fresh multi-month peaks on Friday the pound started the current week on the defensive. The US dollar weakness did not help the cable to extend its gains. The major stopped around 1.2900 and traded in a tight range around the handle during the day. Sellers attempted to leave the range in the morning. However, buyers stopped them and returned the price into the range. Technical indicators were mixed with the EMAs giving a positive signal while MACD and RSI gave a negative one. The resistance lies at 1.2900, the support comes in at 1.2800.
 
Trading recommendations
 
Buyers seem to be powerless and we do not see any chance they could push the price upwards. We believe the pair will keep losing ground and may reach 1.2800 soon. However, a further extension to 1.3000 is not ruled out, especially if we get strong UK data.
 
13776840.jpg
 
USD/JPY
 
Current situation
 
USD/JPY had another positive day. Buyers broke 112.00 in the morning and advanced up to 112.50 by noon. The technical indicators showed a positive signal. The resistance lies at 113.00, the support comes in at 112.00.
 
Trading recommendations
 
The pair now has the potential to post more gains. The level of 113.00 is the next resistance and probable bullish target.
 
13774792.jpg
 
AUD/USD
 
Current situation
 
The Aussie failed to continue its recovery on Tuesday. The major just tested 0.7550 in the Asians session and pulled back afterwards. The pair eased to 0.7530 in the European morning and stayed around the mark after that. A fresh bout of selling pressure emerged in the late European session. The price continued its weakness afterwards. The technical indicators were negative in the 4 hours chart. The resistance lies at 0.7550, the support comes in at 0.7500.
 
Trading recommendations
 
A renewed weakness below the 0.7500 handle is likely to accelerate the slide back towards 0.7450.
 
13787080.jpg
 
XAU/USD
 
Current situation
 
The precious metal was neutral on Tuesday after Monday’s sell-off. The price stayed in a tight range around 1255 the first part of the day. The technical indicators gave unclear signals. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.
 
Trading recommendations
 
 We expect a breakout of the support level 1250 dollars per ounce and a move towards 1240 soon.
 
13793224.jpg 
 
Brent
 
Current situation
 
Brent was flat in its familiar range during Thursday. The benchmark spent the whole night at 51.50. Buyers regained control in the morning. The price jumped to the upper limit of the sideways channel late European session. Brent continued its growth ahead of the NY opening. The indicators gave mixed signals. The EMAs were negative while MACD and RSI gave us a buy signal. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.
 
Trading recommendations
 
A move above 52.00 would indicate that immediate downward pressure eased. After a daily close above the mark we could see the benchmark extending up to the 52.50 region during the next days.
 
13803464.jpg 
 
DAX
 
Current situation
 
DAX gapped higher at the open. The index tested 12500 but failed to reclaim the hurdle. The price bounced from the level and eased to 12430 in the late European session. The benchmark spent the rest of the day around the mentioned mark. The indicators gave mixed signals.The resistance lies at 12500, the support comes in at 12400.
 
Trading recommendations
 
We believe the index will continue its side trades in the upcoming days. 
 
13805512.jpg
 
S&P500
 
Current situation
 
S&P500 traded in its side-trend on Tuesday. After reaching the upper boundary of the range the price stayed at fresh highs around 2385 before NY opening. The indicators gave mixed signals.The resistance lies at 2400, the support comes in at 2380.
 
Trading recommendations
 
All eyes are right now at the support level 2380. We believe the price will test the level in the short-term
 
13813704.jpg
 
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg
 

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#586
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
05.05.2017
 
Euro
 
Current situation
 
The upbeat tone after the FOMC meeting on Wednesday helped the US dollar to recover some ground. However, its winning streak did not last long. Sellers were stopped at 1.0880 where the major found fresh bids. A soft tone around the US dollar helped the single currency to regain 1.0900 on Thursday. The euro reversed all its early losses by noon setting European session high at 1.0940. The technical indicators were positive in the 4 hours chart. The resistance is at 1.0950, the support comes in at 1.0900.
 
Trading recommendations
 
An uptrend will be revived as soon, as the EUR/USD pair rises above the resistance level 1.0950.
 
