Daily Technical Analysis 14th May, 2015
By FxGrow Research & Analysis Team
AUDUSD is in a strong bullish momentum surging ahead of 0.8100 and the near term bias is bullish with targets of 0.8200 to 0.8230
RSI (14), MACD (12, 26) and CCI (14) indicate a BUY while STOCHRSI (14) is oversold. Average True Range (14) indicates Less Volatility.
Support is at 0.8029 while Resistance is at 0.8162
14th May 2015 05:04hrs GMT
USDJPY remains bearish trading at 119.18 in the Asian trading session. The near term bias is bearish to Neutral with targets of 118.50
RSI (14), MACD (12, 26) indicate a SELL; STOCH (9,6) is Neutral; STOCHRSI(14) is overbought; while Average True Range (14) indicates Less Volatility.
Support is at 119.04 while Resistance is at 119.35
14th May 2015 05:07hrs GMT
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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.