Daily Market Analysis by FxGrow

[FxGrow Support]

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

EURUSD

EURUSD continued to trade in a narrow range yesterday above 1.1070 handle towards the end of the trading session. Euro is moving in a consolidation phase towards the 1.1100 levels. EURUSD is now trading below its 100day SMA of 1.1024 in the European trading session. The near term bias is Bullish with targets of 1.1150

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

Support is at 1.1057 while Resistance is at 1.1098 and 1.1119

29th July 2016 – 08:14AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3245 and a low of 1.3116 towards the end of the trading session. Cable is moving in a zigzag pattern today and the intraday bias is neutral with some bullish correction expected in the US trading session. GBPUSD is now trading above its 100day SMA of 1.3146 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3250

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

Support is at 1.3119 while Resistance is at 1.3217 and 1.3248

29th July 2016 – 08:21AM (UTC)

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 – 29th July, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7547 and a low of 0.7493 towards the end of the trading session. AUDUSD is moving in a mild bearish tone after touching an intraday high of 0.7548 and is now trading below its 100day SMA of 0.7500 in the European trading session. The near term bias is Neutral to Bearish with targets of 0.7450 to 0.7400

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

Support is at 0.7493 while Resistance is at 0.7511 and 0.7545

29th July 2016 – 08:30AM (UTC)

USDJPY

USDJPY traded in a narrow range yesterday as it remained above its support levels of 104.50 towards the end of the trading session. Dollar-Yen is moving in a strong bearish tone as it touched an intraday low of 102.96 and is now trading below its 100day SMA of 105.08 in the European trading session. The near term bias is Bearish with targets of 103

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

Support is at 103.39 while Resistance is at 104.32 and 105.54

29th July 2016 – 08:38AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish last week as it touched a top of 1.1197 and remained firm towards the end of the trading session. Euro is maintaining its uptrend today and is trading above its 100day SMA of 1.1069 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1200

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

Support is at 1.1119 while Resistance is at 1.1180 and 1.1197

01st Aug 2016 – 10:08AM (UTC)

GBPUSD

GBPUSD was bullish last week as it touched a top of 1.3300 towards the end of the trading session. Cable is moving in a bearish tone today after touching an intraday high of 1.3269 and is now trading just below its 100day SMA of 1.3172 in the European trading session. The near term bias is Bearish with targets of 1.3100

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

Support is at 1.3164 while Resistance is at 1.3291 and 1.3330

01st Aug 2016 – 10:25AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish last week as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after touching an intraday high of 0.7613 and is now trading above its 100day SMA of 0.7527 in the European trading session. The near term bias is Neutral to Bearish with targets of 0.7550 to 0.7500

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

Support is at 0.7545 while Resistance is at 0.7593 and 0.7606

01st Aug 2016 – 10:30AM (UTC)

USDJPY

USDJPY had a strong bearish momentum last week as it touched a low of 101.96 and remained weak towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading below its 100day SMA of 104.26 in the European trading session. The near term bias is Neutral to Bearish with targets of 102

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

Support is at 101.96 while Resistance is at 103.99 and 104.62

01st Aug 2016 – 10:35AM (UTC)

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 – 02nd Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was flat as it entered into a consolidation phase yesterday. Euro is maintaining its uptrend today and is trading above its 100day SMA of 1.1114 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1250

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 1.1164 while Resistance is at 1.1208 and 1.1211

02nd Aug 2016 – 10:34AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a high of 1.3271 and a low of 1.3162 towards the end of the trading session. Cable is moving in a bullish overtone as it touched an intraday high of 1.3255 and is now trading above its 100day SMA of 1.3189 in the European trading session. The near term bias is Bullish with targets of 1.3300

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

Support is at 1.3164 while Resistance is at 1.3248 and 1.3278

02nd Aug 2016 – 10:40AM (UTC)

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 – 02nd Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7613 and a low of 0.7528 towards the end of the trading session. AUDUSD is moving in a mild bullish tone after touching an intraday low of 0.7502 and is now trading above its 100day SMA of 0.7536 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7600 to 0.7625

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

Support is at 0.7504 while Resistance is at 0.7606 and 0.7615

02nd Aug 2016 – 10:47AM (UTC)

USDJPY

USDJPY traded in a narrow range yesterday above the 102 handle towards the end of the trading session. Dollar-Yen is moving in a bearish momentum today after touching an intraday high of 102.82 and is now trading below its 100day SMA of 103.64 in the European trading session. The near term bias is Bearish with targets of 101

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

Support is at 101.45 while Resistance is at 101.88 and 102.83

02nd Aug 2016 – 10:55AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed the 1.1200 handle and remained firm towards the end of the trading session. Euro is moving in a mild bearish tone today and is now trading above its 100day SMA of 1.1158 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.1150

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

Support is at 1.1180 while Resistance is at 1.1217 and 1.1233

03rd Aug 2016 – 10:51AM (UTC)

