FxGrow Support

FxGrow Daily Technical Analysis – 27th Aug, 2015 By FxGrow Research & Analysis Team EURJPY - August minimum test EURJPY moves for a month in a flat consolidation between 135.00 - 139.00. At the moment it is testing a lower limit of this consolidation. Successful break of this support will take a price to 133.30 and its defense will move towards 139.00. Interval H4 On Monday after attempt of breaking top of consolidation price formed double peak formation. EURJPY dynamically move inside downward trend channel. The first sign that this support will stop descent will be break upper limit of this 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 – 27th Aug, 2015 By FxGrow Research & Analysis Team EURUSD broke out of the triangle, range of breaking 1.2400 EURUSD on Monday reached the highs of January 2015. At the same time there has been a breakout of the triangle, which was forming since February of this year. Today's session will be very important because yesterday the EURUSD returned to the interior of the triangle, but descents stopped at its upper limit. If the breakout is successful range of breaking is the level of 1.2400 However if there has been returning move to a triangle it is not excluded that the proper breakout of the triangle It will be down, and then its range of breaking will be around 1.0000 Interval H4 Descents stopped at the fibo 61,8% last move and it will be a good moment to return to upward 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 – 25th Aug, 2015 By FxGrow Research & Analysis Team GBPUSD - move in the upward channel and attempt to exit from consolidation From the bottom of 7 August formed the upward channel, in which "Cable" moves. Currently, the lower limit of the channel is located at 1.5667 and right now price moving in that direction. The movement of GBPUSD below 1.5667 level will indicate breakout of upward channel and return to the interior of consolidation. Rebound of this level will begin a new upward Last week I pointed out consolidation, which the GBPUSD broke up on Monday. However, yesterday there was a return movement that could mean a re-test of the consolidation or a false breakout and return to its interior. 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 – 25th Aug, 2015 By FxGrow Research & Analysis Team NZDUSD - 400 pips in 15 minutes and a false breakout from consolidation New Zealand Dollar to US Dollar Rate moves in a downward trend since mid-2014 year. The movement of prices over the past four months took the shape of the downward channel, in which the price has dropped from 0.77 to 0.65. In early August NZDUSD broke out successfully from the downward channel and created a consolidation. Yesterday it made a dynamic move downward breaking the bottom of a consolidation and then a moment later it returned to the inside. The support that stopped the descent is in the level of 0.6135, and these are the levels at which the NZDUSD has not been since 2009. Interval H4 After returning to the consolidation NZDUSD tries to break next intraday resistance which is the level of 0.6530. If the break will be successful the target of move up will be level 0.6700. 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 – 25th Aug, 2015 By FxGrow Research & Analysis Team Test of the longterm trend line and defense of support on GBPJPY. GBPJPY is moving in an upward trend since the beginning of 2012. Although for the last 10 weeks GBPJPY did not break the peaks, but the upward trend is not compromised. Last Friday the bears were able to breach out of the channel bottom (interval H4) in which GBPJPY moved for 1.5 weeks. The result was yesterday's downward dynamic movement, which led price below July's support. Bulls, quickly began to buy and on the chart pemained only a long lower shadow. Weekly interval. The current weekly candle has supported the upward trend line and is the third test of this line of 2012. The resistance that stopped move up at the level 195.00 was created in the years 2005, 2008 and it is the first serious test for the bulls since 2013. 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 Aug, 2015 By FxGrow Research & Analysis Team USDCHF - bottom exit from consolidation and breached out support For a week USDCHF was moving in consolidation and created a channel with the width of 75 pips Yesterday, the bears were able to breach out of the channel bottom and momentum to break the next support. In the chart it is also showed that there has been a re-test of broken support which has now become resistance. At daily interval situation is even more ambigous. Yesterday's candle breach out of the channel bottom with great force and now it is expected that soon it will move in the direction of 0.95000. 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 Aug, 2015 By FxGrow Research & Analysis Team USDCAD ends correction and now it's time for a new peak USDCAD (US Dollar vs. Canadian Dollar) is at levels which were seen in 2004. Traders are biding higher levels what asures that the current trend will maintain. The rally is also supported by the structure of the current growth which formed since bottom made in 2012 a characteristic pattern described in Elliott Wave Theory as a 'Impulse Wave'. The nearest resistance levels are 1.3212 (last peak), then 1.33 and 1.35. The last level is a Fibonnacci dependence where wave 1 = wave 5. Last week USDCAD breached higher out of the downward channel and now it is moving towards the last peak. On 1-hour time frame the price tested the lower bound of the upward channel what have triggered a demand-side response. For this currency pair long positions are preferred. 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 Aug, 2015 By FxGrow Research & Analysis Team EURUSD (D1) Will the price fall after two bearish formations? Double Top at 1.121 EURUSD and broken growth channel. The second formation is Evening Star (blue color on chart). Target Falls: 1.082 Alternative Scenario: Moving back inside bullish 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.

