MoneyOnComputer

#712 · by » **ValdisTF** » **Thu, 18 August 2016, 7:06 pm** **| #511 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

19.08.2016

EUR / USD

General overview

A further weakening of the US currency brought EURUSD pair up from yesterday's consolidation levels. The current upward trend in the EURUSD market persists and is gaining momentum.

Current situation

Growth is restrained by a significant resistance level of EUR 1.1320. Support zone is located in the Eur 1.1207-Eur 1.1230.

Trading recommendations

We do not exclude the possible rollback from EUR 1.1320. Long positions are suitable on passing and confident settlement above this level.

JPY / USD

General review

During the Asian session, the pair USD / JPY, fell to a new level of support JPY99.90, ending yesterday's technical pullback upwards. Japanese data were contradictory. Japan's trade surplus in July amounted to 514 billion, which is almost twice more what economist expected - 248 billion. Japan imports volume (y/y) decreased by -24.7%, while expectation was a decline of -20.6%.

Current situation

Today, the pressure on the Japanese currency strengthened. The next support level – is local minimum at JPY98.93.

Trading recommendations

The market is bearish and is trading at local minimums . We are not sure of further dropping. However, passing level JPY99.90 will sends the quotes lower.

XAU / USD

General review

Gold continues to trade within a medium-term channel $ 1335- $ 1358. A further weakening of US dollar sent a quotation in the upper range of the specified Range. Consolidation continues. Trading activity is below average.

Trading recommendations

Exit from the consolidation is delayed. Inside channel trading with short stops is preferable.

AUD / USD

General review

The data on Australia economy keeps on appearing - the number of jobs grew by 26.2 thousand in July, higher than the forecasts. The level of the Australian unemployment rate fell in July to 5.7%, from 5.8% in June.

Current situation

The Australian dollar finished yesterday's correction and on Daily is trying to stay above the significant 0.7670 level. Prospects for further midterm growth are strong at least to 0.7820.

Trading recommendations

if market close above 0.7620 is it likely to gain futher.

NZD / USD

General review

The New Zealand dollar came close to strategic resistance 0.7300-0.7320. In case of breakdup we can talk about the medium-term bullish trend to 0.75-0.76.

Trading recommendations

We consider it reasonable to wait for the development of the current situation in the market and remain flat- uncertainty is high. Longs only after the passage and settlemnet above 0.7310-0.7315

BRENT

General review

Contrary to our expectations the overbought oil managed to consolidate above $ 49 and reached the area of $ 50 and then $ 50.25

Current situation

It looks like the market is moving up to the local maximum of 2016 years- $ 51 per barrel. Yesterday, the market was supported by inventory data. However, the annual level of the US oil production is still declining. It is a kind a sign of speculative component in this movement.

Trading recommendations

The rally in the oil market continues. Near term resistance is at $ 51 per barrel area. Support is around $ 49-67- $ 49

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

#712 · by » **ValdisTF** » **Sun, 21 August 2016, 9:01 pm** **| #512 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

22.08.2016

EUR/USD

General review

Today the pair EURUSD, resumed its decline, after new Dudley and Williams comments has confirmed its position on rate hike in the near future.

Current situation

Technically, there are no reversal signals and the pullback seems to be correction however pair EURUSD may fall to the key support level of 1.1113.

Trading recommendations

At the same time, the medium-term upward trend still persist- in which the immediate goal of the bulls is a key resistance level of 1.1461.

JPY/USD

General review

During the Asian session USD / JPY has strengthened against the background of the general growth of the dollar.

Trading recommendations

The probability of a corrective pullback saved up for testing of a key resistance level JPY101,01

XAU/USD:

General review

Gold quotes fell to the lower border of the medium-term range 1336-1358.

Trading recommendations

On the four-hour chart a reversal candle pattern has formed, after which there is a probability of correction upwards, to the upper limit of the range. In case of breakdown, the upward movement to the key resistance level of 1357.64 will follow.

Brent

General review

Oil prices continue to rise and today quotes test key resistance level of 51.01.

Trading recommendations

In case of breakdown and consolidation above $ 51, the bulls can move the market, towards the key resistance level of 53.53. In the case of rebound from the key resistance level of 51.01, we can expect a downward correction to the key support level of 48.01.

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

#712 · by » **ValdisTF** » **Mon, 22 August 2016, 8:14 pm** **| #513 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

23.08.2016

EUR / USD

General review

The pair EURUSD opened with a slight downward gap at the beginning of the session, but market played back most of the losses and return to resistance level 1.1312-1.1320 area.

Current situation

Last week the final consolidation above 1.1320 failed to happen. Today's upward pullback from 1.1272 to 1.1312 could be a result of the closing stops.

Trading recommendations

EUR/USD trend remain bullish as pair is trading above the 61.8 Fibonacci extension. However, the situation is not clear – upward and downward movements are both possible- we stay out of the market to clarify the situation.

USD / JPY:

General review

USD/JPY pair has greatly strengthened during the Asian session today amid strengthening of the US dollar. Yesterday the FED official Fischer voiced the opinion that the regulator is to return to interest rate hike before the end of this year.

Current situation

The gap was formed at the start of trading day as USDJPY market opened close to 100.77-resistance level. This was followed by a pullback, but the gap was not filled- which might be a strong bullish signal. During the European session, the USDJPY pulled back to 100.32.

Trading recommendations

In today's market uncertainty, we expect the range trading within 99.90-107.78

AUD / USD

General review

During the Asian session, the pair AUD / USD, dropped below the key resistance level of 0.7672. At the end of the previous week's market AUDUSD failed to consolidate above 0.7672, which could mean the development of medium-term growth. We do not exclude attempts to test this level in the near future.

Current situation

In terms of technical analysis, it is preferable to wait for consolidation with the possible development of the downward correction. Close support area is at 0.7540-0.7580 levels

XAU/USD:

General review

Amid US dollar gains, the gold price have made an attempt to exit dawnward from the medium-term channel 1.1336-1.1358.

Current situation

Gold is testing the lower boundary of the medium channel at 1336,

Trading recommendations

The development of a downward movement is likely if the market close below 1.1333-1.1336. However, we expect a short-term return of into the designated channel on technical factors.

Brent

General review

Oil has completed the last week in the area of 51 dollar per barrel.

Current situation

After a week of growth, the expected correction began to implement. Talks about a possible increase of the Fed rate, and the US dollar gains - will put pressure on the oil market.

Trading recommendations

We're careful with predictions about the depth and strength of correction. Nevertheless, the nearest support is in the area of $ 49 per barrel.

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

#712 · by » **ValdisTF** » **Tue, 23 August 2016, 8:53 pm** **| #514 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

24.08.2016

EUR/USD

General review

EURUSD, slightly weakened, after a positive start of today trading, amid a mixed statistics for the euro area.

Current situation

On H4 chart, there is reversal candle pattern, appeared after pair pulled back to the key level 1.1320 area.

Trading recommendations

Middle term upward trend is still in the game. As the closest resistance level is the area of 1.1461. However, in the current situation of uncertainty we remain out of the market.

JPY/USD

General review

Business activity index in Japan manufacturing sector in August increased to 49.6 against 49.3 in July. During the Asian session, the pair USD / JPY, continued to drop.

Current situation

The pair remains within the range we marked 99.91-101.78. We expect the market will again rebound from the bottom level of the range of 99.91 and to pull back at least to the balance area of 100.30.

Trading recommendations

At the same time we note that the probability increased that USDJPY will trade below 99.70-99.90 support minimum, to renew local minimums.

XAU/USD:

General review

In the Asian session gold returned within medium-term range 1336-1358.

Current situation

However, gold remains under pressure-the last pullback might be triggered by closing stops. Returns above 1346 will mark the strengthening of bull positions.

Trading recommendations

We expect the consolidation to continue with returning to balance level of the range 1.1345

AUD / USD:

General review

After yesterday's growth and the opening gap filling, the market continued to gain, as pair returns to the key level of 0.7660.

Trading recommendations

We expect the movement to slow down in front of 0.7660 resistance level and the kind of consolidation. However, attempts to settle above 0.7660 are likely.

BRENT:

General review

Oil prices continue to decline, amid investor concerns over rising supplies from Iraq and Nigeria, as well as growth in the number of drilling rigs in the United States.

Trading recommendations

The oil market continues to drop and today traded at around $ 48.70. US Inventory data is in the focus tomorrow. Today we expect the consolidation in the range of 48.50-48.70 dollars per barrel, followed by a transition to a relative growth.

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

#712 · by » **ValdisTF** » **Thu, 25 August 2016, 4:48 am** **| #515 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

25.08.2016

EUR/USD

General review

EUR/USD was unable to consolidate above the important 1.1320 level.

Current situation

Today, the pair EUR/USD, started to lose, thus breaking through and consolidating below the important 1.1320 level. The pair is heading toward 1.1245 level

Trading recommendation

We expect the EURUSD dropping to slow down near the support level of 1.1245. Nevertheless, in the wake of the European currency the weakening the market may drop to the basic support level at the 1.1195-1.1210 area

JPY/USD

General review

According to our forecast the USDJPY continues to trade within the range of 99.90-100.78

Current situation

Trading activity is low. Since the morning European session USDJPY trades around the median level of the specified range 100.30-100.40

Trading recommendation

We expect that by the end of the week the pair will continue to consolidate within the boundaries of the specified channel. Meanwhile, the level of 100.78 has become a significant resistance level.

XAU/USD:

General review

As we expected during this week gold has begun to breakthrough from the medium-term channel 1.1356-1.1358 with downward direction

Current situation

After breaking through the resistance zone of 1.1330-1.1336 market is dropping lower.

Trading recommendations

The next support zone is located near 1.1320-1.1325. We expect that the market is moving towards these levels. Strategic support is around 1.1310

AUD / USD:

General review

Yesterday, the pair failed to consolidate above the level of 0.7676- traders used to the level for new sales.

Trading recommendations

Technically the picture is composed in favor of further decline. The first significant level of support is in the 0.7496-0.7500 area.

BRENT:

General review

Oil prices resumed the decline after a rollback of in the area of $ 50 a barrel. The American Petroleum Institute (API) said on Tuesday that US crude stocks rose 4.5 million barrels last week.

Current situation

Price is consolidating in anticipation of the official data on crude inventories by US Department of Energy above the level of $ 49 per barrel.

Trading recommendations

If the figures will be similar to API data, this might lead the market in the area of $ 48- $ 48.50

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

#712 · by » **ValdisTF** » **Thu, 25 August 2016, 7:21 pm** **| #516 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

26.08.2016

EUR/USD

General review

Yesterday, the EUR/USD pair showed downward movement, breaking and consolidating below 1.1291 level. At the same time, today, after the publication of business climate index in Germany, the pair EURUSD, significantly strengthened, returning to the level of 1.1291. Today US data showed that core orders for durable goods rose in July by 1.5%, compared to June, exceeding the expectations of analysts. The volume of durable goods orders in the US is growing faster, adding 4.4% in July, compared to June, with growth forecasts of 3.3%. The number of initial claims for for unemployment benefit in the US totaled 261,000, with projections of 265,000.

Current situation

Pushing back off the level 1.1245 the pair become stronger in the area of 1.1295. Market activity has been reduced.

Trading recommendations

We expect consolidation trade within the boundaries of 1.1245-1.1325, 1.1340. At least before the head of FED speech.

JPY/USD

General review

The market situation in USD/JPY currency pair has not changed.
The pair continues to consolidate within the channel 99.90-100.79. Yesterday the pair USD / JPY, has once again pushed off the bottom border.

Trading recommendations

Our forecast remains the same- we expect sideway trade until the results of Yellen speech. However, the likelihood of the continuation of the downward movement after consolidation given the technical factors become higher.

AUD / USD

General review

Yesterday, on the daily chart the AUD/USD formed a doji reversal pattern, and then, during the Asian session, bulls resumed growth to the test 0.7650. Support is in the area of 0.7595. Resistance area is at 0.7650-0.7660

Trading recommendations

The market will continue to consolidate in the specified range. However, technical factors indicate the possible pullback to the area 0.7500-0.7550.

XAU/USD

General review

During yesterday's trading, gold price sharply dropped breaking and consolidating below the level of 1335, -1336.

Trading recommendations

We expect the gold decrease will continue. Next support is around 1315 to 1309.

Brent

General review

Today oil prices is a bit stronger, despite yesterday's data on US oil inventories.

Current situation

Brent oil futures returned above the level of 49 dollars, approaching the psychological level of $ 50 per barrel. The market strengthened on strong today US data.

Trading recommendations

In addition to Yellen performance, the market will focus on the US statistical date. We expect the decline in volatility and further consolidation on these levels before Friday's news.

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

#712 · by » **ValdisTF** » **Sun, 28 August 2016, 6:12 pm** **| #517 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

29.08.2016

EUR / USD

General overview

EURUSD pair shows a positive trend, the second day in a row.

Current situation

At the same time, the buyers are not strong enough to settle above the key resistance level of 1.1291,

Trading recommendations

There is a possibility of correction, towards the key support level of 1.1113

USD / JPY:

General overview

Japan national base index of the consumer prices (y / y), was -0.5% in July, with forecasts of -0.4%. The base consumer price index in Tokyo (y / y), was 0.4%, the forecast of -0.3% in August.

Current situation

Volatility for the pair USD / JPY remains very low- most of the participants are out of the market in anticipation of Yellen speech. In the current situation, buyers and sellers are in balance, as the price is around the middle level of the channel 100.30-100.40.

Trading recommendations

After today weak statistics data, there was a small probability of correction upwards, on expectations of new stimulus measures by the Bank of Japan. Nevertheless, exit of the consolidation is based on Yellen performance and much will depend on its words.

AUD / USD:

General overview

The pair continues to consolidate in a narrow range 0.7600-0.7650. The situation is not clear- breaking from consolidation can be in any direction.

Trading recommendations

We tend to think that before AUDUSD test the key level of 0.7660 the pair will drop down to levels 0.7500-0.7550.

NZD / USD:

General overview

The pair NZD / USD is continuing a slow but steady growth moving along a rising trend line.

Current situation

In NZD/USD market bulls have moved the price above the key resistance level 0,7300-0.7314.

Trading recommendations

However, there was not confirming settlement signal still; we do not exclude a pullback on volatility.

XAUUSD:

General overview

During yesterday's trading, gold moved to insignificant correction, the market pulled back to levels of 1325, which could be due to profit-taking and short covering before Friday's session.

Trading recommendations

We expect pullback to procced to 1310-1315 levels where the medium-term demand is located. However, the second half of the day promises to be volatile.

Brent

General overview

The oil market has stabilized in the support level of 49 dollars per barrel. At the same time moving above also failed. The news background still provides speculative driver for growth (the upcoming Energy Forum in Algeria, Iran's readiness to cooperate with OPEC). Fundamental factors are opposite to market gains (crude inventories rise in the United States).

Trading recommendations

FED position on interest rate hike will help to get out of consolidation- much will depend on US dollar market. We look forward to continuing consolidation in these ranges. $49-$51 – market range for upcoming week.

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

#712 · by » **ValdisTF** » **Mon, 29 August 2016, 5:41 pm** **| #518 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

30.08.2016

Euro

General overview

The dollar was stable on Monday on the back of J.Yellen's comments plus previous comments by FOMC’s officials which intensified expectations of a potential rate hike by the Fed at the September meeting.

Current situation

The EUR/USD continued to decrease on Monday and found a decent support in the 1.1170 area in the North American session. The resistance is seen at 1.1200, the support stands at 1.1130.

The indicators MACD and RSI resumed their declines within negative territory. MACD indicates the sellers’ strength. RSI entered the oversold area.

The price broke downwards the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages are turning downwards and generate a sell signal.

Trading recommendations

All eyes are right now at the support level 1.1130. If the price breaks this support, the instrument may fall further that should send this market looking for the 1.1070 level.

Pound

General overview

The GBP/USD was under pressure on Monday. The market was closed due to the Banking holiday and sterling traded under influence of external factors.

Current situation

The pound extended its decline against the U.S dollar on Monday. The pair broke the 1.3100 level and consolidated below it. The current resistance is seen at 1.3100, the support exists at 1.3000.

The indicators (MACD and RSI) are negative. MACD generate a sell signal. The RSI is oversold which signals about a possible correction.

The price broke the 50 and 100 EMAs in the 4 hours chart, however, the pound did not move far from the lines and stayed below them. The moving averages are turning downwards and generate a sell signal.

Trading recommendations

We remain bearish on the pair. Once we consolidate below the 1.3100 mark, we think that the 1.3000 level will be next.

Yen

General overview

The dollar grew to the 2-week high on the back of the renewed hopes that the Fed might raise the rates in September. Japanese stocks supported the dollar as well.

Current situation

The USD/JPY gapped higher and extended its gains on Monday. The pair found a solid resistance at 102.50 which did not let the price further upwards. The resistance is at 102.50, the support comes in at 101.40.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overbought area. Both indicators generate a buy signal.

The USD/JPY broke the 200-EMA and headed away from it in the 4 hours chart. The moving averages (50, 100 and 200) are turning upwards.

Trading recommendations

The overall outlook remains bullish, for a growth towards 102.50 resistance area.

AUD/USD

General overview

AUD fell due to Fed officials’ comments about strengthening the monetary policy in the nearest future.

Current situation

The pair touched a four-week low on Monday, however, AUD/USD managed to recover some of its lost ground. The resistance is at 0.7600, the support comes in at 0.7540.

MACD decreased which confirms the strength of sellers. RSI continued consolidating within oversold area.

The 4 hours chart shows that the price is below the 50, 100 and 200 Day EMAs. The 200-EMA is neutral, the 50 is crossing the 100 EMA downwards and both lines are moving down.

Trading recommendations

We believe the AUD/USD will remain under pressure. The current weakness is expected to extend further to 0.7470.

XAUUSD

General overview

The dollar grew following the Yellen’s hawkish comments which weighed on the gold futures.

