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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 66024, member: 31380"] [color=#00cc00][b]"Fort Financial Services"- fundamental and technical analysis[/b] [/color] [u][b]17.07.2014[/b][/u] [color=#ff6600][b]Technical analysis [/b][/color] [color=#00cc00][b]Euro (EUR)[/b][/color] [color=#0066cc][b]General Overview[/b][/color] The euro/dollar remained under the pressure. The euro disorder was provoked by the ZEW disappointing data. The Euro sales were carried out amid the Fed reports. The brief euro buying against the dollar was observed when the retail sales release went significantly worse forecasted medians. In fact, the ZEW Report pointed to the Germany investor confidence drop in July for seventh consecutive month. The price is finding the first support at 1.3520, the next one is at 1.3480. The price is finding the first resistance at 1.3570, the next one is at 1.3610. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud. The MACD indicator is in a neutral territory. [color=#0066cc][b]Trading recommendations[/b][/color] After the trend line 1.3520 breakthrough the way to the support 1.3480 will be opened. Meanwhile we expect a consolidation and a short term bounce upwards. [img]http://www.picshare.ru/uploads/140717/667r2ZAOyf.jpg[/img] [color=#00cc00][b]Pound (GBP)[/b][/color] [color=#0033ff][b]General Overview[/b][/color] Technically, the British returned to the market leaders and became one of the majors on the yesterday's session having made some profit against the dollar. The sterling found support from the newly arrived UK economic data. The economic statistics publication announced the UK inflation accelerating and added the belief to investors that the BoE would be forced to raise rates before the end of this year The price is finding the first support at 1.7115, the next one is at 1.7050. The price is finding the first resistance at 1.7160, the next one is at 1.7220. There is a non-confirmed and weak buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud. The MACD histogram is in a neutral territory. [color=#0066cc][b]Trading recommendations[/b][/color] We expect the 1.7160 line break that will open the way for the buyers to 1.7220. [img]http://www.picshare.ru/uploads/140717/3b9Ng8B43P.jpg[/img] [color=#00cc00][b]Yen (JPY)[/b][/color] [color=#0066cc][b]General Overview[/b][/color] The Japanese currency also fell against the dollar. However, it is worth noting that the yen sales were not as active as they could be in this situation, when the Japan stock market experienced growth and the Fed chief's statements positioned investor optimism on the dollar. Perhaps the reason is the stock market good sentiment lack and resumed U.S. government bond yields falling. In addition, the BoJ decisions could form the pair’s pessimism. The price is finding the first support 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 102.70. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement, and the Kijun-sen – horizontal and form a “Golden cross”. The MACD indicator is in a positive territory. The price is going up. [color=#0066cc][b]Trading recommendations[/b][/color] We believe the growth will be continued now. The first target is the level 102.23. [img]http://www.picshare.ru/uploads/140717/2Iz76PI2OL.jpg[/img] [color=#00cc00][b]Franc (CHF)[/b][/color] [color=#0066cc][b]General Overview[/b][/color] The dollar strengthened after Ms. Yellen said that interest rates would rise sooner if the situation on the labor market improves faster than expected. Nevertheless, the Fed chairman also said that if the economic recovery would be disappointing, the monetary policy would remain accommodative. The price is finding the first support at 0.8950, the next one is at 0.8920. The price is finding the first resistance at 0.9000, the next one is at 0.9035. There is a confirmed and strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a positive territory. The price is going up. [color=#0066cc][b]Trading recommendations[/b][/color] We advise to long with the first target - 0.9000. When the pair consolidates above the first target, we can start deals to the level of 0.9035. [url=http://www.picshare.ru/view/4848412/][img]http://www.picshare.ru/uploads/140717/9H5nUfT2el.jpg[/img][/url] [/QUOTE]
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