FxGrow Support Posted February 11, 2016 Author Share Posted February 11, 2016 FxGrow Daily Technical Analysis – 11th Feb, 2016By FxGrow Research & Analysis TeamUSDCAD - bulls are back, but a flag pattern suggests that the falls are not finishedAfter correction of 50% previous upward movement, at the chart occurred a candle with long bottom shadow. Such price action candles predict rebound. So it happened and for a week upward movement continues. However there is one concern. At time-frame H4 price formed flag pattern in a direction opposite to the previous movement (blue on the chart).Time-frame D1To 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 February 12, 2016 Author Share Posted February 12, 2016 FxGrow Daily Technical Analysis – 12th Feb, 2016By FxGrow Research & Analysis TeamUSDJPY - after 9 days of declines there is a hope for a reboundPrevious AUDJPY analysis was very profitable. I indicated flag pattern and direction of breakout. I wrote: 'Flag is a pattern of trend continuation which means that price should break below lower limit of the flag according to a main downtrend'. As you can see breakout occurred and price sharply moved down. After rebound, since mid-January decline continues and yesterday price tested support at 77.60.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 February 12, 2016 Author Share Posted February 12, 2016 FxGrow Daily Technical Analysis – 12th Feb, 2016By FxGrow Research & Analysis TeamEURCAD - correction should occurMacroeconomic data from US caused sharp downward movement at EURCAD. Rebound occurred when price moved above 1.5580 area which is nearest support. US retail sales were better than forecasted. Similar price reaction occurred at EURUSD.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 February 15, 2016 Author Share Posted February 15, 2016 FxGrow Daily Technical Analysis – 13th Feb, 2016By FxGrow Research & Analysis TeamEURUSD - movement towards 1.1160 supportSupply at EURUSD took over control after Thursday's test of resistance at 1.1380. First support at 1.1320 wasn't able to stop decline and today for the first minutes of trading downward movement is continuing. Nearest support is at 1.1160 but if it breaks stronger support will be located at 1.1100. One of that levels should make rebound.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 February 15, 2016 Author Share Posted February 15, 2016 FxGrow Daily Technical Analysis – 15th Feb, 2016By FxGrow Research & Analysis TeamUSDJPY - sharp return above 114.00In previous analysis from February 9 I indicated weakness of the bulls at USDJPY and possibility of price movement towards 109.80. I wrote: 'Demand is weak and support at 116.10 wasn't defended. Nearest supports are at 114.00, 112.30. However it is likely that even support at 109.80 may be tested'.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 February 16, 2016 Author Share Posted February 16, 2016 FxGrow Daily Technical Analysis – 16th Feb, 2016By FxGrow Research & Analysis TeamAUDNZD - side trend, since more than two monthsIn Friday 1.0560 are caused price rebound. It took place third time during six months period. Currently 1.0930 level should be tested. Since more than two months AUDNZD moves in side trend between above mentioned levels. Another attempts of breakout finished faster with rebound.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 February 16, 2016 Author Share Posted February 16, 2016 FxGrow Daily Technical Analysis – 16th Feb, 2016By FxGrow Research & Analysis TeamEURGBP - bulls offensive in progressEURGBP moves in uptrend since lows from November 2015. Upward movement is very dynamic. Corrections which occurred during this period retraced only 23.6% of main trend. Struggle between demand and supply can be seen at 0.7760 - 0.7800. Because it lasts since a week it shows the determination of the bulls and the strength of that level. It can be found at weekly TF how important that level was in the past.Time-frame H1 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 February 17, 2016 Author Share Posted February 17, 2016 FxGrow Daily Technical Analysis – 17th Feb, 2016By FxGrow Research & Analysis TeamGBPUSD returned to declines, after short correctionPrevious GBPUSD analysis gave almost 300 pips profit. I wrote: "If price stays above 1.4500 first target for falls will be at 1.4400. Next goal for bears will be 1.4200". First indicated level was reached very fast and second level could be tested today. Current chart pattern supports declines.