13769330.jpg
 
Pound
 
Current situation
 
Sellers’ attack was stopped at 1.2824 post-European open. The pound reversed its direction afterwards and returned to 1.2900 post London open. The level stopped buyers who stayed below the level till the NY opening. The technical indicators were positive in the 4 hours chart. The resistance lies at 1.2900, the support comes in at 1.2800.
 
Trading recommendations
 
A cut through 1.2900 will turn our attention to the 1.2950 mark. 
 
13776498.jpg 
 
USD/JPY
 
Current situation
 
The pressure around the yen lifted the USD/JPY pair to fresh multi-week tops on Thursday. The upward trajectory stopped at 112.75 where the major spent the whole night and the morning. Buyers managed tp test the 113.00 ahead of the NY opening. According to the 4 hours chart the technical indicators were positive. The resistance lies at 113.00, the support comes in at 112.00.
 
Trading recommendations
 
If bulls retain control the USD/JPY pair may break above 113.00 in the coming sessions. The next level to focus on is 113.50.
 
13772402.jpg
 
USD/CAD
 
Current situation
 
The US dollar momentum began to fade around 1.3750. Buyers did not find any reason to move the spot higher. Bulls have tried to reclaim the level several times this week. However, all their attempts have been unsuccessful. The price bounced off the upper limit of the upward channel in the early European trades and eased to its lower one by noon. Buyers reversed all early losses in the late European session. The indicators gave mixed data. The moving averages continued their bullish slope while MACD and RSI moved lower. The resistance lies at 1.3750, the support comes in at 1.3680.
 
Trading recommendations
 
The bullish momentum is likely to be regained. Our profit targets will be 1.3750 and 1.3820 in this scenario.
 
13783666.jpg
 
XAU/USD
 
Current situation
 
Bulls failed to sustain a night recovery. Buyers managed to return the price to 1240 where the spot ran through fresh offers. A bout of fresh selling pressure emerged in the morning dragging the XAU/USD pair downwards. The yellow metal softened and posted a session low at 1232. The indicators gave negative signals in the 4 hours timeframe. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.
 
Trading recommendations
 
A clear break below 1230 would indicate that the bearish phase has resumed. The level 1220 is the next sellers’ target.
 
13782642.jpg
 
Brent
 
Current situation
 
Brent remained under heavy selling pressure on Thursday. Sellers finally reclaimed 50.50 after a week of fight. The benchmark extended its decline after that heading towards 50.00 dollars per barrel. The indicators gave negative signals in the 4 hours chart. The resistance is highlighted 50.50, the support comes in at 49.50 dollars per barrel.
 
Trading recommendations
 
The level of 49.50 as the next intraday support and probable bearish target.
 
13817458.jpg
 
DAX
 
Current situation
 
DAX opened bullish on Thursday. The index jumped to fresh weekly high in the morning. Buyers tested the level 12600 and broke the resistance immediately after that. The benchmark continued its growth during the European session. The technical indicators were positive. The resistance lies at 12700, the support comes in at 12600.
 
Trading recommendations
 
We still hold the view that the index will struggle to climb north of 12600. We believe buyers aim at 12700 now. 
 
13818482.jpg 
 
S&P500
 
Current situation
 
S&P500 remained in a familiar trading range on Thursday. The index has been staying between 2380 and 2390 for a week. The price bounced off the lower limit of the side-trend on Wednesday and rallied to its upper one during the night and morning trades. Buyers were struggling hard to break above 2390 during the late European hours. The technical indicators were positive in the 4 hours chart. The resistance lies at 2400, the support comes in at 2380.
 
Trading recommendations
 
If a bullish tone persists we expect a breakout of the level 2400 in the upcoming hours.
 
13815410.jpg
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg

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#587
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
09.05.2017
 
Euro
 
Current situation
 
The positive news from the Euroland failed to sustain a bid tone in the market. The pair gapped upwards at the open and set a daily high at 1.1020 when the market changed its sentiment. The major started losing ground and broke 1.1000 immediately after the gap. Sellers were pushing the price lower the first part of the day and reached 1.0950 by noon. The moving averages gave us a buy signal while MACD and RSI showed buyers’ strength weakening in the4 hours chart. The resistance is at 1.1000, the support comes in at 1.0950.
 