Daily Market Analysis – 14th Aug, 2015 By FxGrow Research & Analysis Team Greek parliament approves €85bn bailout deal Greek parliament has approved the new €85bn rescue package following a debate and voting on the deal on Friday. The new deal which seeks harsh austerity measures was approved with 222 votes for, 64 votes against and 11 absent in a 24 hour session in the Greek parliament. Greek PM Alexis Tsipras is facing harsh criticism from his own party for accepting the demands of its European creditors, with several members showing dissent and threatening to split the party and call for early elections in Greece. EURUSD was supported by the news that Greek parliament has approved the new bailout deal terms and is currently trading above the 1.1100 level at 1.1133 in the European trading session. International Monetary Fund has welcomed the bailout deal but said that it will wait to see if there is a plan for reducing Greece's debt. “The IMF will remain closely engaged with the Greek government and the European partners to assist in this process, and will make an assessment of its participation in providing any additional financing to Greece once the steps on the authorities’ program and debt relief have been taken” - Delia Velculescu, IMF. “The IMF has been adopting a line of, not silence but, we try to be mindful of developments and not be excessive in our positions” - IMF managing director. “There’s a need for difficult decisions on both sides and by both sides. I think everybody understands that the IMF can only be involved when these decisions on these two sides are taken.” - Senior IMF official. Greek PM has called French president François Hollande, European Commission president, leader of European parliament members for approval of the rescue package by the Euro group. Greece Economy has grown unexpectedly in the second quarter of the 2015 as its GDP rose 0.8% from the previous quarter. “The surprise is partly explained by some consumption indices, such as retail sales, that were in positive territory in the second quarter and this was helped by some improvement in the labor market. There was also a very strong positive impact from tourism, which is having increasing knock-on effects on the economy” - Nikos Magginas, economist at National Bank of Greece. The Peoples Bank of China put the Yuan's central parity rate at 6.4010 Yuan for US$1, a drop of 1.11% from the previous day. “The central bank, if necessary, is fully capable of stabilizing the exchange rate through direct intervention in the foreign exchange market to avoid the herd mentality resulting in irrational movements of the rate” - Peoples Bank of China economist Ma Jun. In New Zealand Retail sales fell short of analyst expectations. Retail sales in the second quarter of the 2015 grew by 0.1% while the expectations were for a 0.5% growth. Weak economic data from New Zealand has increased the expectations for a further rate cut by the Reserve Bank of New Zealand. Crude oil is trading lower at $41.92 on oversupply concerns and weak global demand. Gold is trading higher in the Europe at 1117.34, while Silver is up at 15.46 14th Aug 2015 – 08:57hrs 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.

Daily Technical Analysis – 14th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was bearish yesterday and touched a low of 0.7321 and then recovered towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7362 in the European trading session. The near term bias remains Bullish with targets of 0.7450 RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 0.7327 while Resistance is at 0.7394 14th Aug 2015 – 06:57hrs GMT USDJPY USDJPY was indecisive yesterday towards the end of the trading session. Now the pair is trading below its 20day moving average of 124.41 in the European trading session. The near term bias remains Bearish with targets of 124.00 RSI (14), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 124.22 while Resistance is at 124.47 14th Aug 2015 – 07:00hrs 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.

