Daily Market Analysis by FxGrow

[FxGrow Support]

FxGrow Daily Technical Analysis – 29th June, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD remained indecisive yesterday as it touched a high of 0.7415 and a low of 0.7341 towards the end of the trading session. Today Aussie showed some signs of recovery with the pair crossing 0.7400 handle in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7450

RSI (14), ADX (14), CCI (14) are Neutral; STOCH (9, 6), STOCHRSI (14), MACD (12, 26) ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 0.7359 while Resistance is at 0.7415

29th June 2016 – 06:59hrs GMT

USDJPY

USDJPY was bullish yesterday but advances were capped below 103 handle. Today the pair is pushing down to below 102.50 levels in the European trading session. The pair is trading below its 100 day SMA of 102.87 in the European trading session. The near term bias is Neutral to Bearish with targets of 102

RSI (14) is Neutral; STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 101.92 while Resistance is at 102.49

29th June 2016 – 07:06hrs 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 – 30th June, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed the 1.1100 handle and remained strong towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1194 in the early Asian trading session. The near term bias is Neutral to Bullish with targets of 1.1150 to 1.1180

ADX (14), CCI (14) is Neutral; RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1034 while Resistance is at 1.1098 and 1.1130

30th June 2016 – 01:29hrs GMT

GBPUSD

GBPUSD had a strong bullish momentum yesterday as it crossed the 1.3500 handle on the backdrop of positive trading sentiment. Cable is trading below its 100 day SMA of 1.3445 in the early Asian trading session. The near term bias is Neutral to Bearish with targets of 1.3350

RSI (14) is Neutral; STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3420 while Resistance is at 1.3474

30th June 2016 – 01:40hrs 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 – 30th June, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday and crossed the 0.7400 handle and continues its move upwards crossing 0.7450 in the early Asian trading session today. Aussie is trading above its 100 day SMA of 0.7410 and attempting to break higher later today. The near term bias is Neutral to Bullish with targets of 0.7500

RSI (14), CCI (14) are Neutral; STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7414 while Resistance is at 0.7477

30th June 2016 – 01:50hrs GMT

USDJPY

USDJPY was indecisive yesterday as it touched a low of 102.17 and a high of 102.80 towards the end of the trading session. The pair is attempting recovery on improved trader sentiment and is now trading above its 100 day SMA of 102.34 in the early Asian trading session. The near term bias is Neutral to Bearish with targets of 102.20

RSI (14), ADX (14), CCI (14) are Neutral; Ultimate Oscillator, ROC, MA200 indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 102.17 while Resistance is at 103.01

30th June 2016 – 01:58hrs 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 – 01st July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1140 and a low of 1.1024 towards the end of the trading session. The pair is trading above its 100 day SMA of 1.1073 in the European trading session and the near term bias is Neutral to Bullish with targets of 1.1150

RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator is Neutral; ADX (14), CCI (14), ROC, MA100 indicate a BUY; while Average True Range (14) indicates Less Volatility.

Support is at 1.1024 while Resistance is at 1.1130 and 1.1144

01st July 2016 – 08:45hrs GMT

GBPUSD

GBPUSD was bearish yesterday as it broke below its support level of 1.3270 to touch intraday low of 1.3205 with signs of further bearish momentum in the coming days. Cable is trading below its 100 day SMA of 1.3343 in the European trading session. The near term bias is Neutral with sideways movements expected in the US trading session.

RSI (14), CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.3230 while Resistance is at 1.3356

01st July 2016 – 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.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 01st July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD remained indecisive yesterday as it touched a high of 0.7468 and a low of 0.7370 towards the end of the trading session. Today Aussie is showing some signs of upside momentum approaching the 0.7500 resistance today. The pair is trading above its 100 day SMA of 0.7415 in the European trading session. The near term bias is Bullish with targets of 0.7550

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7439 while Resistance is at 0.7530

01st July 2016 – 09:35hrs GMT

USDJPY

USDJPY was moving in a zigzag pattern and the pair advanced to cross 103 handle towards the end of the trading session yesterday. The pair is trading above its 100 day SMA of 102.50 in the European trading session. The near term bias is Bearish with targets of 102

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 102.35 while Resistance is at 103.01