Current situation

The XAU/USD gapped downwards and set new lows on Monday. The pair traded in red figures and stayed close to the level 1316. The instrument partly recovered in the North American session. The resistance is at 1330, the support comes in at 1316.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area.

The 50-EMA is crossing downwards the 100 and 200 EMAs in the 4 hours chart. The moving averages are moving downwards which is a sell signal.

Trading recommendations

The overall outlook remains bearish, for a decrease towards 1316 support area.

Brent

General overview

Brent remained under pressure as traders doubt that the OPEC members will limit oil output at the September meeting.

Current situation

Brent futures closed bearish yesterday. The instrument remained in a side channel between 49.00-49.50 levels during the trades. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Brent futures broke the 50-EMA in the 4 hours chart. The 100-EMA broke the 200-EMA upwards in the mentioned timeframe. All lines are still moving upwards.

Trading recommendations

In the near term, the outlook is neutral until we get Crude Oil Stock report on Thursday.

DAX

General overview

European stocks were under pressure as traders digested the latest Yellen’s comments about possible rate hike by the Fed.

Current situation

The index was neutral and stayed close to the 10520 level on Monday. The price traded in a narrow side channel limited by the levels 10468 and 10560. The resistance is seen at 10520, the support lies at 10350.

MACD decreased which confirms the strength of sellers. RSI is neutral.

The 4 hours chart shows that the price is sandwiched between the 50 and 100 EMAs. The 50-EMA is turning downwards, the 100 and 200 Day EMAs are still moving upwards. The moving averages still generate a buy signal.

Trading recommendations

The level 10520 stays between the price and its further decrease. Shall the index break the level and the road towards 10350 will be opened.

S&P 500

General overview

Wall Street traded higher on Monday due to U.S inflation and consumer reports.

Current situation

The index rallied on the back of the positive data on Monday. Traders were able to push the price from the level 2165 to the 2180 mark. S&P500 closed the day bullish. The resistance is seen at 2180, the support is at 2165.

MACD is in the negative area. The indicator grew which indicates the sellers’ positions weakening. RSI moved away from the oversold area and approached the overbought one.

The price bounced upwards from the 200-EMA in the 4 hours chart. The index grew and managed to touch the 50 and 100 Day EMAs. The moving averages are moving upwards which is a buy signal.

Trading recommendations

If a bullish momentum is preserved the index will continue growing. The next buyers’ target is the mark 2180.

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

#712 · by » **ValdisTF** » **Tue, 30 August 2016, 6:45 pm** **| #519 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

31.08.2016

Euro

General overview

The dollar is strong due to the latest J.Yellen’s comments about growing possibility of the Fed rate hike.

Current situation

The pair traded near the fresh lows on Thursday. The price stayed below the broken 200-EMA and the current support at 1.1150 in the 4 hours chart. Traders were inactive ahead of the upcoming statistics in the USA. The 200-EMA is neutral while the 50 and 100 Day EMAs are turning down. In the 1 hour chart the 50, 100 and 200 EMAs present a strong bearish slope. The 50 and 100 Day EMAs are crossing the 200-EMA downwards. The moving averages generate a sell signal. The resistance is seen at 1.1200, the support stands at 1.1130.

The indicators MACD and RSI remained flat within negative territory, maintaining the risk towards the downside.

Trading recommendations

The trend is objectively bearish. If the price remains below the 200-EMA and the 50 and 100 EMAs will advance south in the 4 hours chart we may see a downtrend continuation. The level 1.1130 is the first sellers’ target.

Pound

General overview

Pound weakened on Thursday following the weak data. At the same time the U.S dollar is strong on the back of the expectations that the Fed will raise the rate this year.

Current situation

The GBP/USD fell back towards its weekly low on the earlier Thursday's trades; however, the sterling regained some of its losses in the American Session. The current resistance is seen at 1.3200, the support exists at 1.3100.

The indicators (MACD and RSI) are negative. MACD generate a sell signal. The RSI bounced from the oversold area.

The price returned below the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are moving close to each other in the mentioned timeframe. The 200-EMA is hovering above them. All lines are moving downwards and show a sell signal.

Trading recommendations

The indicators recommend short positions. A downtrend will start as soon, as the pair falls below the support level 1.3050.

Yen

General overview

The pair grew on Thursday when Overall Household Spending did not meet traders’ expectations. Besides, positive Consumer Confidence index strengthened the dollar across the board.

Current situation

The USD/JPY traded near fresh 3-week highs. The growing impulse continued, the instrument accelerated its growth. The 4 hours chart shows that MACD and RSI are flat within positive territory. The price advanced north from the 200-EMA. There are some risks towards the upside now. The resistance is at 103.50, the support comes in at 102.50.

Trading recommendations

This loss of the 102.50 level is now pointing to a further period of upward movement to come. The level 103.00 is the first buyers' target. However, the USD/JPY is oversold and we expect an upside any moment now. Should the pair roll back we will sell with a target at 101.40.

NZD/USD

General overview

The NZD/USD pair was under pressure as the fresh hopes for a U.S. rate hike in 2016 continued to weigh on the kiwi.

Current situation

The NZD/USD remained under pressure. The price continued to grind lower after an unsuccessful attempt to regain the 0.7250 level. Buyers were just able to push the quotes towards 0.7260 where sellers got the ball and lead the price down. The resistance is at 0.7250, the support comes in at 0.7150.

MACD decreased which confirms the strength of sellers. RSI continued moving towards the oversold area.

The pair left behind the 100-EMA and is trending towards the 200-EMA which acts as a support for the price. The 200-EMA is still bullish, the 50 and 100 Day EMAs are turning down fallowing the price.

Trading recommendations

Moving below the 0.7270 support (100-EMA) would suggest a resumption of the bear trend. The NZD/USD shall decrease to the 0.7180 region where the 200-EMA lies. A successful break of the 200-EMA will prolong a downtrend towards 0.7150.

XAUUSD

General overview

Gold softened due to the latest Fed officials’ remarks about the next U.S. rate hike.

Current situation

The tone is still negative in the market, the pair closed bearish yesterday. Sellers met a solid support at the 1316 mark which were not able to break at once. The price rolled back to 1325.40 where the XAU/USD turned around and returned back to the support level. The resistance is at 1330, the support comes in at 1316.

The MACD remained at the same level which confirms the strength of sellers. RSI consolidated near the oversold area.

The 50, 100 and 200 EMAs present a strong bearish slope. The moving averages are trending downwards which is a sell signal.

Trading recommendations

The XAU/USD is now under the risk of falling under the level of 1316. A break below this mark risks a decline back towards the support at 1310.

Brent

General overview

Traders focused on the weekly report on U.S stockpiles of crude and refined products. Better-than-expected U.S. Consumer Confidence index supported the dollar and weighed on Brent futures.

Current situation

Brent showed low volatile trades during Asian and European sessions on Thursday. The instrument became active in the American session where the price had a sharp drop from the resistance 49.50 to the support at 48.50. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel.

MACD decreased which confirms the strength of sellers. RSI advanced to the oversold area.

Brent futures bounced from the 50-EMA and approached the 100-EMA in the 4 hours chart. The 50-EMA is neutral, the 100 and 200 EMAs are pointing upwards. The moving averages do not give a clear signal.

Trading recommendations

We are bearish on the Brent. All eyes are right now at the support level 48.50. If Brent break the level, the price may fall to the 47.50 level.

Nasdaq

General overview

Wall Street traded lower on Thursday as traders waited for new clues for the possible rate hike from the Fed.

Current situation

The technical picture presents a bearish tone. Bears are gradually gaining more overall control. Traders led the price from the level 4800 to the support at 4770. The instrument bounced from the 100-EMA in the 4 hours chart. The 50-EMA is crossing the 100-EMA downwards. The 100 and 200-EMAs are trending upwards, the 50-EMA is pointing downwards. The resistance is seen at 4800, the support lies at 4770.

MACD decreased which confirms the strength of sellers. RSI is heading towards the oversold area.

Trading recommendations

If Nasdaq makes a breakout of 4770 that may trigger an additional downward momentum towards 4740.

S&P 500

Current situation

The index had a negative day on Thursdays. The price moved away from the resistance 2180 towards the support at 2165. The instrument bounced downwards from the 50 and 100 Day EMAs which are parallel to each other. The S&P500 is in-between the 200-EMA and the 100-EMA in the 4 hours chart. The resistance is seen at 2180, the support is at 2165.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI moved away from the oversold area and is neutral now.

Trading recommendations

The index now seems to be heading towards its immediate support near 2165. Break below 2165 would open the way to 2150

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

#712 · by » **ValdisTF** » **Wed, 31 August 2016, 7:35 pm** **| #520 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

01.09.2016

Euro

General overview

A better-than-expected US ADP survey increased the prospect of the Fed interest rate hike.

Current situation

The dollar preserved a bullish tone across the board. The pair tested fresh 3-week lows on the back of a better-than-expected ADP private employment survey. In general, the EUR/USD stays in a downward channel, advancing south. The price moved away from the 50, 100 and 200 Day EMAs in the 4 hours chart. The 50 and 100 EMAs are moving downwards, the 200-EMA is just turning down. The MACD and RSI indicators maintain bearish slopes within negative territory. The resistance is seen at 1.1200, the support stands at 1.1130.

Trading recommendations

The price stays at the support 1.1130. If the EUR/USD pair breaks below this level, then this could lead to renewed selling momentum, possibly towards 1.1070.

Pound

General overview

Positive Consumer Confidence in the UK slightly supported the pound. The index came in at -7 vs. expectations of -8. However, a strong US ADP report weighed on the sterling and the pair resumed its decrease.

Current situation

The GBP/USD pair showed a mixed dynamics on Wednesday. At first the price grew in the Asian session, then, the instrument turned around and resumed its decrease in the European and North American ones. The current resistance is seen at 1.3100, the support exists at 1.3000.

The indicators (MACD and RSI) generate a sell signal. The price is returning below the 50 and 100 EMAs in the 4 hours chart. The moving averages direction is downwards which is a sell signal.

Trading recommendations

We are looking for the 1.3100 level break and then continuation of a fall with a further target at 1.3000.

Yen

General overview

The dollar grew vs. the yen due to the latest Fed officials’ comments and the release of encouraging US employment data.

Current situation

The pair had a positive day on Wednesday. The price kept advancing towards the 103.50 resistance. MACD is heading north within positive territory, RSI is in the overbought territory. The 50, 100 and 200 EMAs accelerated their advance north which is a buy signal. The resistance is at 103.50, the support comes in at 102.50.

Trading recommendations

According to the indicators the price is overbought. There is a risk towards the upside. After the break above 103.50, we may see the price extending up to the 104.50 level. In case of the upside the USD/JPY shall return below the 102.00 region.

USD/CAD

General overview

A better-than-expected US ADP Employment survey and disappointing Canadian GDP for Q2 weighed on the Canadian dollar.

Current situation

The pair resumed its bullish momentum and set a fresh 3-week high which is the highest level since August 10th. The USD/CAD could escalate up to 1.3133. MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is in the overbought territory. In the 4 hours chart the price is advancing from the moving averages which are turning upwards to follow the price. The resistance is at 1.3200, the support comes in at 1.3100.

Trading recommendations

We expect markets to stay fairly positive. In this potential scenario, the next stop for the USD/CAD could well be around 1.3150. Conversely, the instrument can turn around. In this scenario, sellers will push the price to the 1.3050 region.

XAUUSD

General overview

The XAU/USD traded close to the 2-month low level as investors awaited for the U.S. statistics to evaluate if its economy was ready for a rate hike.

Current situation

The pair remained in a downward channel, close to its lower boundary. The instrument stayed below the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs accelerated their declines in the mentioned timeframe. All moving averages kept heading lower. The resistance is at 1316, the support comes in at 1300.

The MACD remained at the same level which confirms the strength of sellers. RSI consolidated near the oversold area.

Trading recommendations

The pair presents a bearish tone, all indicators recommend short positions. If the gold futures preserve downward momentum its next stop could well be at the 1300 region.

Brent

General overview

The crude oil fell to the 3-week low when oil supplies in the U.S. rose for the second week in a row.

Current situation

The crude oil is under intense selling pressure. The sellers managed to lead the price from the resistance 48.50 to the level 47.50. The price did not remain at 47.50 and continued advancing south. MACD and RSI slightly changed from yesterday. The indicators generate a sell signal. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

The price broke the 100-EMA on its way down in the 4 hours chart. The instrument is approaching the 200-EMA now. The 50-EMA is moving down, the 100 and 200 EMAs are still heading north.

Trading recommendations

If the price keeps going down it will reach the level 46.50 soon.

DAX

General overview

European stocks moderately decreased, finishing the second month in a row with a growth.

Current situation

The index finished the day negatively despite the positive trend. The price stepped away from the weekly high at 10700. DAX is approaching the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are moving upwards. The resistance is seen at 10700, the support lies at 10520.

MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is moving from the overbought area.

Trading recommendations

DAX may decrease to the support 10520 where the 50 and 100 EMAs lie.

S&P 500

General overview

American stocks opened lower on Wednesday as a strong dollar pressured on oil futures and materials companies.

Current situation

The index was lower on Wednesday. The S&P500 retreated from the monthly high. Sellers pushed the price from 2180 towards the mark 2165. The price broke the 200-EMA. The 50, 100 and 200 EMAs are moving upwards. The resistance is seen at 2180, the support is at 2165.

MACD decreased which confirms the strength of sellers. RSI approached the oversold area.

Trading recommendations

In the medium term, the outlook is bearish. If the price keeps falling it will break the level 2165. The second sellers’ target is 2150.

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

#712 · by » **ValdisTF** » **Fri, 2 September 2016, 4:59 am** **| #521 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

02.09.2016

Euro

General overview

A weaker-than-expected U.S. Manufacturing PMI weighed on the dollar and supported the euro.

Current situation

In the short term our outlook is bullish. The dollar was in a flat ahead of the U.S statistics. The pair traded in a range between the support 1.1130 and the level 1.1160. After a weak Manufacturing PMI the price rallied and approached the mark 1.1200. The resistance is seen at 1.1200, the support stands at 1.1130.

The EUR/USD pair is under 50, 100 and 200 EMAs which are moving downwards in the 4 hours chart. The 50-EMA is crossing the 100-EMA in the mentioned timeframe. The moving averages generate a sell signal.

MACD shows a bullish divergence in the 1 hour timeframe. The RSI indicator headed towards the overbought area.

Trading recommendations

Technically the EUR/USD may reverse and grow towards 1.1200 and 1.1270. Otherwise, the instrument will continue falling with a target at 1.1070.

Pound

General overview

The pound rallied on the back of strong Manufacturing PMI in the UK.

Current situation

A better-than-expected Manufacturing PMI supported the GBP/USD pair. The price grew from the session lows at 1.3130 to the daily highs at 1.3270. The pair was also supported by a weak U.S. Manufacturing PMI later the day. The price finished the day in the 1.3220 region. The instrument approached 1.3360 at the start of the North American session.

The price broke the 200-EMA and headed from it in the 4 hours chart. The moving averages direction is still downwards. The lines generate a sell signal. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD grew which indicates the sellers’ positions weakening. RSI approached the overbought area.

Trading recommendations

As long as market holding above 1.3200 the uptrend pressure will continue towards 1.3360. Conversely, the price will return below 1.3200 and further below 1.3100.

Yen

General overview

The dollar remained closed to the 3-week highs ahead of the upcoming Non Farm Payrolls report.

Current situation

In general, the pair had a positive day on Tuesday. The bullish views are still popular. The USD/JPY continued to advance north and set a new daily high at 103.80. The price slightly decreased at the start of the American Session after a weak statistics. The 50-EMA is crossing upwards the 100-EMA in the 4 hours chart. All moving averages are turning upwards in the mentioned timeframe. The resistance is at 103.50, the support comes in at 102.50.

MACD shows a bearish divergence in the 1 hour chart. RSI left the oversold area.

Trading recommendations

The pair now seems to be heading towards the 104.00 level. Should the price fixate over that level and the upward trajectory will be continued to 104.50. However, the USD/JPY pair is overbought and may pull back a little. In this scenario, sellers will drag the price down below 103.50.

AUD/USD

General overview

A positive Chinese Manufacturing PMI supported the AUD/USD pair in the Asian session on Tuesday.

Current situation

The AUD/USD was able to erase some of its losses in the Asian session on Tuesday. However, when sellers returned in the European session they dragged the price down. The AUD was able to recover in the American session on the back of the weaker-than-expected U.S statistics. The resistance is at 0.7540, the support comes in at 0.7470.

The 50-EMA crossed the 100 and 200 EMAs in the 4 hours chart. All moving averages are moving downwards. MACD decreased which confirms the strength of sellers. RSI is trending towards the overbought area.

Trading recommendations

If the AUD/USD remains below 0.7540 the price may test 0.7470. Controversially, the instrument will grow to the 0.7570 region.

XAUUSD

General overview

Gold futures traded close to the 2-month lows as traders took wait and see position before the NFP report.

Current situation

The US currency took control of the flows. The gold remained under pressure on Tuesday’s trades. Sellers were able to push the price lower on Tuesday. The new session lows are marked in the 1300 region. The 50-EMA crossed the 100 and 200-EMAs in the 4 hours chart. The moving averages kept trending lower which is a sell signal. The resistance is at 1316, the support comes in at 1300 per ounce.

MACD grew which indicates the sellers’ positions weakening. RSI is heading towards the overbought territory.

Trading recommendations

Technically, a bearish tone persists in the 4 hours chart. The XAU/USD remains focused on a potential test of 1300. In case of a correction, buyers may push the price to 1316 per ounce.

Brent

General overview

Brent kept falling after a rise in U.S. crude inventories. Moreover, traders focused their attention on a world supply glut which keeps weighing on the oil prices.

Current situation

The crude oil futures are under pressure. Sellers pushed the price from the session high at 47.23 below the support at 46.50. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

The price broke the 200-EMA in the 4 hours chart. The 50-EMA is moving down, the 100 and 200 EMAs are turning downwards .

