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Fort Financial Services - fundamental and technical analysis
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[QUOTE="Fort Financial Services, post: 89692, member: 31380"] [color=#00cc00][u][b]"Fort Financial Services"- fundamental and technical analysis[/b][/u][/color] [color=#0000cc][b]17.09.2015[/b][/color] [i][color=#ff6600][b]Fundamental analysis[/b][/color][/i] [i]The US dollar rose against most currencies despite the US weak economic reports. Investors took a wait and see attitude ahead of the Federal Reserve System forthcoming meeting results. The EUR/USD pair decreased amid the August US retail sales positive data. In addition, the Zew report put pressure on the euro to which the German economic confidence index weakened sharply in September having reached the 10-month low. The business sector sentiment index fell to 12.1 points in September compared to 25.0 points in August. However the euro slightly increased by the end of the trades. The GBP/USD had decreased amid the US two year Treasury bond yields increase. In addition, the UK inflation report was in the center of attention having shown the August consumer price index growth by 0.2 %, still they were unchanged compared with the previous year. The last change coincided with the experts’ forecasts. Nevertheless, the pair pound/dollar sharply grew. By the end of the day the pair USD/JPY increased amid the bullish sentiment in the Japanese and the US stock markets.[/i] [img]http://savepic.su/6129194.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 was the US and Germany bond yields moderate growth which is a positive factor for the dollar as it increases investments’ attractiveness into the US assets. Traders did not hurry to open new deals ahead of the US inflation release. The CPI release was expected with the positive data. The CPI came out at the level of forecasted median 0,1%. The price resumed the upward movement after the support level of 1.1260 testing. 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 horizontal movement and the Kijun-sen shows 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 increasing. [color=#0000cc][b]Trading recommendations[/b][/color] We believe the growth will be continued now. The first target is the level 1.1410, the next one is 1.1530. [img]http://savepic.su/6135338.jpg[/img] [color=#00cc00][u][b]Pound (GBP)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] The UK Core CPI indicator is showing the inflation growth by 0.42% compared with the previous month which indicates the UK labor market positive trend. The Brent crude oil has decreased by 2.5% since the beginning of the week which will provide support to the US currency as this factor is not obvious in the pair GBP/USD quotations. The pound exchange rate began its downward movement, but the support level of 1.5390 was short-term. The pair sharply increased and broke through the levels of 1.5390 and 1.5460. The price is finding the first support at 1.5460, the next one is 1.5390. The price is finding the first resistance at 1.5550, the next one is 1.5670. 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 an upward movement 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 increasing. [color=#0000cc][b]Trading recommendations[/b][/color] We suppose the pair will go to 1.5550 first. Having overcome the first target the price might go upwards to 1.5670. [img]http://savepic.su/6133290.jpg[/img] [color=#00cc00][u][b]Yen (JPY)[/b][/u][/color] [color=#0000cc][b]General overview[/b][/color] Yesterday the US positive macroeconomic statistics was published. The statistics caused the two year Treasury bond securities growth which reflects the Fed rate expectations. The bond securities growth ahead of the monetary control meeting is a positive factor for the US currency. The profitability increased to the level of 0.8%, having set the fresh four-year high. The price is correcting against the weak downward movement. The pair grew and the resistance level of 120.40 was broken through. The price is finding the first support at 120.40, the next one is 119.20. The price is finding the first resistance at 121.60, the next one is 122.40. 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 shows an upward movement and the Kijun-sen shows a downward 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 growing. [color=#0000cc][b]Trading recommendations[/b][/color] The buyers need to break above 121.60 for a steady growth. The way to the mark 122.40 will be opened after this breakthrough. [img]http://savepic.su/6122026.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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