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 "Fort Financial Services"- fundamental and technical analysis

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ValdisFFS



Male Number of posts : 544
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PostSubject: Re: "Fort Financial Services"- fundamental and technical analysis    Mon Jun 26, 2017 12:12 am

"Fort Financial Services"- fundamental and technical analysis.

26.06.2017

EURUSD

EURUSD spent last day moving aside towards the range of 1.115. Market started to roll later that day giving the opportunity of going back to 1.11. Resistance is hold at 1.116, support comes in at 1.114.

Trading recommendations.

The price seems to consolidate amongst the 1.05 as the floor and 1.15 as the top. Breaking lower the 1.11 will definitely send the price lower to the 1.10.



GBPUSD

GBPUSD was going aside on last day testing the range of 1.266 that offers good support recently. Resistance is hold at 1.269, support comes in at 1.265.

Trading recommendations.

Looks as that market faces new inflow of buyers therefore the price might start consolidating amongst the 1.26 and 1.28.



NZDUSD

NZDUSD was following the tops on last day as well getting over the 0.725 reaching then 0.727 and at the end closed at 0.725. Resistance is hold at 0.727, support comes in at 0.72.

Trading recommendations.

Getting through the range of 0.73 must send the price to the higher ranges but it looks as it's a matter of time now. As for long-terms the level of 0.75 seems to be a nice one.



USDJPY

USDJPY was going down on last day finding then the supportive range closer to the 111 to be able to bounce at the end of day. Resistance is hold at 111.4, support comes in at 111.

Trading recommendations.

Bulls seem to remain and prevail that market at the moment giving the way for long-terms in case the price starts to move towards the range of 114 or 115.



DAX

DAX was facing the upside move on last day getting towards the 12800. Resistance is saves at 12805, support comes in at 12720.

Trading recommendations.


If price breaks over the 12800 range then looks as itíll go much further for the 12900 as the 12700 seems to be offering good supportive point. In a matter of time the index seems to be aimed on reaching the 13000.



XAUUSD


XAUUSD went upwards on yesterday as well getting over the 1250 range the level that might be regarded as nice supportive one. Resistance is hold at 1254, support comes in at 1246.

Trading recommendations.

If soon the price gets over the 1255 level then it's quite possibly the gold continues its growth up to the 1260. Then in case of these moves take place the next target looks as the 1275.



BRENT

Brent did break over the high range of the 45 on last day. Level of 46 seems to be offering strong resistance therefore giving the opportunity to sell here. Resistance is hold at 45.7, support comes in at 44.6.

Trading recommendations.


That market looks to continue following up the down trend towards the bottom range set at the 40 or below it.



NASDAQ

NASDAQ made attempts of getting higher at opening on last day getting through the 5800 but closed the day at lower range near the 5775. Resistance is hold at 5800, support comes in at 5770.

Trading recommendations.

Getting over the range of 5800 must be sending the price looking towards the 5900. If that happens soon the range of 5900 could considered as nice long-terms point.




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

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ValdisFFS



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PostSubject: Re: "Fort Financial Services"- fundamental and technical analysis    Mon Jun 26, 2017 8:59 pm

"Fort Financial Services"- fundamental and technical analysis.

27.06.2017

Eur/Usd

The pair has been consolidating and ranging for some time now as it is caught in the tight range between 1.11 and 1.13 over the last few weeks. This consolidation is expected to continue today and this week as well as the month end flows and the lack of news is likely to influence the prices.

Trading recommendations

Looking ahead to the start of the week, there is Draghi speech late in the day but his tendency has always been not to speak about the economic or monetary policies in a majority. This would mean some more consolidation and ranging in the EURUSD pair on either side of 1.12.



GBP/USD

The pair has been the most volatile of all the pairs over the last few weeks, ever since the elections threw up some surprises. This is likely to continue as we now shift focus to the Brexit negotiations and the range boundaries at 1.28 and 1.25 are likely to come under attack

Trading recommendation

If the market did breakdown below the 1.26 handle, at that point we should have to think that the market is going to drop much farther below and drop rapidly.