MACD and RSI are negative which is a sell signal.

Trading recommendations

We believe that Brent can advance further below 46.50. However, the instrument is oversold and it may pull back a little. The price will continue a downtrend if it consolidates below 46.50. Alternatively, buyers can push the price towards the 47.00 region.

Nasdaq

Current situation

The index pulled back a little from the weekly highs. The price moved away from the 4800 level and approached the mark 4740. The instrument pulled back from the 50-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA. The 50 and 100 EMAs are neutral, the 200-EMA is pointing upwards. The resistance is seen at 4770, the support lies at 4740.

MACD decreased which indicates the buyers’ positions weakening. RSI is moving towards the oversold area.

Trading recommendations

If the downward pressure persists Nasdaq will decrease to the 4750 region where it can pull back to 4800.

S&P 500

General overview

Wall Street opened lower on Tuesday due to negative Manufacturing PMI and negative crude oil dynamics.

Current situation

The technical picture presents a bearish tone. The price decreased from the weekly highs at 2180. S&P500 broke downwards the 200-EMA in the 4 hours chart. The 50-EMA crossed the 100-EMA in the mentioned timeframe. The moving averages are neutral. The resistance is seen at 2165, the support is at 2150.

MACD decreased which indicates the buyers’ positions weakening. RSI is moving towards the oversold area.

Trading recommendations

Sellers can take control over the market if the price consolidates below 2165. Otherwise, buyers will return the instrument upwards.

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

#712 · by » **ValdisTF** » **Sun, 4 September 2016, 6:58 pm** **| #522 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

05.09.2016

Euro

General overview

The dollar weakened after U.S payrolls report. Non Farm Payrolls slowed down in August and the Fed may postpone the rate hike due to the weak labour market report.

Current situation

The pair showed volatile trades on Friday. The euro suffered an increased buying pressure right after the Non-farm Payrolls release. Buyers pushed the price from the mark 1.1190 towards the resistance 1.1270 where the euro bullish spike faded and the pair dropped back to the opening price level. The pair closed bearish on Friday. The resistance is seen at 1.1200, the support stands at 1.1130.

The EUR/USD pair is below 50, 100 and 200 EMAs which are moving downwards in the 4 hours chart. The moving averages generate a sell signal.

The MACD remained at the same level which confirms the strength of sellers. RSI is approaching the negative territory.

Trading recommendations

The pair looks increasingly bearish now. A move below 1.1130 will strengthen sellers’ positions. If the EUR/USD consolidates over 1.1270 the upward movement may continue towards 1.1350.

Pound

General overview

Construction PMI in the UK supported the pound which stayed close to the monthly highs.

Current situation

The price rallied due to the weak unemployment data in the USA. The sterling accelerated its advance and approached the level 1.3360 on Friday. The pair set a new monthly high at 1.3350 on Friday. The current resistance is seen at 1.3360, the support exists at 1.3200. The GBP/USD pair headed away from the moving averages in the 4 hours chart. The moving averages are turning upwards after the price.

The indicators are within positive territory and support an upward extension. The MACD histogram grew which indicates the buyers’ strength. RSI is in the overbought area now.

Trading recommendations

The bullish views are getting more popular now. The pound will continue its growth if it breaks the current resistance 1.3360. Alternatively, the price will decrease to 1.3200.

Yen

General overview

The yen softened on the back of US monthly jobs report.

Current situation

USD/JPY briefly dropped below the 103.50 level and hit fresh 2-day lows right after US NFP report. The price hit 2-day low and attracted buying interest, as a result the price came back to the opening price level and then returned to a growth. The resistance is at 104.50, the support comes in at 103.50.

The price remained above the moving averages in the 4 hours chart which present a strong bullish slope. The moving averages accelerated their growth on Friday.

MACD is in the positive area. RSI approached the overbought territory. The indicators generate a buy signal.

Trading recommendations

The resistance 104.50 is the main buyers’ target right now. Sellers may regain some control if they manage to push the price below 103.50.

NZD/USD

General overview

A weaker-than-expected Non-Farm payrolls report lowered the possibility of a Fed rate hike in September.

Current situation

The NZD/USD returned to a decrease on Friday. The price spiked immediately after the U.S labor market report to a fresh weekly high. The bullish spike quickly faded and the NZD headed towards the support 0.7250. The resistance is at 0.7320, the support comes in at 0.7250.

The 50, 100 and 200 EMAs are moving upwards. The price is approaching the 50-EMA which acts as a support now. MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought area.

Trading recommendations

If the NZD/USD remains above 0.7250 the price may test 0.7320 again. Controversially, the instrument will drop below 0.7250.

XAUUSD

General overview

XAU/USD grew due to risk aversion on the back of a weak US labour market report.

Current situation

Gold rallied on Friday. The yellow metal gained about 0.85% by the end of the trades. The price broke the 50-EMA and tested the 100 and 200 EMAs in the 4 hours chart. The moving averages direction is downwards. The resistance is at 1330, the support comes in at 1316 per ounce.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is heading towards the overbought area.

Trading recommendations

A break above the 1330 resistance would switch the market tone to bullish. Should the XAU/USD break the resistance level and the price will grow to 1340. Controversially, gold futures will fall below 1316.

Brent

General overview

Crude oil Brent got under pressure when skepticism of crude oil output freeze by the OPEC members grew in the market.

Current situation

The price bounced off the support 45.30 on Friday. Buyers were able to push the price above the resistance 46.50. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

The price broke the 200-EMA upwards in the 4 hours chart. The 50-EMA is turning around, 100-EMA is moving upwards, the 200-EMA is neutral.

MACD grew which indicates the sellers’ positions weakening. RSI left the oversold area.

Trading recommendations

If the price returns below 46.50 (the 200-EMA) the instrument will continue its downward trajectory. Alternatively, Brent shall grow towards 47.50.

Dax

General overview

European stocks grew when U.S. jobs growth appeared to be weaker than expected in August.

Current situation

Dax jumped to a fresh weekly high of 10731 after the Non Farm payroll report. The price broke upwards the 50 and 100 EMAs. The moving averages are moving upwards which is a buy signal. The resistance is seen at 10700, the support lies at 10520.

MACD is in the positive area. RSI approached the overbought area. The indicators generate a buy signal.

Trading recommendations

If the price breaks the resistance 10700 the index can grow to the August high at 10802. Otherwise, DAX will fall to the support 10520.

S&P 500

General overview

Wall Street closed higher last week. We believe traders will digest the weaker-than-expected payrolls report today.

Current situation

S&P500 strengthened and closed Friday bullish. The index advanced north and set a new weekly high at 2183. The instrument broke the 50 and 200 EMAs and tested the 100-EMA in the 4 hours chart. The moving averages are neutral. The resistance is seen at 2180, the support is at 2165.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is moving towards the overbought area.

Trading recommendations

Should the price break the resistance 2180 and buyers will lead the price to the level 2190.

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

#712 · by » **ValdisTF** » **Mon, 5 September 2016, 7:06 pm** **| #523 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

06.09.2016

Euro

General overview

The EUR/USD strengthened on the back of the weak dollar after disappointing Non Farm Payroll report. The USA market was closed due to Labour Day.

Current situation

The pair was low volatile on Monday. The euro moved upwards in the Asian session. Then sellers were able to push the price lower in the European and North American sessions. The price remained below the 50, 100 and 200 EMAs in the 4 hours chart. All moving averages kept heading lower. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD shows divergence in the 1 hour chart. RSI is heading towards the oversold area.

Trading recommendations

If the downward pressure persists the pair will get below 1.1130. In this scenario, sellers’ next target will be the mark 1.1070.

Pound

General overview

The pound grew due to better-than-expected Service PMI and due to the weakness of the dollar.

Current situation

The pound rallied and tested the level 1.3360 on Monday. The sterling was able to set a daily high at 1.3372. After reaching the level 1.3360 the pair slightly rolled back and erased some of its gains. The GBP/USD hovered above the moving averages in the 4 hours chart. The moving averages are turning upwards. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD shows convergence in the 1 hour chart. RSI is in the overbought area.

Trading recommendations

We will place buy orders if the GBP/USD does a breakout at the resistance level of 1.3360. If the pair gets below 1.3270 the price may reach 1.3200.

Yen

General overview

The USD/JPY softened on Monday’s trades. The dollar is still under pressure after weaker-than-expected Non Farm Payrolls report. Moreover, the US market was close due to Labor Day celebration.

Current situation

The pair erased some of its previous gains on Monday. The price decreased from last week highs at 104.30 to the 103.50 region. The instrument remained above the moving averages in the 4 hours chart. The 50-EMA broke the 100-EMA and approached the 200-EMA in the mentioned timeframe. The resistance is at 103.50, the support comes in at 102.50.

MACD formed a divergence in the 1 hour chart. RSI left the overbought area, but remained within positive territory.

Trading recommendations

A break below 102.50 risks a decline back towards the support 101.40. If the USD/JPY returns above 103.50 the instrument may grow to 104.50.

AUD/USD

General overview

The AUD grew on the back of strong Company Gross Operating Profits report.

Current situation

The AUD/USD grew at the open on Monday. Buyers led the price to the level 0.7600 where the pair turned around and slightly decreased. The instrument tested the 100-EMA and remained above the line. The moving averages are neutral in the 4 hours chart. The resistance is at 0.7600, the support comes in at 0.7540.

MACD indicator is close to the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD remains in the positive area buyers will keep control over the market. RSI bounced from the overbought area.

Trading recommendations

If the AUD/USD remains below 0.7600 the price may fall to 0.7540. Controversially, the instrument will grow to 0.7600.

XAUUSD

General overview

The Gold remained close to the weekly high as disappointing US labor report diminished expectations for another rate hike in 2016.

Current situation

XAU/USD traded close to the weekly high on Monday. The price was at the 200-EMA in the 4 hours chart. The moving averages are turning upwards. The resistance is at 1330, the support comes in at 1316 per ounce.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area.

Trading recommendations

The pair will presume its upward trend if it breaks the resistance 1330. If the instrument gets below 1316 sellers will lead the price to 1300.

Brent

General overview

Oil prices grew after reports that Saudi Arabia and Russia will cooperate to support the market.

Current situation

Brent showed volatile trades on Monday. First, it jumped to the monthly peaks and set a new high at 49.50. Then, the price turned around and sharply fell below 47.50. The price returned some of its losses and slightly grew during North American hours. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

The price is between the 50 and 200 EMAs in the 4 hours chart. The 50-EMA is crossing the 100-EMA in the same timeframe.

MACD grew which indicates the sellers’ positions weakening. RSI left the overbought area.

Trading recommendations

If the price returns above 48.50 the Brent futures will continue its uptrend. Alternatively, Brent will decrease below 46.50.

Dax

General overview

European stocks traded higher on Monday as markets digested Friday's disappointing U.S employment report.

Current situation

DAX traded close to the recent highs and spent the day in the 10700 region. The price slightly grew above previous week’s top in the European session and decreased in the American one. The resistance is seen at 10700, the support lies at 10520.

MACD is in the positive area. RSI is close to the overbought area.

Trading recommendations

The index may decrease to 10520 soon. If the price breaks the level the downward movement may continue to 10350. Controversially, the instrument will grow above 10700.

S&P 500

General overview

Wall Street was closed on Monday due to Labor Day celebration.

Current situation

S&P500 slightly changed on Monday. The price stayed at previous week’s high and slightly decreased by the end of the trades. The instrument broke the 100-EMA and touched the 50-EMA in the 4 hours chart. The 50-EMA is breaking the 100-EMA downwards. All moving averages are moving downwards. The resistance is seen at 2180, the support is at 2165.

MACD is in the positive area. RSI bounced from the overbought area.

Trading recommendations

An uptrend will start as soon, as the index rises above the resistance level 2180. S&P500 may drift below 2165 to test 2150 support area.

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

#712 · by » **ValdisTF** » **Tue, 6 September 2016, 6:38 pm** **| #524 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

07.09.2016

Euro

General overview

A weaker-than-expected Non-Manufacturing PMI softened the dollar and sent it to the monthly low.

Current situation

The pair traded under pressure, the price remained close to 1.1130 in the Asian and European sessions on Tuesday. The instrument grew on the back of a weak Non-Manufacturing PMI during the North American hours. The pair broke the level 1.1200 and trended towards 1.1270. The EUR/USD broke the 50, 100 and 200 EMAs and headed north from them in the 4 hours chart. The resistance is seen at 1.1270, the support stands at 1.1200.

MACD grew which indicates the sellers’ positions weakening. RSI is growing towards the overbought area.

Trading recommendations

A break above 1.1270 would open the way to 1.1350. Should the price return below the 1.1200 level and the way towards 1.1130 will be opened.

Pound

General overview

The GBP/USD is positive due to a strong Services PMI in the country. Moreover, the sterling grew on the back of a weak U.S Non-Manufacturing PMI on Tuesday.

Current situation

There were no major events on the UK schedule and the pound traded under the influence of external factors. The pair remained in green figures on Tuesday. The price recovered from yesterday’s lows and returned to the resistance 1.3360 during the European session. The instrument accelerated upwards and broke the 1.3360 in the North American session. The 4 hours chart shows that GBP/USD hovered over the moving averages which are modestly bullish. The 50-EMA rebounded from the 100-EMA and crossed upwards the 200-EMA which is a buy signal. The current resistance is seen at 1.3500, the support exists at 1.3360.

MACD shows convergence in the 1 hour chart. RSI entered the overbought area.

Trading recommendations

The level 1.3360 is the key level now. If the price gets below it we will take into account a continuation of the downtrend towards 1.3200. To trigger additional upward momentum the GBP/USD needs to consolidate over 1.3360.

Yen

General overview

Uncertainty over the timing of next Fed rate-hike and the disappointing U.S statistics weighed on the pair. The dollar got under pressure on Tuesday when the US services sector unexpectedly dropped to the lowest level since January 2010.

Current situation

The pair has been trading in a consolidation range since last Wednesday. Buyers’ attempts to continue an upward movement failed, the price stayed close to the resistance 103.50 during the day. After disappointing U.S statistics the dollar got under pressure and fell to 5-day low. Sellers led the price from 103.50 towards 102.50. The USD/JPY touched the 200-EMA in the 4 hours chart. The 50-EMA broke the 100 and 200 Day EMAs in the mentioned timeframe. All moving averages are turning around. The resistance is at 102.50, the support comes in at 101.40.

MACD formed a divergence in the 1 hour chart. RSI is heading towards the oversold territory.

Trading recommendations

The market is bearish right now. We see it heading south towards 101.40.

NZD/USD

Current situation

The NZD was stronger on Tuesday, trading near local high against the dollar. Traders pushed the pair higher and the price was able to break the resistance 0.7320 and touched the level 0.7400. The new session high is at 0.7413 now. The NZD/USD remained above the 50, 100 and 200-EMAs. The moving averages continued their advance north. The resistance is at 0.7400, the support comes in at 0.7320.

The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area.

Trading recommendations

The price may roll back below 0.7400 which is a good option to buy the price. If the NZD/USD breaks 0.7250 the downward movement will continue to the 0.7200 region where the 200-EMA lies.

XAUUSD

General overview

Gold futures grew on the back of disappointing U.S Non-Manufacturing PMI report. The latest negative U.S statistics reduced expectations that the Fed will raise interest rates in September.

Current situation

Gold prices jumped to the weekly highs due to US negative Services PMI. The price broke the resistance 1330 and is trending towards 1350 now. The XAU/USD moved from the 100 and 200 EMAs in the 4 hours chart. The moving averages are moving upwards. The resistance is at 1350, the support comes in at 1330 per ounce.

MACD is in the positive area. RSI entered the overbought area.

Trading recommendations

We believe that this is essentially a “buy only” market at the moment. The next buyers’ target is the level 1350.

Brent

General overview

Iraq's Prime Minister is in the focus now. According to Haider al-Abadi Iraq is ready to cooperate with Saudi Arabia and Russia to freeze on production to increase prices.

Current situation

The technical picture presents a slightly bearish tone. The price kept decreasing on Tuesday during the day. Brent found a support in the 106.50 region where the downward impulse faded and the price slightly rolled back. The 200-EMA stopped the oil prices downward movement. After touching the line the oil futures bounced off. The 200-EMA is neutral, the 50-EMA is pointing lower, the 100-EMA is still moving upwards. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

The MACD remained at the same level which confirms the strength of sellers. RSI is approaching the oversold area.

Trading recommendations

If the price returns above 47.50 the Brent futures will continue its uptrend. Alternatively, Brent will decrease below 46.50.

Nasdaq

General overview

US stocks grew on Tuesday after weak services data. Non-Manufacturing PMI report weighed on Forex market and fueled rally of riskier assets - including stocks.

Current situation

The index had a positive day on Tuesday. Nasdaq continued moving higher and approached record highs touched in mid-August. The price bounced from the 100-EMA in the 4 hours chart. The instrument is well above the moving averages now which are pointing higher. The resistance is seen at 4835, the support lies at 4800.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is close to the overbought area.

Trading recommendations

As long as market is holding above 4800 the upward pressure will continue towards 4835.

S&P 500

General overview

Wall Street opened higher after 3-day long week-end. The latest US data diminished prospects of Fed rate-hike in September.

Current situation

The index was neutral during the day and active in the North American session. The price fell below 2180 on the latest news. The downward momentum immediately faded and the S&P500 returned back to the mark where it started the day. The index broke the 50 and 100 EMAs and bounced upwards from the 200-EMA in the 4 hours chart. The resistance is seen at 2190, the support is at 2180.

The MACD and RSI indicators remain within positive territory.

Trading recommendations

We consider only buying positions now. The buyers’ target is the level 2190.

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

#712 · by » **ValdisTF** » **Thu, 8 September 2016, 7:10 pm** **| #525 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

09.09.2016

Euro

General overview

As it was anticipated the European Central Bank decided to leave key interest rates unchanged on Thursday.

