"Fort Financial Services"- fundamental and technical analysis

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"Fort Financial Services"- fundamental and technical analysis

Post by ValdisTF on Sun Jul 06, 2014 4:32 pm

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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!

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

Post by ValdisTF on Mon Jun 06, 2016 8:51 pm

"Fort Financial Services"- fundamental and technical analysis.

07.06.2016

Technical analysis

Euro

General overview

Janet Yellen’s speech became the main event of Monday. According to Janet Yellen the weak Non-Farms raised the regulator’s concerns. The release showed signs of new jobs growth slowdown.

Current situation

The euro remained at the local high that it had reached last week. The pair spent the first day of the week near the level of 1.1370. The trading was low volatile. The pair EUR/USD may bounce off soon from 1.1370 .The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area, its signal is bullish. RSI reached the overbought level of 70. RSI shows a sell signal.

Trading recommendations

The downward bounce potential targets are 1.1370 and 1.1300.



Pound

General overview

According to Janet Yellen (the head of the Federal Reserve) if the UK leaves the EU that can cause significant economical circumstances.

Current situation

The pair tried to break the level 1.4400 but failed and remained in a short range 1.4400 – 1.4480. Traders seem to take a pause after the last week decrease. The resistance is at the level of 1.4480, the support is at 1.4400.

MACD indicator is in a negative area, its signal line is below a histogram. MACD kept growing. RSI is in a neutral zone giving no signal.

Trading recommendations

We suppose the growth will be continued now. The first target is the level 1.4480, the next one is 1.4560.



Yen

General overview

The Fed Chairman noted in her speech that the current monetary policy was moderately challenging. The regulator expects further progress on its goals. The Fed will closely monitor any changes in the labor market.

Current situation

The pair made attempts to break the level of 106.60. The dollar reversed some losses by the end of Monday. The USD/JPY broke the level 106.60 upwards and tried to get hold over it. The resistance is at the level of 107.40, the support is at 106.60.

MACD is in a negative area. MACD kept growing. RSI approached the oversold level of 30 and bounced off it.

Trading recommendations

The buyers need to break above 107.40 for a steady growth. The way to the mark 108.20 will be opened after this breakthrough.



Franc

General overview

The Janet Yellen’s speech (the Federal Reserve Chairman) became the main event of Monday. The dollar slightly recovered against major currencies in anticipation of her comments. According to Janet Yellen the prospects of the US economy is very uncertain.

Current situation

The pair was decreasing the whole day yesterday. Sellers could take the price down. The pair USD/CHF broke the level 0.9750 and touched 0.9700. The new local low is at 0.9680. The price failed to go deeper and bounced off the support 0.9700. The resistance is at the level of 0.9850, the support comes at 0.9750.

The indicator MACD is in a negative area. The signal line is in the histogram. The indicator is below 30 and is oversold.  RSI shows a buy signal.

Trading recommendations

We advise to long with the first target – 0.9750. When the pair consolidates above the first target, we can open deals to the level of 0.9850.



Brent

General overview

According to Janet Yellen the price of oil keeps the inflation at low levels. Oil prices began to grow.

Current situation

The Brent still looks bearish. The quotes bounced off 49.60 and tested the mark 50.50. The black gold did not move further and remained at the reached mark. The resistance is at 50.50, the support is at 49.60.

MACD is in a positive area. MACD kept growing. RSI approached  the overbought level of 70.

Trading recommendations

If the price fixates above the resistance 50.50, it may continue the upward trend in the short term. The potential target is 51.50.



Gold

General overview

On Monday, the gold futures rose to two-week high in anticipation of Janet Yellen’s speech. Traders expected to get clues regarding the next interest rates hike in the US.

Current situation

The gold remained in a flat on Monday between the levels 1248 - 1239. The technical picture is uncertain. The quotes have recently broken 1215 and 1235. However the price failed to grow further and stopped near the mark 1250. The resistance is at the level of 1260, the support is at 1235.

The indicator MACD is in a negative area, its signal line is in the histogram. The indicator is giving a buy signal. RSI reached the overbought level of 70 and shows a sell signal.

Trading recommendations

The potential decrease target is the support level of 1235.



DAX30

General overview

The news that the USA might not raise the rates this summer became an important driver of optimism on global bonds markets. The European stock markets closed in the green zone, supported by growth of shares of energy and raw material producers.

Current situation

The index DAX 30 remained in a flat. The index was traded between the levels of 10077 – 10158. The resistance is at 10175, the support come in at 10000.

The indicator MACD is in a negative area. The MACD signal line is in the histogram. The indictor kept decreasing yesterday. RSI reached the oversold level of 30 and bounced off it.

Trading recommendations

The index can grow to the resistance level of 10175. After breaking 10175 the buyers may go to 10350.



Dow Jones

General overview

If we keep hearing the Fed’s soft statements and if the regulator declares the risk of further economic decline the US dollar may get under pressure once again. The dollar decrease will cause a new wave of purchases in the Bonds market.

