FxGrow Daily Technical Analysis – 31st Aug, 2016
By FxGrow Research & Analysis Team
EURUSD was bearish yesterday as it touched a low of 1.1132 and remained weak towards the end of the trading session. Euro is moving in a mild bearish tone and is now trading below its 100day SMA of 1.1209 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.1100
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC, MA100 indicate a SELL; STOCHRSI (14) is Neutral; while Average True Range (14) indicates High Volatility.
Support is at 1.1098 while Resistance is at 1.1164 and 1.1180
31st Aug 2016 – 07:05AM (UTC)
GBPUSD was indecisive yesterday as it touched a low of 1.3064 and a high of 1.3116 towards the end of the trading session. Cable is moving in a zigzag pattern today and is now trading below its 100day SMA of 1.3085 in the Asian trading session. The near term bias is Neutral to Bearish with targets of 1.3040
RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC indicate a SELL; ADX (14), CCI (14) is Neutral; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.3071 while Resistance is at 1.3119 and 1.3279
31st Aug 2016 – 07:10AM (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.