Daily Market Analysis by FxGrow

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FxGrow Daily Technical Analysis – 22nd Sept, 2015
By FxGrow Research & Analysis Team

USDCAD – false break of consolidation lower limit

An interesting situation in the USDCAD. For a month price moved in the consolidation between resistance 1.3320 and support 1.3130. Last Friday there was an attempt to break below the support that lead the price to the level 1.3010. On that support bulls returned to the game. On the daily chart a long lower shadow appeared and USDCAD returned to the consolidation range. Currently, the price is moving to the upper limit of consolidation on the level 1.3320.

It is worth to note, that the USDCAD moves in a long-term uptrend, and often false breakout from the consolidation in one direction ends with a proper breakout in the opposite direction. If such situation will take place it will follow the main trend. A minimum target of upward movement is a level 1.3800.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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Daily Market Analysis – 23rd Sept, 2015
By FxGrow Research & Analysis Team

China manufacturing PMI falls to lowest in more than 6 years

Activity in China's manufacturing sector unexpectedly shrank to a 6½-year low in September, indicating a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets.

The preliminary Markit China Manufacturing Purchasing Managers' Index (PMI) fell to 47.0 in September, the worst since March 2009 and below market expectations of 47.5 and August's final 47.3. Levels below 50 signify a contraction.

Global investors and policymakers are on edge over China after the U.S. central bank last week held off from raising interest rates, saying it was unsure if international problems and China's slowdown in particular, will hurt the U.S. recovery - Reuters.

"The weaker-than-expected PMI suggested domestic and external demand remained sluggish. It's almost certain China's economic growth will slide below 7 percent in the second half of this year" - Minsheng Securities.

"The principle reason for the weakening of manufacturing is tied to previous changes in factors related to external demand and prices" - Chief economist at Caixin Insight Group.

"Fiscal expenditures surged in August, pointing to stronger government efforts on the fiscal policy front. Patience may be needed for policies designed to promote stabilization to demonstrate their effectiveness" - Chief economist at Caixin Insight Group.

The Asian Development Bank has cut its estimate for China's growth to 6.8 percent for 2015. It expects the growth rate of the world's second largest economy will fall to 6.7 percent in 2016.

Mario Draghi, European Central Bank President, will speak on monetary policy before the European Parliament’s Economic and Monetary Committee providing insight into whether the central bank is contemplating expanding its bond buying and if so, when.

The Eurozone continues to experience extremely low levels of inflation and unemployment is very high.

The UK manufacturing sector growth stalled for the first time in more than two years, with a stronger Pound and weak exports weighing on the sector's margins and volumes.

The trade surplus in Switzerland contracted in August, as the strength of the Swiss Franc hit demand in the European Union and China.

Crude oil is trading higher at $46.80 as market survey points to fall of crude oil stocks.

Gold is trading lower in the Europe at 1127.06, while Silver is up at 14.79

23rd Sept 2015 – 09:00hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 23rd Sept, 2015
By FxGrow Research & Analysis Team

EURGBP breakout of the triangle with a range of 0.7060 decline

For a month EURGBP moves in a shape of downward triangle. This formation promises falls and it is in line with long-term downward trend. On Monday there was a break below of the triangle after a longer test of the level 0.7240. Support came to help bulls, which is located at the 0.7210 level. There was a rebound and return to the interior of the triangle.

If the rebound will be successful it may test level 0.7340, which is the top of the triangle. However, if in the near future the bulls will press harder break below the triangle will become a fact. Range of the falls will be equal to the height of formation. The target level after breaking the triangle will be 0.7060. Before that, supply will have to deal with more supports: 0.7210, 0.7160, 0.7100, 07040. Alternatively, if the triangle has been break above a nearest resistance is 0.7390.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 23rd Sept, 2015
By FxGrow Research & Analysis Team

AUDNZD - a trend reversal or just a corrective rebound?

