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"Fort Financial Services"-fundamental and technical analysis


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#601
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
16.05.2018
 
Euro
 
The euro extended its sell-off and hit the low at 1.1820 yesterday. The major faced buying rejection at the level and bounced back afterwards. The single currency may extend its recovery and visit the level 1.1850 today.
 
BXY3G.png
 
Pound
 
The downward pressure increased on Tuesday. The pound extended its losses when the major dropped below 1.3500. Sellers drove the major to 1.3450 after that where they lost momentum and buyers started a recovery phase. The major bounced to 1.3500 and may extend its gains and probe the 1.3530 area later the day.
 
BXY40.png
 
Yen
 
The positive bias prevailed on Tuesday. Buyers managed to lead the USD/JPY pair from the 109.65 to the 110.40. The buying momentum eased over there. AS a result, the spot bounced off the border of the overbought zone and softened to the 110.00 handle. The overall sentiment is still bullish. We will wait the correction is over and will start buying the US dollar again.
 
BXY41.png
 
Gold
 
The yellow metal got under pressure and dropped from 1315 to the 1290 area. Buyers are trying to build a correction since then and managed to push the spot to the 1295 area by now. The yellow metal may extend its recovery and reach 1300 today.
 
BXY42.png
 
Brent
 
Brent oil prices remained in the upward channel. Buyers almost reached 79.50 when they lost control on Tuesday. As a result, the benchmark fell to the lower end of the ascending channel. Sellers led the price to the 77.50 where Brent found fresh bids and pulled back to the 78.50 hurdle. We are waiting for the Brent oil prices to revisit the 79.50 resistance in the coming sessions.
 
BXY43.png
 
 
 
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

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#602
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
28.05.2018
 
Euro
 
The negative sentiment prevails in the market. However, sellers lost steam when they reached the 1.1700 handle. The price bounced off the level and recovered up to 1.1750 where the recovery move stalled and the price pulled back. The technical readings suggest the further softening. The price continues developing well below the moving averages. MACD is in the negative ground and is moving downwards. RSI is neutral. The resistance resides at 1.1700, the support comes in at 1.1650.
If the euro declines further, the tone would favor further losses towards 1.1650, en route to 1.1600.
 
BZ7AJ.png
 
GBP/USD
 
The downward structure remained intact on Friday. The pound continues fluctuating in the downward range posting fresh lows. The sterling lost downward strength at the 1.3300 level and reversed its direction. The major bounced to 1.3400 where the buying interest weakened. Sellers regained control after that and sent prices downwards. The technical indicators hold within bearish territory. MACD is heading south right now. RSI is hovering above the oversold area. The resistance lies at 1.3400, the support comes in at 1.3300.
Prices may fall back below the 1.3200 mark if the US dollar returns to a growth.
 
BZ7AU.png
 
USD/JPY
 
The US dollar had another negative day on Thursday. The risk aversion drove the US dollar to the 109.00 level, however, the EMA200 defended this mark and rejected the major to 109.70 where the EMA100 limited pair's recovery. MACD indicator is in negative territory. RSI is neutral while the moving averages mostly continued their vertical rise, however, the 50 and 100 EMAs started to change their direction. The resistance resides at 109.50, the support comes in at 109.00.
 
If sellers regain the 109.00 level, they will get a good chance to extend their gains down to 108.00. If bears fail to move lower, the US dollar may recover to 110.00.
 
BZ7Ac.png
 
S&P500
 
Buyers continued struggling with 2730 which appeared to be well defended by sellers. Bulls reached the level last week, but did not regain it despite the numerous attempts. They attacked the level this morning, however, offers at the handle rejected the benchmark downwards. The resistance lies at 2730, the support exists at 2700. 
 
The divergence between the chart and MACD points to a possible sell-off. If buyers do not regain the 2730 hurdle in the short-term, sellers could seize control and send the index towards 2700 where it could find a decent support from the 100 and 200EMAs.
 
BZ7Aw.png
 
DAX
 
DAX had a positive start to the day. The price gapped from 12850 to the 12900 level. The upward impulse continued afterwards and the benchmark was able to test the 13000 region when suddenly buyers lost momentum and DAX dropped towards 12900. The resistance lies at 13000, the support exists at 12900. 
 
If the selling pressure persists, the DAX index may return below 12900 and move towards 12800 afterwards. The EMA100 is located in this region and may save buyers and reject the price upwards.
 
BZ7Ay.png
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

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#603
ValdisTF

ValdisTF

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"Fort Financial Services"- fundamental and technical analysis.
 
29.05.2018
 
Euro
 
A fresh wave of the US dollar buying interest emerged on Monday and sent the euro to fresh lows. As a result, the spot dropped to 1.1600. If the price consolidates below this support, it may continue the downward trend in the short term. The potential sellers' targets are 1.1570 and 1.1550.
 
BcGvC.png
 
Pound
The pound continued moving downwards in the descending channel. The major bounced from the upper limit of the range on Monday and dropped to its lower one which is located in the 1.3300 area. If the price keeps going down it will test 1.3250 soon.
 
BcGvP.png
 
Yen
 
The US dollar remained under pressure and is tending to move lower. Sellers pressured the 109.30 support and spent the whole Monday trying to regain the handle. They got lucky to retake the level in the night when a bout of fresh selling pressure sent the spot to 109.00. If they overcome this barrier, they may probe the 108.70 area soon. 
 
BcGvQ.png
 
Gold
 
Gold looks flat and is trading in a narrow channel staying between 1299 and 1297. The yellow metal may extend its consolidative pattern on Tuesday.
 
BcGvZ.png
 
Brent
 
Brent is trying to build a recovery. Buyers pushed the benchmark away from 74.50 towards 75.50 where the recovery move stalled on Monday. Bulls made another attempt to reclaim the level in the US session and failed again. If the positive bias remains intact, the benchmark may advance to 76.00 later the day.
 
BcGva.png
 
 *Analytical review is presented by the leading analyst of the broker Fort Financial Services, Alexander Kofman

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