FxGrow Support Posted May 25, 2016 Author Share Posted May 25, 2016 FxGrow Daily Technical Analysis – 25th May, 2016By FxGrow Research & Analysis TeamThe GBPUSD still bullish on Carney’s hawkish commentsThe GBPUSD rallied and touched 1.4660 high as Carney defended Bank of England (BOE) recent actions. Governor carney insist that inflation target will be reached and the latest poll showed strong support for Britain to remain in the Euro zone thus surging the GBPUSD higher, and breaking the key resistance level 1.4685 will pave the way toward next resistance levels 1.4700 and 1.4740. 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 26, 2016 Author Share Posted May 26, 2016 FxGrow Daily Technical Analysis – 26th May, 2016By FxGrow Research & Analysis TeamThe Euro gains on softer US Dollars ahead of US durable goods dataThe EURUSD found support as the dollar eased awaiting further US data today and Yellen’s speech due on Friday that will give an outlook of whether the Fed will hike rate sooner or later this year. The Euro also found support as Euro group ministers agreed on Greece bailout funds. The EURUSD will continue surging higher on weak US durable goods data and breaking 1.1195 will open an upward wave toward 1.1215 and 1.1255 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 27, 2016 Author Share Posted May 27, 2016 FxGrow Daily Technical Analysis – 27th May, 2016By FxGrow Research & Analysis TeamThe USDJPY to turn higher ahead of US GDP dataThe USDJPY consolidates around 109.80 ahead of US GDP data and then traded higher to touch 110.00 high on weaker than expected Japanese inflation data. The USDJPY might have found support as Federal Reserve officials bolstered expectations of interest rate hike next month, and breaking the interim resistance 110.10 will support the upward movement and continue surging higher to touch 110.40, 110.70 and 111.10 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 30, 2016 Author Share Posted May 30, 2016 FxGrow Daily Technical Analysis – 30th May, 2016By FxGrow Research & Analysis TeamThe EURUSD falls on hawkish Yellen commentsThe EURUSD fell below 1.1100 as Yellen claimed that interest rate hike in the next few months is probable. The EURUSD sharp decline was a result of hawkish Yellen comments especially as she said that Fed should hike rate soon. Breaking the support point 1.1080 pushes the euro lower to touch near-term support levels 1.1045 and 1.1015.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 30, 2016 Author Share Posted May 30, 2016 FxGrow Daily Technical Analysis – 30th May, 2016By FxGrow Research & Analysis TeamThe Yen dropped as equity markets rallied to post its biggest weekThe USDJPY traded higher to touch 111.45 high as risk appetite firms and as equity markets posted biggest weekly gains. The USDJPY supported its rally after Yellen commented that US interest rate hike this summer is a big possibility. Breaking 111.55 might continue its upward movement toward 111.90 and 112.40 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 31, 2016 Author Share Posted May 31, 2016 FxGrow Daily Technical Analysis – 31st May, 2016By FxGrow Research & Analysis TeamThe Australian dollar jumped on better than expected economic dataThe AUDUSD surged higher to touch 0.7250 high after upbeat building approval data and strong net exports. The Reserve Bank of Australia (RBA) would change its monetary policy view and rate cut speculation in the coming month eased on better than expected Australian data thus pushing the Aussie higher and breaking the major resistance point 0.7250 will trigger an upward move toward 0.7285 and 0.7315.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 31, 2016 Author Share Posted May 31, 2016 FxGrow Daily Technical Analysis – 31st May, 2016By FxGrow Research & Analysis TeamThe EURUSD rebounded ahead of ECB meetingThe EURUSD gains and reached 1.1155 after touching 1.1098 low ahead of European Central Bank (ECB) meeting due on Thursday. The Eurozone inflation report (CPI) will give signs of how the ECB is going to react regarding monetary stimulus program, and a reversal in ECB monetary policy will push the Euro higher and breaking the resistance point 1.1170 might create a bullish wave and expand its gains to touch 1.1200, 1.1215 and 1.1235 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 June 1, 2016 Author Share Posted June 1, 2016 FxGrow Daily Technical Analysis – 01st June, 2016By FxGrow Research & Analysis TeamThe British pound slumps ahead of UK manufacturing PMI dataThe GBPUSD suffered its biggest drop after ICM poll showed and increased support for “leave” providing chances for the UK to exit the Eurozone. UK PMI data and “BREXIT” issue are weighing on the pound and make it fall more than 1.1 percent to touch 1.4455 low. The GBPUSD remains under pressure as “BREXIT” worries predominate and cutting the support point 1.4440 might continue tumbling to touch next support points 1.4422 and 1.4385.