Current situation

The tone was positive during the course of the day. Buyers were able to push the price higher and broke the level 1.1270 in the earlier European session. The pair retreated from the high after the ECB meeting. Now the price is trending to the support at 1.1270. The single European currency is heading away from the 50, 100 and 200 Day EMAs in the 4 hours chart. The moving averages maintain the bullish slope. The resistance is seen at 1.1350, the support stands at 1.1270.

The histogram grew which indicates the buyers’ strength. RSI bounced from the overbought area.

Trading recommendations

The short positions are more actual now. The EUR/USD may roll back towards the 1.1270 region. After breaking the level the price will go to 1.1200.

Pound

General overview

The pound softened on the back of the weaker Manufacturing Production report and Governor Carney's dovish comments.

Current situation

The bullish tone that started mid August remains firm in place. The GBP/USD is in an ascending channel, close to its lower limit. The pair got under the selling pressure and is falling towards 1.3200 now. The 50-EMA is crossing the 200 and 100 EMAs upwards. All moving averages keep heading higher. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD remained in the positive area. MACD decreased which indicates the buyers’ positions weakening. RSI is heading south.

Trading recommendations

If the GBP/USD regains the level 1.3360 the price will grow towards the round level – 1.3400. The mark 1.3440 is the next buyers’ target. In case of the selling scenario sellers will drag the price towards the 1.3200 area.

Yen

General overview

The revised GDP report in Japan came in at 0.2% vs. expectations of 0.0%. The yen grew on the back of the weak U.S dollar after disappointing statistics and due to traders' concerns that the BoJ may not soften its policy further.

Current situation

The USD/JPY was neutral during the European hours and became more volatile in the North American session on Thursday. The price was at 101.40 the first part of the day and slightly grew when US traders came to the market. The instrument stays below the bearish 50, 100 and 200 EMAs which extended their decrease. The 100-EMA acts as a resistance for the price. The resistance is at 102.50, the support comes in at 101.40.

MACD is in the negative area. RSI is close to the oversold area.

Trading recommendations

The dollar is trying to reverse its losses. If the pair preserves an upward momentum the price will grow towards 102.50.

AUD/USD

General Overview

According to the Australian Bureau of Statistics the trade deficit narrowed to A$2.410B in July vs. expectations of A$2.750.

Current situation

The aussie was stronger in the Asian session on Thursday, trading near local high against the dollar. Bulls managed to break the level 0.7700 on the back of the positive statistics. The pair retreated from the high in the European session, the AUD/USD is heading towards 0.7650. The moving averages (50, 100 and 200) accelerated their growth. The resistance is at 0.7700, the support comes in at 0.7650.

The MACD histogram decreased which indicates the buyers’ weakness. RSI left the overbought area.

Trading recommendations

Technically, the instrument is overbought and we do not exclude a correction to the 0.7650 region.

XAUUSD

General overview

The gold prices retreated from the 2 week high after a recent rally caused by negative US statistics.

Current situation

The XAU/USD was in buy mode on Thursday. Buyers were trying to erase the recent losses and led the price from the local low to the nearest resistance level – 1350 during the European session. The XAU/USD got under pressure in the North American session and decreased towards 1340. The instrument remained above the 50, 100 and 200 EMAs in the 4 hours chart. The 50-EMA is crossing the 100 and 200 EMAs upwards in the mentioned timeframe. All moving averages are turning upwards. The resistance is at 1350, the support comes in at 1330 per ounce.

MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is approaching the overbought area.

Trading recommendations

The pair is overbought and we anticipate a short term correction. The price may decrease towards 1330.

Brent

General overview

Brent prices grew on the back of the strong Imports in China and API crude oil stocks report in the USA.

Current situation

Brent prices stayed in green figures on Thursday. The instrument traded near the recent high at 48.88 during the European session. The price decreased at the start of the American session. The price touched the 100-EMA in the 4 hours chart. The 100-EMA stopped the price which rebounded from it. The 100 and 200 EMAs are neutral, the 50-EMA is heading south. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel.

MACD is in the positive area. RSI is moving from the overbought territory.

Trading recommendations

The price may slightly roll back below 48.50. However, the overall tone is bullish. The next buyers’ target is the level 49.50 dollars per barrel.

DAX

General overview

European stocks traded lower after the ECB’s decision to keep the rate unchanged.

Current situation

The price holds a bullish tone and the trend is objectively bullish in the 4 hours chart. The index remained close to the recent highs, trading above the support 10700 ahead of the ECB meeting. The price retreated from the weekly high and dropped below 10700 in the North American session. The DAX is hovering above the moving averages (50, 100 and 200) in the 4 hours chart. The moving averages direction is upwards. The resistance is seen at 10700, the support lies at 10520.

MACD remained at the same level which confirms the strength of buyers. RSI left the overbought area.

Trading recommendations

DAX may test the support level 10520 soon. Should the price break the level and its downward trajectory will continue towards 10350.

Nasdaq

General overview

Wall Street opened lower on Thursday despite the positive Initial Jobless claims report and the ECB decision regarding the rates.

Current situation

The index decreased from the recent high on Thursday. Despite the current decrease the overall tone is still bullish. Buyers are not hurrying to give up their recent gains. The price is struggling for the level 4800 now. The 100-EMA is neutral, the 50 and 200 EMAs are moving upwards in the 4 hours chart. The resistance is seen at 4835, the support is at 4800.

MACD decreased which indicates the buyers’ positions weakening. RSI rebounded from the overbought area

Trading recommendations

The tone is switched to the bearish. We believe the price will break the level 4800 and will fall to 4770.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

12.09.2016

Euro

General overview

The euro grew after the ECB decision to leave rates unchanged.

Current situation

The euro is still bullish despite last week upside rejection. After climbing to highs above 1.1280 the price retreated to the 1.1270 area where it formed a narrow range on Friday. After a short-term consolidation the price fell further towards 1.1200. The moving averages maintain the bullish slope in the 4 hours chart. The 50-EMA bounced from the 200-EMA and crossed the 100-EMA upwards in the same chart. The resistance is seen at 1.1270, the support stands at 1.1200.

MACD shows a divergence in the 1 hour chart. RSI is consolidating within the overbought territory.

Trading recommendations

If buyers manage to make a breakout of 1.1270 they will push the price towards 1.1350. Conversely, sellers will lead the quotes towards the 1.1200 area.

Pound

General overview

The pound is inactive against the dollar after disappointing Trade Balance in the country. The dollar is still weak due to the fading expectations of the Fed rate hike.

Current situation

The tone is still positive in the market. The GBP/USD was almost unchanged on Friday, consolidating in a range 1.3300 – 1.3340. The moving averages are moving upwards. The 50-EMA is crossing the 200-EMA upwards, the 200-EMA is touching the 100-EMA in the 4 hours chart. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD decreased which indicates the buyers’ positions weakening. RSI is approaching the negative territory.

Trading recommendations

The overall picture remains bullish, however, soft near-term studies maintain risk of stronger correction towards 1.3100.

Yen

General overview

The dollar strengthened against the yen despite the reduced expectations over the rate hike in the USA in September.

Current situation

The bullish views are still popular. The dollar continued its rally after a brief consolidation in the Asian session on Friday. The price broke 102.50 and is trying to consolidate over it. The instrument broke the 50, 100 and 200 EMAs upwards and is heading away from them. The moving averages are neutral. The resistance is at 103.50, the support comes in at 102.50.

MACD grew which indicates the sellers’ positions weakening. RSI is advancing towards the overbought area.

Trading recommendations

The pair seems to continue with the recovery. The price is heading towards 103.50.

NZD/USD

General Overview

The commodity currencies fell in the light of oil prices decrease. Investors were cutting their long positions after the recent sharp rally of oil prices.

Current situation

Despite the bullish trend, sellers have the ball now. Bears are pushing the price down, the instrument is approaching the support 0.7320. The moving averages (50, 100 and 200) direction is upwards. The NZD/USD is approaching the 50-EMA which acts as a support for the price. The resistance is at 0.7400, the support comes in at 0.7320.

The MACD histogram decreased which indicates the buyers’ weakness. RSI left the overbought area and is approaching the oversold one.

Trading recommendations

If the downward pressure persists sellers will lead the price towards 0.7320. Alternatively, the price may rebound upwards from the nearest support and resume its uptrend towards 0.7400-0.7450.

XAUUSD

General overview

The gold prices continued retreated from the 2 week high. However its decrease is expected to be limited due the dollar weakness across the board.

Current situation

The technical picture presents a slightly bearish tone. The price is consolidating at 1336 after a sharp decrease. The 50-EMA is crossing the 100 and 200 EMAs upwards in the 4 hours chart. The moving averages are moving upwards. The resistance is at 1350, the support comes in at 1330 per ounce.

The MACD histogram decreased which indicates the buyers’ weakness. RSI left the overbought area and is approaching the oversold one.

Trading recommendations

Sellers’ first target is the level 1330 per ounce. After breaking the level they will push the price to 1320. In the scenario where buyers are back the gold quotes will grow towards 1350.

Brent

General overview

Oil prices strengthened across the board on the back of the largest oil inventories drawing since 1999.

Current situation

Brent prices retreated from the recent high on Friday when buyers started closing their positions after a rally the day before. The price returned below 49.50 and is approaching the support 48.50. Crude oil prices are approaching the 50-EMA in the 4 hours chart. The 50-EMA extended its growth, the 100 and 200 EMAs are turning upwards. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.

MACD is in the positive area. The indicator decreased which indicates the buyers’ weakness. RSI bounced from the overbought territory.

Trading recommendations

We believe that the price is heading towards 48.50 dollars per barrel. If the level could stand the Brent will return to its growth and buyers will push the instrument above 49.50. The next buyers’ target is the level 50.50 dollars per barrel. Sellers, in their turn, may push the price towards 47.50.

DAX

General overview

European stocks keep showing disappointment over the latest ECB decision to leave rates unchanged.

Current situation

In the trading on Friday, September 9, the DAX traded lower on the back of disappointing statistics from the EU. The price remains within a narrow bullish channel. Sellers pushed the price to its lower boundary. The 4 hours chart shows that the price is currently struggling with a bullish 50 and 100 EMAs. The moving averages direction is upwards. The resistance is seen at 10700, the support lies at 10520.

The MACD indicator decreased which indicates the buyers’ weakening. RSI is moving from the overbought territory.

Trading recommendations

The price may decrease to 10520. A cut through here will aim the index at the 10440 mark.

S&P500

General overview

Wall Street traded lower on Friday after the ECB disappointing decision which weighed on the global stocks.

Current situation

The index closed the day in red figures. S&P500 got under intense selling pressure on Friday. The price sharply fell from the mark 2177 towards the current support 2165. The instrument broke the 50, 100 and 200 EMAs downwards. The resistance is seen at 2180, the support is at 2165.

MACD decreased which indicates the buyers’ positions weakening. RSI approached the oversold area.

Trading recommendations

We expect a further decline towards 2160. We do not exclude a short-term correction towards 2170.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

14.09.2016

Euro

General overview

The euro remained under pressure following the negative Economic Sentiment in Germany for September.

Current situation

The pair EUR/USD traded within a tight range on Tuesday. The price went back and forth between 1.1220-1.1240 during the day. The instrument stayed above the moving averages in the 4 hours chart. The 4 hour charts shows that the price is currently struggling with a bullish 50-EMA. All moving averages maintain a bullish slope and stand around the level 1.1200, adding additional support to the price. The resistance is seen at 1.1270, the support stands at 1.1200.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

The level 1.1200 is an obstacle for sellers on their way down. Should that level break down and the price will fall to 1.1130.

Pound

General overview

The pound softened on the weaker-than-expected Consumer Price Index.

Current situation

The British pound had a negative day on Tuesday. After a brief consolidation at 1.3330 during the Asian hours the sterling continued moving lower in the European session, the day low was marked at 1.3225. The price broke the 50-EMA and tested the 100-EMA in the 4 hours chart. The 100-EMA is crossing the 200-EMA upwards. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD indicator is in the negative territory, that indicates sellers’ growing strength. RSI is moving towards the negative territory.

Trading recommendations

All eyes are right now at the support level 1.3200. The pound might bounce off the level. In this potential scenario buyers will lead the price towards the 1.3250 region. The pair GBP/USD might extend its downward trajectory towards 1.3100 if it breaks the level 1.3200.

Yen

General overview

The dollar strengthened across the board when the Fed official’s comments revived speculations over the possible rate hike in September.

Current situation

The USD/JPY was in buy mode on Tuesday. The dollar erased losses which it suffered on Monday. Buyers were able to push the price towards 102.50. The instrument returned above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages are neutral. The resistance is at 102.50, the support comes in at 101.40.

MACD is negative. MACD decreased which confirms the strength of sellers.
RSI rebounded from the oversold area

Trading recommendations

Bulls’ nearest target remains the same – 102.50. After breaking the level the price may extend its growth towards 103.00 and further out to 103.50. In the scenario where sellers are back the price will break 101.40 and advance to 100.40.

AUD/USD

General Overview

The Aussie fell on Tuesday on the back of the central bank officials’ comments that the regulator needs a weaker currency.

Current situation

The recent recovery from 0.7500 appeared to be overextended. The price returned below 0.7540 and is consolidating its gains now. The price is developing below the moving averages in the 4 hours chart. The moving averages keep heading lower. The 50-EMA is crossing the 100 and 200 EMAs downwards. The resistance is at 0.7540, the support comes in at 0.7500.

MACD remained at the same level which confirms the strength of sellers.
RSI is consolidating within the oversold area.

Trading recommendations

We remain bearish on the outlook for the currency. The level 0.7500 holds the pair from its further decrease. A break below this mark risks a decline towards the next support at 0.7460.

XAUUSD

General overview

Expectations over the Fed’s next monetary policy action remain a key determinant for the pair. The uncertainty over the issue weighs on the metal.

Current situation

The gold prices remained under pressure. Its latest recovery appeared to be overextended and the metal returned below 1330 dollar per ounce. The day low was marked at 1321. The XAU/USD broke the moving averages down. The moving averages maintain a bearish slope. The resistance is at 1330, the support comes in at 1316 dollar per ounce.

Trading recommendations

Gold futures are under pressure. A strong breakdown and close below 1320 could send prices lower towards 1316. Alternatively, the metal will grow through 1330 towards 1335.

Brent

General overview

Brent prices got under pressure following the IEA forecasts over a sharp slowdown in global oil demand growth.

Current situation

Brent seems to have found a solid support at 47.50 which slowed down its decrease. The price slightly rolled back and stopped a few pips above the level in the European session. The quotes returned to a decrease in the North American session. The price bounced downwards from the bearish 50-EMA in the 4 hours chart. The crude oil futures are heading towards the 200-EMA now. The 50-EMA is bearish, the 200-EMA is bullish and the 100-EMA is neutral. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

MACD entered the negative area. MACD decreased which confirms the strength of sellers. RSI is approaching oversold area.

Trading recommendations

A weak API report will weigh on Brent. In this scenario, the price will decrease towards 46.50. Otherwise, we will see a move above 48.50.

DAX

General overview

European stocks are neutral after a 3-day decrease.

Current situation

The index was neutral on Tuesday after a rapid growth the day before. The price remained in an ascending channel, close to its lower boundary. The overall tone is bullish. DAX traded close to the 200-EMA in the 4 hours chart. The 200-EMA acts as a support and limits its further decline. The 50 and 100 EMAs formed a crossover and are turning downwards. The resistance is seen at 10520, the support lies at 10350.

MACD remained in the negative area. MACD decreased which confirms the strength of sellers. RSI is within the oversold territory.

Trading recommendations

If the price remains below 10520 it may decline further. The level 10350 is the next sellers’ target. A break above 10520 would open the way to 10700.

S&P500

General overview

S&P500 opened lower due to the rate hike uncertainty and as the oil prices remained under pressure.

Current situation

The index retreated from the recent weekly high and is trending downwards. The price broke 2150 and 2140 and is approaching 2130 now. The instrument is moving away from the moving averages. The 100-EMA is crossing the 200-EMA downwards. All moving averages direction is downwards in the 4 hours chart. The resistance is seen at 2140, the support is at 2130.

MACD decreased which confirms the strength of sellers. RSI approached the oversold territory.

Trading recommendations

The S&P 500 index now seems to be heading towards its immediate support near 2130. The second sellers’ target lies at 2120.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

15.09.2016

Euro

General overview

The EUR/USD pair ignored the weak Industrial Production report in the Eurozone. The quotes remained at the previous levels.

Current situation

The pair is trading in a consolidation range, not far from the recent lows. The euro gets under selling pressure on any up-move towards 1.1270. The price remained above the 50-EMA which acts as a support. The 50, 100 and 200 EMAs are neutral in the 4 hours chart. The resistance is seen at 1.1270, the support stands at 1.1200.

MACD remained at the same level which confirms the strength of sellers. RSI is neutral, the indicator is close to the negative territory.

Trading recommendations

In the event that the sellers manage to force below 1.1200 the price will decrease towards 1.1130. An uptrend will start as soon, as the pair rises above resistance level 1.1270.

Pound

General overview

The market was inactive on Wednesday, digesting the latest labour market data. Traders stands still ahead of the BoE's meeting on Thursday.

Current situation

The pound made an attempt to regain the level 1.3200. The pair stopped its recovery slightly above 1.3200 in the European session. The sterling got under pressure during the North American hours. Sellers returned the price below 1.3200. The price traded lower the 200-EMA in the 4 hours chart. The 100 and 200 EMAs are neutral, the 50-EMA is pointing lower. The current resistance is seen at 1.3200, the support exists at 1.3100.

MACD remained in the negative area. RSI is within the negative territory.

Trading recommendations

The pound is under pressure that suggests its further weakness. Sellers' nearest target remained the support level 1.3200. The second sellers' target is the level 1.3100.

Yen

General overview

The yen weakened on Wednesday following the speculations on further BoJ easing its monetary policy.

Current situation

The dollar grew to a six-day high against the yen. The price almost reached 103.50 when it reversed and decreased to 102.50. The price is above its moving averages, with the 50, 100 and 200 EMAs providing a strong dynamic support in the 102.00 region. The moving averages are neutral in the 4 hours chart. The resistance is at 103.50, the support comes in at 102.50.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is within positive territory.