Since 4 months AUDNZD moves in a consolidation between 1.0900 and 1.1430. On August 24 there was a dynamic upward movement. Within a 30 minutes candle price moves up and fall about 900 pips. Since then the price has reduced the range of its movement. Right now it moves in the consolidation between 1.0900 and 1.1340. AUDNZD now rebounded from the resistance at the indicated level and is heading 1.0900.

Wider view, interval W1

Since 5 years AUDNZD moves in a downward trend but the minimum, which took place at the beginning of April this year, begins to indicate a possibility of trend reversal. Direction of breakout from flag will be very important. Flag is a pattern of trend continuation and it should be break above. Break above will give a chance even to trend reversal. However, if the flag breaks below, then this whole movement will take the form of a rebound and AUD/NZD will come back to the main trend (the downward one).

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 28th Sept, 2015
By FxGrow Research & Analysis Team

EURGBP - the appropriate breakout of the triangle up

On September 21 was a break below the triangle. However already the first support on 0.7200 mobilized bulls to buy and on next day there was a return to inside the triangle. Using the situation that on chart is formation fakey (false breakout) the bulls were attempted broke above the triangle. It was successful. Upward movement has been stopped at 0.7400 and currently the price is moving between the triangle and resistance. If break above the level 0.7400 will be successful the next target of upward movement is 0.7480. However, if bulls show the weakness the price should return to inside the triangle again.

Wider view, interval W1
Since 2009 EURGBP moves in a downtrend. In this time price has fallen from 0.9800 to 0.6940. Currently rebound is in progress and move up abolished only 23.6% of the last downward movement. Level 0.7650 could be tested which is 38.2% fibo. Earlier, the bulls will have to deal with some resistance: 0.7480, 0.7550, 0.7590. The strongest of the indicated resistance will be 0.7550, which marks the downward trendline.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 28th Sept, 2015
By FxGrow Research & Analysis Team

USDJPY – fake triangle breakout

Last Friday the price broke above upper arm of the triangle and investors expected further upward movement that are consistent with the long-term trend in USDJPY. That's not happened, and even the first week resistance had stopped upward move and activate downward rebound. On Friday, the bulls tried to rebound from the upper limit of the triangle (at the chart it would confirm the successfully breakout). However today bears have taken control and USDJPY moved back to the center of the triangle reaching the level of 120.00.

A similar situation occurred today on EURGBP, where such a false breakout resulted in a proper breakout in the opposite direction. It is not excluded that same exact scenario will be seen on USDJPY. Currently, we should observe in which direction the proper breakout will go. If above, the next resistances are at 121.20 and 122.00. If below, the next supports are at levels: 119.10, 118.50, 116.20.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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Daily Market Analysis – 29th Sept, 2015
By FxGrow Research & Analysis Team

Stocks fall on weak Chinese data

In China Industrial profits dropped 8.8% last month, showing the world’s biggest consumer of commodities is struggling with excess capacity, sluggish investment and weaker manufacturing, according to data released by China’s National Bureau of Statistics.

Following the weak Chinese data Major Stock indexes ended in loss yesterday. The S&P 500 and NASDAQ finished modestly in the red and strong gains for Nike (NKE) keeping the Dow Jones in the black.

Euro climbed up against the US Dollar and is presently trading at 1.1277 in the European trading session today.

In China a combination of lower sales, higher costs and weak prices as a result of soft demand has been weighing on the manufacturing sector’s earnings power. The pressure is particularly notable in the mining sector, offsetting modest gains elsewhere. China and the Fed have been the market’s primary pre-occupations lately, and this report adds to those worries.

The Australian dollar has fallen after weak Chinese industrial data added to evidence that the Chinese economy is slowing down. AUDUSD is trading at 0.6949 in the European trading session.

European stocks also declined on Monday as more disappointing Chinese data and downbeat analyst comment weighed on the stocks.