Daily Technical Analysis – 14th Aug, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading just above its 20day moving average of 1.1142 in the European trading session. The near term bias remains Neutral. RSI (14), STOCH (9, 6), ADX (14), CCI (14) are Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.1113 while Resistance is at 1.1165 14th Aug 2015 – 06:47hrs GMT GBPUSD GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670 RSI (14) is Neutral; STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.5590 while Resistance is at 1.5627 14th Aug 2015 – 06:52hrs 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.

Daily Technical Analysis – 13th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was bullish yesterday and touched a high of 0.7385 remaining firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7375 in the European trading session. The near term bias remains Neutral to Bearish with targets of 0.7300 RSI (14), STOCH (9, 6) are Neutral; ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 0.7322 while Resistance is at 0.7380 13th Aug 2015 – 07:40hrs GMT USDJPY USDJPY was bearish yesterday s it touched a low of 123.79 and then recovered mildly towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.23 in the European trading session. The near term bias remains Bullish with targets of 125.00 RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 124.27 while Resistance is at 124.70 13th Aug 2015 – 07:44hrs 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.

Daily Technical Analysis – 13th Aug, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was bullish yesterday as it touched a high of 1.1212 yesterday but came down towards the end of the trading session. Now the pair is trading below its 20day moving average of 1.1156 in the European trading session. The near term bias remains Bearish with targets of 1.1080 STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility. Support is at 1.1078 while Resistance is at 1.1148 13th Aug 2015 – 07:33hrs GMT GBPUSD GBPUSD was indecisive yesterday but remained on the higher side towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5621 in the European trading session. The near term bias remains Bullish with targets of 1.5670 RSI (14), MACD (12, 26), CCI (14), ROC MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5551 while Resistance is at 1.5660 13th Aug 2015 – 07:36hrs 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.

Daily Market Analysis – 12th Aug, 2015 By FxGrow Research & Analysis Team Euro hits 2-week high after Greece reached third bailout deal with creditors Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin - Reuters. European Commission spokeswoman said that a technical deal has been reached between Greece, the International Monetary Fund, the European Central Bank, and the European Stability Mechanism. The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries - Reuters. Following the news EURUSD reached a 2 week high of 1.1115 and is currently trading at 1.1142 in the European trading session. “The crucial nature of the situation requires the immediate convening of parliament to proceed with the deal’s approval and allow disbursement of the first installment” - Greek PM Alexis Tsipras. The Greek government has submitted a Draft bill in the Parliament today which contains an agreement with its European creditors for securing the third bailout funds. They are expected to pass the bill on Thursday with Euro group meeting scheduled on Friday. According to the agreement, Greece will have to produce a primary budget deficit of 0.25 percent of GDP in 2015, followed by surpluses of 0.5 percent in 2016, 1.75 percent in 2017, and 3.5 percent in 2018. "After this deal the prime minister should call for elections, so that the Greek people can vote on whether they approve the programme or want something else" - Greek Health Minister. Global investors are awaiting the Germany’s IFO survey, which is likely to indicate Europe’s largest economy is on track to post a reasonable pace of growth. Gold rose more than one per cent on Tuesday as the dollar cut gains and European stocks fell and investors assessed the impact of China’s move to devalue its currency and prop up its economy. “Gold’s best moment this year came in the first few months when we saw various FX swings, lots of different central banks cutting interest rates or intervening in their monetary policy, so probably there is some element of that which has helped the rally from Monday continue a bit. Probably gold is benefiting from fears that this is a new round of currency war" - Matthew Turner, analyst at Macquarie. Consumer confidence in Australia rose for the month of August by 7.8% to 99.5 points according to the Westpac-Melbourne Institute. "Movements of the Index of this magnitude are unusual and generally associated with highly significant events such as interest rate moves or Commonwealth Budgets" - Bill Evans, Westpac chief economist. Crude oil is trading lower at $43.45 due to a rapid decline in the value of Yuan. Gold is trading higher in the Europe at 1116.20, while Silver is up at 15.31 12th Aug 2015 – 11:42hrs 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.