Current situation

The Dow Jones kept its bearish movement. The index broke and consolidated over the resistance at 17900 on Monday. The resistance is at the level of 18000, the support is at 17900.

MACD is in a positive area and is growing. RSI approached the overbought level of 70.

Trading recommendations

We believe the growth will be continued now. The first target is the level 18000.



Nasdaq

General overview

The external environment was positive for the index. Nasdaq rose by 0.26%. The major US stock indices showed a moderate growth.

Current situation

The index Nasdaq was in a flat during the European session of Monday. The index started to grow by the end of Monday. It bounced from the mark 4506 and grew to the way of 4550. The index looks bullish. The resistance is at the level of 4550, the support is at 4500.

The indicator MACD is in a positive area and keeps decreasing. RSI approached the overbought level of 70.

Trading recommendations

The index is likely to go to the support level of 4500.




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

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

Post by ValdisTF on Wed Jun 08, 2016 7:16 pm

"Fort Financial Services"- fundamental and technical analysis.

09.06.2016

Euro

General overview

The positive macroeconomic statistics in the Eurozone helped investors to find the strength and the desire for a new wave of euro purchases. There were no major events on the schedule on Wednesday.

Current situation

The overall outlook remains bullish. Buyers could push the dollar higher the resistance 1.1370. The price reached the round level of 1.1400 yesterday. The resistance is at 1.1450, the support is at 1.1370.

MACD is in a positive area. The histogram is below its signal line. MACD decreased giving a sell signal.

RSI reached the overbought level of 70. According to the indicator the price may change its direction soon. The price is above Moving Averages (50, 100 and 200) at the daily time-frame. That is a bullish signal.

Trading recommendations

If the pair keeps growing it will reach the level of 1.1450 soon. Nevertheless the pair is overbought and we may expect a correction soon.



Pound

General overview
On Wednesday, manufacturing PMI supported the pound. The index showed the maximum growth in nearly four years (1.6% vs. previous -0.4%). Still the pound is under pressure because of the upcoming referendum.

Current situation

The pair GBP/USD showed volatile trades on Wednesday. The pair could set a new local high at the level of 1.4600 on the European session. However, the pair could not fixate its gains above the level of 1.4560 and returned on it. The resistance lies at 1.4560, the support is at 1.4480.

MACD crossed the zero line upwards. The signal line is in the histogram. MACD decreased. That is a sell signal. RSI approached the overbought level of 70 and bounced off. The Moving Average (200) limits the pound growth on the daily chart.

Trading recommendations

We are still bearish middle term. The break below 1.4480 should send this market looking for the 1.4400 level.



Yen

General overview

According to the statistics the volume of Chinese imports in May exceeded market expectations. The news reinforced hopes for a stabilization of the Chinese economy, despite the greater-than-expected fall in exports. The Chinese statistics weakened the investors' appetite for risk and supported the dollar in the pair USD/JPY.

Current situation

The tone is still negative in the market. The yen continued strengthening and the pair approached the recent lows at 106.35. The resistance is at 107.00, the support is at 106.00.MACD indicator is in a negative area.

MACD stopped its growing and returned to a decrease. That is a bearish signal. RSI is still near the oversold level of 30. The pair is below the Moving Averages (50, 100 and 200) on the 4 hour graphic. The pair is on its historical lows at the daily chart. The pair was here last time in 2014.

Trading recommendations

From the technical point of view the pair is oversold. According to the indicators RSI and MA we may see a correction soon. The pair USD/JPY may decrease further to 106.00 where it can pivot upwards.



AUD

General overview

The Australian dollar came under pressure when Home loans index in Australia rose less than expected, as investments declined after rising in April.

Current situation

The Australian dollar grew during the course of the day setting new local high at 0.7480. The tone is still positive in the market. The resistance stands at 0.7500, the support lies at 0.7400.

MACD is in a positive area. MACD stopped growing yesterday. That is a buy signal. The indicator RSI is above 70 and is overbought. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart.
That is a buy signal.

Trading recommendations

We feel comfortable taking long positions. The price may reach 0.7500 today. According to the indicators (MACD, RSI) the pair AUD/USD is overbought. In addition it has moved far from MA that suggests a correction.



GOLD

General overview
The Gold quotes continued to rise due to the falling of the dollar. The dollar weakened when the market reduced its expectations that the Fed would hike the rates in June.

Current situation
Traders pushed the gold higher yesterday. The metal grew from 1243 to the mark of 1263. The price touched the resistance at 1260. The metal grew by 1.32% during the course of the day. The resistance is at 1260, the support lies at 1235.

MACD is in a positive area. The histogram is below the signal line. MACD is growing showing a buy signal. RSI is in the overbought level of 70. The pair pushed from Moving Average (100) on the daily chart. The price is above Moving Averages (50, 100 and 200). The MA (200) is a support on the daily chart now.

