FxGrow Support Posted March 23, 2016 Author Share Posted March 23, 2016 FxGrow Daily Technical Analysis – 23rd March, 2016By FxGrow Research & Analysis TeamGBPAUD - after short break price is continuing downward movementLast week support at 1.8820 caused rebound which was finished just after two days and at the beginning of current week price returned to declines. Declines lasts since August 2015 and there wasn't any bigger rebound in this period. The support at 1.8820 yesterday was broken and today supply is trying to break another support (but weaker) at 1.8620.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 March 23, 2016 Author Share Posted March 23, 2016 FxGrow Daily Technical Analysis – 23rd March, 2016By FxGrow Research & Analysis TeamEURUSD reached support at 1.1160 strengthened by Fibonacci 61,8%Since last Thursday EURUSD is sliding down without any hints on the next movement. Declines are very small relative to some previous movements. Today price reached very interesting level, which has a chance to prepare field for a rebound. Mentioned level is 1.1160, it is support strengthened by Fibonacci 61,8% of previous upward movement (it was just after FED's meeting).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 March 24, 2016 Author Share Posted March 24, 2016 FxGrow Daily Technical Analysis – 24th March, 2016By FxGrow Research & Analysis TeamUSDJPY - rebound in progressIn last analysis I indicated the triangle pattern, as you can see it was broken down. After that declines accelerated, however once again support at 110.90 stopped them and caused rebound. Since the beginning of current week price is moving up and resistance at 111.70 was successfully broken.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 March 24, 2016 Author Share Posted March 24, 2016 FxGrow Daily Technical Analysis – 24th March, 2016By FxGrow Research & Analysis TeamEURGBP - 16-months highSince the beginning of December 2015 EURGBP moved in strong uptrend. Short correction which started one month ago probably was finished. New 16-months high confirms that correction was ended.If price keeps standing above 0.7910 next important resistances will be located at 0.8000 and 0.8150 (strong resistance and long term downtrend line which connects highs since January 2009 coincide in this area).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 March 25, 2016 Author Share Posted March 25, 2016 FxGrow Daily Technical Analysis – 25th March, 2016By FxGrow Research & Analysis TeamGBPCAD - support at 1.8540 stopped declinesLast week supply tried again to broke support at 1.8540 but that attempt failed. Since Wednesday rebound is in progress and upward movement should test at least 1.8830 area. If bulls will be strong enough even 1.9080 level may be tested. Currently there isn't any positive signs for bulls.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 March 29, 2016 Author Share Posted March 29, 2016 FxGrow Daily Technical Analysis – 29th March, 2016By FxGrow Research & Analysis TeamEURGBPThis analysis is a continuation of previous one, published on Thursday 24th of March. Since then, EUR/GBP has failed in getting through the last high resistance and corrected a bit. Of course, since last Thursday we had weekend and Easter which froze the market, but during Monday session EUR/GBP touched first demand zone and it does it twice.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 March 29, 2016 Author Share Posted March 29, 2016 FxGrow Daily Technical Analysis – 29th March, 2016By FxGrow Research & Analysis TeamCrude oil tests the price gapOn the daily chart of May contracts for crude oil, we can see that price once again tested the support area defined by weekend price gap sketched between March 4-7 (ranging over 1.5USD). Declines reached the above mentioned zone after a failed test of resistance level which is determined thanks to the October 2015 lows (42.58).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 March 30, 2016 Author Share Posted March 30, 2016 FxGrow Daily Technical Analysis – 30th March, 2016By FxGrow Research & Analysis TeamEURUSD - the test of March's highAfter side trend in which EURUSD moved for a few days (just above 1.1160 level), finally new upward wave occurred. Yesterday first resistance at 1.1200 was broken and a direct cause of larger volatility was yesterday's public speech of Janet Yellen. Chair of the FED indicated anxiety of the low inflation and she said that Federal Reserve has tools to fight with this problem. This could mean a significant extension of the period of low interest rates in the US.