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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 86579, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis[/b][/u][/color] [color=#0000cc][b]17.07.2015[/b][/color] [i][color=#ff6600][b]Fundamental analysis[/b][/color][/i] [i]The political and the US economy statistics news supported the dollar. The US currency rose against the euro, the yen, and against the British pound. The greenback purchases were started after J.Yellen's speech in the Congress USA. She confirmed that the regulator is approaching to the monetary policy tightening and the key interest rates growth in the current year. According to the US Labor Department the initial jobless claims number became less than 15 thousand having fallen to 218 thousand. On the yesterday’s trades, the EUR/USD lost some points amid the US Federal Reserve head stated that the regulator is set to raise the rates this year. The GBP/USD fell after the negative labor market release. The unemployment rate rose to 0.1%, prompting long positions profit-taking. The pair USD/JPY increased amid the "risky assets" demand, as well as BoJ the negative inflation outlook.[/i] [color=#ff6600][i][b]Technical analysis[/b][/i][/color] [color=#00cc00][u][b]Euro (EUR)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The traders' attention was focused on the Greece debt problems in the beginning of the week. Now, the investors' attention is directed to the Mario Draghi's speech and the ECB meeting results. There was the Fed's head press conference on Thursday. The ECB kept the interest rates unchanged at 0.05%. Sellers broke the support level of 1.0925 that opened the way to the support level of 1.0790. The price is consolidating above the support level 1.0790 now. The price is finding the first support at 1.0790, the next one is 1.0670. The price is finding the first resistance at 1.0925, the next one is at 1.1050. There is a confirmed and a 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 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 decreasing. [color=#0000cc][b]Trading recommendations[/b][/color] We expect the 1.0790 line break that will open the way for the sellers to 1.0670, further then towards 1.0550. [img]http://savepic.su/5839119.jpg[/img] [color=#00cc00][u][b]Pound (GBP)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The unemployment rate in Britain increased by 0.1% at the end of May. The core inflation is at 0.8%, the unemployment rate is at 5.6%. We can forget about the rate increase for a while with such statistics. The Bank of England Governor Mark Carney's made his speech yesterday still there was no reaction at the market after his speech. The short-term resistance level of 1.5670 stopped the upward pound trend. The level test has led to the downward correction formation that is aimed to support level of 1.5550. The price is finding the first support at 1.5550, the next one is 1.5460. The price is finding the first resistance at 1.5670, the next one is 1.5775. There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud. The MACD histogram is in a positive territory. The price is correcting. [color=#0000cc][b]Trading recommendations[/b][/color] The potential rebound targets are the resistance levels of 1.5670, 1.5775. [img]http://savepic.ru/7563830.jpg[/img] [color=#00cc00][u][b]Yen (JPY)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] We do not believe in strong yen sales now. The Bank of Japan lowered its inflation forecast for the financial years 2015-2017 and in this regard the Japanese yen looks rather vulnerable now. Buyers have failed to break through and gain stay above the strong resistance level of 123.50 for the third time. The level breakthrough comes amid low volumes. Currently, the price is consolidating above 123.50 which already plays a strong supporting role. The price is finding the first support at 123.50, the next one is at 122.40. The price is finding the first resistance at 124.30, the next one is at 125.50. There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows 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 consolidating. [color=#0000cc][b]Trading recommendations[/b][/color] The potential growth targets are the resistance levels: 124.30, 125.50. [img]http://savepic.su/5885198.jpg[/img] [color=#00cc00][u][b]Franc (CHF)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The Swiss franc lost the position Swiss currency fell to nearly 3-month low of 0.9553 against the US dollar. The retail trade turnover fell in May in Switzerland, showing the preliminary results of the Federal Statistical Office report. The turnover in real terms fell by 1.8% in May compared to the preceding year, for the fifth month in a row, and after a reduction of 0.1% in April. The USD/CHF broke through the resistance at 0.9540. The price is finding the first support at 123.50, the next one is at 122.40. The price is finding the first resistance at 124.30, the next one is at 125.50. There is a confirmed and a strong 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 indicator is in a positive territory. The price is growing. [color=#0000cc][b]Trading recommendations[/b][/color] We advise to long with the first target - 0.9750. [img]http://savepic.ru/7553590.jpg[/img] [i][b]*Analytical review is presented by the leading analyst of the broker Fort Financial Services, [color=#0099cc]Alexander Kofman.[/color][/b][/i] [/QUOTE]
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