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FxGrow Daily Technical Analysis – 05th Nov, 2015 By FxGrow Research & Analysis Team USDTRY attempt to keep above uptrend line A lot of volatility as a result of the political turmoil in the currency pairs with the Turkish lira. On Sunday, the party supported by currently president won the elections, at the end it was not certain. As a result of this uncertainty on USDTRY Monday's session began with a gap of 900 pips down. This resulted with braking below the uptrend line. Price is already 2,000 pips below the September's high. However, the situation is still open. Recent declines can be considered only as a correction if the price returns to upward movement. The first task for the bulls is closing the gap from Monday and break above the level of 2.9600. In the case of falls continuation and break below trend line, supports are on levels 2.8060 and 2.7550 which is a November's minimum. Breakout of indicated resistance will signal the start of a larger correction, and maybe even the 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 – 05th Nov, 2015 By FxGrow Research & Analysis Team AUDCAD - double top caused declines In October there was an attempt of break above resistance at 0.9510. It succeeded twice, but each time dynamic downward movement followed. Finally a double top formation appeared and caused declines. Since the beginning of November there is a retracement, which reached 50% fibo level of the last downward movement. In the nearest future price may persist between the levels 0.9290 - 0.9490. If the resistance at 0.9490 will be broken, target of upward movement will be 0.9580. If level 0.9290 will be broken, target of downward movement will be at 0.9250. Wider view, time-frame W1 Since almost 2 years AUDCAD moves in a downward channel. In August there was a test of lower limit of that channel and rebound. That movement has reached to the mid-channel. If there will be a strong upward movement, then it will aim 0.9750 which is the upper limit of the downward channel and resistance. If the falls will return, their first target will be at the level 0.9160, and after break below the next one at 0.9070 - which is a lower limit of the downward channel. 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 – 04th Nov, 2015 By FxGrow Research & Analysis Team EURUSD 3-months low Since October 15 the price moves in a dynamic downward trend. In the less than three weeks EURUSD made a downward movement over 600 pips. After breaking below the support at level 0.1080 price returned to this level. That move only confirmed that the indicated level has now become resistance and downward movement continues. Currently there is only a matter of time, when support will be tested at level 1.0810. Because the current downward movement hasn't been corrected yet, so it is very likely that price will rebound there. Rebound will be able to reach 1.1080, which is a significant resistance and will be strengthened by 38.2% fibo level. If the downward movement will break below indicated support, next declines targets are on levels: 1.0715, 1.0660, 1.0520, 1.0460. 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 – 04th Nov, 2015 By FxGrow Research & Analysis Team EURGBP moves towards 0.6940 In the previous analysis, I wrote: "If support at 0.7200 has been permanently broken the goal of falls will be the level of 0.6940. Along the way supply will have to deal with supports: 0.7165, 0.7090, 0.7035". And so it happened since February 2015 EURGBP moves in consolidation between the levels 0.7480 - 0.6940. After testing the upper limit of this consolidation in mid-October now falls should reach to the lower limit. The nearest support is at 0.7040. If there was a rebound it should be stopped at the level of 0.7165. There is a downward trend line and the nearest major resistance. Time-frame H4: 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 – 03rd Nov, 2015 By FxGrow Research & Analysis Team USDJPY - correction may be already finished Previous analysis of October 26 proved to be extremely profitable. In one day, the price reached the indicated level, giving a profit of over 800 pips. In analysis entitled "correction uptrend rally" I wrote: "Currently falls should reach at least around 120.00 - 120.30, there is a basic fibo level 38.2%." After reaching the indicated retracement, price began upward movement, which tested October high. At the moment everything depends on constans breaking the resistance at 121.45. If it succeeds, USDJPY will return to the main trend and the upward movement will be continued. The next targets will be at the levels: 122.00, 123.00, 124.50, 125.20. Alternatively, if there were declines and the price went down below 120.00, targets for bears would be the levels of 119.60, 119.15, 118.20. 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 – 03rd Nov, 2015 By FxGrow Research & Analysis Team AUDUSD tests the upper limit of the downward channel Today there was a test of the upper limit of the downward channel. Since October 12 the channel is forming, when an attack on the resistance level of 0.7370 has failed. At the moment there should be some attempts to keep the price near level 0.7200. And next an approach to break above the upper limit of the channel. If that attack succeeds the near resistances will be located at levels 0.7290, 0.7370. If the bulls show a weakness, price will move toward the lower limit of the downward channel. The next supports can be found at levels: 0.7110, 0.7070, 0.7030, 0.6940. Wider view, time-frame W1 At weekly intervals price also moves in a downward channel. Price is "stuck" to the upper limit. On AUDUSD we see a valid downward trend and only break above the level of 0.8100 will give a real chance to reverse current momentum. Now a movement towards the YTD lows at 0.6900 are more likely. 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.