AUD/USD

The pair continues in a tight range and this has been the case for quite some time now. Thanks to the bulls that that they have not allowed the prices to fall despite the fact that the commodity prices have been under pressure.

Trading recommendations

Expect short-term pullbacks, but those should be buying opportunities. The market should continue to trade volatility, but there is a certain amount of upward proclivity in this market.



USD/JPY

The pair trades in a strong manner as the stock markets around the world seem to be in a risk on mode and have been trading strongly as well. This has given way to weakness in the yen which has helped the pair to rise over the last few days.

Trading recommendation

Look for the USD/JPY to weaken if the data comes in lower-than-expected. Yields should fall on the news, making the U.S. Dollar a less-desirable investment while boosting the appeal in the Japanese Yen.



Gold

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend rather than any change in trend. The downtrend has since resumed and the prices have fallen below 1250 and if the previous support at 1240 is broken, then the prices should fall to 1220



Oil

Oil prices continue to trade weakly and the expected bounce has not yet arrived on the oil market. The issues in the Middle East continue to simmer underneath and an escalation of that issue could have a huge bearing on the oil prices and help to push it higher.




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

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ValdisFFS



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PostSubject: Re: "Fort Financial Services"- fundamental and technical analysis    Tue Jun 27, 2017 5:29 pm

"Fort Financial Services"- fundamental and technical analysis.

28.06.2017

EURUSD

The EUR/USD is surging on Tuesday after European Central Bank President Mario Draghi said there are clear signs of a ďstrengthening and broadeningĒ recovery underway in the Euro Zone. The pair went back and forth initially before finding areas of resistance. After a while, the pair dropped down to support underneath due to the USD gains. Traders can expect a lot of market volatility to continue as the central bank members are scheduled to make more speeches today.
If the market could break above the 1.13 level, the market should then go to the 1.15 level above. That is a massive barrier on the longer-term charts, as we have been consolidating between the 1.05 level on the bottom and the 1.15 level on the top over the last 3 years.



GBPUSD

The pair initially went higher before settling down to support areas. The market continues to be under immense pressure and shows a lot of volatility as the dollar has gained from last evening on some strong durable goods data. Traders should also pay close attention to the Brexit negotiations, as it will decide the course of the pound in the time ahead.
The market will find plenty of reasons to be volatile. If the market can break to the upside, that should send this market towards the 1.28 handle, and perhaps a break above there. A break above there should send this market to the 1.30 level.



USDJPY

The pair dropped down to areas of support underneath and is expected to rally further in the time ahead. The dollar looks positive with the US durable goods strong data, Fed Reserveís interest rates outlook for this year and the US Stock indices performance. Traders can expect a bullish trend of the market in the longer term.
The market looks likely to go looking for the 112-level given enough time, but it of course will be very choppy as this market is volatile in general. Federal Reserve raising interest rates over the longer term will of course keep this market positive, and it is risk sensitive.



AUDUSD

The pair continued to rally further and remained quite firm. With the Chinese Industrial Profits coming in steady, the Australian dollar gained momentum. The transport and petrochemical industrial sectors performed the best, with profits coming in at 16.7 percent and going above expectations. In the long term, the market might continue to move higher and remain bullish.




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


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ValdisFFS



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PostSubject: Re: "Fort Financial Services"- fundamental and technical analysis    Mon Jul 03, 2017 10:59 pm

"Fort Financial Services"- fundamental and technical analysis.

04.07.2017


EUR/USD


After finding an obstacle at 1.1450 last week EUR/USD turned bearish. The pair extended its weakness on Monday. Sellers broke 1.1400 in the night and headed towards 1.1350. The resistance is at 1.1400, the support comes in at 1.1350.

The pair is still in an upward channel. The current decline we consider corrective. The spot may reach 1.1350-1.1330 where we expect it to bounce upwards.



GBP/USD

The pound traded mixed the recent days. Inability to break above 1.3000 made buyers give up their gains to take some profit. The pair started the day above 1.3000 and went down immediately after opening. The cable broke the level 1.3000 during European morning trade and moved lower after that. The resistance lies at 1.3000, the support comes in at 1.2900.