Trading recommendations

The price stopped at 1260. Should that level break up and the price will grow to 1280. Otherwise we will see its move down to the support 1235.



Brent

General overview

Yesterday the oil prices grew on speculation that the weekly Crude Oil Stocks change may show the decline. In economic news, the index showed a decrease as expected.

Current situation

The oil quotes continued their growth. The price set a new high at 52.50. The oil trend looks bullish. The resistance comes in at 52.50, the support lies at 51.50.

MACD is in a positive area, its signal line is in the histogram. MACD kept growing, that is a bullish sign.
Still MACD shows a divergence on the 4 hour time frame. RSI reached the overbought level of 70. The Brent quotes are above Moving Averages (50, 100 and 200). The price is close to the historical highs at the daily chart – the mark of 54.00.

Trading recommendations
We are still bullish on the oil. We assume that the upward trend will be continued. The break above 52.50 should send this market looking for the 53.00 level.



Dax30

General overview

The European stocks fell on Wednesday after rising on the results of the previous two sessions. The German DAX lost 0.71%. Traders took a wait and see position, focusing on the important events coming this month. Thus, the Fed shall hold its regular meeting on 15st of June. The UK will hold a referendum regarding its membership in the EU on June 23 rd.

Current situation

The index decreased yesterday. The price fell from 10275 to 10175. The resistance comes at 10350, the support is at 10175. MACD is on the centerline, giving no signals. RSI is in a neutral zone giving no signal.

Trading recommendations

We expect a decrease. The break below 10175 should send this market looking for the 1000 level.



SP500

General overview

The S&P500 jumped by 0.26% due to the oil quotes growth in 2016 and the weakening of the dollar, giving the S & P 500. The index came close to the record highs that were set in May, 2015.

Current situation

SP500 remained in a flat. Buyers could not break the resistance of 2120. The resistance stands at 2120, the support lies at 2100.

MACD is in a positive area. The signal line is above the histogram. The indicator shows a divergence on the 4 hour chart. RSI is in a neutral zone giving no signal. Moving Average (50) acts as a support. The index is close to the historical highs at the daily chart.

Trading recommendations

The overall outlook remains bullish. Once we break above the 2120 level, we think that the 2130 level will be next.




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

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

Post by ValdisTF on Thu Jun 09, 2016 5:55 pm

"Fort Financial Services"- technical analysis.

10.06.2016

Euro

General overview

The euro fell against the US dollar due to the strengthening of the US currency and Mario Draghi’s speech. Mario Draghi called on national governments to help the ECB to accelerate the economic growth and the inflation in the region. The regulator warned that the lack of economic reforms makes the task of the Central Bank harder.

Current situation

The dollar reversed some of its losses yesterday. The pair fell by 0.68%. Traders started to close their long positions that caused the euro sales. The pair fell from the level of 1.1416 to the support 1.1300. The resistance is at 1.1370, the support is at 1.1300.

MACD is in a positive area. The histogram is below its signal line. MACD decreased giving a sell signal. RSI is in a neutral zone giving no signal. The price is above Moving Averages (50, 100 and 200) at the daily time-frame. The Moving Averages crossed each other on the 4 hour time frame, showing that the price changed its direction.

Trading recommendations

We believe that the pair shall continue its correction and will decrease further. The price may stay for a while on the support at 1.1300 to continue its decrease later. We assume the mark 1.1200 is the sellers’ target.



Pound

General overview

On Thursday, the pair kept weakening as the market was concerned about the upcoming referendum results. The published statistics in the UK could not support the pound.

Current situation

The pair GBP/USD was less volatile yesterday. The price spent the day in the narrow range: 1.4525 –1.4440. Sellers tried to push the price down but failed and the price spent the day at the level of 1.4480.
The resistance lies at 1.4560, the support is at 1.4480.

MACD is on the zero line. The signal line is above the histogram. MACD decreased yesterday. That is a sell signal. RSI is in a neutral zone giving no signal. The Moving Average (200) does not let the pound to fall further on the 4 hour time frame.

Trading recommendations

We are still bearish. The 200 Moving Averages works as a support. If the price breaks below the level of 1.4480 the pair shall decrease to 1.4400 level. Otherwise we will see a bounce upwards to 1.4560.



Yen

General overview

The uncertainty in global financial markets made investors look for safety assets: the US dollar and the Japanese yen. Meanwhile, the US dollar rose when Initial Jobless Claims unexpectedly fell (264K vs. expectations 270K).

Current situation

The tone remained negative in the market. The yen remained at the local lows staying in a range 106.80 – 106.25. The pair began to grow at Asian session. Its quotes could break the level 107.00. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area. MACD may continue its growth today. That might be a buy signal. RSI is still near the oversold level of 30. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour graphic. The pair is on its historical lows at the daily chart.

Trading recommendations

The USD/JPY is oversold and we expect a correction. The levels of 107.00 and 108.00 are its targets.