Daily Market Analysis – 29th Sept, 2015 By FxGrow Research & Analysis Team Stocks fall on weak Chinese data In China Industrial profits dropped 8.8% last month, showing the world’s biggest consumer of commodities is struggling with excess capacity, sluggish investment and weaker manufacturing, according to data released by China’s National Bureau of Statistics. Following the weak Chinese data Major Stock indexes ended in loss yesterday. The S&P 500 and NASDAQ finished modestly in the red and strong gains for Nike (NKE) keeping the Dow Jones in the black. Euro climbed up against the US Dollar and is presently trading at 1.1277 in the European trading session today. In China a combination of lower sales, higher costs and weak prices as a result of soft demand has been weighing on the manufacturing sector’s earnings power. The pressure is particularly notable in the mining sector, offsetting modest gains elsewhere. China and the Fed have been the market’s primary pre-occupations lately, and this report adds to those worries. The Australian dollar has fallen after weak Chinese industrial data added to evidence that the Chinese economy is slowing down. AUDUSD is trading at 0.6949 in the European trading session. European stocks also declined on Monday as more disappointing Chinese data and downbeat analyst comment weighed on the stocks. London's benchmark FTSE 100 index ended the day down 2.46 per cent to 5,958.86 points compared with Friday's close. In the Eurozone, Frankfurt's DAX 30 finished 2.12 per cent lower at 9,483.55 points and the Paris CAC 40 plunged 2.76 per cent to 4,357.05. "Both the Australian and Canadian dollars fell sharply today as profits fell by the largest amount in four years. Earnings in the resource sector have been hit particularly hard and this put additional pressure on commodity prices. There are major economic headwinds in China and this will limit growth in countries that rely on Chinese demand" - BK Asset Management. In the US, New York Fed President William Dudley noted that the Fed is still on track to increase interest rates in this year. He, however, stressed that the decision would be depend on the health of US economy and financial conditions, as well as global economic development. In an interview with Wall Street Journal, Dudley suggested that "if the economy continues on the same trajectory it’s on…and everything else suggests that’s likely to continue…then there is a pretty strong case for lifting off". "I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system. Given the progress we've made and continue to make on our goals, I view the next appropriate step as gradually raising interest rates, most likely starting sometime later this year" - San Francisco Fed President John Williams. Crude oil is trading lower at $44.43 ahead of the estimates of U.S. crude stockpiles report. Gold is trading lower in the Europe at 1127.87, while Silver is weak at 14.54 29th Sept 2015 – 06:42hrs GMT Open a live account to receive free daily technical analysis, access the research platform & much more advantages from 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 – 28th Sept, 2015 By FxGrow Research & Analysis Team USDJPY – fake triangle breakout Last Friday the price broke above upper arm of the triangle and investors expected further upward movement that are consistent with the long-term trend in USDJPY. That's not happened, and even the first week resistance had stopped upward move and activate downward rebound. On Friday, the bulls tried to rebound from the upper limit of the triangle (at the chart it would confirm the successfully breakout). However today bears have taken control and USDJPY moved back to the center of the triangle reaching the level of 120.00. A similar situation occurred today on EURGBP, where such a false breakout resulted in a proper breakout in the opposite direction. It is not excluded that same exact scenario will be seen on USDJPY. Currently, we should observe in which direction the proper breakout will go. If above, the next resistances are at 121.20 and 122.00. If below, the next supports are at levels: 119.10, 118.50, 116.20. 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 – 28th Sept, 2015 By FxGrow Research & Analysis Team EURGBP - the appropriate breakout of the triangle up On September 21 was a break below the triangle. However already the first support on 0.7200 mobilized bulls to buy and on next day there was a return to inside the triangle. Using the situation that on chart is formation fakey (false breakout) the bulls were attempted broke above the triangle. It was successful. Upward movement has been stopped at 0.7400 and currently the price is moving between the triangle and resistance. If break above the level 0.7400 will be successful the next target of upward movement is 0.7480. However, if bulls show the weakness the price should return to inside the triangle again. Wider view, interval W1 Since 2009 EURGBP moves in a downtrend. In this time price has fallen from 0.9800 to 0.6940. Currently rebound is in progress and move up abolished only 23.6% of the last downward movement. Level 0.7650 could be tested which is 38.2% fibo. Earlier, the bulls will have to deal with some resistance: 0.7480, 0.7550, 0.7590. The strongest of the indicated resistance will be 0.7550, which marks the downward trendline. 