Trading recommendations

A break above 103.50 would open the way to 104.50. Once we break below the 102.50 level, we think that the 101.40 level will be next.

NZD/USD

General Overview

The kiwi eased on the back of a weaker-than-expected Current Account in the country.

Current situation

The price bounced off 0.7250 and traded higher on Wednesday. The upwards trend is still intact despite the recent decline. The NZD is struggling with the bullish 200-EMA to go lower in the 4 hours chart. The price is sandwiched between the 100 and 200 EMAs in the mentioned timeframe. The 50 and 100 EMAs are pointing lower. The resistance is at 0.7320, the support comes in at 0.7250.

MACD decreased which confirms the strength of sellers. RSI is consolidating within oversold territory.

Trading recommendations

The tone is still negative in the market. A move below 0.7250 will signal the presence of sellers. The sellers will lead the price to 0.7200. In the scenario where buyers return control the NZD/USD will grow towards 0.7400 through 0.7320.

XAUUSD

General overview

Gold prices traded lower on Wednesday ahead of expected U.S. retail sales report on Thursday. Traders expect the report will highlight a possible timing of the U.S. interest rate change.

Current situation

The gold partly recovered on Wednesday after Tuesday’s fall. The metal returned above 1316 and stopped at 1323 dollar per once. The pressure on the gold persists. The price is below the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages are neutral. The resistance is at 1330, the support comes in at 1316 dollar per ounce.

MACD is in the negative territory. RSI turned south and remained within negative territory.

Trading recommendations

If the pressure persists a strong breakdown and close below 1316 could send prices lower towards 1310. Alternatively, the price will grow towards 1330.

Brent

General overview

Brent decreased on expectations of U.S. oil inventories figures growth.

Current situation

After a brief consolidation during the Asian hours on Wednesday the price got under intense selling pressure and dropped to 46.50. The price broke the bullish 200-EMA and advanced away from it. The 100-EMA is still moving upwards, the 50-EMA is turning down. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD remained within the negative area which confirms the strength of sellers. RSI is approaching the oversold area.

Trading recommendations

The overall outlook remains bearish, for a decline towards the 45.30 support area.

DAX

General overview

European stocks traded in green figures after 4-day decline as investors preferred safe assets ahead of the Fed’s meeting next week.

Current situation

DAX traded flat after a recent decrease. Investors consolidated their gains, awaiting for new drivers. The index went back and forth between 10350 and 10450. The instrument bounced from the 200-EMA in the 4 hours chart. The 200-EMA is moving upwards, the 50 and 100 EMAs direction is downwards. The resistance is seen at 10520, the support lies at 10350.

The indicators remained within negative territory. MACD decreased which confirms the strength of sellers. RSI is consolidating above the oversold territory.

Trading recommendations

As DAX is under pressure we feel comfortable taking short-term short positions. The price is struggling with 10350 now. If sellers break the level they will lead the price 10230.

S&P500

General overview

Wall Street opened lower on Wednesday as oil prices decrease and uncertainty over the Fed rate hike weigh on stocks.

Current situation

The index got under selling pressure after recovery during the Asian hours. The price continued to advance south. Sellers are struggling with 2130 to go lower. However, the price gets under buying pressure on any down-move towards 2120. The S&P500 traded below the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages direction is downwards. The resistance is seen at 2140, the support is at 2130.

The indicators stalled within the negative territory.

Trading recommendations

A break below 2130 would open the way to 2120. A close above 2140 will strengthen buyers' positions. Buyers will lead the price towards 2150.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

16.09.2016

Euro

General overview

A weak retail sales report slightly softened the U.S. dollar. However, the growth of the euro was limited by the weak statistics in the EU. The USA published Initial Jobless Claims report which came in better than expected.

Current situation

The pair remained in the middle of the consolidation range. The EUR/USD went back and forth during the course of the session on Thursday. The support level 1.1200 together with the 50 and 100 EMAs provided a support for the instrument. The moving averages maintained a moderately bullish slope in the 4 hours chart. The resistance is seen at 1.1270, the support stands at 1.1200.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

As the most probable scenario, we consider further moving downwards towards the level at 1.1200. After breaking the first target the price will advance towards 1.1130.

Pound

General overview

The pound got under selling pressure following the BoE’s decision to leave the rates unchanged. The regulator highlighted that he was ready to lower the rates again if the economy does not show any descent progress in the nearest future.

Current situation

The pound got under intense selling pressure when the BoE left unchanged its rates and policy. Sellers have the ball now. They are struggling for a control over the 1.3200 level. The price touched the 50, 100 and 200 EMAs in the 4 hours chart. The 50-EMA is pointing lower, the 100 and 200 Day EMAs are neutral. The current resistance is seen at 1.3360, the support exists at 1.3200.

MACD is negative. MACD decreased which indicates the sellers’ positions strengthening.
RSI is approaching the oversold territory

Trading recommendations

If the pressure persists the downward movement will be continued. In this potential scenario, the pair will break the level 1.3200 and advance towards 1.3100.

Yen

General overview

The yen slightly strengthened on the back of the weaker U.S. statistics. Besides, traders preferred safe assets ahead of the BoJ and the Fed’s meeting the next week.

Current situation

After a brief consolidation during the Asian session the price suffered a short lived downward movement. Sellers were able to push the price lower the level 102.50. The price found a descent support at the mark 102.00 where the daily moving averages stand. The moving averages 50, 100 and 200 are neutral. The price is still struggling with the moving averages to decline further. The resistance is at 102.50, the support comes in at 101.40.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

We believe the growth will be continued now. The first target is the level 102.50. However, we do not exclude the falls to 101.40.

USD/CAD

General Overview

The Canadian dollar is weaker against the U.S. dollar as oil price decreased, but the risk aversion is limited.

Current situation

The USA/CAD is in ascending channel, close to its upper boundary. After a brief test of the weekly highs near 1.3200 the price made an attempt to return below the tested level. Sellers seem to be struggling for the level 1.3200 now. The moving averages are below the price. The 50 EMA is crossing upward the 100 and 200 EMAs in the 4 hours chart. The moving averages direction is upwards. The resistance is at 1.3200, the support comes in at 1.3100.

MACD remained in the positive area. MACD is at the same level which confirms the strength of buyers. RSI left the overbought area

Trading recommendations

The undertone is still positive. If the price overcomes the level 1.3200 the upward trajectory will be continued. If the level holds the instrument will sell-off towards 1.3100.

XAUUSD

General overview

Gold prices are under pressure, near the 2 week lows as investors will be focused on the upcoming U.S statistics to evaluate the possibilities of an eventual Fed rate-hike.

Current situation

The pair remained under pressure. Bears kept control over the market. Sellers were able to push the price lower the mark 1316 dollar per ounce. Gold futures remained below the 50, 100 and 200 EMAs which act as a resistance for the price. The 4 hours chart shows that the 50-EMA crossed the 100 and 200 EMAs downwards. The moving averages keep heading lower. The resistance is at 1316, the support comes in at 1300 dollar per ounce.

MACD remained at the same level which confirms the strength of sellers. RSI is approaching the oversold territory.

Trading recommendations

The XAU/USD pair will mostly depend on the US data. The break below 1316 suggests the further weakness of the metal. All eyes are right now at the level 1310. If the level holds the price may recover above 1316. Should the price overcome the mark and the downward trajectory will persist.

Brent

General overview

Brent prices tried to recover on Thursday; however, concerns over a global supply glut kept weighing on the price.

Current situation

In the medium term, the outlook is bearish. Oil prices failed to regain the 46.50 level. After a brief consolidation in the European session the price faced further downside pressure at the start of the North American session. The Brent is well below its moving averages, with the 50, 100 and 200 EMAs providing a strong resistance in the 47.50 region. The moving averages showed mixed dynamics. The 50 and 100 EMAs are heading south, the 200-EMA is pointing higher. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD is within the negative area. RSI is consolidating within the oversold territory.

Trading recommendations

If the resistance at 46.50 will break, the price may grow that should send this market looking for the 47.50 level. To trigger additional downward movement the instrument needs to get below 45.30.

DAX

General overview

European stocks are under pressure the sixth session in a row.

Current situation

The index had a negative day on Thursday. The price stayed near weekly lows at 10350. Sellers are trying to break the level. However, all their attempts meet a strong resistance from the buyers' side. DAX traded below the 50, 100 and 200 EMAs in the 4 hours chart. The 50-EMA is crossing the 100-EMA in the mentioned timeframe. The 50 and 100 EMAs are pointing lower, the 200-EMA is trending north. The resistance is seen at 10520, the support lies at 10350.

The indicators slightly changed from Wednesday.

Trading recommendations

The tone is still negative in the market. If DAX breaks the current support the index might extend its decrease towards 10175. To grow the price needs to bounce from 10350.

NASDAQ

General overview

Wall Street slightly changed at the open on Thursday. Stocks are evaluating the weak U.S. statistics. NASDAQ was the only index which jumped at the start of the new trading session. The growth of Apple shares boosted the index upwards. Apple is up after its latest iPhone presentation.

Current situation

The index jumped to a weekly high on Thursday. The price got under buying pressure, buyers were able to push the price towards 4770. NASDAQ broke the level and is heading higher now. The instrument broke the bearish 50 and 100 EMAs and touched the neutral 200-EMA in the 4 hours chart. The resistance is seen at 4800, the support is at 4770.

Trading recommendations

We believe that this is essentially a “buy only” market at the moment. The NASDAQ index now seems to be heading towards its immediate resistance at 4800.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

19.09.2016

Euro

General overview

The dollar grew on the back of a better-than-expected U.S. consumer price index.

Current situation

The main currency pair left the flat after a strong consumer price index report. The euro got under intense selling pressure at the start of the North American session. Sellers pushed the price lower below 1.1200. The instrument headed towards the next support at 1.1130. The pair broke the moving averages down in the 4 hours chart. The moving averages (50, 100 and 200) are turning downwards. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD is within the negative territory now The RSI oscillator is heading south.

Trading recommendations

Should the pair consolidate below 1.1200 the EUR/USD will continue its downward movement. The level 1.1130 is the next sellers’ target.

Pound

General overview

The pound remained under pressure as the BoE left the door open for another rate cut to boost the economy if necessary.

Current situation

The GBP/USD remained in red figures on Friday. Bears maintained control over the market. The price gave up its recent gains, broke the level 1.3200, 1.3100 and touched 1.3000 at close of trade. The GBP/USD is under the 50, 100 and 200 EMAs in the 4 hours chart. The 50-EMA is heading lower, the 100 and 200 EMAs are turning downwards. The current resistance is seen at 1.3100, the support exists at 1.3000.

MACD is in the negative territory. MACD remained at the same level which confirms the strength of sellers. RSI reached the oversold area.

Trading recommendations

If the pair manages to make a breakout of the support 1.3000 the price will continue its downward trajectory. We do not exclude a correction towards 1.3100 – 1.3150 after a rapid decrease.

Yen

General overview

The dollar softened against the yen due to uncertain U.S. statistics which makes us doubt of a Fed rate-hike in September.

Current situation

The USD/JPY traded around the monthly pivot point on Friday. The tone is still negative in the market. Sellers were able to push the price lower on Friday. The session low was marked at 101.68. The price broke the 100 and 200 EMAs, but remained close to them after the break. The 4 hours chart presents that the moving averages are neutral. The resistance is at 102.50, the support comes in at 101.40.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

The overall outlook remains bullish, for rise towards 102.50 resistance area. The second buyers’ target is the mark 103.00.

AUD/USD

General Overview

The Aussie eased against the dollar amid the risk aversion and crude oil prices decline. Moreover, a strong U.S. statistics weighed on the Australian dollar.

Current situation

The AUD/USD traded in a narrow range ahead of U.S. CPI report on Friday. The quotes moved lower after the report. The prices bounced off the 50-EMA in the 4 hours chart. The 50-EMA crossed the 100 and 200 EMAs downwards. All moving averages headed lower. The resistance is at 0.7500, the support comes in at 0.7460.

MACD remained in the negative area. MACD decreased which indicates the sellers’ positions strength. The RSI oscillator headed south.

Trading recommendations

We preserve our bearish outlook. The price may extend its recovery, however, the resistance 0.7540 is strong enough to stop buyers. A downtrend will start as soon, as the pair fixates below the level 0.7500. The level 0.7460 is the next sellers’ target.

XAUUSD

General overview

Gold prices remained under pressure due to the strong dollar and lack of clarity over the timing of next Fed rate-hike.

Current situation

The pair remained under pressure on Friday. The price left the consolidation range and advanced lower. The yellow metal headed towards the next support level at 1300. Gold futures trended below the 50, 100 and 200 EMAs which accelerated their declines. The 50, 100 and 200 EMAs kept heading lower. The resistance is at 1316, the support comes in at 1300 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI is within the oversold area.

Trading recommendations

If the pressure persists the price is expected to decline towards 1300.

Brent

General overview

Crude oil prices are under pressure again as Libyan and Nigerian exports are back in the game which reinforced supply glut concerns.

Current situation

Brent is now decisively trading below the 46.50 mark. Bears pushed the price lower and stopped a few pips above 45.30. The 50 and 100 EMAs kept heading lower, the 200-EMA preserved a bullish slope. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD was in the negative area. MACD decreased which confirms the strength of sellers. RSI is approaching oversold area

Trading recommendations

The loss of the 45.30 level will point to a further period of downside to come. The level 44.30 will be the next sellers' target. If Brent does a bullish rebound the oil prices will grow towards 46.50 dollars per barrel.

DAX

General overview

European stocks traded lower as stocks doubted that the EU regulator had any tool to support the Eurozone economy. Besides, Mario Draghi stated that the ECB did not need any stimulus right now which disappointed investors.

Current situation

The index had a negative day again. The price gapped lower at the open on Friday. Sellers finally broke the level 10350 and dragged the price lower. The daily low was marked at 10250. DAX traded below the 50, 100 and 200 EMAs in the 4 hours chart. The 50-EMA crossed the 100-EMA in the mentioned timeframe. The 50 and 100 EMAs headed south, the 200-EMA is moving upwards. The resistance is seen at 10350, the support lies at 10175.

MACD remained in the negative area. RSI reached the oversold area

Trading recommendations

In the scenario where the sellers keep control the price will decrease towards 10175. A move above 10350 will return buyers in the game. Buyers will push the price towards 10520.

S&P500

General overview

Wall Street closed the week lower when decrease in Oil & Gas and Financials sectors weighed on the shares.

Current situation

The index enjoyed a mixed session through trade on Friday. The price decreased during the Asian and European sessions and recovered during the North American hours. S&P500 traded around 2140 the whole day. The price is well below the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs продолжили свое нисходящее движение. The resistance is seen at 2150, the support is at 2140.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is neutral

Trading recommendations

A downtrend will start as soon, as the S&P500 drops below the support level 2140. A break above 2150 would open the way to 2160.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

20.09.2016

Euro

General overview

The dollar weakened and erased some of its gains which were recorded on Friday due to the positive U.S. statistics which revived hopes of a Fed rate-hike in September.

Current situation

The technical picture presents a slightly bearish tone. The main currency pair found a descent support around 1.1130. The price comes across a selling pressure on any up-move towards 1.1200. The 50-EMA is crossing the 100-EMA downwards in the 4 hours chart. The 50 and 100 EMAs are pointing lower, the 200-EMA is neutral. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD is negative. MACD decreased which confirms the strength of sellers. RSI is in the oversold area.

Trading recommendations

We believe the EUR/USD will remain neutral in the short term. The price will be confined to the tight range between 1.1130 and 1.1180.

Pound

General overview

The pound partly recovered amid a weak dollar. The risk appetite grew on the back of strong oil.

Current situation

The pound remains in red figures. The current recovery could be attributed to some profit taking from sellers following last week sharp decrease. The GBP/USD slightly grew above 1.3000 in the Asian session and erased some of its gains during the European hours. The session high was marked at 1.3075. The 50-EMA is crossing the 100 and 200 EMAs downwards. The moving averages are trending lower. The current resistance is seen at 1.3100, the support exists at 1.3000.

MACD is in the negative territory. MACD decreased which confirms the strength of sellers.
RSI remains oversold.

Trading recommendations

The GBP/USD is trading around 1.3000. A break below will allow a test of the mark 1.2960. We do not exclude a larger recovery towards 1.3100.

Yen

General overview

The dollar weakened against the yen ahead of the Fed and BoE’s meetings this Wednesday.

Current situation

The neutral phase that started last week is still intact. The price traded within a broad range between 101.40 and 102.50. The moving averages are neutral in the 4 hours chart. The resistance is at 102.50, the support comes in at 101.40.

MACD entered the negative area. MACD slightly decreased which confirms the strength of sellers. RSI is approaching oversold area.

Trading recommendations

We prefer to stay neutral for now. We believe the price will continue sideways trades ahead of the Fed meeting this Wednesday.

NZD/USD

General Overview

The NZD/USD pair strengthened due to the oil prices growth.

Current situation

The overall picture is neutral. The dollar weakness helped the pair to recover all of its losses. The price approached the resistance at 0.7320. The kiwi bounced from the 200-EMA and grew through the 50 and 100 EMAs in the 4 hours chart. The moving averages are neutral in the same chart. The resistance is at 0.7320, the support comes in at 0.7250.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is heading towards the overbought territory.

Trading recommendations

We remain bullish in the short term. If the price breaks the level 0.7320 the kiwi will continue its upward trajectory towards 0.7350. If the level 0.7320 holds the NZD/USD pair will bounce back towards 0.7250.

XAUUSD

General overview

Gold prices recovered on Monday after a two-week decrease ahead if the Fed and BoJ’s meetings.

Current situation

Gold prices tried to regain the level 1316, but failed. The price bounced from the level and traded a few pips below it. The moving averages extended their decline. The resistance is at 1316, the support comes in at 1300 dollar per ounce.