London's benchmark FTSE 100 index ended the day down 2.46 per cent to 5,958.86 points compared with Friday's close. In the Eurozone, Frankfurt's DAX 30 finished 2.12 per cent lower at 9,483.55 points and the Paris CAC 40 plunged 2.76 per cent to 4,357.05.

"Both the Australian and Canadian dollars fell sharply today as profits fell by the largest amount in four years. Earnings in the resource sector have been hit particularly hard and this put additional pressure on commodity prices. There are major economic headwinds in China and this will limit growth in countries that rely on Chinese demand" - BK Asset Management.

In the US, New York Fed President William Dudley noted that the Fed is still on track to increase interest rates in this year. He, however, stressed that the decision would be depend on the health of US economy and financial conditions, as well as global economic development.

In an interview with Wall Street Journal, Dudley suggested that "if the economy continues on the same trajectory it’s on…and everything else suggests that’s likely to continue…then there is a pretty strong case for lifting off".

"I am starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate, and that trips the alert system. Given the progress we've made and continue to make on our goals, I view the next appropriate step as gradually raising interest rates, most likely starting sometime later this year" - San Francisco Fed President John Williams.

Crude oil is trading lower at $44.43 ahead of the estimates of U.S. crude stockpiles report.

Gold is trading lower in the Europe at 1127.87, while Silver is weak at 14.54

29th Sept 2015 – 06:42hrs GMT

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 03rd Nov, 2015
By FxGrow Research & Analysis Team

AUDUSD tests the upper limit of the downward channel

Today there was a test of the upper limit of the downward channel. Since October 12 the channel is forming, when an attack on the resistance level of 0.7370 has failed. At the moment there should be some attempts to keep the price near level 0.7200. And next an approach to break above the upper limit of the channel. If that attack succeeds the near resistances will be located at levels 0.7290, 0.7370. If the bulls show a weakness, price will move toward the lower limit of the downward channel. The next supports can be found at levels: 0.7110, 0.7070, 0.7030, 0.6940.

Wider view, time-frame W1

At weekly intervals price also moves in a downward channel. Price is "stuck" to the upper limit. On AUDUSD we see a valid downward trend and only break above the level of 0.8100 will give a real chance to reverse current momentum. Now a movement towards the YTD lows at 0.6900 are more likely.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 03rd Nov, 2015
By FxGrow Research & Analysis Team

USDJPY - correction may be already finished

Previous analysis of October 26 proved to be extremely profitable. In one day, the price reached the indicated level, giving a profit of over 800 pips. In analysis entitled "correction uptrend rally" I wrote: "Currently falls should reach at least around 120.00 - 120.30, there is a basic fibo level 38.2%."

After reaching the indicated retracement, price began upward movement, which tested October high. At the moment everything depends on constans breaking the resistance at 121.45. If it succeeds, USDJPY will return to the main trend and the upward movement will be continued. The next targets will be at the levels: 122.00, 123.00, 124.50, 125.20. Alternatively, if there were declines and the price went down below 120.00, targets for bears would be the levels of 119.60, 119.15, 118.20.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 04th Nov, 2015
By FxGrow Research & Analysis Team

EURGBP moves towards 0.6940

In the previous analysis, I wrote: "If support at 0.7200 has been permanently broken the goal of falls will be the level of 0.6940. Along the way supply will have to deal with supports: 0.7165, 0.7090, 0.7035". And so it happened since February 2015 EURGBP moves in consolidation between the levels 0.7480 - 0.6940. After testing the upper limit of this consolidation in mid-October now falls should reach to the lower limit. The nearest support is at 0.7040. If there was a rebound it should be stopped at the level of 0.7165. There is a downward trend line and the nearest major resistance.

Time-frame H4:

Time-frame D1:

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 04th Nov, 2015
By FxGrow Research & Analysis Team

EURUSD 3-months low

Since October 15 the price moves in a dynamic downward trend. In the less than three weeks EURUSD made a downward movement over 600 pips. After breaking below the support at level 0.1080 price returned to this level. That move only confirmed that the indicated level has now become resistance and downward movement continues. Currently there is only a matter of time, when support will be tested at level 1.0810.