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 Sept, 2015 By FxGrow Research & Analysis Team AUDNZD - a trend reversal or just a corrective rebound? Since 4 months AUDNZD moves in a consolidation between 1.0900 and 1.1430. On August 24 there was a dynamic upward movement. Within a 30 minutes candle price moves up and fall about 900 pips. Since then the price has reduced the range of its movement. Right now it moves in the consolidation between 1.0900 and 1.1340. AUDNZD now rebounded from the resistance at the indicated level and is heading 1.0900. Wider view, interval W1 Since 5 years AUDNZD moves in a downward trend but the minimum, which took place at the beginning of April this year, begins to indicate a possibility of trend reversal. Direction of breakout from flag will be very important. Flag is a pattern of trend continuation and it should be break above. Break above will give a chance even to trend reversal. However, if the flag breaks below, then this whole movement will take the form of a rebound and AUD/NZD will come back to the main trend (the downward one). 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 Sept, 2015 By FxGrow Research & Analysis Team EURGBP breakout of the triangle with a range of 0.7060 decline For a month EURGBP moves in a shape of downward triangle. This formation promises falls and it is in line with long-term downward trend. On Monday there was a break below of the triangle after a longer test of the level 0.7240. Support came to help bulls, which is located at the 0.7210 level. There was a rebound and return to the interior of the triangle. If the rebound will be successful it may test level 0.7340, which is the top of the triangle. However, if in the near future the bulls will press harder break below the triangle will become a fact. Range of the falls will be equal to the height of formation. The target level after breaking the triangle will be 0.7060. Before that, supply will have to deal with more supports: 0.7210, 0.7160, 0.7100, 07040. Alternatively, if the triangle has been break above a nearest resistance is 0.7390. 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.

Daily Market Analysis – 23rd Sept, 2015 By FxGrow Research & Analysis Team China manufacturing PMI falls to lowest in more than 6 years Activity in China's manufacturing sector unexpectedly shrank to a 6½-year low in September, indicating a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets. The preliminary Markit China Manufacturing Purchasing Managers' Index (PMI) fell to 47.0 in September, the worst since March 2009 and below market expectations of 47.5 and August's final 47.3. Levels below 50 signify a contraction. Global investors and policymakers are on edge over China after the U.S. central bank last week held off from raising interest rates, saying it was unsure if international problems and China's slowdown in particular, will hurt the U.S. recovery - Reuters. "The weaker-than-expected PMI suggested domestic and external demand remained sluggish. It's almost certain China's economic growth will slide below 7 percent in the second half of this year" - Minsheng Securities. "The principle reason for the weakening of manufacturing is tied to previous changes in factors related to external demand and prices" - Chief economist at Caixin Insight Group. "Fiscal expenditures surged in August, pointing to stronger government efforts on the fiscal policy front. Patience may be needed for policies designed to promote stabilization to demonstrate their effectiveness" - Chief economist at Caixin Insight Group. The Asian Development Bank has cut its estimate for China's growth to 6.8 percent for 2015. It expects the growth rate of the world's second largest economy will fall to 6.7 percent in 2016. Mario Draghi, European Central Bank President, will speak on monetary policy before the European Parliament’s Economic and Monetary Committee providing insight into whether the central bank is contemplating expanding its bond buying and if so, when. The Eurozone continues to experience extremely low levels of inflation and unemployment is very high. The UK manufacturing sector growth stalled for the first time in more than two years, with a stronger Pound and weak exports weighing on the sector's margins and volumes. The trade surplus in Switzerland contracted in August, as the strength of the Swiss Franc hit demand in the European Union and China. Crude oil is trading higher at $46.80 as market survey points to fall of crude oil stocks. Gold is trading lower in the Europe at 1127.06, while Silver is up at 14.79 23rd Sept 2015 – 09:00hrs GMT 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 – 22nd Sept, 2015 By FxGrow Research & Analysis Team USDCAD – false break of consolidation lower limit An interesting situation in the USDCAD. For a month price moved in the consolidation between resistance 1.3320 and support 1.3130. Last Friday there was an attempt to break below the support that lead the price to the level 1.3010. On that support bulls returned to the game. On the daily chart a long lower shadow appeared and USDCAD returned to the consolidation range. Currently, the price is moving to the upper limit of consolidation on the level 1.3320. It is worth to note, that the USDCAD moves in a long-term uptrend, and often false breakout from the consolidation in one direction ends with a proper breakout in the opposite direction. If such situation will take place it will follow the main trend. A minimum target of upward movement is a level 1.3800. 