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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 67505, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis[/b][/u][/color] [u][b]15.08.2014[/b][/u] [color=#ff66ff][b]Technical analysis[/b][/color] [color=#00cc00][b]Euro (EUR)[/b][/color] [color=#0033cc][b]General Overview[/b][/color] The single European currency showed a multidirectional movement against the dollar and finished the day with small losses. The latest statistics pressed the euro, the only thing that supported the pair was the news from the United States that showed a weak sales in the retail trade. The second week in a row a strong support level of 1.3340 does not let sellers to come. The support is at 1.3360. The resistance is at 1.3420. There is a confirmed and strong sell signal. The price is under the Cloud and it is above the Chinkou Span. The Tenkan-sen is directed downwards and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative territory. The histogram is decreasing. [color=#0033cc][b]Trading recommendations[/b][/color] We expect a rebound, the potential target is the downtrend channel upper boundary 1.3390. The maximum growth target is a strong resistance level of 1.3430 [IMG]http://www.picshare.ru/uploads/140815/feN03V2RlM.jpg[/IMG] [color=#00cc00][b]Pound (GBP)[/b][/color] [color=#0033cc][b]General Overview[/b][/color] The British pound was the main loser among all majors at yesterday's session. Sterling fell against the dollar, having lost more than 120 points. The cable fell because of the weak reports: the employment grew, but at the same time, salary growth leaves much to be desired - the average wage in the UK in April-June increased by only 0.6% instead of the expected 0.75%. BoE’s statements poured "fuel to the fire", they say that the interest rates growth will largely depend on the acceleration of wage growth. Sellers managed to break below the key support level 1.6710 - 1.6700. The downward trend is expected to be continued, but before that we are likely to see a short-term pullback to the resistance level 1.6700 - 1.6710. The price is finding the first support at 1.6640, the next one is at 1.6570. The price is finding the first resistance at 1.6700, the next one is at 1.6770. 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 are directed downwards. The downward movement will be until the price is under the Cloud. The MACD histogram is in a negative territory. [color=#0033cc][b]Trading recommendations[/b][/color] The pair tends to decrease. The potential target is 1.6640. [IMG]http://www.picshare.ru/uploads/140815/tfAik1978K.jpg[/IMG] [color=#00cc00][b]Yen (JPY)[/b][/color] [color=#0066cc][b]General Overview[/b][/color] The Japanese yen fell against the dollar. The economic data showed a sharp drop in GDP in the second quarter, still the risk appetite growth on the stock markets in Japan and the United pressured the Japanese currency more. When the weak retail sales in the United States yen rose sharply, but could not keep the trend and very soon came back under pressure. Negative GDP Japanese yen directly affected the dollar strengthening. Due to the growth of the dollar buyers were able to get out of the descending channel, breaking up the upper bound of 102.30. The price is finding the first support at 102.23, the next one is at 101.60. The price is finding the first resistance at 102.60, the next one is at 102.60. There is a confirmed and weak sell signal. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen are neutral. The downward movement will be until the price is below the Cloud. The MACD indicator is in a negative territory. [color=#0033cc][b]Trading recommendations[/b][/color] We expect a rebound down. The potential target rebound is a strong support level of 101.60. If the pair continues growing it will reach the marks 102.70, 103.00 in a short term. [IMG]http://www.picshare.ru/uploads/140815/BCaX4s0l95.jpg[/IMG] [color=#00cc00][b]Frank (CHF)[/b][/color] [color=#0066cc][b]General Overview[/b][/color] Swiss Franc returned most of the ground it had lost the other day. The unexpectedly weak the USA retail sales pressured the dollar. In July, the main figure was 0.0% vs. 0.2% and 0.2% in June. The retail sales excluding autos rose 0.1% against 0.4%. The price is finding the first support at 0.9060, the next one is at 0.9030. The price is finding the resistance at 0.9090, the next one is at 0.9130. There is a confirmed and weak sell signal. The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The MACD indicator is in a negative territory. The price is correcting downwards. [color=#0033cc][b]Trading recommendations[/b][/color] We recommend short positions with the first target - 0.9030. The second target is the level 0.9000. [IMG]http://www.picshare.ru/uploads/140815/5u9wfBz9SC.jpg[/IMG] [/QUOTE]
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