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 June 1, 2016 Author Share Posted June 1, 2016 FxGrow Daily Technical Analysis – 01st June, 2016By FxGrow Research & Analysis TeamThe Australian dollar climbs on solid local dataThe AUDUSD surged higher to touch 0.7299 high as Australia GDP crossed the wires and beat expectations. The AUDUSD find support as strong economic data give signs that the Reserve Bank of Australia (RBA) would probably relieve rate cut policy in the coming period and the AUDUSD need a break above 0.7315 in order to expand gains and touch 0.7355 and 0.7395.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 June 2, 2016 Author Share Posted June 2, 2016 FxGrow Daily Technical Analysis – 02nd June, 2016By FxGrow Research & Analysis TeamThe Australian dollar stabled on mixed dataThe AUDUSD increased against several major counterparts after strong Australia’s trade balance data recording the smallest deficit for more than a year. The reserve bank of Australia (RBA) rate cut bets started to recoil as Australian data beats expectations and breaking the major resistance level 0.7295 will push the AUDUSD higher to touch 0.7308 the 23.6% Fibonacci retracement. Breaking this point will continue expanding to touch 0.7335 and 0.7375. 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 June 2, 2016 Author Share Posted June 2, 2016 FxGrow Daily Technical Analysis – 02nd June, 2016By FxGrow Research & Analysis TeamThe EURUSD gained ahead of ECB meetingThe EURUSD surged higher on expectations that the European central bank (ECB) is anticipated to stand pat on monetary policy. The EURUSD traded above the 1.1200 on speculations that Draghi is going to depend on the wait and see approach and breaking 1.1235 will trigger an upward move toward 1.1265 and 1.1295.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 June 3, 2016 Author Share Posted June 3, 2016 FxGrow Daily Technical Analysis – 03rd June, 2016By FxGrow Research & Analysis TeamThe EURUSD decreased on ECB commentsThe EURUSD slipped to touch 1.1145 after breaking 1.1200 zone as the European central bank (ECB) kept rates unchanged. Draghi said that ‘risks remain tilted to the downside’ and did not give any signals regarding ECB policy but awaits further economic releases thus pushing the Euro lower and cutting the strong support 1.1133 will pave the way to touch near-term support points 1.1095 and 1.1045.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 June 6, 2016 Author Share Posted June 6, 2016 FxGrow Daily Technical Analysis – 06th June, 2016By FxGrow Research & Analysis TeamThe EURUSD climbed on disappointing US jobs reportThe Euro found some support as Draghi stressed the need for patience from the latest ECB meeting last week. The EURUSD surged higher to touch 1.1370 high after sharp miss on US jobs report. The EURUSD is showing an uptrend as US jobs data fell well below expectations and breaking 1.1400 zone will open the door for further bullish movement toward next resistance levels 1.1435 and 1.1465.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 June 7, 2016 Author Share Posted June 7, 2016 FxGrow Daily Technical Analysis – 07th June, 2016By FxGrow Research & Analysis TeamThe Australian dollar surged higher as the RBA held policy steadyThe AUDUSD rose and touched 0.7438 high as the Reserve Bank of Australia (RBA) claimed that its decision was consistent with sustainable growth after it kept its policy steady. The AUDUSD soared as the RBA kept rates unchanged at 1.75% and breaking the resistance point 0.7455 will trigger an upward movement toward 0.7485 and 0.7515 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 June 7, 2016 Author Share Posted June 7, 2016 FxGrow Daily Technical Analysis – 07th June, 2016By FxGrow Research & Analysis TeamThe EURUSD flat after Yellen’s speechThe EURUSD turned higher after disappointing US jobs report but then stabled as Yellen struck to a positive tone on US economy and remarks that rates will rise gradually but concerns rose regarding the timing of rate hike. The EURUSD have to break the 38.2% Fibonacci expansion 1.1400 in order to open the door for a bullish wave toward 1.1435, 1.1465 and 1.1495 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 June 8, 2016 Author Share Posted June 8, 2016 FxGrow Daily Technical Analysis – 08th June, 2016By FxGrow Research & Analysis TeamThe NZDUSD increased ahead of RBNZ rate decisionThe NZDUSD surged higher and trade above 0.7000 zone ahead of Reserve Bank of New Zealand (RBNZ) interest rate decision. The NZDUSD is eying a double top above 0.7000 on weaker dollar and on central bank monetary policy announcement and breaking the strong resistance 0.7030 will open the door for further upside movement to reach next resistance levels 0.7055 and 0.7085.