NZD

General overview

The New Zealand dollar grew by 0.49% when the Reserve Bank of New Zealand did not change the interest rate.

Current situation

The NZD/USD jumped upwards. The pair grew with the gap and stopped at 0.7150. The pair spent the day in a range: 0.7100 – 0.7150. The tone is still positive in the market. The resistance stands at 0.7150, the support comes in at 0.7050.

MACD is in a positive area and shows a buy signal. The indicator RSI is above 70 and is overbought. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart. The Moving Averages are growing. That is a buy signal.

Trading recommendations

We prefer to wait and see the further dynamics. The pair is overbought and formed a gap. The price may decrease soon. Shall the pair decrease it will drop to 0.6900 (50 Moving Average).



GOLD

General overview

The upcoming referendum in the UK together with the Fed meeting next week are the main drivers for the gold metal. We believe that the dollar dynamics shall set the tone of the gold.

Current situation

The gold quotes continued to grow yesterday. The futures spent the Asian and European sessions in a flat.
The unemployment statistics in the USA supported the metal and its quotes grew from the support 1260 to the mark 1270 at the American session. The resistance is at 1280, the support lies at 1260.

MACD is in a positive area. The signal line is in the histogram. MACD grew yesterday and showed a buy signal. RSI is in the overbought level of 70. The price is above Moving Averages (50, 100 and 200). The MA (200) is a support on the daily chart now.

Trading recommendations

The gold is close to the strong resistance 1280. The gold futures fell from this level last time in May. The gold may decrease to the level 1260 to continue the growth from it. Nevertheless the further dynamics of gold depends on the next Fed meeting results.



Brent

General overview

The Brent futures fell after updating the year highs on Thursday morning. The moderate recovery of the US dollar and investors’ desire to take profits became the main drivers for the Brent correction.

Current situation

The oil quotes continued their growth. The price set a new high at 52.50. The oil trend looks bullish. The resistance comes in at 52.50, the support lies at 51.50.
MACD is in a positive area, its signal line left the histogram.

MACD decreased yesterday. If MACD decreases it will give a sell signal. RSI is still close to the overbought level of 70. The Brent quotes are above Moving Averages (50, 100 and 200). The price is close to the historical highs at the daily chart –
the mark of 54.00.

Trading recommendations

The Brent may continue its correction and fell to the mark of 50.50 where the Moving Average (50) is located.



Dax30

General overview

The European stock indexes declined two days in a row. The concerns about the future of the global economy continued to pressure investors. Mario Draghi (head of the European Central Bank) urged leaders to support the Eurozone economy.


Current situation

The index decreased yesterday. The price fell from 10226 to the mark 10023. The resistance comes at 10175, the support is at 1000.

MACD is in the negative area and gives a sell signal. RSI is close to the oversold area. The index fell through Moving Averages 50 and 200. Moving Average 100 stopped is decrease.

Trading recommendations

We expect the decrease shall be continued. Sellers seem to want seeing the price at the level of 9760.



NASDAQ

General overview

The USA indices fell due to the oil quotes and the US Treasuries decrease. The strengthening of the dollar also weakened the index.

Current situation

Nasdaq remained in a flat. The index decreased from 4517 to the support 4500. Sellers could not push the price down and the quotes remained at the current support level. The price remained between two levels: 4550 and 4500.

MACD is on the zero line and gives no signal. RSI is in a neutral zone giving no signal. Moving Average (50) acts as a resistance now.

Trading recommendations

The break below the support of 4500 shall send the price to the mark 4460 (Moving Average 100). Otherwise we will see a bounce upwards



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

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

Post by ValdisTF on Sun Jun 12, 2016 7:46 am

"Fort Financial Services"- technical analysis.

13.06.2016

Euro

General overview

The euro got under pressure when Mario Draghi (the European Central Bank Governor) warned the market that the weak economic growth in the Eurozone could lead to a "long-term losses."

Current situation

The pair EUR/USD spent almost the whole Friday at the level of 1.1300. The pair consolidated after a sharp decrease that had happened a day earlier. The EUR/USD returned to a decrease at the American session and ended the trading week in the red zone at the mark of 1.1250. The resistance is at 1.1300, the
support is at 1.1250.

MACD is in the negative area. The histogram is below its signal line. MACD decreased, that is a sell signal. RSI is closed to the oversold area. That is a sell signal too. The price broke through Moving Averages (50, 100 and 200) on the 4 hour chat. The Moving Averages crossed each other on the 4 hour time frame, showing that the price is changing its direction.

Trading recommendations

Even though the indicators look bearish we prefer to stay away from a trading before the Fed meeting.
The market is going to be volatile that increases risks.

If we decide to sell we would wait for the price to consolidate below Moving Averages (50, 100 and 200) on the 4 hour chart. Another sell signal is MACD in the negative area. The sellers’ target is the level 1.1200. Otherwise we would see a bounce upwards to 1.1370.



