Tuesday, 20 November 2018

Weekly trading statistics from FortFS 12.11 - 18.11

No comments : Posted by Olga Gorinina at 11:10 Labels:
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Cryptocurrency price dynamics for 20 of November 2018, 12:00 GMT+3

No comments : Posted by Olga Gorinina at 11:08 Labels:
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Monday, 19 November 2018

FOREX TS

No comments : Posted by Olga Gorinina at 13:08 Labels:
We're back into the new week and market things are off to a quiet in Europe on Monday. Trade tension between the US and China continues to be in global focus and still run high. This is what is going to influence the market agenda throughout the week and we need to watch the issue closely, given the impact on global sentiment and FOREX activity
EUR / USD – displayed strong weekly reversal, tactical goal is around $ 1.1515
The new week starts with the continuing correctional USD dollar weakness, and technically speaking, it might provide some fuel more European currency growth. The situation in this market has changed a lot in recent trading days. On Friday, the market displayed a strong reversal signal - the weekly candle indicates that the bulls confidently seized the initiative and are aimed at achieving their tactical goals. Strategically, the support area $ 1.1300 can still be considered valid, and secondly, the European currency remained within a wide long-term range 1.1300-1.1770. The target of the current upward impulse is the middle zone of the indicated range -$ 1.1515. But before reaching this level, the market must overcome the strong and viscous area of resistance 1.1430-1.1460. Let's see how events will develop, we maintain positive expectations for the European currency. We can expect a pullback from the level of 1.1430, in this case, support area 1.1370 -1.1300, can be interesting for long positions.
Trading recommendations - longs in the area of 1.1370-1.1300
GBP / USD – still can't recover after powerful Sale-off on Thursday
The British currency is still unable to recover from massive sales last Thursday. The pair is located at the bottom of the range 1.2700-1.3290. However, in early European trading, the pound managed to consolidate above the tactical resistance 1.2840 and is trading around Friday's highs in the area of 1.2870. In this situation, any growth in the British currency can be viewed as a corrective pullback and used for more shorts. Resistance is located in area 1.2920.
Trading recommendations - sales in the area of 1.2920
AUD / USD-classic technical reversal took place
As we expected, last week the Australian currency left the range 0.7290-0.7040. The market has designated a classic reversal formation on weekly timeframe. However, the new local maximum, zone 0.7340 is a strong resistance area and there is no reason to wait for the market to pass quickly this level. Support is close and located in the 0.7290 area, and a pullback to this zone can be viewed as an excuse for new long positions.
Trading recommendations - longs in the 0.7290 area
Gold- weekly close above 1215, is a tactical buyers victory
Marked closed the Friday session above 1214-1215 and this is a strong bid for continued growth. Now it is a zone of a strong support area and the nearest bulls rears, they will protect this level at any cost. This allows us to open long positions and join the growth in the event of a pullback. The resistance is located close in the area of 1225 - we think that it will take some time to overcome this zone and during the week we will see several pullback to the area of $ 1214- $ 1215.
Trading recommendations - longs in the area of $ 1214- $ 1215
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Thursday, 15 November 2018

FX TS

No comments : Posted by Olga Gorinina at 13:25 Labels:
EUR / USD
The positive development of the situation with Brexit  influenced not only the British currency, but also the European. It should also be noted that the Brexit news coincided with the technical correction of the US dollar, so the dollar index pulled away from the annual highs and found support in the area of 96.60. Yesterday, the European currency was able to break above 1.1300, now the new tactical support area and resistacne is around 1.1350 zone.
Trading recommendations - out of the market
GBP / USD
The British currency continues to trade volatile amid volatile news background. On Tuesday, the pair returned to the strategic resistance level of 1.3000. However, despite the positive news regarding Brexit, the market decided to sell the British pound. Yesterday, sales increased from the resistance level of 1.3000 - the pair fell to the area of 1.2810. Further decline will lead quotes of this market down to the area of four-month lows - 1.2660 zone.
Trading recommendations - sales
AUD / USD
Support 0.7160 proved to be firm and allowed the Australian currency to maintain positive sentiment. Yesterday, the pair was able to play back all the losses and consolidated into the zone of the recent maximum - zone 0.7280. Overcoming this mark will open the way to the 0.7340 area.
Trading recommendations- longs after pullback
Gold
This week the market fell to a strategic support level $ 1205- $ 1206 and further to the $ 1200 area. As we expected, this zone is of strategic importance to the market and allowed buyers to seize back the initiative. Taking advantage of US dollar weakness , the bulls were able to move quotes up to the new resistance zone around 1215. We do not think that the market will be able to overcome this zone on the move, the immediate support is located in the $ 1,206 zone.
Trading recommendations - longs around $ 1206
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Wednesday, 14 November 2018

FortFS is pleased to announce the launch of the "Welcome Bonus 75 USD" promotion.