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 March 30, 2016 Author Share Posted March 30, 2016 FxGrow Daily Technical Analysis – 30th March, 2016By FxGrow Research & Analysis TeamGBPUSD - above resistance 1.4400After last week’s selloff at GBPUSD which started after terrorist attacks in Brussels, declines reached support at 1.4070. Declines were finished last Thursday after local double bottom pattern and bullish candle (at time-frame H4) with long lower shadow. Demand took over control during end of last week but current week it was a capitulation of supply.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 March 31, 2016 Author Share Posted March 31, 2016 FxGrow Daily Technical Analysis – 31st March, 2016By FxGrow Research & Analysis TeamNZDCAD - long PIN BAR candle at the resistanceYesterday on NZDCAD interesting daily candle occurred. Demand was punished for too rapid attempt of rebound and on the chart PIN BAR candle occurred with a long upper shadow. Shadow of that candle tested resistance at 0.9050.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 April 4, 2016 Author Share Posted April 4, 2016 FxGrow Daily Technical Analysis – 04th April, 2016By FxGrow Research & Analysis TeamUSDCAD back to touch highs as it underpinned long-term supportThe USDCAD decreased for nine consecutive weeks as the pair hits fresh 2016 lows near 1.2857. This long-term support level provides signals of a reversal trend as the USDCAD touched 1.2832 lows in October 2015. Thus prices are expected to comeback as the pair breaks 1.3075 reaching 1.3090 and 1.3125 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 April 4, 2016 Author Share Posted April 4, 2016 FxGrow Daily Technical Analysis – 04th April, 2016By FxGrow Research & Analysis TeamEURUSD further upside directionThe EURUSD started pushing higher after Yellen’s comments last week. The EURUSD is attempting to have a bullish breakout after an increase in US unemployment rate producing a slack in US labor market especially as the price cuts 1.1400 as a strong resistance. Thus next resistances are located at 1.1440 and 1.1470. 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 April 5, 2016 Author Share Posted April 5, 2016 FxGrow Daily Technical Analysis – 05th April, 2016By FxGrow Research & Analysis TeamAUDUSD rallied as RBA kept lending rate steadyThe AUDUSD traded higher as the Reserve Bank of Australia (RBA) weakens rate cut expectations and kept lending rate unchanged at 2%. Breaking 0.7640 increases to 0.7675 as a major resistance level and cutting this point will produce a bullish momentum targeting 0.7723 and 0.7745 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 April 5, 2016 Author Share Posted April 5, 2016 FxGrow Daily Technical Analysis – 05th April, 2016By FxGrow Research & Analysis TeamEURUSD overbought territory might lead to strong pullbackThe EURUSD failed to continue gaining after reaching 1.1437 high this year. Hitting higher lows and failing to cut 1.1420 and the European Central Bank (ECB) dovish outlook for inflation and monetary policy give signs of a strong pullback and will open the door of a downside move. Cutting 1.1365 as a strong point will push the EURUSD lower toward 1.1345, 1.1325 and 1.1295 as next support levels. 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 April 6, 2016 Author Share Posted April 6, 2016 FxGrow Daily Technical Analysis – 06th April, 2016By FxGrow Research & Analysis TeamUSDJPY rise as risk appetite firms in AsiaUSDJPY fell to 14 month lows at 109.95 yesterday on BOJ negative interest rate policy. Japanese Yen gains support as Kuroda said that he will keep monitoring the currency and warned of further interest rate cut. Breaking 1.1015 as a minor support point will nourish the downside trend and will push the USDJPY lower toward 109.95, 109.70 and 109.50 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 April 6, 2016 Author Share Posted April 6, 2016 FxGrow Daily Technical Analysis – 06th April, 2016By FxGrow Research & Analysis TeamGBPUSD is in a chaotic position on ‘BREXIT’ risk GBPUSD is extending its weakness as ‘Brexit’ is creating volatility as it gets priced in. The BOE financial policy committee increased the countercyclical capital buffer rate for UK exposures from 0% to 0.5% and raises risks of the UK economy as more possibilities of the EU referendum ‘Brexit’ emerge.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 April 7, 2016 Author Share Posted April 7, 2016 FxGrow Daily Technical Analysis – 07th April, 2016By FxGrow Research & Analysis TeamEURUSD Bullish breakout ahead of ECB meetingThe EURUSD entered a bullish trend after it trades above 1.1420 powered by FOMC meeting minute release. Yesterday, a positive sentiment was created as the EURUSD failed to close lower and as the FOMC increased caution for interest rate hike this year pushing the pair higher targeting 1.1455, 1.1480 and 1.1515 as next resistance levels.