FxGrow Support Posted May 4, 2016 Author Share Posted May 4, 2016 FxGrow Daily Technical Analysis – 04th May, 2016By FxGrow Research & Analysis TeamThe USDJPY is under pressure ahead of US payroll dataThe US Dollars showed some gains against several major currencies especially against the Yen after it touches 105.53 lows supported by talks from Fed policymakers yesterday. Looking ahead, a strong US payroll data due on Friday will give the US Dollars a bullish signal and breaking 107.60 will make an end to the bearish move and continue rallying toward 108.15 and 108.50.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 5, 2016 Author Share Posted May 5, 2016 FxGrow Daily Technical Analysis – 05th May, 2016By FxGrow Research & Analysis TeamThe GBPUSD moves lower approaching initial support targetsThe GBPUSD is showing a reversal pattern as it fails to surge higher and break the major resistance point 1.4590. The GBPUSD remains in focus awaiting UK PMI data as it favorably entering the support point 1.4470, and cutting this level will pave the way near next support points 1.4450 and 1.4420.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 5, 2016 Author Share Posted May 5, 2016 FxGrow Daily Technical Analysis – 05th May, 2016By FxGrow Research & Analysis TeamThe EURUSD rose on positive ISM non-manufacturing surveyThe EURUSD was flat but moved higher as the US ISM non-manufacturing Survey beats expectations. The EURUSD advanced and moved above the resistance level 1.1475 to touch 1.1494 highs ahead of US non-farm payroll. Breaking the minor resistance level 1.1500 will continue its upward direction near 1.1535 and 1.1565 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 6, 2016 Author Share Posted May 6, 2016 FxGrow Daily Technical Analysis – 06th May, 2016By FxGrow Research & Analysis TeamThe EURUSD struggles ahead of US NFP dataThe EURUSD dropped sharply ahead of US payroll data as it fails to hold above the major resistance level 1.1460. The EURUSD reverses after touching 1.1616 high on weak Asian markets and continue slumping on rising expectations that the Fed is going to raise rates sooner than later this year. Failing to hold above 1.1455 would indicate fake breakout, and breaking 1.1385 will create a bearish leg toward 1.1360 and 1.1320 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 9, 2016 Author Share Posted May 9, 2016 FxGrow Daily Technical Analysis – 09th May, 2016By FxGrow Research & Analysis TeamThe EURUSD slumps although US jobs data weakensThe EURUSD hovered around 1.1400 again although payroll data showed US economy added the fewest jobs in seven months. The US Dollars fell on Friday but then extended its rally of the week after encouraging annual wage growth. The EURUSD is now in a bearish territory and breaking 1.1365 will continue its sluggish move toward next support levels 1.1335 and 1.1305.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 9, 2016 Author Share Posted May 9, 2016 FxGrow Daily Technical Analysis – 09th May, 2016By FxGrow Research & Analysis TeamThe Aussie decreased on weak Chinese dataThe AUDUSD has been heavily sold off after Reserve Bank of Australia (RBA) prompted another cut in interest rate this year. The AUDUSD extended losses to trade below the 0.7400 zone on weaker than expected Chinese data and as the dollar surged higher last week. Breaking 0.7330 might open a lower leg to touch 0.7305 and 0.7275 respectively. To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 10, 2016 Author Share Posted May 10, 2016 FxGrow Daily Technical Analysis – 10th May, 2016By FxGrow Research & Analysis TeamThe British pound looks bearish ahead of inflation reportThe GBPUSD is still moving lower as it is paving the way toward the 38.2% Fibonacci retracement 1.4310. Both inflation report and ‘BREXIT’ puts pressure on the pound as policymaker’s views on monetary policy are now mixed. Breaking the support point 1.4355 creates a bearish signal to touch the next support levels 1.4315 and 1.4280.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 10, 2016 Author Share Posted May 10, 2016 FxGrow Daily Technical Analysis – 10th May, 2016By FxGrow Research & Analysis TeamThe EURUSD remains under pressure ahead of risky key eventsThe US Dollars was extremely strong despite weak US payroll data and despite shrinking Fed rate hike expectations. The EURUSD is awaiting the Greek GDP and British inflation reports this week and a close below the 23.6% Fibonacci retracement 1.1357 will strengthen the bearish movement and will open a lower leg toward 1.1330, 1.1290 and 1.1270 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 11, 2016 Author Share Posted May 11, 2016 FxGrow Daily Technical Analysis – 11th May, 2016By FxGrow Research & Analysis TeamThe USDJPY rally might have come to an endThe USDJPY surged higher in the past two days to touch 109.35 high following BOJ QQE upgrade. Central bank monetary policy intervention will shape the trend of the USDJPY and a push above 109.60 is needed to continue its upward movement to touch near-term resistance levels 110.00, 110.30 and 110.60.