FxGrow Daily Technical Analysis – 16th Aug, 2016
By FxGrow Research & Analysis Team
AUDUSD was mildly bullish yesterday as it touched a top of 0.7690 and remained firm towards the end of the trading session. AUDUSD is moving in a mild bearish tone after having touched an intraday high of 0.7729 and is now trading just below its 100day SMA of 0.7691 in the European trading session. The near term bias is Neutral
ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.
Support is at 0.7670 while Resistance is at 0.7744 and 0.7792
16th Aug 2016 – 13:50AM (UTC)
USDJPY was indecisive yesterday as it remained flat towards the end of the trading session. Dollar-Yen had a strong bearish momentum today as it touched a low of 99.54 but has since then recovered and is now trading below its 100day SMA of 101.26 in the European trading session. The near term bias is Bearish with targets of 99.50
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14) is Overbought; while Average True Range (14) indicates High Volatility.
Support is at 99.54 while Resistance is at 100.68 and 100.83
16th Aug 2016 – 13:55AM (UTC)
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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.