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 February 17, 2016 Author Share Posted February 17, 2016 FxGrow Daily Technical Analysis – 17th Feb, 2016By FxGrow Research & Analysis TeamGBPCAD - lowest since 7 monthsSince mid-January GBPCAD moves in a downtrend. Price moved above support 1.9890 until yesterday. Support was broke below and price continues its declines. Next support at 0.9730 also wasn't able to stop further depreciation, due to this current goal for bears is 1.9480 level. Today's macroeconomic data from UK labour market were weak and did not help with rebound. The unemployment rate stayed at 5,1% in December versus forecasted 5%.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 February 18, 2016 Author Share Posted February 18, 2016 FxGrow Daily Technical Analysis – 18th Feb, 2016By FxGrow Research & Analysis TeamEURUSD - above support 1.1100, movement towards 1.1380 possibleSince a week EURUSD continues downward movement. Yesterday better than forecasted macro data were published - the US Producer Price Index. The second macro data was FOMC minutes. Investors didn't see nothing new in FOMC protocol and it was confirmed by lack of volatility at EUR/USD. Officials stressed timing of hikes would depend on data.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 February 18, 2016 Author Share Posted February 18, 2016 FxGrow Daily Technical Analysis – 18th Feb, 2016By FxGrow Research & Analysis TeamGBPAUD - rebound from support at 1.9900Since a half year GBPAUD moved in a downtrend. Price moves inside bearish regression channel and its upper band wasn't tested since early November. Yesterday price reached important support 1.9900 and today bullish rebound occurred. You shouldn't see this as trend reversal, but it is likely that some upward movement will occur and it should reach at least 2.0640.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 February 19, 2016 Author Share Posted February 19, 2016 FxGrow Daily Technical Analysis – 19th Feb, 2016By FxGrow Research & Analysis TeamEURSEK – sharp rebound from resistanceEURSEK moved in uptrend since the year beginning. Last week price rebounded sharply after testing the resistance at 9.6100 . Yesterday huge downward candle reached two weeks low. Nearest supports are located at: 9.3600, 9.3040, 9.2550. If rebound occurs and demand maintains its strength nearest resistances will be located at: 9.4220, 9.5000, 9.6100. 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 February 19, 2016 Author Share Posted February 19, 2016 FxGrow Daily Technical Analysis – 19th Feb, 2016By FxGrow Research & Analysis TeamEURJPY - lowest since mid-2013Yesterday EURJPY broke below support at 126.00 level and continues downward movement. Nearest support at area 125.00 was tested. Currently it is likely that price will rebound to 126.10 and return to declines. Alternatively if bulls will be as weak as so far new low may occur without any correction. 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 February 22, 2016 Author Share Posted February 22, 2016 FxGrow Daily Technical Analysis – 22nd Feb, 2016By FxGrow Research & Analysis TeamGBPNZD - broke below support at 2.1500Today price broke below support at 2.1500, and now is continuing its declines. After almost vertical upward movement which lasted between April - August 2015 currently almost all bullish moves has been corrected. Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800To 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 February 22, 2016 Author Share Posted February 22, 2016 FxGrow Daily Technical Analysis – 22nd Feb, 2016By FxGrow Research & Analysis TeamUSDCHF – appreciation of the dollar pushes the price towards resistanceThe currency pair USD CHF been declining since the beginning of February, a dynamic drop led to a break of the trend line conducted since the one-day landslide associated with the release of the EURCHF exchange rate, as well as support around the 0.9797 level.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 February 23, 2016 Author Share Posted February 23, 2016 FxGrow Daily Technical Analysis – 23rd Feb, 2016By FxGrow Research & Analysis TeamEURUSD - nearest supply target 1.0980, support at 1.1100 was broke belowIn the last Wednesday there were an attempt of breaking below support 1.1100, it hasn't succeed and price moved around that region. At last support was broken yesterday and today EURUSD is continuing its declines.