01st July 2016 – 09:44hrs 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 – 04th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD has opened this week above 1.1100 handle and the moves are seen around this levels in the past trading session. The pair is trading below its 200 day SMA of 1.1140 in the European trading session and the near term bias is Neutral to Bearish with targets of 1.1050

STOCH (9, 6), ADX (14) is Neutral; Ultimate Oscillator, ROC, MA200 indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1097 while Resistance is at 1.1130 and 1.1144

04th July 2016 – 09:05hrs GMT

GBPUSD

GBPUSD opened the week below 1.3300 handle and the pair is consolidating at the 1.3250 to 1.3260 levels in the European trading session. Cable is trading below its 100 day SMA of 1.3349 in the European trading session. The near term bias is Bearish with targets of 1.3200

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator indicate a SELL; CCI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3179 while Resistance is at 1.3338

04th July 2016 – 09:11hrs 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 – 04th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD opened the week lower but has managed to cross 0.7500 handle in the European trading session. Today Aussie is showing some signs of upside momentum approaching the 0.7550 resistance today. The pair is trading above its 100 day SMA of 0.7443 in the European trading session. The near term bias is Bullish with targets of 0.7550

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 0.7491 while Resistance is at 0.7522

04th July 2016 – 09:17hrs GMT

USDJPY

USDJPY has opened the week below 103 handle and is trading between the 102 and 103 levels in the past trading sessions. The pair is trading below its 200 day SMA of 103.03 in the European trading session. The near term bias is Neutral to Bearish with targets of 102

RSI (14), ADX (14), CCI (14), Ultimate Oscillator are Neutral; STOCHRSI (14), MACD (12, 26), MA100 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 102.42 while Resistance is at 102.84

04th July 2016 – 09:27hrs 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 – 05th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD is trading in a zigzag pattern and is unable to make any clear directions in the past trading session. The pair is trading above its 200 day SMA of 1.1117 in the European trading session and the near term bias is Neutral with sideways movements expected later today.

RSI (14), MACD (12, 26), ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.

Support is at 1.1096 while Resistance is at 1.1184 and 1.1214

05th July 2016 – 09:00hrs GMT

GBPUSD

GBPUSD continues to trade lower exposing further downside pressure in the European trading session. Cable is trading below its 100 day SMA of 1.3330 pointing to more weakness in the coming days. The near term bias is Bearish with targets of 1.3050

STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a SELL; RSI (14), STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 1.3114 while Resistance is at 1.3340

05th July 2016 – 09:13hrs 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 – 05th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it crossed 0.7500 handle and remained firm towards the end of the trading session. Today Aussie is trading in a zigzag pattern with no clear direction. The pair is trading above its 100 day SMA of 0.7475 in the European trading session. The near term bias is Bearish with targets of 0.7450

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates High Volatility.

Support is at 0.7472 while Resistance is at 0.7548

05th July 2016 – 09:24hrs GMT

USDJPY

USDJPY is trading in a bearish momentum today exposing further weakness in the coming days. The pair broke its support level of 102 to touch a low of 101.65; and is trading below its 100 day SMA of 102.64 in the European trading session. The near term bias is Bearish with targets of 101

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator indicate a SELL; RSI (14), STOCHRSI (14) are Oversold; while Average True Range (14) indicates High Volatility.

Support is at 101.65 while Resistance is at 102.35

05th July 2016 – 09:32hrs 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 – 07th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1111 and a low of 1.1028 as trading sentiment remains unchanged. Today the pair is trading below its 100 day SMA of 1.1109 and further weakness is expected in the US trading session. The near term bias is Bearish with targets of 1.1020

RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), ROC indicate SELL; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1046 while Resistance is at 1.1096 and 1.1104

07th July 2016 – 08:35hrs GMT

GBPUSD

GBPUSD was indecisive yesterday as it touched a low of 1.2795 and a high of 1.3015 towards the end of the trading session. Today Cable is trading below its 100 day SMA of 1.3129 and upside moves are expected later today. The near term bias is Bullish with targets of 1.3050

RSI (14), STOCH (9, 6), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.2930 while Resistance is at 1.2992 and 1.3011

07th July 2016 – 08:45hrs 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 – 07th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a low of 0.7407 and a high of 0.7516 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7492 in the European trading session. The near term bias is Bullish with targets of 0.7580

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; while Average True Range (14) indicates High Volatility.