Pound

General overview

The British pound fell against the dollar due to concerns regarding the upcoming referendum on 23 rd of June. According to Timex/YouGov 43% of Britons would vote to stay in the union and 42% would leave it.

Current situation

The sellers were able to drive the pair lower. The quotes decreased and broke the levels 1.4400, 1.4320 and 1.4240. After breaking the mark 1.4240 the pound reversed some of its losses and ended the trading week at 1.4253. The resistance is at 1.4320, the support come in at 1.4240.

MACD is in the negative area. The signal line is in the histogram. MACD decreased, that is a sell signal.
RSI is in the oversold zone. The price broke Moving Averages (50, 100 and 200) on the 4 hour chart. That is a sell signal. The price is close to the strong support at 1.4150 on the daily chart.

Trading recommendations

The price is oversold and it may bounce upwards to the strong level 1.4400. If we see the price below the support 1.4320 we would sell to 1.4150



Yen

General overview

The yen is under pressure on the eve of Japanese and the USA Central Bank meetings. The referendum in the Great Britain is another factor that pressured the yen. We believe that the industrial production and retail sales report in China may well set the tone for trading in the new week.

Current situation

The yen spent last Friday at the level 107.00. The pair remained in a range between levels of 106.60 and 107.30. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area, the histogram is growing. MACD shows a convergence (that is a strong reversal signal). RSI is still close the oversold level of 30. That is a buy signal. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour chart. The pair is on its lows from 2014 at the daily chart.

Trading recommendations

The USD/JPY is still oversold and we expect a correction. Once we break above the 107.00 level, we assume that the 108.00 level will be next



CAD

General overview

On one hand Initial Jobless claims in the USA supported the dollar that grew in the USA/CAD. On the other hand the oil quotes decrease dispelled the demand for the Canadian dollar. Both these factors helped the pair to recover.

Current situation

The USD/CAD showed volatile trades last Friday. The pair fell in the European session, still sellers were not able to move the price below 1.2680. The USD/CAD quotes reversed some of the losses in the American session when the price started to grow. The trades ended at the level of 1.2780. The resistance
stands at 1.2800, the support comes in at 1.2680.

MACD is in the negative area, the histogram is growing. That is a buy signal. The indicator RSI is in the neutral area. The price is below Moving Averages (50, 100 and 200) on the 4 hour chart. The price is on the strong level from 2015 on the daily chart.

Trading recommendations

We believe the pair will correct as it is oversold and is on the strong support on the daily chart. The MACD is growing. The RSI bounced off the oversold area. In addition the price went too far from the Moving Averages and shall grow to them. We believe the pair shall reverse to 1.3000.

As an alternative scenario the pair may decrease to the round level 1.2500.



GOLD

General overview

Low expectations that the USA regulator will hike the rate this month supported the gold last week.

Current situation

The gold quotes continued their growth on Friday. The futures spent the Asian session in a correction that ended at the European one. The gold was growing and almost reached the resistance at 1280. The resistance is at 1280, the support lies at 1260.

MACD is in a positive area. The signal line is in the histogram. MACD grew on Friday that is a buy signal. RSI is in the overbought level of 70. That is a sell signal. The price is above Moving Averages (50, 100 and 200).

Trading recommendations

The gold is close to the strong resistance 1280 on the daily chart. Besides the metal is overbought. The gold may start a correction soon. The sellers’ target is the mark 1200. Nevertheless we recommend staying away from trading before the situation about the USA rates becomes clear. The gold futures may keep growing if the Fed leaves the rates unchanged



Brent

General overview

Brent fell after reaching almost yearly highs. The correction happened due to the strengthening of the dollar. However, refineries and supply disruptions from Nigeria still support the oil.

Current situation

The oil quotes stopped their growth. The Brent decreased and broke a number of levels on its way: 52.50, 51.50. The oil futures ended the week at the mark 50.50. The resistance comes in at 51.50, the support lies at 50.50.

MACD is still in the positive area, its signal line left the histogram. MACD is decreasing and that is a sell signal. RSI is still close to the oversold level of 30. The Brent quotes stopped at the 50 Moving Average that did not let the Brent to fall.

Trading recommendations

The Brent looks oversold and may slow down its decrease. The quotes shall wait for new drivers, such as the Fed meeting results and Weekly Crude Oil Stock report.

The Brent has all chances to bounce off. If the quotes bounce they will grow back to 52.50. If the prices advance lower 50.50 the decrease will be continued



Dax30

General overview

On Friday, the European stock indexes fell due to oil prices decrease and Mario Draghi’s comments.

Current situation

The index started Friday with a gap down. The price fell from 10085 to the mark 9760. The DAX broke on its way the level 1000 and touched the level of 9760. The resistance comes in at 1000, the support is at 9760.

MACD is in the negative area that is a sell signal. RSI is in the oversold area. The index fell through Moving Averages 50, 100 and 200. The level 9760 is a strong support on the daily chart.

