Thread: Daily Technical Analysis by FxGrow

FxGrow Daily Technical Analysis – 22nd July, 2016
By FxGrow Research & Analysis Team

EURUSD


EURUSD was indecisive yesterday as it touched a high of 1.1057 and a low of 1.0979 towards the end of the trading session. EURUSD is trading just below its 100 day SMA of 1.1032 and short term upwards correction is expected in the US trading session. The near term bias is Neutral to Bullish with targets of 1.1050 to 1.1070

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

Support is at 1.0979 while Resistance is at 1.1031 and 1.1045

22nd July 2016 – 07:35AM (UTC)

GBPUSD


GBPUSD was indecisive yesterday as it touched a high of 1.3267 and a low of 1.3163 and is today trading in a bullish overtone above 1.3240 levels. Intraday Bullish correction is possible with the pair testing 1.3300 in the US trading session. GBPUSD is trading above its 100day SMA of 1.3196 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3300

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 1.3205 while Resistance is at 1.3274 and 1.3286

22nd July 2016 – 08:01AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 22nd July, 2016
By FxGrow Research & Analysis Team

AUDUSD


AUDUSD was mild bullish yesterday as it touched a high of 0.7510 and tried to consolidate in the range of 0.7480 to 0.7500 towards the end of the trading session. The AUDUSD is slightly bearish today and is trading below 0.7480 levels. The pair is trading below its 100 day SMA of 0.7511 in the European trading session. The near term bias is Bearish with targets of 0.7450 to 0.7425

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

Support is at 0.7469 while Resistance is at 0.7491 and 0.7502

22nd July 2016 – 08:20AM (UTC)

USDJPY


USDJPY was bearish yesterday as it dropped below 105 to touch an intraday low of 105.41 and tried to consolidate towards 106 at the end of the trading session. The USDJPY has now come into a Neutral state with some bullish correction expected in the US trading session. The near term bias is Neutral to Bullish with targets of 106.50

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

Support is at 105.54 while Resistance is at 106.53 and 107.49

22nd July 2016 – 08:28AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 25th July, 2016
By FxGrow Research & Analysis Team

EURUSD


EURUSD closed last week below 1.0950 handle and today it opened lower and is now trading in a consolidation phase towards the 1.1000 levels. EURUSD is trading below its 100 day SMA of 1.1009 and downside moves are expected in the US trading session. The near term bias is Neutral to Bearish with targets of 1.0950 to 1.0910

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

Support is at 1.0967 while Resistance is at 1.1002 and 1.1015

25th July 2016 – 10:50AM (UTC)

GBPUSD


GBPUSD closed last week below 1.3100 handle and today it is trading in a zigzag pattern as bearish pressure continues to dominate the currency in the near term. Cable is trading in a neutral zone now with some bearish correction expected in the US trading session. GBPUSD is trading below its 100day SMA of 1.3162 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.3050

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

Support is at 1.3119 while Resistance is at 1.3164 and 1.3205

25th July 2016 – 10:58AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 25th July, 2016
By FxGrow Research & Analysis Team

AUDUSD


AUDUSD closed lower last week below 0.7450 handle and today it is trading in a slight bullish overtone at 0.7480 levels. The AUDUSD is staging a slow recovery towards 0.7500 while the downside risks remain. The pair is trading just near its 100 day SMA of 0.7485 in the European trading session. The near term bias is Bullish with targets of 0.7530

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

Support is at 0.7442 while Resistance is at 0.7492 and 0.7500

25th July 2016 – 11:04AM (UTC)

USDJPY


USDJPY was bullish last week and closed above the 106 handle. Today the pair is trading in a zigzag pattern holding above the 106.20 levels. The USDJPY has now come into a Neutral state with some bearish correction expected in the US trading session. The near term bias is Neutral towards 106 levels.

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

Support is at 105.93 while Resistance is at 106.48 and 106.53

25th July 2016 – 11:10AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 26th July, 2016
By FxGrow Research & Analysis Team

EURUSD


EURUSD had a modest recovery yesterday as it closed above 1.0980 levels. Today the pair is trading in a minor uptrend though overall outlook remains bearish towards 1.0900 handle. EURUSD is trading above its 100 day SMA of 1.1002 and upside moves are expected in the US trading session. The near term bias is Bullish with targets of 1.1050 to 1.1080

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 1.0967 while Resistance is at 1.1016 and 1.1024

26th July 2016 – 09:46AM (UTC)

GBPUSD


GBPUSD was indecisive yesterday as it touched a high of 1.3163 and a low of 1.3094 towards the end of the trading session. Cable is trading in a zigzag pattern today as the overall bias remains on the downside. GBPUSD is trading below its 100day SMA of 1.3161 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.3050

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

Support is at 1.3064 while Resistance is at 1.3131 and 1.3164

26th July 2016 – 10:00AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 26th July, 2016
By FxGrow Research & Analysis Team

AUDUSD


AUDUSD was indecisive yesterday as it touched a high of 0.7491 and a low of 0.7455 towards the end of the trading session. The AUDUSD made a strong recovery crossing 0.7500 handle in the European trading session. The pair is trading above its 100 day SMA of 0.7481 and flat moves are expected in the US trading session. The near term bias is Bullish with targets of 0.7550

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 High Volatility.