Support is at 0.7475 while Resistance is at 0.7525

07th July 2016 – 08:50hrs GMT

USDJPY

USDJPY was indecisive yesterday as it touched a low of 100.19 and a high of 101.74 as trading sentiment remains mixed. The pair broke its support level of 101 and as such further downside risks are present as it is trading below its 100day SMA of 101.86 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.50

RSI (14), CCI (14) are Neutral; STOCH (9, 6), MACD (12, 26), ROC indicate a SELL; RSI (14), STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 101.19 while Resistance is at 101.46

07th July 2016 – 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.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 08th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1106 and a low of 1.1052 as the pair struggles to remain above the 1.1000 handle. Today the pair is trading below its 100 day SMA of 1.1095 as the trend remains unclear. The near term bias is Neutral to Bearish with targets of 1.1000

RSI (14), MACD (12, 26), CCI (14) are Neutral; STOCHRSI (14), MA100 indicate a SELL; while Average True Range (14) indicates Less Volatility.

Support is at 1.1052 while Resistance is at 1.1080 and 1.1097

08th July 2016 – 09:30hrs GMT

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3042 and a low of 1.2880 towards the end of the trading session. Today Cable is trading below its 100 day SMA of 1.3043 and bullish correction is expected later today. The near term bias is Neutral to Bullish with targets of 1.3010

RSI (14), CCI (14), Ultimate Oscillator are Neutral; STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; SOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.2878 while Resistance is at 1.2970 and 1.3047

08th July 2016 – 09:37hrs 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 – 08th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7538 and a low of 0.7470 towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7496 as it crosses the 0.7500 handle in the European trading session. The near term bias is Bullish with targets of 0.7550

STOCH (9, 6) is Neutral; RSI (14), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 0.7491 while Resistance is at 0.7512

08th July 2016 – 09:46hrs GMT

USDJPY

USDJPY was moderately bearish yesterday and came down below 101 handle towards the end of the trading session. The scope for upside moves is limited and outlook is negative towards the 99 handle in the coming days. The pair is trading below its 100day SMA of 101.39 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.30

RSI (14), CCI (14), Ultimate Oscillator are Neutral; STOCH (9, 6), MACD (12, 26), ROC indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.

Support is at 100.40 while Resistance is at 100.82

08th July 2016 – 09:55hrs 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 – 11th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD has opened the week lower and is trading below the 1.1050 handle and a bearish trend is expected later today. The pair is trading below its 100 day SMA of 1.1073 and a downtrend is expected towards the 1.1000 levels. The near term bias is Neutral to Bearish with targets of 1.0950

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1002 while Resistance is at 1.1034 and 1.1097

11th July 2016 – 09:32hrs GMT

GBPUSD

GBPUSD has opened the week lower and is trading below the 1.2900 handle with further weakness towards the 1.2700 levels. Today Cable is trading below its 100 day SMA of 1.2964 and strong bearish correction is expected later today. The near term bias is Bearish with targets of 1.2800

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Neutral; CCI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.2824 while Resistance is at 1.2920 and 1.2936

11th July 2016 – 09:40hrs 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 – 11th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD opened this week with an uptrend crossing the 0.7550 levels in the Asian trading session. The pair is looking to break the 0.7600 handle in US trading session today. Today Aussie is trading above its 100 day SMA of 0.7502 and the near term bias is Bullish with targets of 0.7550 to 0.7600

MACD (12, 26), MA100 indicate a BUY; RSI (14) is Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7491 while Resistance is at 0.7575

11th July 2016 – 09:48hrs GMT

USDJPY

USDJPY has opened the week on a strong bullish tone as it crossed the 102 handle in the European trading session. The pair is trading above its 100day SMA of 101.02 and a move towards 103 is expected. The near term bias is Bullish with targets of 102.50 to 103

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; RSI (14), STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 101.46 while Resistance is at 102.42