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 12, 2016 Author Share Posted May 12, 2016 FxGrow Daily Technical Analysis – 12th May, 2016By FxGrow Research & Analysis TeamThe GBPUSD is preparing for a short-term breakout ahead of BOE decisionThe GBPUSD gained momentum after breaking the strong resistance level 1.4460. The GBPUSD is searching for a recovery as it is heading into the Bank of England (BOE) quarterly meeting today. The GBPUSD has the opportunity to scope higher on rising expectations that the BOE is unlikely to change monetary policy and breaking 1.4460 triggers an upward move toward next resistance levels 1.4490 and 1.4535.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 12, 2016 Author Share Posted May 12, 2016 FxGrow Daily Technical Analysis – 12th May, 2016By FxGrow Research & Analysis TeamThe EURUSD recovered ahead of US retail sales dataThe EURUSD notched higher this morning to trade above 1.1400 zone waiting to bounce back at the 1.1445 initial resistance level. The FX pairs are looking for further data to smash out and play in a new range. The EURUSD needs to break the major resistance level 1.1465 in order to pave its way to touch next resistance levels 1.1495 and 1.1525.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 13, 2016 Author Share Posted May 13, 2016 FxGrow Daily Technical Analysis – 13th May, 2016By FxGrow Research & Analysis TeamThe EURUSD is finding support ahead of US retail sales reportThe EURUSD was playing in a range between 1.1345 and 1.1445 in the past two days as the US Dollars strengthen. The EURUSD failed to cut 1.1460 and breakout on stronger comments from Fed policymakers as they said that the Fed should hike rates if data improves especially inflation. Breaking the support point 1.1320 will create a strong bearish movement to reach next support levels 1.1280, 1.1260 and 1.1235. To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 13, 2016 Author Share Posted May 13, 2016 FxGrow Daily Technical Analysis – 13th May, 2016By FxGrow Research & Analysis TeamThe British pound gained momentum as the BOE retains current policyThe GBPUSD reached 1.4530 high yesterday as the Bank of England (BOE) reiterated its view on policy and downgraded its GDP outlook. The GBPUSD is attempting to breakout of the downward trend and the RSI remains bullish for the pound and breaking the resistance point 1.4475 will expand its upward move toward 1.4495, 1.4515 and 1.4545 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 16, 2016 Author Share Posted May 16, 2016 FxGrow Daily Technical Analysis – 16th May, 2016By FxGrow Research & Analysis TeamThe AUDUSD tumbles after weak Chinese dataThe AUDUSD gapped lower as Chinese industrial production and retail sales data came weaker than expected to touch 0.7248 low. Year to date figures also missed expectations showing signs of a sluggish Chinese economy and thus giving a further slump to the AUDUSD. The AUDUSD will face a continued selling pressure as the pair cuts the support point 0.7235 to reach next support levels 0.7205 and 0.7165.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 16, 2016 Author Share Posted May 16, 2016 FxGrow Daily Technical Analysis – 16th May, 2016By FxGrow Research & Analysis TeamThe EURUSD largest drop after strong US retail sales dataThe Euro falls against the US dollars as US retail sales data upbeat expectations. The EURUSD lost upside momentum and turned lower after a shooting star candlestick appeared above 1.1600 zone. The EURUSD is still losing ground especially as US economic data started stronger than expected and at the same time the SSI remains short and breaking the strong support point 1.1290 will put the euro in a bearish territory to touch near-term support levels 1.1260, 1.1220 and 1.1195.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 17, 2016 Author Share Posted May 17, 2016 FxGrow Daily Technical Analysis – 17th May, 2016By FxGrow Research & Analysis TeamThe EURUSD is finding support ahead of US CPI dataThe EURUSD was flat and was held in arrange between 1.1300 and 1.1345 as investors awaits new economic data to be released today. US economic data started improving on rising energy prices and better inflation report will boost expectations of Fed rate hike in June thus putting pressure on the EURUSD. Breaking 1.1300 will pave the way toward near-term support points 1.1275, 1.1235 and 1.1212.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 17, 2016 Author Share Posted May 17, 2016 FxGrow Daily Technical Analysis – 17th May, 2016By FxGrow Research & Analysis TeamThe GBPUSD upside move on slowing UK CPI dataThe GBPUSD rebounded on expectations that inflation rate will remain unchanged at 0.5 percent. The Bank of England (BOE) is not expected to increase rates until 2017 thus supporting the British pound and the GBPUSD needs to break the strong resistance point 1.4545 in order to continue surging higher and to pave the way toward 1.4575 and 1.4595.