Fort Financial Services

Tuesday, 18 December 2018

FX TS

No comments : Posted by Olga Gorinina at 11:33 Labels: trading signals

As we approach the end of the year, a clear deterioration in market sentiment becomes apparent: US markets fell to new lows of 2018. Investors still expect another Fed rate hike tomorrow. We expect that already today the market activity will begin to decline.

EUR / USD

Yesterday it was quite an interesting trading day for the European currency. After the pair dropped to a three-week low last Friday, Monday showed that the market has no desire to update the lows and move out of the wide sideway range 1.1270-1.1400. On Monday, we observed a technical reversal, when the market rebounded from support 1.1275 and strengthened to the area of 1.1360. Now the whole intrigue is whether the market has the strength to overcome the strong resistance 1.1360 / 1.1365, or whether the current upward momentum will be used by the market to boost sales. The nearest market support is located in the area 1.1335 / 1.1330 and further in the area of 1.1300. To open longs is now premature, we need to wait for the market to brake through mark 1.1365, as for shorts we are not considering this type of action at all. Also it is necessary to take into account the upcoming Fed meeting on Wednesday, which on the one hand is already taken into account by the market, on the other will affect the activity and the volatility of trading session.

Trading recommendations - longs after quotes consolidates above 1.1365

GBP / USD

The weakness of the US dollar led to some recovery in the British currency. On Monday, GBP / USD approached the first resistance around 1.2660. It should be noted that a downtrend resistance line, an additional technical factor restraining the recovery of the market, supports this level. Of course, the British currency market is oversold, but one should not expect a recovery of this market under current conditions.

Trading recommendations - out of the market

AUD / USD

During the Monday trading session, British currency was able to gain a foothold above the level of 0.7160, thereby confirming our expectations that the market intends to keep above this mark. Support in the 0.7200 zone, a possible overcoming of this mark, will send quotes to the 0.7240 area.

Trading recommendations – longs after fixing above 0.7200

Gold

Equities sale-off supported the gold market and helped the bulls overcome the 1241 mark. Gold is again at the maximum levels 1248. Now support is again in the 1243 area, long positions can only be considered after overcoming 1248 highs, or after rolling back to the first support zone of 1243.

Trading recommendations - buy in the area of 1243 and when consolidating above 1248

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Christmas Fairy Tale

No comments : Posted by Olga Gorinina at 18:39 Labels: about us , company news , promotion , what’s next

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FX TS

No comments : Posted by Olga Gorinina at 12:02 Labels: trading signals

We are at a quiet start in this last full trading week of the year. Market trading conditions will soon deteriorate sharply, and we do not expect a return to normal trading volume until the second week of January. The main economic indicators of the current week are related to trade in the Eurozone and the consumer price index, as well as data on the US housing market.

EUR / USD - the market held in the range of 1.1300-1.1400

On Friday, the main instrument of the FOREX market, EUR / USD currency pair reached a three-week low around 1.1265. Sellers managed to activate stop orders, located under 1.1300 mark, but the market did not succeed to firmly establish itself under this level. The proximity of the weekend and profit taking pulled back quotes higher to a mark 1.1300. Today, in the early European trading session, the pair is trying to break through the first resistance zone 1.1315. Thus, the pair still retains a wide sideway range 1.1265-1.1415 / 1.1430. However, it is too early to do analytical conclusion, the current rollback can be used to resume shorts. Only after overcoming the mark of 1.1360-1.1365 will we be able to talk about the full return of positive sentiment back to the market. Sales at current levels are also quite dangerous, we will be watching the level of 1.1315.

Trading recommendations - out of the market

GBP / USD - negative market sentiment persists

The negative mood in the British currency market persists. During the previous week's trading, the British currency failed to break above 1.2665, and thus the market is trading within a narrow range within 1.2665-1.2480. The market starts the new week in the middle of this range 1. 2590, from where movement can develop in any direction.

Trading recommendations - out of the market

AUD / USD - all attention to the level of 0.7160

The market fell to six-week lows, the zone around 0.7160 mark. This is a fairly strong area, and the bulls are trying to organize a defense zone here. In this area, Fibonacci 61.8 expansion is located from the last growth impulse 0.7020-0.7390. It is still quite difficult to predict how events will develop further, a correctional impulse may form from this level, and in the event of a breakthrough, the market can move into a completely new range. However, given the oversold conditions of Australian dollar, we tend to cautiously open long positions at these levels.