GBPUSD

GBPUSD was bullish yesterday as it crossed 1.3350 handle and remained firm towards the end of the trading session. Cable is moving in a bullish tone today after touching an intraday low of 1.3291 and is now trading above its 100day SMA of 1.3227 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3400

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

Support is at 1.3300 while Resistance is at 1.3354 and 1.3381

03rd Aug 2016 – 10:57AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a zigzag pattern today and has entered into a consolidation phase. Aussie is now trading above its 100day SMA of 0.7563 in the European trading session. The near term bias is Neutral with consolidation towards 0.7600

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

Support is at 0.7545 while Resistance is at 0.7606 and 0.7637

03rd Aug 2016 – 11:02AM (UTC)

USDJPY

USDJPY was bearish yesterday as it dropped below 101 handle to touch a low of 100.67 after which it had a mild recovery towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading below its 100day SMA of 102.60 in the European trading session. The near term bias is Neutral to Bullish with targets of 101.50

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

Support is at 100.89 while Resistance is at 101.55 and 101.97

03rd Aug 2016 – 11:09AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bearish yesterday as it dropped below 1.1150 handle and remained weak towards the end of the trading session. Euro is moving in a bearish momentum today and is now trading below its 100day SMA of 1.1172 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.1100 to 1.1080

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

Support is at 1.1130 while Resistance is at 1.1164 and 1.1197

04th Aug 2016 – 08:00AM (UTC)

GBPUSD

GBPUSD was indecisive yesterday as it touched a low of 1.3286 and a high of 1.3369 towards the end of the trading session. Cable is moving in a bearish momentum today and is now trading above its 100day SMA of 1.3262 in the European trading session. The near term bias is Bearish with targets of 1.3240

RSI (14), STOCH (9, 6), MACD (12, 26), 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 1.3239 while Resistance is at 1.3338 and 1.3371

04th Aug 2016 – 08:07AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was indecisive yesterday as it touched a high of 0.7609 and a low of 0.7571 towards the end of the trading session. AUDUSD is moving in a mild bullish tone today and is now trading above its 100day SMA of 0.7580 in the European trading session. The near term bias is Bullish with targets of 0.7650 to 0.7680

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

Support is at 0.7593 while Resistance is at 0.7625 and 0.7641

04th Aug 2016 – 08:15AM (UTC)

USDJPY

USDJPY was indecisive yesterday as it touched a low of 100.74 and a high of 101.56 towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading below its 100day SMA of 101.87 after touching an intraday high of 101.64 in the European trading session. The near term bias is Neutral to Bullish with targets of 102

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

Support is at 100.86 while Resistance is at 101.57 and 101.80

04th Aug 2016 – 08:28AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1152 and a low of 1.1113 towards the end of the trading session. Euro is moving in a mild bullish tone today and is now trading below its 100day SMA of 1.1169 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1200

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

Support is at 1.1114 while Resistance is at 1.1157 and 1.1162

05th Aug 2016 – 10:30AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it dropped below 1.3150 handle and remained weak towards the end of the trading session. Cable is moving in a mild bullish correction phase today and is now trading below its 100day SMA of 1.3241 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3180

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

Support is at 1.3119 while Resistance is at 1.3301 and 1.3291

05th Aug 2016 – 10:35AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it crossed 0.7600 handle and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone today and is now trading above its 100day SMA of 0.7597 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700

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

Support is at 0.7615 while Resistance is at 0.7663 and 0.7670

05th Aug 2016 – 10:42AM (UTC)

USDJPY

USDJPY was indecisive yesterday as it touched a low of 100.85 and a high of 101.64 towards the end of the trading session. Dollar-Yen is moving in a mild bearish tone today and is now trading below its 100day SMA of 101.47 after touching an intraday high of 101.34 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.50

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

Support is at 100.86 while Resistance is at 101.57 and 101.66

05th Aug 2016 – 10:48AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bearish last week and came down below 1.1100 handle to touch a low of 1.1045 towards the end of the trading session. Euro is moving in a consolidation phase today and is now trading below its 100day SMA of 1.1151 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.1050

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

Support is at 1.1072 while Resistance is at 1.1130 and 1.1155

08th Aug 2016 – 10:07AM (UTC)

GBPUSD

GBPUSD was bearish last week as it came down below 1.3150 handle and remained weak towards the end of the trading session. Cable is moving in a bearish phase today and is now trading below its 100day SMA of 1.3212 in the European trading session. The near term bias is Bearish with targets of 1.3000

RSI (14), STOCH (9, 6), MACD (12, 26), 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 1.3025 while Resistance is at 1.3060 and 1.3082

08th Aug 2016 – 10:13AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish last week as it touched a high of 0.7663 but came down on Friday below the 0.7600 handle and remained weak towards the end of the trading session. AUDUSD is moving in a bullish tone today and is now trading above its 100day SMA of 0.7612 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700

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

Support is at 0.7606 while Resistance is at 0.7637 and 0.7664

08th Aug 2016 – 10:20AM (UTC)