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 18, 2016 Author Share Posted May 18, 2016 FxGrow Daily Technical Analysis – 18th May, 2016By FxGrow Research & Analysis TeamThe EURUSD is struggling on stronger than expected US CPI dataThe EURUSD hovered lower and cut the 1.1300 zone reaching 1.1270 low after upbeat US inflation data. These strong US economic data increases expectations that the Fed is going to increase rates in June thus putting the US Dollars in a bullish territory. The EURUSD is now vulnerable to deeper losses and breaking 1.1255 will push the EURUSD lower toward 1.1215 and 1.1190 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 18, 2016 Author Share Posted May 18, 2016 FxGrow Daily Technical Analysis – 18th May, 2016By FxGrow Research & Analysis TeamThe GBPUSD dropped on weaker than expected UK CPI dataThe GBPUSD treaded water to touch 1.4396 low after lower than expected UK inflation report. The GBPUSD hovered lower on stronger Dollar after strong US CPI data. The GBPUSD remains under pressure ahead of UK unemployment report and ahead of “Brexit” votes and cutting 1.4400 will provide a lower leg toward 1.4365 and 1.4330 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 19, 2016 Author Share Posted May 19, 2016 FxGrow Daily Technical Analysis – 19th May, 2016By FxGrow Research & Analysis TeamThe EURUSD largest drop after hawkish FOMC meetingThe EURUSD decreased sharply to touch 1.1214 low on hawkish comments from the Federal Reserve policy meeting. The US Dollars gains as the FOMC raised expectations that the Fed might hike rate in June if economic data continue improving. The EURUSD will remain bearish as it cuts the 38.2% Fibonacci retracement 1.1210 and breaking 1.1190 will extend losses toward 1.1175 and 1.1135 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 19, 2016 Author Share Posted May 19, 2016 FxGrow Daily Technical Analysis – 19th May, 2016By FxGrow Research & Analysis TeamThe AUDUSD suffered losses after disappointing Australia’s labor dataThe Australian dollar dropped against its counterparts after weak Australia’s employment report. Weak data and lower cash rate puts pressure on the reserve bank of Australia (RBA) that made him change the policy by opting against a rate cut thus putting the AUDUSD in a bearish form. Breaking the support point 0.7180 creates a lower leg toward near-term support levels 0.7150 and 0.7110.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 23, 2016 Author Share Posted May 23, 2016 FxGrow Daily Technical Analysis – 23rd May, 2016By FxGrow Research & Analysis TeamThe EURUSD under pressure ahead of EU PMI dataThe EURUSD remains flat at 1.1220 ahead of PMI data today. The Euro was dipping lower on stronger dollar after rising concerns over Fed rate hike in June especially as policy makers claimed that June rate hike is a live and real possibility. Breaking the strong support 1.1196 will pave the way to touch 1.1170 and 1.1130 respectively.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 23, 2016 Author Share Posted May 23, 2016 FxGrow Daily Technical Analysis – 23rd May, 2016By FxGrow Research & Analysis TeamThe USDJPY decreased after G7 meetingThe Yen surged higher as Asian stocks declined. The USDJPY slumps to touch 109.40 after G7 meeting concluded that the US warned Japan against interventions to weaken the currency. Finance ministers also discussed further BOJ easing knowing that Yen’s actions was considered orderly, and breaking 109.25 will give the USDJPY a bearish wave to touch next support points 108.85 and 108.55.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 24, 2016 Author Share Posted May 24, 2016 FxGrow Daily Technical Analysis – 24th May, 2016By FxGrow Research & Analysis TeamThe British pound gains before BOE official’s decisionThe GBPUSD rose ahead of Bank of England (BOE) official’s decision regarding “BREXIT” especially on rising expectations that the BOE is going to defend “BREXIT” outlook. The GBPUSD have to break the resistance point 1.4528 in order to trigger an upward movement to touch near-term resistance levels 1.4550 and 1.4570.To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted May 25, 2016 Author Share Posted May 25, 2016 FxGrow Daily Technical Analysis – 25th May, 2016By FxGrow Research & Analysis TeamThe EURUSD sluggish move on stronger than expected US housing reportThe EURUSD decreased sharply to touch 1.1133 low after strong US housing data which boosts expectations that the Fed is going to hike rate in June. The EURUSD is aiming for further declines below 1.1100 on concerns that Britain is going to leave the Euro zone. Breaking 1.1125 will open a lower leg to touch near-term support levels 1.1105 and 1.1070 the (50 % Fibonacci retracement).To read this Full in depth 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. Quote Link to comment Share on other sites More sharing options...
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