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 – 22nd Sept, 2015 By FxGrow Research & Analysis Team EURUSD rebound from the resistance, target of falls 1.1090 Last Thursday EURUSD has reached to 1.1460 and that level cause rebound. The first support, which could stop the descent was the level of 1.1214 but bears broke below it. Another support which price is aiming is around 1.1145 - 1.1135. If the price reaches to that area and it will be breaking the next target of falls will be 1.1090. Since Thursday EURUSD also moves in a steep downward channel which reflects well on the strength of bears. Wider view, interval D1 In 2015 EURUSD moves in the consolidation between the levels 1.1460 - 1.0460. Indicated top was a false break only for a while in August. And indicated bottom has been tested only once in March and in the following months the price stopped already at higher levels. The last important support is 1.0815. 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.

Daily Market Analysis – 22nd Sept, 2015 By FxGrow Research & Analysis Team Chinese economy weaker, but far from collapse In China economy is not as weak as it looks according to a survey done by a New York research group. In a report published by the CBB International in the aftermath of the Stock market plunge in China and its currency devaluation Capital expenditure has rebounded and services sector is showing signs of growth. "Perceptions of China may be more thoroughly divorced from facts on the ground than at any time in our nearly five years of surveying the economy” - CBB President Leland Miller. “Global sentiment on China has veered sharply bearish — too bearish. While we have long cautioned clients against relying on rosy official views of the Chinese economy, we believe sentiment has swung substantially too far in the opposite direction” - CBB President Leland Miller. "The best situation for most economies is stable and low inflation. China appears to be enjoying exactly that, notwithstanding the widespread fear of deflation” - CBB International. Asian shares rose on Tuesday and the dollar held steady as U.S. markets bounced back and the European Central Bank said it was prepared to ease monetary policy further - Reuters. European markets are seen steady, with financial spread betters expecting Britain's FTSE 100 (FTSE) and France's CAC 40 (FCHI) to open flat and Germany's DAX (GDAXI) to start the day up 0.1 percent - Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) was up 0.4 percent at 0039 EDT. Australia (AXJO) advanced 0.3 percent and South Korea (KS11) almost 1 percent, but most Southeast Asian markets retreated. Japanese markets are shut through Wednesday - Reuters. In Switzerland’s trade balance fell to 2.869B, from 3.579B in the preceding month according to a report released by the Federal Statistical Office. Global investors are awaiting Septembers Manufacturing PMI data from China and Europe today as markets in Japan are closed for the next three days. European Central Bank and Bank of Japan dovish bias is expected to provide support to the markets. If ECB will extend its QE program beyond September 2016 EUR will come under pressure and slip below 1.1000 Crude oil is trading higher at $46.01 as investors are waiting for the weekly stockpiles report. Gold is trading higher in the Europe at 1135.02, while Silver is up at 15.22 22nd Sept 2015 – 07:34hrs GMT 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 – 21st Sept, 2015 By FxGrow Research & Analysis Team USDJPY waiting for the triangle breakout Since one month USDJPY moves in the triangle formation. Its range of movement is clearly slowing down. Therefore, the breakout of the triangle in one direction will bring dynamic movement. Currently, the lower arm of the triangle is 119.20, and the upper arm 120.90. If the lower arm of the triangle breaks below, downward movement will lead price to 118.30. If that support also will not stop the falls the next target of downward move is the August minimum at 116.10. However, if bulls break above the upper arm of the triangle the next levels of resistance will be located at 122.00 and 125.20. Successfull break above that levels will confirm that the correction on USDJPY has now been completed and the price goes back to the uptrend. Wider view, interval W1 Since 2011 USDJPY moves in upward trend. At this time bears failed to correct upward movement even on the smallest Fibonacci level of 23.6%. If falls finally comes, level 114.00 which is 23.6% fibo will be the first target. 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 – 21st Sept, 2015 By FxGrow Research & Analysis Team EURAUD - breakout from the consolidation will indicate the direction of movement Since last week EURAUD can't go away from the level of 1.5770. The downward movement stops at support 1.5660, and move up stops at resistance 1.5940. Dynamic upward candle, which took place on Thursday after the Fed decision also does not help with consolidation breakout. If break below that consolidation will be successfully next support on 1.5600 has a chance to cause a rebound. On the other hand, the break above resistance 1.5940 will take price first to 1.6160 and next to 1.6600. Wider view, interval W1 At weekly interval we can indicate another significant levels. After breaking down the 1.5600 level, the downward movement may reduce price to 1.3800. But break above the level 1.6600 will bring the price to 1.7400. 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.