Trading recommendations
 
The trend is still bullish. We wait to buy on a dip now. A sustained break above the 1.1000 region is seen as minimum requirement needed to confirm bullish resumption. In this scenario, buyers may lead prices towards 1.1050.
 
13845121.jpg
 
Pound
 
Current situation
 
The GBP/USD remained in bulls' hands on Monday. Buyers held the pair around its fresh high close to 1.3000 in the Asian and European sessions. The technical indicators remained positive in the 4 hours chart. The resistance lies at 1.3000, the support comes in at 1.2900.
 
Trading recommendations
 
Buyers seem to be unable to drive the Forex pair higher. We expect some side-trend or a brief softening before bulls gather enough steam for a new leg higher. A breakout of 1.3000 would aim us for 1.3100.
 
13860481.jpg
 
USD/JPY
 
Current situation
 
The pair extended its upward trajectory in the night trades. Buyers reached last week peaks and lost their strength. The pair was pulling back the whole night and met the morning at 112.50. Sellers stopped there and waited for fresh drivers. The technical indicators were mixed. The resistance lies at 113.00, the support comes in at 112.00.
 
Trading recommendations
If the bullish tone persists we expect a breakout of the level 113.00 soon.
 
13866625.jpg
 
NZD/USD
 
Current situation
 
After a short-lived drop sub-0.6900 level at the open the market turned positive. The price returned above 0.6900 in the early Asian session and rallied towards 0.6950 afterwards. The buying momentum faded in the morning when the major almost reached 0.6950. The price remained around the hurdle till the NY opening. According to the 4 hours chart the technical indicators were mixed. The resistance lies at 0.6950, the support comes in at 0.6900.
 
Trading recommendations
 
Any move above the immediate resistance would increase chances of testing the 0.7000 mark.
 
13850254.jpg
 
XAU/USD
 
Current situation
 
The bullish spike in the Asian session lost its legs at 1234. Bears regained control after that and returned gold prices to 1230. The precious metal spent the day struggling with the handle. All the indicators remained in the red in the 4 hours chart. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.
 
Trading recommendations
 
In view of the oversold conditions a move above 1235 is not ruled out. A failure here will weigh on the metal sending the price to 1220 dollars per ounce.
 
13876865.jpg
 
Brent
 
Current situation
 
Brent oil prices gave up their recent gains in the Asian session. Sellers dragged the price below 49.50 and kept on pushing the benchmark lower the whole night. Brent continued to trade in the negative ground during the European session. The price reached 49.00 by noon. The technical indicators remained negative in the 4 hours chart. The resistance is highlighted 49.50, the support comes in at 48.50 dollars per barrel.
 
Trading recommendations
 
The oil prices might extend their losses towards 48.50 dollars per barrel.
 
13861518.jpg
 
DAX
 
Current situation
 
DAX gapped lower at the open and extended its bearishness afterwards. Sellers led the index to 12700 which limited their advance. The moving averages maintained their bullish slope while MACD and RSI moved to the downside. The indicators were mixed in the 4 hours chart. The resistance lies at 12700, the support comes in at 12600.
 
Trading recommendations
 
The nearest target remains the resistance level of 12800.
 
13877902.jpg
 
S&P500
 
Current situation
 
S&P500 had a positive start to the day. Buyers pierced 2400 at the open. The index reversed its direction right after that. The price returned below the just broken level and headed lower in the Asian session. The benchmark extended its losses during the European hours. The index found a decent support at 2390 where it stayed before the NY opening. The technical indicators gave us mixed signals. The resistance lies at 2400, the support comes in at 2380.
 
Trading recommendations
 
We maintain our bullish outlook. A break above 2400 would open the way to 2420.
 
13885071.jpg
 
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
3UKf6za6n5.jpg

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#588
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
16.05.2017
 
Euro
 
Current situation
 
The EUR/USD pair remained in bulls' hands on Monday. A soft tone around the US dollar helped the single currency to conquer fresh highs. The pair was neutral in the night. Buyers pushed the price higher in the morning and reached 1.0950 by noon. The level did not stop the major which continued its vertical rise afterwards.  The technical indicators were positive in the 4 hours chart. The resistance is at 1.1000, the support comes in at 1.0950.
 
