Daily Market Analysis by FxGrow - page 38
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FxGrow Daily Technical Analysis – 15th Feb, 2016
By FxGrow Research & Analysis Team
USDJPY - sharp return above 114.00
In previous analysis from February 9 I indicated weakness of the bulls at USDJPY and possibility of price movement towards 109.80. I wrote: 'Demand is weak and support at 116.10 wasn't defended. Nearest supports are at 114.00, 112.30. However it is likely that even support at 109.80 may be tested'.
To read this Full in depth 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 – 16th Feb, 2016
By FxGrow Research & Analysis Team
AUDNZD - side trend, since more than two months
In Friday 1.0560 are caused price rebound. It took place third time during six months period. Currently 1.0930 level should be tested. Since more than two months AUDNZD moves in side trend between above mentioned levels. Another attempts of breakout finished faster with rebound.
To read this Full in depth 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 – 16th Feb, 2016
By FxGrow Research & Analysis Team
EURGBP - bulls offensive in progress
EURGBP moves in uptrend since lows from November 2015. Upward movement is very dynamic. Corrections which occurred during this period retraced only 23.6% of main trend. Struggle between demand and supply can be seen at 0.7760 - 0.7800. Because it lasts since a week it shows the determination of the bulls and the strength of that level. It can be found at weekly TF how important that level was in the past.
Time-frame H1
To read this Full in depth 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 – 17th Feb, 2016
By FxGrow Research & Analysis Team
GBPUSD returned to declines, after short correction
Previous GBPUSD analysis gave almost 300 pips profit. I wrote: "If price stays above 1.4500 first target for falls will be at 1.4400. Next goal for bears will be 1.4200". First indicated level was reached very fast and second level could be tested today. Current chart pattern supports declines.
To read this Full in depth 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 – 17th Feb, 2016
By FxGrow Research & Analysis Team
GBPCAD - lowest since 7 months
Since mid-January GBPCAD moves in a downtrend. Price moved above support 1.9890 until yesterday. Support was broke below and price continues its declines. Next support at 0.9730 also wasn't able to stop further depreciation, due to this current goal for bears is 1.9480 level. Today's macroeconomic data from UK labour market were weak and did not help with rebound. The unemployment rate stayed at 5,1% in December versus forecasted 5%.
To read this Full in depth 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 – 18th Feb, 2016
By FxGrow Research & Analysis Team
EURUSD - above support 1.1100, movement towards 1.1380 possible
Since a week EURUSD continues downward movement. Yesterday better than forecasted macro data were published - the US Producer Price Index. The second macro data was FOMC minutes. Investors didn't see nothing new in FOMC protocol and it was confirmed by lack of volatility at EUR/USD. Officials stressed timing of hikes would depend on data.
To read this Full in depth 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 – 18th Feb, 2016
By FxGrow Research & Analysis Team
GBPAUD - rebound from support at 1.9900
Since a half year GBPAUD moved in a downtrend. Price moves inside bearish regression channel and its upper band wasn't tested since early November. Yesterday price reached important support 1.9900 and today bullish rebound occurred. You shouldn't see this as trend reversal, but it is likely that some upward movement will occur and it should reach at least 2.0640.
To read this Full in depth 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 – 19th Feb, 2016
By FxGrow Research & Analysis Team
EURSEK – sharp rebound from resistance
EURSEK moved in uptrend since the year beginning. Last week price rebounded sharply after testing the resistance at 9.6100 . Yesterday huge downward candle reached two weeks low. Nearest supports are located at: 9.3600, 9.3040, 9.2550. If rebound occurs and demand maintains its strength nearest resistances will be located at: 9.4220, 9.5000, 9.6100.
Wider view, time-frame W1
Since 2012 EURSEK moved in uptrend, it was finished at the beginning of 2015. Currently there aren't any new highs or lows so since one year price is moving in consolidation. In this period EURSEK is forming triangle pattern. In a long term it is likely that price will be moving between levels: 9.1400, 9.6100. Breaking one of that levels will show further movement direction.
To read this Full in depth 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 – 19th Feb, 2016
By FxGrow Research & Analysis Team
EURJPY - lowest since mid-2013
Yesterday EURJPY broke below support at 126.00 level and continues downward movement. Nearest support at area 125.00 was tested. Currently it is likely that price will rebound to 126.10 and return to declines. Alternatively if bulls will be as weak as so far new low may occur without any correction.
Wider view time-frame W1
In long term, uptrend at EURJPY looks like finished. After last high in December 2014 price falls and new lows occurred. While price is below 127.30 it is likely that declines will proceed. Next strong support at W1 TF could be found at 122.90.
To read this Full in depth 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 Feb, 2016
By FxGrow Research & Analysis Team
GBPNZD - broke below support at 2.1500
Today price broke below support at 2.1500, and now is continuing its declines. After almost vertical upward movement which lasted between April - August 2015 currently almost all bullish moves has been corrected. Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800
To read this Full in depth 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.