Trading recommendations

The index is oversold. We expect a correction after a three days decrease. Shall the Dax30 increase it will grow to 1000. The support 9760 does not let the index to fall. If this level is broken DAX30 will fall deeper to 9570



SP500

General overview

The USA Bonds Market decreased its volatility before the major event in the month – the Fed meeting regarding the USA rates hike.

Current situation

The index showed active trades on Friday. Most of the day SP500 was decreasing with several stops at 2100 and 2095. The index bounced off from 2095 to 2103. However that turned out to be a short break that ended with resumption to a decrease. SP500 ended the week at 2086, the same level that a week ago.
The resistance comes at 2100, the support is at 2086.

MACD is in the negative area that is a bearish signal. RSI is close to the oversold area. The index broke through the 50 Moving Average and stopped on the 100 Moving Average.

Trading recommendations

The index is oversold so we may see a correction today. The main trend is bullish on the daily chart. Besides the price is close to the 50 Moving Average and may bounce from it as it did before. If we do not see a break below the support 2086 the price will return to the growth.



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


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

Post by ValdisTF on Mon Jun 13, 2016 3:12 pm

"Fort Financial Services"- technical analysis.

13.06.2016

Euro

General overview

The risk aversion and the growth of the pair EUR/GBP supported the euro. The economic calendar was empty on Monday as a result we had a low volatile day. Now the attention of the market is turned to the Fed meeting.

Current situation

The pair EUR/USD spent almost the whole Monday at the level of 1.1250. The pair consolidated after a sharp decrease that had happened last week. The quotes began its correction during the American session. The EUR/USD managed to test 1.1300. The resistance is at 1.1300, the support is at 1.1250.

MACD is in the negative area. MACD decreased, that is a sell signal. RSI bounced from the oversold area. That is a buy signal. The rebound above 1.1250 should be considered corrective.
The 50 Moving Average is directed downwards, that is a sell signal

Trading recommendations

The market looks bearish. We feel comfortable taking short-term sell positions. Shall the pair decrease it will fall to 1.1130. We also do not exclude a corrective growth to the level 1.1370 if the price bounces upwards from the Moving Averages (50, 100 and 200).



Pound

General overview

The British pound fell against the US dollar last week as investors are seriously concerned that the UK may leave the EU.

Current situation

The sellers controlled the market. The quotes continued their decrease and broke the level 1.4240 on Monday and touched 1.4150. All buyers’ attempts to grow met the serious resistance from the sellers’ part. The GBP/USD tried to recover but failed. The pair touched the resistance 1.4320 and immediately fell again below 1.4240. The resistance is at 1.4240, the support come in at 1.4150.

MACD is in the negative area. The MACD does not show any divergence. The indicator decreased, that is a sell signal. RSI is in the oversold zone. That is a buy signal. The pair consolidated below Moving Averages (50, 100 and 200) on the 4 hour chart that worsened its short term outlook. The price is close to the bottom of the market that was set in the beginning of 2016.

Trading recommendations

The price is oversold, the market looks bearish. The price may bounce upwards to the level 1.4320. However a drop back below 1.4150 may force the GBP/USD to resume its downward trajectory and fell below 2016 lows.



Yen

General overview

The yen strengthened against the dollar. The Japanese currency gained an additional impulse when the weak economic data in China and Japan worsened the outlook for the economic growth in Asia.

Current situation

The yen continued its decrease and tested the support at 106.00. The pair remained under pressure due to upcoming events: the Fed and BoJ meetings. The yen is in demand being a safe heaven currency. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area, the histogram decreased. MACD shows a convergence (that is a strong reversal signal). RSI is close the oversold level of 30. That is a buy signal. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour chart. The pair is on its lows from 2014 at the daily chart.

Trading recommendations

The pair may decrease further as the risks kept growing in the market amid the upcoming Fed and BoJ meetings. The pair may decrease to 105.30. We still may see a rebound up to 108.00.



AUD

General overview

The AUD / USD rose when the market received positive data from China. According to the National Bureau of Statistics of China, the Industrial Production PMI remained unchanged, its results were higher than economists' expectations. Australian Financial markets were closed for a public holiday on Monday.

Current situation

The AUD/USD decreased last week due to the dollar strengthening. The pair started with a growth the current week. The pair could reverse some of its losses. The AUD/USD was able to reach the mark of 0.7400 where the growth slowed down. The resistance stands at 0.7500, the support comes in at 0.7400.

MACD is on the zero line, the indicator does not give a signal. The indicator RSI is in the neutral area. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart. The Moving Averages (50 and 200) work as a support for the pair.

Trading recommendations

The quotes bounced off the Moving Averages (50 and 200). The price may grow to the local high at 0.7500. As an alternative scenario the pair will decrease to the level 0.7270 and further to 0.7140.



GOLD

General overview

On Monday, the gold futures grew to fresh four-week highs. Investors prepared for the Fed meeting.