Trading recommendations
 
If the bullish tone persists we expect a consolidation above the level 1.0950. If bulls retain control afterwards the pair may retest 1.1000 this week.
 
14008496.jpg
 
Pound
 
Current situation
 
The pound had a positive start to the day. Bulls managed to regain 1.2900 in the mid-Asian session. The major maintained its buying bias afterwards and reached the 1.2950 area in the late European session. The 4 hours chart showed that all technical indicators were positive. The resistance lies at 1.3000, the support comes in at 1.2900.
 
Trading recommendations
 
We believe the pound will continue flirting with daily tops. A further extension to 1.3000 is not ruled out.
 
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USD/JPY
 
Current situation
 
The positive tone persisted during the night trades. As a result buyers successfully reclaimed the 113.50 mark in the early morning. However, the buying interest faded after that and the pair slightly eased. The technical indicators were positive in the 4 hours chart. The resistance lies at 114.00, the support comes in at 113.00.
Trading recommendations
 
We are bullish near-term. The first bulls’ target lies at 114.00, en route to 114.37.
 
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AUD/USD
 
Current situation
 
The AUD/USD pair regained some traction on Monday. Bulls maintained control and drove the spot higher. The pair was growing the first part of the day and reached the 0.7450 region in the late European session. The indicators were mixed in the 4 hours chart. The moving averages kept heading south while MACD and RSI grew. The resistance lies at 0.7450, the support comes in at 0.7400.
 
Trading recommendation
 
The pair is still in a descending channel approaching its upper limit. If buyers retake the 0.7450 resistance area they may drag the major to 0.7500. 
 
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XAU/USD
 
Current situation
 
Bulls maintained control on Monday. Buyers regained 1230 and tried to keep the upward traction afterwards. The precious metal failed to advance beyond 1230 and stayed around the level afterwards. According to the 4 hours chart the indicators were mixed. The EMAs were negative while MACD and RSI gave us buy signals. The resistance is highlighted 1240, the support comes in at 1230 dollars per ounce.
 
Trading recommendations
 
As the most probable scenario, we consider further moving upwards towards the level at 1240 dollars per ounce.
 
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Brent
 
Current situation
 
Brent gapped higher at the daily open. Bulls remained in the driver’s seat afterwards and drove the price to 52.25 where they stopped. According to the 4 hours chart the indicators were mixed. The EMAs pointed lower while MACD and RSI gave us buy signals. The resistance is highlighted 52.50, the support comes in at 51.50 dollars per barrel.
 
Trading recommendations
 
The main our goal is the level at 52.50 dollars per barrel now.
 
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DAX
 
Current situation
 
Buyers failed to reclaim 12800 and had to retreat. The price bounced from 12800 and edged lower. Sellers managed to lead the price to 12740 by the late European session. The indicators were mixed in the 4 hours timeframe. The resistance lies at 12800, the support comes in at 12700.
 
Trading recommendations
 
The index is still in an upward channel. DAX approached its lower limit at 12700. A cut through here will aim traders at the 12600 level. If the handle stands the index will pull back to 12800.
 
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NASDAQ
 
Current situation
 
The upward structure remained in place on Monday. However, buyers failed to maintain the upward trajectory. The price pulled back to 5685 after testing 5700. The benchmark spent the second part of the day around 5680. The technical indicators remained in the green in the 4 hours chart. The resistance lies at 5700, the support comes in at 5660.
 
Trading recommendations
 
A pullback is expected in the market in the near term. All eyes are right now at the support level 5660.
 
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 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
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#589
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22.05.2017
 
Euro
 
Current situation
 
The single currency returned to a growth again. The pair bounced from 1.1100 in the morning and reversed the majority of its losses by noon. The pair touched 1.1150 in the mid-European session and was trying to retake the level the rest of the session. The resistance is at 1.1150, the support comes in at 1.1100.
 
Trading recommendations
 
As the most probable scenario, we consider further moving upwards towards the level at 1.1200. 
 