2 comments : Posted by Olga Gorinina at 13:53 Labels: , ,


Starting from 14.11.2018 and until 23.11.2018 inclusive the welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.
"Welcome Bonus 75 USD" gives an excellent opportunity for our customers to use all the services of FortFS broker, to test trading strategies and to enjoy Forex trading with maximum comfort and without risking own funds!
To get bonus of 75 USD you just need to:
The bonus will be credited to a trading account automatically!
Terms and conditions of the promotion are available here: https://www.fortfs.com/promotion/promo-actions/welcome-bonus-75
We wish you good luck in trading!

Best regards,
FortFS team

FortFS – Citadel of trading!

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FX TS

No comments : Posted by Olga Gorinina at 12:14 Labels:

EUR / USD
US currency rally led the US dollar index quotes to the highs of 2017, a zone of 97.50 points. After that, a corrective pullback to 96.50 was triggered. This eased the pressure on the European currency. In addition, the achievement of new lows provoked profit taking and short positions close, as a result, the pair grew into the area of recent support 1.1300. We should not expect that the pair will overcome the level of 1.1300 - the transition into a new range is an accomplished long-term fact. Shorts positions is an interesting strategy in the current conditions.
Trading recommendations - shorts
GBP / USD
The British currency continues to trade volatile amid volatile news background. On Tuesday, the pair returned back to the strategic resistance level around 1.3000. Overcoming this level is not an easy task. If successful, the path might move up to the area of recent highs - this is the zone 1.3070 and further 1.3250. In case of a pullback, the market will find support in the area around 1.2940.
Trading recommendations - out of the market
AUD / USD
The Australian dollar marked the highs around 0.7290 zone, after which it switched to decline amid the strengthening of the American dollar. The support is located in the 0.7160 area, from where the last short-term impulse originated, but the growth failed to develop. The pressure on the Australian dollar remains - a breakthrough of 0.7260 eliminates all current applications of the Australian dollar for growth.
Trading recommendations - out of market
Gold
The market fell to a strategic support level around $ 1205- $ 1206 and further to the area of $ 1200. Now it all depends on whether this mark will hold. In the case of increasing pressure and a breakthrough of this zone, the market will move to the level of $ 1,180. However, the bulls have a chance to stop falling on this strong technical mark.
Trading recommendations - out of the market
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Tuesday, 13 November 2018

FX TS

No comments : Posted by Olga Gorinina at 12:35 Labels:
EUR / USD
Pressure on the market persists, and judging by the close of the previous week, in the upcoming five-day week we can see new local minimums for the European currency. So now, in priority we must have shorts. Today, the pair is trading in the support area around $1.1230, a breakthrough of this zone will open the way to the $1.1120 area. Resistance is now around $1.1300.
Trading recommendations - shorts
GBP / USD
The strengthening of the dollar had a strong pressure on the British currency. On Friday, the GBP / USD pair broke through the strategic support of 1.3000, and on Monday the zone 1.2920 was broken as well. However the market decline was halted in the area of 1.2840, after which the pair corrected to the zone of 1.2925. The current situation is not certain - we remain out of the market.
Trading recommendations - out of the market
AUD / USD
The Australian dollar marked the highs in the 0.7290 zone, after which it switched to decline amid the strengthening of the American dollar. Support is located in the area of 0.7190 and further in the area of 0.7160.
Trading recommendations - out of market
Gold
The market fell to a strategic support level of $ 1205- $ 1206 and further to the area of $ 1200. Now it all depends on whether this mark will hold around this psychological level. In the event of increased pressure and a breakthrough of this zone, the market will move to a new range of $ 1,200- $ 1,180. However, the bulls have a chance to stop falling on this strong technical mark.
Trading recommendations - out of the market
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