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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 66211, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis [/b][/u][/color] [u][b]22.07.2014[/b][/u] [color=#ff6600][b]Technical analysis[/b][/color] [color=#00cc00][b]Euro (EUR)[/b][/color] [color=#0066cc][b]Overview[/b][/color] The initial European currency reduction was caused by the continued caution amid the geopolitics background as well as the increasing concerns about the euro zone financial system health due to the problems in the Portuguese banking group Espirito Santo that is based on some hearings on the bankruptcy brink. The euro fall can be continued, of course, if not something extraordinary happens. However, at the moment, the technical factor is on the euro’s side as the euro/dollar fell to an annual minimum which can be given as a strong support. 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 shows a horizontal movement and the Kijun-sen shows a downward one. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is correcting. [color=#0066cc][b]Trading recommendations[/b][/color] The pair is close to the strong support 1.3520. We expect the growth. [img]http://www.picshare.ru/uploads/140722/vR6C9td178.jpg[/img] [color=#00cc00][b]Pound (GBP)[/b][/color] [color=#0066cc][b]Overview[/b][/color] Obviously, the reason for the sales drop was a sterling risk appetite against the backdrop of the geopolitical upheaval. The British currency is still the most profitable among the other majors in the current situation and it was the investors’ natural desire to reduce risk positions. The false retest of the resistance level of 1.7115 led to the formation of a price’s short-term pullback down. The British pound short-term pullback against the U.S. dollar has not appeared long. The price is finding the first support at 1.7050, the next one is at 1.7000. The price is finding the first resistance at 1.7115, the next one is at 1.7160. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD histogram is in a negative territory. The price is decreasing. [color=#0066cc][b]Trading recommendations[/b][/color] The approach to the level of 1.7050 may lead to a price rebound up. The potential rebound target is the level of resistance 1.7160. [color=#00cc00] [IMG]http://www.picshare.ru/uploads/140722/b78Mq3U54F.jpg[/IMG] [b]Yen (JPY)[/b][/color] [color=#0066cc] [b]Overview[/b][/color] The Japanese currency declined against the dollar and returned most of the positions won in the previous session, when it was reported about the hit airliner on the border between Russia and Ukraine. It is possible that one of the moments that were supporting the dollar was the fact of the Japanese importers buying at attractive levels for this to which the pair dropped and the others - the profitability States’ "Treasuries" renewed growth. More than six months, the dollar/yen has been fixing above the strong support level of 101.00. The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23. There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The price is correcting. [color=#0066cc][b]Trading recommendations[/b][/color] The price is likely to go to the upward trend line 102.23. [img]http://www.picshare.ru/uploads/140722/WVg5lWH08r.jpg[/img] [color=#00cc00][b]Franc (CHF)[/b][/color] [color=#0066cc] [b]Overview[/b][/color] The Franc fell against the dollar after the euro. The dollar strengthened after The Federal Reserve chief Janet Yellen indicated last week that the interest rates may be risen sooner, if the economy continues to recover. 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 correcting. [color=#0066cc][b]Trading recommendations[/b][/color] We advise to long with the first target - 0.9000. When the pair consolidates below the first target, we can open deals to the level of 0.9030. [img]http://www.picshare.ru/uploads/140722/h4MKfk2hS3.jpg[/img] [/QUOTE]
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