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Pound
 
Current situation
 
The pound opened green against the dollar on Friday. The major negated Thursday’s losses heading towards 1.3000. The cable broke the level in the mid-European session but failed to advance further. The resistance lies at 1.3000, the support comes in at 1.2900.
 
Trading recommendations
 
If bulls remain in the driver’s seat we cannot rule out the chance that the pair would try to get to the level at 1.3100.
 
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USD/JPY
 
Current situation
 
The recovery from 111.00 stalled at 111.70 and USD/JPY turned neutral on Friday. The price stayed in a narrow flat between 111.15 – 111.70 the Asian and the European sessions. The resistance lies at 112.00, the support comes in at 111.00.
 
Trading recommendations
 
If the pair manages to make a breakout of  the 112.00 mark the next target for this pair is the resistance level of 113.00.
 
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NZD/USD
 
Current situation
 
Buyers managed to stop decline when the downward pressure lost steam at 0.6800. Bulls made a weak attempt to regain control in the morning pushing the spot to 0.6900. However, sellers were strong enough to return the price below the level. The resistance lies at 0.6900, the support comes in at 0.6850.
 
Trading recommendation
 
A consolidation below 0.6900 will confirm sellers’ strength. Our profit target will be 0.6850 in this case.
 
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XAU/USD
 
Current situation
 
The pair sharply dropped on Thursday. However, the spot remained in a near-term upward channel. Gold prices just tested the lower limit of the channel. Buyers were struggling to build a recovery on Friday and managed to reverse a minor portion of their fresh losses by the late European session. The resistance is highlighted 1260, the support comes in at 1250 dollars per ounce.
 
Trading recommendations
 
A clear break above 1255 would indicate that the bullish phase has resumed. Bulls will try to regain 1260 first to lead the price to 1270 afterwards.
 
14070776.jpg
 
Brent
 
Current situation
 
Brent maintained its bid tone on Friday. The price grew to 53.30 where the benchmark faced some downward rejection. The resistance is highlighted 53.50, the support comes in at 52.50 dollars per barrel.
 
Trading recommendations
 
The oil price now has the potential to post more gains. The next probable bullish target is 53.50.
 
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DAX
 
Current situation
 
DAX was neutral on Friday. The price stayed in a tight range 12600 – 12630 the first part of the day. The resistance lies at 12700, the support comes in at 12600.
 
Trading recommendations
 
A break above 12650 will show room for further upside. The index may reclaim the 12700 level in the coming sessions.
 
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NASDAQ
 
Current situation
 
NASDAQ had a positive start to the day. The price pushed away from 5620 and edged higher. Bulls managed to lead the index to 5640 where they lost strength. The resistance lies at 5660, the support comes in at 5620.
 
Trading recommendations
 
If the index stays below 5660 sellers may lead the price to 5620.
 
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 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
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#590
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25.05.2017
 
XAUUSD.
 
Within the yesterday session the gold price were rapidly changing and then finally reached the level of 1255. By this gold made influence on the velocity making a good sign after the recent impulse. Resistance is hold at 1265, support comes in at - 1245.
 
Trading recommendations.
 
Long term goal is set at 1300. If the price goes down, the target point would be at 1265 level.
 
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Brent.
 
During the day Brent lose its positions but then formed a good supportive candle. It's quiet hard to follow up Brent now since everyone awaits for general OPEC announcement. Resistance saves at 54.60, support comes in at 54.30
 
Trading recommendations.
 
There's uncertainty for the forecasts due to OPEC forthcoming decision. Friday will show us the direction.
 
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DAX
 
DAX faced strange influences due to initial gap lowering, filling these gaps and then bouncing to the higher rates. Resistance is hold at 12650, support comes in at 12500.
 
Trading recommendations.
 
Due to this tendency we could meet the price growth up to the 12750 level.
 
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NASDAQ.
 
NASDAQ continues to doing better rather than the other US indexes. Buying remains to the best decision concerning the index. Resistance is hold at 5715, support comes in at 5700.
Trading recommendations.
 
If the price gets over 5720 mark, it would be a good tendency for getting higher and higher.
 