11th July 2016 – 10:10hrs 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 – 12th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a low of 1.1015 and a high of 1.1069 towards the end of the trading session. The pair is trading above its 100 day SMA of 1.1066 and an upward momentum is seen in the European trading session. The near term bias is Strong Bullish with targets of 1.1150 to 1.1200

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicate a BUY; STOCHRSI (14), CCI (14), Ultimate Oscillator are Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.1098 while Resistance is at 1.1120 and 1.1131

12th July 2016 – 07:42hrs GMT

GBPUSD

GBPUSD made bullish correction yesterday as it crossed 1.3000 handle towards the end of the trading session. Today Cable is trading above its 100 day SMA of 1.2959 and strong bullish momentum is seen in the European trading session. The near term bias is Bullish with targets of 1.3150 to 1.3200

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.3055 while Resistance is at 1.3107 and 1.3124

12th July 2016 – 08:00hrs 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.

 

[FxGrow Support]

FxGrow Daily Technical Analysis – 12th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was flat yesterday without any major changes towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7524 and the near term bias is Bullish with targets of 0.7650 to 0.7680

STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; RSI (14), STOCHRSI (14) are Overbought; while Average True Range (14) indicates High Volatility.
Support is at 0.7585 while Resistance is at 0.7665

12th July 2016 – 08:10hrs GMT

USDJPY

USDJPY was bullish yesterday as it crossed the 102.50 handle yesterday and remained strong towards the end of the trading session. The pair is trading above its 100day SMA of 101.32 with some fluctuation seen in the European trading session. The near term bias is Bullish with targets of 103.50 to 104

RSI (14), STOCH (9, 6), MACD (12, 26), ROC indicate a BUY; ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.

Support is at 102.84 while Resistance is at 103.55

12th July 2016 – 08:20hrs 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 – 13th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it touched a high of 1.1125 but could not sustain bullish momentum and came down to close below 1.1060 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1065 as it tests its support of 1.1000 later today. The near term bias is Bearish with targets of 1.1000

RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14), CCI (14) are Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.1049 while Resistance is at 1.1064 and 1.1075

13th July 2016 – 08:10hrs GMT

GBPUSD

GBPUSD was bullish yesterday as it crossed 1.3250 handle towards the end of the trading session. Today Cable tried to cross the 1.3300 levels but had a bearish pullback and is trading above its 100 day SMA of 1.3036 in the European trading session. The near term bias is Neutral with sideways moves expected

RSI (14), STOCH (9, 6), Ultimate Oscillator are Neutral; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3119 while Resistance is at 1.3275 and 1.3340

13th July 2016 – 08:20hrs 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 – 13th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD had a bullish momentum yesterday as it crossed 0.7650 handle and remained strong towards the end of the trading session. Today Aussie is trading above its 100 day SMA of 0.7554 and the near term bias is Bearish with targets of 0.7550

RSI (14), STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 0.7548 while Resistance is at 0.7646 and 0.7658

13th July 2016 – 08:25hrs GMT

USDJPY

USDJPY had a strong bullish move yesterday as it crossed the 104.50 handle yesterday and remained strong towards the end of the trading session. The pair is trading above its 100day SMA of 102.16 and some bearish correction is expected later today. The near term bias is Bearish with targets of 104 to 103.50

STOCH (9, 6), ADX (14), CCI (14), ROC indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 103.54 while Resistance is at 104.83 and 104.98

13th July 2016 – 08:32hrs 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 – 14th July, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed 1.1100 handle and since then it has entered into a phase of consolidation. The pair is trading above its 100 day SMA of 1.1071 and the short term bias remains on the upside. The near term bias is Bullish with targets of 1.1150

RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCH (9, 6) is Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1098 while Resistance is at 1.1120 and 1.1130

14th July 2016 – 09:40hrs GMT

GBPUSD

GBPUSD had a bearish momentum yesterday as it could not sustain its bullish moves above 1.3300 and pulled back below 1.3150 levels towards the end of the trading session. Today Cable is trading in a Bullish tone as it crossed 1.3200 handle and is trading above its 100day SMA of 1.3097 in the European trading session. The near term bias is Bullish with targets of 1.3350

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), ROC indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.

Support is at 1.3192 while Resistance is at 1.3258 and 1.3273

14th July 2016 – 09:50hrs 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.