FxGrow Support

FxGrow Daily Technical Analysis – 24th Nov, 2015 By FxGrow Research & Analysis Team GBPUSD - downtrend returns after the end of simple correction Dollar weakened today after statements of FED members regarding interest rate hikes. Rapid achievement of the inflation target of 2% isn't so sure at this moment and it may influent the rate hikes dynamics. GBPUSD has returned to the main downward trend. All upward movements which took place since November 5 were a simple ABCD correction. That correction was harmonic CD = 61,8% * AB. Supports at levels 1.5250, 1.5120 were broken below. Nearest target of falls is low of November at level 1.5035. After its break next support is at level 1.4970 (April 2015 level). For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 24th Nov, 2015 By FxGrow Research & Analysis Team EURAUD – rebound from level 1.4700 Previous analysis of November 13 gave profit 350 pips. I wrote: "Support at 1.5150 was break below and downward movement is continuing in direction of level 1.5000. After break below support at 1.5000 target of falls will be 1.4730, 1.4400". Actually falls reached to level 1.4700 and yesterday was a rebound. There is a possibility that at current level will be a rebound or even trend reversal because that level is supported by fibo 61,8% of previous upward movement. If rebound will be succeed resistances are at levels: 1.5000, 1.5270, 1.5500. However if support at 1.4700 will be break below nearest supports are at levels 1.4400, 1.4000. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 23rd Nov, 2015 By FxGrow Research & Analysis Team AUDNZD - highest since September 2015 AUDNZD continue its upward rally. In November price increased more than 500 pips. There was a return to consolidation in which price moved from June to October (see orange lines). Today demand has confirmed its strength breaking above resistance at 1.1027 and test of 1.1330 and 1.1440 levels seems to be a matter of time. Break above level 1.1400 give a signal to realization of huge head and shoulders pattern. Range of upward movement which is estimated by distance between head and neck line reaches to level 1.2560. In case of rebound nearest supports are at levels: 1.1027, 1.0950, 1.0880. Time-frame H4: Time-frame W1: For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 23rd Nov, 2015 By FxGrow Research & Analysis Team USDJPY - resistance at level 123.20 is a trouble for demand Since mid-October USDJPY moves in uptrend. This isn't a vertical upward movement, but higher highs and higher lows shows that trend is continue. Since two weeks demand has a problem with break above level at 123.20. Two times such attempt ended as fakey. Positive for the bulls is the fact that declines have stopped already at fibo 38.2% therefore bears do not have yet a lot to say. If resistance at 123.20 will be break above next targets for bulls are at levels: 124.50, 125.20 and 125.85 which is this year's high. After leaving on a new high strong resistance is at level 135.15 which is high from 2002 year. If there was correction, nearest supports are at levels: 122.23, 122.00, 121.45. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 20th Nov, 2015 By FxGrow Research & Analysis Team USDCHF - highest since 2015 Dollar continues its uptrend rally on most of the currency pairs. Interesting situation can be seen at USDCHF, where price reached level in which was last time in the January 2015. Then it was finished by dramatically drop from 1.0230 to 0.7810. Since a month there is a dynamic upward movement without any bigger correction. Currently price reached to resistance and that level should bring declines or maybe even a deeper correction. Strong support levels are at 1.0000, 0.9900, 0.9500. Wider view, time-frame monthly Long-term perspective depends on what level USDCHF will end this month. Since 5 years there wasn't end of the month above 1.0000. If demand will end this month at current levels it will be more likely that upward movement will be continued in the next month. The next strong resistance are at levels: 1.0700, 1.1280. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 20th Nov, 2015 By FxGrow Research & Analysis Team AUDCAD - new upward wave or triple top pattern Previous analysis of November 12 gave a profit more than 100 pips. I wrote: "AUDCAD may test 0.9490. After break above this level target for the demand is at 0.9580, but fast break above is unlikely. If price rebounds, next supports will be located at: 0.9440, 0.9370". So it happened, price after reaching 0.9580 level rebounded and correction lasted a one week. Correction ended 8 pips below level pointed in analysis at 0.9432. Today upward movement reached 0.9600 level. Triple top pattern may complicate breaking above this resistance If it succeeds next target for demand are at levels: 0.9630, 0.9740. A little higher that 0.9740 there is a downtrend line and that level certainly will make rebound and return to main trend which is downtrend. However if there was rebound right now nearest supports are at levels: 0.9490, 0.9440. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 19th Nov, 2015 By FxGrow Research & Analysis Team NZDUSD - dynamic rebound from 0.6430 On Monday NZDUSD broke below support at 0.6500. It seemed that declines may be deeper. However already first support at 0.6430 caused rebound. Currently dollar strengthenes at all of the battlefronts and this wave begun after FOMC minutes which were published on Wednesday. Fundamentally there are no reasons to rebound, because first hike of interest rate may - but do not have to - be during December FED meeting. Therefore this upward movement must be treated as correction as long as last high at 0.6880 is not broke above. Next resistances which may cause declines are at levels: 0.6574, 0.6630, 0.6710. Alternatively if there will be rebound nearest supports are at levels: 0.6500, 0.6430. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 19th Nov, 2015 By FxGrow Research & Analysis Team GBPJPY - on resistance and highest since August 2015 In previous analysis of November 6 I pointed trend line and support which should cause rebound. I wrote: "The trend line was tested for the third time and this time It can be broken. The first target of falls will be the level 184.50". Indeed price reached 184.28 and dynamically rebounded. GBPJPY back to uptrend. Currently price reached to 3-months high and rebounded. The result was an unsuccessful attempt to break through resistance. If decline will be deeper next supports are at levels: 188.00, 187.40, 186.50. At the beginning of November at GBPJPY was a correction to fibo 50% of earlier upward movement. While uptrend line wasn't break below there is more likely back to uptrend. And if it will be and break above level 188.30 will be successful next targets for demand are at levels: 189.60, 191.30, 195.20. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 18th Nov, 2015 By FxGrow Research & Analysis Team GBPPLN - above 6.0000, highest since 2006 In Poland today there was important political event. Prime Minister of the new government Beata Szydło gave expose. Very nervously was at PLN where high were established before that event. Finally, nothing alarming has been said. For example: Reduction of the CIT tax (corporate) to 15% and support for small and medium businesses, nothing about credits in CHF and "development, development, development". After expose there was a slight decline on GBPPLN but in the longer term it moves upward. The correction that took place in August and September was fibo 61.8% of the previous 3-month upward movement. Uptrend can be continued and the next important resistance is much higher at level 6.3500. Alternatively, if current break above 6.0000 will be a fakey (false breakout) and price will return below that level there will be a plenty of supports to break. Nearby: 5.9750, 5.9100, 5.8700. Time-frame D1 Time-frame Monthly For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 18th Nov, 2015 By FxGrow Research & Analysis Team EURJPY - on support and half-year lows On Monday EURJPY reached to a six months low. That level 131.00 is also a strong support. After a failed attempt of break below it there was a rebound which at this moment isn't very successful. If price will rebound harder next resistances are at levels: 133.20, 135.20, 136.50. However if current support will be break below next targets for a demand are at levels: 128.80, 126.70. Wider view, time-frame W1 From the beginning of 2015 EURJPY falls. There is a high probability that in a long term it is a new downward trend. Because of the fact that in years 2012 - 2014 price moved in uptrend and after first wave of falls and reaching fibo 38,2% downtrend wasn't end. Soon there can be a new lows and supports for them are at levels: 127.00, 120.00, 117.50. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 17th Nov, 2015 By FxGrow Research & Analysis Team AUDCHF - trend reversal or only correction? Today AUDCHF reached to 3-months high and also to a resistance. That level made reaction of the price many times this year. If that resistance (price range: 0.7225 - 0.7280) will be break above, next targets of that upward movement are at levels 0.7480, 0.7700. Alternatively if there will be a rebound, nearest support is at 0.7050 (uptrend line from last months) and next supports are at levels: 0.7000, 0.6890, 0.6720, 0.6600. Wider view, time-frame D1 Since 2012 AUDCHF moves in downward trend. Strong price drop was at January 15. After further rebound falls were continued in downward channel. In August the price reached a new low and since that moment new upward movement has begun. Upper limit of downward channel was break above and AUDCHF has a chance for a new upward wave. Next resistances at daily time-frame are covering fibo levels. Only break above level 0.7700 give a chance that current movement is a new trend. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 17th Nov, 2015 By FxGrow Research & Analysis Team EURUSD - new week, new low Last week EURUSD achieved low at level 1.0674 and price rebounded. Traders expected stronger rebound, but that didn't happen. Rebound stopped after two days at level 0.0820 which was the nearest resistance. Since the beginning of the week supply strengthened the bearish pressure and support at level 1.0700 was broken. New 7-months low was established. Nearest weak support is level 1.0570. Strong support which can stop falls for a longer time is at level 1.0480. Test of that level is only a matter of time. Since a month EURUSD moves only in one direction and for the last two weeks there is a small volatility. Nearest macro data which may result in a higher volatility is: today's consumer inflation and tomorrow's FOMC minutes. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 16th Nov, 2015 By FxGrow Research & Analysis Team USDCAD - near 11-years high In analysis of October 27 I pointed levels where price goes. I wrote: "Nearest target of upward movement there are two levels of 1.3215 and 1.3350. After its break above uptrend may continue". Today the price reached level 1.3350 which is 1,5 month high. If bulls will continue upward movement next resistances are at levels: 1.3430, 1.3470. The second level is at 11-years high. Alternatively if there was a rebound the next supports are at levels: 1.3300, 1.3230, 1.3180. In the long term USDCAD moves in an uptrend since 2011, for this reason more likely is a new high than serious downward movement. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 16th Nov, 2015 By FxGrow Research & Analysis Team EURGBP - on the 3-months low Since mid-October EURGBP moves in a downward trend. Trend is set by downtrend line led after the highs. Currently this trend line is at the level 0.7100. Today morning support was break below for a short time at the level 0.7040. This level stopped the declines for a two weeks. After this fakey price dynamically rebounded to 0.7100. On EURGBP there is a downtrend in the force what was today confirmed by another new low. Only after permanent break above level 0.7100 traders can think about trend reversal. More likely is rebound and further declines with the test of strong support at level 0.6940. Before that test supply must break below two weaker supports 0.7040 and 0.6980. Since February 2015 EURGBP moves between levels 0.7480 - 0.6940 therefore test of support at 0.6940 should reach rebound and short-term uptrend movement. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 13th Nov, 2015 By FxGrow Research & Analysis Team AUDNZD - break above resistance at 1.0900 On October 30 AUDNZD reached low at 1.0496, since then the price moves in an upward trend. Upward movement has been corrected in previous days of 38,2% which is a basic Fibonacci level. Currently price is trying to return to uptrend. AUDNZD reached to a strong resistance. So rapid break above should be unsuccessful. By four months before that resistance at 1.0900 has stopped falls. This resistance is reinforced by fibo 50% of downward movement from the period of September - October 2015. If there will be a rebound falls should reach the level of 1.0730. If break above 1.0900 proves successful the next resistance level is 1.0980. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 13th Nov, 2015 By FxGrow Research & Analysis Team EURAUD - movement in direction of 1.5000 In analysis of October 27 I pointed impending correction and further return to decline. I wrote: "At the moment rebound may appear near 1.5420. After that there should be a continuation of falls". There have been a rebound that was even stronger because it reached 1.5576, then returned to the EURAUD decline. Today support at 1.5150 was break below and downward movement is continuing in direction of level 1.5000. This support has a chance to cause rebound, if it happened target of upward movement will be first 1.5150 and second 1.5285. After break below support at 1.5000 target of falls will be 1.4730, 1.4400. On level 1.4780 is fibo 61,8% of upward movement which lasted from April to August of 2015. Therefore levels 1.4730 - 1.4780 give a chance to finish the current declines. Time-frame H1 Time-frame D1 For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 12th Nov, 2015 By FxGrow Research & Analysis Team USDNOK - on 13-years high Today USDNOK reached 13-years high. It happened thanks to break above resistance at 8.6000 which took place last week. Demand couldn't break above that level in October. The next strong resistances that can stop the current upward movement are at levels of 9.2000, 9.6200. Alternatively if correction start, nearest supports level are at 8.6000, 8.4300. Wider view, time-frame Monthly USDNOK moves almost in vertical uptrend since 2013. During this time the price has appreciated from level 5.4350 to 8.7100. Correction which was in second Quarter of 2015 reached only fibo 38,2% and upward movement continues. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 12th Nov, 2015 By FxGrow Research & Analysis Team AUDCAD - dynamic upward movement reached Fibo 61,8% AUDCAD moved very dynamically this morning. One 5 minute upward candle was 80 pips long. During this movement price break above resistance at 0.9440 and reached Fibo 61,8% level of last downward impulse. However before correction and potential falls, AUDCAD may test 0.9490. After break above this level target for the demand is at 0.9580, but fast break above is unlikely. If price rebounds, next supports will be located at: 0.9440, 0.9370, 0.9290. Wider view, time-frame W1 From September 2015 bottom (0.9150) AUDCAD moves in a weak uptrend. However in a long term since 2012 when price was at 1.0785 it constantly falls, forming lower highs and lower lows. Therefore, in the long term new lows are more likely than a trend change. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 11th Nov, 2015 By FxGrow Research & Analysis Team NZDUSD double bottom on support 0.6500 Last analysis of October 29 gave earn 160 pips. I wrote: "Last year on NZDUSD is a downtrend. Currently rebound reached to level fibo 38.2% and with strong trend price may now return to the declines" and "In the near future it is likely the second test of this support, and if the bears will be strong enough support will be broken below and falls may reach to the level of 0.6500". For 4 days volatility is weaker on NZDUSD. Bulls will buy through the formation double bottom (shown on H4). However, the current consolidation is more likely to continue to fall, and rebound may be shallow. Due to the fact that the dollar strengthened against most currencies, and so far there is no indication that this trend was reversed. If support at 0.6500 will be broken next targets of falls are at levels 0.6240, 0.6015. Alternatively if rebound will be strong enough next strong resistances are at levels: 0.6630, 0.6710, 0.6900. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 10th Nov, 2015 By FxGrow Research & Analysis Team EURUSD - below level 1.0700 Since almost one moth EURUSD moves in a dynamic downtrend. During this time price fell 800 pips and there wasn't any correction. Falls are still supported by divergent behavior of a central banks. The European ECB intends to further ease the monetary policy, while US FED is more hawkish and perhaps as early as next month will raise interest rates first time in a decade. Today EURUSD break below low from last week which was the support at level 1.0710. Testing this year low at 1.0460 seems to be a matter of time. If price rebounds earlier, the closest resistances will be at levels: 1.0710, 1.0790. Time-frame M30 Time-frame W1 For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 10th Nov, 2015 By FxGrow Research & Analysis Team EURCAD - broken below uptrend line Since the top of the August 24 which EURCAD established at level 1.5560 continues the downward movement. At the level 1.4480 broke below was first support and already 60 pips below also the uptrend line that lasted from April 2015. Declines have been stopped on the support, which is located in the area of 1.4200 - 1.4160. If this support will be break below downward movement should be very dynamic and will amount a minimum of 400 pips. The next support levels are located at: 1.3800, 1,3760, 1.3400, 1.3000. If upward movement will return the most difficult resistance for the demand will be at the level 1.4480. There is resistance and earlier uptrend line. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 09th Nov, 2015 By FxGrow Research & Analysis Team EURJPY - consolidation before further declines In analysis from October 29 I pointed that rebound which just started could be very weak. I wrote: "there is a rebound that may reach 133.15 and 134.00. Only moving back above the 133.15 and next to 135.00 give a chance of further EURJPY upward movement". And indeed the demand was trying to break above indicated resistance. Price reached 133.38 and there was a quick supply counterattack and last six months low has been deepened again. In the coming days it is more likely that the price will move in the consolidation between the levels of 131.50 - 133.30. And next wave of falls after break below the lower limit of that consolidation. The European Central Bank seems very determined to weaken the euro. Falls can be noticeable on most currency pairs with the euro. If level 131.50 breaks, target of next falls is at 126.00 which is a 2015 low (showed on the D1 TF chart). Time-frame H1 Time-frame D1 For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 09th Nov, 2015 By FxGrow Research & Analysis Team USDJPY - the 2-months correction approaching to end A very interesting situation on USDJPY. Since 2012, the price is in an uptrend. In June 2015 reached a high on 125.85 and a correction has started which lasted more than two months. Price moves in consolidation between the levels of 118.20 - 121.65. In last week was break above from pointed consolidation (such scenario I assumed in analysis at the beginning of November entitled: "correction may be already finished"). Today the price confirmed break above resistance at level 123.20 and upward movement continues. Next targets for demand are 124.50, 125.20 and 125.85 which is this year's high. After leaving on a new high strong resistance is at level 135.15 which is high from 2002 year. If there was correction of recent upward movement and price falls below levels 123.20 - 123.00 the nearest support that should cause rebound is at 122.00. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 06th Nov, 2015 By FxGrow Research & Analysis Team GBPUSD - macro data caused six-months low Yesterday dovish Bank Of England caused a breach of channel's low in which the price moved. Today's US non farm payrolls and employment data confirmed falls and after that GBPUSD break below first important support at 1.5100. Unemployment has fallen to 5%, which was one of the task of the FED. At this moment probability of the first rate hike in the US in December increased. The first level, which may cause rebound is 1.4980. Next support is 1.4800 and the next one is low of 2015 at 1.4560. When we take a look at weekly interval, the situation is even more serious. Since the beginning of the year upward movement took form of flag, which suggests a continuation of previous trend. If price couldn't get back inside the flag, this year's lows will be under pressure of sellers. Upward movement, which took place from the beginning of the year, got the form of flag, which promises a continuation of the previous trend. If price cannot quickly get back inside the flag, then this year lows will find themselves under sellers pressure. Time-frame D1 Time-frame W1 For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 06th Nov, 2015 By FxGrow Research & Analysis Team GBPJPY on October's trendline Analysis from October 28 was wery profitable. I wrote: "Today's demand is testing resistance at 184.50. If break above will be successful next resistances are on levels 186.00, 187.50. Move higher than 187.50 may be difficult and there is little chance that this will happen soon". Indeed price reached 187.68 and rebounded. Downward movement was dynamic. Falls stopped below support on uptrend line which can be determined at the October lows. The line was tested for the third time and this time It can be broken. The first target of falls will be the level 184.50. If the downward movement will proceed its main target is the level of 180.50, and before there are: 183.90 182.50. Alternatively, if rebound occurs price once again will move towards 187.50. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.