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 February 23, 2016 Author Share Posted February 23, 2016 FxGrow Daily Technical Analysis – 23rd Feb, 2016By FxGrow Research & Analysis TeamGBPCAD - new 8-months lowLast week's analysis was profitable for traders. I wrote: "current goal for bears is 1.9480 level" and "if price tests 1.9480 level, rebound will occur. After rebound resistances are at levels: 1.9730, 1.9890".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 February 24, 2016 Author Share Posted February 24, 2016 FxGrow Daily Technical Analysis – 24th Feb, 2016By FxGrow Research & Analysis TeamEURAUD - support at 1.5270 was defended so farEURAUD is at the interesting level. Price already reached support at 1.5270 and that level was in game many times since December 2014. Yesterday rebound occurred, but right now it is indicating demand's weakness. If supply breaks this level next supports will be located at 1.5000, 1.4880. However if rebound is successful nearest resistance will be located at 1.5480. 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 February 24, 2016 Author Share Posted February 24, 2016 FxGrow Daily Technical Analysis – 24th Feb, 2016By FxGrow Research & Analysis TeamGBPUSD - forecast of brexit plunges the bullsThis week is a bulls' nightmare. Since Monday we observe fall at GBP/USD, despite the recommendations of British Prime Minister David Cameron. He will be urging to stay in the E.U.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 February 25, 2016 Author Share Posted February 25, 2016 FxGrow Daily Technical Analysis – 25th Feb, 2016By FxGrow Research & Analysis TeamEURJPY - PIN BAR candle on the supportIn accordance to the last week analysis declines were continued to indicated support. I wrote: "It is likely that declines will proceed. Next strong support at W1 TF could be found at 122.90".Time-frame D1: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 February 25, 2016 Author Share Posted February 25, 2016 FxGrow Daily Technical Analysis – 25th Feb, 2016By FxGrow Research & Analysis TeamEURUSD - support at 1.0980 stopped declines, it is likely that 1.1100 will be testedDeclines at EURUSD were stopped by support at 1.0980. At this level you can clearly see the support reaction. Now area 1.1100 should be tested and there we will see in which direction price wants to move in the nearest future. Return above 1.1100 will lead price to last high at 1.1380.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 February 26, 2016 Author Share Posted February 26, 2016 FxGrow Daily Technical Analysis – 26th Feb, 2016By FxGrow Research & Analysis TeamUSDCAD - 1.3670 support broke, potential 300 pips declineYesterday USDCAD broke below support which has been stopping declines since the beginning of February. Nearest target for falls is located at 1.3420. If rebound occurs at indicated level nearest important resistance will be at 1.3670. Despite the current declines it's too early to talk about new down trend which I will show at weekly time-frame. 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 February 26, 2016 Author Share Posted February 26, 2016 FxGrow Daily Technical Analysis – 26th Feb, 2016By FxGrow Research & Analysis TeamUSDJPY - dollar appreciated after macroeconomic dataAfter Friday’s macroeconomic data (US GDP) publication dollar sharply appreciated versus other currencies. EURUSD dynamically reached support at 1.0980 and USDJPY tested resistance at 113.35.Situation at USDJPY is very interesting because after double bottom pattern, current upward movement began. Nearest resistances are at levels: 113.35, 114.50, 116.10.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 February 29, 2016 Author Share Posted February 29, 2016 FxGrow Daily Technical Analysis – 29th Feb, 2016By FxGrow Research & Analysis TeamGBPNZD - demand reaction at very interesting levelLast week analysis was profitable. I wrote: "Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800". In the area 2.0800 there is an equal A=B of current correction. This level is strengthened by important support.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 February 29, 2016 Author Share Posted February 29, 2016 FxGrow Daily Technical Analysis – 29th Feb, 2016By FxGrow Research & Analysis TeamAUDCAD - reached lower limit of bearish channelFriday brought huge selloff at AUDCAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three important supports 0.9820, 0.9730, 0.9650. Today's rebound started by bulls finished with a long upper shadow on the chart.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...
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.