Daily Technical Analysis – 12th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was bearish yesterday and remained weak towards the end of the trading session. Now the pair is trading above its 20day moving average of 0.7288 in the European trading session. The near term bias remains Neutral to Bullish with targets of 0.7360 RSI (14), STOCH (9, 6) are Neutral; ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility. Support is at 0.7234 while Resistance is at 0.7324 12th Aug 2015 – 08:23hrs GMT USDJPY USDJPY was bullish yesterday and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 125.01 in the European trading session. The near term bias remains Bearish with targets of 124.00 RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility. Support is at 123.75 while Resistance is at 124.78 12th Aug 2015 – 08:27hrs 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.

Daily Technical Analysis – 12th Aug, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was bullish yesterday as it touched a high of 1.1087 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1055 in the European trading session. The near term bias remains Bullish with targets of 1.1170 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14), CCI (14) are Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.1045 while Resistance is at 1.1111 12th Aug 2015 – 08:14hrs GMT GBPUSD GBPUSD was indecisive yesterday towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5573 in the European trading session. The near term bias remains Bullish with targets of 1.5650 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.5530 while Resistance is at 1.5644 12th Aug 2015 – 08:18hrs 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.

Daily Market Analysis – 11th Aug, 2015 By FxGrow Research & Analysis Team People's Bank of China Devalues Yuan to Increase Exports China has devalued the Yuan to combat slowdown, which had ripple effects on the Forex markets as the People’s Bank of China cut its daily reference rate by 1.9 percent. People's Bank of China depreciated Yuan by 1.9 percent against the US dollar to levels seen almost three years back, which came as a shock to the currency markets. The statement that was released by the Central Bank said it had changed the way it calculated the currency's daily midpoint against the greenback, now taking the midpoint from market-makers quotes and the previous day's closing price. Monetary policies in emerging market economies diverged and it was hard to make policies - People's Bank of China. The Yuan dropped 1.8 percent to 6.32 per dollar as of 1:34 p.m. in Shanghai. It slid 2.3 percent in Hong Kong’s offshore trading. The ECB reinforced its accommodative monetary policy. The euro area is confronted with the threat from persistent declining inflation and low growth potential. The Bank of Japan announced additional easing monetary policies. The Bank of England maintained its easing monetary policies - People's Bank of China. The Federal Reserve ended the program of asset purchases. The world economy faces the challenge that the policy rate of the U.S. may rise. The global financial conditions may tighten and emerging market economies may be faced with the sudden reversal of capital flows if the Federal Reserve raises its policy rate earlier than expected - People's Bank of China. "Since China's trade in goods continues to post relatively large surpluses, the Yuan’s real effective exchange rate is still relatively strong versus various global currencies, and is deviating from market expectations" - People's Bank of China. The devaluation followed weekend data that showed China's exports tumbled 8.3 percent in July, hit by weaker demand from Europe, the United States and Japan, and that producer prices were well into their fourth year of deflation - Reuters. The move by the People's Bank of China overnight could have a significant impact on whether the Federal Reserve decides to hike interest rates this year. Greece has agreed a bailout deal with its European creditors according to the European Commission as it said a technical agreement had been reached with Greece, which now requires political approval. In Germany Investor confidence dropped to 25.0 in the month of July according to a report released by the ZEW Center for European Economic Research. Crude oil is trading lower at $44.07 on oversupply and weak global demands. Gold is trading higher in the Europe at 1109.31, while Silver is up at 15.25 11th Aug 2015 – 11:41hrs 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.