MACD grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area.

Trading recommendations

The level 1316 and the 50-EMA limit gold further growth. An uptrend will start as soon, as the pair rises above this region. The 1325 level is the next buyers' target. If the pressure persists the XAU/USD will decline towards 1300.

Brent

General overview

Brent reversed its losses after last week sharp decrease, as investors are waiting for an informal major producers’ meeting later this month in Algeria.

Current situation

Buyers made an attempt to regain 46.50, but failed. The price snapped the level and retreated from the daily high. The price faced a downward pressure at the start of the North American session. The 50-EMA is pointing lower, the bearish 100-EMA is crossing the bullish 200-EMA downwards. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD grew which indicates the sellers’ positions weakening. RSI is approaching oversold area

Trading recommendations

A move below the support 45.30 would suggest a resumption of the downtrend. In this potential scenario, sellers will move the price towards 44.30. To trigger an additional upwards movement the price needs to break above 46.50.

DAX

General overview

European stocks traded higher at the start of the new week. The stocks partly recovered due to the financial and energy shares growth.

Current situation

The overall picture remains bearish. The price remained in the short-term downward channel.
DAX gapped higher on Monday. The price was confined to the tight range between 10330 and 10370. The 50-EMA crossed the 100-EMA downwards. The 200-EMA headed north, the 50 and 100 EMAs are turning downwards. The resistance is seen at 10350, the support lies at 10175.

MACD remained at the same level which confirms the strength of sellers. RSI is approaching oversold area.

Trading recommendations

All eyes are right now at the level 10350. A move above the level will strengthen buyers which will push the price towards 10450 and further towards 10520. A break below this mark risks a decline back towards 10250.

Nasdaq

General overview

Wall Street opened higher on Monday. Oil prices growth supported the North American stocks which will be keeping a close eye on the Fed meeting this Wednesday.

Current situation

The index was positive on Monday. The price was able to continue its growth, buyers pushed the price from 4800 to 4835. Nasdaq is above the moving averages which are neutral in the 4 hours chart. The resistance is seen at 4835, the support is at 4800.

MACD remained in the positive area. The histogram grew which indicates the buyers’ strength. RSI bounced from the overbought area

Trading recommendations

The overall outlook remains bullish, for rise towards 4865 resistance area.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

21.09.2016

Euro

General overview

The dollar weakened on Tuesday. Traders were cautious ahead of BoJ and Fed meetings.

Current situation

The pair tried to regain the level 1.1200, but failed. The euro bullish spike faded and the pair dropped below the level 1.1200. The 4 hours chart shows that the price briefly broke the 50, 100 and 200 EMAs and immediately rolled back. The EUR/USD was below the 200-EMA at the start of the North American session. The 50-EMA is crossing the 100-EMA downwards in the mentioned timeframe. The moving averages direction is downwards. The resistance is seen at 1.1200, the support stands at 1.1130.

MACD remained at the same level which confirms the strength of sellers. RSI is within the negative territory.

Trading recommendations

The EUR/USD pair is neutral now. We recommend staying out of the market before the Fed meeting. The dollar may strengthen towards 1.1050 on the back of the Fed decision to raise the rates. Alternatively, the price will jump towards 1.1300.

Pound

General overview

The pound decreased and faced a new selling pressure. Buyers failed to hold above 1.3000 on the back of the weak dollar. There was not much to watch on the UK calendar on Tuesday.

Current situation

After a brief consolidation in the Asian session the price gave up its recent gains. The sterling was not able to sustain its growth and sharply fell below the psychological level 1.3000 during the European hours. Now the price is heading lower towards the next support at 1.2870. The price remained below the main moving averages which are all pointing lower. The current resistance is seen at 1.3000, the support exists at 1.2870.

MACD decreased which confirms the strength of sellers. RSI is in the oversold area.

Trading recommendations

The pair remains in red figures. The GBP/USD now seems to be heading towards its immediate support near 1.2870.

Yen

General overview

The yen preserved a neutral tone ahead of the US Federal Reserve and the Bank of Japan

Current situation

The price was able to recover and reversed some of its losses but remained in bearish territory. The USD/JPY was in the consolidation range between 102.00 and 101.40 on Tuesday. The quotes went back and forth within the range during the day. The instrument was struggling with the 50 and 100 EMAs which act as a resistance in the 4 hours chart. The moving averages are neutral. The resistance is at 102.50, the support comes in at 101.40.

MACD entered the negative area. MACD decreased which confirms the strength of sellers. RSI is within the neutral territory.

Trading recommendations

We preserve a short-term neutral outlook for the pair ahead of the BoJ and Fed meetings. If the price fixates below the support 101.40, it may continue the downward trend in the short term. The potential targets are 101.00 and 100.40. Should the pair recover ground and advance beyond the 102.50 level, the rally can extend in the short term up to 103.50.

USD/CAD

General Overview

The Canadian dollar got under pressure following oil prices decrease, when Venezuela stated the necessity to bring oil production down.

Current situation

The pair was positive and traded near the 6-week highs on Tuesday. After a short consolidation during the Asian hours buyers pushed the price higher. The moving averages extended their growth. The 50, 100 and 200 Day EMAs keep heading higher. The resistance is at 1.3200, the support comes in at 1.3100.

MACD remained in the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching overbought area

Trading recommendations

The pair is overbought and we do not exclude a downward correction right now. The price may decline towards the 1.3100 region where the 50-EMA stands. In the scenario, where buyers keep control over the market the USD/CAD will trend higher towards 1.3300.

XAUUSD

General overview

Gold was neutral on Tuesday as traders prepared for the U.S. and BoJ central banks meetings.

Current situation

Gold prices enjoyed a mixed session through trade on Tuesday. The price recovered during the Asian session and turned around in the European one. The pair came across a selling pressure near the resistance 1320, turned around and headed towards 1310. The XAU/USD bounced from the 50-EMA in the 4 hours chart. The moving averages kept heading lower. The resistance is at 1320, the support comes in at 1310 dollar per ounce.

MACD decreased which indicates the strength of sellers. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

If the Fed raises the rate as the most probable scenario, we consider further moving downwards towards the level at 1300. If the U.S. regulator keeps the rate unchanged the price will grow through 1320 towards 1330.

Brent

General overview

Venezuela statements about the necessity to cut the oil production by 10% weighed on the oil prices. Besides, oil futures decreased amid risk aversion in the market.

Current situation

After a brief pause during the Asian hours the crude oil prices faced a new downward pressure in the European session. Sellers were able to drive Brent futures lower. The instrument tested the level 45.30 but failed to go further. The lowest selling price was marked at 45.05. The 50 and 100 EMAs extended their declines and crossed the 200-EMA downwards. The 200-EMA is moving upwards. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD remained within negative territory which confirms the strength of sellers. RSI is approaching oversold area

Trading recommendations

We would be selling Brent only if the price drops below 45.30. Otherwise, the instrument may strengthen towards 46.50 - 47.00.

DAX

General overview

The DAX index traded higher on Tuesday. The growth of chemistry-related shares supported the European stocks.

Current situation

The price jumped in the Asian session on Tuesday. The DAX index traded near previous week high. The index seems to have found a decent resistance near the 10470 region. The 200-EMA limits its further growth. The instrument stopped a few pips below the line. The 50-EMA is crossing the 100-EMA downwards and is about to cross the 200-EMA in the 4 hours chart. The resistance is seen at 10520, the support lies at 10350.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory. The oscillator advanced north.

Trading recommendations

A move above 10470 will lead the price to 10520. A break above this level risks a further growth towards 10600. Alternatively, if we see a close below 10350 we will sell. Sellers’ targets are the marks 10250 and 10175.

S&P500

General overview

Wall Street opened higher on Tuesday. However, investors are cautious ahead of the Fed meeting that will conclude on Wednesday.

Current situation

The index remained neutral and traded mixed on Tuesday. The price grew in the Asian and the European sessions and turned around in the North American one. The 50, 100 and 200 Day EMAs extended their declines. The resistance is seen at 2150, the support is at 2140.

MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is neutral.

Trading recommendations

To trigger additional downward momentum towards 2130 the price needs to break the level 2140. We also cannot rule out the chance that the index would try to get to the level at 2150.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

22.09.2016

Euro

General overview

The BoJ decision to leave the rate unchanged did not impact the pair. The EUR/USD was unmoved during the European trade on Wednesday as investors remained cautious ahead of the Fed meeting results.

Current situation

The euro got under selling pressure during the Asian session on Wednesday. The lowest trading price was marked at 1.1120 (the lowest mark since August 21st). The price turned around and recovered back to the opening level – 1.1150 in the middle of the night session. The 50-EMA crossed the 100-EMA downwards and is crossing the 200-EMA now. All moving averages are heading south which confirms the sellers’ strength. The resistance is seen at 1.1150, the support stands at 1.1100.

MACD remained in the negative territory. RSI consolidated within the oversold area.

Trading recommendations

The pair will mostly depend on the US data on Wednesday. If the Fed changes the rates the price may decline further down towards 1.1100 and 1.1050. If the US Central Bank maintains its rates unchanged the euro may strengthen towards 1.1200 and 1.1250.

Pound

General overview

The pound weakened against the dollar despite the positive UK statistics on Wednesday. Traders waited for the Fed decision regarding the rates later the day.

Current situation

The pair seems to continue with the recovery in the European session on Wednesday. The price bounced off the boarder of the oversold zone. The sterling was able to erase some loses turning higher. The GBP/USD traded near 1.3000 in the middle of the European trade on Wednesday. The 50, 100 and 200 Day EMAs maintained their bearish slope. All moving averages keep heading lower. The current resistance is seen at 1.3000, the support exists at 1.2870.

MACD is negative which confirms the strength of sellers. RSI is in the oversold territory.

Trading recommendations

On the whole, the GBP/USD pair threatens further downside pressure. The pound may weaken on the back of the Fed decision regarding the rates. In this potential scenario, the price will fall towards 1.2870. Conversely, the quotes will continue with the recovery towards 1.3100.

Yen

General overview

The dollar strengthened despite the BoJ decision to keep the rates unchanged.

Current situation

The USD/JPY traded mixed on Wednesday. The price fell below 101.15 and then sharply rallied in the Asian session. The pair jumped towards the level 102.50 where it suffered a short lived downward movement. The price is struggling with the 101.40 level now. The USD/JPY remained below the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages show a moderately bearish slope. The resistance is at 101.40, the support comes in at 100.40.

MACD is negative which confirms the strength of sellers. RSI is in the oversold territory.

Trading recommendations

If the USD/JPY breaks the support 100.40 that should send this market looking for the 100.00 level. Otherwise, the price will grow towards 102.50 and 103.00.

AUD/USD

General Overview

The AUD/USD grew on the back of the oil prices growth.

Current situation

The pair had a positive day on Wednesday. After a brief consolidation the pair resumed its near-term bullish movement. The price has been growing for the third consecutive session. The AUD/USD stopped a few pips below 0.7600 in the European session. The instrument broke the 100 and 200 EMAs upwards in the 4 hours chart. Now these moving averages act as a support for the aussie. The 200 and 100 EMAs are neutral, the 50-EMA is pointing higher. The resistance is at 0.7600, the support comes in at 0.7540.

MACD is in the positive area. The histogram grew which indicates the buyers’ strength. RSI is within the overbought area.

Trading recommendations

A move above 0.7600 will trigger additional upward momentum. We believe that the price could escalate up to 0.7650.

XAUUSD

General overview

Gold futures grew to the one-week high when the BoJ announced new monetary policy measures.

Current situation

The XAU/USD retreated from the weekly low in the Asian session. The price rallied and was able to break the level 1320 dollar per ounce. The pair now seems to be heading towards its immediate resistance at 1330. The yellow metal broke the 50, 100 and 200 EMAs upwards in the 4 hours chart. The moving averages are turning upwards. The resistance is at 1330, the support comes in at 1320 dollar per ounce.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is approaching the overbought territory.

Trading recommendations

If the price overcomes 1330 we will neutralize our medium term negative outlook. Buyers may push the price towards the mark 1335. Alternatively, the XAU/USD falls below 1320 dollar per ounce.

Brent

General overview

Brent prices grew following a draw in U.S. crude inventories. Besides, the oil service worker strike in Norway threatens the oil output which supports the current oil prices rally.

Current situation

Oil prices gapped higher at the start of Wednesday. The price immediately jumped from 46.25 to 46.45 dollars per barrel. The crude oil remained close to the level 46.50 during the European trade on Wednesday. The price touched the bearish 50-EMA in the 4 hours chart. The 100-EMA is heading lower, the 200-EMA is moving upwards. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD remained within negative territory which confirms the strength of sellers. RSI is approaching oversold area

Trading recommendations

The Brent will mostly depend on the Crude Oil Stocks change report on Wednesday. A further draw in the inventories shall support the prices. Brent may continue its upward trajectory towards 47.50. On the other hand, a growth of inventories may weigh on the price which will fall below 46.50 dollars per barrel towards 45.30.

DAX

General overview

European stocks opened higher after the BoJ announcement its new monetary policy measures.

Current situation

The price gapped higher in the Asian session on Wednesday. The index jumped from 10400 to 10430. Buyers were able to extend a recovery towards 10520 where the upward momentum faded and the price rolled back. DAX shortly broke the 200-EMA upwards and immediately returned below the line. The 50-EMA is crossing the 200-EMA downwards in the 4 hours chart. The 50 and 100 EMAs are moving downwards, the 200-EMA is advancing north. The resistance is seen at 10520, the support lies at 10350.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the overbought area.

Trading recommendations

To trigger additional upwards momentum towards 10700 the price needs to break the level 10520. We cannot rule out the chance that DAX would return to 10350.

S&P500

General overview

Wall Street opened higher ahead of the Fed rate decision.

Current situation

The index opened higher on Wednesday. The price traded with slight gains. S&P500 was able to escalate up to the level 2150 during the European trades. The 50 and 100 EMAs are neutral, the 200-EMA maintained its bullish slope. The resistance is seen at 2150, the support is at 2140.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is neutral.

Trading recommendations

To move higher the price needs to break the immediate resistance at 2150. Once we break above 2150, we think that the 2160 level will be next. A move below 2140 might force the index to resume its downward trajectory towards 2135.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

23.09.2016

Euro

General overview

The dollar weakened on the back of the Fed decision to maintain its rate unchanged.

Current situation

Despite the recent growth our outlook is still bearish. The price remained in the descending channel. The pair broke the 1.1200 level overnight and trended towards 1.1250 in the European session on Thursday. The moving averages (50, 100 and 200) narrowed and are neutral now. The resistance is seen at 1.1250, the support stands at 1.1100.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is in the overbought area.

Trading recommendations

The price may roll back towards 1.1200 where it may turn around and presume its growth. Alternatively, if sellers are back in the game the EUR/USD pair will decrease towards 1.1150.

Pound

General overview

The pound is in demand due to the risk appetite growth and amid the dollar weakness across the board.

Current situation

The GBP/USD pair continued with the recovery on Thursday. The price had been growing the second session in a row. Buyers were able to lead the price upwards through 1.3000. The rally faded near the level 1.3100 where the pound had found a solid resistance. The sterling touched the bearish 50-EMA and bounced back. The 50, 100 and 200 EMAs maintained their bearish slope. The current resistance is seen at 1.3100, the support exists at 1.3000.

MACD is in the negative territory. MACD grew which confirms the sellers’ positions weakening. RSI bounced from the oversold area.

Trading recommendations

An uptrend will start as soon, as the pair rises above the resistance level 1.3100. A move below the 1.3000 support would suggest a resumption of the bearish trend.

Yen

General overview

The dollar softened against the yen when the American regulator made a decision to leave the rate unchanged
.
Current situation

The price sharply fell on Wednesday and remained under pressure on Thursday. The pair found a support at 100.40 where the downward pressure eased and the dollar was able to recover. The 50, 100 and 200 EMAs are turning downwards. The resistance is at 101.40, the support comes in at 100.40.

MACD is in the negative area. MACD decreased which confirms the strength of sellers. RSI is within the neutral territory.

Trading recommendations

If the price breaks the 100.40 level the next target for this pair will be the support level 99.50. We do not exclude a short-term correction towards 101.40.

NZD/USD

General Overview

The New Zealand dollar strengthened on the back of the RBNZ decision to keep the rate on hold. However, the Reserve Bank of New Zealand left the door open for November rate cut.

Current situation

The pair maintained its bullish trend. The price grew in the Asian session, the pair set a new weekly high at 0.7370. The NZD/USD decreased during the European hours on Thursday. The price traded above the 50, 100 and 200 EMAs which are pointing higher. The 50 and 100 EMAs provide a strong support for the price. The resistance is at 0.7320, the support comes in at 0.7250.

MACD is in the positive area. MACD grew which indicates the buyers’ strength. RSI is approaching overbought area.

Trading recommendations

The price may continue its uptrend. The level 0.7400 is the first buyers’ target. A decline below 0.7320 could indicate a start of a reversal in the uptrend.

XAUUSD

General overview

Gold prices strengthened amid a weak dollar. The dollar softened when the Fed held off on raising interest rates.

Current situation

Metal had a positive day and closed the day in green figures. Buyers broke the resistance 1330 dollar per ounce overnight. The growth slowed down and the price traded above 1330 on Thursday. The instrument headed away from the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs are turning upwards in the mentioned timeframe. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD is positive. The histogram grew which indicates the buyers’ strength. RSI is approaching overbought area

Trading recommendations

The XAU/USD pair might extend its growth towards 1340. In the event that the sellers manage to force the below 1330 the metal may decrease towards 1320 dollar per ounce.

Brent

General overview

The draw in the U.S. crude supplies supported Brent futures which have been growing for the third week in a row.

Current situation

Technically, the short term picture is modestly bullish. The price extended its growth above the level 46.50 on Thursday. Brent is currently struggling with 47.50 to grow further. The instrument touched the 200-EMA and left below the 50 and 100 EMAs. The 200-EMA is pointing higher, the 100 and 50 EMAs are heading lower. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel.