USDJPY

USDJPY was indecisive last week as it touched a high of 102.82 and a low of 100.67 and recovered on Friday closing above the 101.50 handle towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading above its 100day SMA of 101.38 in the European trading session. The near term bias is Bullish with targets of 103

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

Support is at 102.16 while Resistance is at 102.58 and 102.70

08th Aug 2016 – 10:28AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was indecisive yesterday as it touched a high of 1.1104 and a low of 1.1072 remaining weak towards the end of the trading session. Euro is moving in a mild bullish tone today and is now trading below its 100day SMA of 1.1120 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1135

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

Support is at 1.1072 while Resistance is at 1.1098 and 1.1122

09th Aug 2016 – 09:47AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it came down below 1.3050 handle and touched a low of 1.3029 remaining weak towards the end of the trading session. Cable is moving in a bearish phase today and is now trading below its 100day SMA of 1.3147 in the European trading session. The near term bias is Bearish with targets of 1.2925

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

Support is at 1.2966 while Resistance is at 1.3056 and 1.3064

09th Aug 2016 – 09:50AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7671 and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone today after touching an intraday low of 0.7621 and is now trading above its 100day SMA of 0.7624 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7700

RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a BUY; while Average True Range (14) indicates High Volatility.

Support is at 0.7621 while Resistance is at 0.7664 and 0.7672

09th Aug 2016 – 09:55AM (UTC)

USDJPY

USDJPY was bullish yesterday as it crossed the 102.50 handle and remained strong towards the end of the trading session. Dollar-Yen is moving in a zigzag pattern today and is now trading above its 100day SMA of 101.67 in the European trading session. The near term bias is Neutral to Bearish with targets of 102

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

Support is at 101.97 while Resistance is at 102.41 and 102.65

09th Aug 2016 – 10:01AM (UTC)

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 Aug, 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. Euro is moving in a bullish momentum today and is now trading above its 100day SMA of 1.1109 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1250

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

Support is at 1.1135 while Resistance is at 1.1151 and 1.1180

10th Aug 2016 – 10:04AM (UTC)

GBPUSD

GBPUSD was bearish yesterday as it came down below 1.3000 handle and touched a low of 1.2960 remaining weak towards the end of the trading session. Cable is moving in a bullish tone having touched an intraday high of 1.3089 and is now trading below its 100day SMA of 1.3070 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3100

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

Support is at 1.3022 while Resistance is at 1.3066 and 1.3088

10th Aug 2016 – 10:10AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7686 and remained firm towards the end of the trading session. AUDUSD is moving in a bullish tone today after touching an intraday high of 0.7727 and is now trading above its 100day SMA of 0.7646 in the European trading session. The near term bias is Bullish with targets of 0.7760

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

Support is at 0.7664 while Resistance is at 0.7737 and 0.7745

10th Aug 2016 – 10:14AM (UTC)

USDJPY

USDJPY was bearish yesterday as it came down below 102 handle and remained towards the end of the trading session. Dollar-Yen is moving in a bearish momentum today and is now trading below its 100day SMA of 101.79 in the European trading session. The near term bias is Neutral to Bearish with targets of 100.50

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

Support is at 101.12 while Resistance is at 101.57 and 101.66

10th Aug 2016 – 10:20AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

EURUSD

EURUSD was bullish yesterday as it crossed the 1.1150 handle and touched an intraday high of 1.1189 remaining strong towards the end of the trading session. Euro is moving in a bearish tone today and is now trading above its 100day SMA of 1.1118 in the European trading session. The near term bias is Bearish with targets of 1.1100

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

Support is at 1.1136 while Resistance is at 1.1150 and 1.1159

11th Aug 2016 – 10:22AM (UTC)

GBPUSD

GBPUSD was bullish yesterday as it crossed the 1.3050 handle and touched a high of 1.3093 but came down below 1.3000 towards the end of the trading session. Cable is moving in a bearish tone and is now trading below its 100day SMA of 1.3036 in the European trading session. The near term bias is Bearish with targets of 1.2900

RSI (14), STOCH (9, 6), MACD (12, 26), 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 1.2935 while Resistance is at 1.3056 and 1.3064

11th Aug 2016 – 10:30AM (UTC)

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 Aug, 2016
By FxGrow Research & Analysis Team

AUDUSD

AUDUSD was bullish yesterday as it touched a high of 0.7754 but came down to touch 0.7700 levels towards the end of the trading session. AUDUSD is moving in a zigzag pattern today and is now trading above its 100day SMA of 0.7666 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7770

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

Support is at 0.7691 while Resistance is at 0.7722 and 0.7736

11th Aug 2016 – 10:36AM (UTC)

USDJPY

USDJPY was bearish yesterday as it came down below 101 handle and remained weak towards the end of the trading session. Dollar-Yen is moving in a mild bullish tone today and is now trading below its 100day SMA of 101.81 in the European trading session. The near term bias is Neutral to Bullish with targets of 101.80

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

Support is at 100.96 while Resistance is at 101.44 and 101.57

11th Aug 2016 – 10:42AM (UTC)

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.