Daily Technical Analysis – 11th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was bullish yesterday as it touched a high of 0.7437 and remained firm towards the end of the trading session. Now the pair is trading below its 20day moving average of 0.7376 in the European trading session. The near term bias remains Bearish with targets of 0.7280 RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCH (9, 6) is Oversold; while Average True Range (14) indicates High Volatility. Support is at 0.7327 while Resistance is at 0.7428 11th Aug 2015 – 08:54hrs GMT USDJPY USDJPY was bullish yesterday as it touched a high of 124.77 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 124.67 in the European trading session. The near term bias remains Bullish with targets of 125.50 RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility. Support is at 124.43 while Resistance is at 125.06 11th Aug 2015 – 08:58hrs 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.

Daily Technical Analysis – 11th Aug, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was bullish yesterday as it touched a high of 1.1040 yesterday and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.1003 in the European trading session. The near term bias remains Bullish with targets of 1.1080 RSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 1.0913 while Resistance is at 1.1065 11th Aug 2015 – 08:26hrs GMT GBPUSD GBPUSD was bullish yesterday as it touched a high of 1.5603 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5577 in the European trading session. The near term bias remains Bullish with targets of 1.5650 RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 1.5514 while Resistance is at 1.5626 11th Aug 2015 – 08:30hrs 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.

Daily Market Analysis – 10th Aug, 2015 By FxGrow Research & Analysis Team US Non-Farm Payrolls support Fed Rate Hike in September Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent. Job gains occurred in retail trade, health care, professional and technical services, and financial activities - US Bureau of Labor Statistics. Following the NFP data US Dollar rose to a 2 month high versus the Japanese Yen and to a 5 month high against the Swiss Franc. Towards the end of the trading session US dollar gave up its gains due to drop in long bond yields. Non-Farm Payrolls supports the Fed outlook to begin raising Interest rates later this year in September. "I don't think it's done any harm but I don't see anything here that screams that Sep hike chances have increased. The revision to June helps, as does the increase in working hours and the underemployment rate falling. Wages rose as expected but y/y only showed a small gain. There's reasons to be bullish but I don't see this report making the Fed's mind up for definite" - Janus Capital's Bill Gross. "If I had to pick trigger for the Fed to act on jobs it would probably be the unemployment rate dropping to 5.0% or better, and/or a big uptick in wages. Get them up to 2.5%+ y/y and that might be enough for the Fed to pull the trigger" - Janus Capital's Bill Gross. The US dollar remained supported against its major counterparts on Monday after Friday’s strong NFP report supported the Fed rate hike view. In China Exports declined in the month of July due to a strong Yuan and weaker demand in the European Union. "As global growth moderates and commodity prices remain depressed, it is unlikely to see China's trade growth pick up significantly in the remainder of the year" -ANZ Bank. In Canada employment growth was better than expectations with creation of 6.6K Jobs in the month of July. The unemployment rate remained at 6.8%, while participation rate was at 65.7% according to a report by Statistics Canada. German Industrial output declined for the month of June to 1.4% mainly due to risks in the Euro zone and a weak growth in the emerging market countries including China. The British Deficit widened to 1.6 billion pounds in the month of June according to the Office for National Statistics. Greek government is close to securing the third bailout deal of €86bn to prevent an economic collapse just a week before €3bn debt repayment to the European Central Bank is due. "When the new bailout comes to parliament for a vote it will be one bill with two articles - one article will be the loan agreement and the MoU (memorandum of understanding) and the second article will be the prior actions" - Greek official. "Efforts are being made to conclude the negotiations, the horizon is by Monday night or early Tuesday" - Greek official. Crude oil is trading lower at $43.86 amid rising US rig count. Gold is trading higher in the Europe at 1094.69, while Silver is up at 14.93 10th Aug 2015 – 10:13hrs 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.

Daily Technical Analysis – 10th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was bullish last week and opened the week firm in the early Asian trading session. Now the pair is trading just above its 20day moving average of 0.7383 in the European trading session. The near term bias remains Bullish with targets of 0.7440 RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCH (9, 6), STOCHRSI (14) are Overbought; while Average True Range (14) indicates High Volatility. Support is at 0.7394 while Resistance is at 0.7421 10th Aug 2015 – 07:01hrs GMT USDJPY USDJPY was indecisive last week and opened the week higher in the early Asian trading session today. Now the pair is trading below its 20day moving average of 124.60 in the European trading session. The near term bias remains Bearish with targets of 124.00 RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility. Support is at 124.09 while Resistance is at 124.34 10th Aug 2015 – 07:05hrs 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.