MACD entered the positive area. The histogram grew which indicates the buyers’ strength.
RSI is approaching overbought area.

Trading recommendations

As the most probable scenario, we consider further moving upwards towards the level at 47.50 dollars per barrel. A short-term roll back towards 46.50 is also possible.

DAX

General overview

European stocks extended their growth on Thursday after the Fed’s expected decision to put the rates on hold.

Current situation

DAX looks very bullish now. The price continued to advance north during the course of trades on Thursday. The index is approaching the resistance level 10700. The DAX index headed away from the moving averages in the 4 hours chart. The 50 and 100 EMAs are heading lower, the 200-EMA kept advancing north. The resistance is seen at 10700, the support is at 10520.

MACD entered the positive area. The histogram grew which indicates the buyers’ strength. RSI is approaching the overbought area.

Trading recommendations

The overall outlook remains bullish. A break above 10700 would open the way to 10900. DAX may slightly roll back in the Asian session to presume its growth on Friday.

NASDAQ

General overview

Wall Street opened higher after the Federal Reserve decision not to cut the rates in September.

Current situation

Bulls seem to have returned in the game. The index has been climbing upwards the second day in a roll. The price broke the level 4865 and slowed down. The 50-EMA is turning upwards. The 100 and 200 EMAs are neutral. The resistance is seen at 4900, the support is at 4865.

The histogram grew which indicates the buyers’ strength. RSI is in the overbought area

Trading recommendations

Technically, the short term picture is modestly bullish. A clear strength above the 4865 will pave way for a continuation of the NASDAQ upward trajectory towards 4900.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

26.09.2016

Euro

General overview

Germany published positive Manufacturing PMI from Markit on Friday. Despite the positive data the figures did not impact the pair.

Current situation

The near-term outlook is mixed for the pair. The EUR/USD consolidated its gains at 1.1200 during the European session on Friday. The euro rebounded from the level 1.1200 at the start of the American session. The 50, 100 and 200 EMAs are still neutral. The resistance is seen at 1.1250, the support stands at 1.1100.

MACD remains within the positive territory. RSI is consolidating near the overbought area.

Trading recommendations

A bullish continuation through 1.1250 should lead to a continued growth, with 1.3000 as the first probable target. A move below 1.1200 should send the price towards 1.1150.

Pound

General overview

The dollar strengthened against the pound on Friday. However, its growth is limited as the Fed’s decision to leave rates unchanged keeps weighing on the dollar.

Current situation

Cable remained under pressure on Friday. Its attempt to recover met a bearish resistance at 1.3100 where the price reversed and moved south. The price broke the level 1.3000 on its way downwards. The 50, 100 and 200 EMAs accelerated their declines. All moving averages kept heading lower. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. RSI approached the oversold area.

Trading recommendations

All eyes are right now at the mark 1.2950. A cut through here will turn attention to the 1.2900 level. On the other side, buyers will try to break the mark 1.3050. If they succeed the price will trend towards 1.3100.

Yen

General overview

The USD/JPY recovered on the news that the BoJ could interfere. Bedsides, the yen was in demand as stocks were cautious after the recent Fed and BoJ’s statements and preferred safe-assets.

Current situation

The price traded close to the level 101.40 on Friday. The USD/JPY slightly retreated from the recent high and moved down. The price touched the 50-EMA and bounced from it in the 4 hours chart. The 50, 100 and 200 EMAs maintained their bearish slope. The resistance is at 101.40, the support comes in at 100.40.

MACD decreased which confirms the strength of sellers. RSI is close to the oversold area.

Trading recommendations

A strong breakdown and close below 100.40 could send prices lower towards 99.50. However, the instrument is oversold and we do not exclude a correction towards 101.40.

USD/CAD

General Overview

Commodity currencies are under pressure due to oil prices decrease and dollar strengthening.

Current situation

The pair continued with a recovery on Friday. The price bounced from the weekly low at 1.3000 and moved north towards 1.3200. However, the growing momentum faded around 1.3150. The price stopped growing and began consolidating its gains. The USD/CAD pair broke the 50, 100 and 200 Day EMAs on its way upwards. The 50-EMA acts as a support for the price now. The moving averages are neutral in the 4 hours chart. The resistance is at 1.3200, the support comes in at 1.3100.

The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.

Trading recommendations

Despite the recent growth the pair is under pressure. If buyers have strength they will lead the price towards 1.3200. In the event that the sellers manage to force the below 1.3100 the price will trend towards 1.3000.

XAUUSD

General overview

Gold prices retreated from the recent high after a sharp rally the day before. The expected Fed’s decision to put rates on hold supported the metal.

Current situation

The price spent the day in a consolidation close to the recent high at 1340. Traders closed their long positions after a rally. The XAU/USD is still in green figures. The metal remained above the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs are turning upwards. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD remained at the same level which confirms the strength of buyers. RSI is within the overbought area.

Trading recommendations

If the price makes another attempt and this time breaks above the 1340 resistance area then we could see its further growth towards 1350. If traders keep cutting long positions the price may roll back towards 1330.

Brent

General overview

Brent fell at close of Friday trade. Oil prices weakened when it became known that Saudi Arabia did not expect the world leading crude exporters to reach an agreement at the meeting in Algeria.

Current situation

Oil prices enjoyed a mixed session of Friday. The price fell in the Asian session, and then turned around in the European one. Brent almost reached the level 48.50 when it again reversed and sharply fell through 47.50 and 46.50. Prices stopped close to the support 45.30. Crude oil bounced from the 200-EMA and fell below the 50 and 100 EMAs which headed south. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD decreased which indicates the buyers’ positions weakening. RSI is approaching overbought area.

Trading recommendations

The next target for Brent might be the support level of 45.30. The second target lies at 44.30.

DAX

General overview

European stocks decreased despite the positive statistics in Germany and France.

Current situation

DAX retreated from the level 10700 on Friday. This was a technical rebound as traders were cutting their long positions to fixate their gains. The price approached the 100-EMA in the 4 hours chart. The 50-EMA broke the 100 and 200-EMAs downwards. The 100 and 200 EMAs are moving upwards, the 50-EMA is still heading south. The resistance is seen at 10700, the support is at 10520.

MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought territory.

Trading recommendations

DAX my extend its correction and approach the level 10520. If the level holds the index will bounce upwards towards 10700. Should the price break the level 10520 downwards and sellers will push it towards the 10400 – 10350 region.

S&P500

General overview

The Oil & Gas and Industrials sectors losses weighed on the American stocks on Friday.

Current situation

The index erased its previous gains and retreated from the weekly high at 2172. The price broke the level 2165 on its way down and headed towards 2150. S&P500 bounced from the 200-EMA and moved downwards. The price broke the 100-EMA and is approaching the 50-EMA in the 4 hours chart. The 200-EMA is neutral, the 50 and 100 EMAs are pointing lower. The resistance is seen at 2165, the support is at 2150.

MACD decreased which indicates the buyers’ positions weakening. RSI bounced from the overbought territory.

Trading recommendations

We are looking for the 2150 support break and then continuation of a fall with a further target at 2140.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

27.09.2016

Euro

General overview

The euro strengthened on the back of the strong Germany statistics. The euro/dollar stayed in a narrow range amid a risk aversion on Monday.

Current situation

The euro preserved its positive near-term tone on Monday. The pair kept recovering after bouncing from the level 1.1200. The price approached the 1.1250 level in the middle of the European trades and broke it at the start of the North American session. The 50, 100 and 200 EMAs are still neutral. All lines act as a support for the quotes. The resistance is seen at 1.1300, the support stands at 1.1250.

The histogram grew which indicates the buyers’ strength. RSI approached the overbought area.

Trading recommendations

A clear break above the level 1.1250 will indicate growing buyers’ strength. Buyers will lead the price towards the closest resistance at 1.1300.

Pound

General overview

The dollar remained under pressure against its major rivals as stocks kept digesting the latest Fed’s decision. Moreover, traders were cautious ahead of U.S. Presidential Debates.

Current situation

The downward pressure persisted on Monday. The GBP/USD pair erased all its Friday’s gains and sharply fell from the local high towards the next support at 1.2900. The price stuck in post-Brexit short-term consolidation. The 50, 100 and 200 EMAs maintained its bearish slope and extended their declines in the 4 hours chart. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD decreased which confirms the strength of sellers. RSI consolidated within the negative territory.

Trading recommendations

If the pressure persists the GBP/USD may extend its downward trajectory. The nearest target remains the support level 1.2900, the second target is at 1.2800.

Yen

General overview

The yen strengthened as a safe asset amid a risk aversion. The BoJ chief Kuroda's words that the regulator was ready to implement additional measures to boost inflation failed to limit the growth of the yen.

Current situation

The risk-off sentiment supported the demand for the yen. The price slid downwards from the Asian high at 101.00 towards the immediate support at 100.40 where the downward pressure faded. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower in the 4 hours chart. The resistance is at 101.40, the support comes in at 100.40.

The indicators continued heading south within negative territory. MACD remained at the same level which confirms the strength of sellers. RSI remained above the oversold area.

Trading recommendations

The overall outlook remained bearish. A close below 100.40 will trigger losses to the 100.00 level. If the support holds the USD/JPY may bounce towards 101.40.

AUD/USD

General Overview

The Aussie was neutral against the U.S. dollar on Monday despite the recent pressure after oil prices decrease.

Current situation

AUD/USD tested the support of the price channel in the 4-hours chart during the Asian trades on Monday. After testing the channel lower boundary the price bounced upwards and headed towards 0.7650. The 4 hours chart shows that the 50-EMA crossed the 100 and 200 EMAs upwards. The 100-EMA is crossing the 200-EMA in the same chart. All moving averages headed north. The resistance is at 0.7650, the support comes in at 0.7600.

MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI remained neutral.

Trading recommendations

As long as the level 0.7600 holds the price is expected to trend upwards. The level 0.7650 is the first buyers’ target. A strong breakdown and close below 0.7600 could send prices lower towards 0.7540.

XAUUSD

General overview

Gold prices showed mixed trades on Monday. Traders took wait-and-see mode before Presidential debates between Hillary Clinton and Donald Trump.

Current situation

Gold prices traded mixed on Monday. The quotes stayed in a tight range between 1332 and 1340 dollar per ounce. After rolling back the price again tried to overcome 1340. However, the pair got under selling pressure on any up-move towards the mark. The 50-EMA is crossing the 100 and 200 EMAs in the 4 hours chart. The moving averages direction is upwards. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

MACD is in the positive area. RSI consolidated close to the overbought area.

Trading recommendations

If the price overcomes 1340 dollar per ounce we will neutralize our medium term negative outlook. Once we break above the 1340 level, we think that the 1350 level will be next.

Brent

General overview

Oil prices recovered on Monday after last week decrease. Investors are weighing up the possibility of a potential coordinated output freeze agreement among the OPEC members.

Current situation

Oil prices remained within a descending channel. A bearish tone prevailed in the 4 hours chart. Brent spent the Asian session in a tight range between 45.80 and 46.50. The price got under buying pressure in European trade on Monday. However, the bullish spike faded at the mark 47.00. The quotes are in-between the bearish 50 and 100 EMAs in the 4 hours chart. The 200-EMA is moving higher in the mentioned timeframe. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI remained within neutral territory.

Trading recommendations

Brent might extend its recovery towards 47.50. A break above 47.50 would open the way to 48.00. In the event that the sellers manage to force the below 46.50 the quotes will dip towards 45.30.

DAX

General overview

European stocks opened lower on Monday as financial and energy-related stocks weighed on the shares.

Current situation

The index gapped downwards from 10587 to 10576 in the Asian session on Monday. The price maintained its bearish tone during the European hours. DAX moved towards the immediate support at 10350 at the open of the North American session. The price broke through the 50, 100 and 200 EMAs in the 4 hours chart and advanced from them. The 50-EMA direction is downwards, the 100 and 200 EMAs are heading north. The resistance is seen at 10520, the support is at 10350.

MACD decreased which indicates the strength of sellers. RSI moved towards the oversold area.

Trading recommendations

The 10350 level remains the key support area to watch for. A clear break below the level will trigger the next leg of move for the index. The level 10250 is the next sellers' target. We do not exclude a correction towards 10450.

NASDAQ

General overview

Wall Street opened lower on Monday on the back of the first debate between U.S. presidential candidates Hillary Clinton and Donald Trump.

Current situation

The index got under selling pressure from the very beginning of the day. Sellers pushed the price towards the 4800 region through 4835. The 50-EMA stopped the downward movement. The 50-EMA accelerated its growth. The 100 and 200 EMAs maintained its moderate bullish slope. The resistance is seen at 4835, the support is at 4800.

MACD decreased which confirms the strength of sellers. RSI reached the oversold area.

Trading recommendations

We expect a short-term correction and a continuation of the downward momentum. The level 4800 is the next sellers’ target. In case of a recovery the price will grow towards 4850.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

28.09.2016

Euro

General overview

The EUR/USD traded neutral on Monday as the market sentiment improved after the Presidential debates in the USA. The dollar is still recovering after the Fed decision to leave the rate unchanged.

Current situation

The price broke the resistance 1.1250 and headed north in the European session on Tuesday. However, the upward momentum shortly faded and the quotes returned into the familiar range below 1.1250. Sellers pushed the price lower towards 1.1200 at the start of the North American session. The pair is approaching the moving averages in the 4 hours chart. The 50, 100 and 200 EMAs present a moderately bullish slope. The resistance is seen at 1.1250, the support stands at 1.1200.

MACD decreased. RSI is drifting away from the overbought area.

Trading recommendations

A break above the immediate resistance will trigger the next leg of an upward move for the pair. The main buyers' goals are the marks at 1.1280 and 1.1300. We cannot rule out the chance that the EUR/USD pair will fall to 1.1200. Should the EUR/USD overcome the level and sellers will lead the price to 1.1150.

Pound

General overview

The pound is under pressure due to oil prices decrease.

Current situation

The buying interest was short-lived and faded a few pips above 1.3200. The price sharply fell from the session high, returned below the level and remained flat between 1.3200 and 1.2940 during the day. The GBP/USD pair is well below the moving averages. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. MACD remained at the same level which confirms the strength of sellers. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

If the GBP/USD pair remains within the negative territory sellers will make another attempt to break below 1.2900. Meanwhile, we prefer to stay neutral for now. We expect further sideways trades in the coming hours.

Yen

General overview

The yen strengthened after Haruhiko Kuroda’s words. According to Kurodа the regulator was ready to use every available tool to achieve its 2% inflation. The Central Bank is also ready to implement additional stimulus measures if needed.

Current situation

After testing 100.00 support zone the price bounced off and slightly recovered. The upward momentum faded at 101.00 where the price turned around. The USD/JPY sharply fell and erased all its previous gains. The pair seems to be making another attempt to break the level 100.40. The 4 hours chart shows that the price met a selling pressure around the 50-EMA. All moving averages keep heading lower in the in the same chart. The resistance is at 101.40, the support comes in at 100.40.

MACD remained at the same level which confirms the strength of sellers. RSI is consolidating within the negative territory.

Trading recommendations

Our near term scenario is a consolidation above the 100.00 support zone. We expect other attempts to break the 100.00 mark.

NZD/USD

Current situation

Last week recovery was stopped at 0.7320. The upward momentum faded and the price retreated from the session high. Now the NZD/USD seems to be heading towards the immediate support at 0.7250. The 50 and 100 EMAs provide a strong support for the pair. The 50, 100 and 200 EMAs are neutral. The resistance is at 0.7320, the support comes in at 0.7250.

MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory. The oscillator is heading south.

Trading recommendations

The pair is under pressure and we preserve our bearish outlook. The price has difficulties to go higher 0.7320. As the most probable scenario, we consider further moving downwards towards the mark at 0.7220.

XAUUSD

General overview

Gold prices traded lower on Tuesday as markets decided that Hillary Clinton won the first U.S. presidential debate on Monday.

Current situation

The early XAU/USD recovery stalled and the quotes got under selling pressure on Tuesday. Gold prices dropped to the level 1330 where the downward movement slowed down. The pair remained under pressure at the start of the North American session. The metal seems to be struggling with the 50-EMA to go further. The 50, 100 and 200 are moderately bullish in the 4 hours chart. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

The histogram decreased which indicates the buyers’ positions weakening. RSI is within the neutral territory.

Trading recommendations

We believe the pressure will persist. A break below 1330 would open the way to 1320.

Brent

General overview

Oil prices decreased on Tuesday as hopes of an agreement among the OPEC members faded.

Current situation

Oil prices remained under pressure on Tuesday. A recovery attempt failed, sellers are back in town. The price dropped from the weekly high at 47.50 to 46.50 dollars per barrel. After breaking the level 46.50 Brent extended its losses towards 45.95. Crude oil prices were not able to break the 200-EMA upwards. The price turned around and fell through the 50 and 100-EMAs. The 50 and 100 EMAs are pointing lower. The 200 EMA maintained a bullish slope. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is heading south.

Trading recommendations

Brent is expected to extend its decline towards 45.30. Should this mark be reached successfully, a further extension towards 44.30 could be observed further.

DAX

General overview

European stocks traded lower on Tuesday following the news of Hillary Clinton's victory over Donald Trump in the presidential debate.

Current situation

DAX maintained its bearish tone on Tuesday. The price was declining the whole day and found a support around 10250 in the North American session. After touching the mark the quotes rolled back towards the nearest resistance at 10350. The 50 and 100 EMAs kept heading lower in the 4 hours chart. The 200-EMA direction is upwards. The resistance is seen at 10350, the support is at 10175.

The MACD histogram decreased which indicates the sellers’ strength. RSI is in the oversold area

Trading recommendations

The price may recover to the 10450 region where the 50-EMA exists. After reaching the region the index may turn around. Conversely, DAX may make another attempt and this time break below 10250.

S&P500

General overview

Wall Street traded higher on Tuesday when a growth in technology sector reduced losses in energy stocks.