Trading recommendations - purchases in the 0.7160 area

Gold - the market has moved to a new range of 1233-1238

On Friday, the market fell to the first significant support around $ 1,233, creating almost ideal conditions for opening long positions at these levels. We mentioned earlier that in the zone one need to place buy limit orders. On Monday, in early European trading, the market gained to the level of $ 1238. Here the resistance area starts, in the new conditions $ 1238 is a zone of strong resistance. Let's see how events will develop, overcoming this mark will confirm bulls strength in this market. However, with this aim, they may have difficulties, we can see a pullback and a test of the new support around $ 1233.

Trading recommendations – careful longs in the $ 1233 area

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FX TS

No comments : Posted by Olga Gorinina at 12:29 Labels: trading signals

EUR / USD - sellers aim at stops located below 1.1300

The market once again failed to gain a foothold above the significant mark of 1.1360 and after the trading day in this zone, the quotes rushed down again. In early European trading, the pair is trading near the 1.1300 level - the lower limit of the sideway range of 1.1300-1.1430, the market has been in this zone for three weeks. If sellers manage to break through to stop orders concentrated below 1.1360 and activate them, the market will move to 1.1266 and further to the zone of two monthly lows 1.1210.

Trading recommendations - sales when passing the 1.1300 mark

GBP / USD - market uncertainty remains

The market pullback in the middle of the week did not lead to a change in the strategic picture in this market. The market could not overcome the level of 1.2660 - the nearest resistance. At the same time, the political uncertainty around Brexit persists.

Trading recommendations- are out of market

AUD / USD - the market finally broke through the level of 0.7200

On Thursday, there was a sharp and decisive reversal in the Australian dollar market. AUD / USD pair finally broke through the level of 0.7200 and moved to the new price range. Thus, the rising trend momentum was broken by the market. The medium-term outlook for the Australian dollar has changed to a negative trend. Immediate support is in the 0.7260 area.

Trading recommendations - sales

Gold - tests the first support of $ 1238

On Friday, the market continued its moderate decline. The players broke through the local resistance of $ 1241 and dropped to the $ 1238 zone, the main support level. If sellers can activate the stops concentrated here, there is a chance that gold can go to $ 1233 for a short time.

Trading recommendations - purchases in the $ 1238 zone and lower in the $ 1233 area

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Cryptocurrency price dynamics for 12 of December 2018, 12:00 GMT+3

No comments : Posted by Olga Gorinina at 13:51 Labels: Crypto

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FX TS

1 comment : Posted by Olga Gorinina at 11:42 Labels: trading signals

In the foreign exchange market, the trading of the last days are characterized by moving back and forth, as we are approaching the yearly close and the growth of volatility is logical. The US dollar was sold on the expectation that the Fed would weaken the normalization of its policy in 2019, but the market started buying USD dollar again on the background of risk avoidance and a return the trade contradictions between the US and China back to the agenda

EUR / USD

Although we witnessed high trading volatility in EUR / USD market on Tuesday trading session, the situation in this market has not changed much over the past trading day. Technically, there was a tactical interception of the initiative by the sellers, as bulls were dropped from 1.1360 amid political instability in France. However, for three weeks, the pair is trading in the range of 1.1400-1.1305, and only a breakthrough of the strategic support line 1.1300 will mark the change in the mood of this market and the transition from consolidation to more declining dynamics. In this regard, we will observe the level of 1.1300, which is an important level of support, and there are good chances for a rebound from this level in the area of 1.1360. Today session contains important reports that point to the level of inflation in the United States. The consumer price index (CPI) will be published. Eurozone will present data on industrial production.

Trading recommendations – careful longs around 1.1300

Gold

On Friday, the market displayed the maximum level in five months, a mark around $1249. Immediately after that, the market moved to the expected correction, and falling in the course of three sessions, the market dropped to the first local support zone, 1241-1243. The question now is whether the market will be able to stay at this point or will the corrective decline continue to the level around 1238.

Trading recommendations - longs in the area of 1239-1240

GBP / USD

The surge in political uncertainty and Brexit issue has led to strong sales of the British currency and a sharp decline in prices. As a result, 1.2725 support level and then the four-month minimum around 1.2665 were broken. GBP/USD fell to a level of 1.2523, thus moving to a completely new range. Negative sentiment on this market persists, however, the market is now oversold and longs seems somewhat dangerous now. We must wait for a pullback.

Trading recommendations - out of market

AUD / USD

Over the course of three trading sessions, the Australian dollar is trying to return above the 0.7200 mark. This mark was an important support, but now strong resistance. At the same time, the technical prospects of the Australian dollar are complicated by a complex fundamental background.

Trading recommendations – out of the market

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