Daily Technical Analysis – 10th Aug, 2015 By FxGrow Research & Analysis Team EURUSD EURUSD was indecisive last week and opened the week lower at 1.0949 today. Now the pair is trading above its 20day moving average of 1.0931 in the European trading session. The near term bias remains Bullish with targets of 1.1010 RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCH (9, 6), STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility. Support is at 1.0940 while Resistance is at 1.0982 10th Aug 2015 – 06:44hrs GMT GBPUSD GBPUSD was bearish last week as it touched a low of 1.5423 and opened this week higher at 1.5487 in the Asian trading session. Now the pair is trading below its 20day moving average of 1.5495 in the European trading session. The near term bias remains Neutral to Bearish with targets of 1.5410 RSI (14), STOCH (9, 6), CCI (14) are Neutral; MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility. Support is at 1.5470 while Resistance is at 1.5509 10th Aug 2015 – 06:49hrs 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.

Daily Market Analysis – 07th Aug, 2015 By FxGrow Research & Analysis Team Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 5 August 2015, the MPC voted by a majority of 8-1 to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion, and so to reinvest the £16.9 billion of cash flows associated with the redemption of the September 2015 gilt held in the Asset Purchase Facility - Bank of England. Robust private domestic demand is expected to produce sufficient momentum to eliminate the margin of spare capacity over the next year or so, despite the continuing fiscal consolidation and modest global growth. This is judged likely to generate the rise in domestic costs expected to be necessary to return inflation to the target in the medium term - Bank of England. There had been a range of influences on international financial markets over the month, including: reactions to news on the progress of negotiations between the Greek government and its creditors; falls in global commodity prices; and large moves in Chinese equity prices. There had been some associated volatility in UK equity markets within the month - Bank of England. Following the news GBPUSD plunged to a low of 1.5465 yesterday and is currently trading at 1.5517 in the European trading session. "It would have been imprudent to push through a rate rise at this moment when our economic recovery remains in need of care and encouragement" - John Longworth, British Chambers of Commerce. "Rates will eventually have to rise and when they do, it should be done slowly and steadily. Until that moment, the Bank of England is right to keep interest rates at current levels" - John Longworth, British Chambers of Commerce. Globally Investors are awaiting the Non-Farm Payrolls report due to be released at 12:30 GMT today. US NFP is expected to come at 225K and Unemployment rate is expected to stay steady at 5.3% This month Nonfarm Payroll release will decide the timing of the rate hike by the Federal Reserve this year. A better than expected report will see US Dollar gaining ground and EURUSD is expected to touch 1.0800 on strong NFP data. Crude oil is trading lower at $44.73 on oversupply concerns. Gold is trading higher in the Europe at 1090.91, while Silver is up at 14.75 07th Aug 2015 – 10:51hrs 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.

Daily Technical Analysis – 07th Aug, 2015 By FxGrow Research & Analysis Team AUDUSD AUDUSD was indecisive yesterday as it touched a low of 0.7313 and then recovered its losses towards the end of the trading session. Now the pair is trading just near its 20day moving average of 0.7359 in the European trading session. The near term bias remains Bullish with targets of 0.7400 RSI (14), STOCH (9, 6), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility. Support is at 0.7327 while Resistance is at 0.7378 07th Aug 2015 – 06:19hrs GMT USDJPY USDJPY was indecisive yesterday as it touched low of 124.52 and then recovered towards the end of the trading session. Now the pair is trading just above its 20day moving average of 124.75 in the European trading session. The near term bias remains Bullish with targets of 125.50 RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility. Support is at 124.54 while Resistance is at 124.85 07th Aug 2015 – 06:53hrs 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.