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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 66575, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis [/b][/u][/color] [u][b]28.07.2014[/b][/u] [color=#ff6600][b]Technical analysis[/b][/color] [color=#00cc00][b]Euro (EUR)[/b][/color] [color=#0033cc][b]Overview[/b][/color] The euro was quietly traded on the low having reached earlier. The euro sales impulse was given by the German IFO institute release which had shown a decrease concerning the trust in business. The support level of 1.3480 was broken down at lower volumes. The level breakthrough was followed by the price fixing. We expect the downward trend to be continued. At this time trades come in the narrow descending channel direction. The price is finding the support at 1.3420, the next one is at 1.3360. The price is finding the first resistance at 1.3480, the next one is at 1.3520. 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 negative territory. The price is consolidating. [color=#0033cc][b]Trading recommendation[/b][/color] The price is likely to go to the downward trend line 1.3360. [IMG]http://www.picshare.ru/uploads/140729/76q3k05ag1.jpg[/IMG] [color=#00cc00][b]Pound (GBP)[/b][/color] [color=#0033cc][b]Overview[/b][/color] The British pound was traded in a narrow sideways range against the dollar and ended the day slightly lower, almost at the opening prices. Obviously, the unsatisfactory UK retail sales results in June, presented last Thursday, continued to put pressure on the sterling and as the technical factors caused the strong support for the GBP/USD supported the impulse. The British pound has been actively decreasing against the U.S. dollar for the last two weeks. The price fall touched the strong support level of 1.7000, approached at lower volumes which means the downward trend softening. The price is finding the first support at 1.6950, the next one is at 1.6900. The price is finding the first resistance at 1.7000, the next one is at 1.7050. 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. The downward movement will be until the price is under the Cloud. The MACD histogram is in a negative territory. The price is consolidating. [color=#0033cc][b]Trading recommendation[/b][/color] After the trend line 1.6950 breakthrough down the way to the support 1.6900 will be opened. [IMG]http://www.picshare.ru/uploads/140729/5gX5ZG2vdK.jpg[/IMG] [color=#00cc00][b]Yen (JPY)[/b][/color] [color=#0033cc][b]Overview[/b][/color] The Japanese yen was under pressure from the dollar. The Japan stock market optimism which raised the Nikkei on 1.13% supported the pair, but the final result was less impressive - the pair fell and closed the trading day with only a slight increase. The last week short-break turned out to be a false one. The buyers managed to lift the price above of 101.60 once again The U.S. dollar corrective strength against the Japanese yen was met by the downward linear trend 102.23. The trend line is quite strong, it has been touched three times and has never been broken. The price is finding the first support at 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. 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 ahorizontal 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 consolidating. [color=#0033cc][b]Trading recommendation[/b][/color] The downward movement will be continued. The pair may go to 101.00 soon. [IMG]http://www.picshare.ru/uploads/140729/OSfOdyZjPI.jpg[/IMG] [color=#00cc00][b]Franc (CHF)[/b][/color] [color=#0033cc][b]Overview[/b][/color] The Franc fell significantly against the dollar strengthening. The dollar index rose to almost one-month high amid the U.S. economic recovery signs The price is finding the first support at 0.9035, the next one is at 0.9000. The price is finding the resistance at 0.9060, the next one is at 0.9090. 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. 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=#0033cc][b]Trading recommendation[/b][/color] We advise to long with the first target - 0.9060. When the pair consolidates above the first target, we can open deals to the level of 0.9090. [IMG]http://www.picshare.ru/uploads/140729/c1rUWeY9NL.jpg[/IMG] [/QUOTE]
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