Current situation

The gold quotes tried to continue their growth on Monday. However, the wave of growth slowed down and stopped at the mark of 1287. The pair spent the whole day just above the level of 1280. The resistance is at 1300, the support lies at 1280.

MACD is in a positive area that is a buy signal. The signal line is in the histogram. RSI is in the overbought level of 70. That is a sell signal. The price is above Moving Averages (50, 100 and 200). There was a crossover on the Moving Averages that is a sell signal.

Trading recommendations

The gold metal is overbought. We expect a correction. The sellers’ target is the mark 1260.



Brent

General overview

The Brent prices continued to decline as the weak economic data from Asia had revived concerns about the global economic outlook. The strengthening of the US also had a negative impact on the oil prices.

Current situation

The oil quotes stopped their decrease and even made an attempt to grow. The Brent started the week from the support at 49.60. The futures grew to the level of 50.50 but failed to consolidate above it. The resistance comes in at 50.50, the support lies at 49.60.

MACD is in the negative area, its signal line is in the histogram. MACD decreased and that is a sell signal. RSI bounced off the oversold level of 30. That is a buy signal. The Brent quotes bounced off the 100 Moving Average that is a buy signal.

Trading recommendations

The Brent may return to a growth if it breaks the resistance 50.50 (the 50 Moving Average). If the quotes consolidate over 51.00 it will advance north to 52.50. Otherwise we will see a drop below 49.60.



Dax30

General overview

On Monday, the European stock indices opened with a sharp decrease, as investors remained cautious ahead of meetings of two Central Banks (the US and Japanese). The oil prices decrease pressured the indices as well.

Current situation

The index showed low volatile trades and remain at the opening prices level during the Asian and European sessions. The price fell at the American session. The new local low is at 9630. The resistance comes in at 9760, the support is at 9550.

MACD is in the negative area that is a sell signal. RSI is in the oversold area. The index fell through Moving Averages 50, 100 and 200 and moved away from them. The level 9760 is a strong support on the daily chart.

Trading recommendations

The index is oversold. We expect a correction this week. Shall the Dax30 increase it will grow to 1000. If the index consolidates 9670 it will fall deeper to 9550.



SP500

General overview

The weakening of the dollar and the growth of oil prices pressured the USA indices. All indices are in the "red zone" in anticipation of upcoming statistical data in the US (the rate hike, retail sales, inflation and others.)

Current situation

The index tried to recover on Monday. SP500 bounced from the support 2086 and grew to the current resistance 2100. SP500 failed to grow further and returned at the opening price level. The resistance comes at 2100, the support is at 2086.

MACD is in the negative area that is a bearish signal. RSI is close to the oversold area. That is a buy signal. The index broke through the 50 Moving Average and stopped on the 100 Moving Average. There is an upward trend on the daily chart.

Trading recommendations

If the price consolidates above 2100 the price may return to the growth. If the index does make a breakout at that level 2100 we will see a drop to 2070



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

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

Post by ValdisTF on Tue Jun 14, 2016 4:00 pm

"Fort Financial Services"- technical analysis.

15.06.2016

Euro

General overview

Even though the Eurozone published positive industrial production report the euro continued its decrease. The euro is near the new lows of the week due to German government bonds yields falling and due to concerns about the referendum in the UK.

Current situation

The price moved in the descending price channel. Its low boundary is at 1.1230, the upper boundary is located at 1.1300. Yesterday the growth wave faded away, sellers returned to the market. The pair EUR/USD fell from the resistance 1.1300. The price broke the level of 1.1250 and approached the mark of 1.1200. The pair began a consolidation phase. The resistance is at 1.1250, the support is at 1.1200.

MACD is in the negative area. MACD decreased, that is a sell signal. RSI is in the oversold area. If oscillator leaves the oversold area upwards it will give a buy signal. The Moving Averages (50, 100 and 200) are parallel to each other. The main trend is down.


Trading recommendations

The pair now seems to be heading towards the support near 1.1130. The level of 1.1300 limits the growth of the pair. An uptrend will start as soon, as the pair rises above this resistance.



Pound

General overview

Yesterday the pound was trading nearly two-month low against the dollar. The inflation in May remained at the same level, while the concerns about the Brexit pressured the pound.

Current situation

Technically, the main trend is down on the daily chart. The pair continued its decrease and broke the level 1.4240. The decrease was stopped by the resistance 1.4150. The pair spent the last part of the day near that level. The resistance is at 1.4240, the support come in at 1.4150.

MACD is in the negative area. The indicator decreased, that is a sell signal. RSI is in the oversold zone. We consider that as a buy signal. The pair is below Moving Averages (50, 100 and 200) on the 4 hour chart. The Moving Averages are directed downwards. That is a sell signal.

Trading recommendations

The quotes are near the year low and we do not think the pair will break it easily. The support 1.4060 limits the decrease of the pair. If this level can hold we will see a bounce off to the level 1.4400. An downtrend will start as soon as the pair drops below this support level.