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 April 7, 2016 Author Share Posted April 7, 2016 FxGrow Daily Technical Analysis – 07th April, 2016By FxGrow Research & Analysis TeamUSDCAD stalled gains after weak IVEY PMI dataThe USDCAD failed to gain traction above 1.3220 resistance point forming a strong downtrend after weaker than expected PMI data. Yesterday’s FOMC meeting minute released supported the downward direction of the trend as the USDCAD closed below the major resistance level 1.3100. Breaking 1.3030 will ruin the pair reaching 1.3000, 1.2965 and 1.2940.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 April 8, 2016 Author Share Posted April 8, 2016 FxGrow Daily Technical Analysis – 08th April, 2016By FxGrow Research & Analysis TeamEURUSD struggled after Yellen’s commentsThe EURUSD failed to breakout and continue its uptrend after reaching 1.1455 high on Yellen’s less cautious tone for interest rate hike this year. Japanese finance minister also supported the dollar on warnings of the one-sided Yen rise. Breaking the strong support point 1.1360 will push the EURUSD lower reaching next support levels 1.1325 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 April 11, 2016 Author Share Posted April 11, 2016 FxGrow Daily Technical Analysis – 11th April, 2016By FxGrow Research & Analysis TeamEURUSD more actions on ECB minutesThe EURUSD steadied in a long-term range between 1.1365 and 1.1435 on political tension and ‘Brexit’ issues and on concerns that the ECB is more likely to cut further rates than expanding Quantitative Easing (QE) program. The EURUSD remains under pressure as it fails to cut 1.1455 and breaking 1.1390 will continue slumping near 1.1375, 1.1345 and 1.1330 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 April 11, 2016 Author Share Posted April 11, 2016 FxGrow Daily Technical Analysis – 11th April, 2016By FxGrow Research & Analysis TeamGBPUSD trade sentiment stays above the long-term support ahead of BOE meetingGBPUSD has appreciated and traded above 1.4060 after Fed dovish comments on interest rate hike expectations this year. Sticky UK inflation will push the GBPUSD higher and cutting 1.4190 continues increasing to 1.4220, 1.4245 and 1.4265 as next resistance levels.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 April 12, 2016 Author Share Posted April 12, 2016 FxGrow Daily Technical Analysis – 12th April, 2016By FxGrow Research & Analysis TeamEURUSD Bearish signal among negative RSIThe EURUSD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of Fed interest rate hike weighed on the EURUSD as Fed policymakers calls for a June rate hike. Breaking the 61.8% Fibonacci expansion 1.1365 will confirm a bearish reversal toward 1.1335, 1.1295 and 1.1265 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 April 12, 2016 Author Share Posted April 12, 2016 FxGrow Daily Technical Analysis – 12th April, 2016By FxGrow Research & Analysis TeamAUDUSD short position ahead of Aussie employment reportThe AUDUSD may continue its downward movement as the RSI remains in a bearish formation after weak Chinese CPI data and on forecasts the Fed might increase rates in June. The AUDUSD will support its short leg once it cut the major support point 0.7530 targeting 0.7495, 0.7475 and 0.7440 as long-term support levels.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 April 13, 2016 Author Share Posted April 13, 2016 FxGrow Daily Technical Analysis – 13th April, 2016By FxGrow Research & Analysis TeamEURUSD failed its second daily bullish breakout The EURUSD is trading back at the pivot range as it failed another breakout after it cuts the resistance level 1.1455. The EURUSD will see a reversal move as it breaks the strong support level 1.1360 creating a bearish leg near 1.1320 and 1.1285 next support levels.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 April 13, 2016 Author Share Posted April 13, 2016 FxGrow Daily Technical Analysis – 13th April, 2016By FxGrow Research & Analysis TeamUSDCAD new lows ahead of BOC statement todayThe USDCAD is trading below October’s low 1.2830 as Canadian employment data boosts expectations. The trend lacked acceleration after a rise in Crude oil prices, and firmer US Dollars supported the bearish movement thus reaching new lows 1.2750. Breaking this major support point will push the USDCAD toward 1.2730 and 1.2690 as next support levels. 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.