The bullish momentum is likely to be regained. However, we believe the pound needs to gather some steam before keep growing. The pair may decline to 1.2940-1.2900 in the coming sessions.



USD/JPY

The pair managed to reverse all last week losses on Monday. Buyers found support at 112.00 where they found strength to grow again. USD/JPY was positive the first part of the day and was able to reach 113.00 by noon. The resistance lies at 113.00, the support comes in at 112.00.

We believe the pair will remain in bulls' hands. If buyers break above 113.00 the way towards 113.50 will be open.



GBP/JPY

The GBP/JPY remained in a near-term upward channel on Monday. Buyers advanced to 147.00 in the morning session but lost strength and turned to the downside. After posting the session high at 146.82 the price stepped back to 146.50 where bulls regained control pushing the pair to 147.00. The resistance lies at 147.00, the support is at 146.00.

We believe the pair will remain positive. A move above 147.00 would revive bullishness towards 148.00.



EUR/JPY

The pair found strong resistance at the level of 128.50. The spot failed to advance beyond the level and stayed around it. The resistance lies at 128.50, the support lies in at 128.00.

EUR/JPY is having difficulties to go any higher right now. However, the trend is bullish. A break above the current resistance will suggest further strengthening towards 129.00.

Уровень 128.50 стал на пути покупателей. Выше него цена не смогла пойти и оставалась в районе отметки в течение дня. Сопротивление расположено на 128.50, поддержкой выступает уровень 128.00.

Несмотря на трудности, тренд остается восходящим. Считаем, что уровень 128.50 будет пройдет и актив двинется к 129.00.



NZD/USD

Buyers failed to extend their gains on Monday. The pair just retested 0.7350 in the Asian session and reversed its direction afterwards. Sellers seized control and were pushing the price lower the first part of the day. NZD/USD reached 0.7300 in the mid-European session. The resistance exists at 0.7350, the support stands at 0.7300.

The pair is still in an upward channel. The spot touched the lower limit of the ascending channel. If the pressure persists the price may reclaim 0.7300 and test 0.7250. Anyway, we are bullish near term and do not believe the current weakness will last long.



XAU/USD

The tone is still negative in the market. Bears broke 1240 in the Asian session and pushed the spot lower after that. The yellow metal continued going down the night and the morning and reached 1235 by noon. The resistance exists at 1240, the support stands at 1230 dollars per ounce.

The precious metal broke a strong support 1240. That means the current bearishness will last for a while. Sellers aim at 1230 now. A successful break below the level could spark a further decline to 1220 dollars per ounce.



Brent

Brent gapped higher at the daily open on Monday. The price jumped from 47.86 to 48.93 dollars per barrel. Buyers managed to extend their gains up to 49.14 when they lost steam. Sellers returned to the market after that. The benchmark started to lose ground and reached 48.50 ahead of the NY opening. The resistance lies at 49.50, the support lies in at 48.50.

Brent oil prices may try to fill the gap. We do not rule out a decline below 48.50 dollars per barrel. Anyway, the current market sentiment is positive. The price may turn bullish any moment now.



DAX

DAX traded mixed on Monday. The price gapped downwards at the daily open. The index spent the night at 12320 and jumped to 12400 in the morning. The benchmark stayed at the level the first part of the day. The resistance lies at 12400, the support lies in at 12300.

If bulls remain in control DAX may retake the 12350 mark soon. However, the current price action shows negative tendency. The index may retest 12300 in this scenario.



SP500

S&P500 had a positive start to the week. The index bounced from 2420 at the daily open. Buyers pushed the benchmark higher and reached 2429 in the late European session. The resistance lies at 2440, the support lies in at 2420.

Despite the recent grows the index is under pressure. We believe sellers will get control soon and will return S&P500 to 2420. After retaking the level sellers may lead the price to 2400.




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

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ValdisFFS



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PostSubject: Re: "Fort Financial Services"- fundamental and technical analysis    Thu Jul 13, 2017 11:05 pm

"Fort Financial Services"- fundamental and technical analysis.

14.07.2017

Euro

The upward channel remained intact on Thursday. The price just moved from its upper boundary to its lower one. The level 1.1400 rejected the pair upwards and the euro returned to 1.1450 afterwards. A fresh downward impetus emerged in the mid-European session. EUR/USD decline to 1.1400, trying to break below the handle. The resistance resides at 1.1450, the support comes in at 1.1400.