Because the current downward movement hasn't been corrected yet, so it is very likely that price will rebound there. Rebound will be able to reach 1.1080, which is a significant resistance and will be strengthened by 38.2% fibo level. If the downward movement will break below indicated support, next declines targets are on levels: 1.0715, 1.0660, 1.0520, 1.0460.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 05th Nov, 2015
By FxGrow Research & Analysis Team

AUDCAD - double top caused declines

In October there was an attempt of break above resistance at 0.9510. It succeeded twice, but each time dynamic downward movement followed. Finally a double top formation appeared and caused declines. Since the beginning of November there is a retracement, which reached 50% fibo level of the last downward movement. In the nearest future price may persist between the levels 0.9290 - 0.9490. If the resistance at 0.9490 will be broken, target of upward movement will be 0.9580. If level 0.9290 will be broken, target of downward movement will be at 0.9250.

Wider view, time-frame W1

Since almost 2 years AUDCAD moves in a downward channel. In August there was a test of lower limit of that channel and rebound. That movement has reached to the mid-channel. If there will be a strong upward movement, then it will aim 0.9750 which is the upper limit of the downward channel and resistance. If the falls will return, their first target will be at the level 0.9160, and after break below the next one at 0.9070 - which is a lower limit of the downward channel.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 05th Nov, 2015
By FxGrow Research & Analysis Team

USDTRY attempt to keep above uptrend line

A lot of volatility as a result of the political turmoil in the currency pairs with the Turkish lira. On Sunday, the party supported by currently president won the elections, at the end it was not certain. As a result of this uncertainty on USDTRY Monday's session began with a gap of 900 pips down. This resulted with braking below the uptrend line. Price is already 2,000 pips below the September's high. However, the situation is still open. Recent declines can be considered only as a correction if the price returns to upward movement. The first task for the bulls is closing the gap from Monday and break above the level of 2.9600.

In the case of falls continuation and break below trend line, supports are on levels 2.8060 and 2.7550 which is a November's minimum. Breakout of indicated resistance will signal the start of a larger correction, and maybe even the trend change.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 06th Nov, 2015
By FxGrow Research & Analysis Team

GBPJPY on October's trendline

Analysis from October 28 was wery profitable. I wrote: "Today's demand is testing resistance at 184.50. If break above will be successful next resistances are on levels 186.00, 187.50. Move higher than 187.50 may be difficult and there is little chance that this will happen soon". Indeed price reached 187.68 and rebounded. Downward movement was dynamic.

Falls stopped below support on uptrend line which can be determined at the October lows. The line was tested for the third time and this time It can be broken. The first target of falls will be the level 184.50. If the downward movement will proceed its main target is the level of 180.50, and before there are: 183.90 182.50. Alternatively, if rebound occurs price once again will move towards 187.50.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

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FxGrow Daily Technical Analysis – 06th Nov, 2015
By FxGrow Research & Analysis Team

GBPUSD - macro data caused six-months low

Yesterday dovish Bank Of England caused a breach of channel's low in which the price moved. Today's US non farm payrolls and employment data confirmed falls and after that GBPUSD break below first important support at 1.5100. Unemployment has fallen to 5%, which was one of the task of the FED. At this moment probability of the first rate hike in the US in December increased. The first level, which may cause rebound is 1.4980. Next support is 1.4800 and the next one is low of 2015 at 1.4560.

When we take a look at weekly interval, the situation is even more serious. Since the beginning of the year upward movement took form of flag, which suggests a continuation of previous trend. If price couldn't get back inside the flag, this year's lows will be under pressure of sellers. Upward movement, which took place from the beginning of the year, got the form of flag, which promises a continuation of the previous trend. If price cannot quickly get back inside the flag, then this year lows will find themselves under sellers pressure.

