Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Fort Financial Services - fundamental and technical analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Fort Financial Services, post: 89642, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis[/b][/u][/color] [color=#0000cc][b]16.09.2015[/b][/color] [i][color=#ff6600][b]Fundamental analysis[/b][/color][/i] [i]There was a calm trading in the foreign exchange market at the beginning of this week. Almost all the major pairs remained within their ranges as traders continue to be nervous anticipating the Fed. By the end of the day the pair EUR/USD decreased amid the Brent crude oil decline by 3%. The only notable macroeconomic release was the euro area industrial production report which was significantly higher than expected. The reaction to it was minimal as the market sentiments and the foreign stock exchanges dynamics are playing the single currency driver role. The GBP/USD has sharply fallen. Earlier it symbolically strengthened amid the UK government bond yields increase relative to their US and Germany counterparts. The currency faced with the increased volatility because of “the Central Bank race": today the Bank of England like the Fed is inclined to interest rates increase. The pair USD/JPY had decreased amid the capital flight from the "risky assets" into the funding currency. This week the Bank of Japan decided not to change the monetary policy course, saying that the economy and inflation can be recovered with the current incentives. By the end of the trades the pair strengthened.[/i] [img]http://savepic.su/6142469.jpg[/img] [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] There were not great changes on the debt market at the beginning of the week: the Germany and the US government bond yields were in the flat. The Germany business climate data, presented by the Zew Institute, were of particular interest. The index decreased more then the forecasted median: 12,1 vs 18,4. The index was 25,0 in August. Investors received the US retail sales report which is expected to reach the consensus forecast amid the household income growth and the unemployment reduction. However, the growth was 0,2% vs forecasted 0,3%. The price started the weak downward correction. After a short-term consolidation below the resistance level of 1.1325 the pair tested the support level of 1.1260. The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1325, the next one is at 1.1410. 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 indicator is in a positive territory. The price is correcting. [color=#0033cc][b]Trading recommendations[/b][/color] The buyers need to break above 1.1325 for a steady growth. The way to the mark 1.1410 will be opened after this breakthrough. [img]http://savepic.su/6140421.jpg[/img] [color=#00cc00][u][b]Pound (GBP)[/b][/u][/color] [color=#0033cc][b]General overview[/b][/color] There was the UK government bond yields increase in the debt market relative to their US and Germany counterparts which will contribute to the British currency demand. The market attention will be focused on the UK inflation report which is expected to reach 0.0% after the previous 0.1%. the data came out at the forecasted median. The pound exchange rate cannot continue its upward movement. After the level of 1.5460 testing the pair pound/dollar sharply fell and broke through the support level of 1.5390. The price is finding the first support at 1.5300, the next one is 1.5200. The price is finding the first resistance at 1.5390, the next one is 1.5460. There is a confirmed and a 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 downward 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 recommendations[/b][/color] The potential growth targets are the resistance levels: 1.5390, 1.5460. [img]http://savepic.su/6130181.jpg[/img] [color=#00cc00][u][b]Yen (JPY)[/b][/u][/color] [color=#0033cc][b]General overview[/b][/color] The Bank of Japan monetary policy meeting results was the main event in the morning. We expect the moderate positive comments by Mr. Kuroda. The BoJ kept the monetary politic unchanged. Yesterday we saw the bearish sentiment prevalence in the world leading exchanges which also contributes to demand for the Japanese yen as a funding currency. The price continues its weak downward movement. The pair fell below the support level of 120.40 but by the end of the trades the pair returned at this level. The price is finding the first support at 119.20, the next one is 118.40. The price is finding the first resistance at 120.40, the next one is 121.60. There is a confirmed and a 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 and form a “Dead Cross”. The upward movement will be until the price is above the Cloud. The MACD indicator is in a neutral territory. The price is correcting. [color=#0033cc][b]Trading recommendations[/b][/color] We recommend going short with the first target – 119.20. When the price consolidates below the first target it may go to the level 118.40. [img]http://savepic.su/6131205.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]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…