We are still bullish and prefer to wait when the current correction is over. Buyers are likely to attack 1.1500 in the short-term.



Pound

The pound found fresh bids at 1.2800. New buy orders helped the major to recover recent losses. The spot bounced from 1.2800 and returned to 1.2900. The major spent the Asian session around the level and continued its growth in the morning. GBP/USD reclaimed 1.2900 and headed towards 1.2950. The resistance lies at 1.3000, the support comes in at 1.2900.

The pair stays in a near-term downward channel. The GBP/USD pair needs to consolidate above 1.2950 to leave the channel. If sellers regain control the major may retest the 1.2800 handle.



USD/JPY

The US dollar remains under heavy selling pressure. Bears broke the lower limit of the upward channel (113.40) the other day. Sellers had a temporary stop at 113.00 and are trying to break lower on Thursday. The resistance lies at 114.00, the support comes in at 113.00.

A break below 113.00 will neutralize the upward pressure further. In this scenario sellers will lead the major to 112.50. Should the level 113.00 hold USD/JPY will recover back to 114.00.



GBP/JPY

GBP/JPY is neutral on Thursday. The 145.00 level appeared to be a strong obstacle to retake. The price bounced from the level and returned to 146.00. After reaching the level the upward momentum lost steam. The pound spent the Asian and the European sessions around the level. The resistance lies at 147.00, the support is at 146.00.

If sellers retake 145.00 the spot may face a further downside pressure. After reclaiming 145.00 sellers will aim at 144.00. Alternatively, the pair may return to the upward channel. Buyers need to reclaim 147.00 to regain control.



EUR/JPY

The euro remained under pressure due to the bid sentiment around the yen. After a continuous decline the pair finally stopped at 129.00. The pair bounced from the level in the Asian session and recovered to 129.50. The resistance lies at 129.50, the support lies in at 129.00.

A break below 129.00 will signal about a fresh decline to 128.00.



USD/CAD

USD/CAD traded mixed on Wednesday. The spot was neutral the first part of the day. The pair stayed in a narrow channel around 1.2900. A New York session brought fresh bearishness to the market. The US dollar sharply dropped and broke 1.2800. Sellers continued to grind lower afterwards and stopped at 1.2700. After posting fresh lows at 1.2700 the US dollar grew to 1.2750. The resistance exists at 1.2800, the support stands at 1.2700.

A broad based US Dollar weakness helped CAD to regain some traction. We believe sellers will remain in the driver's seat. After a short pull back the major will decline to 1.2700.



XAU/USD

Gold prices continued their recovery and reached 1225. After reaching the mark gold prices faced some selling pressure. As a result, the spot had to retreat to 1220. Bulls, however, returned in the morning on Thursday. Gold prices grew and approached 1225 by noon. The resistance exists at 1230, the support stands at 1220 dollars per ounce.

A move below 1220 would revive bearishness towards 1210 dollars per ounce.



Brent

The buying interest faded after touching 48.50 dollars per barrel. Brent just pierced the level and turned around. The benchmark erased the half of buyers' fresh gains by the end of Wednesday. Brent spent the first part of Thursday at 47.50. The decline was continued in the late European session. The resistance lies at 47.50, the support lies in at 46.50 dollars per barrel.

If the bearish tone persists we expect a breakout of the level 47.50 and advance to 46.50 dollars per barrel.



DAX

DAX was neutral on Thursday after Wednesdayís rally. Buyers retook 12600 and stayed above the level afterwards. The resistance lies at 12700, the support lies in at 12600.

If DAX stayed above 12600 the upward momentum will send the market to 12650.



S&P500


S&P500 had a positive day on Wednesday. The index pulled away from 2420 and rallied to 2440. The index momentum began to fade when S&P500 touched the level. The index spent the night and day sessions at 2440. The resistance lies at 2440, the support lies in at 2420.

The 2440 hurdle is a strong level. The index is likely to rebound from the level. The price may return to 2420 in this case.



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

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