Daily Market Analysis – 21st Sept, 2015 By FxGrow Research & Analysis Team Greek Elections - Alexis Tsipras secures clear victory Alexis Tsipras’s has secured a clear victory in Sunday’s Greek general election, with more than 90 percent of the votes counted. Syriza party got 35.5 per cent of the vote, giving it 145 seats in the 300 member parliament, well ahead of the conservative New Democracy party which is on 75 seats. This is the third time Greeks have voted this year after the January elections which saw Alexis Tsipras coming to power, a referendum in July which was to reject the reform proposals of its European creditors and this time. Turnout in this poll was just over 55%, down from 63% in January and low by Greek standards. "This result does not belong to Syriza. This result belongs to the working classes of this country, the people who fight for a better tomorrow, who dream of a better tomorrow and this is something that we will achieve through a lot of hard work" - Alexis Tsipras. "The mandate that the Greek people have given is a crystal clear mandate to get rid of the regime of corruption and vested issues. We will show how effective we will be. We will make Greece a stronger place for the weak and vulnerable, a fairer place" - Alexis Tsipras. Eurozone officials have welcomed the re-election of Mr. Tsipras as the PM of the country after he secured third bail-out deal for Greece in five years. "Now a solid government ready to deliver is needed quickly" - President of the European parliament, German Martin Schulz. "From Monday, we are ready to collaborate to implement the programme to reform the Greek economy" - Italy's La Stampa. "Given how challenging the bail-out agenda is between now and year-end, a return of the previous coalition isn't great news" - Mujtaba Rahman, head of Europe practice at the Eurasia Group. US Dollar has staged a strong recovery post FOMC after Fed decided to keep its interest rates unchanged. Fed showed increasing concerns over the negative impacts of the recent global financial market volatility, as well as rapid slowdown in China and other emerging markets, on growth and inflation outlook. EURUSD is trading at 1.1310 in the early Asian trading session while USDCHF is stable at 0.9683 Asian Stocks have dropped on Monday as a ripple effect of the Fed's decisions to hold its interest rates. Investors are worried about the strength of the Chinese economy. Hong Kong's Hang Seng index dropped 1.39% to 21,638.22 points shortly after the opening bell, while mainland China's benchmark Shanghai Composite fell 0.64% to 3,077.97 points. The Australian S&P/ASX 200 index dropped 2.44% to 5,044.40 points in Sydney, with almost all 200 stocks on the index trading lower for the day. Crude oil is trading lower at $45.03 amid ongoing concerns over sluggish global growth. Gold is trading higher in the Europe at 1137.24, while Silver is stable at 15.11 21st Sept 2015 – 03:53hrs GMT 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.