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 June 8, 2016 Author Share Posted June 8, 2016 FxGrow Daily Technical Analysis – 08th June, 2016By FxGrow Research & Analysis TeamThe NZDUSD increased ahead of RBNZ rate decisionThe NZDUSD surged higher and trade above 0.7000 zone ahead of Reserve Bank of New Zealand (RBNZ) interest rate decision. The NZDUSD is eying a double top above 0.7000 on weaker dollar and on central bank monetary policy announcement and breaking the strong resistance 0.7030 will open the door for further upside movement to reach next resistance levels 0.7055 and 0.7085.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 June 9, 2016 Author Share Posted June 9, 2016 FxGrow Daily Technical Analysis – 09th June, 2016By FxGrow Research & Analysis TeamThe USDCAD tumbles on strong oil pricesThe USDCAD fell sharply to touch 1.2655 low on a surprising rise in oil prices. The USDCAD pushed lower on weak Canadian housing data and as US crude inventories fell sharply yesterday giving signs of diminishing oil supply and at the same time opens a lower leg for the USDCAD. The pair remains bearish after it cut the key support level 1.2965 last week and cutting 1.2655 will continue its bearish movement toward next support point 1.2630, 1.2590 and 1.2540.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 June 10, 2016 Author Share Posted June 10, 2016 FxGrow Daily Technical Analysis – 10th June, 2016By FxGrow Research & Analysis TeamThe EURUSD fell on Draghi’s commentsThe EURUSD slumped and touched 1.1290 low on Draghi’s dovish comments as he warned of lasting economic consequences. The EURUSD came under pressure as Draghi also warned of weak stagnation and diminishing output and cutting the support point 1.1275 will continue its downward movement to touch near-term support levels 1.1235, 1.1215 and 1.1180.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 June 16, 2016 Author Share Posted June 16, 2016 Daily Technical Analysis – 16th June, 2016By FxGrow Research & Analysis TeamEURUSDEURUSD continues its bullish momentum crossing 1.1250 yesterday. The near term bias is bullish with targets of 1.1320 to 1.1340RSI (14), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.Support is at 1.1217 while Resistance is at 1.1292 and 1.129816th June 2016 – 08:03hrs GMTGBPUSDGBPUSD staged a recovery from 1.4090 to cross 1.4200 yesterday. It continues its bearish tone dropping below 1.4150 in the Asian trading session. Some correction is expected in the European trading session and the near term bias is Neutral to bearish with targets of 1.4050RSI (14), CCI (14), STOCH (9, 6), STOCHRSI (14), ROC indicate a SELL; MACD (12, 26) is Neutral while Average True Range (14) indicates Less Volatility.Support is at 1.4059 while Resistance is at 1.425716th June 2016 – 08:12hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 16, 2016 Author Share Posted June 16, 2016 Daily Technical Analysis – 16th June, 2016By FxGrow Research & Analysis TeamAUDUSDAUDUSD came down yesterday and is presently in the bearish tone trading below 0.7400 handle, the near term bias is bearish with targets of 0.7300 to 0.7250RSI (14), MACD (12, 26), STOCH (9, 6), ADX (14) indicate a SELL while STOCHRSI (14) is Oversold. Average True Range (14) indicates High Volatility.Support is at 0.7333 while Resistance is at 0.742516th June 2016 – 07:56hrs GMTUSDJPYUSDJPY continues its Bearish trend dropping below 104.50 in the Asian trading session. The near term bias is bearish with targets of 103.50ADX (14), MACD (12, 26), STOCH (9, 6), STOCHRSI (14) indicate a SELL; while Average True Range (14) indicates High Volatility.Support is at 103.18 while Resistance is at 104.6216th June 2016 – 08:17hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 17, 2016 Author Share Posted June 17, 2016 FxGrow Daily Technical Analysis – 17th June, 2016By FxGrow Research & Analysis TeamEURUSDEURUSD pushed lower yesterday touching 1.1130 its lowest level this month. After finding support the pair ascended upwards and crossed 1.1200 handle and continues to hold on to its bullish tone. The near term bias is Neutral to bullish with targets of 1.1310RSI (14), STOCH (9, 6), CCI (14) are Neutral; MACD (12, 26), ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility.Support is at 1.1227 while Resistance is at 1.1270 and 1.128117th June 2016 – 09:09hrs GMTGBPUSDGBPUSD had a roller coaster drive yesterday as it slipped to lows of 1.4015 and after finding support it staged an upwards rally crossing the 1.4200 handle in the US trading session. It continues to maintain Bullish tone trading above 1.4250 in the European trading session. The near term bias is Bullish with targets of 1.4370RSI (14), CCI (14), STOCH (9, 6), STOCHRSI (14), MACD (12, 26), ROC indicate a BUY; ADX (14) is Neutral while Average True Range (14) indicates Less Volatility.Support is at 1.4205 while Resistance is at 1.437317th June 2016 – 09:18hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 17, 2016 Author Share Posted June 17, 2016 FxGrow Daily Technical Analysis – 17th June, 2016By FxGrow Research & Analysis TeamAUDUSDAUDUSD was lower yesterday and touched its base support at 0.7300 after which it recovered and closed above 0.7350 and is presently in the bullish tone trading at 0.7380 levels, the near term bias is Bullish with targets of 0.7400 to 0.7450RSI (14), MACD (12, 26), STOCHRSI (14), CCI (14) indicate a BUY; ADX (14) is Neutral while Average True Range (14) indicates Less Volatility.Support is at 0.7285 while Resistance is at 0.741417th June 2016 – 09:29hrs GMTUSDJPYUSDJPY had a strong bearish tone yesterday as it slipped to lows of 103.60 and has since then staged a recovery to trade above the 104 handle in the European trading session. The near term bias is bearish with targets of 103.50RSI (14), ADX (14), MACD (12, 26), STOCH (9, 6) indicate a SELL; STOCHRSI (14) is Oversold while Average True Range (14) indicates Less Volatility.Support is at 103.54 while Resistance is at 105.6217th June 2016 – 09:35hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 20, 2016 Author Share Posted June 20, 2016 FxGrow Daily Technical Analysis – 20th June, 2016By FxGrow Research & Analysis TeamEURUSDEURUSD closed higher at the end of the week and continues its bullish tone crossing 1.1350 in the Asian trading session. The pair is trading in a strong bullish trend trading above its 100day SMA. The near term bias is Bullish with targets of 1.1450RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14) indicate a BUY; CCI (14) is Neutral while Average True Range (14) indicates Less Volatility.Support is at 1.1303 while Resistance is at 1.1382 and 1.139720th June 2016 – 07:01hrs GMTGBPUSDGBPUSD closed the week with significant gains and opened up higher this week crossing 1.4500 in the Asian trading session. It continues to maintain Bullish tone trading above 1.4550 in the European trading session. The near term bias is Bullish with targets of 1.4650RSI (14), CCI (14), STOCH (9, 6), ADX (14), MACD (12, 26), ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.Support is at 1.4496 while Resistance is at 1.464020th June 2016 – 07:07hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
FxGrow Support Posted June 20, 2016 Author Share Posted June 20, 2016 FxGrow Daily Technical Analysis – 20th June, 2016By FxGrow Research & Analysis TeamAUDUSDAUDUSD opened this week with a strong bullish tone and is trading above its 100 day SMA of 0.7383 in the Asian trading session. It crossed its daily pivot of 0.7440 and the near term bias is Bullish with targets of 0.7500 to 0.7550RSI (14), MACD (12, 26), ADX (14), CCI (14) indicate a BUY; STOCH (9, 6) is Overbought while Average True Range (14) indicates Less Volatility.Support is at 0.7421 while Resistance is at 0.746020th June 2016 – 07:15hrs GMTUSDJPYUSDJPY opened this week with a strong bullish tone and is trading above 104.50 in the Asian trading session. It is trading above its 50 day SMA of 104.36 and some correction is expected in the European trading session. The near term bias is Bullish with targets of 105.25RSI (14), ADX (14), MACD (12, 26), STOCH (9, 6), STOCHRSI (14) indicate a BUY; while Average True Range (14) indicates High Volatility.Support is at 104.07 while Resistance is at 104.8420th June 2016 – 07:24hrs GMTFor 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. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.