Yen

General overview

On Tuesday, Taro Aso (Japanese Finance Minister) warned the market against the latest strengthening of the yen. According to Taro Aso the officials would "respond decisively" to prevent speculative movements in the currency market.
Current situationThe yen continued its decrease and set a new day low at 105.64. After reaching the mark 105.64 was in a sideway, remaining under pressure. The resistance is at 107.00, the support is at 106.00.

MACD indicator is in a negative area, the histogram decreased. MACD shows a convergence. RSI is close the oversold level of 30. That is considered as a buy signal. The pair USD/JPY is below the Moving Averages (50, 100 and 200) on the 4 hour chart. The pair is on the year lows on the daily chart.

Trading recommendations

If the support 105.30 will be broken, the price may fall further to 104.50. An uptrend will start as soon as the pair grows above the resistance level 107.00.



NZD

General overview

The market is not ready to risk before the main events of this week (the Fed and BoJ meetings). The decrease of the European Bonds markets and the bearish tone around oil prices pressured the pair NZD/USD.

Current situation

The NZD/USD returned below the level of 0.7050. The pair was under pressure and headed towards the level 0.6950. The resistance stands at 0.7050, the support comes in at 0.6950.

MACD is on the zero line. If MACD went into the negative area it shall give a sell signal. The indicator RSI is in the neutral area. The indicator is approaching the oversold area. The price is above Moving Averages (50, 100 and 200) on the 4 hour chart. The price is close to the 50 Moving Average which is just above the nearest support line. The MA can stop the quotes from the decrease or can bounce them up.

Trading recommendations

The level 0.7000 used to be a strong resistance, now it is the key level for a downtrend. We hardly can imagine the strengthening of the NZD when the anti-risk sentiment prevails. Our eyes are right now at the support level 0.6950. If the pair breaks it the way to the level 0.6850 will be open.



GOLD

General overview

The gold futures took a pause before the Fed meeting results announcement.

Current situation

The gold futures declined during the Asian and the European sessions on Tuesday. The metal returned to a growth during the American session. The gold set a new day high at the mark 1289. The gold is trying to consolidate above the level of 1280.00 and continue to grow on the one hour chart. The resistance is at 1300, the support lies at 1280.

MACD is in a positive area, the histogram declined that is a sell signal. The signal line left the histogram. That is a pivot signal. RSI is in the overbought level of 70. That is a buy signal. Shall the signal line leave the overbought zone down we will get a sell signal. The price is above Moving Averages (50, 100 and 200). There was a crossover on the Moving Averages. The Moving Averages are directed upwards.

Trading recommendations

The gold futures are at 1280.00 on the daily chart. That is a very important level which may act as a further level of support if the price closes above it. Therefore, it is the best to wait for a consolidation above or below the level.



Brent

General overview

The Brent declined when investors ignored signs of narrowing of the market due to concerns about the global growth slow down and stock markets decrease before the referendum in the UK.

Current situation

The oil futures spent the day in a sideway movement that was between 49.50 and 50.00. The resistance comes in at 50.50, the support lies at 49.50.
MACD is in the negative area, its signal line is in the histogram. MACD decreased and that is a sell signal. RSI is close to the oversold level of 30. The Brent quotes are below Moving Averages (50 and 100) that serve as a resistance.

Trading recommendations

If the Brent remains below 50.50 it shall decrease to 48.50. Alternatively, the Brent may grow to 51.50.



Nasdaq

General overview

The US stock indexes fell due to the increased traders’ nervousness before the meeting of the Fed and the referendum in the UK.

Current situation

The index tried to recover on Tuesday. Nasdaq reversed to 4430. Sellers returned to the market at the American session and sent the price down. The index fell through the support 4400 and stopped at 4383. The resistance comes at 4400, the support is at 4350.

MACD is in the negative area that is a bearish signal. RSI is in the oversold area. If the line leaves the oversold area upwards we shall get a buy signal. The index broke through the 200 Moving Average. The 50 and 100 Moving Averages are above the price.

Trading recommendations

We believe the index shall decrease until the Fed announces its decision regarding the rate. The weakness of the market can send the index to the support 4350. Nasdaq can bounce to 4440.



SP500

General overview

The key stock indices closed the day in the "red zone" on expectations of a two-day meeting of the Fed. Current situationThe index tried to recover and was able to reach 2061 when sellers returned to the market and sent the price down. SP500 quotes broke the level 2070 and set a new local low at 2060. The resistance comes in at 2070, the support is at 2055.

MACD is in the negative area that is a bearish signal. RSI is in the oversold area. If the line leaves the oversold area we shall get a buy signal. The index broke through the 200 Moving Average. The 50 and 100 Moving Averages are above the SP500. There is an upward trend on the daily chart.

Trading recommendations

If the price remains below the level 2070 (SMA 200) the downtrend will be continued. Any move above this level should be considered corrective.




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