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EURUSD.
 
EURUSD has corrected its position within 24 hours and got below 1.1200 level. We've seen an attempt to get to higher ranges but it went downwards. Resistance saves at 1.1180, support comes in at 1.1120.
 
Trading recommendations.
 
Due to the dollar strengthen the price could be going lower to 1.1120 point.
 
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USDJPY.
 
USDJPY met the unexpected issues on Tuesday since traders reproached the confidence in US ability to achieve its economical agenda. Resistance is hold at 112.788, support comes in at 112.300.
 
Trading recommendations.
 
Current situation placed Yen in between area of 112.3 and 112.8 hence it could encourage buying opportunity
 
14145677.jpg
 
NZDUSD.
 
New Zealand rose higher than US dollar earlier but then moved downwards hence making the traders willing to earn. Resistance is hold at 0.7020, support comes in at 0.7000.
 
Trading recommendations.
 
NZDUSD seems to fall under pressure on Wednesday by the news around China that could stimulate further selling of the currency.
 
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GBPUSD.
 
Great Britain pound follows up its lowering trend manner and making a hard time for bullish traders by such tendencies. Resistance is hold at 1.2980, support comes in at 1.2950. 
 
Trading recommendations.
 
Recent Manchester's terrorist attack influenced on the pound too besides other news. Some price lowering could expected in near time.
 
14100618.jpg
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
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#591
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29.05.2017
 
EURUSD
 
EURUSD kept its positions despite both the dollar raising and other currencies fallings during the last session recovering its economic strength. Resistance is hold at 1.1230, support comes in at 1.1210.
 
Trading recommendations
 
As there's a lack of important news to come due to the month end it's expected to keep the current pair volatility in short term.
 
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GBPUSD
 
GBPUSD faced the volatility in previous session as it rushed straight to 1.300 range and then got lower within the day. UK leaving from EU still goes on and spreads it influence on the pair. Resistance is hold at 1.2940, support comes in at 1.2900.
 
Trading recommendations
 
Current volatility seems to continue follow its direction. Due to the tendency of going to high ranges it's good to trade on long-terms
 
14174663.png
 
USDJPY
 
Japanese Yen was crawling to the high top within most part of Thursday as the bullish moods were prevailing that day. Resistances saves at 111.8, support comes in at 111.2.
 
Trading recommendations
 
If the breakout will be lower than 111 level, the bulls are good to go. Don’t forget to monitor the other Jen-connected markets.
 
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NZDUSD
 
As the US-dollar-based investors gave the positive feedback on FED's cutting down its budget New Zealand dollar ended session at lower range against US one. Resistance is hold at 0.7040, support comes in at 0.7010.
 
Trading recommendations
 
If the price gets over the 0.698 level the market could get lower up to 0.695. Short-term trades seem to be good ones here. 
 
14196167.png
 
Brent
 
After OPEC disappointing announcement on Thursday on further production cuts Brent slightly moved lower at the end of session. Resistance is hold at 51.8, support comes in at 51.00
 
Trading recommendations
 
It's most likely that Brent contract is in its short-term and might move its range at 51 or even go below its range.
 
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XAUUSD
 
Gold seemed to surprise everyone by its yesterday's closing despite the dollar strengthen and oil prices lowering. Resistance is hold at 1265, support comes in at 1249. 
 
Trading recommendations
 
Going below 1260 level shows the prevailing of the bulls while going over 1268 range will indicate the strengthening of bears positions.
 
14210503.png
 
DAX
 
DAX at beginning of Thursday's session reached the level of 12700 and during the session moved backwards to 12550. Resistance is hold at 12600, support comes in at 12500.
 
Trading recommendations
 
As for today no important news looms on the horizon today therefore we could expect some further consolidation and range widening on DAX.
 
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NASDAQ
 
NASDAQ rose straight to the top and continues to keep the leadership amongst other US indexes. It seems that the next goal is achieving of 5800 range. Resistance is hold at 5785, support comes in at 5760.
 
Trading recommendations
 
Short-term trading seems to continue prevailing here, so the bullish mood is still in majority here.
 
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 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman
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