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FxGrow Daily Technical Analysis – 18th Sept, 2015 By FxGrow Research & Analysis Team NZDUSD - Bulls on the offensive, the target of upward movement is 0.6700 Thursday's Fed meeting turned out to be very negative for the dollar bulls. At NZDUSD shortly after the FED's decision followed attempt of break above resistance at the level 0.6400. The attempt proved to be false and the price returned creating a false breakout on the chart. The dollar weakened today to the main currencies EURUSD has exceeded 1.1400, GBPUSD went over 1.5600. Also on NZDUSD bulls decided to try attacking again on yesterday's resistance. At this moment, the resistance has been broken above and we should see upward move to 0.6500 level, and this area should appear of correction. When it appears it could bring price to re-test of resistance at 0.6400, a level which has now become the new support. If level 0.65 will be also break above, it will open the road to a level 0.6700, which should stop upward movement for a longer time. Wider perspective Since the middle of 2014 NZDUSD is in a downward trend therefore the current rally still should be regarded as a rebound. 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 Sept, 2015 By FxGrow Research & Analysis Team AUDJPY in consolidation, nearest resistance could be a chance for a short After August decreases – which culminated on August 24th – price finally rebounded. Rebound reached 50% Fibonacci retracement of last downward move, then AUDJPY returned to falls. That bottom at 82.10 with an accuracy of 2 pips confirmed its strength as a support. Price approached the resistance of the last 3 weeks. If bears takes the initiative near 87.25 the further test of August's minimum will be possible. However if an attack on the resistance succeeds the next resistances will be on 89.40, 92.40. Wider view, time-frame W1 In the long term since mid-2009 AUDJPY moves between levels 72 - 104. Last year after getting closer to the upper limit of this range falls occurred. Since then the price moves in a downward channel, the lower limit has been tested in early September. If the bears will take the control now a bottom of 2015 can be deepened. Alternatively, if the bulls shows strength upward move can reach 92.00 in the long term. 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 Sept, 2015 By FxGrow Research & Analysis Team GBPCAD - the bulls are not giving up Since beginning of August GBPCAD move up 500 pips from the bottom and it is moving in the upward channel. On Thursday upward movement was stopped on the resistance 2.0530. However bulls could break it soon. Upward movement may take place in the channel and bring the price to the August high on 2.0900. Alternatively, if the move up are not continued the supports for the bulls will be at the levels 2.0260 and 2.0030. Wider view, interval monthly Since 2013 GBPCAD moves in upward trend. The next resistance were broke by bulls with success. Last month, the price reached to the next significant resistance at 2.0900 and on the monthly chart appeared downward candle with a long upper shadow. Bulls are not surrending, and after almost three weeks of September recovered half of August candle. Too fast attempt to break through this resistance may end with deeper correction. So the best thing that bulls may do is to wait on the consolidation below the resistance. 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 Sept, 2015 By FxGrow Research & Analysis Team USDTRY - level 3.0000 may cause a correction? An interesting situation on USDTRY (US dollar to Turkish lira). Price is in impressive upward trend since 2010. At the beginning of September level of 3.00000 was broke above and many investors became interested. Because since two years, there wasn't a bigger correction. For now, at such a strong uptrend short positions would be risky, but USDTRY is worth of attention. The nearest resistance is at 3.07000. Close support is 3.00000, and after it has been broken below the next support level is on 2.90000. The second support also reinforces the 38,2% Fibonacci retracement of last upward move. However only break below the next support which means fall below the 2.80000 will be a warning of USDTRY deeper correction. The last pointed level is also the 61,8% Fibonacci retracement of last upward move. 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 – 16th Sept, 2015 By FxGrow Research & Analysis Team EURGBP - weakened bulls and fundamentals confirm the possibility of falls Since three weeks price moves in consolidation. Near resistance, which stops the upward movement is on 0.7400. Resistance was tested two times, so the third time also should be failed. The nearest support level is 0.7240, and its break below will cause the price movement to 0.7160. Last rebound from the support was not as strong as the previous one. This suggests that the bulls are weakening. Wider view W1 Since 2013 EURGBP fall from 0.8765 to 0.7000 in August 2015. This year the falls slowed, from January price moves in the channel. Fundamentally, the euro should continue to weaken because of the divergent policies of central banks. The Bank of England is on the way to interest rate hike. While the European Central Bank is in the middle of monetary policy easing program. For this reason, we are now seeing rather sorth pause of falls than the beginning of a trend reversal. 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 – 15th Sept, 2015 By FxGrow Research & Analysis Team GBPJPY - test of the rising trend line After a period of much volatility in the last few days the movement of price is in the consolidation. The current support defending against falls is in the level of 184.20, and resistance that will stop further rise in the price level is 186.80. If the bears will break below pointed suport, the target of falls will be 180.40. Alternatively, break above of consolidation can bring the price to 195.00. Wider view D1 At the interval D1 GBPJPY is still moving in an upward trend and the trend line was tested last week. However if the bulls will show weakness, and led to the next level test September minimum break of the trend line could become a reality. 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.