Daily Market Analysis by FxGrow - page 47
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FxGrow Daily Technical Analysis – 28th April, 2016
By FxGrow Research & Analysis Team
The EURUSD may recover ahead of US GDP figures
The EURUSD is playing a sideway congestion in the last 2 days staying in a range between 1.1255 and 1.1355 as Draghi argued that more time is needed to assess the impact of a large stimulus expansion before considering further easing. But the EURUSD started increasing after Fed statement yesterday showing a slower economic growth in the US and staying cautious regarding rate hike. Breaking 1.1370 will keep moving higher toward 1.1410 and 1.1450.
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 – 29th April, 2016
By FxGrow Research & Analysis Team
The EURUSD rallied as US GDP worsen
The EURUSD surged higher and crosses the 1.1400 zone on slowing US growth to reach 1.1415. The Dollar index drops more as weak US GDP data eased the Fed rate hike decision and as the BOJ kept monetary stimulus unchanged. The EURUSD will gain momentum if it breaks 1.1435 and thus continue rallying toward 1.1460 and 1.1480 respectively.
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.
By FxGrow Research & Analysis Team
EURUSD
EURUSD was bullish yesterday as it touched a high of 1.1322 and remained firm towards the end of the trading session. Euro is moving in a consolidation phase today and is now trading above its 100day SMA of 1.1198 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.1350
RSI (14), MACD (12, 26), ADX (14), MA100 indicate a BUY; STOCH (9, 6), STOCHRSI (14), CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.1233 while Resistance is at 1.1322 and 1.1326
17th Aug 2016 – 13:02AM (UTC)
GBPUSD
GBPUSD was bullish yesterday as it touched a high of 1.3050 and remained firm towards the end of the trading session. Cable is moving in a bullish tone today as it touched an intraday high of 1.3068 and is now trading above its 100day SMA of 1.2956 in the European trading session. The near term bias is Neutral to Bullish with targets of 1.3100
RSI (14), MACD (12, 26), ADX (14), MA100 indicate a BUY; CCI (14) is Neutral; while Average True Range (14) indicates High Volatility.
Support is at 1.2955 while Resistance is at 1.3056 and 1.3064
17th Aug 2016 – 13:07AM (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.
By FxGrow Research & Analysis Team
AUDUSD
AUDUSD was indecisive yesterday as it touched a low of 0.7654 and a high of 0.7738 towards the end of the trading session. AUDUSD is moving in a bearish tone and is now trading below its 100day SMA of 0.7681 in the European trading session. The near term bias is Bearish with targets of 0.7580
RSI (14), STOCHRSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCH (9, 6) is Oversold; while Average True Range (14) indicates High Volatility.
Support is at 0.7615 while Resistance is at 0.7676 and 0.7680
17th Aug 2016 – 13:14AM (UTC)
USDJPY
USDJPY was bearish yesterday as it touched a low of 99.58 after which it recovered towards the end of the trading session. Dollar-Yen is moving in a consolidation phase after having touched an intraday high of 101.16 and is now trading below its 100day SMA of 101.08 in the European trading session. The near term bias is Neutral
Support is at 99.98 while Resistance is at 100.83 and 100.86
17th Aug 2016 – 13:18AM (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.
By FxGrow Research & Analysis Team
XAUUSD[Gold]
XAUUSD was indecisive yesterday as it touched a high of 1358 and a low of 1341 towards the end of the trading session. Gold is moving in a zigzag pattern and is now trading below its 100day SMA of 1348.49 in the European trading session. The near term bias is Neutral to Bearish with targets of 1330
STOCH (9, 6), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14), CCI (14) are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1345.19 while Resistance is at 1350.39 and 1352.99
17th Aug 2016 – 13:25AM (UTC)
XAGUSD[Silver]
XAGUSD was indecisive yesterday as it touched a high of 20.10 and a low of 19.73 towards the end of the trading session. Silver is moving in a bearish momentum after having touched an intraday low of 19.53 and is now trading below its 100day SMA of 19.90 in the European trading session. The near term bias is Neutral to Bearish with targets of 19.50
RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC, MA100 indicate a SELL; ADX (14), CCI (14) are Neutral; while Average True Range (14) indicates High Volatility.
Support is at 19.59 while Resistance is at 19.74 and 19.86
17th Aug 2016 – 13:30AM (UTC)
USOil.cfd
US Oil was bullish yesterday as it touched a high of 46.71 and remained firm towards the end of the trading session. US Oil is moving in a bullish tone as it touched an intraday high of 46.55 and is now trading below its 100day SMA of 44.80 in the European trading session. The near term bias is Bullish with targets of 47.10
RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCH (9, 6), ADX (14) is Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 45.83 while Resistance is at 46.71 and 46.77
17th Aug 2016 – 13:35AM (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.