Time-frame D1

Time-frame W1

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 09th Nov, 2015
By FxGrow Research & Analysis Team

USDJPY - the 2-months correction approaching to end

A very interesting situation on USDJPY. Since 2012, the price is in an uptrend. In June 2015 reached a high on 125.85 and a correction has started which lasted more than two months. Price moves in consolidation between the levels of 118.20 - 121.65. In last week was break above from pointed consolidation (such scenario I assumed in analysis at the beginning of November entitled: "correction may be already finished").

Today the price confirmed break above resistance at level 123.20 and upward movement continues. Next targets for demand are 124.50, 125.20 and 125.85 which is this year's high. After leaving on a new high strong resistance is at level 135.15 which is high from 2002 year. If there was correction of recent upward movement and price falls below levels 123.20 - 123.00 the nearest support that should cause rebound is at 122.00.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 09th Nov, 2015
By FxGrow Research & Analysis Team

EURJPY - consolidation before further declines

In analysis from October 29 I pointed that rebound which just started could be very weak. I wrote: "there is a rebound that may reach 133.15 and 134.00. Only moving back above the 133.15 and next to 135.00 give a chance of further EURJPY upward movement". And indeed the demand was trying to break above indicated resistance. Price reached 133.38 and there was a quick supply counterattack and last six months low has been deepened again.

In the coming days it is more likely that the price will move in the consolidation between the levels of 131.50 - 133.30. And next wave of falls after break below the lower limit of that consolidation. The European Central Bank seems very determined to weaken the euro. Falls can be noticeable on most currency pairs with the euro. If level 131.50 breaks, target of next falls is at 126.00 which is a 2015 low (showed on the D1 TF chart).

Time-frame H1

Time-frame D1

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 10th Nov, 2015
By FxGrow Research & Analysis Team

EURCAD - broken below uptrend line

Since the top of the August 24 which EURCAD established at level 1.5560 continues the downward movement. At the level 1.4480 broke below was first support and already 60 pips below also the uptrend line that lasted from April 2015.

Declines have been stopped on the support, which is located in the area of 1.4200 - 1.4160. If this support will be break below downward movement should be very dynamic and will amount a minimum of 400 pips. The next support levels are located at: 1.3800, 1,3760, 1.3400, 1.3000. If upward movement will return the most difficult resistance for the demand will be at the level 1.4480. There is resistance and earlier uptrend line.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 10th Nov, 2015
By FxGrow Research & Analysis Team

EURUSD - below level 1.0700

Since almost one moth EURUSD moves in a dynamic downtrend. During this time price fell 800 pips and there wasn't any correction. Falls are still supported by divergent behavior of a central banks. The European ECB intends to further ease the monetary policy, while US FED is more hawkish and perhaps as early as next month will raise interest rates first time in a decade.

Today EURUSD break below low from last week which was the support at level 1.0710. Testing this year low at 1.0460 seems to be a matter of time. If price rebounds earlier, the closest resistances will be at levels: 1.0710, 1.0790.

Time-frame M30

Time-frame W1

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 11th Nov, 2015
By FxGrow Research & Analysis Team

NZDUSD double bottom on support 0.6500

Last analysis of October 29 gave earn 160 pips. I wrote: "Last year on NZDUSD is a downtrend. Currently rebound reached to level fibo 38.2% and with strong trend price may now return to the declines" and "In the near future it is likely the second test of this support, and if the bears will be strong enough support will be broken below and falls may reach to the level of 0.6500".

For 4 days volatility is weaker on NZDUSD. Bulls will buy through the formation double bottom (shown on H4). However, the current consolidation is more likely to continue to fall, and rebound may be shallow. Due to the fact that the dollar strengthened against most currencies, and so far there is no indication that this trend was reversed. If support at 0.6500 will be broken next targets of falls are at levels 0.6240, 0.6015. Alternatively if rebound will be strong enough next strong resistances are at levels: 0.6630, 0.6710, 0.6900.

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.