Support is at 0.7491 while Resistance is at 0.7538 and 0.7548

26th July 2016 – 10:07AM (UTC)

USDJPY


USDJPY was mild bearish yesterday as it closed below 106 handle. Today the Dollar-Yen had a strong bearish momentum as it came down below 104.50 in the European trading session. The USDJPY is trading below its 100day SMA of 106.10 and further downside moves are expected in the US trading session. The near term bias is Bearish with targets of 104 to 103.50

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

Support is at 103.99 while Resistance is at 104.98 and 105.54

26th July 2016 – 10:15AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 27th July, 2016
By FxGrow Research & Analysis Team

EURUSD


EURUSD was indecisive yesterday as it touched a high of 1.1019 and a low of 1.0978 towards the end of the trading session. Euro is unable to hold onto its bullish moves and is trading just above its 100 day SMA of 1.0997 in the European trading session. The near term bias is Bullish with targets of 1.1050 to 1.1080

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

Support is at 1.0981 while Resistance is at 1.1015 and 1.1024

27th July 2016 – 10:16AM (UTC)

GBPUSD


GBPUSD was indecisive yesterday as it touched a low of 1.3057 and a high of 1.3174 towards the end of the trading session. Cable is trading in a mild bearish tone today and the overall bias remains on the downside. GBPUSD is trading below its 100day SMA of 1.3145 in the European trading session. The near term bias is Bearish with targets of 1.3050 to 1.3010

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

Support is at 1.3056 while Resistance is at 1.3119 and 1.3128

27th July 2016 – 10:22AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 27th 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. The AUDUSD had a bullish streak today crossing 0.7550 levels after which it came down to trade below 0.7500 in the European trading session. The pair is trading above its 100 day SMA of 0.7487 and downside moves are expected in the US trading session. The near term bias is Bearish with targets of 0.7400

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

Support is at 0.7472 while Resistance is at 0.7497 and 0.7504

27th July 2016 – 10:27AM (UTC)

USDJPY


USDJPY was bearish yesterday as it came down below 105 to touch intraday lows of 104.04 after which it had a mild recovery towards the end of the trading session. Today Dollar-Yen had a bullish breakout as it crossed 106 levels and touched a high of 106.53 after which it came down. The USDJPY is trading below its 100day SMA of 105.65 and is now in the Neutral state. The near term bias is Neutral

Support is at 103.99 while Resistance is at 105.82 and 105.93

27th July 2016 – 10:33AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 28th July, 2016
By FxGrow Research & Analysis Team

EURUSD


EURUSD was bullish yesterday as it crossed 1.1050 handle and remained firm towards the end of the trading session. Euro is moving in a bullish tone as it touched an intraday high of 1.1119 and is now trading above its 100day SMA of 1.1003 in the European trading session. The near term bias is Bullish with targets of 1.1150

RSI (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 1.1043 while Resistance is at 1.1098 and 1.1126

28th July 2016 – 09:47AM (UTC)

GBPUSD


GBPUSD was bullish yesterday as it crossed 1.3200 handle and remained firm towards the end of the trading session. Cable is moving in a bullish tone as it touched an intraday high of 1.3245 and is now trading above its 100day SMA of 1.3137 in the European trading session. The near term bias is Neutral to Bearish with targets of 1.3100

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 1.3119 while Resistance is at 1.3223 and 1.3238

28th July 2016 – 09:57AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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

FxGrow Daily Technical Analysis – 28th 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. AUDUSD is moving in a bullish tone as it touched an intraday high of 0.7549 and is now trading above its 100day SMA of 0.7489 in the European trading session. The near term bias is Neutral to Bullish with targets of 0.7550 to 0.7580

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

Support is at 0.7491 while Resistance is at 0.7549 and 0.7554

28th July 2016 – 10:21AM (UTC)

USDJPY


USDJPY was indecisive yesterday as it touched a high of 106.53 and a low of 105.14 towards the end of the trading session. Dollar-Yen is moving in a bearish tone as it touched an intraday low of 104.47 and is now trading below its 100day SMA of 105.45 in the European trading session. The near term bias is Bearish with targets of 104.50 to 104

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

Support is at 104.47 while Resistance is at 104.99 and 105.54

28th July 2016 – 10:40AM (UTC)

For more in depth Research & Analysis please visit FxGrow.

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