Fort Financial Services

Monday, 24 September 2018

Weekly trading statistics from FortFS 17.09 - 23.09

No comments : Posted by Olga Gorinina at 13:20 Labels: what’s next

https://www.fortfs.com

Cryptocurrency price dynamics for 24 of September 2018, 12:00 GMT+3

No comments : Posted by Olga Gorinina at 13:16 Labels: Crypto

https://www.fortfs.com

Crypto TS

No comments : Posted by Olga Gorinina at 12:42 Labels: Crypto , trading signals

Bitcoin has approached resistance around $6760

The first session of new week is starting positively for the first crypto currency, for the last weekend bitcoin continued to gain, the market quotes rose to $ 6700, but then corrected after partial fixation of profits. Capitalization of the entire market continued to grow - on Monday, capitalization set an amount around 221 billion dollars. The support level is located in the $ 6500 zone.

Trade recommendations- longs in the $ 6500 support area

Ethereum is starting the new week positively

On Friday there was an interesting event in the crypto market that we want to mention. On Friday for some time, ether lost its title of the second crypto market in term of capitalization. Amid the rapid growth, ripple briefly exceeded the capitalization of ether and took second place in the list. However, profit fixation in Ripple market led to the loss of this position and the market returned to usual list. On Monday Ripple is correcting and declining down to $0.50. As for ether market the new trading session is starting positively. From a technical point of view, ether has approached the strategic resistance zone - the $ 250 area. Support is located in the $ 230 area. This week we expect the accumulation of the necessary volume and more attempts for the storming of the $ 250 zone.

Trade recommendations- longs at current levels

https://www.fortfs.com

FX trading signals

No comments : Posted by Olga Gorinina at 12:34 Labels: trading signals

EUR / USD

The beginning of the new week is very technical in the market of the main currency pair EUR / USD. The trend of USD dollar decline has resumed. On Friday, the players recorded a profit after the impressive growth and pulled quotes lower. The market fell into the zone $ 1.1730, where the support area starts at $ 1.1730- $ 1.1720. The new trading week begins positive as EUR/USD price gained in the area of 1.1759 and continues to grow. In the area of 1.1760 tactical local resistance runs, and the current upward target is located in the zone of the highs of the previous week 1.1795-1.1800.

Trade recommendations- longs at current levels

GBP / USD

On Friday, the market updated local highs in the 1.3300 area. Before the weekend, the players fixed their profits and pulled back the quotes to the area of 1.3050. The beginning of the new trading week is positive, the market is gaining in the zone 1.3120.

Trade recommendations- longs at current levels

AUD / USD

The growth of the Australian currency brought AUD / USD quotes in the area of 0.7300. In this area, a medium-term, downward resistance line passes. Longs seem dangerous in this area. The closest strategic support zone is located in the area of 0.7200. Long positions should be considered only after a pullback into this area (0.7200).

Trading recommendations - buy when the market adjusts into the 0.7200 area

Gold

Friday's fixation of profits pulled back quotes down to the lower zone of the formed side channel $ 1211- $ 1191. The market starts a new week relying on support in the area of $ 1196 - a good springboard for the development of the upward movement.

Trade recommendations- longs at current levels with stops below $1196

https://www.fortfs.com

FOREX TS

No comments : Posted by Olga Gorinina at 13:20 Labels: trading signals

EUR / USD moved into 3-month highs

Yesterday, the main pair of the FX market finally reached the target level of the current upward momentum. On declining USD dollar, EUR / USD hit $ 1.1783 level, but the market closed the day lower at $ 1.1775. The market made a massive possitive candle, which broke through all the resistance lines on the bulls way. Bulls will try to gain a foothold at $ 1.1775 - but can be dropped from this zone. In this case, 1.1765 mark will be the first support zone, then the local support is located in the area 1.1730-1.1715. We need to be careful with the opening of long positions at current levels (1.1775), before the weekend traders can fix part of the profit and pull back the market lower.

Trading recommendations-, we expect a local adjustment before the weekend and remain out of the market

GBP / USD hit a two-month high

Yesterday, the growth of the British currency continued, as GBP / USD market reached the level of 1.3300 - the zone of two-month highs. Already today, the pair is realizing a local pullback; the market has fallen into the 1.3200 area. This is the nearest operational support. However, opening long positions at these levels can be dangerous as there is a correction ahead that may continue to fall into the area of 1.3100.

Trade recommendations- out of the market

AUD / USD showed significant growth this week

On the background of weaker USD dollar, the Australian currency gained in the area of 0.7300. However, US dollar is oversold and on Friday we see the risks of developing a corrective rollback on the dollar index. In this sense, the opening of long positions today can be dangerous as well, shorts in such a strong bull market are much more dangerous so we remain out of the market. The nearest support zone is 0.7250.

Trade recommendations- out of the market

Gold managed to finally gain a foothold above the level of $ 1206

Yesterday, the bulls managed to finally overcome the $ 1206 strategic zone, which is a big victory for the buyers. Now this is a strong support zone for the market. If the bulls can close the trading week above this zone, it will also be a very positive signal for the market. The nearest resistance is the area 1212-1213.

Trading recommendations- careful purchases in the $ 1206 zone

https://www.fortfs.com