Current situation

S&P500 remained under pressure on Tuesday. The index shortly decreased and refreshed the weekly low at 2132. The price turned around after that and moved towards 2150. The quotes bounced from the 50-EMA upwards in the 4 hours chart. The 50, 100 and 200 EMAs extended their decline. All moving averages are heading lower. The resistance is seen at 2150, the support is at 2140.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI is neutral.

Trading recommendations

We prefer to stay neutral for now. We expect further sideways trades in the coming days.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

29.09.2016

Euro

General overview

The euro reversed some of its losses due to concerns over the Eurozone economy state.

Current situation

The EUR/USD enjoyed a mixed session through trade on Wednesday. The price went back and forth around 1.1200. The euro was under pressure the first part of the day, but was able to recover at the start of the North American session. The price made an attempt to break the 50, 100 and 200 EMAs in the 4 hours chart. The break was short-lived and the price returned above them. The moving averages are neutral. The resistance is seen at 1.1250, the support stands at 1.1200.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

The short-term picture is quite mixed. The further downward movement is limited by the support 1.1200. If the EUR/USD pair makes another attempt and this time breaks below the level the price may fall towards 1.1150. The nearest bulls' target is the immediate resistance at 1.1250.

Pound

General overview

Shafik’s dovish comments (the BOE deputy) weighed on the pound. According to the deputy more stimulus may be required in the nearest time. Besides, the regulator is ready to expand its asset purchase program if needed.

Current situation

The trend is objectively bearish. Sellers have the ball and do not want to give up their positions. The pair showed low volatile trades on Wednesday. The price stayed around 1.3000 waiting for new drivers. An attempt to grow was stopped by the bearish 50-EMA. The price is struggling with the 50-EMA to grow further. The 50, 100 and 200 EMAs maintained their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD is in the negative territory. MACD grew which indicates the sellers’ positions weakening. RSI is heading towards the overbought area.

Trading recommendations

The overall outlook remains bearish, for a decline towards 1.2950 support zone. A recovery towards 1.3100 is also possible.

Yen

General overview

The dollar rose on Wednesday due to profit fixation and was supported by the positive sentiment after the election debates.

Current situation

The pair had a neutral day on Wednesday. The dollar made an attempt to recover which was stopped at 100.80. The price spent the day a few pips above the current support – 100.40. The 50-EMA stopped the correctional growth. The price touched the line and slightly rolled back. The 50, 100 and 200 EMAs present a strong bearish slope. All moving averages kept heading lower. The resistance is at 101.40, the support comes in at 100.40.

MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral territory.

Trading recommendations

We are looking for the 100.40 support break and then continuation of a fall with a further target at 100.00.

USD/CAD

Current situation

The pair remains in the upward channel, close to its lower limit. However, the upward momentum seems to have run out of steam. An attempt to extend an upward trajectory appeared short-lived. The price stopped a few pips above 1.3200. The USD/CAD remained above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages accelerated their growth. The resistance is at 1.3000, the support comes in at 1.3200.

MACD remained in the positive area. MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is within the neutral territory.

Trading recommendations

The USD/CAD pair is overbought. We expect a short-term downward correction. The price may decrease towards 1.3140 where the 50-EMA resides. Conversely, the pair will extend its upward trajectory towards 1.3280 - 1.3300.

XAUUSD

General overview

Gold futures got under pressure after the first U.S. presidential debates as demand for the safe-assets diminished.

Current situation

The XAU/USD pair had a negative day on Wednesday. The price remained under pressure and extended its decline. Sellers were able to push the price lower from 1326 to 1322. The downward momentum stalled above the support 1320. In the 4 hours chart the 50, 100 and 200 EMAs are turning downwards. The resistance is at 1330, the support comes in at 1320 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI approached the oversold area

Trading recommendations

If the level 1320 holds gold prices may develop an upward correction. In this potential scenario we will see the price move towards 1330-1335. If this support will break, the quotes may fall that should send this market looking for the 1310 level.

Brent

General overview

Brent prices strengthened on Wednesday on stockpile data. Investors waited for the OPEC meeting outcome.

Current situation

After a short consolidation during the Asian hours Brent returned to a growth. After breaking the level 46.50 the price rallied towards 47.50 dollars per barrel. However, the bullish spike appeared a short-lived and the quotes returned below 46.50. The overall picture is bearish. Brent tested the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are neutral, the 200-EMA is pointing higher. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.

Trading recommendations

If the price consolidates above 46.50 the price may extend its recovery. The level 47.50 is the first target. A clear break above the level will open the way towards 48.50. To trigger a downward movement the quotes need to return below 46.50 dollars per barrel.

DAX

General overview

European stocks were broadly higher on Wednesday on the back of mining and energy-related stocks strengthening. Moreover, investors waited for major oil producers’ meeting outcome.

Current situation

DAX was stronger on Wednesday and traded near the local high. The price extended its recovery and reached the 10520 resistance region. After reaching the level DAX slightly rolled back and erased some of its latest gains. The instrument broke the 50-EMA and tested the 200-EMA in the 4 hours chart. The 50 and 100 EMAs are heading lower, the 200-EMA is moving north. The resistance is seen at 10520, the support is at 10350.

The histogram grew which indicates the sellers’ positions weakening. RSI bounced from the oversold area.

Trading recommendations

The price is struggling with the resistance 10520 to go further. Besides, the 200-EMA stands on its way upward. The DAX index needs to break this barrier to strengthen further. Otherwise, the index will return to a decline.

NASDAQ

General overview

Wall Street traded flat at the open of the North American session. Investors waited for Yellen’s speech and the OPEC producers’ meeting outcome.

Current situation

The index started its Wednesday’s trade in a flat. The price consolidated its gains after the rally the day before. NASDAQ spent the day near 4865, the quotes were moving back and forth around the level. The price is hovering above the 50-EMA. The 50, 100 and 200 EMAs are moving higher. The resistance is seen at 4865, the support is at 4835.

MACD is in the positive area. The histogram grew which is a buy signal. RSI is approaching the overbought area.

Trading recommendations

The price may slightly pull back to 4835. If the upward pressure continues the index will grow further. The mark 4890 is the next buyers’ target.

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

#712 · by » **ValdisTF** » **Sun, 2 October 2016, 5:35 pm** **| #539 of 685 | ∇**

"Fort Financial Services"- fundamental and technical analysis.

03.10.2016

Euro

General overview

The dollar fell from a weekly high despite the positive U.S economic releases. The euro weakened amid European bank problems. Particularly, investors concerned about the health of Deutsche Bank.

Current situation

The pair jumped from 1-week low and returned back above the 1.1200 level. The level 1.1250 stopped the rally, the price rolled back and closed the day a few pips below the level. The moving averages maintained neutral tone. The resistance is seen at 1.1250, the support stands at 1.1200.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area.

Trading recommendations

The market switched the tone to bullish. A break above 1.1250 might force the pair to resume its upward trajectory. After breaking the level the EUR/USD pair may trend towards 1.1280.

Pound

General overview

The pound strengthened against the dollar on the back of strong UK economic reports.

Current situation

The sterling remained under pressure on Friday. An attempt to grow was stopped above 1.3000. Buyers were not able to hold above the level and had to return below it. The price failed to break the 50-EMA and after a short period returned below it. The 50, 100 and 200 EMAs accelerated their decline. The current resistance is seen at 1.3000, the support exists at 1.2900.

MACD decreased which confirms the strength of sellers. RSI is consolidating within the oversold area.

Trading recommendations

The level 1.2950 limits further decline of the pair. A close below the level will trigger losses towards 1.2900. After breaking the level the price will advance to 1.2800.

Yen

General overview

The yen weakened after the OPEC decision to reduce oil output. Moreover, the China manufacturing PMI, which came in as expected, weighed on the safe-haven yen.

Current situation

The bearish trend remained intact. The yen erased its latest gains on Friday, but closed the day in the green. A bullish spike faded around 101.70 and the price had to return below 101.40. The USD/JPY broke the 100-EMA and tested the 200-EMA in the 4 hours chart. However, buyers failed to hold above the 200-EMA and the price rolled back. The resistance is at 101.40, the support comes in at 100.40.

MACD remained at the same level which confirms the strength of buyers. RSI is within the overbought territory.

Trading recommendations

The bearish trend remained intact. All buyers attempt to raise the price were unsuccessful. The price will remain in a range between 101.40 and 100.40 waiting for new drivers.

NZD/USD

Concerns over Deutsche Bank make investors stay away from safe-heaven assets. Instead they preferred higher-yielding currencies – like Kiwi.

Current situation

The NZD/USD pair had a positive day on Friday. The price recovered from the weekly low at 0.7230 and headed above 0.7250 where it closed the day. The pair broke upwards the neutral moving averages in the 4 hours chart. The resistance is at 0.7320, the support comes in at 0.7250.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from the oversold area.

Trading recommendations

Despite a recovery on Friday the overall tone is negative. The price remained in a descending channel which risks a further decline towards 0.7250 and 0.7220.

XAUUSD

General overview

Gold prices fell on Friday despite the growth of demand for safe-assets due to the banking problems in Europe.

Current situation

Gold was recovering during the European hours, but sharply fell at the beginning of the New York session. The price fell from the daily high at 1327 towards 1310 through 1320. The XAU/USD pair closed the day bearish. In the 4 hours chart gold quotes broke the 50, 100 and 200 EMAs. The moving averages are turning lower in the same chart. The resistance is at 1320, the support comes in at 1310 dollar per ounce.

MACD decreased which confirms the strength of sellers. RSI is heading south.

Trading recommendations

If the price maintains its bearish tone a break below 1310 should lead to a continued slide, with 1305 as the first probable target.

Brent

General overview

Brent fell due to profit taking amid concerns that the OPEC’s agreement will not weaken a global supply glut. The US rigs number increased which also pressured oil quotes on both sides of the Atlantic.

Current situation

Brent stalled two-day rally and fell back into negative territory. The price made an attempt to extend its recovery in the European session on Friday. However, it turned around and reversed its latest gains in the North American session. Crude oil prices remained above the moving averages in the 4 hours chart. The 100 and 200 EMAs kept heading higher, the bearish 50-EMA is turning upwards. The resistance is at 49.50, the support comes in at 48.50 dollars per barrel.

The MACD histogram grew which is a buy signal. RSI is approaching the overbought area.

Trading recommendations

The tone is still positive in the market. However, Brent is overbought and could conduct a rebound towards 48.50.

DAX

General overview

DAX strengthened fallowing the news about possible agreement between Deutsche Bank and the U.S. Department of Justice.

Current situation

DAX gapped lower at the start of Friday. However, the price turned around and jumped to weekly highs later the day. The index climbed back into the 10520 region. The prices broke the 50-EMA and tested the 100 and 200 EMAs on its way upwards. In the 4 hours chart the moving averages showed mixed directions. The 50 and 100 Day EMAs are pointing lower, the 200-EMA maintained its bullish slope. The resistance is seen at 10520, the support is at 10350.

MACD indicator is at the centerline. If the histogram enters the positive territory, that will indicate buyers’ growing strength. If MACD returns into the negative area the sellers will take control over the market. RSI bounced from negative territory.

Trading recommendations

Despite the rally on Friday DAX remained in a descending channel. The price closed the week at its higher limit. The index may conduct a technical rebound towards 10350. If the growing pressure persists the quotes will extend its recovery. Alternatively, the DAX index will continue its downward momentum.

NASDAQ

General overview

The Oil & Gas and Consumer Services sectors positive data supported the U.S. stocks on Friday.

Current situation

Bulls fought back control and returned prices to the local high. NASDAQ rallied and closed the day in the green figures above 4865. The index bounced from the 100-EMA in the 4 hours chart. The 100 and 200 EMAs present a moderately bullish slope. The 50-EMA accelerated its growth. The resistance is seen at 4865, the support is at 2150.

MACD indicator is at the centerline. If the histogram enters the negative territory, that will indicate sellers’ growing strength. If MACD returns into the positive area the buyers will take control over the market. RSI approached the overbought area.

Trading recommendations

The bullish tone prevails in the market. The price may dip to 4800 to bounce back upwards.

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

#712

"Fort Financial Services"- fundamental and technical analysis.

04.10.2016

Euro

General overview

The dollar strengthened amid renewed optimism regarding Deutsсhe Bank.

Current situation

Technically, the price maintained its bearish tone. The euro was low volatile during the European hours on Monday. The EUR/USD remained below 1.1250 and kept its range-trade intact during the course of trade. The price decreased in the NY session. The price hovered above the 50, 100 and 200 EMAs in the 4 hours chart. The moving averages provide a strong support for the main currency pair. The resistance comes in at 1.1250, the support stands at 1.1200.

MACD is in the positive area. RSI remained within the neutral territory on Monday.

Trading recommendations

The level 1.1200 remains the key support area to watch for. A clear break below will open the way towards 1.1150.

Pound

General overview

The pound decreased on Monday despite the positive Manufacturing PMI. The report did not convince investors in a growing strength of the UK economy after the Brexit. Theresa May (Britain's Prime Minister) set the final date for the Brexit which weighed on the pound as well.

Current situation

The GBP/USD gapped downwards in the Asian session on Monday. The price continued moving south during the European trade. The pair broke 1.2900 and began consolidating its gains. The 4 hours chart shows that the price is below the 50, 100 and 200 EMAs. The moving averages keep heading lower. The current resistance is seen at 1.2900, the support exists at 1.2800.

MACD decreased which confirms the strength of sellers. RSI approached the oversold area.

Trading recommendations

The loss of the 1.2900 level is now pointing to a further period of downside to come. The next sellers' target is the level 1.2800. Should this mark be reached successfully, a further extension towards 1.2700 is possible.

Yen

General overview

The yen was neutral on Monday despite the strong Tankan release. Markets ignored the report, awaiting for the U.S. Manufacturing PMI later this day.

Current situation

The USD/JPY pair remained neutral on Monday. The dollar looked firm against the yen. The price traded in a narrow range between 101.10 – 101.60 during the European trade hours. The pair started a consolidation phase after a strong rebound from the 3-month support line – 100.06. The USD/JPY was sandwiched between the 100 and 200 EMAs which provide an immediate support and resistance. The moving averages are slowing down in the 4 hours chart. The resistance can be found at 101.40, the support comes in at 100.40.

MACD remained at the same level which confirms the strength of buyers. RSI is close to the overbought area.

Trading recommendations

We prefer to stay neutral for now. We expect further sideways trades in the coming days.

USD/CAD

General overview

The upbeat sentiment around oil prices supported the commodity currencies, including loonie
.
Current situation

Bears tried to return control over the market. The pair was neutral during the Asian hours and got under selling pressure in the European session. Sellers were able to break the 1.3100 level, but failed to stay there. The price bounced from the 1.3070 mark. The price bounced upwards from the 200-EMA in the 4 hours chart. The USD/CAD pair broke the 100-EMA and tested the 50-EMA in the mentioned timeframe. The resistance is at 1.3200, the support stands at 1.3100.

MACD remained at the same levels which confirms the strength of sellers. RSI is within the neutral territory.

Trading recommendations

The USD/CAD still looks bullish. The price is expected to grow further towards 1.3200 soon. Should the pair consolidate below 1.3040 and sellers will push the price towards 1.2900.

XAUUSD

General overview

Gold prices remained intact on Monday even though the fears regarding a Deutsche Bank collapse eased.

Current situation

Gold was steady on Monday after last Friday’s sharp decrease. The pair traded around the recent lows close to the 1310 level. Gold prices are below the 50, 100 and 200 EMAs which are all pointing lower. The resistance is at 1320, the support comes in at 1310 dollar per ounce.

MACD remained negative. RSI is in the overvalued territory.

Trading recommendations

The pair now seems to be heading towards its immediate support near 1310. A close below the level will trigger losses to the 1305 mark. A break above 1320 could cheer up buyers and would open the way to the 1327-1330 region.

Brent

General overview

Oil grew on Monday amid risk appetite growth. OPEC’s plans to cut production support on both sides of the Atlantic.

Current situation

Oil prices remained under buying pressure on Monday. Despite the gap downwards at the open of the Asian session, the price turned around and extended last week growth. Brent approached the August high that was posted on the 19th August. The price remained well above the moving averages in the 4 hours chart. The 50-EMA accelerated its growth and crossed the 100-EMA upwards. All moving averages are trending higher. The resistance is at 50.50, the support comes in at 49.50 dollars per barrel.

MACD is positive. The histogram grew which is a buy signal. RSI is in the overbought area.

Trading recommendations

We expect a correction which may last a few days to ease the current overbought scenario. Oil may return below 49.50 to the 48.50 region.

DAX

General overview

European stocks were neutral on Monday as a threat of a Deutsche Bank collapse decreased. Germany stocks were closed due to "Day of German Unity" celebration.

Current situation

The index remained at last week highs due to the day off. The 200-EMA stopped the DAX further growth. The 100 and 200 EMAs provide a strong resistance for the price. The 50 and 100 Day EMAs are pointing lower, while the 200-EMA kept heading north. The resistance is seen at 10520, the support is at 10350.

The MACD and RSI indicators did not change since Friday.

Trading recommendations

After last week sharp spike the price is expected to roll back. We expect a correction towards 10350.

S&P500

General overview

Wall Street opened in the red territory on Monday when healthcare and consumer sectors led the shares down.

Current situation

The index decisively traded below the 2165 mark on Monday. The price retreated from last week high and partly erased latest gains during European trade. S&P500 continued moving lower at the beginning of the New York session. The price bounced from the 200-EMA and rolled back towards the 100-EMA. In the 4 hours chart the 100 and 200 EMAs maintained their bearish slope, the 50-EMA pointed higher. The resistance is seen at 2165, the support is at 2150.

MACD decreased which points the buyers’ weakness. RSI remained neutral.

Trading recommendations

Bears seem to have returned in the game. The upward movement is out of steam, sellers shall lead the price towards 2140 through 2150.

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

MoneyOnComputer

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LOGIN or REGISTER @ MoneyOnComputer.com

Similar Topics • Maximum 8

WhoIs Online